Annual Report - Miba

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34 The technology for low-noise carbon friction materials developed by Miba Friction Group has proven particularly reliable. On the basis of this technology, the new generations of all-wheel drives in Europe and the US are being fitted with corresponding locking differential plates. Over the past year, Miba Friction Group introduced significant new developments in the field of wear-resistant wet running linings for synchronizers in passenger cars and commercial vehicles as well as for clutches of motorcycles. Additional main research was carried out in the field of high-performance brake linings for high-speed trains. Impressive proof of successful development activity has been furnished by the success of Miba’s friction materials in international racing. At the beginning of the year, Mitsubishi’s racing team won the Barcelona-Dakar desert rally using Miba Friction Group’s clutch linings.
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: Technological leadership strengthen
Page 43 and 44: Right on track in a difficult envir
Page 45 and 46: Miba Sinter Group’s four remainin
Page 47 and 48: Using market opportunities in the F
Page 49 and 50: In the 2004/05 fiscal year, a chang
Page 51 and 52: Exemplary start-up of a new plant I
Page 53 and 54: Cautiously optimistic Outlook Miba
Page 55: Miba generates the majority of its
Page 58 and 59: 52 Miba Aktiengesellschaft, Laakirc
Page 64 and 65: 58 III Comments on the Balance Shee
Page 66 and 67: 60 acquired shares in exchange for
Page 68 and 69: 62 Income from Investments Income f
Page 70 and 71: 64 Changes in Fixed Assets as at Ja
Page 74 and 75: 68 Auditor’s Report Miba Aktienge
Page 79 and 80: Miba Aktiengesellschaft, Laakirchen
Page 81 and 82: A. Consolidated shareholder’s equ
Page 83 and 84: Retained Equity Consolidated earnin
Page 85 and 86: 2004/05 2003/04 Rounded figures TEU
Page 87 and 88: statements and a group management r
Page 89 and 90: The results of the consolidation gr
Page 91 and 92:
Rate on the balance sheet date Aver
Page 93 and 94:
The scheduled straight-line depreci
Page 95 and 96:
y the 2004 Pension Reform (2003 Bud
Page 97 and 98:
3. Expenses for material and other
Page 99 and 100:
8. Net interest income in TEUR 9. O
Page 101 and 102:
The national (Austrian) tax rate of
Page 103 and 104:
Long-term securities, which are cla
Page 105 and 106:
16. Accounts receivable and other r
Page 107 and 108:
21. Equity certificates The equity
Page 109 and 110:
24. Other long-term liabilities Thi
Page 111 and 112:
Reclassification Reversal Use Alloc
Page 113 and 114:
Currency risk means that the value
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34. Information on executive bodies
Page 117 and 118:
36. Proposed distribution of profit
Page 119 and 120:
In our opinion, the consolidated fi
Page 121 and 122:
Accumulated depreciation Net value
Page 123 and 124:
Frictec Other Consolidation Total G
Page 125 and 126:
Nominal capital in thousand Direct
Page 127 and 128:
Investor Relations: Financial Calen
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Annual Report - Miba

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