Annual Report 2011 - Analist.be

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Groupe Bruxelles LambertGBL’s primary objective is to create value forits shareholders. GBL strives to developa portfolio of investments focusing on a smallnumber of industrial companies that are leaderon their markets, in which it can play its roleas a long-term professional shareholder.This portfolio is meant to evolve over timedepending on the companies’ developmentand market opportunities. GBL investsand disinvests according to its objectivesof value creation and of maintaining a solidfinancial structure.GBL’s dividend policy seeks to achievea sound balance between providingan attractive cash yield to shareholdersand achieving sustained growth in itsshare price.
Page 1: Annual Report2011 Groupe Bruxelles
Page 5 and 6: Annual Report 2011Message to shareh
Page 9 and 10: GBL’s share price and value of th
Page 11: 6560Portfolio and adjusted net asse
Page 16 and 17: Consolidated figures IFRSKey figure
Page 19 and 20: C.1. Net earnings from associated a
Page 21 and 22: E. Comprehensive income 2011 - grou
Page 23 and 24: Overview of the activitiesGBL’s p
Page 25: Percentage of share capital .......
Page 32: Overview of the activities - GDF SU
Page 35 and 36: Data on Stock Exchange and on GBL
Page 40: Overview of the activities - Pernod
Page 46 and 47: Overview of the activities - Lafarg
Page 48 and 49: Active in 47 countries with 240 ind
Page 50 and 51: Overview of the activities - Imerys
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Overview of the activities - Imerys
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Percentage of share capital .......
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Data on Stock Exchange and on GBL
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Environment variables and operating
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Data on Stock Exchange and on GBL
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Ergon Capital Partners (ECP)ECP is
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Accounts at 31 December 2011Consoli
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Consolidated statement of comprehen
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Consolidated cash flow statementIn
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The future application of these new
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Accounts at 31 December 2011 - Acco
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Accounts at 31 December 2011 - Acco
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Consolidation scope, associated com
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Accounts at 31 December 2011 - Cons
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A breakdown of the Group’s turnov
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2.2. Share in the shareholders’ e
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3. Total, GDF SUEZ, Pernod Ricard,
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3.4. Revaluation reservesIn EUR mil
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6. TurnoverIn EUR million 2011 2010
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Accounts at 31 December 2011 - Note
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Annual Report 2011 115Accounts at 3
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Annual Report 2011 117Accounts at 3
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Income statement at 31 DecemberIn E
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Historical dataSummary of GBL’s i
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2008 2007 2006 2005 2004 2003 20021
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1. Board of directors1.1. Compositi
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Paul DesmaraisVice-Chairman of the
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Victor DelloyeDirectorBusiness addr
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1.2.2. Designation and appointment
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1.2.5. Family ties between members
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The Board meetings in March and Jul
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All members of the Committee are no
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3.3. Fees and other gross remunerat
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4. Auditing of accountsThe General
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Corporate governance statementRisk
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Corporate governance statementMore
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Corporate governance statementExtra
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Corporate governance statement9. Sh
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Corporate governance statement9.3.2
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Corporate governance statement11. O
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Corporate governance statement11.11
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Appendix - Offices of DirectorsList
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Appendix - Offices of DirectorsFina
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Appendix - Offices of DirectorsFina
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Appendix - Offices of DirectorsMich
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Appendix - Offices of Directors•
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Appendix - Offices of DirectorsGunt
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GlossaryFor terms found in the sect
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For further informationGroupe Bruxe
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