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

(3) Personnel expenses
1999/2000 1998/99
DM ‘000 DM ‘000
Wages and salaries 26,353 17,224
Social security taxes 3,535 2,017
(4) Net interest result
29,888 19,241
1999/2000 1998/99
DM ‘000 DM ‘000
Other interest and similar income 1,032 1,941
– thereof from group companies DM 0.762 million (down from DM 1.752 million)
Interest and similar expenses (4,372) (1,587)
– thereof to group companies DM 2.689 million (up from DM 0.112 million)
(3,340) 354
(5) Other operating expenses
The other operating expenses include general business and administrative expenses not disclosable
separately, as well as selling expenses.
(6) Write-down in prior periods
Due to the write-down charged in previous years at a total DM 0.851 million and the ensuing favorable
impact on taxable income in future periods, we expect the annual tax burden to rise in the years ahead.
(V) ADDITIONAL DISCLOSURES
Headcount
Breakdown of the Company’s average workforce:
1999/2000 1998/99
White-collar employees 155 108
Blue-collar employees 214 155
As of September 30, 2000, the Company had 405 employees (up from 319).
Corporate boards
Management Board members in fiscal 1999/2000:
369 263
Dipl.-Ing. Dr. Thomas Tschiesche, Oberhausen,
Carsten Pedersen, Give, Denmark, and
Dipl.-Ing. Theo Becker (as from March 1, 2000), Essen.
The Management Board’s total compensation in fiscal 1999/2000 totaled DM 0.385 million.
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