PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

202Consolidated Financial Statements of gildemeister Aktiengesellschaft: Notes to the Consolidated Financial Statementsconsolidated financialstatementsThe “Services” segment, which covers all areas, is directly related to the machine toolsand, with its products and technical services, represents an independent segment.It includes the business activities of dmg Vertriebs und Service GmbH deckel mahogildemeister, Bielefeld, and its subsidiaries.With the aid of the dmg Life Cycle Products we optimise the productivity of ourcustomers‘ machine tools over the entire life cycle – from their installation until partexchange as a used machine. This range of services, which is perfectly aligned withdmg machine tools, offers our customers unique integrated solutions: With innovativeand efficient training, repair and maintenance services, our highly-qualified serviceemployees ensure the long-term availability of machine tools. Besides brokering andadvisory activities, these include installation and instruction as well as the used machinesbusiness. dmg Spare Parts safeguards the reliable and fast supply of dmg spare partsfrom its ultra-modern service centre. dmg Service products – such as dmg Power Tools,Tool Management from dmg microset and automation solutions from dmg automation –enable the user to set up processes for machining workpieces safely and quickly,and thus cost-effectively. Another area is key accounting to serve major internationalcustomers, which is concentrated for all products and areas.The “Energy Solutions” segment includes the business activities of a+f GmbH andthe companies responsible for sales, service and production in Italy, Spain, the usa,Austria and India. It includes the business areas of photovoltaic (“SunCarrier”), energystorage (“cellcube”) and components (“Components”). In the “SunCarrier” business area,gildemeister offers a single-axis tracking system with the SunCarrier, which continuouslyaligns the module surface along the vertical axis with the sun's actual position. Thebusiness model is mainly geared towards customers who want to produce electricity onan industrial scale, and the construction of turnkey solar parks as well as providing downstreamservices. The majority investment in the Austrian company, Cellstrom GmbH,expands the product portfolio to include what gildemeister considers to be the promisingmarket of energy storage. The long-lasting and low maintenance “cellcube” big batteryoffers a variety of deployment possibilities, for example the storage of electricity fromsolar power plants and wind farms, or as a solar fuelling station for the expected rise inthe number of electrically-operated vehicles. In the “Components” area, gildemeisterspecialises in the production and marketing of cast iron and steel components, in particularfor mechanical engineering and wind power plants.The “Corporate Services” segment also comprises the gildemeister Aktiengesellschaftwith its group wide holding functions. Central functions have been assignedto gildemeister Aktiengesellschaft such as group strategy, development and purchasingcoordination, management of overall projects in the production and logistics areas, funding,corporate controlling and corporate personnel management. The holding functionsacross the group result in expense and sales revenues.