Engineering

Management report on the Group
2.2 Management report on the Group Consolidated results of operations
The HGB unappropriated income of of
ThyssenKrupp AG is is the legal basis
for the dividend.
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After taking into account income taxes, the loss from continuing operations for the 2010/2011 fiscal year
was €954 million, a deterioration of €1,974 million from the prior year.
Including the after-tax loss of €829 million from the discontinued operations of the Stainless Global business
area, the net loss for the reporting period was €1,783 million; in the prior year net income of €927 million
was achieved.
A net loss of €492 million was attributable to non-controlling interest, compared with a net profit of
€103 million in the prior year. The deterioration of €595 million was mainly due to the negative earnings
of ThyssenKrupp CSA.
Related to the net income attributable to ThyssenKrupp AG shareholders, earnings per share decreased by
€4.48 to €(2.71). Based on income from continuing operations, earnings per share deteriorated to €(0.97),
down €2.94 from the year before.
Unappropriated net income of ThyssenKrupp AG €517 million
The dividend payment is based on the HGB unappropriated net income of ThyssenKrupp AG of €517 million;
in the prior year it was €415 million. It comprises the HGB net income of ThyssenKrupp AG of €494 million
(prior year €800 million) plus the income carried forward from the prior year of €23 million (prior year
€15 million).
The Executive Board and Supervisory Board propose to the Annual General Meeting the payment of a
dividend of €0.45 (prior year €0.45) per share and the carryforward of the balance of €285 million.
Therefore, of the €517 million unappropriated net income, a total of €232 million will be distributed to the
shareholders. As the Company held no treasury shares at September 30, 2011, 514,489,044 shares are
eligible for dividend payments. Should the Company hold treasury shares not eligible for dividend payment
at the time of the Annual General Meeting, the proposal for the appropriation of net income will be adjusted
accordingly.
Number of employees increased
In the wake of the improved business situation, the number of employees increased further. On
September 30, 2011 the Group employed 180,050 people worldwide, 2,704 or 1.5% more than a year
earlier. However, the headcount in Germany decreased by 1,950 or 2.7% to 69,122, which represents
38.4% of the total workforce. By contrast, the number of employees outside Germany grew significantly – by
4,654 or 4.4% to 110,928.