BayWa AG Annual Report 2011

More documents

Recommendations

Info

2 • BayWa and the Capital Market • The Share Share price performance from 01/01/2011 to 31/12/2011 – sec. ident. no. 519 406 (in €) 35 30 25 20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Shareholder structure of BayWa AG on 31/12/2011 BayWa share key data 35.15% Free float Raiffeisen Agrar Invest GmbH Bayerische Raiffeisen-Beteiligungs-AG Registered shares with restricted transferability BayWa AG Annual Report 2011 €27.30 Closing price on 30/12/2011 39.73% 25.12% Registered shares not subject to restricted transferability Securities ident. no. 519 406 519 400 ISIN DE 0005194062 DE 0005194005 Ticker symbol BYW6 BYW Reuters BYWGa.DE BYWG.DE Bloomberg BYW6:GR BYW:GR Stock market segment Regulated Market/Prime Standard Regulated Market/Prime Standard Stock exchanges Frankfurt, Munich, XETRA OTC in Berlin, Düsseldorf, Hamburg and Stuttgart Frankfurt, XETRA Index MDAX – Number of shares 32,979,980 + 120,789 recently issued 1,243,251 35 30 25 20 43
44 2 • BayWa and the Capital Market • The Share € 87.9 million in share capital Allocation of share capital The share capital of BayWa comes to €87,920,691.20. Compared with the previous year, liable capital rose by €309,219.84 owing to the subscription of employees shares. The share capital comprises 34,344,020 registered shares, divided into two classes of shares: owing to their number of 33.1 million, the more liquid registered shares with restricted transferability (securities identification no. 519 406) and 1.2 million in shares not subject to restricted transferability (securities identification no. 519 400). The latter were largely created through issuance in the context of business combinations. The trading volume of this “smaller” category of shares is very limited owing to their low number. Significant increase in dividend The Board of Management and Supervisory Board will put forward a proposal to the Annual General Meeting of Shareholders to pay a dividend of €0.60 per dividend-bearing share. The intention of the company management and supervisory bodies in distributing dividend is to enable the shareholders to participate in the positive development of the BayWa Group in 2011. BayWa thus continues to uphold the steady, earnings-oriented dividend policy pursued in recent years. In relation to the BayWa Group’s net income, adjusted for minority interest, the payout ratio – subject to approval by the Annual General Meeting of Shareholders – therefore comes to 40.1% compared with 33.8% in 2010. Measured against consolidated net income, the payout ratio stands at 29.4% (2010: 25.5%). Shareholder structure remains stable The shareholder structure of BayWa AG pertaining to the registered shares subject to and not subject to restricted transferability at year-end 2011 was as follows: As per 31 December 2011, Bayerische Raiffeisen-Beteiligungs-AG, Beilngries, held 35.15% of the shares in accordance with their entry in the share register. Raiffeisen Agrar Invest GmbH headquartered in Vienna held 25.12% of the voting rights. The proportion of free float stood at 39.73% on the reporting date. BayWa AG Annual Report 2011
Page 1 and 2: BayWa AG Annual Report 2011
Page 3 and 4: Page Table of Contents 3 Letter to
Page 5 and 6: 4 Letter to the Shareholders We int
Page 7 and 8: 6 The Board of Management The Board
Page 9 and 10: 8 The Supervisory Board The Supervi
Page 11 and 12: 10 The Cooperative Council The Coop
Page 13 and 14: Turners & Growers - a special acqui
Page 15 and 16: 14 1 • The Company • The Busine
Page 17 and 18: 16 1 • The Company • Agricultur
Page 23 and 24: 22 1 • The Company • Energy Seg
Page 29 and 30: 28 1 • The Company • Building M
Page 31 and 32: 30 1 • The Company • Building M
Page 33 and 34: 32 1 • The Company • Goals and
Page 39 and 40: 38 1 • The Company • Conducting
Page 41 and 42: From ------------------------ € 0
Page 43: 42 2 • BayWa and the Capital Mark
Page 47 and 48: 46 2 • BayWa and the Capital Mark
Page 49 and 50: Excellent performance Agriculture:
Page 51 and 52: 50 Growth in Building Materials’
Page 53 and 54: 52 108 fully consolidated companies
Page 55 and 56: 54 Customer groups of BayWa’s bui
Page 57 and 58: 56 Significant increase in the pric
Page 59 and 60: 58 Increase of 19.8% in the revenue
Page 61 and 62: 60 Growth of 21.3% in the BayWa Gro
Page 63 and 64: 62 No entering into speculative ris
Page 65 and 66: 64 Sale of non-core real estate Bon
Page 67 and 68: 66 Excellent result in the financia
Page 69 and 70: 68 3 • Management Report on the C
Page 71 and 72: 70 Cyclical fluctuations lower than
Page 73 and 74: 72 BayWa Group with larger credit f
Page 75 and 76: 74 Stake of 70% in Tecno Spot GmbH
Page 77 and 78: 76 3 • Management Report on the C
Page 79 and 80: 78 Prospects for the sector positiv
Page 81 and 82: 80 Grain imports to Germany possibl
Page 83 and 84: 82 Contribution to value added anti
Page 85 and 86: 84 4 • Consolidated Financial Sta
Page 95 and 96:
4 • Consolidated Financial Statem
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
132 4 • Consolidated Financial St
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
The provisions have developed as fo
Page 145 and 146:
Page 147 and 148:
(C.17.) Other liabilities The table
Page 149 and 150:
(C.20.) Contingent liabilities 4
Page 151 and 152:
The financial liabilities cover the
Page 153 and 154:
In € million As per 31/12/2010 4
Page 155 and 156:
Page 157 and 158:
2010 Assets 4 • Consolidated Fina
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
(D.3.) Cost of materials 4 • Cons
Page 169 and 170:
(D.7.) Interest income and expenses
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
178 4 • Consolidated Financial St
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
(E.8.) Executive and supervisory bo
Page 183 and 184:
Franz Kustner Farmer Alois Pabst Fa
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Name and principal place of busines
Page 191 and 192:
Name and principal place of busines
Page 193 and 194:
Page 195 and 196:
Report of the Supervisory Board An
Page 197 and 198:
Report of the Supervisory Board Sep
Page 199 and 200:
Corporate Governance Report / State
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Remuneration Report Remuneration of
Page 207 and 208:
29 March 2012 Annual Results Press
show all

BayWa AG Annual Report 2011

Create successful ePaper yourself

Delete template?

Save as template?