No power train without Miba technology

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Overall risk
The Miba Group’s identified risks are manageable and are being appropriately hedged.
Current analysis confirms that the continued existence of the company is not at risk.
Essential characteristics of the accounting-related internal control
and risk management system
In accordance with section 82 of the Austrian Stock Corporation Act (AktG), the Management
Board is responsible for the establishment and development of an internal control and risk
management system for the financial reporting process, appropriate to the company’s
requirements.
General principles
The following information applies equally to the individual financial statements and the
consolidated financial statements of Miba AG. Miba’s accounting-related internal control
and risk management system serves to ensure proper and reliable financial reporting. The
internationally recognized COSO model (COSO = Committee of Sponsoring Organizations
of the Treadway Commission) is used for the documentation, analysis and design of the
internal control system. Key processes and their control activities are thereby initially
identified and documented. The effectiveness of control activities is evaluated within the
scope of the documentation process.