Annual Report - Miba

More documents

Recommendations

Info

100 17. Cash and cash equivalents in TEUR 01/31/2005 01/31/2004 Marketable securities 3 6 Cash on hand, checks, deposits at credit institutions 19,878 27,522 Total 19,881 27,528 As of the balance sheet date, there were no restrictions on the disposal of the amounts included in this item. 18. Share capital As of January 31, 2005, Miba Aktiengesellschaft's share capital amounted to TEUR 9,500, consisting of 1,300,000 individual shares, of which 870,000 are common stock, 130,000 are non-voting convertible preferred stock and 300,000 are non-voting non-convertible preferred stock. Authorized capital On July 4, 2003, the 17th Annual General Shareholders' Meeting authorized the Management Board until December 31, 2004 with the approval of the Supervisory Board to trade company shares without specified purpose and excluding the trade of company shares, with the intention to acquire treasury stock to a lowest value of EUR 47.00 and a highest value of EUR 70.00 up to a total share of 10% of the equity capital according to Article 65 paragraph 1 line 8 of the AktG (Austrian Stock Corporation Law) as well as selling the thus acquired shares in exchange for the acquisition of companies, sites, partial sites or shares of one or more companies in or outside Austria other than by stock exchange or public offer. Furthermore, the Management Board was authorized to withdraw shares without further approval by the Annual General Shareholders’ Meeting. 19. Additional paid-in capital Additional paid-in capital is fully comprised of committed paid-in capital (premium) and remains unchanged at TEUR 18,089. 20. Retained earnings Retained earnings are fully comprised of other uncommitted reserves allocated at an amount required to equal the net retained profit reported in the consolidated financial statements and in Miba Aktiengesellschaft's year-end statement.
21. Equity certificates The equity certificates issued in accordance with Article 174 (3) AktG (Austrian Stock Corporation Law) in 1989 were cancelled by the company with 3 months' notice, effective as of February 29, 2004 (effective cancellation date). All equity certificates were cancelled. Therefore, trading of this instrument on the Vienna Stock Exchange was discontinued on February 27, 2004. In accordance with Article 7 of the terms for equity certificates, the holders of the equity certificates received a settlement in the amount of EUR 14,769,600.00. The settlement was calculated based on the arithmetic average of the closing price of the company’s non-convertible preferred stock (ISIN AT000734835) in the three months prior to the effective cancellation date. 22. Provisions for severance payments and post-retirement benefits Provisions for severance payments and post-retirement benefits are composed of the following: in TEUR 01/31/2005 01/31/2004 Provisions for severance payments 15,161 13,999 Provisions for post-retirement benefits 1,167 2,765 Total 16,328 16,764 Provisions for severance payments in TEUR 01/31/2005 01/31/2004 Cash value of projected benefit obligations (PBO) = opening balance 13,999 13,439 Expenses related to years of service 934 1,053 Interest expenses 759 710 Severance payments -944 -1,384 Other changes 413 181 Cash value of projected benefit obligations (PBO) = closing balance 15,161 13,999 101
Page 1 and 2:
Innovation in Motion Annual Report
Page 3:
Income Statement (in EUR million) 2
Page 7 and 8:
Annual Report 2004/05 Innovation in
Page 9 and 10:
Preface by the Chief Executive Offi
Page 11 and 12:
DI DDr. h.c. Peter Mitterbauer, Cha
Page 13 and 14:
Ing. Alfred Hörtenhuber, Chief Exe
Page 15:
The Supervisory Board would like to
Page 19 and 20:
Excellent performance The Miba Shar
Page 21:
Development of the Miba stock in th
Page 24 and 25:
18 Highlights 2004/05 Highlights Fe
Page 26 and 27:
20 Miba Bearings US LLC, USA Miba H
Page 28 and 29:
22 In 2004/05, Miba Bearing Group a
Page 30 and 31:
24 Sales volume by markets NAFTA 15
Page 33 and 34:
Business Report 27
Page 35 and 36:
One of the main pillars of Miba’s
Page 37 and 38:
Miba Group Employees (yearly averag
Page 39 and 40:
Technological leadership strengthen
Page 42 and 43:
36 At present, the West-European au
Page 44 and 45:
38 The product group gears showed c
Page 46 and 47:
40 In the past fiscal year 2004/05,
Page 48 and 49:
42 In Europe, Miba Bearing Group wa
Page 50 and 51:
44 2004/05 was a highly successful
Page 52 and 53:
46 In the preceding fiscal year, th
Page 54 and 55:
48 Risk Report Risk Report As a par
Page 57 and 58: Financial Statements 2004/05 of Mib
Page 59 and 60: A. Shareholders’ Equity: 01/31/20
Page 61 and 62: Miba Aktiengesellschaft, Laakirchen
Page 63 and 64: The annual financial statements wer
Page 65 and 66: Receivables and other Current Asset
Page 67 and 68: Sales Revenue Per region: IV Commen
Page 69 and 70: The members of the Management Board
Page 71 and 72: Acquisition and Depreciation Manufa
Page 73 and 74: Miba Aktiengesellschaft, Laakirchen
Page 75 and 76: "The accounting and the financial s
Page 77: Consolidated Financial Statements 2
Page 80 and 81: 74 Miba Aktiengesellschaft, Laakirc
Page 86 and 87: 80 Notes on the Financial Statement
Page 88 and 89: 82 B. Principles of Consolidation w
Page 90 and 91: 84 3. Foreign Currency Translation
Page 92 and 93: 86 On August 27, 2001, the bearing
Page 94 and 95: 88 Deferred taxes reflect timing di
Page 96 and 97: 90 6. Estimates To a certain degree
Page 98 and 99: 92 5. Depreciation in TEUR 2004/05
Page 100 and 101: 94 10. Taxes on income and earnings
Page 102 and 103: 96 in TEUR 01/31/2005 01/31/2004 Ac
Page 104 and 105: 98 For the 2004/05 fiscal year, def
Page 108 and 109: 102 Provisions for post-retirement
Page 110 and 111: 104 Changes in accruals As at Forei
Page 112 and 113: 106 E. Other information 30. Cash f
Page 114 and 115: 108 The contracts are stated as of
Page 116 and 117: 110 35. Earnings per share Accordin
Page 118 and 119: 112 Miba Aktiengesellschaft, Laakir
Page 120 and 121: 114 Changes in consolidated fixed a
Page 122 and 123: 116 Segment Reports Appendix 2 to t
Page 124 and 125: 118 Equity Interests as at January
Page 126 and 127: 120 Imprint Publisher Miba Aktienge
Page 128: www.miba.com
show all

Annual Report - Miba

Create successful ePaper yourself

Delete template?

Save as template?