Annual Report 2012 - Knorr-Bremse AG.

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172 CONSOLIDATED BALANCE SHEET Consolidated Balance Sheet as at December 31, 2012 Assets Notes Dec. 31, 2012 TEUR Dec. 31, 2011 TEUR Purchased intangibles (3) 139,922 189,338 Fixed assets (4) 618,397 568,168 Investments (5) 69,227 70,816 Intangibles, fixed assets and investments 827,546 828,322 Inventories (6) 270,411 289,784 Accounts receivable, trade (7) 663,928 695,183 Other assets (7) 100,237 109,341 Other marketable securities 15 18 Cash and cash equivalents (8) 683,856 532,378 Current assets 1,718,447 1,626,704 Prepaid expenses (9) 15,507 12,337 Deferred tax assets (10) 53,533 63,030 Balance sheet total 2,615,033 2,530,393 Equity and Liabilities Notes Dec. 31, 2012 TEUR Dec. 31, 2011 TEUR Capital stock (11) 67,600 67,600 Capital reserves (12) 153 153 Retained earnings (13) 535,515 431,730 Unappropriated consolidated net income (25) 241,018 263,924 Minority interests 150,921 138,968 Group equity 995,207 902,375 Pension plan accruals (14) 202,202 199,667 Other accrued liabilities (15) 720,992 643,291 Accruals 923,194 842,958 Accounts payable, banks 132,915 135,394 Accounts payable, trade 471,346 514,410 Other liabilities 90,022 132,382 Liabilities (16) 694,283 782,186 Deferred income 2,349 2,874 Balance sheet total 2,615,033 2,530,393
CONSOLIDATED STATEMENT OF INCOME 173 Consolidated Statement of Income for the Fiscal Year from January 1 to December 31, 2012 Notes 2012 TEUR 2011 TEUR Net sales 4,300,108 4,240,797 Changes in inventories (13,005) 11,756 Own work capitalized 466 395 Total operating performance 4,287,569 4,252,948 Other operating income (18) 126,408 191,467 Cost of materials (19) (2,200,257) (2,211,723) Personnel expenses (20) (861,463) (804,816) Depreciation and amortization on purchased intangibles and fixed assets (21) (159,840) (164,619) Other operating expenses (22) (724,678) (761,040) Financial results (23) (4,280) (4,127) Income before taxes 463,459 498,090 Taxes on income (24) (168,432) (168,794) Net income (25) 295,027 329,296 Minority interests in results of consolidated subsidiaries 40,220 38,198
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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 124 and 125: 122 Report Market successes // Comm
Page 133: Corporate Responsibility Employees
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Page 143 and 144: Report 141 Corporate Responsibility
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Page 152 and 153: 150 Notes to the Consolidated Finan
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Page 170 and 171: 168 SEGMENT REPORT Segment Report i
Page 172 and 173: 170 STATEMENT OF CHANGES IN GROUP E
Page 176: Contact Knorr-Bremse AG Moosacher S
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Annual Report 2012 - Knorr-Bremse AG.

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