E_mg_GB_03_vorne-29_3_04

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21) Minority Interests
Minority interests relate mainly to GEA and to the Menzolit Fibron Group, which belongs to Dynamit
Nobel.
22) Profit/Loss on discontinued operations
A breakdown of the profit/loss on discontinued operations is shown under Note G) ‘Discontinued
operations’.
23) Earnings per Share
Basic and diluted earnings per share are computed as follows (in thousands of euros; exceptions are
indicated accordingly):
1/1/2003 - 10/1/2002 -
12/31/2003 12/31/2002
u ’000 t ’000
Net loss – 198,600 – 30,998
thereof on continued operations – 128,073 – 33,058
thereof on discontinued operations – 70,527 2,060
Weighted-average number of shares outstanding (in thousands) 193,778 193,333
Basic earnings per share in u
on net loss – 1.02 – 0.16
on continued operations – 0.66 – 0.17
on discontinued operations – 0.36 0.01
Net loss – diluted – 198,600 – 30,998
thereof on continued operations – diluted – 128,073 – 33,058
thereof on discontinued operations – diluted – 70,527 2,060
Weighted-average number of shares outstanding (in thousands) 193,778 193,333
Shares from GEA acquisition not yet exchanged – –
Dilutive effect of convertible bonds and notes – –
Shares purchasable with proceeds of options
Adjusted weighted-average number of shares outstanding
– –
– diluted (in thousands) 193,778 193,333
Diluted earnings per share in u
on net loss – 1.02 – 0.16
on continued operations – 0.66 – 0.17
on discontinued operations – 0.36 0.01
There was no dilutive effect as a result of GEA shares not yet exchanged, the existing stock option
program and employee share ownership program, or convertible participatory capital. Because mg’s
continued operations reported a net loss for the year, any potentially dilutive effects had an antidilutive
effect, as in the short 2002 fiscal year. This would improve its diluted earnings per share
rather than reducing them.
24) Related-Party Transactions
As in the two previous fiscal years, Allianz AG (including Dresdner Bank AG) and Dr. Otto Happel
continued to hold over 10% each of the voting stock in mg technologies ag during the year under
review and were therefore deemed to be principal owners as defined by SFAS 57 (‘Related Party
Disclosures’). In 2003, Dr. Otto Happel became mg’s largest shareholder when he raised his stake
from 10.02% in the prior year to 20.7%.