AT&S World

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Group Management Report 2010/11 114 basis for the external quarterly interim reporting and the annual reporting of the AT&S Group in accordance with IFRS. The annual preparation of the budget is made by the Group Controlling department, which also reports to the Chief Financial Officer. Based on the quarterly results and current planning information, quarterly forecasts are drawn up during the year for the remaining financial year. The forecasts with comments on the budget comparison and presentations on the impact of opportunities and risks up to the end of the financial year are reported to the Supervisory Board. In addition to regular reporting, multiple-year planning, project-related financial information or calculations on investment projects are prepared and submitted to the Supervisory Board. Monitoring the entire internal control system, and thus also with regard to the accounting system and financial reporting, is performed by the process-independent staff unit internal audit, which reports to the Chief Financial Officer. The scope of activities of the internal audit includes all functions and companies of the AT&S Group. Awarding audit contracts and dealing with the audit results are the responsibilities of the Management Board as a whole. The audit contracts are awarded by approval of the at least annually prepared audit plan or as a special assignment awarded by the Management Board. The audit plan and the results of the internal audits are reported to the audit committee of the Company. 8. Outlook The increased use of electronic systems in our daily lives, the increase in the penetration rate of communication applications and the increased functionality of mobile end devices will result in a strong demand for high-quality printed circuit boards in the next financial year 2011/12. Due to the focus of AT&S on this Leoben-Hinterberg, 9 May 2011 The Management Board high-end segment, management expects that AT&S will benefit more than proportionally from these developments. Overall, an annual increase in the Group’s sales of 10% to 13% per year is assumed for the coming years, with the mobile devices segment expected to be the main growth driver. In order to be able to meet the expected growth in the business segments of AT&S, the production capabilities in the AT&S Group are expanded and so investments of more than EUR 130 million are planned for the financial year 2011/12. The majority of the investment volume relates to the complete expansion of the existing plant in Shanghai and to the construction costs of the new plant in Chongqing attributable to the following financial year. In addition, investments are also planned for innovations at the Austrian locations. With the additional capacities, management expects revenues of EUR 535 to 550 million for the financial year 2011/12, and thus an increase of around 10% or more over the past financial year. With regard to production costs, increase in raw material prices, wage costs and also depreciation according to the investments is currently expected. In turn, however, productivity gains and at some plants also performance improvements are expected, which leads to the assumption that the profit situation will remain at the currently high level despite the expected start-up costs for the new plant in Chongqing. Thus, for the entire financial year 2011/12, an EBIT margin of more than 9% is expected. Andreas Gerstenmayer m.p. Heinz Moitzi m.p. Thomas Obendrauf m.p.
Statement of all Legal Representatives We confirm to the best of our knowledge that the consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the group as required by the applicable accounting standards and that the Leoben-Hinterberg, 9 May 2011 Andreas Gerstenmayer Chairman The Management Board Heinz Moitzi Chief Technical Officer Statement of all Legal Representatives group management report gives a true and fair view of the development and performance of the business and the position of the group, together with a description of the principal risks and uncertainties the group faces. Thomas Obendrauf Chief Financial Officer 115
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Lighting Solutions Smartphones Medi
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Highlights 2010/11 AT&S relocates h
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Table of Contents Table of Contents
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AT&S’s positioning AT&S has three
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Competent Partner for Navigation Sy
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Letter to our Shareholders Innovati
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Competent Partner for Medical Devic
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Our Mission and Strategy for Contin
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AT&S - a Global Player Austrian pro
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* The RIM and BlackBerry families o
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Industrial Services The Industrial
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The enormous simplification of proc
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Competent Partner for Tablets 25
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Supporting the Next Generation AT&S
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13 participants completed the AT&S
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is complete, the array will have a
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Industrial Services Order intake an
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120% 100% 80% 60% 40% 20% 0% 01/04/
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Financing maturities Maturities in
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Our Asian facilities produced 69% o
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Outlook and Guidance The wider appl
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Table of Contents Corporate Governa
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Corporate Governance Report Princip
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AT&S AG Supervisory Board Corporate
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Independence of Supervisory Board M
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Remuneration Report Corporate Gover
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Directors’ Holdings & Dealings (i
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Table of Contents Consolidated Fina
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Consolidated Balance Sheet Consolid
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Consolidated Statement of Changes i
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The acquisition method of accountin
Page 63 and 64: From the time of their availability
Page 65 and 66: At the time of acquisition they are
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Page 69 and 70: On 31 March 2011 a reduction of the
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Page 73 and 74: Marketing risks Currently, the Grou
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Page 83 and 84: Impairments The impairments in the
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Page 89 and 90: 16. Financial liabilities (in EUR 1
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Page 99 and 100: Valuation hierarchies of financial
Page 101 and 102: Treasury shares At the 16th Annual
Page 103 and 104: authority in China on 1 April 2011.
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Page 109 and 110: through current operations. The rem
Page 111 and 112: 5. Research and development Within
Page 113: eporting, regular reporting is made
Page 117 and 118: Glossary 2.5DTM technology New tech
Page 119 and 120: Imprint/Contact Contacts AT&S Austr
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AT&S World

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