Annual Report 2001 - Bohler Uddeholm materializing visions

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Report of the Supervisory Board 42 BÖHLER-UDDEHOLM Annual Report 2001 During the 2001 Business Year, the Supervisory Board held five meetings and performed those duties required by law and the Articles of Association. In addition, the Audit Committee held one meeting during the reporting year. The Managing Board provided the Supervisory Board with regular written and verbal reports and information on the development of business and performance of the Company and the Group. The Annual Accounts and Directors’ Report of BÖHLER-UDDEHOLM AG and the Consolidated Accounts and Directors’ Report as at 31 December 2001 were prepared in accordance with International Accounting Standards (IAS). These documents were audited by KPMG Alpen-Treuhand Gesellschaft mbH, Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Linz, who were appointed auditors in accordance with § 270 of the Austrian Commercial Code. This audit verified that the bookkeeping, Annual Accounts, and Consolidated Group Accounts meet legal requirements and the provisions of the Articles of Association. The results of the audit indicate no grounds for objection and the auditors have therefore awarded an unqualified opinion. The Directors’ Report is in agreement with the Annual Accounts and Consolidated Group Accounts. The Supervisory Board has therefore approved the 2001 Annual Accounts and declares its agreement with the Directors’ Report. The 2001 Annual Accounts are therefore officially approved in keeping with § 125 of the Austrian Stock Corporation Act. The Supervisory Board has also approved the Consolidated Accounts and related Directors’ Report. The Supervisory Board has examined and approved the proposal for the allocation of profits. BÖHLER-UDDEHOLM AG concluded the 2001 Business Year with net income of 36,322,821.17 €. The inclusion of changes to reserves and profit carried forward from the prior year yield retained earnings totalling 29,700,369.24 €. A resolution will be placed before the Annual General Meeting on 13 May 2002 recommending distribution of a dividend of 29,700,000.00 € and carry forward of the remaining 369.24 €. The Supervisory Board
Consolidated Financial Statements 2001 BÖHLER-UDDEHOLM Group according to IAS BÖHLER-UDDEHOLM Annual Report 2001 43
Page 1 and 2: ANNUALREPORT 2001
Page 3 and 4: Annual Report 2001 Products made of
Page 6 and 7: BÖHLER-UDDEHOLM at a Glance 6 BÖH
Page 8 and 9: Organizational Chart BÖHLER-UDDEHO
Page 10 and 11: Foreword from the Chairman of the M
Page 13: The Management Board (above left) K
Page 16 and 17: Directors’ Report 2001 Sales in m
Page 18 and 19: Directors’ Report 2001 Earnings b
Page 21 and 22: Segment Reporting STRUCTURES, PRODU
Page 23: Segment Reporting STRUCTURES, PRODU
Page 32 and 33: Overview of Key Segment Figures SEG
Page 34 and 35: Investor Relations / Corporate Gove
Page 37 and 38: The number of employees in the BÖH
Page 39: The maintenance and distribution of
Page 44 and 45: Balance Sheet as at 31 December 200
Page 46 and 47: Changes in Equity BÖHLER-UDDEHOLM
Page 48 and 49: Cash Flow Statement 2001 BÖHLER-UD
Page 50 and 51: Notes to the Consolidated Financial
Page 72 and 73: Statement of Fixed Assets as at 31
Page 74 and 75: Table of Holdings as at 31 December
Page 76 and 77: Table of Holdings Abbreviation Comp
Page 78 and 79: Table of Holdings Abbreviation Comp
Page 81 and 82: RETURN ON SALES (ROS) Earnings befo

Annual Report 2001 - Bohler Uddeholm materializing visions

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