Annual Report - Miba

Miba generates the majority of its sales in the Euro zone. The currency risk in the
operational sector can therefore be considered insignificant. USD sales predominantly
pertain to sites in Austria. To a large extent, they are backed by exchange rate hedging
transactions.
Due to the continuous monitoring of new and existing customers and stringent credit
management, the customers’ credit risk is considered minor. The default risk is further
minimized through existing insurance policies.
The interest rate risk is defined as the risk of increasing interest paid and decreasing
interest received from financial positions. In general, the interest rate risk is considered
insignificant.
An accurate presentation of the individual risk components can be consulted in the Notes
to the Consolidated Statements Page 106/107.
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