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

Pro forma CONSOLIDATED INCOME STATEMENT
according to IAS
for the three months ended December 31, 2000
with statistical data
for the three months ended December 31, 1999
Note
First Quarter First Quarter
for Fiscal for Fiscal
Year 2000/2001 Year 1999/2000
pro forma pro forma
E E
Net sales (6.1) 63,003,701.96 28,045,088.78
Change in inventories of work in process 6,125,286.76 15,193,204.59
Total operating performance 69,128,988.72 43,238,293.37
Other operating income (6.2) 526,210.68 309,607.35
Cost of materials (6.3)
cost of raw materials and supplies (40,328,659.31) (28,979,812.15)
cost of services purchased (10,437,730.95) (6,028,352.76)
Gross profit 18,888,809.14 8,539,735.81
Personnel expenses (6.4)
(a) wages and salaries (4,943,532.65) (3,276,731.22)
(b) social security taxes (751,713.73) (729,943.00)
Amortization of intangible assets and depreciation of property,
plant & equipment (1,751,921.00) (530,925.87)
Other operating expenses (6.5) (9,516,745.69) (4,995,913.87)
Operating profit/(loss) 1,924,896.07 (993,778.15)
Other interest and similar income 34,118.79 34,790.26
Interest and similar expenses (954,118.90) (215,261.32)
Net financial result (6.6) (920,000.11) (180,471.06)
Profit/(loss) from ordinary operations 1,004,895.96 (1,174,249.21)
Income taxes (6.7)
current (687,763.33) (454,617.22)
imputed 442,006.88 122,150.09
deferred (329,948.95) 790,722.78
Other taxes (8,918.17) (4,176.16)
Quarterly net income/(loss) 420,272.39 (720,169.72)
Adjustment for pro forma group fee apportionment and imputed
taxes 652,493.13 550,349.91
Profit transfer (243.52) (370,030.53)
Pro forma profit carryover 9,660,374.79 6,384,188.00
Elimination of pro forma profit carryover plus the subsidiaries’
quarterly net income/(loss) as of Dec. 31, 2000, due to pro
forma capital consolidation (11,226,155.32) 0.00
Pro forma net earnings/(pro forma accumulated deficit) (493,258.53) 5,844,337.66
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