Annual Report - Miba

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8 Report Report of the Supervisory Board At its meetings, the Supervisory Board fulfilled its obligations according to the law and the corporate articles at its meetings, among other things. The Management Board regularly reported on business developments and the state of the company. Important events were reported in verbal or written form to the Chairman of the Supervisory Board or the Deputy Chairman. The Annual Financial Statements and the Status Report, including Notes, were audited by KPMG Austria Gesellschaft mbH, Linz. The final audit report did not raise any objection by the auditors and an unqualified audit certificate was issued. Therefore, the auditor has confirmed that the annual financial statements and Management’s status report comply with the legal requirements. The Supervisory Board agrees with the results of the audit. Based on the final results of its examination of the status report as presented by the Management Board in accordance with Article 127 of the AktG (Austrian Stock Corporation Law), including the proposed profit distribution, the Supervisory Board did not raise any objections. The Supervisory Board has approved the annual financial statements which have thus been officially sanctioned in accordance with Article 125, Paragraph 2 of the AktG (Austrian Stock Corporation Law).
The Supervisory Board would like to take this opportunity to thank the Management Board and all Miba employees for their work performance during this fiscal year. Laakirchen, June 2005 Dkfm. Dr. Hermann Bell Chairman Members of the Supervisory Board Dkfm. Dr. Hermann Bell, Linz, Chairman Chairman of the Supervisory Board of Oberbank AG Dr. Josef Fegerl, Mattsee, Deputy Chairman former Deputy Chairman of the Management Board of Miba AG Dr. Robert Büchelhofer, Starnberg former Board member of Volkswagen AG DDr. Robert Ehrlich, Wels Managing Partner of PC Electric GmbH Dipl. BW Alfred Heinzel, Vienna Chairman of the Management Board of Heinzel Holding GmbH Dr. Theresa Jordis, Vienna Corporate lawyer, Dorda Brugger Jordis Rechtsanwälte GmbH Delegated by the Employee’s Council Hermann Aigner, Vorchdorf Hermann Biesl, Roitham Erika Forstinger, Vorchdorf 9
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: Ing. Alfred Hörtenhuber, Chief Exe
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
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Receivables and other Current Asset
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Sales Revenue Per region: IV Commen
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The members of the Management Board
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Acquisition and Depreciation Manufa
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Miba Aktiengesellschaft, Laakirchen
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"The accounting and the financial s
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Consolidated Financial Statements 2
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74 Miba Aktiengesellschaft, Laakirc
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80 Notes on the Financial Statement
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82 B. Principles of Consolidation w
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84 3. Foreign Currency Translation
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86 On August 27, 2001, the bearing
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88 Deferred taxes reflect timing di
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90 6. Estimates To a certain degree
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92 5. Depreciation in TEUR 2004/05
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94 10. Taxes on income and earnings
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96 in TEUR 01/31/2005 01/31/2004 Ac
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98 For the 2004/05 fiscal year, def
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100 17. Cash and cash equivalents i
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102 Provisions for post-retirement
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104 Changes in accruals As at Forei
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106 E. Other information 30. Cash f
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108 The contracts are stated as of
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110 35. Earnings per share Accordin
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112 Miba Aktiengesellschaft, Laakir
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114 Changes in consolidated fixed a
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116 Segment Reports Appendix 2 to t
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118 Equity Interests as at January
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120 Imprint Publisher Miba Aktienge
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www.miba.com
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