No power train without Miba technology

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Compensation of Management Board and Supervisory Board The goal of the compensation system for Management Board members is to adequately compensate members based on their scope of activities and responsibilities and in line with domestic and international compensation standards. 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 goals and resultbased targets. Regarding the composition of the earnings of the Management Board of fixed and variable components, please refer to the appendix of the consolidated financial statements. Management Board members have individual pension arrangements, and the company pays defined amounts to the Management Board members. The Chairman of the Board has an additional “old” pension plan, which provides a fixed value-protected pension. All members of the Management Board, with the exception of the Chairman, are entitled to severance payments in accordance with the relevant legal provisions upon the conclusion of their duties if this also represents a termination of contract. Miba AG holds a directors’ and officers’ liability insurance policy (D & O liability), the costs are borne by the company. This policy costs approximately EUR 9,000 per year. The total compensation of the Supervisory Board is determined annually at the General Meeting, whereby the distribution of compensation to individual members of the Supervisory Board is carried out by the Board itself. The legal firm Dorda Brugger Jordis Rechtsanwälte GmbH, whose managing partner Dr. Theresa Jordis is a member of the Supervisory Board of Miba AG, advises the 69
70 company in legal matters; the fee paid for these legal services is market-appropriate and is calculated according to time and effort. Laakirchen, April 2010 The Management Board of Miba AG DI DDr. h. c. Peter Mitterbauer Dr.-Ing. Norbert Schrüfer Dr. Wolfgang Litzlbauer Dr.-Ing. Harald Neubert
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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
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 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 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
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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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