OFFERING MEMORANDUM Global Offering of up to ... - Nordex

Equity & liabilities
Note
A. Equity (5.6)
Balance at
Sep. 30, 2000
pro forma
Balance at
Sep. 30, 1999
pro forma
Balance at
Sep. 30, 1998
pro forma
E E E
I. Capital stock 306,561.92 231,561.92 206,561.92
II. Additional paid-in capital 6,047,049.08 6,047,049.08 6,047,049.08
III. Pro forma net earnings 9,660,374.79 6,384,188.00 892,730.80
B. Accruals (5.7)
16,013,985.79 12,662,799.00 7,146,341.80
1. Tax accruals 3,179,384.71 868,897.12 82,260.22
2. Sundry accruals 16,516,703.83 7,334,227.39 2,930,479.50
19,696,088.54 8,203,124.51 3,012,739.72
C. Future payables under long-term construction
contracts (5.8) 0.00 590,097.30 0.00
D. Liabilities (5.9)
1. Prepayments received 0.00 47,167.44 0.00
2. Due to banks 180,262.11 58,562.98 0.00
3. Trade payables 44,121,740.03 34,097,308.88 8,424,436.86
4. Due to Babcock Borsig Group companies 63,152,135.44 19,117,281.81 9,355,579.51
5. Sundry liabilities 7,131,778.73 4,314,841.10 781,313.78
114,585,916.31 57,635,162.21 18,561,330.15
E. Deferred income (5.10) 165,251.93 46,476.43 0.00
F. Deferred tax liabilities (6.10) 2,640,080.68 2,856,117.35 675,028.51
F-4
153,101,323.25 81,993,776.80 29,395,440.18