Annual Report 2001 - KSPG AG

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108 Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG Notes Supplementary disclosures Volume of services provided to/by related companies: €million Volume of services rendered 2000 2001 2000 2001 Rheinmetall AG 0.2 0.2 6.4 4.9 Rheinmetall Service Gesellschaft mbH 0.0 0.0 0.0 1.2 Rheinmetall Finanz GmbH 0.1 0.0 0.0 0.0 Rheinmetall Informationssysteme GmbH 1.5 1.6 20.9 22.6 Jagenberg London Ltd. 0.0 0.0 0.2 0.2 (41) Supervisory and Executive Boards For their duties performed on behalf of the parent and its subsidiaries, Executive Board members received a total €1.9 million in the year under review for 2001 and €0.1 million for 2000; in fiscal 2000, they had received a total €2.5 million for 2000. For the accrued pension obligations to former Management or Executive Board members and their surviving dependants, a total €3.8 million has been provided (up from €3.5 million). Supervisory Board fees amounted to €0.2 million in fiscal 2001 (virtually unchanged). Düsseldorf, March 21, 2002 Kolbenschmidt Pierburg AG The Executive Board Volume of services utilized Dr. Kleinert Dr. Merten Liebler Dr. Engelskirchen Dr. Friedrich Auditor’s report and opinion Kolbenschmidt Pierburg AG Düsseldorf, Germany Independent group auditor’s report and opinion We have audited the consolidated financial statements prepared by Kolbenschmidt Pierburg AG and consisting of balance sheet, income statement, statement of changes in equity, cash flow statement and the notes thereto, for the fiscal year ended December 31, 2001. The consolidated financial statements in accordance with the IASC’s International Accounting Standards (IAS) are the responsibility and assertions of the Company’s Executive Board. Our responsibility is, based on our audit, to express an opinion on whether the consolidated financial statements conform with IAS. We have conducted our audit of the consolidated financial statements in accordance with German auditing regulations and with due regard to generally accepted standards on the audit of financial statements as established by IDW, the Institute of Sworn Public Auditors in Germany. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of any material misstatement. An audit includes examining, on a test basis, the evidence supporting the amounts and disclosures in the consolidated financial statements. The audit also involves assessing the accounting principles used, and significant estimates made, by the Executive Board, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audit provides a reasonable basis for our opinion. Based on our audit, it is our opinion that the consolidated financial statements, in accordance with the IAS, present a true and fair view of the Group’s net assets, financial position and results of operations as well as of its cash flows in the fiscal year under review. Our audit, which in accordance with German auditing regulations also covered the group management report as prepared by the Executive Board for the fiscal year ended December 31, 2001, has not resulted in any objections or exceptions. It is our opinion that the group management report presents fairly both the Group’s overall position and the risks inherent in its future development. In addition, we confirm that the consolidated financial statements and group management report for the fiscal year ended December 31, 2001, satisfy the requirements for exempting the Company from preparing consolidated financial statements and a group management report in accordance with German law. Düsseldorf, March 22, 2002 PwC Deutsche Revision Aktiengesellschaft Wirtschaftsprüfungsgesellschaft Bovensiepen Schwalm Wirtschaftsprüfer Wirtschaftsprüfer 109
