In fall 2004, Euro magazine - published by the Handelsblatt group - bestowed its inaugural Euro Corporate Governance Quality Award on ThyssenKrupp. We have been practicing good corporate governance for many years. The Executive and Supervisory Boards report on key aspects of this in the following section, followed by details of your stock's performance in the reporting period and the return on your investment. We will continue to take a responsible approach to your capital and your trust to ensure you keep faith with us as a stockholder.