PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG PDF, 1.2 MB - Pfleiderer AG
146 being focused: being better technical glossary ■ carrier materials Wood-based materials which serve as the base for decorative surface materials (HPL, direct-coated wood materials, veneer). The preferred materials are unrefined particleboard and MDF. ■ combined heat-power plant Also known as a co-generation plant: a decentralized plant for generating energy which Pfleiderer uses for supplying electricity and process heat, particularly for the production of wood-based panels (Pfleiderer’s “Central Energy Unit”). ■ concrete masts Very strong masts used preferably for supporting mobile phone aerials, as well as for lighting, current conductors and aerial lines as well as high signs. ■ contipress A twin band press for the continuous production of particleboard, MDF or laminated board. ■ dbs A direct coating system for surface finishing of wood-based panels. ■ eeg The German Act on Renewable Energy (“Erneuerbare-Energie-Gesetz”) with which the Federal Government aims to promote the use of alternative energies. The supply of electricity to the public grid generated from wind power, solar energy or biomass is promoted by the EEG with various levels of subsidy. ■ grp mast Glass fibre-reinforced plastic mast which combines low weight with high flexural strength. Preferred use for lamp-posts, traffic light masts and flag poles or for special telecommunications solutions. ■ gsm Global System for mobile Communication: the current worldwide standard in use for mobile radio technology. ■ hpl High pressure laminate: a surface for woodbased panels made of plastic. ■ iso International Standardization Organization: voluntary international association of national standardization committees with the aim of developing uniform standards valid worldwide. The Quality Management division pioneered it in Germany. ■ mdf Medium density fibreboard: consists of wood fibres impregnated with glue and subjected to heat under pressure; one particular use is for three-dimensionally constructed furniture fronts. ■ onshore/offshore plants Wind energy plants for sites on land (onshore) or at sea (offshore). Pfleiderer is developing offshore plants using its MULTIBRID ® technology. ■ renewable energy Use of natural energy sources which are regenerative, making them available in unlimited supply, e.g. sun, wind, geothermal energy. ■ solid track Rail track construction with load-bearing layer of asphalt or concrete and concrete sleepers laid directly in concrete bedding instead of on ballast. Giving high track stability and low maintenance, this system is preferred for high-speed links. ■ surface-finished board Wood-based panels with a decorative surface. The surface may consist of various materials, for instance plastic, manufactured from pressed and laminated decorative paper. ■ thermohydrolytic separation method A technically sophisticated process for recycling used timber by the application of moisture and heat that does not harm the environment. The goal is to split the used timber into fractions that can be recycled for their materials. ■ turnkey service Delivery of a complete system. Example: Pfleiderer not only builds the transmission mast, but also acquires the land, provides and assembles the mobile phone technology and later on maintains the station. ■ umts Universal Mobile Telecommunications System: a 3rd generation system of radio data transmission. 2 MBit/s data rates have been defined as the UMTS standard. These high data transfer rates open up new possibilities for users, such as e-commerce and mobile multimedia applications.
economic glossary ■ capital employed The entire capital employed in the company, i.e. fixed assets plus current assets less provisions (excluding provisions for pensions), and liabilities (excluding financial liabilities). ■ cash flow A measure used when analyzing balance sheets, companies and shares in order to assess a company’s financial strength and profitability. The cash flow defines the inflow of liquid funds to a company from sales and other sources over a certain period. ■ discontinued operations According to US GAAP Business segments which are forseen to be sold are separately shown under “discontinued operations” in the income statement and balance sheet. ■ ebit Earnings before interest and taxes. ■ ebitda Earnings before interest, taxes, depreciation and amortization. ■ eps Earnings per share: consolidated earnings divided by the weighted number of shares. in brief glossary pfleiderer ag 147 ■ ebt Earnings before taxes. ■ eva Economic value added: the difference between the return achieved by the company on the assets employed and the capital costs; capital employed x WACC. ■ kontrag The law for control and transparency in the corporate sector, KonTraG, was adopted by the Bundesrat on March 27, 1998 and aims to improve corporate control. ■ long-term incentive scheme A motivation scheme geared to the long term to encourage staff loyalty, incorporating schemes to allow employees a share in the success of the company. ■ roce Return on capital employed. ■ short financial year Pfleiderer altered its financial year to coincide with the calendar year. For this reason the past financial year only lasted seven months – June 1, 2000 to December 31, 2000. A direct comparison with the figures of previous years is therefore impossible. ■ stock option rights The right to participate in the future appreciation of an equity’s value. At Pfleiderer AG members of management at the end of 2000 had the option to participate in the company’s success through the acquisition of such rights. ■ stock options Form of remuneration entailing the issue of subscription rights to members of management and employees, conferring on them the right to acquire shares in the own company provided they achieve certain goals under certain conditions. ■ wacc Weighted average cost of capital payable by the company for borrowed capital and equity capital on the financial markets.
- Page 99 and 100: 15. Deferred income 16. Discontinue
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- Page 113 and 114: V. Notes to Statement of Income 1.
