No power train without Miba technology

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In accordance with IAS 16, property, plant and equipment are valued at cost less
scheduled straight-line depreciation or at the lower fair market value. Interest on borrowed
capital for property, plant and equipment manufactured or acquired over a longer period of
time is not accrued.
If there are any indications of impairment of assets, unscheduled depreciation is required
on the lower attributable value according to IAS 36. If the reasons for the unscheduled
depreciation cease to exist, the assets will be revaluated upward accordingly.
In the case of self-produced assets, the cost comprises not only the cost directly related
to the units of production but also the pro rata fixed and variable production overheads.
These also include the pro rata costs for retirement benefit plans and voluntary benefits.
The scheduled straight-line depreciation is based primarily on the following depreciation
rates:
Asset group Depreciation rate
Buildings 3.0–10.0%
Plant and machinery 10.0–25.0%
Other furniture and fixtures, tools and equipment 10.0–25.0%
Leased property, plant and equipment, under which the Group substantially holds all risks
and benefits related to the use of the assets (financial leasing), are recognized at their
market value or the lower cash value in accordance with IAS 17.
Items leased under all other lease agreements are treated like items leased under operating
leases and are therefore attributed to the leasing party.
During 2009-2010, investment allowances or grants totaling TEUR 87 were reported under
liabilities (previous year: TEUR 104). These will be reversed in accordance with the useful
life of the asset and pertain solely to property, plant and equipment.
During the 2009-2010 business year, government grants or subsidies totaling TEUR 4,206
(previous year: TEUR 2,630) were received for research and development activities and
job creation programs and were reported as income. Reporting occurs when there is
sufficient certainty that the related requirements will be fulfilled and the funding granted.
The associated companies included in the Consolidated Financial Statements reported,
on their respective reporting dates, assets totaling TEUR 35,247 (previous year:
TEUR 23,246), liabilities totaling TEUR 13,838 (previous year: TEUR 10,238), sales