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English - Siegfried

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ContentsKey figuresOverviewChairman’s Letter 4Annual Report 10The <strong>Siegfried</strong> Division 10The <strong>Siegfried</strong> Division Pipeline 14The Sidroga Division 16Outlook 18Board of Directors and Corporate Officers 20Corporate Governance 24Foreword and general framework 25Structure of the <strong>Siegfried</strong> Group 26Shareholders 28Capital structure 29Board of Directors 30Operational Management 38Compensation, investments and loans 41Participatory Rights of Shareholders 42Control changes and defensive measures 44Auditors 44Information policy 45Report on “Safety – Health - Environment” 48Financial Statements <strong>Siegfried</strong> Group 58Editorial 58Consolidated Balance Sheet 60Consolidated Income Statement 61Consolidated Cash Flow Statement 62Consolidated Statement ofRecognized Income and Expense 63Notes to the Consolidated Financial Statements 64Significant accounting judgements and estimates 70Notes to the Consolidated Financial Statements 72Segment informationen 84Report of the Group auditors 85Five-year overview 2002–2006, consolidated figures 86Financial Statements <strong>Siegfried</strong> Holding Ltd. 90Balance Sheet of <strong>Siegfried</strong> Holding Ltd. 90Income Statement of <strong>Siegfried</strong> Holding Ltd. 91Notes to the Financial Statements of <strong>Siegfried</strong> Holding Ltd. 91Proposal for the appropriation of earnings 92Report of the statutory auditors 93Stock market data 94Share price development 95Publisher’s note 97Contents1

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