Annual Report 2003 2004

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198 Company (as of September 30, 2004) ThyssenKrupp Indusa Mure S.L., Alonsotegui, Spain ThyssenKrupp JBM Private Ltd., Chennai, India ThyssenKrupp Sasa S.A. de C.V., San Luis Potosi, Mexico ThyssenKrupp Stahl Company, Kingsville/Missouri, USA ThyssenKrupp Waupaca, Inc., Waupaca/Wisconsin, USA ThyssenKrupp Woodhead Ltd., Leeds, United Kingdom Body Krupp Camford Pressings Ltd., Llanelli, United Kingdom Milford Fabricating Company, Detroit/Michigan, USA ThyssenKrupp Body Stampings Ltd., Cannock, United Kingdom ThyssenKrupp Drauz GmbH, Heilbronn ThyssenKrupp Fabco Corp., Halifax/Nova Scotia, Canada ThyssenKrupp Sofedit España, S.A., Valladolid, Spain ThyssenKrupp Sofedit S.A.S., Versailles, France Powertrain ThyssenKrupp Aluminium Technik s.r.o., Hradek nad Nisou, Tschechische Republik ThyssenKrupp Atlas, Inc., Fostoria/Ohio, USA ThyssenKrupp Automotive Sales & Technical Center, Inc., Troy/Michigan, USA ThyssenKrupp Fahrzeugguss GmbH, Hildesheim ThyssenKrupp Fundicoes Ltda., Barra do Pirai, Brazil ThyssenKrupp Gerlach Company, Danville/Illinois, USA ThyssenKrupp Gerlach GmbH, Homburg/Saar ThyssenKrupp Mavilor S.A., L'Horme, France ThyssenKrupp Metalúrgica Campo Limpo Ltda., Campo Limpo Paulista, Brazil ThyssenKrupp Metalúrgica de México S.A. de C.V., Puebla, Mexico ThyssenKrupp Präzisionsschmiede GmbH, Munic ThyssenKrupp Presta AG, Eschen, Liechtenstein ThyssenKrupp Presta de México S.A. de C.V., Puebla, Mexico ThyssenKrupp Presta France S.A.S., Florange, France Shareholding in % ·1 100.00 73.89 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.99 59.75 100.00 100.00 100.00 100.00 100.00 Equity in million € ·2 24.1 7.1 (6.5) (19.8) 268.2 22.4 14.7 22.7 15.4 1.3 83.3 8.9 9.0 11.1 13.1 35.5 47.4 23.8 32.8 53.9 5.4 138.9 17.5 22.8 248.7 21.7 28.5 Employees ·1 related to the parent company in the ThyssenKrupp Group ·2 local ·3 financial statement date December 31, 2003 ·4 financial statement date May 31, 2004 ·5 preconsolidated group ·6 short fiscal year Dec. 01, 2003 - Sept. 30, 2004 ·7 thereof 10.08% held by ThyssenKrupp Stahl AG 406 230 486 1,026 3,622 89 448 52 977 1,047 797 82 3,101 171 368 48 1,387 2,093 302 1,337 433 3,176 431 1,643 1,242 124 657 ThyssenKrupp Presta HuiZhong Shanghai Co., Ltd., Shanghai, PR China ThyssenKrupp Presta lIsenburg GmbH, lIsenburg ThyssenKrupp Presta SteerTec GmbH, Duesseldorf ·6 ThyssenKrupp Rautenbach Castings GmbH, Wernigerode BMB Steering Innovation GmbH, Schönebeck Corporate Automotive Aventec S.A. de C.V., Silao/Guanajuato, Mexico Bertrandt AG, Ehningen ELEVATOR ThyssenKrupp Elevator AG, Duesseldorf Germany/Austria/Switzerland ThyssenKrupp Aufzüge AG, Rümlang, Switzerland ThyssenKrupp Aufzüge Gesellschaft m.b.H., Vienna, Austria ThyssenKrupp Aufzüge GmbH, Neuhausen a.d.F. ThyssenKrupp Aufzüge Nordost GmbH, Berlin ThyssenKrupp Aufzüge Süd GmbH, Neuhausen a.d.F. ThyssenKrupp Aufzüge West GmbH, Frankfurt a.M. ThyssenKrupp Aufzugswerke GmbH, Neuhausen a.d.F. ThyssenKrupp Fahrtreppen GmbH, Hamburg France/Benelux ThyssenKrupp Ascenseurs Holding S.A.S., Puteaux, France ThyssenKrupp Ascenseurs S.A.S., Angers, France ThyssenKrupp Elevator B.V., Krimpen aan den Ijssel, Netherlands ThyssenKrupp Liften Ascenseurs