Annual Report 2010 - Knorr-Bremse AG.

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144 3 Intangibles This heading includes primarily the acquisition of goodwill, patents, rights to the use of names and trademarks, and IT software. IT software and goodwill account for the majority of additions. Any resulting goodwill is subject to scheduled depreciation over a period of not more than 20 years. Other intangibles are subject to scheduled depreciation over periods of between three and 10 years. In fiscal year 2010 a TEUR 29,137 provision was made against goodwill from the acquisition of the Sigma Group. All intangible assets have a limited useful life. 4 Fixed assets Movements of fixed assets are presented in the compilation on the preceding pages. To take technical and economic factors into account, scheduled depreciation was applied to acquisition costs. During the fiscal year, unscheduled depreciation amounting to TEUR 522 was applied to a plot of land. 5 Investments Investment movements are set out in the compilation above. Miscellaneous investments consist of miscellaneous loans (TEUR 21,237), loans to affiliated companies (TEUR 33,956), long-term investments (TEUR 1,829), and investments in other companies (TEUR 155). During the fiscal year a TEUR 2,046 provision was made against the Group’s shareholding in Knorr- Bremse RUS OOO, Nizhny Novgorod/Russia, an affiliated company which is not included in consolidation. List of shareholdings 1 Consolidated affiliated companies Share in capital in % Albatros GmbH, Munich/Germany 100.0 Anchor Brake Shoe Company LLC, West Chicago/USA 100.0 BCVS Canadian Holdings LLC, Anjou, Quebec/Canada 100.0 BCVS Mexican Holdings LLC, Cd Acuña, Coah/Mexico 100.0 Bendix Commercial Vehicle Systems LLC, Elyria, Ohio/USA 100.0 Bendix CVS Canada Inc., Anjou, Quebec/Canada 100.0 Bendix CVS de Mexico SA de CV, Cd Acuña, Coah/Mexico 100.0 Bendix Spicer Foundation Brake Canada, Inc., Kingston, Ont./Canada 100.0 Bendix Spicer Foundation Brake LLC, Elyria, Ohio/USA 80.0 Bost Ibérica S.L., Madrid/Spain 100.0 BSFB Holdings, Inc., Elyria, Ohio/USA 100.0 Dr. techn. Josef Zelisko Ges.m.b.H., Mödling/Austria 100.0 EMC Traction S.r.l., Milan/Italy 100.0 Freinrail Systèmes Ferroviaires S.A., Reims/France 100.0
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 145 1 Consolidated affiliated companies (continued) Share in capital in % Hasse & Wrede CVS Dalian, China Ltd., Dalian/China 70.0 Hasse & Wrede GmbH, Berlin/Germany 100.0 Heine Resistors GmbH, Dresden/Germany 51.0 Heine Resistors (Suzhou) Co. Ltd., Suzhou/China 100.0 IFE ČR a.s., Brno/Czech Republic 100.0 IFE North America LLC, Westminster, Md./USA 100.0 IFE-Tebel Australia Pty. Ltd., Granville/Australia 100.0 IFE-Tebel Technologies B.V., Leeuwarden/The Netherlands 100.0 IFE-VICTALL Railway Vehicle Door Systems (Qingdao) Co. Ltd., Qingdao/China 59.0 IGE-CZ s.r.o., Brno/Czech Republic 100.0 Indústria Freios Knorr Ltda., São Paulo/Brazil 100.0 KB Gamma Beteiligungs GmbH, Munich/Germany 100.0 KB Lambda Beteiligungs GmbH, Munich/Germany 100.0 KB Media GmbH Marketing und Werbung, Munich/Germany 100.0 KB Sigma Beteiligungs GmbH, Munich/Germany 100.0 KB Omikron Beteiligungs GmbH, Munich/Germany 100.0 Knorr Amabhiliki (Pty.) Ltd., Kempton Park/South Africa 74.0 Knorr Brake Corporation, Westminster, Md./USA 100.0 Knorr Brake Holding Corporation, Watertown, NY/USA 89.3 Knorr Brake Ltd., Kingston, Ont./Canada 100.0 Knorr Brake Truck Systems Company, Watertown, NY/USA 100.0 Knorr-Bremse / Nankou Air Supply Unit (Beijing) Co., Ltd., Nankou/China 55.0 Knorr-Bremse Asia Pacific (Holding) Ltd., Hong Kong/China 100.0 Knorr-Bremse Australia Pty. Ltd., Granville/Australia 100.0 Knorr-Bremse Benelux B.V.B.A., Heist-op-den-Berg/Belgium 100.0 Knorr-Bremse Beteiligungsgesellschaft mbH, Munich/Germany 100.0 Knorr-Bremse Brake Equipment (Shanghai) Co., Ltd., Shanghai/China 100.0 Knorr-Bremse Braking Systems for Commercial Vehicles (Dalian) Co., Ltd., Dalian/China 100.0 Knorr-Bremse CARS LD Vehicle Brake Disc Manufacturing (Beijing) Co., Ltd., Daxing/China 50.0 Knorr-Bremse Commercial Vehicle Systems Japan Ltd., Tokyo/Japan 80.0 Knorr-Bremse Fékrendszerek Kft., Kecskemét/Hungary 100.0 Knorr-Bremse Ges.m.b.H., Mödling/Austria 100.0 Knorr-Bremse India Pvt. Ltd., Faridabad/India 100.0 Knorr-Bremse KAMA Systems for Commercial Vehicles OOO, Naberezhnye Chelny/Russia 50.0 Knorr-Bremse Investment GmbH, Munich/Germany 100.0 Knorr-Bremse IT-Services GmbH, Munich/Germany 100.0 Knorr-Bremse Nordic Rail Services AB, Lund/Sweden 75.0 Knorr-Bremse Polska SfN Sp. z o.o., Warsaw/Poland 100.0 Knorr-Bremse Rail Systems Italia S.r.l., Campi Bisenzio/Italy 100.0 Knorr-Bremse Rail Systems Japan Ltd., Tokyo/Japan 94.0 Knorr-Bremse Rail Systems Korea Ltd., Seoul/South Korea 100.0 Knorr-Bremse Rail Systems OOO, Moscow/Russia 100.0 Knorr-Bremse Rail Systems (Machining) Ltd., Melksham, Wiltshire/Great Britain 100.0 Knorr-Bremse Rail Systems (UK) Ltd., Melksham, Wiltshire/Great Britain 100.0
