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3.6 Consolidated financial statements Notes to the consolidated financial statements 3.6 Consolidated financial statements Notes to the consolidated financial statements The annual average number of employees is as follows: Year ended Sept. 30, 2010 Year ended Sept. 30, 2011 Steel Europe 34,923 32,635 Steel Americas 2,434 3,787 Materials Services 34,370 35,059 Elevator Technology 43,062 45,180 Plant Technology 12,975 13,135 Components Technology 28,368 30,380 Marine Systems 6,910 5,387 Stainless Global 11,341 11,306 Corporate 2,455 2,665 Total 176,838 179,534 This total breaks down to: Wage earners 101,357 103,850 Salaried employees 70,954 71,167 Trainees 4,527 4,517 Auditors’ fees and services For the services performed by the Group auditors KPMG AG Wirtschaftsprüfungsgesellschaft and the companies of the worldwide KPMG association in fiscal years 2009/2010 and 2010/2011 the following fees (including expenses) were recognized as expenses: million € Year ended Sept. 30, 2010 Year ended Sept. 30, 2011 thereof thereof Total Germany Total Germany Audit fees 15 8 14 7 Audit-related fees 3 1 4 2 Tax fees 1 0 3 1 Fees for other services 0 0 1 1 Total 19 9 22 11 For the services performed by PricewaterhouseCoopers Wirtschaftsprüfungsgesellschaft and the companies of the worldwide PricewaterhouseCoopers association in fiscal years 2009/2010 and 2010/2011 the following fees (including expenses) were recognized as expenses: million € Year ended Sept. 30, 2010 Year ended Sept. 30, 2011 thereof thereof Total Germany Total Germany Audit fees 8 3 8 3 Audit-related fees 3 1 3 2 Tax fees 2 0 1 0 Fees for other services 1 0 1 0 Total 14 4 13 5 The audit fees include mainly fees for the year-end audit of the consolidated financial statements, and the statutory auditing of ThyssenKrupp AG and the subsidiaries included in the consolidated financial statements. The audit-related fees essentially comprise the auditors’ review of the interim consolidated financial statements and the fees for due diligence services in connection with acquisitions and disposals. The tax fees include in particular fees for tax consulting services for current and planned transactions, for the preparation of tax returns, for tax due diligence services, for tax advice in connection with projects and Group-internal reorganizations as well as tax advice for employees sent to work abroad. The fees for other services are mainly fees for project-related consulting services. 198
3.6 Consolidated financial statements Notes to the consolidated financial statements Notes to the consolidated statement of cash flows 34 Additional information on the consolidated statement of cash flows The liquid funds considered in the consolidated statement of cash flows correspond to the “Cash and cash equivalents” line item in the consolidated statement of financial position taking into account the cash and cash equivalents attributable to the disposal groups inclusive of discontinued operations. Non-cash investing activities In fiscal 2010/2011, the acquisition and first-time consolidation of companies created an increase in non-current assets of €38 million (2009/2010: €27 million). The non-cash addition of assets under capital leases in fiscal 2010/2011 amounted to €24 million (2009/2010: €13 million). Non-cash financing activities In fiscal 2010/2011, the acquisition and first-time consolidation of companies did not result in any increase in gross financial debt (2009/2010: €19 million). Consolidated financial statements Subsequent events 35 Subsequent events No reportable events occured. Other information 36 Declarations of conformity with the German Corporate Governance Code in accordance with Art. 161 of the German Stock Corporation Act (AktG) 198 | 199 On October 01, 2011, the Executive Board and the Supervisory Board of ThyssenKrupp AG issued the declaration of conformity in accordance with Art. 161 of the Stock Corporation Act (AktG) and is now publicly available to the shareholders on the company’s website. ThyssenKrupp AG complies with all recommendations of the German Corporate Governance Code as amended on May 26, 2010 and complied with all recommendations of the Code in the period from the date of issue of the last Declaration of Conformity on January 21, 2011. The declaration of conformity of our exchange-listed subsidiary Eisen- und Hüttenwerke AG was issued on October 01, 2011 and is now publicly available to the shareholders on the company’s website.
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Annual Report 2010/2011 At the cent
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Our mission statement We are Thysse
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Our capabilities Material We combin
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Making tomorrow possible Our engine
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Letter to shareholders Dr.-Ing. Hei
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Letter to shareholders To assist ou
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Contents Our mission statement C2 F
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To our shareholders To our sharehol
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Solutions for many sectors In the f
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To our shareholders Wilhelm Segerat
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Management report on the Group Mana
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Using space better The challenge of
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3.1 Consolidated financial statemen
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