C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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period over which the obligation is to be settled. The expectation used for 2010 was 8.0% (2009: 8.25%) for the US plans. Assumptions regarding future mortality are based on published statistics and the RP-2000 Combined Healthy Mortality table. The valuation was prepared on a goingplan basis. The valuation was based on members in the Plan as of the valuation date and did not take future members into account. No provision has been made for contingent liabilities with respect to non-vested terminated members who may be reemployed. No provisions for future expenses were made. Medical cost trend rates are not applicable to these plans. The best estimate of contributions to be paid to the plans for the year ending December 31, 2011 is $1,446. European plans LSM plans The Company sponsors the LSM 2006 Pension Plan and the LSM Additional Pension Plan, which are defined benefit arrangements. LSM’s defined benefit pension plans cover all eligible employees in the UK. Benefits under these plans are based on years of service and the employee’s compensation. Benefits are paid either from plan assets or, in certain instances, directly by LSM. Substantially all plan assets are invested in listed stocks and bonds. The expected return on bonds is determined by reference to UK long dated gilt and bond yields at the reporting date. The expected rate of return on equities have been determined by setting an appropriate risk premium above gilt/bond yields having regard to market conditions at the reporting date. The expected long-term return on cash is equal to bank base rates at the reporting date. The expected long-term rates of return on plan assets are as follows: 2010 2009 % per annum % per annum Equities 8.50 9.60 Bonds 4.15–5.50 3.90–6.70 Cash 2.00 2.00 Other 3.90 3.90 Overall for LSM plans 6.30 7.41 The actual return on plan assets for the year ending December 31, 2010 was 21.5% (2009: 13.3%) for the primary and 4.1% (2009: 11.7%) for the additional defined benefit plan. 114 Notes to Consolidated Financial Statements Actuarial assumptions 2010 2009 % per annum % per annum Inflation 3.50 3.60 Salary increases N/A N/A Rate of discount at December 31 Allowance for pension in payment increases of the Retail Prices 5.40 5.65 Index (“RPI”) or 5% p.a. if less Allowance for revaluation of deferred pensions of RPI or 3.40 3.50 5% p.a. if less Allowance for commutation of 3.50 3.60 pension for cash at retirement nil nil Assumptions regarding future mortality are based on published statistics and mortality tables. The best estimate of contributions to be paid to the primary plan for the year ending December 31, 2011 is $1,127. In the additional pension plan, only payments for expenses to run the plan, together with the levy for the Pension Protection Fund, are expected to be made in 2011. ALD plans ALD has defined benefit plans that cover employees in Germany. The benefits are based on years of service and average compensation. On March 30, 2010, the Company entered into an additional Supplemental Executive Retirement Plan (“German SERP”) with Dr. Reinhard Walter, President of Engineering Systems. Pursuant to the terms of the German SERP, Dr. Walter will earn additional retirement benefits for continued service with the Company. The maximum retirement benefit payment under the German SERP is $315 per annum reduced by retirement benefits as determined in accordance with the Company’s ALD plans and payable from age 65 until age 88. The maximum retirement benefit payment will also be reduced in the case of the commencement of benefit payments prior to age 65 as a result of early termination and/or early retirement. Under the terms of the German SERP, the Company has no obligation to set aside, earmark or entrust any fund or money with which to pay the obligations thereto. Actuarial assumptions Principal actuarial assumptions at the reporting date are presented below. 2010 2009 % per annum % per annum Expected return on plan assets at January 1 3.75 3.75 Inflation N/A N/A Salary increases 2.00 2.00 Rate of discount at December 31 5.28 5.41 Pension payments increases 1.75 1.75
Assumptions regarding future mortality are based on published statistics and mortality tables (“Richttafeln 2005G”). The best estimate of contributions to be paid to the plans for the year ending December 31, 2011 is approximately $1,111. GfE plans GfE has two defined benefit plans that cover all of the employees who were considered plan participants prior to 2005. Each plan has been closed to new participants – one was closed in 1992 and the other was closed in 2005. The plan benefits are funded by insurance contracts which are managed by Swiss Life Group. Benefits are paid by the insurance contracts and are based on years of service and average compensation. An additional defined benefit plan covers two former managing directors from a previous acquisition. The plan benefits are funded by insurance contracts. Benefits are paid by the insurance contracts and are based on individual agreements with the managing directors. Actuarial assumptions Principal actuarial assumptions at the reporting date are presented below. 2010 2009 % per annum % per annum Inflation 2.25 2.25 Salary increases 3.00 3.00 Rate of discount at December 31 4.86 5.20 Pension payments increases 2.25 2.25 Assumptions regarding future mortality are based on published statistics and mortality tables (“Richttafeln 2005G” and “Heuback 2005G”). GfE plan assets consist of insurance contracts, and the expected long term rates of return are 4.5%(2009: 5.0%). The best estimate of contributions to be paid to GfE’s plans for the year ending December 31, 2011 is approximately $2,285. Sudamin Plans The French office and operations of Sudamin have defined benefit pension plans which cover all employees. Sudamin funds the pension plans through an external insurance company but there are no plan assets. Benefits under the plans are based on the beginning of service for all employees; however, employees must be employed by Sudamin at retirement in order to obtain any benefits as vesting is only upon retirement. Benefits are paid by the external insurance company. Actuarial assumptions Principal actuarial assumptions at the reporting date are presented below. 