Annual Report - Miba

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30 Miba’s comprehensive vocational training program is an additional main focus in its educational package. Miba has been highly successful in training young people in Austria for decades as illustrated by the excellent results achieved by Miba’s junior employees at the apprenticeship competition of the Province of Upper Austria in the previous fiscal year. Miba was able to come in first and third in the “production technology” category. More than 600 apprentices from one hundred industrial firms took part in the competition. At present, approximately 90 apprentices are undergoing vocational training for the professions of manufacturing technician and electrician. The vocational training takes about three-and-a-half years for each profession. In the 2004/05 fiscal year – in addition to the vocational training opportunities provided at the Laakirchen and Vorchdorf sites – apprentices were also trained at Miba Frictec in Roitham for the very first time. In sum, about one third of Miba’s approximately 1,300 employees in Austria started their career in the corporation as apprentices. In the previous fiscal year, the number of employees increased by 5.7% on average to 2,586. The number of employees amounted to 2,583 as of the reporting date January 31, 2005. In 2004/05, personnel expenditure rose from 106.1 to 114.4 million EUR.
Miba Group Employees (yearly average) 2600 2550 2500 2450 2400 2350 2300 2250 2200 2,350 2,461 2,447 2,586 2001/02 2002/03 2003/04 2004/05 Employees by regions Slovakia 235 Spain 371 Singapore 18 USA 246 Austria 1,292 Great Britain 154 Italy 270 31
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: One of the main pillars of Miba’s
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
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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
Page 102 and 103:
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
Page 108 and 109:
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
Page 126 and 127:
120 Imprint Publisher Miba Aktienge
Page 128:
www.miba.com
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Annual Report - Miba

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