2005-2006 Financial Statements and Management Report

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02 BUSINESS AREAS AND ORGANIZATIONAL STRUCTURE Capabilities, organizational structure and management responsibilities are key elements in the success of ThyssenKrupp. They are subject to continual review and adjusted where necessary to meet current requirements. Thus in summer 2006 the decision was made to integrate the Automotive operations in a reorganized Technologies segment. FROM 2008/2009, THE PARENT COMPANY WILL MOVE TO THE THYSSENKRUPP QUARTER IN ESSEN. CAPABILITIES ThyssenKrupp is a global group engaged in the areas of Steel, Capital Goods and Services. Our 188,000 employees in over 70 countries develop and supply innovative products and services for the challenges of the future. In all segments they provide high-quality solutions to people’s needs and customer requirements. Details of the capabilities of the segments can be found on pages 17-34. ORGANIZATIONAL STRUCTURE The ThyssenKrupp Group is run on a decentralized basis so that decisions are made as close to the market as possible. The segments, each led by segment holding companies, enjoy wide-ranging independence for all their market- and customer-oriented activities. The main tasks of ThyssenKrupp ag as Group parent include corporate strategy/portfolio management, risk management and central financing. Under its Articles of Association ThyssenKrupp ag is dual domiciled in Duisburg und Essen; most of its head office functions are located in Düsseldorf. From 2008/2009 the parent company is to relocate its offices to a new ThyssenKrupp Quarter being built in Essen. Details on the future Quarter can be found on pages 51-52. In addition, there are Group Representative Offices in Berlin and Brussels as well as at another 31 locations throughout the world. Company structure Parent ThyssenKrupp ag Segments Steel Stainless Automotive* Technologies Elevator Services * merged with Technologies since October 01, 2006 Corporate
FINANCIAL STATEMENTS AND MANAGEMENT REPORT Business areas and organizational structure Founded in 1999, ThyssenKrupp ag is a stock corporation (Aktiengesellschaft) under German law. The overview on pages 90-99 shows the main companies and equity interests owned directly or indirectly by ThyssenKrupp ag. Around 700 companies with over 2,300 production sites, offices and service bases all over the world make up the ThyssenKrupp Group, two thirds of them located outside Germany. Of the almost 1,200 locations worldwide at which ThyssenKrupp is represented, more than 200 are in Germany. The largest location is Duisburg, with almost 18,000 employees. One significant change in the organizational structure is the integration of the Automotive business into the Technologies segment effective October 01, 2006, which was resolved by the Supervisory Board of ThyssenKrupp ag on August 11, 2006. The merger of the two segments will combine important capital goods competencies and so improve our market positions. Details on this can be found in the Strategy section on pages 49-57. As the Automotive operations were still independent in 2005/2006 , they are shown as a segment in the reporting for the past year. In the future the Group will consist of the five segments Steel, Stainless, Technologies, Elevator, and Services, plus the Corporate area, mainly comprising the Group’s head office including intercompany services. MANAGEMENT RESPONSIBILITIES IN THE GROUP Like the organizational structure, the Group’s management structure is continually reviewed and optimized. Since the merger we have always followed the principle that the chief executives of the segments and the executive officers responsible for corporate functions should be represented on an equal footing on the Executive Board of ThyssenKrupp ag. At the same time, the Executive Board organizational chart specifies which Executive Board members are responsible for individual world regions. The chief executives of the segments which have the strongest commercial involvement in a region take responsibility for that region in addition to their responsibility for segment operations. At all management levels our goal is to recruit the top people for the best businesses and the most important functions. We aim to achieve a productive mix of internal and external, young and experienced, German and international managers. Young executives are systematically trained to take on senior roles. AN EXECUTIVE BOARD MEMBER IS RESPONSIBLE FOR EACH WORLD REGION. 03
Page 1: 2005 - 2006 Financial Statements an
Page 6 and 7: 04 OVERVIEW OF THE COURSE OF BUSINE
Page 8 and 9: 06 NICKEL ALLOYS AND TITANIUM MILL
Page 10 and 11: 08 THYSSENKRUPP ACHIEVED A SIGNIFIC
Page 12 and 13: 10 €489 MILLION OF UNAPPROPRIATED
Page 14 and 15: 12 INVESTMENTS IN GROWTH AREAS STRE
Page 16 and 17: 14 FUEL PRICE INCREASES PUSHED UP T
Page 18 and 19: 16 WE HAVE DEVELOPED A PLANT FOR CO
Page 20 and 21: 18 STEEL ACHIEVED A PROFIT OF €1.
Page 22 and 23: 20 A STRONG MARKET REVIVAL AND INNO
Page 24 and 25: 22 IN MEXICO, HIGH-VALUE PRODUCTS A
Page 26 and 27: 24 AUTOMOTIVE CONTINUED ITS PORTFOL
Page 28 and 29: 26 TECHNOLOGIES ENJOYS SUCCESS ON T
Page 30 and 31: 28 THE LARGEST LATHE IN NORTHERN EU
Page 32 and 33: 30 ACQUISITIONS IN THE USA, ASIA AN
Page 34 and 35: 32 SERVICES ALMOST DOUBLED ITS PROF
Page 36 and 37: 34 CORPORATE INCLUDES VARIOUS SERVI
Page 38 and 39: 36 OUR CONTROL SYSTEM FOR LASER WEL
Page 40 and 41: 38 TO DATE, ALMOST 300 PROJECTS HAV
Page 42 and 43: 40 OCCUPATIONAL SAFETY HAS IMPROVED
Page 44 and 45: 42 OUR EXECUTIVE POLICY IS BASED ON
Page 46 and 47: 44 FINANCIAL POSITION The Group’s
Page 48 and 49: 46 INTANGIBLE ASSETS INCLUDE GOODWI
Page 50 and 51: 48 THE THYSSENKRUPP BRAND WAS FURTH
Page 52 and 53: 50 WE HAVE SEVERAL STRATEGIC OPTION
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52 OUR INTEGRATED CONTROL CONCEPT S
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54 GROWTH, EFFICIENCY AND OPTIMIZAT
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56 OVER 60% OF BEST PROJECTS TAKE P
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58 COMPENSATION REPORT THE BONUS AM
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60 THE LTMI EXPIRED WITH PAYMENT OF
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62 THE SECURITY OF THE INFORMATION
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64 THE AREAS OF ACTIVITY OF THE SEG
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66 THE RISKS TO THE THYSSENKRUPP GR
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68 VEHICLE PRODUCTION REMAINS A GLO
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70 THE NUMBER OF EMPLOYEES WILL RIS
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72 BALANCE SHEET Assets million €
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74 NOTES GENERAL ThyssenKrupp ag is
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76 FIXED ASSETS SCHEDULE in million
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78 Disclosures on the volume of tre
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80 million € Bonds Liabilities to
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82 Foreign currency derivatives The
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84 22 TAXES ON INCOME Taxes on inco
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86 AUDITORS’ REPORT We have audit
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88 SUPERVISORY BOARD PROF. DR. H.C.
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90 LIST OF EQUITY INTERESTS Compani
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92 Companies (As of September 30, 2
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100 CONTACT/2007/2008 DATES For mor
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2005-2006 Financial Statements and Management Report

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