No power train without Miba technology

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The EUR 3.5 million decline in cash flow from operations from EUR 51.6 million to EUR 48.1 million resulted primarily from the drop in earnings. With the reported cash flow from operations, the Miba Group was once again able to finance its investments fully through the company’s own capital resources. in EUR million 2009-2010 2008-2009 Sales 311.8 374.6 EBT 15.5 30.9 Cash flow from operations 48.1 51.6 23
24 Changes in Corporate Structure The 23rd Annual General Meeting of Miba AG on June 19, 2009, passed a resolution reauthorizing the Management Board, under section 65 (1) 8 and section 65 (1a) and (1b) of the Austrian Stock Corporation Act (Aktiengesetz), to purchase company shares (preferred Category B shares) totaling no more than 10 percent of the company’s share capital during a period ending December 31, 2011. The Management Board of Miba AG resolved on July 14, 2009, to implement a new share buyback plan for 30,000 preferred Category B shares. No further shares of Miba stock were created through this share buyback plan through January 31, 2010. As of the balance sheet date of January 31, 2010, Miba AG held 66,229 treasury shares, unchanged from the previous year. The appointment of Dr. Wolfgang Berndt to the Supervisory Board of Miba AG was extended by five years at the 23rd Annual General Meeting of Miba AG on June 19, 2009. On May 31, 2009, Miba's stake in C-Gesellschaft was increased to 75.5 percent, up from 51 percent. On June 2, 2009, Miba's stakes in Tyzack Ltd., Sheffield (UK), WA Tyzack Ltd., Sheffield (UK) and Tyzack Turner Ltd., Sheffield (UK) were liquidated in accordance with commercial law. In July 2009, Miba acquired a 24.9 percent interest in Teer Coatings Ltd., Droitwich (GB). Teer Coatings Ltd. is one of the world's technology leaders in the area of PVD coatings. This investment enables Miba to expand its expertise and product portfolio in the highly specialized surface coating segment. The remaining shares in the company were taken over as of March 31, 2010.
Page 1 and 2: Miba Annual Report 2009I10
Page 3 and 4: Key Figures 2009-2010 Income Statem
Page 5 and 6: 2 Miba 2015 Who we are: Miba is an
Page 7 and 8: 4 Ladies and Gentlemen, dear Shareh
Page 9 and 10: 6 7 Wolfgang Litzlbauer “Our succ
Page 11 and 12: Dr. Wolfgang Litzlbauer, CEO Miba B
Page 13 and 14: Dkfm. Dr. Wolfgang C. Berndt Indepe
Page 15 and 16: 14 The Miba Share The Miba share wa
Page 17 and 18: 16 Development of the Miba share du
Page 19 and 20: 18 in China and successful initiati
Page 21 and 22: 20 Sales volume according to market
Page 23: 22 In the 2009-2010 business year M
Page 27 and 28: 26 Section 243a (5) UGB There are n
Page 29 and 30: 28 productivity improvement program
Page 31 and 32: 30 Overall risk The Miba Group’s
Page 33 and 34: 32 Organization of financial report
Page 35 and 36: 34 Sintered gears for fuel-efficien
Page 37 and 38: 36 Research & Development Miba cons
Page 39 and 40: 38 Manager development Miba Leaders
Page 41 and 42: 40 Employees Our success as a compa
Page 43 and 44: 42 Safety - Quality - Behavior Miba
Page 45 and 46: 44 Corporate Social Responsibility
Page 47 and 48: 46 Engine bearings are crucial comp
Page 49 and 50: 48 Miba Bearing Group In the past b
Page 51 and 52: 50 Encouraging development in the F
Page 53 and 54: 52 One of the world’s leading pro
Page 55: 54 Strong awareness of quality The
Page 58 and 59: Outlook 57
Page 60 and 61: We are focused on quality, flexibil
Page 62 and 63: Rule 18 Internal auditing Internal
Page 64 and 65: Dr. Wolfgang Litzlbauer, born in 19
Page 66 and 67: Wilfried Heinzel AG, Zellstoff Pöl
Page 68 and 69: Delegated by the Employee Council H
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.
Page 78 and 79:
Currency translation Retained Treas
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2009-2010 2008-2009 in rounded numb
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Future Changes in Accounting Rules
Page 84 and 85:
As the changes in the consolidated
Page 86 and 87:
C. Accounting Principles and Valuat
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evenues totaling TEUR 52,317 (previ
Page 90 and 91:
age for the (preliminary) retiremen
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and credit ratings of contracting p
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D. Notes on the Consolidated Income
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Expenditures for other persons invo
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(11) Intangible assets A detailed b
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(14) Deferred taxation The differen
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Contract manufacturing TEUR For all
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new share buyback plan for 20,000 p
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(22) Interest-bearing liabilities T
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(26) Current portion of interest-be
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Cash and cash equivalents, trade re
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Financial assets evaluated at fair
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Derivatives and Hedging Derivatives
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On the assets side, an interest rat
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Sensitivity analysis for interest r
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(32) Events after the balance sheet
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Expenditures for severance payments
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(36) Earnings per share According t
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M i b a A k t i e n g e s e l l s c
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M i b a A k t i e n g e s e l l s c
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2010, as well as the Group’s fina
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Accumulated Depreciation Net value
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Accumulated Depreciation Net value
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Other Consolidation Total Group 200
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Direct and indirect equity Type of
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ABM Advanced Bearing Materials Miba
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www.miba.com
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