ANNUAL REPORT 2011 - Kuehne + Nagel

NOTES TO THE BALANCE SHEET
2 Development of investments
CHF million Investments in Investments in Total
consolidated affiliated
companies companies
Cost
Balance as of January 1, 2011 2,130 2 2,132
Additions 292 – 292
Disposals –174 – –174
Balance as of December 31, 2011 2,248 2 2,250
Cumulative amortisation
Balance as of January 1, 2011 960 2 962
Additions 2 – 2
Disposals –5 – –5
Balance as of December 31, 2011 957 2 959
Carrying amount
As of January 1, 2011 1,170 – 1,170
As of December 31, 2011 1,291 – 1,291
A schedule of the Group's main subsidiaries and Kuehne +
Nagel's share in the respective equity is shown on pages 114 to
119 of the Consolidated Financial Statements.
3 Receivables from Group companies
Financial Statements 2011 _ _ _ _ _ _ Notes to the Balance Sheet
CHF million Dec. 31, 2011 Dec. 31, 2010
KN Ibrakom FZCO., Dubai 5 –
Kuehne + Nagel Ltd., Nairobi 4 –
Kuehne + Nagel Real Estate Holding AG, Schindellegi 4 4
Kuehne + Nagel Liegenschaften AG, Schindellegi 24 25
Kuehne + Nagel Investment AB, Stockholm – 1
Kuehne + Nagel S.A., Caracas – 1
Kuehne + Nagel GmbH, Vienna 7 9
Kuehne + Nagel Services Ltd., Vancouver – 52
Other Group companies 9 6
Total 53 98
123