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Table of Contents Corporate Governance Report > search Print Book 1 Book 2 Book 3 Book 4 Book 5 Book 6 Book 7 Book 8 PALFINGER at a Glance Financial Highlights of the PalfinGer Group 2 How to Use this Annual Report 6 Foreword by the CEO 7 Mission Statement 8 Highlights of 2011 9 PalfinGer at a Glance 10 Strategy and Value Management 12 Definition of Performance Indicators 17 Index 18 General Information 19 Investor Relations 21 Corporate Governance Report Information According to Sec. 243b of the Business Code 32 Governing Bodies 32 Remuneration Report 38 Code of Corporate Governance 39 Consolidated Management Report / Market Review Economic Background 44 Industry Review 46 PalfinGer and its Competitors 51 Customers and Suppliers 53 Consolidated Management Report / Performance of PALFINGER Business Development in 2011 60 Significant Changes 61 Legal Changes within the PalfinGer Group 63 Information According to Sec. 243a of the Business Code 64 Financial Position, Cash Flows and Result of Operations 66 Treasury 69 Risk Report 70 Research, Development and Innovation 77 Value Creation 81 Human Resources 84 Sustainability 86 Consolidated Management Report / Segments and Outlook Performance by Segment 92 Key Events after the Balance Sheet Date 98 Outlook 99 Consolidated Financial StatementS Consolidated Financial Statements for the Year Ended 31 DEC 2011 103 Statement of Legal Representatives 173 Auditor’s Report 174 Report of the Supervisory Board 176 The WorlD of Palfinger 179 Companies of the PalfinGer Group Corporate Locations of the PalfinGer Group 30 palfinger Annual Report 2011
search Print Highlights Corporate Governance Report Corporate Governance Report • Commitment to the Austrian Code of Corporate Governance • Stock option programme rewards long-term suCCesses • vAriable remuneration of Board members averAGed 42 per cent in 2011 palfinger Annual Report 2011 31
Page 1 and 2: suchen drucken Inhalt PALFINGER auf
Page 3 and 4: search Print We Remain Flexible in
Page 5 and 6: search Print Financial Highlights o
Page 7 and 8: search Print Highlights palfinger a
Page 9 and 10: search Print Foreword by the CEO pa
Page 11 and 12: search Print Highlights of 2011 pal
Page 13 and 14: • TELESCOPIC CRANES WE ENABLE OUR
Page 15 and 16: search Print Strategy and Value Man
Page 17 and 18: search Print Strategy and Value Man
Page 19 and 20: search Print Definition of Performa
Page 21 and 22: search Print General Information pa
Page 23 and 24: search Print Flexible and Stable -
Page 25 and 26: search Print Highlights Investor Re
Page 27 and 28: search Print Investor Relations pro
Page 29 and 30: search Print Investor Relations Inv
Page 31: We are Prompt in Reacting to Change
Page 35 and 36: search Print Governing Bodies Corpo
Page 37 and 38: Governing Bodies Corporate Governan
Page 39 and 40: Remuneration Report Corporate Gover
Page 41 and 42: www.palfinger.com Palfinger AG Fran
Page 43 and 44: Table of Contents Consolidated Mana
Page 45 and 46: Economic Background Consolidated Ma
Page 47 and 48: Industry Review Consolidated Manage
Page 53 and 54: PALFINGER and its Competitors Conso
Page 55 and 56: Customers and Suppliers Consolidate
Page 57 and 58: search Print www.palfinger.com Palf
Page 59 and 60: Table of Contents conSoliDateD MANA
Page 61 and 62: BusineSS Development in 2011 conSol
Page 63 and 64: Significant Changes conSoliDateD MA
Page 65 and 66: Information according to Sec. 243a
Page 67 and 68: Financial Position, Cash Flows and
Page 69 and 70: Financial Position, Cash Flows and
Page 71 and 72: Risk Report conSoliDateD MANAGEMENT
Page 79 and 80: Research, Development and Innovatio
Page 81 and 82: Research, Development and Innovatio
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Value Creation conSoliDateD MANAGEM
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Human Resources CONSoliDateD MANAGE
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Sustainability conSoliDateD MANAGEM
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search Print www.palfinger.com Palf
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Table of Contents conSolidated MANA
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Performance by Segment conSolidated
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Key Events After the Balance Sheet
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www.palfinger.com Palfinger AG Fran
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Table of Contents conSolidated FINA
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104 palfinger Annual Report 2011 >
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conSolidated INCOME Statement CONSo
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CONSOLIDATED STATEMENT OF CHANGES I
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search Print operating SegmentS con
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search Print operating SegmentS con
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search Print noteS TO THE CONSolida
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noteS TO THE CONSolidated FINANCIAL
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NOTES TO THE CONSOLIDATED FINANCIAL
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NOTES TO THE CONSOLIDATED FINANCIAL
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AUDITOR’S REPORT > search Print A
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Report of the Supervisory Board > s
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Companies of the PALFINGER Group >
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