Annual Report 2003 2004

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60 Zinc helps reinforced concrete last longer. New Transrapid We are currently in the process of adapting the Transrapid vehicle to the specific requirements of airport links. A new three-section vehicle currently being developed and built will offer high comfort and low-cost operation and meet the high demands of public transit systems. Protection against corrosion The development engineers in the Services segment have come up with a new idea to protect reinforced concrete buildings from corrosion by utilizing the protective effect of zinc sprayed onto the outside of the concrete. This zinc coating is connected with the reinforcements inside the concrete by stainless steel pins. As a result, corrosion no longer attacks the steel inside the concrete but the zinc coating outside which acts as a sacrificial anode. The method has already been used to refurbish a concrete facade in Frankfurt. Depending on concrete structure, climate and coating thickness, buildings can be protected for over 20 years.
People at ThyssenKrupp Around 184,000 employees in over 70 countries on all five continents are the face of ThyssenKrupp to our customers and partners. The sum of their individual achievements is what makes the Group successful. Training and company pension plans, fair compensation and employee shares are therefore key to the future of the Group. This is also true of our collaboration with universities with which we aim to attract young talent to ThyssenKrupp. Strong commitment to training At September 30, 2004 a total of 4,476 young people were learning one of 70 occupations offered by ThyssenKrupp in Germany. Compared with the previous year, we raised our apprenticeship training rate from 5.2% to 5.3%. The occupations industrial mechanic, energy electronics specialist and mechatronics specialist accounted for the highest share of apprenticeships, together making up 46% of the total. The choice of apprenticeships on offer ranges from industrial mechanics, it electronics specialists and clerical occupations to traditional steel industry jobs. But we also have apprentices training to be chefs, roofers and inland boatmen. As part of the 2003 ThyssenKrupp training initiative, we created over 70 additional apprenticeships to offer young people the chance to enter the job market and improve their future prospects. ThyssenKrupp's initiative was thus introduced a year earlier than the training pact agreed between government and industry. But we are also participating in the training pact: with over 150 new apprenticeships and initial training placements ThyssenKrupp has made a further contribution toward improving the training opportunities for young people in Germany. We thus remain true to our traditions and continue to train well in excess of our own needs. We see this as a responsibility to society which we are glad to fulfill. Further developments in company pensions We continued to pursue our company pension strategy, focusing on two goals: We wish to convert existing schemes from defined-benefit to defined-contribution plans and from annuity to lump sum payments. To ensure that the new plans are available not just to new employees but also to those who have been with the Group for years, many subsidiaries have already offered their employees individual changeover options. This allows long-serving employees to increase their benefits through personal contributions, which automatically lead to additional employer contributions, in a defined-contribution plan. One out of two employees now shareholders A campaign entitled "Like 50% for free? Get a share of the future!" was launched at the beginning of 2004 under which our employees in Germany could purchase ThyssenKrupp shares at special rates. By utilizing tax advantages, shares worth up to €270 were available at half price, i.e. for up to €135. With this new issue of the employee share program we wish above all to allow employees to share in the Group's success. In addition, we hope the campaign will encourage employees to identify more strongly with their company and with the ThyssenKrupp Group as a whole, promote the shareholder culture in the workforce and last but not least enhance the Group's attractiveness as an employer. 61 Our future potential Research and development/ People at ThyssenKrupp Employee shares were again offered at a low price.
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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
Page 22 and 23: 10 The Annual General Meeting re-el
Page 24 and 25: 12 Dr. h.c. Friedel Neuber, member
Page 26 and 27: 14 Executive Board compensation is
Page 28 and 29: 16 Supervisory Board compensation i
Page 30 and 31: 18 ThyssenKrupp stock Climbing more
Page 32 and 33: 20 ThyssenKrupp stock is included i
Page 34 and 35: 22 Our ir work won several awards.
