A rePort: How is a head- liner actually produced? friedrich ... - polytec

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50 newly acquired AUDI B8 luggage compartment project. In the fi eld of new materials, the usage opportunities of green fl ax has been researched. For the cylinder head covers used in motors, intensive work is being carried out to further develop the oil separation. POLYTEC GROUP used approx. 3% of its consolidated sales for research and development costs. 6. Risk Report and Financial Instruments For details on the risk report, please refer to the explanatory notes under E 4, for information on the derivative fi nancial instruments applied by the Group, please refer to the explanatory notes under C 15 in the Notes. 7. Information in accordance with § 243a of the Austrian Company Code (UGB) POLYTEC HOLDING AG’s share capital is divided in 22,329,585 registered shares having a nominal value of EUR 1.00 each. No other share classes exist. Any and all shares are admitted for trading in the Prime Market segment at Vienna stock exchange. The only shareholder holding a participation of more than 10.0% in the Group’s share capital is Huemer Holding GmbH. Huemer Holding GmbH is an associated company of IMC Verwaltungsgesellschaft mbH, which holds shares in POLYTEC HOLDING AG itself. In total, the participation of both companies amounts to approx. 32% in the Group’s share capital. POLYTEC GROUP’s CEO, Ing. Friedrich Huemer, is sole owner of the shares in IMC Verwaltungsgesellschaft mbH and managing director of both companies with authorisation to represent these companies alone. At the time of preparation of the Consolidated Financial Statement, transfer restrictions of shares concluded by shareholders in the course of the IPO of the company remain in effect (lock-up period). The relating obligations will end 12 months after the closing of such IPO, i.e. on May 2, 2007 and relate to 8,941,187 shares (40.0% of the share capital). Furthermore, Huemer Holding GmbH is entitled to acquire 193,300 shares from Invest Unternehmensbeteiligungs Aktiengesellschaft (call option). This option may be exercised up to three months after the end of the lock-up period. No further restrictions regarding the transfer of shares and no other restrictions regarding the exercise of the voting right are known to the Board of Directors. No owners of shares have special control rights. POLYTEC ANNUAL REPORT 2006 MANAGEMENT REPORT For information on the Board of Director’s opportunity to issue shares, please refer to the explanatory notes on authorised capital in the Notes. No important agreements exist which might be affected by a change of control and no compensation agreements exist between the company and its bodies or employees in case of a public takeover offer. 8. Important Post-Balance Sheet Events Any events occurring after the balance sheet date having a material impact on the assessment of assets and liabilities are either taken into account in the present Financial Statements or are unknown. Hörsching, March 9, 2007 BOARD OF DIRECTORS Friedrich Huemer Chairman of the Management Board Karl Heinz Solly Deputy Chairman of the Management Board Reinhard Urmann Member of the Management Board Alfred Kollros Member of the Management Board
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATE- MENTS 2006 OF POLYTEC HOLDING AG Consolidated Income Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Consolidated Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Consolidated Cash Flow Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Statement of Changes in Consolidated Shareholders Equity . . . . . . . . . . . . . 55 Consolidated Notes for the Financial Year of POLYTEC HOLDING AG . . . . . . 56 General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Consolidation Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Accounting Policies and Valuation Principles . . . . . . . . . . . . . . . . . . . . . . . . . 57 Explanatory Comments on the Consolidated Income Statement and the Consolidated Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 Other Explanatory Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 List of Participations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 Segment Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 Consolidated Chart of Short Term Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . 74 Schedule of Group Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 Auditor‘s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 51 POLYTEC ANNUAL REPORT 2006
Page 1 and 2:
Polytec AT 0 0 0 0 A 0 0 X X 9 Annu
Page 3: POLYTEC GROUP OVERVIEW NET DEBT IN
Page 7 and 8: CONTENTS Preface of the CEO . . . .
Page 9 and 10: crease in order intake. Unfortunate
Page 11 and 12: Milestone ... NOT STIRRED James Bon
Page 13 and 14: Air vent and cabin roof: One of the
Page 15 and 16: BMW in front The BMW is the largest
Page 17 and 18: CLEAR AND
Page 19 and 20: SOUTH AFRICA S POLYTEC COMPOSITES S
Page 21 and 22: Mr Huemer, rumour has it, that you
Page 23 and 24: customers we do not have enough pow
Page 26 and 27: 22 HOW IS A HEADLINER ACTUALLY PROD
Page 28 and 29: 24 POLYTEC ANNUAL REPORT 2006 REPOR
Page 30 and 31: 26 POLYTEC ANNUAL REPORT 2006 REPOR
Page 32 and 33: 28 REINHARD URMANN is a member of t
Page 34 and 35: 30 Kässbohrer suppliers day 1993 F
Page 36 and 37: 32 POLYTEC Elastoform Building unde
Page 38 and 39: 34 seen the accounts of the trouble
Page 40 and 41: 36 CORPORATE GOVERNANCE The Austria
Page 42 and 43: 38 MEMBERS OF THE SUPERVISORY BOARD
Page 44 and 45: 40 INVESTOR RELATIONS INITIAL PUBLI
Page 46: 42 POLYTEC ANNUAL REPORT 2006 INVES
Page 49 and 50: also important for POLYTEC GROUP, u
Page 51 and 52: Automotive Composites Division UNIT
Page 53: solvent-free painting systems in 20
Page 57 and 58: CONSOLIDATED BALANCE SHEET AS OF DE
Page 59 and 60: CHANGES IN SHARE- HOLDERS EQUITY IN
Page 61 and 62: sure of balance sheet silent reserv
Page 63 and 64: 7%). If no independent cash fl ow c
Page 65 and 66: D. EXPLANATORY COMMENTS ON THE CONS
Page 67 and 68: 10. Goodwill Goodwill is allocated
Page 69 and 70: 17. Interest Bearing Liabilities Th
Page 71 and 72: 4. Risk Reporting In the context of
Page 73 and 74: 8. Executive Bodies of POLYTEC HOLD
Page 75 and 76: COST OF ACQUISITION OR PRODUCTION B
Page 77 and 78: OTHERS/ INDUSTRIAL CONSOLIDATION GR
Page 79 and 80: SCHEDULE OF GROUP INVESTMENTS AS OF
Page 81: GLOSSARY ATX PRIME The ATX prime in
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A rePort: How is a head- liner actually produced? friedrich ... - polytec

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