Annual Report - Miba

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78 <strong>Miba</strong> Aktiengesellschaft, Laakirchen Consolidated Cash Flow Statement 2004/05 2003/04 Rounded figures TEUR TEUR 1. Consolidated cash flow from operations Earnings before taxes (EBT) 23,347 21,637 -Taxes on income and earnings +Depreciation on fixed assets -5,844 -6,730 and at-equity changes 21,401 26,266 +Book value of disposed assets 5,652 2,121 +Decrease in deferred tax assets 2,563 14 +Allocation to long-term reserves -77 -344 = Balance sheet cash flow -(+) Income (loss) from the disposal 47,042 42,964 of fixed assets -528 91 -Book value of disposed assets -5,652 -2,121 = Consolidated cash flow from income -(+) Increase (decrease) in inventories 40,862 40,934 and prepaid expenses + (-) Increase (decrease) in advance payments received -3,435 -55 and deferred income -(+) Increase (decrease) in accounts receivable, -2,197 -1,793 other receivables and inter-company receivables + (-) Increase (decrease) in accounts payable -9,107 -516 inter-company liabilities and other liabilities + (-) Increase (decrease) in current accruals 14,399 -277 and deferred tax liabilities -393 -5,380 -(+) Foreign currency translation and other changes -1,019 -4,641 -1,752 -12,662 Consolidated cash flow from operations 39,110 28,272
2004/05 2003/04 Rounded figures TEUR TEUR 2. Consolidated cash flow from investment activities -Investments in tangible and intangible assets - Investments in financial assets -24,683 -24,287 (excluding equity interests) + (-) Income (loss) from the disposal -1.796 -134 of fixed assets 528 -91 +Book value of disposed assets 5,652 2,121 + (-) Foreign currency translation on fixed assets 1,063 5,740 Consolidated cash flow from investment activities -19,236 -16,651 3. Consolidated cash flow from financing activities -Dividend of parent company -3,250 -3,650 - Repayment of equity certificates - Repayment of loans and other -14,770 0 long-term credit from credit institutions -9,959 -14,283 -(+) Repayment/increase in non-bank loans 458 -535 Consolidated cash flow from financing activities -27,521 -18,468 + (-) Consolidated cash flow from operations 39,110 28,272 + (-) Consolidated cash flow from investment activities -19,236 -16,651 + (-) Consolidated cash flow from financing activities = Change in cash and cash equivalents and -27,521 -18,468 consolidated marketable securities -7,647 -6,847 +Opening balance cash and cash equivalents 27,528 34,375 =Closing balance cash and cash equivalents 19,881 27,528 79
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Innovation in Motion Annual Report
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Income Statement (in EUR million) 2
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Annual Report 2004/05 Innovation in
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Preface by the Chief Executive Offi
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DI DDr. h.c. Peter Mitterbauer, Cha
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Ing. Alfred Hörtenhuber, Chief Exe
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The Supervisory Board would like to
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Excellent performance The Miba Shar
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Development of the Miba stock in th
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18 Highlights 2004/05 Highlights Fe
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20 Miba Bearings US LLC, USA Miba H
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22 In 2004/05, Miba Bearing Group a
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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 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 82 and 83: 76 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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