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

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138 Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon Income Statement of OC Oerlikon Corporation AG, Pfäffikon Income statement of OC Oerlikon Corporation AG, Pfäffikon in CHF Notes 2011 2010 Income from investments 2 22 702 828 5 383 467 Financial income 3 62 715 438 188 297 404 Other income 5 61 738 387 48 553 162 147 156 653 242 234 033 Financial expense 4 –85 918 066 –251 597 199 Other expense 6 –35 396 775 –49 891 067 25 841 812 –59 254 233 Gain on disposal of investments 440 208 7 147 760 Valuation adjustments on loans and investments in subsidiaries –9 322 865 –9 936 918 Net profit/loss 16 959 155 –62 043 391
Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon Balance sheet as at December 31 of OC Oerlikon Corporation AG, Pfäffikon Balance Sheet as at December 31 of OC Oerlikon Corporation AG, Pfäffikon Assets in CHF Notes 2011 % 2010 % Cash and cash equivalents 7 334 390 059 9.1 455 259 595 12.1 Treasury shares 8 2 962 725 0.1 1 470 000 – Receivables – from third parties 567 929 – 493 161 – – from affiliated companies 190 402 108 5.2 128 586 238 3.4 Prepaid expenses and accrued income 3 198 191 0.1 719 324 – Current assets 531 521 012 14.5 586 528 318 15.5 Investments 9 1 709 796 886 46.7 1 707 796 886 45.3 Long-term loans to affiliated companies 1 412 753 040 38.5 1 458 396 853 38.6 Long-term loans to third parties 1 103 203 – 300 000 – Intangible assets 10 11 303 208 0.3 22 606 416 0.6 Non-current assets 3 134 956 337 85.5 3 189 100 155 84.5 Total assets 3 666 477 349 100.0 3 775 628 473 100.0 Liabilities and equity in CHF Notes 2011 % 2010 % Current payables – to third parties 2 611 274 0.1 1 752 771 – – to affiliated companies 323 189 426 8.8 322 268 588 8.5 Accrued liabilities 16 749 653 0.5 15 403 556 0.4 Long-term loans due from affiliated companies 381 151 099 10.4 305 599 028 8.1 Long-term bank loans 11 842 336 606 23.0 1 046 391 328 27.7 Provisions 12 52 654 236 1.4 53 618 536 1.4 Total liabilities 1 618 692 294 44.2 1 745 033 807 46.2 Share capital 13 323 124 010 8.8 323 085 471 8.6 Legal reserves – General legal reserves 70 593 765 1.9 196 814 878 5.2 – Reserves from capital contributions 14 1 176 534 314 32.1 – – – Reserves for treasury shares 15 3 460 395 0.1 1 512 130 – Free reserves 293 910 850 8.0 1 344 031 356 35.6 Retained earnings 180 161 721 4.9 165 150 831 4.4 Total equity 2 047 785 055 55.8 2 030 594 666 53.8 Total equity and liabilities 3 666 477 349 100.0 3 775 628 473 100.0 139
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on a new level Annual Report 2011
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Vision Oerlikon creates innovative
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Oerlikon’s Segments in brief Text
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On a new level 2011 was a year of s
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I. Operational review We achieved a
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Dear Shareholders, 2011 was a break
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Solid performance of Oerlikon share
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Remuneration Report Risk Management
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Achieving a new level of profitabil
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Dr. Michael Buscher, CEO Oerlikon G
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3.1 Oerlikon Textile 1. In 2011, Oe
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Turnaround time reduced by 40 % The
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Turnaround time reduced by 40 %
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Business development Oerlikon Drive
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Gary Lehman, CEO Oerlikon Drive Sys
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3.3 Oerlikon Vacuum 1. Oerlikon Vac
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Output improved by 30 % “For a lo
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Output improved by 30 %
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Business development In 2011, the s
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Helmut Frankenberger, CEO Oerlikon
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3.5 Oerlikon Coating 1. Oerlikon Co
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Productivity gains boost profitabil
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Productivity gains boost profitabil
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Business development Oerlikon Advan
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Andreas Dill, CEO Oerlikon Advanced
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4.0 Sustainability 1. Oerlikon prod
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48 When a fine spray of fuel is fir
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5.0 Compliance 1. In 2011, Oerlikon
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6.0 Corporate Governance Group stru
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54 Letter Information for Investors
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58 Stability and competence The Oer
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60 Composition of the Board of Dire
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62 Composition of Committees of the
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68 Leadership and accountability Th
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70 Composition of the Executive Com
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7.0 Remuneration report In this rem
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78 Compensation of non-executive me
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82 Share options Letter Information
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8.0 Risk management 1. The 2011 enh
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Contents I. Operational review 1.0
Page 107 and 108: Key Figures Group Notes OC Oerlikon
Page 117: Key Figures Group Notes OC Oerlikon
Page 120 and 121: 102 Expenses included in EBIT Key F
Page 122 and 123: 104 Deferred taxes Key Figures Grou
Page 124 and 125: 106 Financial investments Key Figur
Page 126 and 127: 108 Property, plant and equipment i
Page 128 and 129: 110 Key Figures Group Notes OC Oerl
Page 130 and 131: 112 Intangible assets Previous year
Page 132 and 133: 114 Post-employment benefit provisi
Page 134 and 135: 116 Provisions in CHF million Key F
Page 136 and 137: 118 Liquidity risk Key Figures Grou
Page 138 and 139: 120 Credit risk Key Figures Group N
Page 140 and 141: 122 Market risk Key Figures Group N
Page 142 and 143: 124 Capital management Key Figures
Page 144 and 145: 126 Related Party transactions Key
Page 146 and 147: 128 Related Party transactions Memb
Page 148 and 149: 130 Segment information Key Figures
Page 150 and 151: 132 Companies by country Country Pr
Page 152 and 153: 134 Report of the Statutory Auditor
Page 155: Key Figures Group Notes OC Oerlikon
Page 166 and 167: Contents I. Operational review 1.0
Page 168 and 169: 9.0 Outlook for global markets Tren
Page 171: Remuneration Report Risk Management
Page 182 and 183: 10.0 Research and development In 20
Page 184 and 185: 166 Innovation highlights Oerlikon
Page 186 and 187: 168 Oerlikon Vacuum MAGiNTEGRA: rob
Page 188 and 189: 170 Oerlikon Coating INGENIA: the q
Page 190 and 191: 11.0 Expanding the global footprint
Page 192 and 193: 174 Oerlikon further expands in gro
Page 194 and 195: 176 the greater the opportunity for
Page 197 and 198: Financial calendar March 5, 2012 An
Page 199: AB Applied Biosystems ∙ ABB ∙ A
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Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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