Annual Report 2005/06 - voestalpine

Total number of employees
2 . sToCK opTion program
In the 2005/06 business year, 31,284 options were exercised. The compensation
of the difference between the exercise price (EUR 34.57) and
the daily closing price at the exercise day was in kind or in cash. The
value of the exercised options in the 2005/06 business year was
EUR 0.7 million. The members of the Management Board did not
exercise any options in the reporting period.
The stock of options as of March 31, 2006, amounts to 6,960 options.
The fair value of the options as of March 31, 2006, is EUR 80.89
(March 31, 2005: EUR 24.56) per option. In the consolidated financial
statements, a provision of EUR 0.6 million (March 31, 2005:
EUR 0.9 million) has been created for the stock option program.
2 . signiFiCanT evenTs aFTer
The BalanCe sheeT DaTe
Balance sheet date Average
03/31/2006 03/31/2005 2005/06 2004/05
Laborers 15,410 14,986 15,327 16,248
Salaried
employees 8,251 7,969 8,156 6,851
Apprentices 796 811 865 778
24,457 23,766 24,348 23,877
At the beginning of the 2006/07 business year, Division Profilform
expanded its activities in Russia. In April 2006, the lead company
voestalpine Profilform GmbH purchased 80% of the company ZAO
ARKADA Profil. This company focuses primarily on the manufacture
and sale of light steel profiles, particularly for the construction industry
and the infrastructure sector.
Consolidated Financial Statements
Annual Report 2005/06
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