ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

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6 Notes AT 31/12/2009 2011 CONSOLIDATED FINANCIAL STATEMENTS to the Consolidated Financial Statements (in € million) IBG SBG Total Europe 20.2 14.7 34.9 North America 40.1 29.1 69.2 Asia/Oceania 0.7 0.0 0.7 TOTAL 61.0 43.8 104.8 156 / SAFT - ANNUAL REPORT 2011
6 2011 CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements NOTE 9 PROPERTY, PLANT AND EQUIPMENT The table below shows movements in the carrying amount of property, plant and equipment: (in € million) Land Buildings Technical installations, plant and tooling Assets under construction Other property, plant and equipment Total Carrying amount at 01/01/09 8.3 22.8 68.1 7.5 6.1 112.8 Acquisitions 1.1 1.2 11.2 2.6 0.6 16.7 Disposals 0.0 0.0 (0.1) 0.0 0.0 (0.1) Depreciation 0.0 (1.6) (16.6) 0.0 (0.9) (19.1) Translation adjustment 0.0 0.0 (0.2) 0.0 0.0 0.0 Transfers 0.0 1.4 0.4 (1.9) 0.1 0.0 Carrying amount at 31/12/09 At 31/12/2009 9.4 23.8 62.8 8.2 5.9 110.1 Gross value 9.4 42,0 179.5 8.2 12.5 251.6 Accumulated depreciation 0.0 (18.2) (116.7) 0.0 (6.6) (141.5) Carrying amount 9.4 23.8 62.8 8.2 5.9 110.1 Carrying amount at 01/01/10 9.4 23.8 62.8 8.2 5.9 110.1 Acquisitions 1.1 0.5 7.2 60.0 0.8 69.6 Disposals 0.0 0.0 (0.5) 0.0 0.0 (0.5) Depreciation 0.0 (2.1) (13.1) 0.0 (1.1) (16.3) Translation adjustment 0.3 0.7 2.9 0.2 0.1 4.2 Transfers 0.0 1.9 5.7 (8.1) 0.3 (0.2) Carrying amount at 31/12/10 At 31/12/2010 10.8 24.8 65.0 60.3 6.0 166.9 Gross value 10.8 45.7 200.1 60.3 13.6 330.5 Accumulated depreciation 0.0 (20.9) (135.1) 0.0 (7.6) (163.6) Carrying amount 10.8 24.8 65.0 60.3 6.0 166.9 Carrying amount at 01/01/11 10.8 24.8 65.0 60.3 6.0 166.9 Acquisitions 0.0 12.3 20.2 26.3 0.8 59.6 Disposals 0.0 (0.5) 0.0 0.0 (0.1) (0.6) Depreciation 0.0 (2.9) (13.1) 0.0 (1.0) (17.0) Translation adjustment (0.1) 3.4 3.2 (0.8) 0.0 5.7 Transfers 0.0 32.7 22.4 (55.7) 0.5 (0.1) Carrying amount at 31/12/11 At 31/12/2011 10.7 69.8 97.7 30.1 6.2 214.5 Gross value 10.7 94.2 246,0 30.1 13.5 394.5 Accumulated depreciation 0.0 (24.4) (148.3) 0.0 (7.3) (180.0) CARRYING AMOUNT 10.7 69.8 97.7 30.1 6.2 214.5 Assets under construction amounted to €30.1 million by the end of 2011, almost 50% of which relates to the new Jacksonville production unit in Florida. Property, plant and equipment under fi nance leases or long-term lease contracts represented a carrying value of €2.9 million as at 31 December 2011, against €3.2 million by the end of 2010 and €3.3 million by the end of 2009. They are accounted for under the caption “Other property, plant and equipment” in the above table. The carrying amount of investment properties was €0.1 million as of 31 December 2011 (gross value of €0.1 million) as compared to €0.1 million at 31 December 2010 (gross value of €0.3 million) and €0.2 million at 31 December 2009. Investment properties relate to an offi ce building leased to a third party. SAFT - ANNUAL REPORT 2011 / 157
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THE FUTURE COMES FROM EXPERIENCE AN
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5 COMMENTS ON THE 2011 FINANCIAL YE
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19 SITES WORLDWIDE 16 MANUFACTURING
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FRANçOIS LINCk MARkETING MANAGER N
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What vision for lithium-ion? ANNE D
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What vision for renewable energy st
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What vision for the environment? CL
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OVERVIEW 2011 MESSAGE FROM THE CHAI
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“I am convinced the company’s p
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Limassol Moscow Port Washington Val
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JUNE ENERGY STORAGE FOR SEPTA The S
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EBITDA (in e million) 110.0 406.6 1
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35 30 25 20 STOCk MARkET INFORMATIO
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MANAGEMENT COMMITTEE Saft’s Manag
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ACTIVITIES INDUSTRIAL BATTERY GROUP
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ACTIVITIES INDUSTRIAL BATTERY GROUP
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“The role of batteries for teleco
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Saft launched the SRM+ compact solu
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ACTIVITIES SPECIALTY BATTERY GROUP
