ANNUAL REPORT 2011 - Kuehne + Nagel

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Balance Sheet Financial Statements 2011 _ _ _ _ _ _ Balance Sheet CHF million Note Dec. 31, 2011 Dec. 31, 2010 Assets Investments 2 1,291 1,170 Non-current assets 1,291 1,170 Receivables from Group companies 3 53 98 Other receivables 2 1 Cash and cash equivalents 6 291 671 Financial investments 6 311 – Treasury shares 5 45 51 Current assets 702 821 Total assets 1,993 1,991 Liabilities and Equity Share capital 7 120 120 Reserves 8 60 60 Capital contribution reserves 8 6 185 Share premium from merger of subsidiaries – 89 Free reserves 8 6 – Reserve for treasury shares 9 45 51 Retained earnings 10 744 391 Earnings for the year 523 592 Equity 1,504 1,488 Tax provision 12 25 Other provisions and accruals 6 5 Non-current liabilities 18 30 Liabilities towards Group companies 4 471 473 Current liabilities 471 473 Total liabilities 489 503 Total liabilities and equity 1,993 1,991 Schindellegi, March 2, 2012 KUEHNE + NAGEL INTERNATIONAL AG Reinhard Lange Gerard van Kesteren CEO CFO 121
122 Financial Statements 2011 _ _ _ _ _ _ Notes to the Financial Statements 2011, Notes to the Income Statement NOTES TO THE FINANCIAL STATEMENTS 2011 General Kuehne + Nagel International AG directly or indirectly controls all of the companies which are fully consolidated in the Group Financial Statements. For financial and economic assessment purposes, the Group Financial Statements are of importance. Basis of preparation/Accounting policies Investments The investments in subsidiaries, associates and joint ventures are recognised in the balance sheet at cost less valuation allowance. Receivables — from Group companies The balances outstanding are recorded at their nominal value less valuation allowance at year-end. NOTES TO THE INCOME STATEMENT 1 Income from investments in consolidated companies The income from investments in consolidated companies relates to dividends received. — other Other receivables are recorded at their nominal value less valuation allowance at year-end. Treasury shares Treasury shares are valued at average cost or lower market value. The “reserves for treasury shares” within equity are valued at average cost of treasury shares. Tax provision Swiss taxes on income and capital are provided for at balance sheet date. Liabilities — towards consolidated companies Liabilities towards consolidated companies are recorded at their nominal value at year-end. CHF million 2011 2010 Income from investments and others 422 388 Trademark fee 102 105 Income on sale of investments (internal) – 122 Total 524 615
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NETWORK AND PRODUCT PORTFOLIO KUEHN
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EXPANSION NETWORK AND PRODUCT PORTF
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BEIJING / CHINA MUMBAI / INDIA
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CHINA Kuehne + Nagel offers an exte
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INDIA The new automotive competence
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KUEHNE + NAGEL GROUP KEY DATA CHF m
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2 The Board of Directors KARL GERNA
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4 Report of the Board of Directors
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6 Report of the Board of Directors
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8 REPORT OF THE MANAGEMENT BOARD St
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10 Report of the Managament Board K
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12 Report of the Managament Board u
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14 Status Report _ _ _ _ _ _ Income
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16 Status Report _ _ _ _ _ _ Financ
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18 Status Report _ _ _ _ _ _ Invest
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20 Status Report _ _ _ _ _ _ Shareh
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22 REPORT OF THE BUSINESS UNITS Sea
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24 Report of the Business Units _ _
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34 Sustainability _ _ _ _ _ _ Human
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36 Sustainability _ _ _ _ _ _ Kuehn
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38 Sustainability _ _ _ _ _ _ Kuehn
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40 Sustainability _ _ _ _ _ _ Quali
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42 Global Network KUEHNE + NAGEL WO
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44 CORPORATE GOVERNANCE Kuehne + Na
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46 Corporate Governance Klaus-Micha
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48 Corporate Governance Dr. Wolfgan
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50 Corporate Governance On invitati
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52 Corporate Governance Management
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54 Corporate Governance The members
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56 CONSOLIDATED FINANCIAL STATEMENT
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58 Consolidated Financial Statement
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Page 87 and 88: 70 Consolidated Financial Statement
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Page 131 and 132: 114 SIGNIFICANT SUBSIDIARIES AND JO
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Page 149 and 150: CORPORATE TIMETABLE 2012 March 5, 2
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ANNUAL REPORT 2011 - Kuehne + Nagel

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