2009 - Jaarverslag

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NOTES TO THE STATEMENT OF COMPREHENSIVE INCOME31,2 Analysis by geographic location Revenues by origin Assets by origin2009 2008 2009 2008Netherlands 172.8 222.5 57.4 135.4Rest of Europe 149.7 176.1 208.5 185.1North America 400.8 488.0 247.1 295.5Asia / Australia / Middle East 118.8 146.0 235.5 273.2TOTAL 842.1 1,032.6 748.5 889.232 ACQUISITIONS AND DIVESTMENT OF PARTICIPATING INTERESTSDivested operationsThe impact of the CTI/Geofabrics Australasia pty ltd and Ten Cate Permess Interlinings Hong Kong ltd operationsdivested in 2009 on the statement of comprehensive income for 2009 was as follows:2009 2008Revenues 17.3 35.8Costs of raw materials and manufacturing supplies and work contracted out 9.4 21.6Other costs 6.2 11.4Operating result 1.7 2.833 PERSONNEL COSTS 2009 2008Wages and salaries 128.7 138.4Social charges 26.4 28.4Costs of option scheme 1.2 1.7Pension costs 5.8 3.8Temporary personnel 6.8 14.4Other personnel costs 4.1 3.6Personnel costs 173.0 190.3The pension costs comprise € 2.8 million (2008: € 1.9 million) in respect of defined benefit pension schemes(see note 49.3) and € 3.0 million (2008: € 1.9 million) in respect of defined contribution schemes.106Royal Ten Cate Annual Report 2009
34 OTHER OPERATING COSTS34.1 Government subsidiesThe Group’s consolidated statement of comprehensive income includes € 1.5 million of government subsidies in2009 (2008: € 2.1 million).34.2 Research and developmentThe costs associated with research and development amounted to € 9.3 million in 2009 (2008: € 7.9 million), ofwhich €6.8 million (2008: € 4.2 million) has been stated in personnel costs and € 2.5 million (2008: € 3.7 million)under other operating costs.34.3 Book profit on sale of tangible fixed assetsIn 2009 the Group sold land and buildings on which a total book profit of € 1.3 million was recorded(2008: € 6.5 million).2009 2008Land and buildings 1.3 6.5Others – 0.2Result from sale 1.3 6.7Book value of sold assets 3.1 6.1Proceeds of sale 4.4 12.834.4 Operating lease expensesThe Group included € 7.3 million of expenses relating to operating lease agreements in other operating costs In2009 (2008: € 5.5 million).35 NET FINANCIAL EXPENSES 2009 2008Financial income 1.1 0.5Financial expenses – 9.0 – 17.9Impairment of financial fixed assets * – 4.9 –Exchange rate differences 0.1 3.7Net financial expenses – 12.7 – 13.7*See note 40.2.Royal Ten Cate Annual Report 2009 107
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Royal Ten CateAnnual Report 2009Con
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COMMERCIAL OVERVIEWas at 1 January
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Annual Report 2009Royal Ten CatePro
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Financial highlights inmillions of
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Corporate technology3D weavingThe T
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Vision, mission, strategy and objec
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TenCate technology overviewEND-USER
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The TenCate shareLISTINGThe TenCate
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ConnectedTenCate is a producer of m
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Report of the Supervisory BoardANNU
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REPORT OF THE SUPERVISORY BOARD◾
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ADVANCED ARMOURIn Europe demand has
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The Boards (as at 1 January 2010)EX
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PROTECTIVE FABRICSIn 2009 TenCate P
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REPORT OF THE EXECUTIVE BOARDAnalys
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REPORT OF THE EXECUTIVE BOARDOPERAT
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REPORT OF THE EXECUTIVE BOARDPOST B
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PROTECTIVE FABRICSProtective clothi
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REPORT OF THE EXECUTIVE BOARD > Adv
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REPORT OF THE EXECUTIVE BOARD > Adv
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AEROSPACE COMPOSITESIn March 2009 A
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ADVANCED ARMOURPeace operations are
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GEOSYNTHETICSIn 2009 TenCate Geosyn
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REPORT OF THE EXECUTIVE BOARD > Geo
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innovative inkjet solutionsAs globa
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Page 62 and 63: CORPORATE INFORMATIONSWOT ANALYSIST
Page 64 and 65: GRASSThe 100th Cruyff Court was ope
Page 66 and 67: CORPORATE INFORMATIONbodies, in par
Page 68 and 69: CORPORATE INFORMATIONWith regard to
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Page 72 and 73: CORPORATE INFORMATIONthe reduction
Page 74 and 75: CORPORATE INFORMATIONSAFETYOur empl
Page 76 and 77: CORPORATE INFORMATIONResearch and d
Page 78 and 79: CORPORATE INFORMATIONSUSTAINABILITY
Page 80 and 81: SPACE COMPOSITESGalileo is the firs
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Page 84 and 85: 24 Share capital 10125 Pension liab
Page 86 and 87: Consolidated statement of comprehen
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Page 132 and 133: OTHER INFORMATIONThe term of the fi
Page 134 and 135: OTHER INFORMATION51.3 Interest rate
Page 136 and 137: OTHER INFORMATION51.5 Hedge account
Page 138 and 139: OTHER INFORMATIONThe effect of a ge
Page 140 and 141: OTHER INFORMATION56.2 Directors’
Page 142 and 143: Company financial statements58 COMP
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Page 150 and 151: Other informationTo the General Mee
Page 152 and 153: OTHER INFORMATIONSUBSEQUENT EVENTSA
Page 154 and 155: Ten-year summaryIn millions of euro
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Page 158 and 159: OTHER ACTIVITIESNON-CONSOLIDATED CO
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Royal Ten Cateinvestor relations &
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2009 - Jaarverslag

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