11. Other note / Full time employment

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Annual Report 2019

Annual Report 2019

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Annual Report 2019

Half-Year Report 2022
Annual Report 2021
Half-Year Report 2021
Annual Report 2020
Half-Year Report 2020
Annual Report 2019
Half-Year Report 2019
Annual Report 2018
Half-Year Report 2018
Annual Report 2017
Half-Year Report 2017

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Operational review

Key Figures To our shareholdersAbout Precious Woods / Sustainability

Vision Products and markets Goal of sustainable growth Management organization with strong market orientation Sustainable forestry in all dimensions Market opportunities thanks to sustainability certificates for tropical wood Contribution to the UN Sustainable Development Goals Precious Woods Amazon: Close ties with the local population Precious Woods in Gabon – Projects for the protection of flora, fauna, and biodiversity Sounding Board Institutional framework as opportunity and challenge Illegal logging threatens certified timber trade and sustainable development Carbon Footprint The role of forestry in the current climate change debate Milestones Precious Woods

Income statement Balance sheet

Higher harvest volume, increased production volumes, higher yield Continued high resources for legacies and special factors Social and environmental sustainability Outlook for 2020

Negative development of productivity and profitability More difficulties than usual Progress in social and environmental sustainability Outlook for 2020

TradingCarbon & Energy

Emission certificates thanks to residual wood in Brazilian Emission trading together with myclimate Precious Woods Carbon & Energy

Corporate Governance

1. Group structure and shareholders 2. Capital structure 3. Board of Directors 4. Group Management 5. Compensation, shareholdings, loans 6. Shareholders’ rights of participation 7. Changes of control and defense measures 8. Auditor 9. Information policy

Shareholder information

Share capital Equivalent to 100 shares Stock market listing Share register information Company headquarters Stock price development

Financial Report

Precious Woods Group financial statements

Consolidated statement of profit or loss Consolidated statement of comprehensive income Consolidated statement of financial position Consolidated statement of changes in equity Consolidated statement of cash flowsNotes to the consolidated financial statements

1. Basis of presentation and general accounting policies 2. Financial risk management 3. Financial information by segment 4. Revenue from contracts with customers 5. Consumables used and other production costs 6. Labour costs 7. Other operating income and expenses 8. Depreciation, amortization and impairment 9. Financial income and expenses 10. Property, plant and equipment 11. Land 12. Biological assets 13. Intangible assets 14. Investment in associates 15. Inventories 16. Prepayments 17. Trade and other receivables 18. Non current financial assets 19. Trade and other payables 20. Financial liabilities 21. Financial instruments by category and Fair value hierarchy 22. Leasing 23. Share capital 24. Major shareholders 25. Earnings per share 26. Related party balances and transactions 27. Provisions 28. Contingencies 29. Income taxes 30. Employee benefits 31. Currency translation rates 32. Basis of consolidation 33. Subsequent events 34. Approval of financial statements and dividends

Report of the statutory auditor on the consolidated financial statements

Precious Woods Holding Ltd financial statements

Balance sheets as of 31 December 2019 and 2018 Statements of income 2019 and 2018Notes to the financial statements of Precious Woods Holding Ltd

Essential accounting and valuation principles 1. General 2. Authorized share capital 3. Conditional share capital 4. Investments in subsidiaries 5. Other short term interest bearing liabilities 6. Long term interest bearing liabilities 7. Board and Executive compensation 8. Depreciation, amortization and impairment 9. Major shareholders 10. Pledged assets / other securities 11. Other note / Full time employment 12. Other note / Lease liabilities 13. Other note / Significant events after the reporting date

Report of the statutory auditor on the financial statements

Additional information

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11. Other note / Full time employment

For the full-time employment of Holding employees for the years 2019 and 2018, we refer to the social key figures in the sustainability report on page 10.