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Annual Report - 2011
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Annual Report - 2011 HyDRO’S REPO
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Aluminium market price weakens LME
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cost renewable energy production, w
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Corporate Management Board AnnuAl r
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• Secure stable production and fi
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Key financial information NOK milli
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for foundry alloys continued to be
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• Using viable energy sources •
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Share of non-Norwegian leaders Perc
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Capital employed - - upstream focus
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- Page 25 and 26: Further improved bauxite and alumin
- Page 27 and 28: Alumina production Million mt 7 6 5
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- Page 31 and 32: Operations Hydro’s primary alumin
- Page 33 and 34: Plant Country Employees (per Dec. 3
- Page 35 and 36: Active risk management We have deve
- Page 37 and 38: Contribution margin to profit EUR p
- Page 39 and 40: Flat rolled products consumption We
- Page 41 and 42: Build on the high performance of ou
- Page 43 and 44: European extrusion consumption (tot
- Page 45 and 46: Operations Hydro is a global energy
- Page 47 and 48: expected remediation costs relating
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- Page 51 and 52: The Qatalum aluminium plant, in whi
- Page 53 and 54: postponed in 2011 due to the market
- Page 55 and 56: Water management Enough clean water
- Page 57 and 58: The annual business planning proces
- Page 59 and 60: Total payments (taxes, fees, etc.)
- Page 61 and 62: Qatalum, where Hydro holds a 50 per
- Page 63 and 64: Effective organization Hydro had 22
- Page 65 and 66: Cooperating for safety at Slovalco
- Page 67 and 68: from a 10-year perspective, we redu
- Page 69 and 70: In 2011, we established an electron
- Page 71 and 72: sold or demerged during the year ha
- Page 73: vIABIlItY perForMAnCe Auditor’s R
- Page 77 and 78: Environment Greenhouse gases gases
- Page 79 and 80: Total waste vIABIlItY perForMAnCe F
- Page 81 and 82: 81 FInAnCIAl AnD operAtInG perForMA
- Page 83 and 84: FINANCIAL AND OPERATING PERFORMANCE
- Page 85 and 86: Market developments and outlook Mar
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- Page 89 and 90: FINANCIAL AND OPERATING PERFORMANCE
- Page 91 and 92: FINANCIAL AND OPERATING PERFORMANCE
- Page 93 and 94: Items excluded from underlying EBIT
- Page 95 and 96: Items excluded from underlying EBIT
- Page 97 and 98: Financial income (expense), net Yea
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- Page 101 and 102: Liquidity and capital resources The
- Page 103 and 104: FINANCIAL AND OPERATING PERFORMANCE
- Page 105: 3) Including provisions for pension
- Page 108 and 109: 108 RISK REVIEW Risk factors Risk f
- Page 110 and 111: 110 RISK REVIEW Risk factors or var
- Page 112 and 113: 112 RISK REVIEW Risk factors leadin
- Page 115 and 116: Share price development in 2011 Sha
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- Page 119 and 120: Key figures for the Hydro share Key
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Pre-approval of audit services The
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Billy Fredagsvik, employee represen
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Hans-Joachim Kock Key experience: H
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Description Developments and events
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Topic Comments References Transacti
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Topic Comments References 8 Corpora
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Topic Comments References 13 Inform
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F2 FINANCIAL STATEMENTS Consolidate
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F4 FINANCIAL STATEMENTS Consolidate
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F6 FINANCIAL STATEMENTS Consolidate
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F8 FINANCIAL STATEMENTS Note 1 - Si
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F10 FINANCIAL STATEMENTS Note 1 - S
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F12 FINANCIAL STATEMENTS Note 1 - S
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F14 FINANCIAL STATEMENTS Note 1 - S
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F16 FINANCIAL STATEMENTS Note 3 - B
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F18 FINANCIAL STATEMENTS Note 4 - C
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F20 FINANCIAL STATEMENTS Note 5 - A
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F22 FINANCIAL STATEMENTS Note 6 - F
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F26 FINANCIAL STATEMENTS Note 7 - O
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F28 FINANCIAL STATEMENTS Note 9 - R
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F30 FINANCIAL STATEMENTS Note 10 Bo
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F32 FINANCIAL STATEMENTS Note 11 -
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F34 FINANCIAL STATEMENTS Note 13 -
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F52 FINANCIAL STATEMENTS Note 35 -
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F54 FINANCIAL STATEMENTS Note 39 -
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F56 Financial assets, classified as
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F60 FINANCIAL STATEMENTS Note 41 -
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F62 FINANCIAL STATEMENTS Note 44 -
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F64 FINANCIAL STATEMENTS Financial
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F66 FINANCIAL STATEMENTS Financial
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F68 FINANCIAL STATEMENTS Note 1 - S
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F70 FINANCIAL STATEMENTS Note 2 - E
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F72 FINANCIAL STATEMENTS Note 4 - P
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F74 FINANCIAL STATEMENTS Note 9 - R
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F76 FINANCIAL STATEMENTS Responsibi
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F78 FINANCIAL STATEMENTS Auditor's
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PENDIX A2 Appendix A1 APPENDIX Term
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Hydro is a global supplier of alumi