Annual Report 2010 - Knorr-Bremse AG.

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156 SEGMENT REPORT Segment Report in Compliance with GAS 3 (German Accounting Standard) In order to comply with GAS 3, Knorr-Bremse AG has compiled the following report on three segments that are subject to reporting requirements. The breakdown by segment is based on the Group’s activities in the three major geographical regions that provide the geographical framework for the Group’s internal organizational and reporting structures. The operating segments cover three regions: Europe, the Americas and Asia/Australia, each of which is characterized by different market and customer demands. The Knorr-Bremse Group’s main product lines – braking systems for rail and commercial vehicles – are represented in all three regions. Fiscal Year 2010 Europe America Asia/ Australia Knorr-Bremse Group in EUR thousands (TEUR) Sales by region 2,288,048 891,346 1,041,295 4,220,689 thereof net sales with third parties 1,886,009 826,977 999,177 3,712,163 thereof net sales with other segments 402,039 64,369 42,118 508,526 Net income 109,783 47,320 82,278 239,381 Income tax charge 59,754 25,758 44,783 130,295 Investments (excluding financial investments) 74,751 21,337 17,281 113,369 Depreciation (excluding financial investments) 72,350 33,134 41,379 146,863 Result for associated companies 0 (252) 0 (252) Result for affiliated and other companies 13 0 0 13 Assets 998,130 523,777 672,250 2,194,157 Fiscal Year 2009 Europe America Asia/ Australia Knorr-Bremse Group in EUR thousands (TEUR) Sales by region 1,841,381 661,232 529,313 3,031,926 thereof net sales with third parties 1,626,013 620,437 514,497 2,760,947 thereof net sales with other segments 215,368 40,795 14,816 270,979 Net income 65,180 7,493 26,056 98,729 Income tax charge 32,014 3,681 12,797 48,492 Investments (excluding financial investments) 70,796 16,732 13,087 100,615 Depreciation (excluding financial investments) 77,442 32,066 8,162 117,670 Result for associated companies 0 74 0 74 Result for affiliated and other companies 6 0 0 6 Assets 871,718 455,984 336,718 1,664,420
SEGMENT REPORT 157 Fiscal Year 2010 Net sales Investments (excl. financial investments) in EUR thousands (TEUR) Depreciation (excl. financial investments) Assets Rail vehicle systems 2,024,389 61,236 82,941 1,435,022 Commercial vehicle systems 1,700,682 50,361 61,043 967,908 Miscellaneous/consolidations (12,908) 1,772 2,879 (208,773) Knorr-Bremse Group 3,712,163 113,369 146,863 2,194,157 Fiscal Year 2009 Net sales Investments (excl. financial investments) in EUR thousands (TEUR) Depreciation (excl. financial investments) Assets Rail vehicle systems 1,552,550 66,649 51,253 1,061,758 Commercial vehicle systems 1,221,460 33,362 63,403 809,847 Miscellaneous/consolidations (13,063) 604 3,014 (207,185) Knorr-Bremse Group 2,760,947 100,615 117,670 1,664,420 The analysis does not show borrowings or interest payable by region, because these items are controlled centrally across the Group by the parent company, thus are not dependent on regional decisions associated with day-to-day business operations. The usual prices apply as agreed between counterparties.
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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
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RepoR t 93 Projects During 2010 Kno
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RepoR t 95 By the end of the year u
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RepoRt 97 Focus on value creation A
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RepoR t 99 Products Reliable, safe,
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RepoR t 101 Tire Pressure Monitorin
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RepoRt 103 20-inch disc brake for C
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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
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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 159: CONSOLIDATED CASH FLOW STATEMENT 15
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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