- Page 1 and 2: Annual Report 2011 A passion for so
- Page 3 and 4: Five-year development in million CH
- Page 5 and 6: Key figures 2011 Net forwarding rev
- Page 7 and 8: Letter to Shareholders Panalpina An
- Page 9 and 10: Executive Board (clockwise): Monika
- Page 11 and 12: Panalpina’s headquarters closer t
- Page 13 and 14: Gross profit per region (2011) Euro
- Page 15 and 16: Non-current assets Panalpina’s no
- Page 17 and 18: Group Management Structure As at De
- Page 19 and 20: Report of the Executive Board North
- Page 21 and 22: Logistics Key figures Generated 14
- Page 23: Tim Bauer Lane Manager for Air Frei
- Page 27 and 28: Jasmine Medhora of Panalpina’s Pa
- Page 29 and 30: Marco Parnitzke Booking Agent for L
- Page 31 and 32: Panalpina Annual Report 2011
- Page 33 and 34: Success factors as growth drivers 2
- Page 35 and 36: Highest compliance standard Our cor
- Page 37 and 38: Europe, Middle East, Africa and CIS
- Page 39 and 40: Automotive Continued growth of volu
- Page 41 and 42: Discovering and developing leadersh
- Page 43 and 44: are specifically designed for emplo
- Page 45 and 46: Procurement Strong subcontractor re
- Page 47 and 48: Poland award in the 9 th Logistics
- Page 49 and 50: Previous goals included 5 % reducti
- Page 51 and 52: Social Commitment Responsibility to
- Page 53 and 54: 2 Capital structure 2.1 Capital On
- Page 55 and 56: and Sales Scandinavia and from 1986
- Page 57 and 58: and other selected senior managemen
- Page 59 and 60: Board since October 2006. Responsib
- Page 61 and 62: The voting restrictions do not appl
- Page 63 and 64: Global Reporting Initiative www.pan
- Page 65 and 66: Contents Consolidated Financial Sta
- Page 67 and 68: Consolidated Financial Statements 2
- Page 69 and 70: Consolidated Statement of Changes i
- Page 71 and 72: Consolidated Statement of Cash Flow
- Page 73 and 74: Consolidated Financial Statements 2
- Page 75 and 76:
Consolidated Financial Statements 2
- Page 77 and 78:
Consolidated Financial Statements 2
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Intangible assets Consolidated Fina
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Amortized cost of financial instrum
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Cash and cash equivalents and other
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Consolidated Financial Statements 2
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2010 (in million CHF) Europe, Middl
- Page 89 and 90:
Consolidated Financial Statements 2
- Page 91 and 92:
Consolidated Financial Statements 2
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Management Incentive Plan 09 / 10 (
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9 Board of Directors Restricted Sto
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The Group’s effective tax rate ca
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14 Property, plant and equipment Co
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A summary of the goodwill allocatio
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Consolidated Financial Statements 2
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Consolidated Financial Statements 2
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The table below shows the Group’s
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20 Trade receivables Consolidated F
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Derivative financial instruments ar
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25 Borrowings Consolidated Financia
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Consolidated Financial Statements 2
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2010 (in thousand CHF) Employee ben
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2010 (in thousand CHF) Annual salar
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30 Business combinations/disinvestm
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Consolidated Financial Statements 2
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Company Registered Currency Consoli
- Page 127 and 128:
Company Registered Currency Consoli
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Panalpina World Transport (Holding)
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Consolidated Financial Statements 2
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Key Figures in EUR Five-year review
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Consolidated Financial Statements 2
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Balance Sheet as of December 31 (be
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Participations Annual Financial Sta
- Page 141 and 142:
Annual Financial Statements 2011 Fu
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Panalpina World Transport (Holding)
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Ordinary gross dividend payments Fi
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Imprint Panalpina World Transport (