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Annual Report | 2010 Knorr-Bremse G
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Main Majority-owned Subsidiaries of
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1/Overview 04 06 08 10 12 2010 at a
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Knorr-Bremse Rail Vehicle Systems i
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EXECUTIVE BOARD 7 Dr. Dieter Wilhel
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SUPERVISORY BOARD 9 Heinz Hermann D
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SUPERVISORY BOARD 11 Statements and
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14 The State and Development of Kno
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16 Development of the Knorr-Bremse
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18 the Daxing site a new production
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20 Overall assessment of the econom
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22 Regional developments by divisio
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24 for example, procured another 18
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26 ket also throttled back domestic
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28 Research and development As a te
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30 Social responsibility and sustai
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32 Report on risks and opportunitie
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34 Outlook In 2011 the Knorr-Bremse
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2/ Report Against a background of g
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40 RepoR t | RAIL Ve HICLe SYSteMS
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50 RepoRt | RAIL VeHICLe SYSteMS As
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58 RepoRt | RAIL VeHICLe SYSteMS
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60 RepoRt | RAIL VeHICLe SYSteMS In
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62 HIGHLIGHt RepoRt | RAIL VeHICLe
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68 HIGHLIGHt RepoRt | SYSteMe RAIL
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74 HIGHLIGHt RepoRt | SYSteMe RAIL
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Commercial Vehicle Systems Followin
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RepoR t 79 Markets There was a dist
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RepoRt 81 Partner with an excellent
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RepoR t 83 Market Successes Against
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RepoR t 85 North America Bendix bec
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RepoRt 87 Consistent performance th
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RepoRt 89 Asia Successes in China K
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RepoR t 91 PACCAR quality award The
Page 97 and 98: RepoR t 93 Projects During 2010 Kno
Page 99 and 100: RepoR t 95 By the end of the year u
Page 101 and 102: RepoRt 97 Focus on value creation A
Page 103 and 104: RepoR t 99 Products Reliable, safe,
Page 105 and 106: RepoR t 101 Tire Pressure Monitorin
Page 107 and 108: RepoRt 103 20-inch disc brake for C
Page 109 and 110: RepoR t 105 Service Knorr-Bremse’
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Page 114 and 115: 110 RepoR t | KnoRR-BR e MSe GR o U
Page 118 and 119: 114 RepoRt | KnoRR-BReMSe GRoUp Fur
Page 122 and 123: 118 RepoRt | KnoRR-BReMSe GRoUp CSR
Page 126 and 127: 122 RepoRt | KnoRR-BReMSe GRoUp Pro
Page 136 and 137: 132 RepoRt | KnoRR-BReMSe GRoUp Kno
Page 139 and 140: 3/ Notes to the Consolidated Financ
Page 141 and 142: NOTES TO THE CONSOLIDATED FINANCIAL
Page 147: NOTES TO THE CONSOLIDATED FINANCIAL
Page 159 and 160: CONSOLIDATED CASH FLOW STATEMENT 15
Page 161 and 162: SEGMENT REPORT 157 Fiscal Year 2010
Page 163 and 164: INDEPENDENT AUDITOR’S REPORT 159
Page 165 and 166: CONSOLIDATED STATEMENT OF INCOME 16
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Annual Report 2010 - Knorr-Bremse AG.

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