ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

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7 Statutory PARENT COMPANY CERTIFIED FINANCIAL STATEMENTS Auditors’ report on the Parent Company Financial Statements III SPECIFIC VERIFICATIONS AND INFORMATION We have also performed, in accordance with professional standards applicable in France, the specifi c verifi cations required by French law. We have no matters to report as to the fair presentation and the consistency with the fi nancial statements of the information given in the management report of the Management Board, and in the documents addressed to the shareholders with respect to the fi nancial position and the fi nancial statements. Concerning the information given in accordance with the requirements of article L. 225-102-1 of the French Commercial Code (Code de Commerce) relating to remunerations and benefi ts received by the directors and any other commitments made in their favour, we have verifi ed its consistency with the fi nancial statements, or with the underlying information used to prepare these fi nancial statements and, where applicable, with the information obtained by your Company from companies controlling your Company or controlled by it. Based on this work, we attest the accuracy and fair presentation of this information. In accordance with French law, we have verifi ed that the required information concerning the identity of shareholders and holders of the voting rights has been properly disclosed in the management report. 194 / SAFT - ANNUAL REPORT 2011 Neuilly-Sur-Seine and Courbevoie, 13 February 2012 The Statutory Auditors PricewaterhouseCoopers Audit Mazars Françoise Garnier Juliette Decoux
INFORMATION ABOUT THE COMPANY AND ITS SHARE CAPITAL 8 8.1 General information about the Company 196 8.2 Group history 197 8.3 Group organisation chart 198 8.4 Signifi cant contracts and commitments 199 8.4.1 Credit facilities 199 8.4.2 A multi-year contract with the US Defence Logistics Agency (DLA) 199 8.4.3 Contract with the US Department of Energy 199 8.4.4 Joint ventures 199 8.4.5 Undertakings made to France and Israel 199 8.5 Main statutory provisions 200 Social purpose (Article 2 of the articles of association) 200 Annual General Meetings (Article 22 of the articles of association) 201 Form of shares (Article 11 of the articles of association) 202 Sale of shares (Article 12 of the articles of association) 203 Threshold disclosure (Article 13 of the articles of association) 203 Results of operations – appropriation of net income (Article 24 of the articles of association) 203 8.6 Capital and shareholding of Saft Groupe SA 204 8.6.1 Share capital of Saft Groupe SA 204 8.6.2 Voting rights 204 8.6.3 Share buyback programme 204 8.6.4 Shareholding of Saft Groupe SA 204 8.6.5 Securities other than shares 205 8.6.6 Stock option plans 205 8.6.7 Dividends 205 8.6.8 Authorisations in force in relation to capital increases 206 8.6.9 Saft Groupe credit rating 206 SAFT - ANNUAL REPORT 2011 / 195
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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
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Other information 4 CORPORATE GOVER
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4.5.2 DUTIES AND RESPONSIBILITIES O
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COMMENTS ON THE 2011 FINANCIAL YEAR
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5.2.4 OTHER ACTIVITIES 5 COMMENTS O
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2011 CONSOLIDATED FINANCIAL STATEME
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LIABILITIES 6 2011 CONSOLIDATED FIN
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6 2011 CONSOLIDATED FINANCIAL STATE
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Page 145 and 146: Risk management 6 2011 CONSOLIDATED
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Page 153 and 154: Balance sheet by business segment A
Page 157 and 158: 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
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Page 199 and 200: 8 INFORMATION ABOUT THE COMPANY AND
Page 209 and 210: ANNUAL GENERAL MEETING 9.1 Overview
Page 211 and 212: ANNUAL GENERAL MEETING 9 Statutory
Page 213 and 214: 3. Services Agreement Type of agree
Page 215 and 216: ADDITIONAL INFORMATION 10 10.1 Docu
Page 217 and 218: ADDITIONAL INFORMATION10 Offi cers
Page 219 and 220: ADDITIONAL INFORMATION10 registrati
Page 221 and 222: ADDITIONAL INFORMATION10 Annual fi
Page 223 and 224: ADDITIONAL INFORMATION10 Cross-refe
Page 225 and 226: The information contained in the ma
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ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

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