2003 Annual Report - Enerflex

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Partnering with the best.Through its various divisions, Enerflex is the authorized distributorof Waukesha engines and parts in many regions of the world.Enerflex 2003 Annual Report26
Today’s oil and gas producers are lookingfor complete solutions, with best-in-classproducts and services. Enerflex meets thischallenge.Through our ability to provide a full suiteof products and services in an integratedmanner, Enerflex offers customers a uniquevalue proposition — the total Enerflexsolution, anywhere in the world.Teamworkfrom wellhead to pipeline.In 2003, Centurion Petroleum Corporationentered into a contract with Enerflex toprovide a gas processing plant for theSouth El Manzala Development in Egypt.This project is an example of how thedivisions of Enerflex work together tomeet customer needs.Rennyarto ChandraSales DirectorPT Gas Drive Systems IndonesiaEnerflex 2003 Annual Report27
Page 1 and 2: 2003 Annual Report14 Divisions.1900
Page 4: The Gen III A Series Gas Compressor
Page 7 and 8: divisionsat a glanceStructurally, E
Page 9 and 10: Today’s oil and gas producers are
Page 11 and 12: financialhighlightsMichiel SapServi
Page 13 and 14: People!Talented people.Skilled peop
Page 15 and 16: Enerflex is not just about numbers
Page 17 and 18: Enerflex operates in a very competi
Page 19 and 20: Enerflex Systems Ltd. is a leading
Page 21 and 22: Operating StructureEnerflex has six
Page 23 and 24: POWERThe Power operating unit desig
Page 25 and 26: Gas Drive Systems will continue to
Page 27: • Syntech’s Northwest region in
Page 31 and 32: By working together, the Enerflex g
Page 33 and 34: 2930
Page 35 and 36: Management’sDiscussion &AnalysisD
Page 37 and 38: 2003 revenue$515.5 million2002 reve
Page 39 and 40: In the last half of 2003, both indu
Page 41 and 42: Compression Services (formerly know
Page 43 and 44: maintaining a branch infrastructure
Page 45 and 46: LeasingOur Leasing business segment
Page 47 and 48: In the first half of 2002 the Compa
Page 49 and 50: Enerflex is a market leader in Cana
Page 51 and 52: InternationalInternationally, we fa
Page 53 and 54: management’s responsibilityfor fi
Page 55 and 56: consolidated balance sheetsDecember
Page 57 and 58: consolidated statements of cash flo
Page 59 and 60: Income Taxes - The Company uses the
Page 61 and 62: Note 5. PROPERTY, PLANT AND EQUIPME
Page 63 and 64: Note 9. RECONCILIATIONS OF NET INCO
Page 65 and 66: Note 12. GUARANTEES, COMMITMENTS AN
Page 67 and 68: Fair Values of Financial Assets and
Page 69 and 70: TEN-YEAR HISTORICAL REVIEW($ millio
Page 71 and 72: corporate directoryDirectors and Of
Page 73 and 74: EnerflexTom ThulShop SupervisorComp

2003 Annual Report - Enerflex

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