OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
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(6) Comments on the income statement<br />
(6.1) Net sales<br />
First Quarter for Fiscal Year 2000/2001 E63,003,701.96<br />
First Quarter for Fiscal Year 1999/2000 E28,045,088.78<br />
For the breakdown and analysis <strong>of</strong> net sales by geographical markets (regions), reference is made <strong>to</strong> the<br />
segment report.<br />
Contrary <strong>to</strong> the separate HGB-based financial statements, net sales also include revenues from PoC<br />
accounting under IAS 11, cf. Note (5.3).<br />
(6.2) Other operating income<br />
First Quarter for Fiscal Year 2000/2001 E526,210.68<br />
First Quarter for Fiscal Year 1999/2000 E309,607.35<br />
The other operating income was substantially derived from costs billed, exchange rate differences,<br />
gains from fixed-asset disposal, release <strong>of</strong> accruals, and insurance benefits/indemnities.<br />
(6.3) Cost <strong>of</strong> materials<br />
Breakdown:<br />
First Quarter for Fiscal Year 2000/2001 E50,766,390.26<br />
First Quarter for Fiscal Year 1999/2000 E35,008,164.91<br />
First Quarter<br />
for Fiscal<br />
Year 2000/2001<br />
First Quarter<br />
for Fiscal<br />
Year 1999/2000<br />
E E<br />
Cost <strong>of</strong> raw materials and s<strong>up</strong>plies 40,328,659.31 28,979,812.15<br />
Cost <strong>of</strong> services purchased 10,437,730.95 6,028,352.76<br />
50,766,390.26 35,008,164.91<br />
The cost <strong>of</strong> raw materials and s<strong>up</strong>plies was mainly incurred for components, operating s<strong>to</strong>res, and<br />
energy. The cost <strong>of</strong> services purchased resulted from outsourced freights, changes in contract-related<br />
accruals, commissions, outsourced services for contract handling, and outside labor.<br />
(6.4) Personnel expenses<br />
First Quarter for Fiscal Year 2000/2001 E5,695,246.38<br />
First Quarter for Fiscal Year 1999/2000 E4,006,674.22<br />
First Quarter<br />
for Fiscal<br />
Year 2000/2001<br />
First Quarter<br />
for Fiscal<br />
Year 1999/2000<br />
E E<br />
Wages and salaries 4,943,532.65 3,276,731.22<br />
Social security taxes, pension expense and related employee benefits 751,713.73 729,943.00<br />
5,695,246.38 4,006,674.22<br />
The quarterly headcount in the pro forma gro<strong>up</strong> averaged 610 in First Quarter for Fiscal Year 2000/<br />
2001 (<strong>up</strong> from 389 in First Quarter for Fiscal Year 1999/2000). As <strong>of</strong> 12-31-2000, the workforce<br />
comprised 634 employees (<strong>up</strong> from 440 at 12-31-1999).<br />
F-54
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