2009 - Jaarverslag

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NOTES TO THE CONSOLIDATED BALANCE SHEETThe amount released to the result has been included in the statement of comprehensive income as follows:2009 2008Personnel costs 0.4 0.2Other operating costs 0.8 2.8Total 1.2 3.0The guarantee provision relates to goods and services supplied and the provision for claims relates to damageclaims and possible legal costs.Reorganisations at Ten Cate Advanced Composites bv, Ten Cate Thiolon bv and the TenCate Enbi group wereannounced in 2009. These are expected to be fully completed in 2010.The provision for other personnel liabilities has been formed in respect of long-term leave and other allowances,such as anniversaries.The environmental provision has been formed for expected costs of decontamination of industrial sites, on thebasis of functional decontamination (maintenance of business use).126Royal Ten Cate Annual Report 2009
Other information51 FINANCIAL INSTRUMENTSAs part of the normal business operations, the Group incurs liquidity, credit, interest and currency risks.The risk of fluctuations, mainly in exchange rates and interest rates, is hedged using derivatives.51.1 Liquidity riskThe liquidity risk is the risk of the Group being unable to meet its liabilities when they fall due. The Group’spolicy on control of the liquidity risk is to guarantee to the best of its ability that sufficient liquidities areavailable to meet its liabilities on time, in both normal and exceptional situations.The term of the financial liabilities as at 31 December 2009 is as follows:Book valueContractualcash flow(includinginterest)2010< 1 year20111-2 years2012/142-5 years2015and after> 5 yearsFinancial liabilities(excluding derivatives)Long-term debts 193.6 – 198.9 – 3.5 – 5.6 – 187.0 – 2.8Cash loans, overdrafts 14.7 – 14.7 – 14.7 – – –Trade and other creditors,excluding derivatives 111.0 – 111.0 – 111.0 – – –DerivativesInterest rate swaps 0.7 – 11.9 – 3.2 – 3.2 – 5.0 – 0.5Forward foreign exchangecontracts 0.4 – 0.4 – 0.4 – – –Total financial liabilities(including derivatives) 320.4 – 336.9 – 132.8 – 8.8 – 192.0 – 3.3Royal Ten Cate Annual Report 2009 127
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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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REPORT OF THE EXECUTIVE BOARD > Oth
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GEOSYNTHETICSTenCate GeoDetect ® i
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Corporate informationCORPORATE GOVE
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CORPORATE INFORMATIONSWOT ANALYSIST
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GRASSThe 100th Cruyff Court was ope
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CORPORATE INFORMATIONbodies, in par
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CORPORATE INFORMATIONWith regard to
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CORPORATE INFORMATIONCentral manage
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CORPORATE INFORMATIONthe reduction
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CORPORATE INFORMATIONSAFETYOur empl
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CORPORATE INFORMATIONResearch and d
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CORPORATE INFORMATIONSUSTAINABILITY
Page 80 and 81: SPACE COMPOSITESGalileo is the firs
Page 82 and 83: Corporate communicationIn October 2
Page 84 and 85: 24 Share capital 10125 Pension liab
Page 86 and 87: Consolidated statement of comprehen
Page 88 and 89: Consolidated balance sheetin millio
Page 90 and 91: Consolidated cash flow statementFor
Page 92 and 93: Consolidated statement of changes i
Page 94 and 95: Notes to the consolidated financial
Page 96 and 97: NOTES TO THE CONSOLIDATED FINANCIAL
Page 108 and 109: Notes to the statement of comprehen
Page 110 and 111: NOTES TO THE STATEMENT OF COMPREHEN
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Page 114 and 115: NOTES TO THE CONSOLIDATED BALANCE S
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
Page 144 and 145: NOTES TO THE COMPANY FINANCIAL STAT
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
Page 156 and 157: 152 Royal Ten Cate Annual Report 20
Page 158 and 159: OTHER ACTIVITIESNON-CONSOLIDATED CO
Page 160: Royal Ten Cateinvestor relations &
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2009 - Jaarverslag

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