(11) Earnings per share First Quarter for Fiscal Year 2000/2001 First Quarter for Fiscal Year 1999/2000 E E Capital s<strong>to</strong>ck = no. <strong>of</strong> shares <strong>of</strong> Taifun AG at 12-31-00 34,050,000.00 34,050,000.00 Gro<strong>up</strong> net income/(loss) for the 3-month period 420,272.39 (720,169.72) EpS: earnings per E1 <strong>of</strong> Taifun AG’s capital s<strong>to</strong>ck 0.01 (0.02) For determining the earnings per share while ensuring comparability, the number <strong>of</strong> bearer shares <strong>of</strong> s<strong>to</strong>ck held in Taifun AG as gro<strong>up</strong> parent as <strong>of</strong> December 31, 2000, by Borsig Energy GmbH, Oberhausen, and Nordvest A/S, Denmark, was used as basis for First Quarter for Fiscal Year 2000/2001 and First Quarter for Fiscal Year 1999/2000. Oberhausen, February 26, 2001 F-58 sgd. Dr.-Ing. sgd. Dipl.-Wirtsch.-Ing. sgd. Dietmar Kestner Rudolf Schulz Carsten Risvig Pedersen (Executive Board member) (Executive Board member) (Executive Board member)
F-59 Combined fixed asset analysis <strong>of</strong> the pro forma gro<strong>up</strong> as <strong>of</strong> December 31, 1999 (statistical figures) Balance at 1.10.1999 pro forma Additions pro forma Book transfers pro forma Disposals pro forma Gross values Amortization/depreciation/write-down Balance at 31.12.1999 pro forma Balance at 1.10.1999 pro forma Addition pro forma Book transfers pro forma E E E E E E E E E E E E Intangible assets Concessions, franchises, industrial property and similar rights <strong>to</strong> assets as well as licences there<strong>to</strong> 3,236,545.01 277,143.47 0.00 0.00 3,513,688.48 1,054,187.73 169,595.59 0.00 0.00 1,223,783.32 2,289,905.16 2,182,357.28 Prepayments on intangibles 579,284.00 0.00 –15,338.76 0.00 563,945.24 0.00 0.00 0.00 0.00 0.00 563,945.24 579,284.00 Property, plant and equipment 3,815,829.01 277,143.47 –15,338.76 0.00 4,077,633.72 1,054,187.73 169,595.59 0.00 0.00 1,223,783.32 2,853,850.40 2,761,641.28 Land and buildings 1,053,994.51 35,790.43 15,338.76 1,918.75 1,103,204.95 235,038.04 11,483.23 0.00 238.83 246,282.44 856,922.51 818,956.47 Production, plant and machinery 5,740.101.38 2,682.63 0.00 70,217.83 5,672,566.18 1,818,255.64 148,556.09 0.00 16,216.43 1,950,595.30 3,721,970.88 3,921,845.74 Other plant, fac<strong>to</strong>ry and <strong>of</strong>fice equipment Prepayment on property, plant and equipment and 3,198,859.80 378,021.78 0.00 1,638.96 3,575,242.62 767,127.38 201,290.96 0.00 1,590.11 966,828.23 2,608,414.39 2,431,732.42 construction in progress 2,114,063.80 428,834.22 0.00 0.00 2,542,898.02 0.00 0.00 0.00 0.00 0.00 2,542,898.02 2,114,063.80 Financial assets 12,107,019.49 845,329.06 15,338.76 73,775.54 12,893,911.77 2,820,421.06 361,330.28 0.0 18,045.37 3,163,705.97 9,730,205.80 9,286,598.43 Shares in unconsolidated Gro<strong>up</strong> Companies 233,761.11 0.00 0.00 30,677,51 203,083.60 0.00 0.00 0.00 0.00 0.00 203,083.60 233,761.11 Investments 540,044.38 0.00 0.00 0.00 540,044.38 0.00 0.00 0.00 0.00 0.00 540,044.38 540,044.38 773,805.49 0.00 0.00 30,677.51 743,127.98 0.00 0.00 0.00 0.00 0.00 743,127.98 773,805.49 16,696,653.99 1,122,472.53 0.00 104,453.05 17,714,673.47 3,874,608.79 530,925.87 0.00 18,045.37 4,387,489.29 13,327,184.18 12,822,045.20 Land value assets added and immediately written <strong>of</strong>f within the fiscal year are deemed <strong>to</strong> have been disposed <strong>of</strong> in the same year. Disposals pro forma Balance at 31.12.1999 pro forma Balance at 31.12.1999 pro forma Net values Balance at 30.09.1999 pro forma
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OFFERING MEMORANDUM Oberhausen, Ger
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Forward-looking Information This Of
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account of a QIB, whom the seller h
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Nordex AG Oberhausen, Germany Offer
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Table of Contents Notice to New Ham
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Financial Information. . . . . . .
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Summary of the Offering Memorandum
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Management Board of Nordex AG and t
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Selected Financial Data of the Nord
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Shareholders. In each case, the cos
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Code - will be held under a separat
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Capitalization The following table
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organizational structures to meet t
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condition, results of operations an
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Risks Inherent in the Market and Co
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In addition, there is a risk that p
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Shareholders’ Meeting of Nordex A
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Nordex AG believes that generating
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The US provides federal support for
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Business Introduction and Overview
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manufacturers, customers and suppli
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The following table illustrates the
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According to the provisional figure
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Vestas Wind Systems A/S and Bonus E
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Strategy Nordex’s overall strateg
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The following figure illustrates th
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due to their various sizes and nomi
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The maximum weekly production capac
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The Company’s marketing is mainly
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total value of its requirement for
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Intellectual Property Rights Patent
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Since it ceased being a member of t
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The following table provides an ove
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accept and pay for the rotor blades
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Before construction of the wind par
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Relationships with Principal Shareh
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Agreements with Associated Companie
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interests it held with a total nomi
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underwriting syndicate lead-managed
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Earnings per Share The following ta
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Auditor for the Subsidiaries The fi
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Capital stock: EUR 25 thousand Rese
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Executive Bodies of the Company, Em
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The Company has not granted any loa
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Automotive-Gruppe were, from 1993,
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two comprises the managing director
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Management’s Discussion and Analy
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Comparison of Fiscal Years 1999/200
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was due primarily to the Company in
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In total, the average pro forma inc
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EUR 3.40 million as of September 30
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with terms of between two and five
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Liquidity Cash flow from operations
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corporation income tax a special ta
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or a refund of the amount by which
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The above-mentioned tax liability c
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Financial information (Combined) Pr
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Assets (Combined) pro forma CONSOLI
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(Combined) pro forma CONSOLIDATED I
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- Page 127 and 128: The calculation of imputed taxes, t
- Page 129 and 130: (5.2) Inventories 9-30-2000 E13,903
- Page 131 and 132: (5.6) Equity 9-30-2000 E16,013,985.
- Page 133 and 134: (5.10) Deferred income 9-30-2000 E1
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- Page 147 and 148: MANAGEMENT REPORT FOR THE ABBREVIAT
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- Page 187 and 188: AUDITOR’S OPINION We audited the
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