Annual Report 2012 - Knorr-Bremse AG.

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168 SEGMENT REPORT Segment Report in Compliance with GAS 3 (German Accounting Standard) In order to comply with GAS 3, Knorr-Bremse AG has compiled the following report on three segments that are subject to reporting requirements. The breakdown by segment is based on the Group’s activities in the three major geographical regions that provide the geographical framework for the Group’s internal organizational and reporting structures. The operating segments cover three regions: Europe, the Americas and Asia/Australia, each of which is characterized by different market and customer demands. The Knorr-Bremse Group’s main product lines – braking systems for rail and commercial vehicles – are represented in all three regions. Fiscal Year 2012 Europe Americas Asia/ Australia Knorr-Bremse Group in EUR thousands (TEUR) Sales by region 2,490,622 1,140,399 1,075,696 4,706,717 (thereof net sales with third parties) 2,181,783 1,070,857 1,047,468 4,300,108 (thereof net sales with other segments) 308,839 69,542 28,228 406,609 Net income 145,535 64,340 85,152 295,027 Income tax charge 83,086 36,732 48,614 168,432 Investments (excluding financial investments) 78,399 62,480 24,924 165,803 Depreciation (excluding financial investments) 95,500 30,390 33,950 159,840 Result for associated companies (875) 188 0 (687) Result for affiliated and other companies 30 0 0 30 Assets 1,305,541 589,035 720,457 2,615,033 Fiscal Year 2011 Europe Americas Asia/ Australia Knorr-Bremse Group in EUR thousands (TEUR) Sales by region 2,582,660 1,064,929 1,078,656 4,726,245 (thereof net sales with third parties) 2,169,485 1,020,007 1,051,305 4,240,797 (thereof net sales with other segments) 413,175 44,922 27,351 485,448 Net income 173,881 76,043 79,372 329,296 Income tax charge 89,130 38,979 40,685 168,794 Investments (excluding financial investments) 85,307 38,086 35,471 158,864 Depreciation (excluding financial investments) 76,145 33,269 55,205 164,619 Result for associated companies (200) 0 0 (200) Result for affiliated and other companies 19 0 0 19 Assets 1,235,951 602,726 691,716 2,530,393
SEGMENT REPORT 169 Fiscal Year 2012 Net sales Investments (excluding financial investments) in EUR thousands (TEUR) Depreciation (excluding financial investments) Assets Rail vehicle systems 2,216,856 79,521 93,618 1,518,510 Commercial vehicle systems 2,098,185 56,914 60,582 1,187,806 Miscellaneous/consolidations (14,933) 29,368 5,640 (91,283) Knorr-Bremse Group 4,300,108 165,803 159,840 2,615,033 Fiscal Year 2011 Net sales Investments (excluding financial investments) in EUR thousands (TEUR) Depreciation (excluding financial investments) Assets Rail vehicle systems 2,186,898 65,932 97,738 1,476,974 Commercial vehicle systems 2,068,223 74,686 60,776 1,136,804 Miscellaneous/consolidations (14,324) 18,246 6,105 (83,385) Knorr-Bremse Group 4,240,797 158,864 164,619 2,530,393 The analysis does not show borrowings or interest payable by region, because these items are controlled centrally across the Group by the parent company, thus are not dependent on regional decisions associated with day-to-day business operations. The usual prices apply as agreed between counterparties.
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Knorr-Bremse Group Annual Report 20
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Main Majority-owned Subsidiaries of
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Supervisory Board 3 Overview 04 06
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2012 at a Glance 5 January Rolf Hä
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Executive Board 7 Klaus Deller Dr.
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Supervisory Board 9 Wolfgang Hubert
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Supervisory Board 11 and the compan
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14 The State and Development of Kno
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16 Development of the Knorr-Bremse
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18 velopment network continued. Thu
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20 Overall assessment of the econom
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22 Regional developments by divisio
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24 In this market environment, the
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26 to falling exports but also to s
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28 Research and development As a te
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30 Corporate responsibility and sus
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32 implicit in the changing state o
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34 Outlook In the next two years, K
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Report Despite a volatile business
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Report 39 YOU CHOSE TO DEFINE NEW C
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Report 41 partners and customers as
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Report 43 aiming to use them as a f
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Itupeva, Brazil Westminster, USA
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48 Report Site-specific projects //
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PRODUCTS TRADE FAIRS Technological
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60 Report ProduCts // Rail vehicle
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66 Report ProduCts // Commercial ve
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Report 73 PRODUCTS TRADE FAIRS Trad
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Report 75 Dr. Dieter Wilhelm, Membe
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Report 77 Heinz Hermann Thiele, own
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Report 79 Expo Ferroviaria 2012, Tu
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Report 81 tive service strategies -
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Report 85 Service Knorr Excellence
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Report 87 RailServices is a byword
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Report 89 the Sirio platform of Ita
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Report 91 largest mass transit oper
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Report 93 to roll out its service c
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Report 95 Bendix expands remanufact
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Report 97 NEO Version 5 is introduc
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100 Report Knorr Excellence A progr
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102 Report Knorr Excellence
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104 Report External ratings
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MARKET SUCCESSES Passion “We are
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110 Report Market successes // Rail
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Page 120 and 121: 118 Report Market successes // Rail
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Page 133: Corporate Responsibility Employees
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Page 147 and 148: Report 145 Knorr-Bremse certified i
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Page 152 and 153: 150 Notes to the Consolidated Finan
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Page 172 and 173: 170 STATEMENT OF CHANGES IN GROUP E
Page 174 and 175: 172 CONSOLIDATED BALANCE SHEET Cons
Page 176: Contact Knorr-Bremse AG Moosacher S
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