Download - Salzgitter AG

Notes to the Income Statement
(1) Sales
in T€
Breakdown according to product categories
FY 2007 FY 2006
Flat rolled products 4,184,559 3,825,144
Sections 1,444,258 1,049,496
Pipes 2,699,361 2,400,804
Other 1,864,081 1,171,769
Breakdown according to regions
10,192,259 8,447,213
Domestic 4,902,587 3,983,919
Other EU 2,203,121 1,929,467
Other Europe 581,973 228,529
America 938,447 977,270
Other 1,566,131 1,328,028
10,192,259 8,447,213
The breakdown of sales includes an additional presentation by product category which does not
correspond to segment reporting.
Sales include revenues from contract production recognized in accordance with the percentage-ofcompletion
method amounting to € 351.5 million.
(2) Increase or Decrease in Finished Goods and Work in Progress and Other Own Work Capitalized
in T€
Changes in the inventory of finished goods
FY 2007 FY 2006
and work in process 207,173 7,646
Other own work capitalized 6,746 3,998
213,919 11,644
In comparison with the previous year, finished goods and work in process increased significantly. This
increase is attributable to a rise in both volumes and assortment. In the Steel Division, roughed slabs
were deliberately stockpiled at the end of the financial year in order to bridge over a planned blast
furnace relining in the financial year 2008. In the Tubes Division, raw material price hikes led to an
increase in work in process.