Hydro Annual Report 2011b

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8 AnnuAl report Board and Management Board and Management Board of Directors From left to right: Eva Persson, Inge K. Hansen, Billy Fredagsvik, Terje Vareberg, Tito Botelho Martins Jr., Sten Roar Martinsen, Bente Rathe, Liv Monica Bargem Stubholt, Finn Jebsen and Ove Ellefsen. General Meeting of Shareholders Nomination Committee Corporate Assembly Compensation Committee Board of Directors Audit Committee Internal Audit President and CEO Corporate Management Board
Corporate Management Board AnnuAl report Board and Management From left to right: Hans-Joachim Kock, Jørgen C. Arentz Rostrup, Hilde Merete Aasheim, Svein Richard Brandtzæg, Oliver Bell, Kjetil Ebbesberg, Arvid Moss, Tom Røtjer, Wenche Agerup and Johnny Undeli. Bauxite & Alumina Johnny Undeli CFO Jørgen C. Arentz Rostrup Energy and Corporate Business Development Arvid Moss Primary Metal Hilde M. Aasheim CEO Svein Richard Brandtzæg Metal Markets Kjetil Ebbesberg Communication Inger Sethov Corporate Staffs and General Counsel Wenche Agerup Rolled Products Oliver Bell Extruded Products Hans-Joachim Kock 9 Projects Tom Røtjer
Page 1 and 2: Annual Report - 2011
Page 3 and 4: Annual Report - 2011 HyDRO’S REPO
Page 5 and 6: Aluminium market price weakens LME
Page 7: cost renewable energy production, w
Page 11 and 12: • Secure stable production and fi
Page 13 and 14: Key financial information NOK milli
Page 15 and 16: for foundry alloys continued to be
Page 17 and 18: • Using viable energy sources •
Page 19 and 20: Share of non-Norwegian leaders Perc
Page 21 and 22: Capital employed - - upstream focus
Page 23 and 24: petitive supply of standard alumini
Page 25 and 26: Further improved bauxite and alumin
Page 27 and 28: Alumina production Million mt 7 6 5
Page 29 and 30: and Hydro - but both have also rest
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
Page 49 and 50: Direct greenhouse gas emissions fro
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
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Total payments (taxes, fees, etc.)
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Qatalum, where Hydro holds a 50 per
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Effective organization Hydro had 22
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Cooperating for safety at Slovalco
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from a 10-year perspective, we redu
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In 2011, we established an electron
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sold or demerged during the year ha
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vIABIlItY perForMAnCe Auditor’s R
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Current income tax tax vIABIlItY pe
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Environment Greenhouse gases gases
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Total waste vIABIlItY perForMAnCe F
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81 FInAnCIAl AnD operAtInG perForMA
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FINANCIAL AND OPERATING PERFORMANCE
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Market developments and outlook Mar
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Items excluded from underlying EBIT
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Items excluded from underlying EBIT
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Financial income (expense), net Yea
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Primary Metal Operational and finan
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Liquidity and capital resources The
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Page 105:
3) Including provisions for pension
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108 RISK REVIEW Risk factors Risk f
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110 RISK REVIEW Risk factors or var
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112 RISK REVIEW Risk factors leadin
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Share price development in 2011 Sha
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Major shareholders and voting right
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Key figures for the Hydro share Key
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Tittel Hydro present Based in Norwa
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Corporate directives and code of co
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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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F8 FINANCIAL STATEMENTS Note 1 - Si
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F10 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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F24 FINANCIAL STATEMENTS Note 7 - O
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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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F56 Financial assets, classified as
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F64 FINANCIAL STATEMENTS Financial
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F66 FINANCIAL STATEMENTS Financial
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F70 FINANCIAL STATEMENTS Note 2 - E
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F72 FINANCIAL STATEMENTS Note 4 - P
Page 212 and 213:
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
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Hydro Annual Report 2011b

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