ANNUAL REPORT 2004 - ELMOS Semiconductor AG

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MANAGEMENT BOARD ELMOS – THE COMPANY THE ELMOS SHARE CORPORATE GOVERNANCE 96 Total sales with other than affiliated companies divided into geographic regions de- veloped in the fiscal years 2004 and 2003 as follows: As of December 31, 2004 assets recognized at the subsidiaries abroad came to 36,961 thousand Euro in the Netherlands, 28,655 thousand Euro in the U.S., and 10,243 thousand Euro in other EU countries. Assets in Germany amounted to 143,922 thousand Euro. 13. EMPLOYEES In the fiscal year 2004 the average number of employees in the Group was 928 (2003: 874). 2004 Thousand Euro 2003 Thousand Euro Germany 76,864 67,290 EU Countries 36,736 29,389 U.S.A. 19,355 17,921 Others 10,354 6,795 Total 143,309 121,395
GROUP STATUS REPORT FINANCIAL STATEMENTS GROUP STRUCTURE GLOSSARY Financial statements ÿ Notes Auditor’s certificate 14. INTANGIBLE ASSETS On June 29, 2001 the U.S. Financial Accounting Standards Board issued Statements No. 141, “Business Combinations”, and No. 142, “Goodwill and Other Intangible As- sets”. Statement No. 141 changes the criteria to recognize intangible assets apart from goodwill. Under statement No. 142 goodwill and indefinite lived intangible assets are no longer amortized but reviewed annually, or more frequently if impairment indica- tors arise, with regard to the necessity of extraordinary depreciation. The company applied these statements over the fiscal year ended December 31, 2004. Adoption of these statements resulted in goodwill not being amortized. In addition an impairment review was carried out in 2004 not showing a need for depreciation. The company states goodwill of 8,314,399 Euro as of December 31, 2004 and 7,622,344 Euro as of December 31, 2003. 15. ACQUISITIONS European Semiconductor Assembly (eurasem) B.V. On January 8, 2001 the company acquired an interest of 95.84 percent or rather 8,658,365 shares of European Semiconductor Assembly (eurasem) B.V., an assembler of semiconductors based in Nijmegen, Netherlands. eurasem acquired the remaining free-floating interest of 2.66 percent in 2003 and 1.5 percent in 2004 and transferred this interest to the company. The total purchase price for the 100 percent interest was twelve million Dutch Guilders (5.45 million Euro). Financial statements and balance sheet of eurasem were included in the company’s consolidated financial statements as of December 31, 2001. The company included the full twelve months’ business ac- tivity of eurasem in its income statement. The acquisition resulted in goodwill of 137 thousand Euro as a consequence of the takeover of the remaining minority share in 2004. elmos annual report 2004 97
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ANNUAL REPORT 2004
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Five-year overview ELMOS Group acco
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ÿ Chronicle 2004 1 ST QUARTER 2 ND
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ÿ Table of contents MANAGEMENT BOA
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MANAGEMENT BOARD ELMOS - THE COMPAN
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ELMOS IS A PART OF YOUR CAR’S FUT
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ELMOS NETWORKS YOUR CAR EFFECTIVELY
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GROUP STATUS REPORT FINANCIAL STATE
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ELMOS ASSISTS YOUR DRIVING At night
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ELMOS ASSISTS YOUR DRIVING Innovati
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ELMOS CONNECTS ELECTRONICS WITH MEC
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ANNUAL REPORT 2004 - ELMOS Semiconductor AG

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