ONE ROOF

More documents

Recommendations

Info

(management holding company)* HOCHTIEF Europe Division HOCHTIEF Real Estate Division HOCHTIEF Services Division The Europe division pools our expertise in our core building business under the leadership of HOCHTIEF Construction. This takes in building construction together with civil and structural engineering in selected European countries including Germany, the UK, Austria, Poland, the Czech Republic and Russia. Under the FormArt brand, the company operates as a property developer focused on high-quality residential real estate. At the same time, HOCHTIEF Construction is building a growing reputation for itself as a general contractor on major projects outside Europe, for example, in the Gulf states. Some of the work on these projects is done under HOCHTIEF’s partnership-based business models such as PreFair. HOCHTIEF Construction provides preconstruction, construction and post-construction services in the form of packages that include, for instance, building diagnosis and location analysis. We also boast one of the largest engineering consultants in HOCHTIEF Consult, whose experts support numerous clients on complex, major projects. Our subsidiary Streif Baulogistik is a service provider for construction, construction-related infrastructure and logistics. It carries out site installation for HOCHTIEF companies and external clients and also coordinates and streamlines building site processes. 4 Annual Report 2009 The companies making up the Real Estate division develop, build, market and manage real estate across the entire property life cycle. HOCHTIEF Projektentwicklung plans, develops and markets real estate projects in Germany and other countries. Its range of services spans all phases of a property’s development from securing the site and financing the project through to the property’s disposal. Its core business comprises office buildings in and within easy reach of city centers, while other focuses include retail and residential properties, accommodation for senior citizens and the development of entire urban districts. Hotel, logistics and special-purpose buildings are also among its product segments. HOCHTIEF Projektentwicklung operates as an “interim investor” with the intention of selling its projects on as swiftly as possible and therefore does not build up a property portfolio of its own. HOCHTIEF holds a 50 percent stake in aurelis Real Es- tate. The company has more than 21 million square meters of real estate close to city centers, mainly in large cities and their catchment areas. aurelis markets some of this real estate for project development. The remainder comprises portfolio properties which the company rents out to commercial users. As Germany’s leading provider of property management services, HOCHTIEF Property Management acts on behalf of real estate investors. In representing ownership interests, it makes an important contribution toward optimizing returns on investment. We also have many years’ experience in managing and marketing large real estate portfolios in the asset management segment. Through the companies in the HOCHTIEF Services division, we offer facility management and energy management services. HOCHTIEF Facility Management is one of Europe’s leading specialists in integrated facility management solutions. The company operates in sectors such as the automotive industry, chemical/pharmaceutical industries, electronics/semiconductors, financial service providers/real estate investors, airport/aviation, healthcare, and venue management. It applies an integrated approach to buildings, properties, processes and facilities, thus creating solutions that go far beyond conventional facility management. One of Germany’s foremost energy contracting firms, HOCHTIEF Energy Management ensures the efficient operation of energy systems in industry as well as for public and private-sector buildings. For this, the company operates, improves, finances and refurbishes systems for the generation and distribution of heating, ventilation and air conditioning, refrigeration, compressed air, electricity, light and water. These measures enable it not only to deliver a sustained reduction in clients’ operating costs, but also to save some 100,000 metric tons of carbon emissions a year. Our company at a glance
Turning Vision into Value HOCHTIEF is one of the leading international providers of construction-related services. We deliver integrated services covering the life cycle of infrastructure projects, real estate and facilities. Thanks to our global network, we are on the map in all the world’s major markets. We believe in sustainable growth and take on responsibility. HOCHTIEF offers a portfolio comprising the modules development, construction, services and concessions and operation. Our tightly knit capabilities allow us to offer clients premium quality and solutions individually tailored to their needs. Our company’s expert staff create value for clients, shareholders and HOCHTIEF alike. Our “One roof—all solutions” approach is designed to optimally network and market the services of our companies. Annual Report 2009 5
Page 1 and 2: HOCHTIEF Annual Report 2009 ONEROOF
