Annual Report 2010 - SBM Offshore

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3 4 Report of the Board of Management 49 Introduction 54 SBM Offshore Lease Fleet Barchart 56 Operating Activities 2010 68 Product and Technology Development 73 Corporate Governance 86 Risk Management 96 Information regarding the Board of Management Financial Report 2010 101 Financial Review 110 Financial Statements 110 Consolidated income statement 112 Consolidated statement of financial position 113 Consolidated statement of changes in equity 114 Consolidated cash flow statement 115 Notes to the consolidated financial statements 174 Company balance sheet 175 Notes to the Company financial statements 178 Other information 178 Appropriation of profit 179 Auditor's Report 181 Key figures
Semi-Submersible Drilling Rig Tension Leg Platform FPSO 6 SBM Offshore – Annual Report 2010 Semi-submersible Production Platform MOPUstor
Page 1 and 2: Annual Report 2010
Page 3 and 4: Financial Review / Financial Statem
Page 5: 1 2 Overview 11 Message from the CE
Page 9: Deck view of the FPSO Espirito Sant
Page 12 and 13: I am pleased to report that the Com
Page 14 and 15: In addition to these main centres,
Page 16 and 17: Highlights 2010 Financial • Turno
Page 18 and 19: Shareholders As the shares are bein
Page 20 and 21: Corporate Strategy In line with the
Page 22 and 23: Lease and Operate The lease and ope
Page 24 and 25: World Map of SBM Offshore Project E
Page 27 and 28: Report of Board of Management Repor
Page 29 and 30: Report of Board of Management Compo
Page 31 and 32: Report of Board of Management requi
Page 33 and 34: Report of Board of Management In co
Page 35 and 36: Report of Board of Management Remun
Page 37 and 38: Report of Board of Management Secti
Page 39 and 40: Report of Board of Management was a
Page 41 and 42: Report of Board of Management Actua
Page 43 and 44: Report of Board of Management With
Page 45 and 46: Report of Board of Management Infor
Page 47: Disconnectable Turret of the FPSO O
Page 50 and 51: Introduction The relatively high oi
Page 52 and 53: Turnkey Systems A major highlight o
Page 54 and 55: Top: Deep Panuke Production Field C
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Report of the Board of Management 0
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At the start of 2010, the Company o
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SBM Offshore employees on board an
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contract will be based on a product
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Semi-Submersible Drilling Rigs The
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Semi-Submersible drilling rig 'Delb
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Top: SBM Services repairing the Sof
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y a large buoyant structure when di
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For smaller gas-supply rates, the C
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Corporate Governance Corporate Gove
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If either the GM or the Supervisory
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Appointment and Remuneration Commit
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of the Supervisory Board are meant
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Notice to convene a meeting The not
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Routine inspection on the Yme MOPUs
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• no agreement has been concluded
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Risk Management Risk Management ope
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Strategic Irregular order intake In
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the consequences of the Deepwater H
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Funding risk Success in obtaining n
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Supervisory Board and has been disc
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Michael Wyllie British, 1958 Chief
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Financial Review / Financial Statem
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Annual Report 2010 - SBM Offshore

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