report

More documents

Recommendations

Info

Angelique, 43 Charles Vögele Store, Landgraaf/the Netherlands “I find Charles Vögele modern and fresh. And the employees are always friendly and helpful.”
1 GroUp StrUCtUre anD SHareHoLDerS 1.1 Group structure Charles vögele Mode aG Freienbach SZ, CH Share capital, CHF 20 000 000 CORpORATE GOvERnAnCE Good corporate governance is an important component of our company policy. Charles Vögele Group is committed to transparency and a clear definition of responsibilities. It follows the Swiss Code of Best Practice for Corporate Governance, fulfilling all the statutory requirements as well as the applicable rules and standards of the SIX Swiss Exchange. Charles vögele Deutschland GmbH Sigmaringen, DE Partnership capital, EUR 15 340 000 Charles vögele (austria) GmbH Kalsdorf, AT Partnership capital EUR 1 453 457 Charles voegele trgovina s tekstilom d.o.o. Ljubljana, SI Partnership capital, EUR 667 668 Holding Company Sales organization Service organization As at 31 December 2011 Charles Vögele Holding AG is the holding company for all of the Group’s companies. Charles Vögele Trading AG is responsible for all Group-wide services, including purchasing, IT, marketing and communications, accounts, financial control, insurance, legal services, compliance and risk management. Charles vögele Mode aG Freienbach SZ, CH Share capital, CHF 26 400 000 Charles vögele (Belgium) n.v. Turnhout, BE Share capital, CHF 10 063 906 Charles vögele (netherlands) B.v. Utrecht, NL Partnership capital EUR 1 000 200 Charles voegele polska Sp. z o.o. Warsaw, PL Partnership capital, PLN 4 000 000 Charles vögele Hungária Kereskedelmi Kft. Budapest, HU Partnership capital, HUF 240 000 000 Charles voegele Ceská s.r.o. Prague, CZ Partnership capital, CZK 30 000 000 Comos Mode AG, Pfaeffikon, is the owner of all the Group’s brands and domain names. Charles Vögele Import GmbH handles operational functions associated with customs clearance and storage logistics. 45 Charles vögele trading aG Freienbach SZ, CH Share capital, CHF 10 000 000 Cosmos Mode aG, pfaeffikon Freienbach SZ, CH Share capital, CHF 100 000 Charles vögele Import GmbH Lehrte, DE Partnership capital, EUR 25 000 Charles voegele Fashion (HK) Ltd. Hong Kong, HK Share capital, HKD 100 000 Charles Vögele Fashion (HK) Ltd. is Charles Vögele Group’s sourcing office in China. It coordinates the activities of the Group’s own sourcing offices in China, India and Bangladesh. Financial Report | Corporate GovernanCe | The World of Fashion | Corporate Social Responsibility | Overview of Regions | Annual Review | CEO 's Report | Chairman's Message
Page 1: annual report 2011
Page 4 and 5: Group KeY FiGures Five-Year overvie
Page 6 and 7: 4 6 11 13 14 15 17 18 19 31 43 cont
Page 8 and 9: “The annual results for 2011 mark
Page 10 and 11: “Our core target groups are women
Page 12 and 13: Outlook: return to profitable growt
Page 14 and 15: Filippo, 44 Charles Vögele Store S
Page 16 and 17: annual revieW The country merchandi
Page 18 and 19: sWitZerlanD region A difficult envi
Page 20 and 21: Jakub, 48 Charles Vögele Store Wol
Page 22 and 23: BeneluX region Lack of confidence i
Page 24 and 25: Dorota, 48 Charles Vögele Store Wo
Page 26 and 27: 1 CuStomer reSponSibility anD proDu
Page 28 and 29: Value-Added Statement menting the
Page 30 and 31: 3 our employeeS Our employees’ kn
Page 32 and 33: Climate friendly operations - We ar
Page 34 and 35: Environmental criteria in the suppl
Page 36 and 37: News Stores worldwide By the end of
Page 38 and 39: The spring collection “California
Page 40 and 41: Til Schweiger behind the scenes Sin
Page 42 and 43: CharleS Vögele By NumBerS 7 300 em
Page 44 and 45: Sarah Connor
Page 47: CORpORATE Charles Vögele Group is
Page 51 and 52: 2.6 restrictions on transferability
Page 53 and 54: Hans Ziegler Chairman of the Board
Page 55 and 56: - Nomination and Compensation Commi
Page 57 and 58: 3.6 Information from and control ov
Page 59 and 60: 4 GroUp ManaGeMent Group Management
Page 61 and 62: The share option plan in place for
Page 63 and 64: 7.5 entry in the share register The
Page 65 and 66: Financial RepoRt
Page 67 and 68: Financial coMMentaRY 2011 was a tur
Page 69 and 70: Financial expenses and taxes Financ
Page 71 and 72: At 31 December CONSOLIDATED bALANCE
Page 73 and 74: CHF 1000 Note From 1 January to 31
Page 75 and 76: 2.3 Basis of consolidation The cons
Page 77 and 78: 2.7 Net sales and revenue recogniti
Page 79 and 80: The amounts shown under shareholder
Page 81 and 82: 2.17 Impairment of assets All capit
Page 83 and 84: 2.23 Treasury shares The costs of t
Page 85 and 86: CHF 1000 EUR / CHF USD / CHF 2011 i
Page 87 and 88: CHF 1000 < 1 year 1 - 5 years > 5 y
Page 89 and 90: 4 Critical accounting estimates and
Page 91 and 92: 5 Segment information Switzerland G
Page 93 and 94: The pension liabilities and plan as
Page 95 and 96: The pension liability of the German
Page 97 and 98: 15 Income tax 15.1 Composition of i
Page 99 and 100:
15.5 Tax-relevant loss carry-forwar
Page 101 and 102:
Other receivables are not related t
Page 103 and 104:
20.2 Finance leases The carrying am
Page 105 and 106:
22.2 Impairment test on goodwill CH
Page 107 and 108:
24 Short-term financial liabilities
Page 109 and 110:
CHF 1000 28 Mortgages Balance at 1
Page 111 and 112:
32 Treasury shares As of 31 Decembe
Page 113 and 114:
Tranche The weighted average remain
Page 115 and 116:
Movement in valuation differences n
Page 117 and 118:
2011 CHF 1000 Details of total paym
Page 119 and 120:
Balance, at 31 December 2011 Disclo
Page 121 and 122:
41 Structure of the Charles Vögele
Page 123:
Opinion In our opinion, the consoli
Page 126 and 127:
From 1 January to 31 December INCOM
Page 128 and 129:
NOtES tO thE FINaNCIal StatEMENtS 1
Page 130 and 131:
Shareholders 66 Share of capital as
Page 132 and 133:
Report of the statutory auditors to
Page 134 and 135:
Share performance Price performance
Page 136:
Charles Vögele makes fashion.
show all

report

Create successful ePaper yourself

Delete template?

Save as template?