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

(6.4) Other operating income
Breakdown of major items of other operating income:
1999/00 E1,973.699.62
1998/99 E1,191,065.76
1997/98 E897,484.15
1999/00 1998/99 1997/98
E E E
Insurance benefits/refunds 567,191.42 248,091.63 151,982.20
Foreign-exchange gains 425,875.74 31,250.33 58,249.18
Gains from fixed-asset disposal 301,579.52 148,891.74 20,962.56
Income from the compounding of receivables 210,868.08 1,538.58 28,692.73
Expense allowances 96,269.83 186,978.57 240,073.70
Income from sideline business 0.00 230,444.08 345,364.04
Remaining items 371,915.03 343,870.83 52,159.74
(6.5) Cost of materials
Breakdown of the cost of materials:
1,973,699.62 1,191,065.76 897,484.15
1999/00 E203,777,275.90
1998/99 E188,879,752.81
1997/98 E66,593,673.11
1999/00 1998/99 1997/98
E E E
Cost of raw materials & supplies 166,500,959.01 156,020,672.38 52,747,855.91
Cost of services purchased 37,276,316.89 32,859,080.43 13,845,817.20
203,777,275.90 188,879,752.81 66,593,673.11
The cost of raw materials and supplies was mainly incurred for components, operating stores, freight
charges, and energy. The cost of services purchased resulted from outsourced freights, changes in
contract-related accruals, sales commissions, outsourced services for contract handling, and outside
labor.
(6.6) Personal expenses
1999/00 E19,205,652.61
1998/99 E12,750,745.61
1997/98 E6,000,097.34
1999/00 1998/99 1997/98
E E E
Wages and salaries 16,806,910.28 11,211,819,34 5,216,417.18
Social security taxes, pension expense and related employee
benefits 2,398,742.33 1,538,926.27 783,680.16
19,205,652.61 12,750,745.61 6,000,097.34
The annual average headcount in the pro forma group came to 523 in fiscal 1999/2000 (340 in fiscal
1998/99, and 145 in fiscal 1997/98). As of 9-30-2000, the workforce comprised 558 employees (387 as
of 9-30-1999, and 194 as of 9-30-1998).
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