Annual Report 2001 - KSPG AG

More documents

Recommendations

Info

72 Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG Kolbenschmidt Pierburg Group Segment report by regions (secondary segments) Segments Note (34) Germany Net external sales by customer location 316.4 329.5 104.6 97.7 73.9 75.0 73.7 75.8 13.6 22.1 16.3 14.8 598.5 614.9 Segment assets 256.6 306.1 129.8 161.4 50.3 53.7 123.7 129.7 14.5 0.0 77.2 85.5 652.1 736.4 Capital expenditures 45.8 52.8 16.4 21.5 7.6 10.3 16.4 21.2 0.2 0.0 0.5 0.3 86.9 106.1 Other Europe Net external sales by customer location 405.6 426.3 209.1 211.5 28.6 35.3 42.2 58.9 4.4 6.1 70.6 73.3 760.5 811.4 Segment assets 189.3 174.2 64.0 62.9 0.0 0.0 0.0 0.0 0.0 0.0 18.5 15.8 271.8 252.9 Capital expenditures 22.4 26.0 8.9 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.6 31.6 34.1 North America Net external sales by customer location 27.7 44.7 243.0 204.5 28.7 24.7 0.0 0.0 6.4 5.4 2.6 4.6 308.4 283.9 Segment assets 29.1 29.0 200.5 200.1 22.1 19.0 0.0 0.0 5.6 0.0 0.0 0.0 257.3 248.1 Capital expenditures 5.7 1.6 27.3 20.1 4.2 1.5 0.0 0.0 0.1 0.0 0.0 0.0 37.3 23.2 South America Net external sales by customer location 4.2 7.0 21.5 26.9 2.2 1.6 0.0 0.0 0.2 0.7 17.0 13.8 45.1 50.0 Segment assets 3.7 3.3 62.8 63.1 3.6 4.0 0.0 0.0 0.0 0.0 7.8 7.0 77.9 77.4 Capital expenditures 1.5 0.0 12.4 8.6 0.1 0.9 0.0 0.0 0.0 0.0 0.0 0.1 14.0 9.6 Other regions Air Supply & Pumps Pistons Plain Bearings Aluminum Technology MotorEngineering Motor Service Aggregated total of segments €million 2000 2001 2000 2001 2000 2001 2000 2001 2000 2001 2000 2001 2000 2001 Net external sales by customer location 4.9 6.1 11.0 10.6 2.6 1.9 0.0 0.6 2.9 1.4 42.1 44.4 63.5 65.0 Segment assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Capital expenditures 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 73
74 Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG Notes Accounting principles (1) General The consolidated financial statements of Kolbenschmidt Pierburg AG and its subsidiaries for the fiscal year 2001 have for the first time been prepared in accordance with the International Accounting Standards (IAS) of the International Accounting Standards Board (IASB) and comprise balance sheet, income statement, cash flow statement, segment reports, and statement of changes in equity. All IAS effective at balance sheet date have been applied, as have the Interpretations of the Standing Interpretations Committee (SIC). The requirements of IAS 12 and IAS 19 (both revised 2000) have voluntarily been satisfied in the restated annual accounts 2000. The IAS 39 rules are applied as from Jan. 1, 2001, restatement of the prior-year comparatives having been waived under the terms of IAS 39. The effects of the first-time application of IAS 39 have been recognized as of Jan. 1, 2001, in equity only (other reserves). For enhanced transparency of presentation, certain items of the consolidated income statement and balance sheet have been subsumed in captions, however, which are broken down and detailed further below in these notes. The consolidated income statement has been prepared in the total-cost format. The consolidated financial statements are presented in euro (€), based on the official exchange rate of €1.00 = DM 1.95583. Amounts are almost throughout indicated in €million. With its IAS-based consolidated financial statements, Kolbenschmidt Pierburg AG has exercised the exemption option under the terms of Art. 292a HGB, viz. to draw up the consolidated accounts in accordance with internationally accepted accounting principles in lieu of consolidated financial statements according to German commercial accounting regulations. The assessment of whether the consolidated financial statements and group management report meet the prerequisites of Art. 292a HGB has been made in conformity with the DRSC interpretation in German Accounting Standard DRS-1. The present consolidated statements substantially reflect the following accounting and valuation methods in derogation of the German Commercial Code (HGB): – capitalization of internally created intangible assets – recognition at fair value of certain primary and derivative financial instruments – translation of non-euro receivables and payables at the current closing rate and recognition in net income of the resulting translation differences – capitalization of the asset and recognition of the residual liability under capital leases according to the definition criteria of IAS 17 – measurement of pension accruals according to the projected unit credit (PUC) method with due regard to future pay rises and the corridor rule of IAS 19 – waiver of providing for accrued liabilities if the probability of accrual utilization is below 50 percent – discounting of noncurrent accruals – accounting for deferred taxes according to the liability method The fiscal year of Kolbenschmidt Pierburg AG and its subsidiaries equals the calendar year. Kolbenschmidt Pierburg AG prepares consolidated financial statements on a voluntary basis, waiving the optional exemption under the terms of Art. 291(1) HGB. Kolbenschmidt Pierburg AG’s consolidated accounts will be included through the voluntarily prepared group accounts of Düsseldorf-based Rheinmetall AG in the statutory consolidated financial statements of Röchling Industrie Verwaltung GmbH, Mannheim, as the great grandparent and highest tier of consolidation. Rheinmetall AG's consolidated financial statements will be deposited with the Commercial Register of the Local Court of Düsseldorf under number HRB 39401, and those of Röchling Industrie Verwaltung GmbH with the Commercial Register of the Local Court of Mannheim under number HRB 3594. 75
Page 1 and 2: Kolbenschmidt Pierburg AG Rheinmeta
Page 3 and 4: Kolbenschmidt Pierburg at a glance
Page 5 and 6: Contents Agenda of the annual stock
Page 7 and 8: 6 Kolbenschmidt Pierburg AG Supervi
Page 9 and 10: 10 Kolbenschmidt Pierburg AG Letter
Page 11 and 12: 14 Management report on the Kolbens
Page 13 and 14: 18 Management report on the Kolbens
Page 15 and 16: Tool setting prior to machining the
Page 17 and 18: Coating unit for high-duty plain be
Page 19 and 20: Production line for car engine bear
Page 21 and 22: Final assembly of the variable inta
Page 23 and 24: Assembly of the steplessly variable
Page 25 and 26: Alfinizing of diesel piston ring mo
Page 27 and 28: 46 Lagebericht und Konzernlageberic
Page 29 and 30: Testing an engine block for leakage
Page 31 and 32: The PLU 401/121 for continuous fuel
Page 33 and 34: Ecotec test rig at the Neckarsulm p
Page 35 and 36: 62 Kolbenschmidt Pierburg AG Balanc
Page 37 and 38: Consolidated financial statements 2
Page 39: 70 Consolidated financial statement
Page 43 and 44: 78 Consolidated financial statement
Page 55 and 56: 102 Consolidated financial statemen
Page 61: 114 Consolidated financial statemen

Annual Report 2001 - KSPG AG

Create successful ePaper yourself

Delete template?

Save as template?