Page 36 and 37: 24 Business performance ThyssenKrup
Page 38 and 39: 26 World crude steel production exc
Page 40 and 41: 28 Order intake and sales improved
Page 42 and 43: 30 Crude steel production at Thysse
Page 44 and 45: 32 Market position in Asia signific
Page 46 and 47: 34 Chemical and cement plant busine
Page 48 and 49: 36 The contracts on the German ship
Page 50 and 51: 38 The use of e-procurement reduced
Page 52 and 53: 40 Our products and processes contr
Page 54 and 55: 42 Steelmaking base in Duisburg mod
Page 56 and 57: 44 All segments increased their ear
Page 58 and 59: 46 distribution will be adjusted ac
Page 60 and 61: 48 The boom on the steel market wil
Page 62 and 63: 50 No supply bottlenecks are expect
Page 64 and 65: 52 Our future potential ThyssenKrup
Page 66 and 67: 54 The ThyssenKrupp Innovation Cont
Page 68 and 69: 56 NewSteelBody attracting major in
Page 70 and 71: 58 ThyssenKrupp moving walks are fa
Page 74 and 75: 62 ThyssenKrupp supports Tongji Uni
Page 76 and 77: 64 The best projects cover a broad
Page 78 and 79: 66 Several university chairs are su
Page 80 and 81: 68 More than 60,000 visitors made o
Page 82 and 83: 70 Business areas and segments Thys
Page 84 and 85: 72 Steel aims to defend its leading
Page 86 and 87: 74 Automotive sees growth potential
Page 88 and 89: 76 Exploiting cross-selling potenti
Page 90 and 91: 78 The shipyards in Hamburg, Emden
Page 92 and 93: 80 More than 125,000 articles avail
Page 94 and 95: 82 Extensive improvement programs a
Page 96 and 97: 84 How hard is it to turn TECHNOLOG
Page 98 and 99: 86 Education Environment Knowledge
Page 100 and 101: 88 1 Innovation. Materials Steel sh
Page 102 and 103: 90 OFFERING PROTECTION The view thr
Page 104 and 105: 92 PROMOTING EFFICIENCY Innovative
Page 106 and 107: 94 2 SUSANNE SCHLEGEL, NOTHELFER In
Page 108 and 109: 96 SIMPLIFYING PROCESSES Thanks to
Page 110 and 111: 98 INCREASING COST EFFECTIVENESS WO
Page 112 and 113: 100 3 Innovation. Communication Fir
Page 114 and 115: 102 CREATING UNDERSTANDING From the
Page 116 and 117: 104 UNLOCKING POTENTIAL Complex tec
Page 118 and 119: 106 What idea do you have?
Page 120 and 121: 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
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148 NOTES TO THE CONSOLIDATED BALAN
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150 Consolidated Fixed Assets Sched
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152 11 Operating lease as lessor Th
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154 The contractual maturities of d
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156 Dividend proposal The Executive
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158 million € Change in projected
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160 in % The Group applied the foll
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162 in % Weighted-average assumptio
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164 Restructuring measures are bein
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166 As of September 30, 2004, Thyss
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168 The terms of these guarantees d
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170 The intention of currency hedgi
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172 The notional amounts of the der
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174 30 Segment reporting According
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176 Segment information by products
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178 Segment information by geograph
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180 OTHER INFORMATION 33 Earnings p
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182 Inventory valuation Lower of co
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184 Scope of consolidation Under Ar
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186 3. OTHER DIRECTORSHIPS HELD BY
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188 4. OTHER DIRECTORSHIPS HELD BY
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190 5. WAIVE OF DISCLOSURE PURSUANT
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192 ThyssenKrupp Federn GmbH Hagen
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194 Additional information Any info
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196 ThyssenKrupp Group Ecomomic val
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198 Company (as of September 30, 20
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200 Company (as of September 30, 20
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202 Glossary A Average collection p
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204 Contact/2005/2006 dates For mor
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Ideas are soon forgotten if you don
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Annual Report 2003 2004

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