- Page 1 and 2:
OFFERING MEMORANDUM Oberhausen, Ger
- Page 3 and 4:
Forward-looking Information This Of
- Page 5 and 6:
account of a QIB, whom the seller h
- Page 7 and 8:
Nordex AG Oberhausen, Germany Offer
- Page 9 and 10:
Table of Contents Notice to New Ham
- Page 11 and 12:
Financial Information. . . . . . .
- Page 13 and 14:
Summary of the Offering Memorandum
- Page 15 and 16:
Management Board of Nordex AG and t
- Page 17 and 18:
Selected Financial Data of the Nord
- Page 19 and 20:
Shareholders. In each case, the cos
- Page 21 and 22:
Code - will be held under a separat
- Page 23 and 24:
Capitalization The following table
- Page 25 and 26:
organizational structures to meet t
- Page 27 and 28:
condition, results of operations an
- Page 29 and 30:
Risks Inherent in the Market and Co
- Page 31 and 32:
In addition, there is a risk that p
- Page 33 and 34:
Shareholders’ Meeting of Nordex A
- Page 35 and 36:
Nordex AG believes that generating
- Page 37 and 38:
The US provides federal support for
- Page 39 and 40:
Business Introduction and Overview
- Page 41 and 42:
manufacturers, customers and suppli
- Page 43 and 44:
The following table illustrates the
- Page 45 and 46:
According to the provisional figure
- Page 47 and 48:
Vestas Wind Systems A/S and Bonus E
- Page 49 and 50:
Strategy Nordex’s overall strateg
- Page 51 and 52:
The following figure illustrates th
- Page 53 and 54:
due to their various sizes and nomi
- Page 55 and 56:
The maximum weekly production capac
- Page 57 and 58:
The Company’s marketing is mainly
- Page 59 and 60:
total value of its requirement for
- Page 61 and 62:
Intellectual Property Rights Patent
- Page 63 and 64:
Since it ceased being a member of t
- Page 65 and 66:
The following table provides an ove
- Page 67 and 68:
accept and pay for the rotor blades
- Page 69 and 70:
Before construction of the wind par
- Page 71 and 72:
Relationships with Principal Shareh
- Page 73 and 74:
Agreements with Associated Companie
- Page 75 and 76:
interests it held with a total nomi
- Page 77 and 78:
underwriting syndicate lead-managed
- Page 79 and 80:
Earnings per Share The following ta
- Page 81 and 82:
Auditor for the Subsidiaries The fi
- Page 83 and 84:
Capital stock: EUR 25 thousand Rese
- Page 85 and 86:
Executive Bodies of the Company, Em
- Page 87 and 88:
The Company has not granted any loa
- Page 89 and 90:
Automotive-Gruppe were, from 1993,
- Page 91 and 92:
two comprises the managing director
- Page 93 and 94:
Management’s Discussion and Analy
- Page 95 and 96:
Comparison of Fiscal Years 1999/200
- Page 97 and 98:
was due primarily to the Company in
- Page 99 and 100:
In total, the average pro forma inc
- Page 101 and 102:
EUR 3.40 million as of September 30
- Page 103 and 104:
with terms of between two and five
- Page 105 and 106:
Liquidity Cash flow from operations
- Page 107 and 108:
corporation income tax a special ta
- Page 109 and 110:
or a refund of the amount by which
- Page 111 and 112:
The above-mentioned tax liability c
- Page 113 and 114:
Financial information (Combined) Pr
- Page 115 and 116:
Assets (Combined) pro forma CONSOLI
- Page 117 and 118:
(Combined) pro forma CONSOLIDATED I
- Page 119 and 120:
(Combined) pro forma STATEMENTS OF
- Page 121 and 122:
were eliminated from net incomes an
- Page 123 and 124:
In the years under review, the cons
- Page 125 and 126:
Since Taifun AG will not commence w
- 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
- Page 135 and 136:
(6.7) Amortization/depreciation 199
- Page 137 and 138:
A detailed breakdown of income taxe
- Page 139 and 140:
Primary segment report The Wind Ene
- Page 141 and 142:
F-29 (Combined) fixed-asset analysi
- Page 143 and 144:
F-31 (Combined) fixed-asset analysi
- Page 145 and 146:
alances (receivables, payables, inc
- Page 147 and 148: MANAGEMENT REPORT FOR THE ABBREVIAT
- Page 149 and 150: ANNUAL FINANCIAL STATEMENTS FOR THE
- Page 151 and 152: Group affiliation TAIFUN AG as well
- Page 153 and 154: Assets Pro forma CONSOLIDATED BALAN
- Page 155 and 156: Pro forma CONSOLIDATED INCOME STATE
- Page 157 and 158: Pro forma STATEMENT OF CHANGES IN E
- Page 159 and 160: The restatements made to reconcile
- Page 161 and 162: (3) Consolidation procedures Accord
- Page 163 and 164: (5.2) Inventories 12-31-2000 E 38,0
- Page 165 and 166: (5.7) Future payables under l/t con
- Page 167 and 168: (6.5) Other operating expenses Firs
- Page 169 and 170: Primary segment report The Wind Ene
- Page 171 and 172: F-59 Combined fixed asset analysis
- Page 173 and 174: INDEPENDENT AUDITOR’S CERTIFICATE
- Page 175 and 176: Owing to the accounting system havi
- Page 177 and 178: Research and development Certificat
- Page 179 and 180: ANNUAL FINANCIAL STATEMENTS FOR THE
- Page 181 and 182: ANNUAL ACCOUNTS FOR THE FISCAL YEAR
- Page 183 and 184: (6) Liabilities Remaining term 1 ye
- Page 185 and 186: Shareholdings Interest held Equity
- Page 187 and 188: AUDITOR’S OPINION We audited the
- Page 189 and 190: Recent Developments and Outlook Dur
- Page 191 and 192: Glossary Alternative energy sources
- Page 193 and 194: Medium voltage A type of voltage. T
- Page 195 and 196: Stall-regulated wind turbine Stall-
- Page 197: On the basis of the above Company R
- Page 201 and 202: the accrued interest of the present
- Page 203 and 204: ecognise foreign currency gain or l
- Page 205 and 206: UNDERWRITING AND SALE Dresdner Klei