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

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$Luftfracht (pdf) - Flughafen MÃ¼nchen$

Introduction Company profile and strategyService portfolio Communication and social responsibilityThe market values of all interest derivatives and forwardexchange transactions are those quoted by thecounterparties (banks) and are determined accordingto current interest structure charts and the discountedcash flow method.Risk Underlying transaction Hedging instrument Hedge typeType Type Amount Risk AmountProspectiveeffectivenessCurrencyContracted cashflowYen loan¥6 billion(€43.6 million)Yen forwardsale¥6 billion Micro hedge Critical termmatchCurrencyAnticipated cashflowConsultingmandate,invoiced inOmani rialsOMR3.6 millionDollar forwardsales 1US$9.4 millionMicro hedgeCritical termmatchInterestContracted cashflowVariable-interestloans€500 million Payer swaps €500 million Micro hedge Critical termmatchInterestContracted cashflowVariable-interestloans€726 million Payer swaps €726 million Micro hedge Critical termmatchInterestContracted cashflowVariable-interestloans€29.4 million Payer swaps €29.4 million Micro hedge Critical termmatch1Forward sales in US dollars were made on account of non-liquid hedging instruments in Omani rials.The Omani rial has a fixed parity with the US dollar.4. Auditors’ remunerationIn fiscal 2011, the auditors of the Group’s financialstatements received €90 thousand for auditing and€95 thousand for other services.5. Business with related parties (personsand companies) as defined in the GermanCommercial CodeUnder Section 314, Paragraph 1, Item 13 of the GermanCommercial Code, related parties (companiesand persons) are legal or natural persons who are ableto exert an influence on Flughafen München GmbHor who are controlled by or are subject to significantinfluence by Flughafen München GmbH.Business with related parties largely consists ofdealings conducted with subsidiaries and affiliatedcompanies. These business dealings relate for themost part to rentals, services and finance. Such businessis conducted on a regular basis and on markettypicalterms.No business dealings are conducted at market-atypicalprices.144
Workforce and work environmentEnvironmental and climate protectionFinancial reviewSustainable developmentP Supervisory board’s reportP Consolidated management reportq Consolidated financial statementsp Independent auditor’s reportt6. Executive boardMembers of the executive board of FlughafenMünchen GmbH, the Group’s corporate parent,in 2011:Dr. Michael KerklohPresident and Chief Executive OfficerThomas WeyerVice President and Chief Financial OfficerChief Infrastructure Officer7. Supervisory boardMembers of the supervisory board in 2011:Georg FahrenschonMinister of State,Bavarian State Ministry of Financechairman(until November 3, 2011)Dr. Markus SöderMinister of State,Bavarian State Ministry of Financechairman(from December 16, 2011)Free State of BavariaJosef PoxleitnerDirector-General,Board of Building and Public Works in theBavarian State Ministry of Home AffairsDr. Hans SchleicherDirector-General,Bavarian State Ministry for Economic Affairs,Infrastructure, Transport and TechnologyKlaus WeigertDirector-General,Bavarian State Ministry of FinanceFederal Republic of GermanyChristiane Wietgrefe-PeckmannSenior Principal,Federal Ministry of FinanceMichael OdenwaldDirector-General,Federal Ministry of Transport,Building and Housing(from January 18, 2011)City of MunichChristian UdeChief Mayor, City of MunichDieter ReiterCouncilor, City of MunichEmployee representativesThomas BihlerClerical employee,employee representativeHeinrich BirnerDirector of the ver.di labor union,Munich regionvice chairman(from December 16, 2011)Michael BörriesCertified aircraft handlerHans-Joachim BuesSenior Vice President Corporate Communications,executive employees’ representativeWilly GraßlClerical employeeOrhan KurtulanCertified aircraft handler,full-time works councilorAnna MüllerClerical employee,full-time works councilorSabine PetersClerical employee145
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EconomyCargo volumeup 5.9%to more t
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Environment60%65%of aircraft deicer
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Social equityPeople fromaround 50na
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