2005-2006 Financial Statements and Management Report

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80 million € Bonds Liabilities to financial institutions Liabilities to affiliated companies Third-party advance payments received Trade accounts payable Liabilities to companies in which investments are held Miscellaneous liabilities amount thereof for taxes amount thereof for social security Other liabilities 11 DEFERRED INCOME Other equity and liabilities relate to deferred income for rental income in the next accounting period. 12 CONTINGENCIES million € Guarantees Other liabilities Sep. 30, 2005 1,500.0 525.7 14,636.7 5.5 11.4 7.6 136.1 19.0 In addition, ThyssenKrupp ag is jointly and severally liable pursuant to § 133 UmwG in relation to the transfer-on of liabilities of the former Thyssen Industrie ag, the former Thyssen Handelsunion ag and the former Westdeutsche Assekuranz-Kontor GmbH. In accordance with the general Group agreement, ThyssenKrupp ag will meet all vested rights of employees in the event of the 0.0 160.6 within 1 year 0.0 22.5 13,632.0 5.5 11.4 4.5 136.1 Sep. 30, 2005 5,451.5 1,019.7 Maturity more than 1 up to 5 years 0.0 503.2 1,004.7 Sep. 30, 2006 8,212.4 989.2 0.0 0.0 3.1 0.0 more than 5 years 1,500.0 0.0 0.0 0.0 0.0 0.0 0.0 Sep. 30, 2006 1,500.0 501.8 13,261.0 3.9 9.4 8.2 264.8 83.0 0.0 286.3 within 1 year more than 1 up to 5 years 750.0 331.3 1,004.7 0.0 0.0 0.0 38.1 insolvency of a Group subsidiary insofar as the employee rights are not otherwise secured. From the transfer of businesses and internal transfer of pension obligations to ThyssenKrupp Präzisionsschmiede GmbH, ThyssenKrupp EnCoke GmbH, Thyssen Umformtechnik GmbH, ThyssenKrupp Industrieservice Holding GmbH, Thyssen Stahl GmbH, ThyssenKrupp Automotive ag, SIG Beverages Germany GmbH, Krupp Industrietechnik GmbH, Atlas Copco Construction Tools GmbH, Westend Druckereibetriebe GmbH, Hoesch Hohenlimburg GmbH, Rothe Erde GmbH, ThyssenKrupp Federn GmbH and Dortmunder Eisenhandel Hansa GmbH, ThyssenKrupp ag is liable for pension obligations with a current value of €987.4 million (previous year €1,017.4 million). The companies in question have made sufficient provisions in their balance sheets to meet the pension payments. ThyssenKrupp ag transferred pension obligations to ThyssenKrupp Dienstleistungen GmbH which declared that it will meet these obligations and thus indemnify the Company from claims arising out of or in connection with obligations in an internal relationship. 0.0 170.5 12,256.3 3.9 9.4 8.2 226.3 Maturity more than 5 years 750.0 0.0 0.0 0.0 0.0 0.0 0.0
ThyssenKrupp Dienstleistungen GmbH received an appropriate compensation for this, which will be adjusted in the event of major changes to the main assumptions underlying the calculation. A corresponding adjustment was made in the year under review. 13 OTHER FINANCIAL OBLIGATIONS AND OTHER RISKS Obligations from rental and lease agreements are due in the coming fiscal years as follows: million € 2006/2007 2007/2008 2008/2009 11.9 9.3 4.9 A liability obligation in the amount of €2.8 million (previous year €2.8 million) exists vis-à-vis Technische Gase Hoesch Messer Griesheim GmbH & Co. KG. On October 11, 2005, the European Commission announced the initiation of administrative fine proceedings against companies in the elevator and escalator industry. This has also affected some European companies of the ThyssenKrupp Group. Prior to the initiation of the administrative fine proceedings, the European Commission had conducted pre-investigations at the beginning of 2004. As part of these pre-investigations, several revisions were carried out at the four major elevator manufacturers in the European Union and at the corresponding associations. Subject of the administrative fine proceedings is the allegation that the respective companies are accused of having violated the European antitrust law in connection with the manufacturing and servicing million € Foreign currency forward contracts Currency options Foreign currency derivatives Cross-currency swaps Interest-rate swaps Interest rate derivatives Commodity forward transactions Commodity derivatives Total FINANCIAL STATEMENTS AND MANAGEMENT REPORT Notes 81 of elevators and escalators as well as the selling of the respective spare parts in certain member states of the European Union. ThyssenKrupp is cooperating with the antitrust authorities. The eu Commission has not yet declared the amount of any possible administrative fine and therefore ThyssenKrupp is not yet able to estimate the financial consequences of the administrative fine proceedings. On January 26, 2006 ThyssenKrupp ag signed an agreement with Mittal Steel Company n.v. under which ThyssenKrupp undertakes to purchase up to 100% of the shares in Dofasco in the event that Mittal acquires Arcelor. This can lead to an obligation of up to €4.0 billion. 