2010 Annual Report - Dorel Industries

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Major OperationsJuvenileHani BasileGroup President & CEOJuvenile SegmentDorel Juvenile Group, Inc.Dave Taylor, President & CEO(Head Office)2525 State StreetColumbus, Indiana, USA 47201Tel: (812) 372-0141Design and Development25 Forbes Blvd, Suite 4Foxboro, MA, USA 02035Tel: (508) 216-1923Dorel Distribution CanadaMark Robbins, President(Head Office)873 Hodge StreetMontreal, Quebec, Canada H4N 2B1Tel: (514) 332-3737Dorel Portugal S.A.Rua Pedro Dias, nº 254480 - 614 Rio MauVila do CondePortugalTel: 252 248 530Dorel Hispania S.A.C/Pare Rodès n°26 Torre A 4°Edificio Del Llac Center08208 Sabadell (Barcelona)SpainTel: 902 11 92 58Dorel Juvenile Switzerland S.A.Chemin de la Colice 4 (Niveau 2)1023 CrissierSwitzerlandTel: 021 661 28 40Dorel Belgium SAAtomium Square 1/1771020 BrusselsBelgiumTel: 02 257 44 70Dorel BrazilRafael Camarano, President(Head Office)Setrada Campo Ururai, 1430Ururai, Campo Dos Goytacazes, RJBrazil 28040-000Tel : 55 22 2733 7269Avenida Moema, 177 Loja/TérreoMoemaSão Paulo-SPBrazil, 04077-020Tel: 55 11 2063 3827Dorel AustraliaRobert Berchik, President & CEOIGC Dorel Pty Ltd.655-685 Somerville RoadSunshine WestMelbourneVictoria, 3020AustraliaTel: 61-3-8311-53002855 Argentia Road, Unit 4Mississauga, Ontario, Canada L5N 8G6Tel: (905) 814-0854Dorel EuropeJean-Claude Jacomin, President & CEO(Head office)9, Boulevard Gamabetta (2nd floor)92130 Issy Les MoulineauxParis, FranceTel: 00 33 1 47 65 93 41Dorel France SAZ.I. - 9, Bd du Poitou - BP 90549309 Cholet CedexFranceTel: 00 33 2 41 49 23 23Dorel Italia SpAVia Verdi, 1424060 Telgate (Bergamo)ItalyTel: 0039 035 4421035Maxi Miliaan BVKorendjik 55704 RD HelmondNetherlandsTel: 0492 57 81 12Dorel Germany GMBHAugustinusstrasse 11 bD-50226 Frechen – KönigsdorfGermanyTel: 02234 96 430Dorel (U.K.) LimitedHertsmere House, Shenley RoadBorehamwood, HertfordshireUnited Kingdom WD6 1TETel: 020 8236 0707In Good Care (New Zealand) Ltd.P.O. Box 82377 Highland ParkMt Wellington New ZealandTel : 0800 62 8000Recreational / LeisureRobert P. Baird Jr.Group President & CEORecreational/Leisure SegmentCycling Sports Group (CSG)Cycling Sports Group Inc.Jeff McGuane, President, CSG North America(Head Office)16 Trowbridge DriveBethel, Connecticut, USA 06801Tel: (203) 749-700022Dorel Industries Inc.
