Annual Report - Miba

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60 acquired shares in exchange for the acquisition of companies, sites, partial sites or shares of one or more companies in or outside of Austria other than by stock exchange or public offer. The company must publicize the buy-back program as well as its duration. Furthermore, the Management Board was authorized to withdraw shares without further approval by the <strong>Annual</strong> General Shareholders’ Meeting. Capital Reserves Capital reserves relate to all committed additional paid-in capital in the share premium account from the share issue at the company’s incorporation, the share premium account of Emission B as well as from the issue of equity certificates according to Article 174 paragraph 3 of the Austrian Stock Corporation Law (AktG) and the issue of 6 1/4 % bonds with warrants. The equity certificates according to Article 174 paragraph 3 of the Austrian Stock Corporation Law (AktG) (total nominal value: EUR 1,162,765.35) were cancelled by the company giving three months’ notice, effective as of February 29, 2004 (effective cancellation date). All equity certificates were cancelled; therefore, trading of this instrument at the Vienna Stock Exchange was discontinued on February 27, 2004 at the end of the day. According to the equity certificate regulations, the repayment amount of EUR 14,769,600.00 is recorded under the balance sheet item “Equity certificates” according to Article 174 paragraph 3 of the Austrian Stock Corporation Law (AktG). The difference to the total nominal amount (EUR 13,606,834.65) appears in the consolidated income statement of the previous fiscal year under “Extraordinary expenses”. Untaxed Reserves The breakdown of the untaxed reserves and their development in the year under review is illustrated separately (see Appendix 2 to the Notes). Other Provisions Other provisions primarily include provisions for personnel expenses. Liabilities All liabilities due January 31, 2005 (and in the previous year) have a residual term of up to one year. The item “Other liabilities” includes expenditure amounting to EUR 77,390.17 (TEUR 68.3 in the previous year), which does not become due until after the balance sheet date.
Sales Revenue Per region: IV Comments on the Income Statement 2004/05 2003/04 EUR TEUR Domestic 8,474,889.55 8,598.7 Foreign 1,877,166.73 478.2 Employees (annual average) 10,352,056.28 9,076.9 2004/05 2003/04 Salaried employees 60 54 The expenditure for severance payments and contributions to company-sponsored employee provision funds are as follows: 2004/05 2003/04 EUR TEUR Board members 10,309.00 59.8 Other employees 242,566.92 -55.5 252,875.92 4.2 The item “Expenditure for severance payments and contributions to company-sponsored employee provision funds” includes contributions to company-sponsored employee provision funds amounting to EUR 10,399.07 (TEUR 3.3 in the previous year). The expenditure for post-retirement benefits are as follows: 2004/05 2003/04 EUR TEUR Board members 264,466.00 419.7 61
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Innovation in Motion Annual Report
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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: Receivables and other Current Asset
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 106 and 107: 100 17. Cash and cash equivalents i
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
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110 35. Earnings per share Accordin
Page 118 and 119:
112 Miba Aktiengesellschaft, Laakir
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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
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Annual Report - Miba

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