Annual Report 2010 311 - Verbundnetz Gas AG
Annual Report 2010 311 - Verbundnetz Gas AG
Annual Report 2010 311 - Verbundnetz Gas AG
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Contents<br />
4 Foreword of the Executive Board<br />
6 Statement of the Supervisory Board<br />
8 Executive Board of<br />
VNG – <strong>Verbundnetz</strong> <strong>Gas</strong> Aktiengesellschaft<br />
9 Shareholders of VNG<br />
10 Management <strong>Report</strong> and Consolidated<br />
Management <strong>Report</strong> on the <strong>2010</strong> Financial Year<br />
10 Solid position in a difficult market environment<br />
10 Strategic orientation<br />
10 Natural gas wholesale<br />
11 Exploration & production<br />
11 Transport and storage of natural gas<br />
11 Business environment and energy market<br />
12 Energy policy framework<br />
14 Exploration & production<br />
14 <strong>Gas</strong> trading<br />
14 <strong>Gas</strong> purchase<br />
15 <strong>Gas</strong> sales<br />
15 <strong>Gas</strong> sales, Germany<br />
17 <strong>Gas</strong> sales, other countries<br />
17 Poland<br />
17 Czech Republic<br />
17 Slovakia<br />
17 Italy<br />
17 France<br />
17 Switzerland<br />
17 Luxembourg<br />
18 <strong>Gas</strong> storage<br />
19 <strong>Gas</strong> transport<br />
20 Investment portfolio of the VNG Group<br />
21 Fully consolidated German companies in the VNG Group<br />
21 Fully consolidated foreign companies in the VNG Group<br />
22 Associated German companies in the VNG Group<br />
22 Associated foreign companies in the VNG Group<br />
23 Other participating interests in the VNG Group<br />
23 Services in the VNG Group<br />
24 Innovation and exchange of experience<br />
25 Commitment and responsibility<br />
26 Human resources<br />
27 <strong>Annual</strong> financial statements of VNG <strong>AG</strong> and<br />
consolidated financial statements of the VNG Group<br />
2
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