The project kicked off in July 2003. Having defined the concept in terms of content, the next stage involved preparing the old 2003 balance sheet data for consolidation. This was followed by customizing and extensive test runs with the subsequent acceptance procedure for the SAP modules and training courses for IAS and SAP SEM all over the world. The consolidated financial statements for 12/2003 were completed in SAP SEM in accordance with IAS/IFRS between June and July 2004. An intermediate financial statement was then drawn up initially, followed by the annual financial statement as of December 31, 2004.

In addition to this, we were already able to draw up the planning for 2005 in SAP SEM during 2004.

Stinnes has now completed the transition to normal operation with SAP SEM following a three-month stabilization and support period.

Stinnes has reached its objectives - reporting capability in accordance with IFRS/IAS for actual and planned data, greater transparency thanks to a uniform database for accounting and controlling, assurance of reporting that is oriented to the capital market and the integration and harmonization of DB AG, Stinnes and Schenker requirements - on schedule and in full.

sds business services GmbH not only assumed responsibility for the control of this project, but was also involved in customizing the SEM BCS for consolidation, the BPS for planning and scheduling and the BW for reporting.

Furthermore, we have changed the R/3 accounting systems throughout the Stinnes Group over to the "parallel accounting" concept. This offers companies a means of meeting the requirements of both IFRS and the applicable local GAAP standards.

In addition to this, we operate the systems (SAP basis) and provide 2nd level application support.

Overview time schedule (pdf - 22,9 KB)

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