2009 - Jaarverslag

More documents

Recommendations

Info

Other informationTo the General Meeting of Shareholders of Royal Ten CateAUDITOR’S REPORTReport on the financial statementsWe have audited the 2009 financial statements of Royal Ten Cate in Almelo as set out on pages 82 to 145 ofthis report. The financial statements consist of the consolidated financial statements and the company financialstatements. The consolidated financial statements comprise the consolidated balance sheet as at 31 December2009, the consolidated statement of comprehensive income, the consolidated statement of changes in groupequity and the consolidated cash flow statement for 2009 and the notes, comprising a summary of significantaccounting policies and other explanatory notes. The company financial statements comprise the companybalance sheet as at 31 December 2009 and the company profit and loss account for the year then ended andthe notes.Management’s responsibilityManagement is responsible for the preparation and fair presentation of the financial statements in accordancewith International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 ofthe Netherlands Civil Code, and for the preparation of the management board report in accordance with Part 9of Book 2 of the Netherlands Civil Code. This responsibility includes: designing, implementing and maintaininginternal control relevant to the preparation and fair presentation of the financial statements that are free frommaterial misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies;and making accounting estimates that are reasonable in the circumstances.Auditor’s responsibilityOur responsibility is to express an opinion on the financial statements based on our audit. We conducted ouraudit in accordance with Dutch law. This law requires that we comply with ethical requirements and plan andperform the audit to obtain reasonable assurance whether the financial statements are free from materialmisstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditor’s judgment, including the assessment ofthe risks of material misstatement of the financial statements, whether due to fraud or error. In making thoserisk assessments, the auditor considers internal control relevant to the preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in the circumstances, but not forthe purpose of expressing an opinion on the effectiveness of the Company’s internal control. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonableness of accountingestimates made by management, as well as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion.146Royal Ten Cate Annual Report 2009
Opinion with respect to the consolidated financial statementsIn our opinion, the consolidated financial statements give a true and fair view of the financial position of RoyalTen Cate as at 31 December 2009, and of its result and its cash flows for the year then ended in accordancewith International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 ofthe Netherlands Civil Code.Opinion with respect to the company financial statementsIn our opinion, the company financial statements give a true and fair view of the financial position of RoyalTen Cate as at 31 December 2009, and of its result for the year then ended in accordance with Part 9 of Book 2of the Netherlands Civil Code.Report on other legal requirementsPursuant to the legal requirement under article 2:393 paragraph 5 part f of the Netherlands Civil Code, wereport, to the extent of our competence, that the annual report is consistent with the financial statements asrequired by article 2:391 paragraph 4 of the Netherlands Civil Code.Enschede, 3 March 2010KPMG ACCOUNTANTS N.V.A.J.M. Oude Weernink RARoyal Ten Cate Annual Report 2009 147
Page 1 and 2:
Royal Ten CateAnnual Report 2009Con
Page 3 and 4:
COMMERCIAL OVERVIEWas at 1 January
Page 5 and 6:
Annual Report 2009Royal Ten CatePro
Page 7:
Financial highlights inmillions of
Page 10 and 11:
Corporate technology3D weavingThe T
Page 12 and 13:
Vision, mission, strategy and objec
Page 14 and 15:
TenCate technology overviewEND-USER
Page 16 and 17:
The TenCate shareLISTINGThe TenCate
Page 18 and 19:
ConnectedTenCate is a producer of m
Page 20 and 21:
Report of the Supervisory BoardANNU
Page 22 and 23:
REPORT OF THE SUPERVISORY BOARD◾
Page 24 and 25:
ADVANCED ARMOURIn Europe demand has
Page 26 and 27:
The Boards (as at 1 January 2010)EX
Page 28 and 29:
PROTECTIVE FABRICSIn 2009 TenCate P
Page 30 and 31:
REPORT OF THE EXECUTIVE BOARDAnalys
Page 32 and 33:
REPORT OF THE EXECUTIVE BOARDOPERAT
Page 34 and 35:
REPORT OF THE EXECUTIVE BOARDPOST B
Page 36 and 37:
PROTECTIVE FABRICSProtective clothi
Page 38 and 39:
REPORT OF THE EXECUTIVE BOARD > Adv
Page 40 and 41:
REPORT OF THE EXECUTIVE BOARD > Adv
Page 42 and 43:
AEROSPACE COMPOSITESIn March 2009 A
Page 44 and 45:
ADVANCED ARMOURPeace operations are
Page 46 and 47:
GEOSYNTHETICSIn 2009 TenCate Geosyn
Page 48 and 49:
REPORT OF THE EXECUTIVE BOARD > Geo
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
innovative inkjet solutionsAs globa
Page 56 and 57:
REPORT OF THE EXECUTIVE BOARD > Oth
Page 58 and 59:
GEOSYNTHETICSTenCate GeoDetect ® i
Page 60 and 61:
Corporate informationCORPORATE GOVE
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
Page 70 and 71:
CORPORATE INFORMATIONCentral manage
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
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 98 and 99:
NOTES TO THE CONSOLIDATED FINANCIAL
Page 100 and 101: 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
Page 112 and 113: NOTES TO THE STATEMENT OF COMPREHEN
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 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 &
show all

2009 - Jaarverslag

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?