Annual report 2008 - Comrod

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INTERNAL AND EXTERNAL ENVIRONMENTThe companies that comprise ComrodCommunication prepare their own detailedHSE reports in accordance with therequirements of the relevant authorities. Thekey points for 2008 are summarized below.Working environmentThe company continuously works to createthe best possible working environment atall its locations. Each company/businessunit has appointed a working environmentcommittee and prepared its own proceduresand appropriate organization for industrialsafety. The Group considers effective internalinformation to be an essential factor inachieving a sound working environment.Industrial accidents and fire protectionAll the companies report a high level of HSEawareness among their employees.LERC SASIn 2005, the Executive Manager decidedto create an independent department toimprove internal and external environment atLerc.In accordance with French law, Lerc workson the working environment via the WorkingConditions, Safety and Health Committee ona daily basis.Industrial accidents and fire protection:In 2008, Lerc reported 7 minor accidents and4 accidents that resulted in 158 days of sickleave (one of these represents 140 day ofsick leave). The rate of accidents is close tothe target and is markedly below the nationalgoal for French chemical companies.REACHIn accordance of the 1907-2006 Europeanregulations concerning the registration,evaluation and authorization of REACHchemical products, Lerc has set up a workingteam on REACH to make sure the REACHregulations are implemented smoothly, inparticular with respect to the assurance ofour supplies for products delivered to all ourcustomers.Lerc hired an external company to assess theREACH regulations and help Lerc implementthe regulations.However, Lerc has set up an audit processfor its suppliers in order to make sure thatthe substances used in all Lerc products areor will be registered in accordance with theREACH regulations.COMROD ASComrod AS has a high level of HSE awarenessamong its employees and did not report anysick leave resulting from accidents in 2008.The company has a good fire preventionprogramme, which complies with all publicrules and regulations.Comrod AS has a tradition of developingand manufacturing products under safe andenvironmentally sound conditions. Historyconfirms the significance and value ofemployees as the company’s most importantresource. Health and safety are crucial topeople’s job satisfaction and efficiency, andtherefore represent a valuable investment forthe company. This is also reflected in the lowsick leave figure of 4.3%The 1500m2 facility expansion at ComrodAS will enhance both its safety and workingenvironment even further.The new facility includes an extendedproduction area, new administration sectionand a new canteen.Comrod AS is well positioned to comply withfuture HSE laws and regulations.COMROD HUNGARYComrod Hungary experienced no sick leavedue to accidents in 2008. Comrod Hungarycomplies with the Hungarian regulationsconcerning frequent contact with an expertfire and work safety company. This licensedcompany is approved by the governmentand implements both fire safety and workingenvironment regulations. The companyalso conducts an annual safety course foremployees.90 Comrod Communication Group Annual report 2008
During the second half of 2008 ComrodHungary moved to a new, modernmanufacturing plant. The facility satisfies ofall statutory fire, environmental and healthregulations. This includes frequent noisemeasurements being conducted. ComrodHungary has also invested in a heat pumpsystem to ensure a better internal climate.Emissions and recyclingLerc SAS annually records and reports itsexternal emissions to the French PollutionControl Authority. Waste is sorted at thesource and sent to an approved recoverycentre. The same applies to hazardous wastesuch as epoxy resin. Lerc has a closed systemfor wastewater, which is pumped out twice ayear and sent to a treatment centre.A project to decrease the rate of wasteproduced is being implemented and initialresults are encouraging. In 2008, Lercreduced the weight of its waste by 20%thanks to more efficient waste sorting,optimizing transport management with oursuppliers, and by making our colleagues moreaware of waste management in our company.Lerc is currently trying to find a solution thatwill enable it to replace the use of solventsand convert its production into a cleanprocess.Comrod AS discharges no emissions into airor water. Waste is sorted and then sent to anapproved recovery centre.Comrod Hungary discharges no emissionsinto air or water. Waste is sorted and thensent to an approved recovery centre.Comrod Communication Group Annual report 2008 91
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STRATEGIES AND VALUESComrod Communi
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MESSAGE FROM PRESIDENTFurther growt
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10 Comrod Communication Group Annua
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our number one position worldwide.-
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The Masts business area is one of t
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1989LERC won a majorprogram to the
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MARKETS AND OUTLOOKOur products are
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22 Comrod Communication Group Annua
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“Understanding theApplications is
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2008 ANNUAL REPORTThe Comrod Commun
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the compact power supply currently
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the balance sheet date Comrod Commu
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BALANCE SHEET, CONSOLIDATED31 Decem
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STATEMENT OF CHANGES IN SHAREHOLDER
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Work in progress is classified as p
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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
Page 80 and 81: 80 Comrod Communication Group Annua
Page 82 and 83: GROUP MANAGEMENTNIKLAS HERMANSSONPr
Page 84 and 85: CORPORATE GOVERNANCEThe corporate g
Page 86 and 87: 86 Comrod Communication Group Annua
Page 88 and 89: SHARES AND SHAREHOLDERSComrod Commu
Page 92 and 93: CONTACT INFORMATIONCOMROD COMMUNICA
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Annual report 2008 - Comrod

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