Annual Report - Miba

The national (Austrian) tax rate of 33.25 % results from the allocation of the 34 % tax rate
which was valid until December 31, 2004 and the 25 % tax rate which is valid from
January 1, 2005 onwards.
11. Intangible assets
A detailed classification and the changes in intangible assets are provided in Appendix 1
to the Notes.
Changes in goodwill are as follows:
in TEUR
01/31/2005 01/31/2004
Opening balance 15,340 18,161
Foreign currency translation -379 -1,331
Annual depreciation 0 -1,490
Closing balance 14,961 15,340
Customer relations
A detailed classification and the changes in intangible assets are provided in Appendix 1
to the Notes. Customer relations are subject to scheduled depreciation over a period of 10
to 15 years.
12. Property, plant & equipment
Effective February 1, 2002, goodwill was partially reclassified (see comments under C.1)
and subsequently reported as customer relations. Customer relations are subject to
scheduled depreciation over a period of 10 to 15 years.
According to IAS 17, fixed assets used under a lease agreement and allocable to Miba AG
Group's economic property based on the structure of the lease agreement are reported
under property, plant & equipment. The balance sheet item “Plant and Machinery” includes
the following assets covered by financial lease agreements:
95