Impera releases financial statement for 2010

• Impera Total Return AG releases financial statement 2010
• Net loss of 1.557k Euro
• NAV per share at 2,06 Euro

Frankfurt, 10 August 2011 – Impera Total Return AG achieved an operative result of -1.557k (2009: -777.8) Euro in 2010. As the retained earnings amounted to 915,7k Euro, the resulting balance sheet profit for 2010 is about -614.4k Euro. The total output rose to 1.174k Euro after 1.063 k Euro of the previous year.

The decisive factors for the negative effect on earnings were the increased depreciations on financial assets and securities. Negative drivers were the shares held for sale, which have been revalued according to the strict lower-of-cost-or-market principle of German accounting principles (HGB). The securities in our portfolio carried hidden reserves on the reporting date.

As announced, the investment portfolio has been significantly reduced and concentrated. Some major investments were successfully sold; also minority stakes in unprofitable and less promising companies have been sold.

The subscribed capital increased after the successful placement of 576.000 stocks to 6.336k Euro, the net equity totaled to an amount of 8.104k (2009: 8790k) Euro at the end of the year. In relation to the balance sheet total of 8.558k (2009: 9.071k) Euro, this results in an equity ratio of 94,7 (2009: 97,0) %. The Net Asset Value (NAV) amounted to 2,06 Euro per share at the end of the year 2010. The company is debt free and possesses sufficient net-liquidity.

After completing portfolio restructuring in 2010 the remaining investments offer a good risk-return ratio with interesting profit potentials. In regard to the recent turmoil of the capital markets a reliable forecast for 2011 cannot be made at this time.

The complete financial statement (German) is available on the following link: » financial statement 2010