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ANNUAL REPORT 2010 Strength through
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CONSOLIDATION AND SOLID EARNINGS PE
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JuMp in earningS at induStrial hone
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taSk Franz Haring, 47, testing and
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Senior leadership team (Slt) The se
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CORPORATE GOVERNANCE Corporate gove
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volume in the automotive Components
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in 2012, and we’re confident that
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produCt SHT now operates six logist
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CorPorate governanCe PoliCy Frauent
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Honeycombs Division). He is also a
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indePendenCe oF the SuPerviSory Boa
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Governance, and monitored by the au
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ut the market still has much ground
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key Share ratioS Investor Relations
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Strength through diverSitY
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in Toruń, Poland, from Necks Inves
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8 1 2 3 4 5 6 7 Linnemann-Schnetzer
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„in the frauenthal group, pioneer
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solid stabilisers, but up to 15kg l
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FaC has developed a new strategy -
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taSk Bernd Eichelberger, 49, Lothar
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SHT Haustechnik AG is Austria’s l
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positions. This is particularly cru
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operating revieW Operating Review 4
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Business performance All three divi
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taSk Monika Burian, 46, sorting fi
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evenue by geographical markets Prof
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2010 2009 aSSetS EUR ’000 EUR ’
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Shareholder value Operating Review
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produCt SHT Haustechnik AG has six
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eference entity. This indicator imp
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Market riSk Economic conditions in
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In 2010 the impairment review resul
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indicator system supports internal
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at all stages of the goods flow. Th
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Die HR development is crucial to th
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In the power station catalyst busin
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ConSolidated finanCial StateMentS C
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Note 9,27 16 18 19 16 Consolidated
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Note 19 19 19 7,19 19 19 13,20,22 2
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Statement of changes in equity tota
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ChangeS in Carrying valueS Carrying
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ChangeS in Carrying valueS Carrying
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Automotive Components Wholesale Plu
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new interpretations 1) Consolidated
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Consolidated Financial Statements F
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IFRIC 19 Extinguishing Financial Li
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Consolidated Financial Statements F
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The following companies are fully c
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Consolidated Financial Statements F
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- Page 121 and 122: [21] Short-term provisions Changes
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- Page 129 and 130: Change in deferred tax Consolidated
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- Page 145 and 146: opinion on the group operating revi
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