172 Friendship Village Road,Bedford, Pennsylvania, 15522-6600, USATel: (814) 623-9073Cycling Sports Group Europe B.V.Hanzepoort 277570 GC, Oldenzaal, NetherlandsTel: 31 541 589898Cycling Sports Group UKVantage Way, The FulcrumPoole – DorsetUnited Kingdom BH12 4NUTel: 44 1202 732288Cycling Sports Group Australia Pty Ltd.Unit 8, 31-41 Bridge RoadStanmore N.S.W., 2048, AustraliaTel: 61-2-8595-4444Cannondale Japan KKNamba Sumiso Building 9F,4-19, Minami Horie 1-chome,Nishi-ku, Osaka 550-0015, JapanTel: 06-6110-9390Cannondale Sports Group GmbHTaiwan Branch435-1 Hou Chuang RoadPei Tun Taichung 40682, TaiwanTel: 886-4-2426-94222041 Cessna DriveVacaville, California, USA 95688-8712Tel: (707) 452-15009282 Pittsburgh AvenueRancho Cucamonga, California,USA 91730-5516Tel: (909) 481-5613Home FurnishingsNorman BraunsteinGroup President & CEOHome Furnishings SegmentAmeriwood IndustriesRick Jackson, President & CEO(Head Office)410 East First Street SouthWright City, Missouri, USA 63390Tel: (636) 745-3351458 Second AvenueTiffin, Ohio, USA 44883Tel: (419) 447-74483305 Loyalist StreetCornwall, Ontario, Canada K6H 6W6Tel: (613) 937-0711Cosco Home & OfficeTroy Franks, Executive Vice-President andGeneral Manager2525 State StreetColumbus, Indiana, USA 47201Tel: (812) 372-0141Dorel – Consulting (Shanghai)Company Ltd.Jenny Chang, Vice-Presidentof Far Eastern OperationsRoom 205, No. 3203, Hong Mei RoadMinghang District, Shanghai 201103P.R. ChinaTel: 011-86-21-644-68999North American ShowroomCommerce and Design Building201 West Commerce Street, 9th FloorHighpoint, North Carolina, USA 27260Tel: (336) 889-9130Apparel Footwear Group (AFG)4084 McConnell CourtBurnaby, British ColumbiaCanada V5T 1M6Tel: (604) 875-0887Pacific Cycle Group (PCG)Alice Tillett, President(Head Office)4902 Hammersley RoadMadison, Wisconsin, USA 53711Tel: (608) 268-24684730 East Radio Tower LaneP.O. Box 344Olney, Illinois, USA 62450-4743Tel: (618) 393-2991Dorel Asia Inc.410 East First Street SouthWright City, Missouri, USA 63390Tel: (636) 745-3351Altra FurnitureSteve Warhaftig, Vice-Presidentand General Manager410 East First Street SouthWright City, Missouri, USA 63390Tel: (636) 745-3351Dorel Home ProductsIra Goldstein, Vice-Presidentand General Manager12345 Albert-Hudon Blvd., Suite 100Montreal, Quebec, Canada H1G 3K9Tel: (514) 323-1247Annual Report 2010 23
Page 3 and 4: 2Investing for the FutureDorel is r
Page 5 and 6: Recreational / LeisureHome Furnishi
Page 7 and 8: Financial Highlights from 2006 to 2
Page 9 and 10: products with safety and quality at
Page 11 and 12: JuvenileSegmentInvesting for the Fu
Page 13 and 14: purchases and as the year wore on,
Page 15 and 16: Recreational / LeisureSegmentInvest
Page 17 and 18: In September, we were thrilled to a
Page 19 and 20: 2010 was marked by a significant va
Page 21 and 22: Dorel in the CommunityEmployees of
Page 23: Board of DirectorsMartin SchwartzPr
Page 27 and 28: Management’s Discussion and Analy
Page 29 and 30: Management’s Discussion and Analy
Page 31 and 32: In Australia, Dorel is the majority
Page 33 and 34: Operating ResultsNote: all tabular
Page 35 and 36: As referred to above, to protect it
Page 37 and 38: The Juvenile segment revenue decrea
Page 39 and 40: Gross margins declined by 40 basis
Page 41 and 42: Balance SheetSelected Balance Sheet
Page 43 and 44: In Recreational / Leisure a new fac
Page 45 and 46: As such, derivative financial instr
Page 47 and 48: Phase 3: Solution Design and Develo
Page 49 and 50: StandardsIAS 12:Income TaxesCompari
Page 51 and 52: StandardsIAS 21:The Effect ofChange
Page 53 and 54: StandardsIAS 39:FinancialInstrument
Page 55 and 56: StandardsIFRS 3:BusinessCombination
Page 57 and 58: In the Juvenile segment, the Compan
Page 59 and 60: Liquidity and Access to Capital Res
Page 61 and 62: Factors that could cause actual res
Page 63 and 64: Consolidated Balance SheetsAs at De
Page 65 and 66: Consolidated Statements of IncomeFo
Page 67 and 68: Consolidated Statements of Changes
Page 69 and 70: Notes to the Consolidated Financial
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Notes to the Consolidated Financial
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www.dorel.com1255 Greene Avenue, su
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2010 Annual Report - Dorel Industries

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