No power train without Miba technology

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Sensitivity analysis for interest rate risk An increase in the market interest rate of 100 basis points as of the balance sheet date would have increased earnings (before taxes) and Group equity by TEUR 173 (previous year: TEUR 129). A decrease in the market interest rate of 100 basis points as of the balance sheet date would have had the same effect on earnings (before taxes) and Group equity, but with a reverse in the sign (plus or minus). In this analysis it was assumed that all other variables, particularly foreign exchange rates, remain constant. The sensitivity of group equity was affected solely by earnings (after taxes). (31) Segment reporting Effective January 1, 2009, segment reporting is conducted in accordance with the provisions of IFRS 8. IFRS 8 stipulates that segments be presented on the basis of internal reporting and that results be presented on the basis of internal reporting (management approach). Additional geographical information is structured according to the locations of Group companies. The Group is divided into three main business units as well as the segment “other”. Classification by business unit reflects the Group’s internal organization and management structure. The business units are as follows: Miba Bearing Group Development and production of engine bearing products such as half shells, bushings, thrust washers, engine bearing applications and surface technologies. Miba Sinter Group Development and production of sintered components for engines and transmission components. Miba Sinter Group's main products are gears, chain sprockets, belt pulleys, main bearing caps and components for variable camphasers and oil and water pumps. Miba Friction Group Development and production of clutches and brake components. The area of other business is comprised mainly of the development and sale of coatings, particularly low-friction coatings for functional surfaces, electroplated overlays and PVD coatings. 117
118 Information by geographical region is structured according to the locations of the companies within the Group. The accounting and valuation principles of the reporting segments correspond to those of the Group. Sales between the segments are transacted at market prices and are generally equivalent to the prices used in third party transactions. The figures of the segment reports are shown in Appendix 2 to the Notes.
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Miba Annual Report 2009I10
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Key Figures 2009-2010 Income Statem
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2 Miba 2015 Who we are: Miba is an
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4 Ladies and Gentlemen, dear Shareh
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6 7 Wolfgang Litzlbauer “Our succ
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Dr. Wolfgang Litzlbauer, CEO Miba B
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Dkfm. Dr. Wolfgang C. Berndt Indepe
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14 The Miba Share The Miba share wa
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16 Development of the Miba share du
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18 in China and successful initiati
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20 Sales volume according to market
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22 In the 2009-2010 business year M
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24 Changes in Corporate Structure T
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26 Section 243a (5) UGB There are n
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28 productivity improvement program
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30 Overall risk The Miba Group’s
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32 Organization of financial report
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34 Sintered gears for fuel-efficien
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36 Research & Development Miba cons
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38 Manager development Miba Leaders
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40 Employees Our success as a compa
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42 Safety - Quality - Behavior Miba
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44 Corporate Social Responsibility
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46 Engine bearings are crucial comp
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48 Miba Bearing Group In the past b
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50 Encouraging development in the F
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52 One of the world’s leading pro
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54 Strong awareness of quality The
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Outlook 57
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We are focused on quality, flexibil
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Rule 18 Internal auditing Internal
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Dr. Wolfgang Litzlbauer, born in 19
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Wilfried Heinzel AG, Zellstoff Pöl
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Page 70 and 71: Compensation of Management Board an
Page 72 and 73: Financial Statements 71
Page 74 and 75: Group Statement of Recognized Incom
Page 76 and 77: 01/31/10 01/31/09 Note TEUR TEUR A.
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Page 80 and 81: 2009-2010 2008-2009 in rounded numb
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Page 88 and 89: evenues totaling TEUR 52,317 (previ
Page 90 and 91: age for the (preliminary) retiremen
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Page 94 and 95: D. Notes on the Consolidated Income
Page 96 and 97: Expenditures for other persons invo
Page 98 and 99: (11) Intangible assets A detailed b
Page 100 and 101: (14) Deferred taxation The differen
Page 102 and 103: Contract manufacturing TEUR For all
Page 104 and 105: new share buyback plan for 20,000 p
Page 106 and 107: (22) Interest-bearing liabilities T
Page 108 and 109: (26) Current portion of interest-be
Page 110 and 111: Cash and cash equivalents, trade re
Page 112 and 113: Financial assets evaluated at fair
Page 114 and 115: Derivatives and Hedging Derivatives
Page 116 and 117: On the assets side, an interest rat
Page 120 and 121: (32) Events after the balance sheet
Page 122 and 123: Expenditures for severance payments
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Page 126 and 127: M i b a A k t i e n g e s e l l s c
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Page 130 and 131: 2010, as well as the Group’s fina
Page 132 and 133: Accumulated Depreciation Net value
Page 134 and 135: Accumulated Depreciation Net value
Page 136 and 137: Other Consolidation Total Group 200
Page 138 and 139: Direct and indirect equity Type of
Page 140 and 141: ABM Advanced Bearing Materials Miba
Page 142: www.miba.com
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