S.A./N.V., Brussels, Belgium ThyssenKrupp Liften B.V., Krimpen aan den Ijssel, Netherlands Spain/Portugal/Latin America Ascensores Cenia S.A., Andoain, Spain ThyssenKrupp Eletec Internacional S.A., Madrid, Spain ThyssenKrupp Elevadores, S.A., Sâo Paulo, Brazil ThyssenKrupp Elevadores, S.A., Madrid, Spain ThyssenKrupp Elevadores, S.A., Lisbon, Portugal ThyssenKrupp Norte S.A., Mieres/Oviedo, Spain. Shareholding in % ·1 60.00 100.00 60.00 74.90 50.00 33.33 25.19 ·7 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.50 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.81 99.92 100.00 100.00 Equity in million € ·2 10.4 12.9 26.1 21.9 10.2 44.9 ·3 50.4 ·3 378.6 6.2 36.3 100.9 2.7 1.5 0.8 14.0 1.3 110.9 84.5 34.3 16.0 5.4 21.0 29.9 56.8 66.2 14.5 18.0 Employees 85 225 1,142 190 129 0 ·3 3,012 ·3 89 195 583 125 643 583 606 1,029 634 5 2,229 286 246 812 19 1,807 2,394 617 371
Company (as of September 30, 2004) North America/Australia New York Elevator & Electrical Corporation, New York, USA Thyssen Elevator Capital Corp., Whittier/California, USA Thyssen Lifts Pacific Pty. Ltd., Surry Hills, Australia ThyssenKrupp Elevator Canada Ltd., Toronto, Canada ThyssenKrupp Elevator Corp., Horn Lake/Mississippi, USA ThyssenKrupp Elevator Holding Corp., Whittier/California, USA ThyssenKrupp Elevator Manufacturing Inc., Collierville/Tennessee, USA ThyssenKrupp Northern Elevator Ltd., Scarborough/Ontario, Canada Other Countries Thyssen Elevators Co., Ltd., Zhongshan, PR China ThyssenKrupp Aufzüge Ltd., Nottingham, United Kingdom ThyssenKrupp Dongyang Elevator Co., Ltd., Seoul, South Corea ThyssenKrupp Elevator (Shanghai) Co., Ltd., Shanghai, PR China ThyssenKrupp Elevator Sp. z o.o., Warschau, Poland ThyssenKrupp Elevator UK Ltd., Nottingham, United Kingdom Won Co. Ltd., Chonan, South Corea Passenger Boarding Bridges ThyssenKrupp Airport Systems, S.A., Mieres/Oviedo, Spain ThyssenKrupp Airport Systems Inc., Fortworth/Texas, USA Accessibility ThyssenKrupp Access Corp., Kansas City/Missouri, USA ThyssenKrupp Accessibility B.V., Krimpen aan den Ijssel, Netherlands TECHNOLOGIES ThyssenKrupp Technologies AG, Essen Production Systems Cross Hueller, LLC, Sterling Heights/Michigan, USA Cross Hüller GmbH, Ludwigsburg Fadal Machining Center, LLC, Chatsworth/California, USA G & L USA LLC, Fond du Lac/Wisconsin, USA Gilman Engineering & Manufacturing Co. LLC, Janesville/Wisconsin, USA Hüller Hille GmbH, Essen Shareholding in % ·1 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 75.00 100.00 100.00 100.00 100.00 55.17 100.00 00.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Equity in million € ·2 18.2 341.6 6.8 65.4 166.7 251.2 111.5 105.8 21.2 32.2 65.1 11.9 0.9 31.5 (23.7) 11.6 (19.5) 7.2 12.6 1,024.5 20.9 24.6 110.1 242.1 52.9 4.0 Employees ·1 related to the parent company in the ThyssenKrupp Group ·2 local ·3 financial statement date December 31, 2003 ·4 financial statement date May 31, 2004 ·5 preconsolidated group ·6 short fiscal year Dec. 01, 2003 - Sept. 30, 2004 ·7 thereof 10.08% held by ThyssenKrupp Stahl AG 297 0 247 1,013 6,423 0 1,024 248 1,023 1,012 874 147 38 990 142 276 129 230 109 153 180 716 230 0 72 592 Industrie Automation S.A.S., Ensisheim, France Johann A. Krause Inc., Auburn Hills/Michigan, USA Johann A. Krause