14 DERIVATIVE FINANCIAL INSTRUMENTS In connection with the management of currency, interest-rate and commodity price risks, ThyssenKrupp ag uses derivative financial instruments. The values of these derivative financial instruments are as follows: Derivative financial instruments and the corresponding underlying transactions can be treated as a single valuation unit if evidence of a clear hedge relationship can be provided. In these cases the underlying transactions are recognized at the contractually agreed hedge rates and the derivative financial instruments are not reported separately. ThyssenKrupp ag only uses derivative financial instruments matched directly to hedged transactions. ThyssenKrupp ag therefore has no reportable risks, because any negative fair values applicable to derivative financial instruments are set against positive developments in the associated underlying transactions. The following methods are used to determine the fair value: Nominal value Sep. 30, 2005 953.1 — 953.1 750.0 35.8 785.8 — — 1,738.9 Fair value 1.1 — 1.1 (72.2) (2.5) (74.7) — — (73.6) Nominal value Sep. 30, 2006 193.8 28.0 221.8 750.0 35.8 785.8 22.4 22.4 1,030.0 Fair value (8.4) (0.8) (9.2) (48.3) (1.1) (49.4) 1.4 1.4 (57.2)
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2005 - 2006 Financial Statements an
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02 BUSINESS AREAS AND ORGANIZATIONA
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04 OVERVIEW OF THE COURSE OF BUSINE
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06 NICKEL ALLOYS AND TITANIUM MILL
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08 THYSSENKRUPP ACHIEVED A SIGNIFIC
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10 €489 MILLION OF UNAPPROPRIATED
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12 INVESTMENTS IN GROWTH AREAS STRE
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14 FUEL PRICE INCREASES PUSHED UP T
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16 WE HAVE DEVELOPED A PLANT FOR CO
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18 STEEL ACHIEVED A PROFIT OF €1.
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20 A STRONG MARKET REVIVAL AND INNO
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22 IN MEXICO, HIGH-VALUE PRODUCTS A
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24 AUTOMOTIVE CONTINUED ITS PORTFOL
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26 TECHNOLOGIES ENJOYS SUCCESS ON T
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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
Page 54 and 55: 52 OUR INTEGRATED CONTROL CONCEPT S
Page 56 and 57: 54 GROWTH, EFFICIENCY AND OPTIMIZAT
Page 58 and 59: 56 OVER 60% OF BEST PROJECTS TAKE P
Page 60 and 61: 58 COMPENSATION REPORT THE BONUS AM
Page 62 and 63: 60 THE LTMI EXPIRED WITH PAYMENT OF
Page 64 and 65: 62 THE SECURITY OF THE INFORMATION
Page 66 and 67: 64 THE AREAS OF ACTIVITY OF THE SEG
Page 68 and 69: 66 THE RISKS TO THE THYSSENKRUPP GR
Page 70 and 71: 68 VEHICLE PRODUCTION REMAINS A GLO
Page 72 and 73: 70 THE NUMBER OF EMPLOYEES WILL RIS
Page 74 and 75: 72 BALANCE SHEET Assets million €
Page 76 and 77: 74 NOTES GENERAL ThyssenKrupp ag is
Page 78 and 79: 76 FIXED ASSETS SCHEDULE in million
Page 80 and 81: 78 Disclosures on the volume of tre
Page 84 and 85: 82 Foreign currency derivatives The
Page 86 and 87: 84 22 TAXES ON INCOME Taxes on inco
Page 88 and 89: 86 AUDITORS’ REPORT We have audit
Page 90 and 91: 88 SUPERVISORY BOARD PROF. DR. H.C.
Page 92 and 93: 90 LIST OF EQUITY INTERESTS Compani
Page 94 and 95: 92 Companies (As of September 30, 2
Page 102: 100 CONTACT/2007/2008 DATES For mor
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2005-2006 Financial Statements and Management Report

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