ANNUAL REPORT 2004 - ELMOS Semiconductor AG

More documents

Recommendations

Info

MANAGEMENT BOARD ELMOS – THE COMPANY THE ELMOS SHARE CORPORATE GOVERNANCE 76 Consolidated statement of changes in shareholders’ equity according to US-GAAP Shares Share capital Euro Paid-in capital Euro Accumulated other comprehensive income / loss Euro Retained earnings Euro Balance as of December 31, 2002 19,300,000 19,300,000 84,615,844 – 10,734,523 19,259,765 112,441,086 Net income 10,015,622 10,015,622 Share option expense 100,800 100,800 Change in unrealized gains on marketable securities after taxes 3,203,498 3,203,498 Foreign currency adjustments – 1,082,404 – 1,082,404 Balance as of December 31, 2003 19,300,000 19,300,000 84,716,644 – 8,613,429 29,275,387 124,678,602 Net income 16,308,500 16,308,500 Dividends paid – 2,509,000 – 2,509,000 Share option expense 201,600 201,600 Change in unrealized gains on marketable securities after taxes – 985,515 – 985,515 Foreign currency adjustments – 1,482,456 – 1,482,456 Balance as of December 31, 2004 19,300,000 19,300,000 84,918,244 – 11,081,400 43,074,887 136,211,731 See notes to consolidated financial statements Total Euro
GROUP STATUS REPORT FINANCIAL STATEMENTS GROUP STRUCTURE GLOSSARY ÿ Financial statements ÿ Notes Auditor’s certificate ÿ Notes to consolidated financial statements 1. ORGANIZATION OF BUSINESS ELMOS Semiconductor Aktiengesellschaft (“the company” or “ELMOS”) develops, produces, and sells Application Specific Integrated Circuits (ASICs). The company has sales subsidiaries in France, the United States of America, and the Netherlands and cooperates with other German companies with regard to the development and pro- duction of ASIC chips. The company’s fiscal year is the calendar year. 2. SIGNIFICANT ACCOUNTING POLICIES AND VALUATION METHODS Basis of consolidated financial statements The consolidated financial statements at hand have been prepared in accordance with accounting principles generally accepted in the United States (US-GAAP). The company maintains its financial records in Euro in accordance with the German Com- mercial Code (HGB), which represents generally accepted accounting principles in Germany (German GAAP). German GAAP varies in certain aspects from US-GAAP. The company has carried out all adjustments made necessary by the presentation of the consolidated financial statements in accordance with US-GAAP. The preparation of consolidated financial statements in compliance with generally accepted accounting principles requires the management to make estimates and as- sumptions that affect the disclosures in the consolidated financial statements and accompanying notes. Actual results can differ from those estimates and assump- tions. In 2004 the Financial Accounting Standards Board (FASB) published new standards of accounting which could have an influence on the next consolidated financial statements: The FASB published SFAS 123, “Share-Based Payment”, in a revised version in Decem- ber 2004. It replaces the FASB Statement No. 123, “Accounting for Stock-Based Com- pensation”, abolishes APB Opinion No. 25, “Accounting for Stock Issued to Employees”, and adjusts the FASB Statement No. 95, “Statement of Cash Flows”. elmos annual report 2004 77
Page 1:
ANNUAL REPORT 2004
Page 4 and 5:
Five-year overview ELMOS Group acco
Page 6 and 7:
ÿ Chronicle 2004 1 ST QUARTER 2 ND
Page 8 and 9:
ÿ Table of contents MANAGEMENT BOA
Page 10 and 11:
MANAGEMENT BOARD ELMOS - THE COMPAN
Page 12 and 13:
Page 14 and 15:
ELMOS IS A PART OF YOUR CAR’S FUT
Page 16 and 17:
Page 18 and 19:
Page 20:
ELMOS NETWORKS YOUR CAR EFFECTIVELY
Page 23 and 24:
1 2 1 1 3
Page 25 and 26:
7 12 11 13 1 4 8 5 10 2 6 1 1 3 9
Page 27 and 28:
GROUP STATUS REPORT FINANCIAL STATE
Page 29 and 30:
Page 31 and 32:
Page 34 and 35:
ELMOS ASSISTS YOUR DRIVING At night
Page 36 and 37:
ELMOS ASSISTS YOUR DRIVING Innovati
Page 38 and 39:
Page 40 and 41:
Page 42 and 43: MANAGEMENT BOARD ELMOS - THE COMPAN
Page 44: ELMOS CONNECTS ELECTRONICS WITH MEC
Page 47 and 48: 1 2 3 4 5 6
Page 49 and 50: 1 10 2 11 9 12 3 4 5 8 6 7
Page 51 and 52: GROUP STATUS REPORT FINANCIAL STATE
Page 87 and 88: CONSOLIDATED FINANCIAL STATEMENTS F
Page 91: GROUP STATUS REPORT FINANCIAL STATE
Page 129: FINANCIAL CALENDAR Press conference
show all

ANNUAL REPORT 2004 - ELMOS Semiconductor AG

Create successful ePaper yourself

Delete template?

Save as template?