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We have derived the following goals for our financing partners from our vision and from the company´s guiding principles:
Our financial communication is intended to provide our financing partners with a sustainable image of our business at eye level. Internally, we use our financial communications to provide ongoing information to our employees, managers, directors, advisory board members and shareholders. Internally and externally, we use a uniform reporting system, which serves as a control instrument for the entire Kurtz Ersa Group.
Financial communication as well as financial management is carried out and controlled in the central departments Finance and Controlling for all worldwide companies of the Kurtz Ersa Group. The consolidation of all business figures for internal and external reporting is carried out in the two central divisions. We prepare our consolidated financial statements in accordance with the applicable accounting regulations of the German Commercial Code (HGB). For the income statement, we use the nature of expense method. The individual financial statements are prepared and audited in accordance with the relevant national regulations. All business figures are based on our global ERP system SAP R/3.
We use the following instruments for the short- to medium-term external financing of our business activities:
We plan our business with our integrated planning system. The result is a linked income statement, balance sheet and cash flow plan. In addition, we maintain a rolling 3-month forecast. For medium and long-term planning we use our strategic planning system.
Our liquidity planning is also prepared using our integrated planning system. In addition, we maintain a rolling liquidity planning with a horizon of 13 weeks, based on expenses and revenues from our ERP system SAP R/3.
For a long-term partnership, we need common basic values and goals. The basis for this is an open bilateral exchange of information with the aim of mutual understanding - ultimately leading to a comprehensible rating and corresponding conditions.