Financial reports
The fiscal year commences on October 1 and ends on September 30
Under US GAAP rules our merger has to be accounted for as if Thyssen had acquired Krupp. The date of the initial consolidation is December 4, 1998 - the date of the merger stockholders' meeting of Thyssen AG - as the hypothetical date of acquisition. Krupp is included in the US GAAP figures as of this date only. This approach detracts materially from the comparability of the figures and presents an inadequate picture of the Group's actual performance. Therefore, in addition to the legally relevant US GAAP statements we have stated key financial figures on a pro forma basis, both for 1998/1999 and for 1997/1998.
Management Report 1998/1999
(Parent company financial statements)
(October to March)
Enhanced transparency through extensive information disclosure is the aim of our consolidated financial statements. The figures and information they contain provide a full picture of the ThyssenKrupp Group's business situation. Since 2005/2006 our financial statements have been prepared under IFRS (International Financial Reporting Standards). We also provide additional information required by the German Commercial Code (HGB).