2009 - Jaarverslag

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PROFILEADVANCED ARMOURAdvanced composite and ceramic materials forthe protection of police, army, air force, navy andcivilian service personnel, vehicles and vessels.◾ TenCate Advanced Armour Americas◾ TenCate Advanced Armour EMEARoyal Ten Cate (TenCate) is a multinationalcompany which combines textile technologywith chemical processes in the developmentand production of functional materials.Various market applications have beencreated around this technological basis.TenCate occupies leading positionsworldwide in its core markets.Within its strategic core activities, TenCatepresents itself as a developer and producerof materials with distinctive characteristics.The company structures product andprocess development and stimulatestechnological innovation in order to maintainleading market positions. TenCate developscustomer-specific solutions jointly withpartners and end-users. The systemapproach plays a key role.TenCate’s growth is based mainly on globaltrends, specifically in the safety/protectionand sustainability/environmental fields.TenCate materials are mainly used for:◾ personal safety and protection ofthe living and working environment;◾ modernisation of equipment usedby the armed forces and police;◾ aerospace (lower fuel costs dueto lighter materials);◾ water management and care forthe environment.TenCate employs around 3,940 peopleworldwide and strives to operate in anethically and socially responsible way.TenCate encourages its employees to beenterprising, flexible and creative, therebydemonstrating its aim of achieving progressand sustainability for all stakeholders.Geographic breakdown of sales in 2009in per cent◾◾By destinationBy origin50s in the following countries (◾):454035302520151050REST OF THE WORLDASIACENTRAL ANDSOUTH AMERICAUSA + CANADAMIDDLE EASTOTHER EUROPEOTHER EUSPAINITALYAUSTRIAFRANCEUKGERMANYBELGIUMNETHERLANDS
Annual Report 2009Royal Ten CateProfile Inside coverCommercial overview Inside coverGeographic presence Inside coverFinancial highlights 3Key developments in 2009 4Evaluation of 2009 action plans 5Actions for 2010 7Vision, mission, strategy and objectives 8TenCate technology overview 10The TenCate share 12Connected 14Report of the Supervisory Board 16Foreword by the Chairman of the Executive Board 19The Boards 22Report of the Executive Board 25General 25Financial performance 27Post balance sheet events 30Performance and outlook 30Activities by sector 33Corporate information 56Corporate governance 56SWOT analysis 58Risk management 61Human resources management 67Information technology 70Corporate intellectual property 71Socially responsible enterprise 72Statement from the Executive Board 77Financial statements 2009 79Other information 127Ten-year summary 150Operating companies, associated companies and other interests Inside coverColophon Outside cover
Page 1 and 2: Royal Ten CateAnnual Report 2009Con
Page 3: COMMERCIAL OVERVIEWas at 1 January
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
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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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NOTES TO THE CONSOLIDATED FINANCIAL
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Notes to the statement of comprehen
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NOTES TO THE STATEMENT OF COMPREHEN
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NOTES TO THE STATEMENT OF COMPREHEN
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NOTES TO THE CONSOLIDATED BALANCE S
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OTHER INFORMATIONThe term of the fi
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OTHER INFORMATION51.3 Interest rate
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OTHER INFORMATION51.5 Hedge account
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OTHER INFORMATIONThe effect of a ge
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OTHER INFORMATION56.2 Directors’
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Company financial statements58 COMP
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NOTES TO THE COMPANY FINANCIAL STAT
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Other informationTo the General Mee
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OTHER INFORMATIONSUBSEQUENT EVENTSA
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Ten-year summaryIn millions of euro
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152 Royal Ten Cate Annual Report 20
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OTHER ACTIVITIESNON-CONSOLIDATED CO
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Royal Ten Cateinvestor relations &
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2009 - Jaarverslag

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