| Shares |
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| Where are KSB shares listed? |
Our shares are listed on almost all stock exchanges in Germany. However, KSB ordinary shares cannot be traded at the Hanover stock exchange.
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| How long has KSB been listed on the stock exchange? |
KSB has been trading as a public company since 1887. We have been listed on the stock exchange since 1895.
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| Who are the shareholders of KSB Aktiengesellschaft? |
Approximately 80% of our ordinary shares are held by Klein Pumpen GmbH, whose holdings are controlled by the KSB Foundation. The remaining ordinary shares are in free float. All our preference shares are in free float.
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| Does KSB have treasury shares? |
KSB Aktiengesellschaft does not have any treasury shares.
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| When was the most recent corporate action concerning the capital? Does the Company have any authorized capital? |
The last capital increase was in 1992. The Company currently does not have any authorized capital.
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| Annual General Meeting |
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| When and where will the next Annual General Meeting be held? |
Our next Annual General Meeting will be in June 2009 in Frankenthal.
Invitations including the agenda and directions to the venue will be posted on our web site.
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| How can you take part in our next Annual General Meeting? |
As a shareholder, you will receive the notice convening our Annual General Meeting from your custodian bank. This will arrive in good time and will also include the agenda. At this time you will also receive the documentation necessary to request tickets for the Meeting. Please note the deadline for requests set by your bank.
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| What if you registered in good time for the Annual General Meeting, but have still not received your ticket? |
Please contact us: Tel. +49 6233 86-2962, Fax 86-3454 or E-mail: investor-relations@ksb.com.
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| How can you exercise your right to vote as an ordinary shareholder if you do not actually attend the Annual General Meeting? |
Custodian banks will often offer to vote as directed on your behalf. If this is not the case, or if you do not wish to accept this offer, you can also issue a proxy to our Company, who will vote in accordance with your instructions at the Annual General Meeting. Further information on this subject can be found in the current invitation to the Annual General Meeting.
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| Accounting Standards |
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| Which accounting standards does KSB apply? |
The KSB Group has applied the International Financial Reporting Standards (IFRSs) since 2001.
KSB Aktiengesellschaft will continue to prepare its annual financial statements in accordance with the HGB (German Commercial Code).
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| What significant changes did the transition to IFRSs produce in the KSB Group’s consolidated financial statements? |
There are certain fundamental recognition and measurement differences between the IFRSs and German accounting principles. As far as our financial statements are concerned, these include:
Under IFRSs, fixed assets are usually measured after deducting straight-line depreciation and amortization, and the economic useful lives are longer than under the HGB. Tax-motivated accelerated depreciation or transfers from the special reserve with equity portion are prohibited by the IFRSs. In addition, leased assets are capitalized at the lessee where beneficial ownership is transferred.
Certain contracts are evaluated using the percentage of completion method, under which revenue is recognized by reference to the stage of completion. This means that revenue is recognized proportionately prior to completion and billing of the project.
Foreign currency receivables, cash and cash equivalents, and liabilities, as well as current financial instruments, are translated at the closing rates. This may result in unrealized gains being reported.
In addition to future demographic trends, the IFRSs also require future compensation and pension trends, as well as discounting at a long-term capital market interest rate, to be reflected in the computation of pension provisions.
The recognition criteria for provisions are much more restrictive under the IFRSs than under the HGB. Provisions for future internal expenses are generally prohibited. Provisions may only be recognized for obligations to third parties if it is probable that the obligation will have to be settled.
Financial instruments are measured at their fair value.
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| Further questions |
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Like to know more?
You can contact us by e-mail at investor-relations@ksb.com - we will gladly answer any questions you may have. |
