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4.4 Additional information Glossary Glossary A Average collection period Trade accounts receivable divided by sales, multiplied by 360 (the lower the ratio, the faster customers pay) B Business continuity plan Plans to maintain operations under difficult external conditions C Capital employed Interest-bearing invested capital Coating Corrosion protection for carbon steel by the application of a metallic or organic coating Compliance Adherence to laws and company policies Corporate governance declaration Statement by a stock corporation under Art. 289a German GAAP (HGB) containing a description of how the executive board and supervisory board operate, the declaration of conformity and information about governance practices Cost of capital Minimum return required by capital providers D DAX Deutscher Aktienindex (German stock index), compiled by Deutsche Börse. The index reflects the performance of the 30 largest and strongest selling German stocks, including ThyssenKrupp stock. Declaration of conformity Declaration by executive board and supervisory board in accordance with Art. 161 Stock Corporation Act (AktG) on the implementation of the recommendations of the Government Commission on the German Corporate Governance Code DJ STOXX Dow Jones STOXX 600, compiled by index provider Stoxx Ltd. It lists the performance of 600 companies from 18 European countries. E EBIT Earnings Before Interest and Taxes EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization EBT Earnings Before Taxes Emerging markets Up and coming markets of Asia, Latin America and Eastern Europe E-procurement Purchasing materials using modern electronic media, particularly the internet Equity ratio Ratio of total equity to balance sheet total (the higher the ratio, the lower the indebtedness) F Free cash flow (before dividend) Operating cash flows less cash flows from investing activities Free float Shareholding generally taken into account in the weighting of ThyssenKrupp's stock in stock indices such as the DAX or DJ STOXX G Gearing Ratio of financial liabilities to total equity (the lower the ratio, the higher the share of total equity in the interestbearing capital employed) Gross profit Net sales less cost of sales I impact Corporate program to enhance performance and implement the company strategy Internal financing strength Ratio of operating cash flows to cash flows from investing activities International Financial Reporting Standards (IFRS) Standard international accounting rules intended to make company data more comparable. Under an EU regulation, listed companies must report in accordance with these rules. Inventory turnover Inventories divided by sales, multiplied by 360 (the lower the ratio, the faster the inventory turnover) IP strategy Strategy for a company’s intellectual property, e.g. patents and other property rights L Long Term Incentive plan (LTI) Long-term variable compensation for Executive Board members and other selected executives through stock rights M Mid Term Incentive plan (MTI) Mid-term variable compensation for Executive Board members and other selected executives through stock rights O Operating cash flow Inflow/outflow of cash and cash equivalents other than from investing, disposal or financing activities R Rating Ratings are used to assess the future ability of a company to meet its payment obligations on time and in full. They are based on an analysis of quantitative and qualitative factors. ROCE Return On Capital Employed 234 S Slab Compact block of crude steel as starting product for sheet or strip Supply chain management Integrated planning, control and monitoring of all logistics activities in a supply chain SWOT analysis Instrument for analyzing situations and identifying strategies. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. T Tailored blank Metal blank comprising individual steel sheets of different grade, gauge and finish which are welded together and are suitable for deep drawing ThyssenKrupp Value Added (TKVA) Central indicator for value-based management, comparing earnings before interest and taxes with cost of capital Tinplate Thin steel sheet for the packaging industry electrolytically coated with tin or chromium
