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AnnuAl RepoRt 2010

AnnuAl RepoRt 2010

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annual report <strong>2010</strong><br />

table oF contents<br />

IntroductIon<br />

Foreword 3<br />

Metalor in brief 6<br />

Highlights <strong>2010</strong> 8<br />

dIvIsIonal actIvItIes<br />

Refining 10<br />

Advanced Coatings 12<br />

Electrotechnics 14<br />

FInancIal statements<br />

Financial report 18<br />

Consolidated balance sheet 20<br />

Consolidated statement of income 21<br />

Consolidated statement of cash flows 22<br />

Consolidated statement of changes in equity 23<br />

Group companies 24<br />

Governing bodies 25<br />

Group operating companies 26-27

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