110 Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG Group of consolidated companies Group of consolidated companies as of December 31, 2001 Kolbenschmidt Pierburg AG, Düsseldorf € 283,484,550 Equity Interest held (%) (IAS) direct indirect Air Supply & Pumps Pierburg AG, Neuss 3) € 109,501,360 100 Carbureibar S.A., Abadiano, Spain € 28,526,688 100 Pierburg S.à r.l., Basse-Ham (Thionville), France € 21,100,554 100 Pierburg Inc., Fountain Inn (Greenville), SC, USA US$ 4,677,391 100 Pierburg do Brasil Ind. e Comércio Ltda., Nova Odessa, Brazil Rs 5,724,735 100 Pierburg S.p.A., Lanciano, Italy € 9,342,155 100 Société Mosellane de Services Holding S.A., Basse-Ham (Thionville), France € 3,321,034 100 Société Mosellane de Services S.C.I., Basse-Ham (Thionville), France € 10,151,913 100 Kolbenschmidt Pierburg Shanghai Nonferrous Components Co. Ltd., Shanghai, China 2) Yuan 153,872,081 50 Calor Grundstücksverwaltungsgesellschaft mbH & Co KG, Grünwald € (2,011,045) 95 MotorEngineering Pierburg Instruments GmbH, Neuss 2) € 18,120,537 49 Pistons KS Kolbenschmidt GmbH, Neckarsulm 3) € 172,742,684 100 KS Pistões Ltda., Nova Odessa, Brazil RS 97,346,268 100 KS International Investment Corp., Southfield, MI, USA US$ 159,168,982 100 Karl Schmidt Unisia Inc., Marinette, WI, USA US$ 59,245,348 80 KS Large Bore Pistons Inc., Marinette, WI, USA US$ 5,511,929 100 Karl Schmidt Unisia, Zollner Division, Inc., Fort Wayne, IN, USA US$ (77,790,358) 80 Zollner Canada Limited, Leamington, Canada Can$ 6,989,642 80 KS France S.A., Paris, France € 18,600,757 100 Société Mosellane de Pistons S.A., Basse-Ham (Thionville), France € 19,435,736 100 Metal a.s., Ústí, Czech Republic Ck 405,060,697 87 Kolbenschmidt Shanghai Piston Co., Ltd., Shanghai, China 2) ˘ Yuan 182,616,790 35 Tiro Grundstücks-Verwaltungsgesellschaft mbH & Co KG, Grünwald € (331,382) 0 Plain Bearings KS Gleitlager GmbH, St. Leon-Rot 3) € 13,106,935 100 KS Bearings Inc., Greensburg, USA US$ 326,148 100 KS Bronzinas Ltda., Nova Odessa, Brazil Rs 7,542,972 100 Aluminum Technology KS Aluminium-Technologie AG, Neckarsulm € 16,700,200 100 Werkzeugbau Walldürn GmbH, Walldürn € 709,725 100 KS Doehler-Jarvis GmbH, Neckarsulm € 986,174 65 KS Aluminium Beteiligungs-GmbH, Neckarsulm € 3,571 100 Motor Service MSI Motor Service International GmbH, Neckarsulm 3) Equity Interest held (%) (IAS) direct indirect € 15,811,430 100 G. Krull Gesellschaft mit beschränkter Haftung, Neckarsulm € 10,269 100 MTS Motorenteile-Service GmbH, Neuenstadt € (450,857) 100 KS Motorac S.A., Le Blanc Mesnil, France € 1,280,795 100 KS Winston Ltd., Maidenhead, UK £ (171,840) 100 Kolbenschmidt Istanbul Dis Ticaret ve Pazarlama A.S., Istanbul, Turkey € 1,983,772 51 KS Produtos Automotivos Ltda., São Paulo, Brazil Rs 9,596,188 92 KS Motor Servis CZ s.r.o., Trmice, Czech Republic Ck ˘ 15,352,681 64 Litos Grundstücks-Verwaltungsgesellschaft mbH & Co KG, Grünwald € (802,270) 0 Other Kolbenschmidt Liegenschaftsverwaltung GmbH Berlin, Berlin € 7,273,979 100 KS Grundstücksverwaltung Beteiligungs-GmbH, Neckarsulm € 28,989 100 KS Grundstücksverwaltung GmbH & Co. KG, Neckarsulm € 10,702,325 100 IDEKO Industrie Einkauf- und Koordination GmbH, Neckarsulm € 55,204 100 KS Airbag AG, Neckarsulm € 46,736 100 KS Auto- und Motorteile AG, Neckarsulm € 47,203 100 Kolbenschmidt Pierburg K.K., Yokohama, Japan ¥ 6,669,726 100 1) consolidated pro rata 2) included at equity 3) P&L transfer agreement with Kolbenschmidt Pierburg AG 111
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 and 40: 70 Consolidated financial statement
Page 55 and 56: 102 Consolidated financial statemen
Page 57: 106 Consolidated financial statemen
Page 61: 114 Consolidated financial statemen
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Annual Report 2001 - KSPG AG

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