24.11.2012 Views

Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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Contents<br />

I. Operational review<br />

1.0 Shareholders’ letter 6<br />

2.0 Information for investors 8<br />

3.0 Operational review<br />

3.0 <strong>Oerlikon</strong> Group 14<br />

3.1 <strong>Oerlikon</strong> Textile 22<br />

3.2 <strong>Oerlikon</strong> Drive Systems 26<br />

3.3 <strong>Oerlikon</strong> Vacuum 30<br />

3.4 <strong>Oerlikon</strong> Solar 34<br />

3.5 <strong>Oerlikon</strong> Coating 38<br />

3.6 <strong>Oerlikon</strong> Advanced Technologies 42<br />

II. Financial report<br />

Key Figures<br />

Key figures <strong>Oerlikon</strong> Group 89<br />

Key figures by Segment 90<br />

Group<br />

Consolidated income statement/<br />

Consolidated statement of comprehensive income 91<br />

Consolidated balance sheet at December 31 92<br />

Consolidated cash flow statement 93<br />

Consolidated statement of changes in equity 94<br />

III. Moving ahead<br />

9.0 Outlook for markets 150<br />

10.0 Research and development 164<br />

11.0 Expanding the global footprint 172<br />

4.0 Sustainability 46<br />

5.0 Compliance 50<br />

6.0 Corporate Governance 52<br />

7.0 Remuneration report 76<br />

8.0 Risk management 84<br />

Notes<br />

Accounting principles 95<br />

Notes to the consolidated financial statements 101<br />

Segment information 130<br />

Companies by country 132<br />

<strong>Report</strong> of the Statutory Auditor 134<br />

Five-year summary of key figures 135<br />

OC <strong>Oerlikon</strong> Corporation AG, Pfäffikon<br />

Income statement 138<br />

Balance sheet at December 31 139<br />

Notes to the financial statements 140<br />

<strong>Report</strong> of the Statutory Auditor 144<br />

Legal structure 145

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