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- Page 117 and 118: IX. Earnings per Ordinary Share con
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- Page 121 and 122: 11. Revenues XIII. Changes in Asset
- Page 123 and 124: consolidated financial statements a
- Page 125 and 126: consolidated financial statements b
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- Page 129 and 130: consolidated financial statements g
- Page 131 and 132: Pfleiderer AG Statement of Income 2
- Page 133 and 134: financial statements of the legal e
- Page 135 and 136: III. Principles of Accounting and V
- Page 137 and 138: (2) Current assets (3) Stockholders
- Page 139 and 140: (4) Accruals financial statements o
- Page 141 and 142: V. Notes to Statement of Income fin
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- Page 149: Audit Opinion financial statements
- Page 153 and 154: ■ p Particleboard 15f, 25ff, 9ff
- Page 155 and 156: in brief multi-year summary pfleide
- Page 157: financial calendar contacts imprint
146 being focused: being better<br />
technical glossary<br />
■ carrier materials<br />
Wood-based materials which serve as the<br />
base for decorative surface materials<br />
(HPL, direct-coated wood materials, veneer).<br />
The preferred materials are unrefined<br />
particleboard and MDF.<br />
■ combined heat-power plant<br />
Also known as a co-generation plant: a decentralized<br />
plant for generating energy which<br />
<strong>Pfleiderer</strong> uses for supplying electricity and<br />
process heat, particularly for the production<br />
of wood-based panels (<strong>Pfleiderer</strong>’s “Central<br />
Energy Unit”).<br />
■ concrete masts<br />
Very strong masts used preferably for<br />
supporting mobile phone aerials, as well as<br />
for lighting, current conductors and aerial<br />
lines as well as high signs.<br />
■ contipress<br />
A twin band press for the continuous production<br />
of particleboard, MDF or laminated<br />
board.<br />
■ dbs<br />
A direct coating system for surface finishing<br />
of wood-based panels.<br />
■ eeg<br />
The German Act on Renewable Energy<br />
(“Erneuerbare-Energie-Gesetz”) with which<br />
the Federal Government aims to promote<br />
the use of alternative energies. The supply of<br />
electricity to the public grid generated from<br />
wind power, solar energy or biomass is<br />
promoted by the EEG with various levels of<br />
subsidy.<br />
■ grp mast<br />
Glass fibre-reinforced plastic mast which<br />
combines low weight with high flexural<br />
strength. Preferred use for lamp-posts, traffic<br />
light masts and flag poles or for special<br />
telecommunications solutions.<br />
■ gsm<br />
Global System for mobile Communication:<br />
the current worldwide standard in use for<br />
mobile radio technology.<br />
■ hpl<br />
High pressure laminate: a surface for woodbased<br />
panels made of plastic.<br />
■ iso<br />
International Standardization Organization:<br />
voluntary international association of<br />
national standardization committees with the<br />
aim of developing uniform standards valid<br />
worldwide. The Quality Management division<br />
pioneered it in Germany.<br />
■ mdf<br />
Medium density fibreboard: consists of wood<br />
fibres impregnated with glue and subjected<br />
to heat under pressure; one particular use is<br />
for three-dimensionally constructed furniture<br />
fronts.<br />
■ onshore/offshore plants<br />
Wind energy plants for sites on land<br />
(onshore) or at sea (offshore). <strong>Pfleiderer</strong> is<br />
developing offshore plants using its<br />
MULTIBRID ® technology.<br />
■ renewable energy<br />
Use of natural energy sources which are<br />
regenerative, making them available in<br />
unlimited supply, e.g. sun, wind, geothermal<br />
energy.<br />
■ solid track<br />
Rail track construction with load-bearing<br />
layer of asphalt or concrete and concrete<br />
sleepers laid directly in concrete bedding<br />
instead of on ballast. Giving high track stability<br />
and low maintenance, this system is<br />
preferred for high-speed links.<br />
■ surface-finished board<br />
Wood-based panels with a decorative<br />
surface. The surface may consist of various<br />
materials, for instance plastic, manufactured<br />
from pressed and laminated decorative<br />
paper.<br />
■ thermohydrolytic separation<br />
method<br />
A technically sophisticated process for<br />
recycling used timber by the application of<br />
moisture and heat that does not harm the<br />
environment. The goal is to split the used<br />
timber into fractions that can be recycled for<br />
their materials.<br />
■ turnkey service<br />
Delivery of a complete system. Example:<br />
<strong>Pfleiderer</strong> not only builds the transmission<br />
mast, but also acquires the land, provides<br />
and assembles the mobile phone technology<br />
and later on maintains the station.<br />
■ umts<br />
Universal Mobile Telecommunications<br />
System: a 3rd generation system of radio<br />
data transmission. 2 <strong>MB</strong>it/s data rates have<br />
been defined as the UMTS standard. These<br />
high data transfer rates open up new<br />
possibilities for users, such as e-commerce<br />
and mobile multimedia applications.