Engineering

3.6 Consolidated financial statements Notes to the consolidated financial statements
In addition, in fiscal year 2010/2011, the Executive Board members did
not receive any payments from share-based compensation
(2009/2010: 0).
As of September 30, 2010 and 2011, respectively, no loans or
advance payments were granted to members of the Executive Board;
also as in the previous year no contingencies were assumed for the
benefit of Executive Board members.
Compensation of the current Supervisory Board members is as follows:
Thousand €
Year ended
Sept. 30,
2010
Year ended
Sept. 30,
2011
Short-term benefits 1,774 1,788
Long-term benefits 0 0
In addition, members of the Supervisory Board of ThyssenKrupp AG
received compensation of €90 thousand in fiscal 2010/2011
(2009/2010: €80 thousand) for supervisory board mandates at Group
subsidiaries.
As of September 30, 2010 and 2011, respectively, no loans or
advance payments were granted to members of the Supervisory
Board; also as in the previous year no contingencies were assumed for
the benefit of Supervisory Board members.
For individualized presentation and further details of Executive and
Supervisory Board compensation refer to the presentation of the
audited compensation report which is part of the “Corporate
Governance” chapter of the annual report.
Compensation of former Executive and Supervisory Board
members
Total compensation paid to former members of the Executive Board
and their surviving dependants amounted to €14.6 million
(2009/2010: €14.5 million). Under IFRS an amount of €192.7 million
(2010: €190.6 million) is accrued for pension obligations benefiting
former Executive Board members and their surviving dependants.
Former Supervisory Board members who left the Supervisory Board
prior to October 01, 2010 did not receive any proportional payment
from the long-term compensation component in 2010/2011
(2009/2010: 0).
Consolidated financial statements
186 | 187
24 Segment reporting
Since the implementation of the new organizational structure as of
October 01, 2009, the Group is organized in the following eight
business areas that represent the Group’s activities within materials
and technologies. The business areas are in line with the internal
organizational and reporting structure and represent the segments in
accordance with IFRS 8. Prior year figures have been adjusted
accordingly.
Steel Europe
This business area brings together the premium flat carbon steel
activities, from intelligent material solutions to finished parts.
Steel Americas
This business area includes the production, processing and marketing
of high-quality steel products in North and South America. It contains
mainly the steelmaking and processing plants in Brazil and USA.
Materials Services
The business area activities comprise materials distribution, logistics
and services, and the provision of technical services. In addition to
rolled steel, stainless steel, tubes and pipes, nonferrous metals and
plastics, Materials Services also offers services from processing and
logistics to warehouse and inventory management through to supply
chain management. The business area offers technical and
infrastructure services in the areas of railway and construction
equipment, industrial plants and steel mills.
Elevator Technology
This business area is active in the construction, modernization and
servicing of elevators, escalators, moving walks, stair and platform lifts
as well as passenger boarding bridges. Alongside a full range of
installations for the volume market, the business area also delivers
customized solutions.
Plant Technology
This business area is a supplier of chemical plants, refineries, cement
plants, innovative solutions for the mining and handling of raw
materials and minerals, production systems and assembly lines for the
automotive industry.