"Perspectives 2011" - Sustainability and Annual Report (pdf)

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$Luftfracht (pdf) - Flughafen MÃ¼nchen$

Introduction Company profile and strategyService portfolio Communication and social responsibilitySupervisory board’s reportThe supervisory board was informed regularly and indetail by executive management in written reportsand at meetings about the company’s situation, itsdevelopment, and important business events. Onthe basis of the reports and the information received,the supervisory board oversaw the management ofthe company’s business and made such decisionsas it was called upon to make in accordance with itsstatutory responsibilities.The yearend accounts as at December 31, 2011, andthe consolidated management report on FlughafenMünchen GmbH and its group of companies presentedby executive management have been auditedand approved by Deloitte & Touche GmbH, the appointedauditors. Having conducted its own review,the supervisory board acknowledges the auditors’findings and raises no objections. In accordance withSection 42a, Paragraphs 2 and 4 of Germany’s LimitedLiability Companies Act (GmbHG) and Section 171,Paragraph 2 of Germany’s Stock Corporations Act(AktG), the board approves the yearend accounts ofFlughafen München GmbH and the FMG Group. Thesupervisory board proposes that the shareholdersendorse the yearend accounts of Flughafen MünchenGmbH and the FMG Group.The supervisory board also wishes to express itsgratitude and respect for the work carried out andthe successes achieved by the company’s executivemanagement and employees in fiscal 2011.Munich, July 5, 2012Dr. Markus SöderChairman of the Supervisory BoardFlughafen München GmbHIn fiscal 2011, Minister of State Georg Fahrenschonstepped down from the supervisory board. The boardwould like to thank him for his expert and committedservice to the company as board chairman.112
Workforce and work environmentEnvironmental and climate protectionFinancial reviewq Supervisory board’s reportq Consolidated management reportp Consolidated financial statementsp Independent auditor’s reportSustainable developmentConsolidated management report for 2011The object of the Flughafen München Group is tooperate Munich Airport and to pursue ancillary linesof business. The FMG Group comprises FlughafenMünchen GmbH, 17 subsidiaries and special purposeentities, and two associated companies. In fiscal 2011,the company MUCGround Services Flughafen MünchenGmbH, Freising, was merged into AeroGroundFlughafen München GmbH, Munich. Moreover, as of2011, MediCare Flughafen München MedizinischesZentrum GmbH, Oberding, is no longer a subsidiarybut is included in the Group’s consolidated financialstatements as an associated company. This changedoes not have a material effect on the consolidatedfinancial statements.Activities and organizational structureFlughafen München GmbH runs Munich Airport,which began operating at its current location in Er -dinger Moos in 1992. To service air traffic, MunichAirport has two modern, highly efficient terminalsand two runways, both 4,000 meters long and capableof operating independently. Besides its aviationand ground handling activities, Flughafen MünchenGmbH also engages in a range of non-aviation businessactivities, primarily real estate management andde velopment and retail operations, the latter includinghospitality and parking services.Flughafen München GmbH is organized functionallyin central, business and support divisions. The busi -ness divisions operate and generate revenues independentlywithin their respective markets, whereasthe support divisions primarily operate internallyand provide the business divisions with professionalexpertise and specialized services. The central divisionsare responsible for the overall management ofthe airport.A landmark change in FMG Group policy came in2011 with the successful restructuring of our formerGround Handling division. The high losses recordedin the ground services segment since the market wasthrown open to competing, private ramp-handlingoperators have been a major burden on the Groupin recent years. By carving out our ground handlingbusiness into a wholly owned subsidiary with a com -petitive pay-scale structure, we created the right conditionsfor a successful turnaround in this segment.Strategy and sustainabilityMunich Airport ranks as one of Europe’s foremostaviation hubs. The FMG Group’s success as an enterpriseis the result of its ability to operate efficiently,to maintain business momentum and to focus firmlyon profitable growth.Munich Airport is committed to pursuing a sustainablebusiness strategy that strikes a successful balancebetween key economic, environmental and socialobjectives. Group corporate policy sets out to maintainand strengthen the foundations of the Group’sbusiness in the longer term in such a way that, goingforward, it can continue to operate successfully andsafeguard both public mobility and Bavaria’s locationalappeal.At FMG, we firmly believe that sustainable businesspractices help safeguard steadier and more consistentgrowth and make an organization more competitivein the longer term. We are therefore committed tosustainability, as reflected by our mission statement:“By 2015 we will be one of the most attractive, ef -ficient and sustainable hub airports in the world.”113
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EconomyCargo volumeup 5.9%to more t
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Environment60%65%of aircraft deicer
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PublisherFlughafen München GmbHP.O
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