No power train without Miba technology

age for the (preliminary) retirement pension as defined by the 2004 Pension Reform (2003
Budget Accompanying Act) and under consideration of the transitional regulations. A company-specific
allowance for fluctuations was stated.
The calculation bases for the AVÖ 2008-P pension insurance plan (previous year: AVÖ-
2008-P) were used to calculate the provisions.
Provisions for pensions are only required for the Austrian companies. These are calculated
based on recognized actuarial principles using the projected unit credit method at
an assumed interest rate of 5.25 percent p.a. (previous year: 5.25 percent) and a 1.0 to
1.5 percent salary adjustment rate (previous year: 1.5 percent), 0 percent for fixed pension
commitments. A fluctuation allowance was not applied.
The calculation bases for the AVÖ 2008-P pension insurance plan (previous year: AVÖ-
2008-P) were used to calculate the provisions.
As of the business year 2005-06, any actuarial gains or losses resulting from changes in
actuarial assumptions (demographic and financial assumptions) are reported uniformly, in
accordance with the provisions of IAS 19.93A, as part of other income and expenses in
the statement of income and accumulated earnings.
Contribution-based pension commitments are granted by two foreign subsidiaries, where
the employer contributes to an external fund. The contributions to the funds represent
expenses for the current period. Expenses reported in the 2009-2010 business year total
TEUR 576 (previous year: TEUR 593).
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