Annual Report - Miba

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6. Estimates
To a certain degree, the consolidated financial statements are based on estimates and
assumptions affecting the stated assets and liabilities, the disclosure of other liabilities on
the balance sheet date and income and expenses for the reporting period. Actual amounts
in the future may differ from these estimates. The principle of true and fair view was also
unconditionally applied to such estimates.
D. Notes to the Income Statement and the Balance Sheet
1. Revenue from sales
Revenue from sales is reported in detail under the segment report where it is classified
according to business segments and regions.
Revenue from sales for the 2004/05 fiscal year includes deferred revenue from production
on contract in the amount of TEUR -1,804 (TEUR 1,674 in the previous year). Revenue
from production on contract includes period-adjusted partial profits based on the percentage
of completion. The percentage of completion is determined by the ratio between
the contract costs incurred prior to the balance sheet date and the estimated total contract
costs (cost-to-cost-method).
2. Other operating income
in TEUR
2004/05 2003/04
Income from disposal of and
additions to fixed assets,
except for financial assets 645 273
Income from the reversal 727 1,123
Unrealized market profits 955 990
Other income 9,155 3,726
Total 11,482 6,112
Insurance income in the amount of TEUR 2,320 is included under other income.