ANNUAL REPORT 2011 - Kuehne + Nagel

More documents

Recommendations

Info

6 Cash, Cash equivalents and financial investments CHF million Dec. 31, 2011 Dec. 31, 2010 The bank deposits are in the following currencies: CHF 224 397 EUR 65 265 USD 2 9 Total 291 671 CHF million < 3 months > 3 months Dec. 31, 2011 Dec. 31, 2010 Bonds: CHF – 63 63 – EUR 61 187 248 – Total 61 250 311 – 7 Share capital At the Annual General Meeting held on May 2, 2006, the shareholders approved a 1:5 split of the registered shares and a corresponding increase in the number of Kuehne + Nagel shares. At the same time, the nominal value per share relating to approved share capital and conditional share capital was also lowered from CHF 5 to CHF 1. Approved and conditional share capital The Annual General Meeting held on May 2, 2005 approved the Board of Directors proposal to realise a conditional share capital increase of 12 million registered shares up to a maxi- Financial Statements 2011 _ _ _ _ _ _ Notes to the Balance Sheet Registered shares CHF million at nominal CHF 1 each number Balance as of December 31, 2011 120,000,000 120 mum of CHF 12 million and to add section 3.4 in the Articles of Association. The Annual General Meeting held on May 18, 2010 agreed to the Board of Directors proposal to create an approved share capital increase up to a maximum of CHF 20 million restricted for two years. This option will expire on May 8, 2012. So far no use has been made of these rights. There is no resolution of the Board of Directors outstanding for a further issuance of either approved or conditional share capital. 125
126 Financial Statements 2011 _ _ _ _ _ _ Notes to the Balance Sheet 8 Reserves CHF million Free Legal Capital Total reserves reserves reserves contribution reserves Balance as of January 1, 2011 – 60 185 245 Addition from release of reserves for treasury shares 1 6 – – 6 Distribution capital contribution to shareholders – – –179 –179 Balance as of December 31, 2011 6 60 6 72 1 See note 9. 9 Reserves for treasury shares In agreement with the provisions of the Swiss commercial law regarding the valuation of treasury shares, the company released a reserve equivalent to the average cost of the treasury shares. 10 Retained earnings number of shares CHF million Balance as of January 1, 2011 877,480 51 Disposal of treasury shares –309,089 –19 Purchase of treasury shares 123,510 13 Balance as of December 31, 2011 691,901 45 CHF million Balance as of January 1, 2011 (before income for the year and reclassification) 503 Reclassification of addition from merger of subsidiaries to retained earnings 89 Earnings for the year 2010 592 Retained earnings as of January 1, 2011 (prior to appropriation of available earnings) 1,184 Distribution to the shareholders (representing CHF 2.75 per share) –328 Transfer to capital contribution reserves –112 Subtotal (after appropriation of available earnings) 744 Earnings for the year 2011 523 Balance as of December 31, 2011 1,267 CHF million Capital contribution reserves as of January 1, 2011 185 Distribution to the shareholders (CHF 1.50 per share) –179 Balance capital contribution reserves as of December 31, 2011 6
Page 1 and 2:
NETWORK AND PRODUCT PORTFOLIO KUEHN
Page 3 and 4:
EXPANSION NETWORK AND PRODUCT PORTF
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
BEIJING / CHINA MUMBAI / INDIA
Page 13 and 14:
CHINA Kuehne + Nagel offers an exte
Page 15 and 16:
INDIA The new automotive competence
Page 17 and 18:
KUEHNE + NAGEL GROUP KEY DATA CHF m
Page 19 and 20:
2 The Board of Directors KARL GERNA
Page 21 and 22:
4 Report of the Board of Directors
Page 23 and 24:
6 Report of the Board of Directors
Page 25 and 26:
8 REPORT OF THE MANAGEMENT BOARD St
Page 27 and 28:
10 Report of the Managament Board K
Page 29 and 30:
12 Report of the Managament Board u
Page 31 and 32:
14 Status Report _ _ _ _ _ _ Income
Page 33 and 34:
16 Status Report _ _ _ _ _ _ Financ
Page 35 and 36:
18 Status Report _ _ _ _ _ _ Invest
Page 37 and 38:
20 Status Report _ _ _ _ _ _ Shareh
Page 39 and 40:
22 REPORT OF THE BUSINESS UNITS Sea
Page 41 and 42:
24 Report of the Business Units _ _
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
34 Sustainability _ _ _ _ _ _ Human
Page 53 and 54:
36 Sustainability _ _ _ _ _ _ Kuehn
Page 55 and 56:
38 Sustainability _ _ _ _ _ _ Kuehn
Page 57 and 58:
40 Sustainability _ _ _ _ _ _ Quali
Page 59 and 60:
42 Global Network KUEHNE + NAGEL WO
Page 61 and 62:
44 CORPORATE GOVERNANCE Kuehne + Na
Page 63 and 64:
46 Corporate Governance Klaus-Micha
Page 65 and 66:
48 Corporate Governance Dr. Wolfgan
Page 67 and 68:
50 Corporate Governance On invitati
Page 69 and 70:
52 Corporate Governance Management
Page 71 and 72:
54 Corporate Governance The members
Page 73 and 74:
56 CONSOLIDATED FINANCIAL STATEMENT
Page 75 and 76:
58 Consolidated Financial Statement
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92: 74 Consolidated Financial Statement
Page 117 and 118: 100 Consolidated Financial Statemen
Page 131 and 132: 114 SIGNIFICANT SUBSIDIARIES AND JO
Page 137 and 138: 120 FINANCIAL STATEMENTS 2011 OF KU
Page 139 and 140: 122 Financial Statements 2011 _ _ _
Page 141: 124 Financial Statements 2011 _ _ _
Page 149 and 150: CORPORATE TIMETABLE 2012 March 5, 2
show all

ANNUAL REPORT 2011 - Kuehne + Nagel

Create successful ePaper yourself

Delete template?

Save as template?