Page 3: Our Company at a Glance in 2009 HOC
Page 7 and 8: ❘ Information for our Shareholder
Page 9 and 10: us: For instance, Leighton was awar
Page 11 and 12: A major topic relating to the HOCHT
Page 13 and 14: esolutions regarding the Executive
Page 15 and 16: Executive Board Dr.-Ing. Herbert L
Page 17 and 18: One focus of corporate governance a
Page 19 and 20: Executive Board compensation also i
Page 21 and 22: Supervisory Board compensation tion
Page 23 and 24: Indexed performance of HOCHTIEF sto
Page 25 and 26: Regional distribution (as of Decemb
Page 27 and 28: with the goal of improving an airpo
Page 29 and 30: HOCHTIEF Concessions Division: Conc
Page 31 and 32: ❘ Information for our Shareholder
Page 33 and 34: Our global presence HOCHTIEF worldw
Page 35 and 36: *For further information, please se
Page 37 and 38: The economic crisis will continue t
Page 39 and 40: and communications. The weak infras
Page 41 and 42: This sustained growth will be affec
Page 43 and 44: Internationally, new orders fell by
Page 45 and 46: Strategy • Successful corporate s
Page 47 and 48: we bring together our experts for t
Page 49 and 50: Our cross-divisional competence cen
Page 51 and 52: stones of this consulting service i
Page 53 and 54: meters of concrete and 142,000 squa
Page 55 and 56:
Employees • Staff development too
Page 57 and 58:
market in the USA. Turner currently
Page 59 and 60:
In our global procurement network,
Page 61 and 62:
HOCHTIEF Group performance The HOCH
Page 63 and 64:
Value Added • Net value added con
Page 65 and 66:
Financial Review • Strong year-on
Page 67 and 68:
The EUR 15 million negative amount
Page 69 and 70:
to the emerging challenges of the f
Page 71 and 72:
Further loans are in place on a loc
Page 73 and 74:
y Leighton. Other non-current liabi
Page 75 and 76:
HOCHTIEF Aktiengesellschaft Stateme
Page 77 and 78:
als. Section 23 (1) of the Articles
Page 79 and 80:
of parties acting in concert, acqui
Page 81 and 82:
provided on appointment and replace
Page 83 and 84:
Segment Reporting Synergies boost s
Page 85 and 86:
delphia. The project is worth appro
Page 87 and 88:
jet parking areas. The project will
Page 89 and 90:
Project highlights in Australia Ser
Page 91 and 92:
The new contract is worth approxima
Page 93 and 94:
Budapest Airport HOCHTIEF AirPort s
Page 95 and 96:
The Elefsina-Patras-Tsakona toll ro
Page 97 and 98:
HOCHTIEF Europe Division • Return
Page 99 and 100:
essary work in the North Sea. With
Page 101 and 102:
HOCHTIEF Real Estate Division • S
Page 103 and 104:
Together with the Senator Group, th
Page 105 and 106:
unified and optimized. The associat
Page 107 and 108:
HOCHTIEF Services Division • Exis
Page 109 and 110:
2009. HOCHTIEF Energy Management wi
Page 111 and 112:
Risk Report • Group-wide early wa
Page 113 and 114:
Execution Ausführungsaudit Audit E
Page 115 and 116:
Fiscal year 2010 will be shored up
Page 117 and 118:
HOCHTIEF works with first-rate cert
Page 119 and 120:
❘ Information for our Shareholder
Page 121 and 122:
Investing in sustained growth Our c
Page 123 and 124:
which was established in 2008, is a
Page 125 and 126:
Page 127 and 128:
Consolidated Statement of Earnings
Page 129 and 130:
Consolidated Balance Sheet (EUR tho
Page 131 and 132:
Page 133 and 134:
[Independent] Auditors’ Report We
Page 135 and 136:
As in the prior year, the Consolida
Page 137 and 138:
Property, plant and equipment is st
Page 139 and 140:
The POC method is used primarily in
Page 141 and 142:
value initially recognized in equit
Page 143 and 144:
The remaining new or amended standa
Page 145 and 146:
IFRIC 17 Distributions of Non-cash
Page 147 and 148:
6. Other operating expenses (EUR th
Page 149 and 150:
9. Income taxes 2009 2008 (EUR thou
Page 151 and 152:
Impairment losses of EUR 64,000 (20
Page 153 and 154:
Impairment losses of EUR 58,000 (20
Page 155 and 156:
Associates The following tables sho
Page 157 and 158:
17. Other receivables and other ass
Page 159 and 160:
The figure of EUR 1,422,095,000 (20
Page 161 and 162:
As of December 31, 2009, HOCHTIEF A
Page 163 and 164:
Top Executive Retention Plan 2004 T
Page 165 and 166:
The quantities of SARs and stock aw
Page 167 and 168:
Investing plan assets to cover futu
Page 169 and 170:
The effects of a one percentage poi
Page 171 and 172:
Sundry other financial liabilities
Page 173 and 174:
Maximum payments as of December 31,
Page 175 and 176:
Management of interest rate risk HO
Page 177 and 178:
The following sensitivity analyses
Page 179 and 180:
The impairments in trade receivable
Page 181 and 182:
2008 (EUR thousand) Available for s
Page 183 and 184:
The EUR 9,600,000 gains are include
Page 185 and 186:
35. Segment reporting Segmental rep
Page 187 and 188:
Profit/(loss) from operating activi
Page 189 and 190:
All non-cash income and expense and
Page 191 and 192:
The fees for services provided in G
Page 193 and 194:
Corporate Headquarters ❘ Informat
Page 195 and 196:
Supervisory Board Committees Nomina
Page 197 and 198:
Glossary Alumni program The alumni
Page 199 and 200:
Our five year summary Five Year Sum
Page 201 and 202:
Publication Details and Credits Pub
show all

ONE ROOF

Create successful ePaper yourself

Delete template?

Save as template?