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B Consolidated Annual Financial Statements/Notes V. Notes to the Consolidated Financial Statements of Salzgitter AG 282 283 (45) Notes on Segment Reporting In its segment reporting, the Salzgitter Group is prematurely applying IFRS 8 (“Operating Segments”), which was adopted by the European Union in November 2007 and will replace the currently valid provisions of IAS 14 as from January 1, 2009. The segmentation of the Salzgitter Group into five (2006: four) divisions accords with the Group’s internal controlling and reporting functions. In the segment report, the business activities of the Salzgitter Group are assigned to the Steel, Trading, Tubes and Services Divisions and, since the acquisition of the mechanical engineering group Klöckner in July 2007, the new Technology Division. Salzgitter AG as the management holding company and the intermediate holding company Salzgitter Mannesmann GmbH are not assigned to any division. The operating steel companies Salzgitter Flachstahl GmbH, Peiner Träger GmbH and Ilsenburger Grobblech GmbH belong to the Steel Division via the intermediate holding company Salzgitter Stahl GmbH. The Division’s main products are steel strip, sections and plate. HSP Hoesch Spundwand und Profil GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and ThyssenKrupp GfT Bautechnik GmbH, which is valued at equity, continue to be assigned to this division. The Tubes Division includes the fully consolidated units Mannesmannröhren-Werke GmbH, Mannesmannröhren Mülheim GmbH, Mannesmann Präzisrohr GmbH, Mannesmann Robur B.V., Mannesmann Fuchs Rohr GmbH, Salzgitter Großrohre GmbH, the DMV Group and, for the first time, the newly acquired or first-time consolidated Salzgitter companies Salzgitter Mannesmann Precision GmbH (formerly Mannesmannring Sachsen GmbH), Mannesmannrohr Sachsen GmbH and Vallourec Précision Etirage S.A.S. This division concentrates mainly on the production of pipeline tubes, precision steel tubes and stainless steel steel tubes. This division also includes the joint venture Europipe GmbH (including the subsidiaries Europipe France S.A., eb Pipe Coatings Corporation, Berg Steel Pipe Corporation and MÜLHEIM PIPECOATINGS GmbH), which is included proportionately in the consolidated financial statements. Hüttenwerke Krupp Mannesmann GmbH is assigned to this business segment as an associated company using the equity method. The Trading Division consists of four domestic and five foreign companies in the Salzgitter Mannesmann Handel Group, Universal Eisen und Stahl GmbH, Hövelmann & Lueg GmbH and Flachform Stahl GmbH. This segment also includes the non-consolidated companies in the Salzgitter Mannesmann Handel Group and the Universal Handel Group. Consolidated Annual Financial Statements
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Annual Report 2007 Financial Year f
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1) 2006 included in “Other region
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Highlights of the Financial Year 20
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Contents The Salzgitter Group 5 Key
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Preface by the Executive Board Ladi
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The financial year 2007 was another
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Report of the Supervisory Board The
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Alongside the extensive investment
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Corporate Governance Report Corpora
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In order to prepare its decisions,
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Transparency To ensure that shareho
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What does it feel like to steer 100
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A Group Management Report and Manag
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94.9% 94.9% 51.0% 94.8% A Group Man
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1) Including amounts provisioned fo
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1) The amounts presuppose that the
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“I wish I could also sleep in it.
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3. Management and Control of the Co
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Groupwide Investment Volume 1996/19
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The Group’s excellent performance
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Management and Control Instruments
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in € mil. FY 2007 FY 2006 EBT 1,3
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Can a sports facility lend wings to
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“For a whole year we really did e
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“We could only imagine making the
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Sources: XETRA closing prices, DBAG
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1) All data as per December 31 2) C
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“At first I had no idea what it w
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R&D expenses by Division Steel 47%
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Continuous strip casting Together w
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Steel Division environmental expens
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Core workforce 1998 Steel 10,471 Tr
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Generation campaign A Group operati
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4. Earnings Steel Trading Tubes Ser
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5. The Divisions As the management
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Steel Division Shipments 0 1,000 2,
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1) Excluding intercompany deliverie
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SMHD Group made the major contribut
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Tubes Division The companies belong
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capacity utilization throughout the
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Services Division The companies bel
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1) Sales in own segment and in othe
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Sales in the Technology Division in
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How does steel serve science? What
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“Our motto is ‘I discover.’
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“For a long-span roof constructio
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6. Profitability Improvement Progra
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“They just loved the experiments.
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7. Financial Position Financial Man
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8. Net Assets The total assets of o
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1) Including intangible assets 2) I
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Disclosures pursuant to Sections 28
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10. General Statement on the Econom
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2. Individual Risks Environment and
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Financial Risks A Group Management
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GDP Germany: Forecast Range 2008/20
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Power Plant Capacity Trend GW 8,000
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4. Anticipated Financial Position W
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6. Overall Statement on the Perform
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Why is it worth listening to what a
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“We listen to the bridge - 24 hou
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B Consolidated Annual Financial Sta
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II. Consolidated Balance Sheet Asse
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IV. Cash Flow Statement (43) Cash F
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Page 230 and 231: B Consolidated Annual Financial Sta
Page 292 and 293: BMB Tubes Division Borusan Mannesma
Page 294 and 295: D Debt Provisions, liabilities and
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Page 298 and 299: C Further Information II. Glossary
Page 300 and 301: C Further Information II. Glossary
Page 302 and 303: C Further Information III. Financia
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