annual report man b&w diesel ag2004 ag stadtbachstraße 1 86224 augsburg germany phone 49 821 322 0 fax 3382 www manbw com a member of the group 2004 million 2003 order intake 872 460 sales 421 312 employees number 31 december 6 731 625 capital expenditures 27 42 depreciation 52 cash earnings 74 67 shareholder s equity 318 241 before taxes ebt 40 44 net income 24 8 at glance structure prime movers