2010 2009 % per annum % per annum Inflation N/A N/A Salary increases 2.50 2.50 Rate of discount at December 31 3.59 3.90 The discount rate used is based on the yields of AA rated euro zone corporate bonds plus 10 years. Assumptions regarding future mortality are based on published statistics and mortality tables (“2006-2008 INSEE”). The best estimate of contributions to be paid to Sudamin’s plans for the year ending December 31, 2011 is approximately $46. Graphit Kropfmühl (“GK”) plans Graphit Kropfmühl has two defined benefit plans that cover all of the employees in Germany. The plan benefits are not funded. Benefits are paid by insurance contracts and are based on years of service and average compensation. Actuarial assumptions Principal actuarial assumptions at the reporting date are presented below. 2010 2009 % per annum % per annum Inflation 2.00 1.50 Salary increases 2.50 1.80 Rate of discount at December 31 4.95 5.25 Pension payment increases 2.00 1.50 Assumptions regarding future mortality are based on published statistics and mortality tables (“Heuback 2005G”). The best estimate of contributions to be paid to GK’s plans for the year ending December 31, 2011 is approximately $1,296. Presented below are employee benefits disclosures for plans aggregated by geographical location into the North American and European groups. Notes to Consolidated Financial Statements 115
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Li 6.9 LITHIUM Sc 45.0 Ti 47.9 Sr Z
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Silicon Metal—used for solar ener
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ADVANCED MATERIALS AMG produces hig
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It is a strategic objective of AMG
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We continue to focus on products an
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Supply Risk Critical Raw Materials
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carbon steel electronics superalloy
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Silicon Metal—used in the product
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N Nickel & Molybdenum- used in high
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Chromium —alloy used to produce s
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Sb Antimony—added to plastics as
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Dr. Schimmelbusch was appointed Chi
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The Advanced Materials Division’s
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Outlook Regional Breakdown Antimony
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Although the market environment for
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value proposition to ESD’s market
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Graphit Kropfmühl Graphit Kropfmü
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Risk Management and Internal Contro
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Senior Leverage covenant to 3.00x.
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Management Board Statement of Respo
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Male/US and Peru Date of birth: Oct
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Supervisory Board discussed the ris
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The Selection and Appointment Commi
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AMG OPTION PLAN (ALL CURRENCy AMOUN
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adjustment is not needed. The Super
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Sustainable Development AMG FACILIT
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association or collective bargainin
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Greenhouse Gas Emissions (thousands
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Global Reporting Initiative AMG sup
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Corporate Governance General AMG Ad
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the Management Board has a conflict
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Other than the above-mentioned agre
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Page 69 and 70: Financial Statements Financial Stat
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Page 75 and 76: Notes to the Consolidated Financial
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Page 87 and 88: joint venture is impaired. If this
Page 89 and 90: the subsidiaries have a 100% intere
Page 91 and 92: The carrying amount of deferred tax
Page 93 and 94: 4. Segment reporting For management
Page 95 and 96: Year ended December 31, 2009 Revenu
Page 97 and 98: Acquisition of mine in Turkey On Au
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Page 101 and 102: Deferred tax assets and liabilities
Page 103 and 104: 13. Property, plant and equipment C
Page 105 and 106: 14. Intangible assets Cost Goodwill
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Page 111 and 112: 19. Restricted cash Restricted cash
Page 113 and 114: number of shares is then compared w
Page 115: subsidiaries with respect to the re
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Page 121 and 122: At December 31, 2009, the number of
Page 123 and 124: as responsible for the clean-up ass
Page 125 and 126: 29. Other liabilities Other liabili
Page 127 and 128: Interest on financial instruments c
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Page 131 and 132: Fair value hierarchy The Company us
Page 133 and 134: The open foreign exchange forward s
Page 135 and 136: 34. Capital commitments The Company
Page 137 and 138: The compensation of the management
Page 139 and 140: Loans and Receivables On December 1
Page 141 and 142: AMG Advanced Metallurgical Group, N
Page 143 and 144: 3. Intangible assets Intangible ass
Page 145 and 146: 7. Receivables from associates and
Page 147 and 148: The following is the calculation of
Page 149 and 150: Other Information Article 25 and 26
Page 151 and 152: Shareholder Information Supervisory
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C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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