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     Key Figures of the Andritz Group 2000-2003       
     Company Profile       
     Letter from the Managing Board       
     Andritz in 2003       
     Strategy       
     Andritz Share       
     Corporate Governance       
     Status Report       
     Company Risks       
     Business Areas       
     Andritz Automation       
     Quality       
     Employees       
     Environmental Protection       
     Manufacturing       
     Business Process Management       
     Consolidated Financial Statements 2003       
    
     Independent Auditors' Report  
    
     Consolidated Balance Sheet  
    
     Consolidated Income Statement  
    
     Consolidated Cash Flow Statement  
    
     Consolidated Statement of Shareholders' Equity  
    
     Notes to the Consolidated Financial Statements  
    
 
       A. General
 
    
 
       B. Summary of significant Accounting Policies
 
    
 
       C. Acquisitions
 
    
 
       D. Accounting and Valuation Principles
 
    
 
       E. Segments
 
    
 
       F. Contingencies
 
    
 
       G. Notes to the Balance Sheet
 
    
 
     -   Changes in fixed and financial assets
 
    
 
     -   Inventories
 
    
 
     -   Advance payments made
 
    
 
     -   Trade Accounts Receivable
 
    
 
     -   Construction contracts
 
    
 
     -   Other Receivables
 
    
 
     -   Statement of Receivables
 
    
 
     -   Retained Earnings
 
    
 
     -   Provisions
 
    
 
     -   Employee Benefit Obligations
 
    
 
     -   Statement of Liabilities
 
    
 
     -   Other Liabilities
 
    
 
       H. Notes to the Consolidated Income Statement
 
    
 
       I. Segment Information
 
    
 
       J. Notes to Cash Flow Statements
 
    
 
       K. Financial Instruments
 
    
 
       L. Leases
 
    
 
       M. Commitments
 
    
 
       N. Contingent Liabilities
 
    
 
       O. Related Party Transactions
 
    
 
       P. List of Consolidated Subsidiaries
 
     Report of the Supervisory Board       
     Addresses of the Andritz Group       
     Technical Glossary       




G. Notes to the Balance Sheet

   Changes in fixed and financial assets
   Inventories
   Advance payments made
   Trade Accounts Receivable
   Construction contracts
   Other Receivables
   Statement of Receivables
   Retained Earnings
   Provisions
   Employee Benefit Obligations
   Statement of Liabilities
   Other Liabilities

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