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Content 52–76 Group Management Report<br />

52 Business and Economic Conditions<br />

56 Research and Development<br />

57 Results of Operations<br />

59 Net Assets and Financial Analysis<br />

64 Development of the Corporate Divisions<br />

70 Bertelsmann AG<br />

70 Employees<br />

70 Corporate Responsibility<br />

71 Other Information<br />

71 Signifi cant Events after the Balance Sheet Date<br />

72 Risk Report<br />

75 Outlook<br />

Bertelsmann Annual Report 2009<br />

77–151 Group Financial Statements<br />

77 Group Income Statement<br />

78 Group Statement of Comprehensive Income<br />

79 Group Balance Sheet<br />

80 Group Cash Flow Statement<br />

81 Group Statement of Changes in Equity<br />

84 Notes<br />

152 Corporate Governance<br />

154 Report of the Supervisory Board<br />

158 –160 Boards | Mandates<br />

158 Supervisory Board<br />

160 Executive Board<br />

161 Auditor’s Report<br />

162 Responsibility Statement<br />

163–164 Additional Information<br />

163 Selected Terms at a Glance<br />

164 Financial Calendar/Contact<br />

164 Production Credits<br />

Financial Information

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