No power train without Miba technology

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Expenditures for severance payments and contributions to company-sponsored employee provision funds and the expenses for post-retirement benefits are comprised of the following: 2009-2010 2008-2009 Severance payments Severance payments and payments to and payments to company Retirement company Retirement TEUR benefit funds benefits benefit funds benefits Management Board members, managing directors and executive employees –47 412 130 252 Other employees 2,034 665 2,158 455 Total 1,986 1,077 2,288 707 The compensation system for Board members aims to adequately compensate the Board members in accordance with their scope of activities and responsibilities and in line with domestic and international compensation packages. For the business unit Management Boards, a significant part of this compensation varies based on the company’s results. The annual bonus is a variable cash payment, the amount of which is determined on the basis of individual objectives and results-based targets. Management Board members have individual pension arrangements, and the company pays defined amounts to the Management Board members. The Chairman of the Management Board has an additional “old” pension plan, which provides a fixed valueprotected pension. This obligation is covered through pension reinsurance. The statutory provisions currently in effect in Austria apply to the termination of employment of Management Board members. Compensation to the Board Members in the past business year totaled TEUR 1,326 (previous year: TEUR 1,054), of which TEUR 488 (previous year: TEUR 218) consisted of variable salary components. No compensation was granted to former Management Board members or their surviving dependents. Expenses for retirement benefits were as follows: 2009-2010 2008-2009 TEUR TEUR Members of the Management Board 412 –124 121
122 The previous year shows earnings for retirement benefits due to changes in various parameters (inflation rate, mortality tables, etc.). In the financial year 2009-2010, compensation totaling TEUR 75 (previous year: TEUR 75) was paid to the members of the Supervisory Board for their services. Members of the Supervisory Board for the financial year 2009–2010: Dr. Theresa Jordis, Vienna (Chairwoman) Dipl.-Bw. Alfred Heinzel, Vorchdorf (Deputy Chairman) Dr. Robert Büchlhofer, Starnberg, Germany Dkfm. Dr. Wolfgang Berndt, Seewalchen Hermann Biesl, Roitham (until December 17, 2009, delegated by the employee council) Johann Forstner, Laakirchen (since December 17, 2009, delegated by the employee council) Hermann Aigner, Vorchdorf (delegated by the employee council) (35) Tax group The group and tax compensation agreement of January 24, 2005, between Miba Aktiengesellschaft, Laakirchen (as the group parent) and the following entities created a corporate group in accordance with section 9 of the Corporate Tax Act (KStG) as of the 2004-2005 business year: Miba Gleitlager GmbH, Laakirchen; Miba Automation Systems Ges.m.b.H., Laakirchen; Miba Frictec GmbH, Laakirchen; Miba Sinter Austria GmbH, Laakirchen; Miba Sinter Holding GmbH, Laakirchen; Miba Frictec Beteiligungs-GmbH, Laakirchen. This corporate Group additionally includes Miba Steeltec s.r.o., Vráble, Slovakia, and Miba Precision Components (China) Co. Ltd., Suzhou Industrial Park, China. The Group was expanded in the 2005-2006 business year to include the following entities: Miba China Holding GmbH, Laakirchen; High Tech Coatings GmbH, Laakirchen. In the 2007-2008 business year, the former Group member Miba Frictec Beteiligungs- GmbH, Laakirchen, was merged with the reorganized Miba Friction Holding GmbH, Laakirchen. In the 2008-2009 business year, the Group was expanded to include Miba Sinter USA, LLC, McConnelsville, Ohio, USA.
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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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Delegated by the Employee Council H
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Compensation of Management Board an
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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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