Download PDF version English(2664KB) - Hamon

Part 3 - Financial Statements
71
Subsidiary Country % Group interest % Group interest
2010 2009
2. Subsidiaries consolidated by proportional integration
Hamon Shriram Cottrell PVT Ltd India - 50%
Hamon D’Hondt Middle East Company Ltd Saudi Arabia 39,64% 39,64%
Hamon Cooling Towers Company FZCo United Arab Emirates 50% 50%
6. EXCHANGE RATES USED BY THE GROUP
Exchange rates for 1 EUR Period-end rate Average rate
2010 2009 2008 2010 2009 2008
UAE Dirham AED 4,9075 5,2849 5,1057 4,8692 5,1230 5,4172
Australian Dollar AUD 1,3136 1,6008 2,0274 1,4514 1,7834 1,7342
Brazilian Real BRL 2,2177 2,5113 3,2436 2,3336 2,7876 2,6366
Canadian Dollar CAD 1,3322 1,5128 1,6998 1,3723 1,5897 1,5581
Chinese Yuan CNY 8,8220 9,8350 9,4956 8,9757 9,5229 10,2787
Pound Sterling GBP 0,8608 0,8881 0,9525 0,8576 0,8927 0,7934
Hong-Kong Dollar HKD 10,3856 11,1709 10,7858 10,2962 10,8073 11,5200
Indonesian Rupiah (100) IDR 120,0214 136,2613 152,3912 120,5061 145,1034 141,7556
Indian Rupee INR 59,7580 67,0400 67,7232 60,5824 67,1449 63,7679
South Korean Won (100) KRW 14,9906 16,6697 18,3913 15,3614 17,7722 16,0640
Malaysian Ringgit MYR 4,0950 4,9326 4,8048 4,2739 4,9050 4,9106
Polish Zloty PLZ 3,9750 4,1045 4,1535 4,0047 4,3490 3,5018
Saudi Riyal SAR 5,0108 5,3897 5,2170 4,9716 5,2310 5,5326
Thai Baht THB 40,1700 47,9860 48,2850 42,1378 47,8563 48,6770
U.S. Dollar USD 1,3362 1,4406 1,3917 1,3254 1,3943 1,4604
South African Rand ZAR 8,8625 10,6660 13,0667 9,7243 11,6207 11,9545
7. Information by segment
The Group is organized in five Business Units: Cooling
Systems, Process Heat Exchangers, Air Pollution
Control EMEA/Brazil, Air Pollution Control NAFTA and
Chimneys. Additional Business Unit information is
presented in the first part of this annual report.
The results of a segment and its assets and liabilities
include all the elements that are directly attributable to
it as well as the elements of the income, expenses,
assets and liabilities that can reasonably be allocated to
a segment. Segment profit represents the profit earned
by each segment after allocation of central administration
costs and management salaries, share of profits of
associates and investment revenues, to the extent that
they can be allocated to a segment, but before finance
costs. This is the measure regularly presented to the
chief operating decision maker for the purposes of
resources allocation and assessment of segment
performances.
The accounting policies of the reportable segments are
the same as the Group’s accounting policies described
in note 3.