E_mg_GB_03_vorne-29_3_04

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98 The following list summarizes the main unaudited key figures of companies reported at equity at December 31, 2003. The relevant figures are given in full and are based on the most recently available annual accounts in each case. For the sake of comparability, the prior year figures have been adjusted to take account of two factors. First, they do not include discontinued operations; and second, a company that filed for bankruptcy last year has been excluded. As the vast majority of the companies reported at equity did not prepare separate annual accounts at December 31, 2002 and, consequently, the data for the short 2002 fiscal year was largely identical to that at the balance sheet date of the last full fiscal year (September 30, 2002), the figures for the last full fiscal year have been repeated for the short 2002 fiscal year. These figures constitute the comparative figures for fiscal 2003. Figures from the Statements of Income 1/1/2003 - 10/1/2001 - 12/31/2003 9/30/2002 u ’000 t ’000 Revenues 101,672 74,094 Net loss 2,358 1,025 Figures from the Balance Sheets 12/31/2003 9/30/2002 u ’000 t ’000 Total assets 190,167 122,376 Shareholders’ equity 64,213 57,674 The growth in total assets is the result of a substantial purchase of fixed assets by one GEA company and the completion of a long-term construction contract by a Lurgi company. This construction contract is also the reason for the rise in revenues. E) Acquisitions In fiscal 2003, the following significant acquisitions were consolidated under the purchase method of accounting. Accordingly, all assets acquired and liabilities assumed are recorded at fair value. GEA In addition to the GEA shares acquired in prior years, the mg Group acquired a further 0.01% of GEA’s common stock and 0.03% of its preferred stock in 2003. mg technologies ag therefore held 98.04% of GEA’s capital stock at December 31, 2003. GEA’s shares were acquired in two tranches. Effective April 1, 1999, mg acquired a first tranche of 74.85% of the common stock (37.43% of the total outstanding shares) of GEA Aktiengesellschaft, Bochum. Since fiscal 1998/1999, mg technologies ag has made the remaining GEA shareholders the following offer for the remaining outstanding shares: a second tranche consisting of five mg technologies ag shares for three GEA AG common shares, or three mg technologies ag shares for two GEA AG preferred shares.
MANAGEMENT SHARE STRATEGY SPECIAL SECTION MANAGEMENT REPORT FINANCIAL STATEMENTS FURTHER INFORMATION Consolidated Balance Sheets • Statements of Income • Statements of Cash Flows • Statements of Changes in shareholders’ Equity • Fixed Assets Schedule • Notes • Independent Auditors’ Report The following table documents the take-up of mg’s exchange offer. Preferred Common Stock Stock Total First tranche: Acquired on April 1, 1999 0.00% 74.85% 37.43% Second tranche: Acquired up to September 30, 1999 5.42% 1.32% 3.37% Balance at September 30, 1999 5.42% 76.17% 40.80% Acquired up to September 30, 2000 91.13% 22.70% 56.91% Balance at September 30, 2000 96.55% 98.88% 97.71% Acquired up to September 30, 2001 0.41% 0.11% 0.27% Balance at September 30, 2001 96.96% 98.99% 97.98% Acquired up to September 30, 2002 0.04% 0.04% 0.03% Balance at September 30, 2002 97.00% 99.03% 98.01% Acquired up to December 31, 2002 0.002% 0.003% 0.002% Balance at December 31, 2002 97.00% 99.03% 98.02% Acquired up to December 31, 2003 0.03 % 0.01 % 0.02 % Balance at December 31, 2003 97.03 % 99.04 % 98.04 % In addition to a cash component, 58,566,723 mg technologies ag shares (2001/2002: 58,553,716 shares) worth a total of a1,835.3 million (2001/2002: a1,835.1 million) were used in the two tranches. Owing to the minor importance of the newly acquired GEA shares, as in the prior year, the excess of the consideration given for the shares over the fair value of net assets acquired was not calculated separately. Morris & Young Ltd. Grasso Holding Ltd., London, U.K., which belongs to GEA, acquired Morris & Young Ltd., London, effective March 1, 2003. The acquisition cost amounted to a654,000. This acquisition gave rise to goodwill of a1.898 million. Fleissner Zimmer AG, Frankfurt am Main, acquired Fleissner GmbH & Co. Maschinenfabrik, Egelsbach, Germany, indirectly via Zimmer Betriebs-GmbH, Frankfurt am Main, effective November 14, 2003. The acquisition cost amounted to a26.553 million. This acquisition revealed hidden reserves of a21.1 million. It also gave rise to goodwill of a2.679 million. During the short 2002 fiscal year from October 1 through December 31, 2002, the following significant acquisitions were consolidated under the purchase method of accounting. Plate Heat Exchanger Activities of BBP Service Ratingen GmbH Effective October 10, 2002, GEA Ecoflex GmbH, Sarstedt, Germany, acquired the plate heat exchanger activities of BBP Service Ratingen GmbH, Ratingen, Germany, as part of an asset deal. The acquisition cost amounted to a5.157 million. This gave rise to goodwill of a4.791 million. 99
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“2003 was a year of transition fo
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Consolidated Key Figures 2003 RESUL
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Creating freedom for action CONTENT
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MANAGEMENT SHARE STRATEGY SPECIAL S
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zation As the world’s population
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The pharmaceutical industry will co
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Milk Last year, over 160 million co
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The MODUL tablet press produced by
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For a technology-driven organizatio
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MANAGEMENT AKTIE STRATEGIE SONDERTE
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Key Figures for the mg Group RESULT
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