Annual Report 2008 in PDF - GKN

More documents

Recommendations

Info

18 Business Review: Automotive AUTOMOTIVE Automotive comprises: GKN Driveline and Other Automotive GKN Driveline is the global leader in the production of constant velocity jointed (CVJ) products for use in light vehicles. It also develops and manufactures a broad range of driveline products which deliver power to a vehicle’s wheels and manage that power to control the dynamic performance of the vehicle. Its European industrial and distribution services business provides a range of components to the passenger vehicle aftermarket, and repairs and replaces heavy duty propshafts. Other Automotive companies manufacture structural components, engine cylinder liners and substrates for catalytic converters for light vehicle and truck applications. Technology and Innovation GKN plc Annual Report 2008 Nigel Stein Chief Executive Automotive
GKN received the prestigious Nissan Global Innovation Award for its contribution to the independent transaxle four wheel drive (4WD) featured in the all-new supercar, the Nissan GT-R. GKN’s high performance, lightweight final drive unit, 4WD coupling and limited slip differential demonstrate GKN’s engineering and production expertise at the highest level. Debut for GKN torque vectoring technology on BMW X6 In 2008 GKN’s high performance torque vectoring technology made its world debut on the new BMW X6 sports activity coupé. The technology is at the heart of BMW’s new Dynamic Performance Control system, part of BMW’s integrated chassis management package that redefines the dynamic performance, safety and all-terrain ability of powerful SUVs such as the X6. The dynamic performance and stability control systems on the X6, of which GKN’s torque vectoring products are active components, overcome the tendency of 4✕4s to understeer when cornering under power at speed. In this first production application for BMW, GKN’s torque vectoring hardware units are supplied to system leader ZF, responsible for the final assembly and supply of the Vectordrive rear axle system. GKN also supplies the latest front and rear side shafts for the X6. The torque vectoring units are based on a modular, cost-effective approach, designed to be easily adaptable to a range of vehicles. The technology is specifically targeted at rear axle applications on premium rear wheel and all wheel drive vehicles. It strengthens GKN’s product range in this segment, which includes an electronically controlled limited slip differential, electronic locking differential and a range of passive limited slip differentials. Business Review Automotive Powder Metallurgy OffHighway Aerospace www.gkn.com 19 Sales* 53% of total Group sales £2,444m (2007 – £2,281m) Trading Profi t* 41% of total Group trading profi t £90m (2007 – £178m) * on a management basis
Page 1 and 2: GKN plc Annual Report and Accounts
Page 3 and 4: Our Objective GKN is committed to p
Page 5 and 6: 2008 Performance* Group results sig
Page 7 and 8: Although we expect 2009 to be a ver
Page 9 and 10: Constant velocity joints (CVJs) rev
Page 11 and 12: Off-highway driveshaft Blended wing
Page 13 and 14: Strategy and business objectives Th
Page 15 and 16: Operating cash flow performance of
Page 17 and 18: Restructuring and impairment costs
Page 19 and 20: 2008 2007 Tax charge analysis % % W
Page 21: Overseas pensions The principal cou
Page 25 and 26: GKN Driveline manufactures across a
Page 27 and 28: 2008 2007 GKN Driveline £m £m Sal
Page 29 and 30: Continuing evolution of powder meta
Page 31 and 32: Despite a £6 million positive impa
Page 33 and 34: GKN OffHighway is a first tier supp
Page 35 and 36: Trading profit of subsidiaries of
Page 37 and 38: In January 2009 GKN completed the a
Page 39 and 40: Divisional strategy GKN Aerospace
Page 41 and 42: Financing The following section des
Page 43 and 44: Competitive markets and competition
Page 45 and 46: Living the Values GKN is a group of
Page 47 and 48: Delivering advanced technology Deli
Page 49 and 50: Engaging more fully with our employ
Page 51 and 52: Accident frequency rate (AFR) Numbe
Page 53 and 54: Contributing to our communities We
Page 55 and 56: Andrew Reynolds Smith (42) Chief Ex
Page 57 and 58: Dividend An interim dividend of 4.5
Page 59 and 60: On joining the Board, a Director re
Page 61 and 62: Directors’ attendance record The
Page 63 and 64: Audit Committee Report Role of the
Page 65 and 66: Directors’ Remuneration Report Ro
Page 67 and 68: The companies making up the compara
Page 69 and 70: The arrangements for providing reti
Page 71 and 72: Governance Directors’ Remuneratio
Page 73 and 74:
Details of the options over GKN sha
Page 75 and 76:
Governance Share interests The bene
Page 77 and 78:
Independent Auditors’ Report to t
Page 79 and 80:
Consolidated Statement of Recognise
Page 81 and 82:
Consolidated Cash Flow Statement Fo
Page 83 and 84:
charges relating to the Group-wide
Page 85 and 86:
Financial Statements Notes to the F
Page 87 and 88:
Page 89 and 90:
2 Segmental analysis continued Prim
Page 91 and 92:
3 Operating profit continued (v) Au
Page 93 and 94:
3 Operating profit continued (c) Am
Page 95 and 96:
5 Taxation continued Financial Stat
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
11 Goodwill and other intangible as
Page 103 and 104:
11 Goodwill and other intangible as
Page 105 and 106:
14 Other receivables and investment
Page 107 and 108:
18 Net borrowings continued Financi
Page 109 and 110:
Page 111 and 112:
Financial Statements 19 Financial r
Page 113 and 114:
Page 115 and 116:
24 Acquisitions There were no acqui
Page 117 and 118:
26 Post-employment obligations Fina
Page 119 and 120:
26 Post-employment obligations cont
Page 121 and 122:
Page 123 and 124:
Independent Auditors’ Report to t
Page 125 and 126:
Notes to the Financial Statements o
Page 127 and 128:
Group Financial Record For the year
Page 129 and 130:
OffHighway GKN OffHighway Ltd GKN W
Page 131 and 132:
Unsolicited mail GKN is obliged by
Page 133 and 134:
Contact Details GKN plc PO Box 55 I
show all

Annual Report 2008 in PDF - GKN

Create successful ePaper yourself

Delete template?

Save as template?