Annual report 2008 - Comrod

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communication technology and theincreasing use of high bandwidthcommunication technology for defence useis securing a basis for further growth withinthe mast area. Lerc intends to maintain itsreputation as the supplier of masts,and go further. The establishment ofComrod UK in 2008 is expected toopen up the large potential markets inCommonwealth countries for mastsfrom Comrod Communication Group.KEY FIGURES BUSINESS AREA MASTS(NOK 1000) 2008 2007 2006 1)Revenues 64 650 54 398 27 186Operating profit (EBIT) 9 531 6 832 (2 699)1)The 2006 numbers are pro forma figuresTIMELINEBUSINESS AREAMASTS1946Lerc founded in Paris1970Diversification ofLERC in military radiocommunication: Mastsand Antennas1980Delivery of the RITAprogram (France)1988First delivery of maststo the US Army (JITDSprogram)16 Comrod Communication Group Annual report 2008
1989LERC won a majorprogram to the USArmy: TRITAC/DAMP($23M)1992LERC starts developmentof heavy duty telescopicmasts2001First fully automatedtelescopic mast2006Lerc joins forces withComrod2008Lerc enters strategicpartnership agreementwith Thales France. Firstdeliveries and new orders tothe MIDS/Terre programmeComrod Communication Group Annual report 2008 17
Page 6 and 7: STRATEGIES AND VALUESComrod Communi
Page 8 and 9: MESSAGE FROM PRESIDENTFurther growt
Page 10 and 11: 10 Comrod Communication Group Annua
Page 12 and 13: our number one position worldwide.-
Page 15: The Masts business area is one of t
Page 20 and 21: MARKETS AND OUTLOOKOur products are
Page 22 and 23: 22 Comrod Communication Group Annua
Page 24 and 25: “Understanding theApplications is
Page 26 and 27: 2008 ANNUAL REPORTThe Comrod Commun
Page 28 and 29: the compact power supply currently
Page 30 and 31: the balance sheet date Comrod Commu
Page 32 and 33: BALANCE SHEET, CONSOLIDATED31 Decem
Page 34 and 35: STATEMENT OF CHANGES IN SHAREHOLDER
Page 36 and 37: Work in progress is classified as p
Page 38 and 39: in the future can be used or sold;b
Page 40 and 41: ventures, where the timing of the r
Page 42 and 43: will affect the balance sheet value
Page 44 and 45: NOTE 5 CHANGES IN GROUP STRUCTURE20
Page 46 and 47: CONT. NOTE 8 INCOME TAX(NOK 1 000)
Page 48 and 49: NOTE 10 PAYROLL AND NUMBER OF EMPLO
Page 50 and 51: CONT. NOTE 12 INTANGIBLE ASSETSGood
Page 52 and 53: NOTE 17 CASH AND CASH EQUIVALENTS(N
Page 54 and 55: NOTE 19 EQUITYOtherShare Share paid
Page 56 and 57: CONT. NOTE 20 PENSION OBLIGATIONS(N
Page 58 and 59: CONT. NOTE 23 SHORT-TERM LOANS AND
Page 60 and 61: CONT. NOTE 26 FINANCIAL INSTRUMENTS
Page 62 and 63: CONT. NOTE 26 FINANCIAL INSTRUMENTS
Page 64 and 65: CONT. NOTE 27 SHARE BASED PAYMENT P
Page 66 and 67:
NOTE 29 PURCHASE LIABILITIESThe gro
Page 68 and 69:
INCOME STATEMENT, PARENT COMPANYCom
Page 70 and 71:
CASH FLOW STATEMENT, PARENT COMPANY
Page 72 and 73:
Tax-increasing and tax-reducing tem
Page 74 and 75:
NOTE 6 SHARE CAPITAL AND SHAREHOLDE
Page 76 and 77:
CONT. NOTE 8 TAX(NOK) Tax expence o
Page 78 and 79:
CONT. NOTE 10 NON-CURRENT LIABILITI
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80 Comrod Communication Group Annua
Page 82 and 83:
GROUP MANAGEMENTNIKLAS HERMANSSONPr
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CORPORATE GOVERNANCEThe corporate g
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86 Comrod Communication Group Annua
Page 88 and 89:
SHARES AND SHAREHOLDERSComrod Commu
Page 90 and 91:
INTERNAL AND EXTERNAL ENVIRONMENTTh
Page 92 and 93:
CONTACT INFORMATIONCOMROD COMMUNICA
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Annual report 2008 - Comrod

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