2009 - Jaarverslag

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OTHER INFORMATIONSUBSEQUENT EVENTSAcquisition of 51% interest in AML UKOn 9 February 2010 TenCate acquired 51% of the shares of the British armour company AML UK Ltd, based inSwindon (UK). This interest will be increased to 100% at the end of 2010. This acquisition gives TenCatecomplete access to the British market for lightweight composite armour solutions. These are used in vehicles,aircraft and ships. AML UK has annual revenues of approximately £ 10 million. AML UK will be included in theEuropean segment of the TenCate Advanced Armour group.PROVISIONS OF THE ARTICLES OF ASSOCIATION RELATING TO APPROPRIATION OF PROFIT(Article 27)GeneralThe authorised capital is divided into ordinary shares.Summary of the provisions of the articles of association1. Profit distributions may only take place to the extent that the equity of the Company exceeds the paid andcalled-up part of the issued capital plus the reserves which must be held by law.2. With the approval of the Supervisory Board, the Executive Board is authorised to determine the part of theprofit that will be reserved.3. The sum remaining from the profit after the reservation in accordance with paragraph 2 is at the disposal ofthe general meeting of shareholders.4. Shares held by the Company in its own capital are not taken into account in calculating the appropriation ofprofit.5. The dividend payable shall be made payable no later than 30 days after adoption of the financial statementsby the general meeting of shareholders. It shall be made payable only to the authorised persons in whosename the shares are held. Such payments shall discharge the Company.6. A shareholder’s claim for payment shall be time-barred after a period of five years has elapsed.148Royal Ten Cate Annual Report 2009
PROPOSED APPROPRIATION OF PROFITin millions of euros 2009 2008Net income 23.9 51.1Added to other reserves in accordance with article 27, paragraph 4 of the articles of association – 4.5 – 29.519.4 21.6Net addition to the legal reserves – 4.2 – 1.415.2 20.2Undistributed dividend balance from previous year 0.0 0.215.2 20.4Payment of € 0.60 and € 0.85 dividend to holders of ordinary shares in accordance with article 27paragraph 3 of the articles of association – 15.0 – 20.4Undistributed dividend balance at year end, which is transferred to the relevant account 0.2 0.0Royal Ten Cate Annual Report 2009 149
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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
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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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Page 158 and 159: OTHER ACTIVITIESNON-CONSOLIDATED CO
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2009 - Jaarverslag

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