Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012

Consolidated and Annual Financial Statements 2010
in million EUR 2010 2009 2008 2007 2006
141
Depreciation and amortization 34.1 31.4 30.1 37.4 32.7
Change in % 8.58 4.33 (19.55) 14.44 4.73
in % of gross profit 3.18 3.62 2.74 3.41 3.25
Personnel expenses 646.2 553.9 625.4 610.2 562.1
Personnel
Number of employees at year-end (world) 14,136 13,570 14,804 15,301 14,304
Number of employees at year-end (Switzerland) 749 737 778 769 755
Productivity ratios (in EUR)
Net sales per average employee 365,346 284,667 367,260 357,539 367,461
Gross profit per average employee 75,479 65,787 72,048 74,620 75,572
Personnel expenses per average employee 45,435 39,967 41,059 41,478 42,130
Personnel cost in % of gross profit 60.20 60.75 56.99 55.59 55.75
Leverage (liabilities / equity) 1.46 1.24 1.27 1.23 1.17
Net interest-bearing liabilities (436) (359) (256) (195) (231)
Gross gearing (interest-bearing liabilities / equity) 0.01 0.02 0.02 0.03 0.03
Net gearing (net interest-bearing liabilities / equity) (0.68) (0.63) (0.44) (0.32) (0.38)
ROCE (EBIT less tax / capital employed) in % (5.40) 6.14 23.03 34.84 31.96
Current cash debt coverage ratio
(net operating cash flow / average current liability) 0.04 0.27 0.19 0.20 0.26
Cash debt coverage ratio
(net operating cash flow / average total liability) 0.03 0.24 0.16 0.18 0.23
Return on equity in % (3.1) 1.2 12.1 21.2 20.2
Change in % (360.88) (89.97) (42.93) 4.83 38.07
Panalpina Annual Report 2010