2009 - Jaarverslag

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NOTES TO THE COMPANY FINANCIAL STATEMENTS67.5 Share savings planAll employees in the Netherlands have been given the possibility of participating in the share savings plan.The maximum amount per participant in 2009 was € 1,226 (2008: € 1,226).The following savings were accumulated through this plan:In 2009: 5,855 (2008: 3,827) sharesTo 2009 inclusive: 57,910 (2008: 52,055) sharesBalance at end of 2009: 23,853 (2008: 18,077) shares67.6 Repurchased sharesIn principle the company will repurchase shares in order to prevent any dilution of earnings per share caused bythe granting of options.number of shares2009 2008Number as at 1 January 527,247 555,874Issued in respect of options – – 24,800Issued in respect of share savings plan – 5,855 – 3,827Balance as at 31 December 521,392 527,24768 PROVISIONS 2009 2008Guarantees and claims 1.6 1.6Others – –Balance as at 31 December 1.6 1.6The term of the provisions exceeds one year.69 LONG-TERM LIABILITIES 2009 2008Syndicated loan 185.1 303.3Loans from operating companies 5.1 2.3Balance as at 31 December 190.2 305.6The conditions of the syndicated loan can be found in note 48 in the notes to the consolidated balance sheet.144Royal Ten Cate Annual Report 2009
70 SHORT-TERM LIABILITIES 2009 2008Cash loans, overdrafts 112.0 46.9Owed to consolidated operating companies 8.1 0.4Repayment of long-term debt 0.0 0.9Trade creditors and other payables 1.7 1.5Balance as at 31 December 121.8 49.771 AUDITOR’S FEESThe following fees of KPMG Accountants N.V. and the other entities affiliated to the KPMG network have beencharged to the Group, in accordance with article 382a Part 9 of Book 2 of the Netherlands Civil Code.Fees 2009 2008in thousands of eurosExamination of the financial statements 760 801Other audit assignments 286 280Other non-audit services 204 515Total 1,250 1,59672 LIABILITIES NOT SHOWN IN THE BALANCE SHEETThe company has issued a declaration of liability in accordance with article 403 of Book 2 of the NetherlandsCivil Code on behalf of its Dutch operating companies.The company forms a tax group together with the majority of the Dutch operating companies for corporation andsales tax. Each of these operating companies is severally liable for the tax payable by all the companies includedin the tax group.We also refer to the notes in the section 54 concerning contingent liabilities. Guarantees have also been issuedfor a number of foreign operating companies.Almelo, 3 March 2010Executive BoardL. de Vries, ChairmanJ. LockSupervisory BoardJ.C.M. Hovers, ChairmanP.P.A.I. Deiters, Vice-ChairmanF.A. van VughtE. ten CateRoyal Ten Cate Annual Report 2009 145
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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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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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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
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SPACE COMPOSITESGalileo is the firs
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Corporate communicationIn October 2
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24 Share capital 10125 Pension liab
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Consolidated statement of comprehen
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Consolidated balance sheetin millio
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Consolidated cash flow statementFor
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Consolidated statement of changes i
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Notes to the consolidated financial
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NOTES TO THE CONSOLIDATED FINANCIAL
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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’
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Page 144 and 145: NOTES TO THE COMPANY FINANCIAL STAT
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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
Page 160: Royal Ten Cateinvestor relations &
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2009 - Jaarverslag

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