Annual Report - Miba

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68 Auditor’s Report Miba Aktiengesellschaft, Laakirchen We have audited the financial statements as of January 31, 2005 of Miba Aktiengesellschaft, Laakirchen in accordance with the provisions of the Austrian Commercial Code currently valid and with the inclusion of the corporation’s accounting records. Preparation and contents of the financial statements are the responsibility of the corporation’s legal representatives. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the legal provisions and professional principles valid in Austria. These provisions require us to plan and perform the audit in order to obtain reasonable assurance about whether the financial statements are free of significant material misstatements. An audit includes random sampling the documentary evidence supporting the amounts and disclosures recorded in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the corporation’s legal representatives, as well as evaluating the overall financial statement presentation. We believe that our audit provides a sufficiently reasonable basis for our opinion. After completion of our audit, we render the following unqualified audit certificate according to Article 274 paragraph 1 of the Austrian Commercial Code (HGB):
"The accounting and the financial statements, which we have audited in accordance with professional standards, comply with the legal provisions. With due regard to the generally accepted accounting principles, the annual financial statement gives a true and fair view of the company’s asset, financial and return positions. The Management Report is consistent with the annual financial statements.” Linz, April 22, 2005 KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft (Auditors and Tax Consultants Ltd.) Mag. Cäcilia Gruber Mag. Stephan Beurle Auditor and Tax Consultant Auditor and Tax Consultant 69
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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
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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 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: Miba Aktiengesellschaft, Laakirchen
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
Page 116 and 117: 110 35. Earnings per share Accordin
Page 118 and 119: 112 Miba Aktiengesellschaft, Laakir
Page 120 and 121: 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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