Maschinenfabrik GmbH, Bremen Nothelfer GmbH, Ravensburg ThyssenKrupp MetalCutting GmbH, Ludwigsburg Witzig & Frank GmbH, Offenburg Plant Technology Polysius AG, Münster Polysius Corp., Atlanta/Georgia, USA Polysius S.A.S., Aix en Provence, France ThyssenKrupp EnCoke GmbH, Dortmund ThyssenKrupp Fördertechnik GmbH, Essen ThyssenKrupp Industries India Pvt. Ltd., Pimpri, India Uhde GmbH, Dortmund Uhde India Ltd., Mumbai, India Uhde Inventa-Fischer GmbH & Co. KG, Berlin Marine Blohm + Voss GmbH, Hamburg Blohm + Voss Repair GmbH, Hamburg Nordseewerke GmbH, Emden ThyssenKrupp Werften GmbH, Hamburg Mechanical Engineering Advanced Turbine Components, Inc. (ATC), Winston-Salem/North Carolina, USA B+V Industrietechnik GmbH, Hamburg Berco S.p.A., Copparo, Italy Noske-Kaeser GmbH, Hamburg PSL a.s., Povazská Bystrica, Slovakia Rotek Incorporated, Aurora/Ohio, USA Rothe Erde GmbH, Dortmund ThyssenKrupp Defontaine S.A., Saint Herblain, France ThyssenKrupp Elastomertechnik GmbH, Hamburg ThyssenKrupp Turbinenkomponenten GmbH, Remscheid Xuzhou Rothe Erde Slewing Bearing Co., Ltd., Xuzhou, PR China Transrapid ThyssenKrupp Transrapid GmbH, Kassel SERVICES ThyssenKrupp Services AG, Duesseldorf Materials Services Europe Cadillac Plastic GmbH, Viernheim Dortmunder Eisenhandel Hansa GmbH, Dortmund Shareholding in % ·1 100.00 100.00 100.00 99.50 100.00 100.00 100.00 100.00 100.00 99.23 100.00 53.93 100.00 80.43 100.00 99.50 99.50 99.50 100.00 80.00 100.00 100.00 100.00 100.00 100.00 99.50 99.99 100.00 100.00 60.00 100.00 99.83 100.00 100.00 199 Additional information Major consolidated subsidiaries and equity interests Equity in million € ·2 5.5 18.2 8.9 10.6 62.0 9.5 13.9 7.3 30.5 34.0 61.3 25.3 90.1 8.4 5.8 33.2 7.7 12.8 56.0 6.3 25.7 78.2 5.6 25.1 22.2 25.6 25.9 5.1 5.1 15.5 2.8 676.1 6.2 14.6 Employees 186 236 1,179 1,588 0 274 956 49 157 11 710 848 1,551 623 82 1,050 455 1,450 0 139 641 2,833 339 614 305 1,479 913 591 375 875 215 4,178 250 128
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Future Technology. ThyssenKrupp Ann
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C/2 ThyssenKrupp in brief ThyssenKr
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I Letter to stockholders Your Thyss
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III Letter to stockholders What are
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03-22 To our stockholders 23-50 Bus
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04 0 To our stockholders In fall 20
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06 Executive Board and Supervisory
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08 Report by the Supervisory Board
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10 The Annual General Meeting re-el
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12 Dr. h.c. Friedel Neuber, member
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14 Executive Board compensation is
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16 Supervisory Board compensation i
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18 ThyssenKrupp stock Climbing more
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20 ThyssenKrupp stock is included i
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22 Our ir work won several awards.
