össur annual report2009 - Euroland

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Currently, Össur has favorable financing terms and no financial covenant issues. It is the intention to internationalize the debt structure of Össur. earnings per share earnings per share 2009 2008 change EPS diluted (US cents) 5.30 6.73 -21% Cash EPS diluted (US cents) 9.66 12.29 -21% cash floW Össur had a strong cash flow in 2009. The Company’s liquidity position has improved further and cash at the end of the year amounted to USD 80 million, compared to USD 31 million at the end of 2008. cash floW cash floW (USD ‘000) 2009 % of Sales 2008 % of sales Working capital provided by operating activities 44,473 13% 58,070 17% Net cash provided by operating activities 69,155 21% 52,835 15% capital eXpenditure and investMents Capital investments amounted to USD 9.7 million or 2.9% of sales, compared to USD 7.8 million and 2.2% of sales in the same period of 2008. Capital investments continue to be in line with the Company’s guidance of 2.5-3.5%. split betWeen currencies 2009 currency split incoMe cost USD 48.2% 50.9% EUR 35.0% 29.7% ISK 0.3% 9.1% Other European currencies 16.5% 10.3% <strong>annual</strong> report 09 54 sales by segMent usd ‘000 2009 % of sales bracing & supports groWth usd 161,732 49% -10% -6% prosthetics 148,513 45% 4% 8% coMpression therapy 18,159 5% -10% -5% groWth lcy other 2,176 1% -57% -53% total 330,580 100% -5% -1%
Össur hf. consolidated financial stateMents 2009
Page 1 and 2:
össur annual report 2009
Page 3 and 4:
table of contents annual report 200
Page 5 and 6: “The results for 2009 are good an
Page 7 and 8: strategy Össur focus is on improvi
Page 10 and 11: Market and environMent Össur opera
Page 12 and 13: Össur is in the business of keepin
Page 14 and 15: operations Össur is a global ortho
Page 16 and 17: The Company believes that the combi
Page 18 and 19: We provide products and services to
Page 20 and 21: locations china asia china Asian He
Page 22: The world’s most requested ligame
Page 25 and 26: project management office engineeri
Page 27 and 28: R&D is essential to future developm
Page 29 and 30: talent ManageMent One of Human Reso
Page 31 and 32: transforming through acquisitions a
Page 34 and 35: corporate governance In line with t
Page 36 and 37: for a term of one year. Board Membe
Page 38 and 39: according to previously established
Page 40 and 41: the reMuneration and shareholding o
Page 42: ○○ MiaMi luMbar The Miami Lumb
Page 45 and 46: Product liability claims could adve
Page 47 and 48: Össur’s aim is to maintain and i
Page 49 and 50: In 2009 Össur celebrated its 10 ye
Page 51 and 52: publication schedule for reports Fi
Page 54 and 55: perforMance overvieW 2009 Total sal
Page 59 and 60: FINANCIAL RATIOS CONSOLIDATED STATE
Page 61 and 62: INDEPENDENT AUDITOR’S REPORT To t
Page 63 and 64: CONSOLIDATED STATEMENTS OF COMPREHE
Page 65 and 66: 31 DECEMBER 2009 AND 31 DECEMBER 20
Page 67 and 68: CONSOLIDATED STATEMENT OF CHANGES I
Page 69 and 70: controlled by the Company (its subs
Page 71 and 72: 3.11 share-based payMents Equity-se
Page 73 and 74: 3.16 inventories Inventories are st
Page 75 and 76: A derivative is presented as a non-
Page 77 and 78: 6. geographical segMents The Compan
Page 79 and 80: 7. other incoMe Included in other i
Page 81 and 82: Deferred tax balances: OpENING RECO
Page 83 and 84: 14. property, plant and equipMent O
Page 85 and 86: Depreciation classified by operatio
Page 87 and 88: Amortization classified by operatio
Page 89 and 90: 18. other financial assets fINANCIA
Page 91 and 92: 25. retained earnings RETAINED EARN
Page 93 and 94: 30. provisions CURRENT NON-CURRENT
Page 95 and 96: The Company’s exposures to intere
Page 97 and 98: unaudited inforMation The following
Page 99 and 100: annual report 2009 Production: Öss
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össur annual report2009 - Euroland

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