E_mg_GB_03_vorne-29_3_04

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114 The securities attributable to Dynamit Nobel are not of material importance. Marketable securities attributable to continued operations were classified as follows at December 31, 2003: 12/31/2003 Available for sale Amortized Gross Gross Cost Unrealized Gain Unrealized Loss Fair Value t ’000 t ’000 t ’000 t ’000 Equity 5,329 1,405 -9 6,725 Debt 8,772 72 8,844 Total available for sale Held to maturity 14,101 1,477 -9 15,569 Debt 72 - - 72 Total held to maturity 72 - - 72 Total 12/31/2002 14,173 1,477 -9 15,641 Available for sale Equity 22,456 25 -7,975 14,506 Debt 48,176 823 - 48,999 Total available for sale Held to maturity 70,632 848 -7,975 63,505 Debt 2,504 2 - 2,506 Total held to maturity 2,504 2 - 2,506 Total 73,136 850 -7,975 66,011 Contractual maturities of debt securities, regardless of their balance sheet classification, are given in the following schedule: Amortized Cost Fair Value Contractual Maturity P ’000 t ’000 Due in 2004 8,652 8,724 2005-2007 125 125 Thereafter 67 67 Total 8,844 8,916 Actual maturities may differ from contractual maturities because borrowers have the right to call or repay certain obligations. Proceeds from the sale of available-for-sale securities amounted to a83.549 million in 2003 (prior year: a20.000 million). Purchases of securities came to a32.420 million (prior year: a9.458 million). Gross gains of a2.129 million (prior year: a1.841 million) and losses of a6.410 million (prior year: a70,000) were realized on those sales and are reported as ‘Other income’ and 'Other expenses'.
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 In 2003, losses of a118,000 (prior year: a2.271 million) from ‘Accumulated other comprehensive income/loss’ were expensed in the statements of income and reported as ‘Write-down of investments and long-term financial assets and marketable securities’, as the impairment of the securities in question is not expected to be merely temporary. The gains and losses realized in 2003 were calculated based on a specific valuation of these securities. 6) Cash and Cash Equivalents Restricted cash and cash equivalents of a12.730 million were held at December 31, 2003 (prior year: a4.737 million). The majority of these relate to the settlement of the Customer Cases II lawsuit reached during the year under review (for further information see Note 14) ‘Litigation’). The prioryear amounts relating to deposits held at the bankrupt Gontard & MetallBank AG i.I. were liquidated in 2003. In accordance with SFAS 95 (‘Statement of Cash Flows’), the consolidated statements of cash flows have been broken down into operating activities, investing activities and financing activities. Any effects resulting from changes in the scope of consolidation and exchange rate influences have been adjusted accordingly in the three above-mentioned sections. Non-cash expenses mainly comprise gains and losses of companies reported at equity as well as losses on securities transactions realized in 2003. Cash flows from the sale and acquisition of businesses in the ‘investing activities’ section have been adjusted for outflows and inflows of cash and cash equivalents. DVFA/SG cash flow comes to a97.038 million (prior year: a21.780 million). Net cash provided by asset management activities amounts to a39.809 million (prior year: cash outflow of a 64.767 million). This results in net cash of a136.847 million provided by operating activities (prior year: cash outflow of a42.987 million). Allowing for the net cash used for investing activities, free cash flow comes to minus a36.889 million (prior year: cash outflow of a96.501 million). 1/1/2003 - 10/1/2002 - 12/31/2003 12/31/2002 u ’000 t ’000 Net loss – 198,600 – 30,998 Adjustment for net profit/loss on discontinued operations 69,623 – 2,488 Depreciation and amortization of fixed assets 212,953 48,783 Other non-cash expenses 2,644 22 Change in pension reserves 10,418 6,461 = DVFA/SG cash flow 97,038 21,780 + Net cash provided by (used for) asset management activities 39,809 – 64,767 = Net cash provided by (used for) operating activities 136,847 – 42,987 + Net cash used for investing activities – 173,736 – 53,514 = Free cash flow – 36,889 – 96,501 115
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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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Page 81 and 82: mg's mission is to ensure sustainab
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Key Figures for the mg Group RESULT
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E_mg_GB_03_vorne-29_3_04

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