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24 Business performance ThyssenKrup
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26 World crude steel production exc
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28 Order intake and sales improved
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30 Crude steel production at Thysse
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32 Market position in Asia signific
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34 Chemical and cement plant busine
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36 The contracts on the German ship
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38 The use of e-procurement reduced
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40 Our products and processes contr
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42 Steelmaking base in Duisburg mod
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44 All segments increased their ear
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46 distribution will be adjusted ac
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48 The boom on the steel market wil
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50 No supply bottlenecks are expect
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52 Our future potential ThyssenKrup
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54 The ThyssenKrupp Innovation Cont
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56 NewSteelBody attracting major in
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58 ThyssenKrupp moving walks are fa
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60 Zinc helps reinforced concrete l
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62 ThyssenKrupp supports Tongji Uni
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64 The best projects cover a broad
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66 Several university chairs are su
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68 More than 60,000 visitors made o
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70 Business areas and segments Thys
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72 Steel aims to defend its leading
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74 Automotive sees growth potential
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76 Exploiting cross-selling potenti
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78 The shipyards in Hamburg, Emden
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80 More than 125,000 articles avail
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82 Extensive improvement programs a
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84 How hard is it to turn TECHNOLOG
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86 Education Environment Knowledge
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88 1 Innovation. Materials Steel sh
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90 OFFERING PROTECTION The view thr
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92 PROMOTING EFFICIENCY Innovative
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94 2 SUSANNE SCHLEGEL, NOTHELFER In
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96 SIMPLIFYING PROCESSES Thanks to
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98 INCREASING COST EFFECTIVENESS WO
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100 3 Innovation. Communication Fir
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102 CREATING UNDERSTANDING From the
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104 UNLOCKING POTENTIAL Complex tec
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106 What idea do you have?
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108 Financial report Some people re
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110 The results of Stainless Steel
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112 compared to the previous year,
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114 The roce is compared to the wei
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116 The discontinued operations use
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118 Trade accounts payable increase
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120 summarized first by currency an
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122 The strongly export-dependent G
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124 In order to further lower the d
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126 Auditors’ Report We have audi
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128 ThyssenKrupp ag Consolidated Ba
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130 ThyssenKrupp ag Consolidated St
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132 Notes to the consolidated finan
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134 Research and development costs
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136 Accrued pension and similar obl
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138 actuarially equivalent to the b
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140 The final purchase price alloca
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142 In September 2004, the Steel se
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144 Due to the fact that the Group
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146 The following table reconciles
Page 160 and 161: 148 NOTES TO THE CONSOLIDATED BALAN
Page 162 and 163: 150 Consolidated Fixed Assets Sched
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Page 166 and 167: 154 The contractual maturities of d
Page 168 and 169: 156 Dividend proposal The Executive
Page 170 and 171: 158 million € Change in projected
Page 172 and 173: 160 in % The Group applied the foll
Page 174 and 175: 162 in % Weighted-average assumptio
Page 176 and 177: 164 Restructuring measures are bein
Page 178 and 179: 166 As of September 30, 2004, Thyss
Page 180 and 181: 168 The terms of these guarantees d
Page 182 and 183: 170 The intention of currency hedgi
Page 184 and 185: 172 The notional amounts of the der
Page 186 and 187: 174 30 Segment reporting According
Page 188 and 189: 176 Segment information by products
Page 190 and 191: 178 Segment information by geograph
Page 192 and 193: 180 OTHER INFORMATION 33 Earnings p
Page 194 and 195: 182 Inventory valuation Lower of co
Page 196 and 197: 184 Scope of consolidation Under Ar
Page 198 and 199: 186 3. OTHER DIRECTORSHIPS HELD BY
Page 200 and 201: 188 4. OTHER DIRECTORSHIPS HELD BY
Page 202 and 203: 190 5. WAIVE OF DISCLOSURE PURSUANT
Page 204 and 205: 192 ThyssenKrupp Federn GmbH Hagen
Page 206 and 207: 194 Additional information Any info
Page 208 and 209: 196 ThyssenKrupp Group Ecomomic val
Page 212 and 213: 200 Company (as of September 30, 20
Page 214 and 215: 202 Glossary A Average collection p
Page 216 and 217: 204 Contact/2005/2006 dates For mor
Page 219 and 220: Ideas are soon forgotten if you don
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