- Page 2: TIMELINE2011January 24. Connection
- Page 5: 2011SEATANNUALREPORT
- Page 8 and 9: DYNAMIC
- Page 10 and 11: YOUNGSPIRITED
- Page 13 and 14: RELIABLESEAT IS RELIABLESEAT is a b
- Page 15 and 16: SEAT IS EFFICIENTSEAT’s Ecomotive
- Page 17: SEAT IS ACCESSIBLESEAT is a transpa
- Page 21 and 22: CONTENTSPAGEPAGEManagement04 Letter
- Page 23 and 24: LETTER FROM THE CHAIRMANOF THE BOAR
- Page 26 and 27: 06 | ANNUAL REPORT 2011 | LETTER FR
- Page 28 and 29: BOARDOF DIRECTORSChairmanDr. Franci
- Page 32 and 33: SARA BAAfter more than 20 years of
- Page 34 and 35: Is this performance your first homa
- Page 36 and 37: 16 | ANNUAL REPORT 2011 | DYNAMISM
- Page 38 and 39: millions of followers worldwide.
- Page 40 and 41: Now his objective is to drive to wi
- Page 42 and 43: BARCELONABERLIN22 | ANNUAL REPORT 2
- Page 44 and 45: M.A.N.D.Y.With electronic music fir
- Page 46 and 47: JUDITH COLELLJudith Colell is alrea
- Page 48 and 49: THE KEYS TOSUCCESSCarme Ruscalleda
- Page 50 and 51: Chef Carme Ruscalleda and formerswi
- Page 52 and 53: 32 | ANNUAL REPORT 2011 | RELIABILI
- Page 54 and 55: EUROPEANGREENCAPITALS:CITIES TOLIVE
- Page 56 and 57: Rubbish collection system in Stockh
- Page 58 and 59: The quality of SEAT vehicles is inh
- Page 60 and 61: ALICIA JARILLOHELPING THE NEEDYFor
- Page 62 and 63: Management Report
- Page 64 and 65: IndustrialActivityPRODUCTIONIn 2011
- Page 66 and 67: odywork and painting workshops so a
- Page 68 and 69: Passionate about perfection.QUALITY
- Page 70 and 71: CommercialActivitySALESIn 2011 SEAT
- Page 72 and 73: SEAT possesses a widespread, effici
- Page 74 and 75: SPONSORSHIPSports and music. Music
- Page 76 and 77: SEAT RANGESEAT offers anentire rang
- Page 78 and 79: SEAT IBIZA STThe Ibiza ST adds func
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SEAT LEÓNThe SEAT León stands for
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The brand’s values - Design Drive
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Copa versions of Ibiza SC, León an
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SEAT León TwinDrive and Altea XL E
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IBL concept car, design in evolutio
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SEAT - one of Spain’s major creat
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scheme based on three aspects. Firs
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power generating plant at Martorell
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football Cup (this year in its 5 th
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RISK DETECTION AND ASSESSMENTSEATRI
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FinancialActivitySEAT Exeo, perfect
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RESULTSIn spite of the difficult, e
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SEAT, S.A. ANNUAL ACCOUNTS
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88 | ANNUAL REPORT 2011 | AUDITORS
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BALANCESHEETAt December 31(millions
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STATEMENTOF CHANGESIN EQUITYAt Dece
- Page 114 and 115:
CASHFLOWSTATEMENTJanuary 1 to Decem
- Page 116 and 117:
NOTESFinancial year ending December
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Rights received via the National At
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f) SubventionsCapital subventions a
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The saleable value of this fixed as
- Page 124 and 125:
8. FINANCIAL INSTRUMENTSa) Impact o
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II. Credit riskCredit risk arises o
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On February 25, 2010, the sole shar
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Liabilities (mainly with Group comp
- Page 132 and 133:
Profit and Loss StatementEquityMill
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19. INCOME AND EXPENSESa) Distribut
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f) Other operating expensesMillions
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d) Environment-related incomeIncome
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PostDr. Francisco Javier García Sa
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APPENDIX 1.EVOLUTION OF NON-CURRENT
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2011Cost of acquisition or manufact
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APPENDIX 2.SUBSIDIARYCOMPANIES(mill
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CONSUMPTION AND EMISSION FIGURESCon
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SEATCREDITSThis version sets forth