Annual Report 2001 - Bohler Uddeholm materializing visions

Notes to the Consolidated Financial Statements 2001
64 BÖHLER-UDDEHOLM Annual Report 2001
15. CURRENT PORTION OF LONG-TERM INTEREST-BEARING DEBT
This item contains all interest-bearing liabilities with a maturity of less than one year, and
is classified as follows:
in m€ 31/12/2001 31/12/2000
Liabilities to banks 297.7 174.3
Liabilities from finance leases 0.7 0.7
Liabilities from financing and clearing 0.1 0.2
Total 298.5 175.2
16. SHORT-TERM PROVISIONS
These provisions contain allowances for restructuring measures, contract risks, warranties
and risks in the distribution sector. They also include obligations to employees, in particular for
unused vacation and current benefits.
17. OTHER SHORT-TERM LIABILITIES
in m€ 31/12/2001 31/12/2000
Liabilities from taxes 28.4 38.0
Liabilities from social security 8.9 18.6
Other liabilities 37.4 35.5
Total 74.7 90.1
18. NET SALES
Please refer to the segment report on pages 32 and 33 for the composition of net sales.
19. COST OF SALES
The cost of goods sold represents the production cost of goods and services. In addition
to personnel expenses of 233.6 m€ (previous year: 228.6 m€) and depreciation of 45.0 m€
(previous year: 41.2 m€), this item includes only those third-party services required for the
production sector.
Research and development costs of 16.0 m€ (previous year: 15.6 m€) were recognized
as expense in the financial year 2001.