4.5 Additional information Index 4.5 Additional information Index Index A Abbreviations 237 Abbreviations Additional bonus 237 35 Additional Adjusted EBIT bonus 63 35 Adjusted Analyst recommendations EBIT 41 63 Analyst Annual General recommendations Meeting 65 41 Annual Audit opinion General Meeting 223 65 Audit opinion 223 B Business areas 49, 71, 107, 115, 187 Business Business areas management 49, 71, 107, 115, 187 54 Business management 54 C Capabilities 49 Capital Capabilities expenditure 85 49 Capital Capital expenditure stock 161 85 Cash Capital flow stock 88, 133 161 Climate Cash flow protection 88, 133 99 Compensation Climate protection report 33 99 Compliance Compensation report 29, 113 33 Components Compliance Technology 79, 86, 108, 118, 29, 188 113 Consolidated Components Technology financial statements 79, 86, 108, 118, 188 125 Consolidated Consolidated statement financial statements of cash flows 88, 133 125 Consolidated Consolidated statement statement of of cash changes flows in equity 88, 133 132 Consolidated Consolidated statement statement of of changes comprehensive in equity income 131 132 Consolidation Consolidated statement of comprehensive income 134 131 Contact Consolidation 239 134 Corporate Contact at ThyssenKrupp AG 84, 188 239 Corporate Corporate at governance ThyssenKrupp AG 27, 29, 84, 253 188 Corporate Corporate governance governance declaration 27, 29, 33, 253 120 Course Corporate of business governance declaration 33, 120 60 Currency Course of translation business 135 60 Customer Currency translation groups 135 67 Customer groups 67 D Dates 239 Dates Declaration of conformity 239 27 Declaration Definition of of EBIT conformity (new) 56 27 Definition Directors’ of dealings EBIT (new) 31 56 Directors’ Disclosure dealings of takeover provisions 120 31 Disclosure Discontinued of takeover operation provisions 49, 51, 120 82 Discontinued Disposals operation 49, 51, 82 51 Disposals Diversity 30, 99 51 Diversity Dividend 43, 65, 30, 105 99 Dividend Divisions 43, 65, 105 49 Divisions 49 E Earnings 62, 104 Earnings Earnings per share 62, 65, 104 197 EBIT Earnings per share 65, 197 62 Economic EBIT conditions 57, 102, 115 62 Elevator Economic Technology conditions 76, 86, 107, 57, 117, 102, 187 115 Elevator Technology Emissions trading 76, 86, 107, 117, 187 70 Employees Emissions trading 65, 96 70 Energy Employees 67, 65, 106 96 Environmental Energy protection 67, 99, 106 106 Executive Environmental Board protection 99, 106 18 Executive Executive Board Board compensation 33, 186 18 Executive Board compensation 33, 186 F Additional information 234 | 235 235 Female representation 30, 99 Female Financial representation calendar 30, 239 99 Financial Financial calendar debt 239 87 Financial Financial debt instruments 111, 177 87 Financial Financial position instruments 111, 177 85 Financial Financial risks position 111, 182 85 Financial Financial-statement risks audit 27, 198, 111, 182 223 Financial-statement Financing audit 27, 85, 198, 89, 106 223 Financing Fixed compensation 85, 89, 106 34 Fixed Forecast compensation 102 34 Forecast Free float 102 43 Free float 43 G Glossary 234 Gross Glossary domestic product 58, 102 234 Gross domestic product 58, 102 H Health and safety 97 Health and safety 97 I IFRS 134 impact IFRS 134 53 Impairment impact 62, 74, 83 53 Income Impairment statement 62, 74, 130 83 Index Income of statement tables and graphics 238 130 Innovations Index of tables and graphics 94, 106 238 Inoxum Innovations 94, 106 51 Intangible Inoxum assets 153 51 Intangible assets Internal control and risk management system 153 with Internal regard control to the and accounting risk management process system 109 Inventories with regard to the accounting process 159 109 Investor Inventories relations 32, 159 44 Investor relations 32, 44 L Legal risks 113, 174 Letter Legal risks to shareholders 113, 174 06 Liquidity Letter to shareholders planning 89, 106 06 Long Liquidity Term planning Incentive plan 89, 106 34 Long Term Incentive plan 34 M Management development 98 Management Management report development on the Group 45 98 Management Marine Systems report on the Group 80, 87, 108, 118, 188 45 Marketing Marine Systems 80, 87, 108, 118, 188 66 Marketing Materials expense 67 66 Materials Materials expense Services 75, 86, 107, 116 67 Materials Mission statement Services 75, 86, 107, U2, 116 52 Mission Multi-year statement overview U2, 229 52 Multi-year overview 229
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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 1.1 To our shar
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To our shareholders Wilhelm Segerat
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