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“The company is strongly penetrat
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THE EXPERT EXPLAINS Each battery sy
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COMMITMENTS RESEARCH & DEVELOPMENT
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INNOVATION & COMMITMENTS RESEARCH &
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This is a very important next step
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INNOVATION & COMMITMENTS SUSTAINABL
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kEY EVENT Saft policy is to fully c
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FINANCIAL REPORT RISK FACTORS 53 SU
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RISK FACTORS 2.1 Risks related to t
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technologies, while maintaining a f
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of expertise and affect the Group
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2.5 MARKET RISKS 2.5.1 RAW MATERIAL
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RISK FACTORS 2 Risks related to the
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2.8 INSURANCE The Group has a polic
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SUSTAINABLE DEVELOPMENT 3 3.1 Envir
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3.1 ENVIRONMENTAL RESPONSIBILITY Fo
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Type and amount of waste generated
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3.1.10 RESOURCE CONSERVATION Sustai
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3.2.3 HUMAN RESOURCE MANAGEMENT The
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3.3 CORPORATE SOCIAL RESPONSIBILITY
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III. CONCLUSION Moderate assurance
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CORPORATE GOVERNANCE 4 4.1 Manageme
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A short presentation of each Manage
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You will fi nd hereafter a short re
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The members of the Committees are:
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CORPORATE GOVERNANCE 4 Remuneration
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No stock options were awarded to em
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During the 2011 fi nancial year, th
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In the course of its meetings, the
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The Chairman of the Management Boar
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The control environment is subject
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eceives the consistent accounting a
Page 107 and 108: Other information 4 CORPORATE GOVER
Page 109 and 110: 4.5.2 DUTIES AND RESPONSIBILITIES O
Page 111 and 112: COMMENTS ON THE 2011 FINANCIAL YEAR
Page 113 and 114: 5 COMMENTS ON THE 2011 FINANCIAL YE
Page 117 and 118: 5.2.4 OTHER ACTIVITIES 5 COMMENTS O
Page 125 and 126: 2011 CONSOLIDATED FINANCIAL STATEME
Page 127 and 128: LIABILITIES 6 2011 CONSOLIDATED FIN
Page 129 and 130: 6 2011 CONSOLIDATED FINANCIAL STATE
Page 145 and 146: Risk management 6 2011 CONSOLIDATED
Page 153 and 154: Balance sheet by business segment A
Page 157: NOTE 8 GOODWILL 6 2011 CONSOLIDATED
Page 165 and 166: 17.2 PUBLIC GRANTS RELATED TO RESUL
Page 169 and 170: 6 Notes 2011 CONSOLIDATED FINANCIAL
Page 185 and 186: 6 Statutory 2011 CONSOLIDATED FINAN
Page 187 and 188: 7 Balance PARENT COMPANY CERTIFIED
Page 189 and 190: 7 PARENT COMPANY CERTIFIED FINANCIA
Page 197 and 198: INFORMATION ABOUT THE COMPANY AND I
Page 199 and 200: 8 INFORMATION ABOUT THE COMPANY AND
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ANNUAL GENERAL MEETING 9.1 Overview
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ANNUAL GENERAL MEETING 9 Statutory
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3. Services Agreement Type of agree
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ADDITIONAL INFORMATION 10 10.1 Docu
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ADDITIONAL INFORMATION10 Offi cers
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ADDITIONAL INFORMATION10 registrati
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ADDITIONAL INFORMATION10 Annual fi
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ADDITIONAL INFORMATION10 Cross-refe
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The information contained in the ma
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