No power train without Miba technology

More documents

Recommendations

Info

We are focused on quality, flexibility and health. Business Excellence is the strategic linchpin of our constant efforts for high business quality. Our goal is to optimize all Miba processes and to implement a “zero defect” philosophy on an ongoing basis. Our employees are the key factor in our success. The next employee survey takes place in 2010. The survey results and the input from our continuous improvement processes serve the company as key indicators for further development and necessary adjustments. Miba’s positioning as a responsible employer will also play a central role in the future. Events after the reporting date Negotiations for the take-over of the remaining shares in Teer Coatings Ltd., Droitwich (GB), were successfully concluded after the reporting date. 59
60 Corporate Governance Report In September 2002 the Austrian Working Group for Corporate Governance established the Code of Corporate Governance, a framework for transparent and responsible corporate management. The Miba Group believes strongly that carefully executed corporate governance plays a key role in strengthening shareholder and investor trust, as well as strengthening capital markets. These principles have long been a part of the Miba Group. Our vision, mission and strategy are sustainable and oriented to the long term, and are communicated to all our shareholders. Miba AG has been committed to the principles of the Code since it was introduced, and has pledged to follow the Code. The current version of the Austrian Code of Corporate Governance is available online at www.corporate-governance.at. The present report fulfills the legal obligation of Miba AG in accordance with section 243b of the Austrian Business Enterprise Code (UGB) to compile a Corporate Governance Report. The company deviates from the following C Rules (comply or explain) of the Code, explained as follows: Rule 2 One share – one vote Miba’s share capital is divided into 1.3 million no-par-value shares, 130,000 of which are non-voting preferred shares convertible to common shares in return for relinquishment of preferential rights and 300,000 of which are non-voting preferred shares that are not convertible to common shares.
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 and 24: 22 In the 2009-2010 business year M
Page 25 and 26: 24 Changes in Corporate Structure T
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 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
Page 80 and 81: 2009-2010 2008-2009 in rounded numb
Page 82 and 83: Future Changes in Accounting Rules
Page 84 and 85: As the changes in the consolidated
Page 86 and 87: C. Accounting Principles and Valuat
Page 88 and 89: evenues totaling TEUR 52,317 (previ
Page 90 and 91: age for the (preliminary) retiremen
Page 92 and 93: and credit ratings of contracting p
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 118 and 119:
Sensitivity analysis for interest r
Page 120 and 121:
(32) Events after the balance sheet
Page 122 and 123:
Expenditures for severance payments
Page 124 and 125:
(36) Earnings per share According t
Page 126 and 127:
M i b a A k t i e n g e s e l l s c
Page 128 and 129:
M i b a A k t i e n g e s e l l s c
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
show all

No power train without Miba technology

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?