AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 77)

AEG PS Group internal organisation and reporting system may not be sufficient to meet its specific

business needs and the enhanced reporting requirements for a company listed on a regulated market.

AEG PS Group was merged into a previously listed special purpose acquisition company (SPAC) in Sep-

tember 2009. Because AEG PS Group became a public company through a sale process it did not have

the benefit of time or resources to make the internal investment in financial accounting and control proc-

ess and personnel typically expected of a publicly listed company. The continuous maintenance of an

internal organisation and management processes in line with its historic and future growth and the re-

quirements for listed companies has been a challenge for AEG PS Group to undertake whilst in a public

setting. Subsequent to being public the AEG PS Group's accounting system does not fully meet the needs

resulting from its expanded business and the status as a company listed on a regulated market. A number

of important figures, key performance indicators or certain break-downs are not produced by the account-

ing system on a standardized basis, or on segment level, but have to be adjusted manually. As a result,

this system is prone to error and could limit Management's ability to steer AEG PS Group on up-to date

information of all relevant factors. The AEG PS Group is currently in the process of implementing an

adequate accounting and management reporting system that meets the internal and external reporting re-

quirements. However, during this interim period the introduction could fail to be operational on time, or

to deliver the necessary functions which would lead to a severe disruption of management and financial

reporting.

Should the Issuer fail to comply with the ongoing obligations which apply to it under the rules and regula-

tions of Euronext Amsterdam or should the Issuer fail to timely issue complete and correct annual and, in

particular, quarterly reports and accounts as well as material statements relating to information which

could have an impact on the share price, this could lead to the Issuer becoming subject to administrative

fines and could have material adverse effect on the reputation of the Issuer as a listed company and the

trading of the its shares and the share price.

AEG PS Group may incur increased costs for pension obligations and other long term employee bene-

fits.

In accordance with local legislation and historical practices in each country, AEG PS Group provides for

employee benefit plans and numerous employees of AEG PS Group are entitled to pension and retirement

benefits and other long term employee benefits. Some of these arrangements are unfunded and benefits

have to be paid from AEG PS Group's general assets. Benefit payments are dependent upon multiple fac-

tors, including assumptions of future economic and company specific developments. Such developments

are difficult to predict, may be subject to change at any time and may result in fluctuations of future obli-

gations under the respective arrangements. As at 30 September 2010 AEG PS Group recorded provisions

for pension obligations and long term employee benefits of EUR 22.7 million in its balance sheet. For the

aforementioned reason, this amount could prove to be insufficient to cover future obligations from pen-

sion agreements or other long term employee benefits. An increase of costs under such arrangements

could have a material adverse effect on AEG PS Group's business, results of operations and financial

condition.

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AEG 21604 G Bedienungsanleitung Seite 77