61 / 79
Notes concerning the Consolidated Financial Statement and the Annual Financial Statement 60/61
Other operating income at Koelnmesse GmbH
includes income related to other periods from the
liquidation of provisions amounting to TEUR 638
(TEUR 653 for the consolidated companies), to
incoming payments on written-down claims in the
amount of TEUR 89 (TEUR 89 for the consolidated
companies) and exchange gains from currency
translation amounting to TEUR 49 (TEUR 1,235 for
the consolidated companies).
Other operating expenses at Koelnmesse GmbH
include expenses related to other periods from the
charge-off of receivables amounting to TEUR 899
(TEUR 899 for the consolidated companies), and
from additions to the provisions for contingent losses
of TEUR 877 (TEUR 877 for the consolidated
companies). In addition to this, other operating
expenses also include exchange losses from currency
translation in the amount of TEUR 44 (TEUR 779 for
the consolidated companies).
Income from profit- and loss-sharing agreements
now consists of the profits of the controlled
company, Koelnmesse Ausstellungen GmbH.
VII. Commitments and contingencies
Due to the US Cross-Border Leasing transaction
conducted in fiscal year 2002, Koelnmesse GmbH has
an external civil commitment to pay rent to the U.S.
investor for the entire duration of the rental agree-
ment until such time as the purchase option may be
exercised in 2033. The obligation to perform these
payments has been contractually transferred to third
parties. As long as the parties that have committed
themselves to perform do so, Koelnmesse GmbH will
not have to make any payments. There are currently
no indications that the party in question might not
be able to meet its obligations.
In the years 2006 through 2008, Koelnmesse GmbH
issued an indefinite Letter of Comfort/Financial Sup-
port to each of its subsidiaries in Japan, Singapore,
Thailand, China and Hong Kong. Under the terms
of these letters, Koelnmesse GmbH, as creditor and
shareholder, covenants not to require repayment
of amounts owed by the respective subsidiary until
the resources of the company permit. In addition,
Koelnmesse GmbH covenants to provide ongoing
support to the respective subsidiary insofar as it has
the capacity to fulfil financial commitments, so that
the requirements of a going concern continue to be
met.