ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
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Consolidated Financial Statements <strong>2011</strong> _ _ _ _ _ _ Other Notes<br />
b) Geographical information<br />
Country information<br />
<strong>2011</strong> 2010<br />
CHF million Non-current Invoiced Non-current Invoiced<br />
assets turnover assets turnover<br />
Switzerland 1 6 352 6 265<br />
Germany 1 511 3,984 482 4,155<br />
USA 2 114 2,029 129 2,114<br />
China 3 6 603 4 659<br />
South Africa 4 2 459 2 492<br />
1 Part of region Europe.<br />
2 Part of region Americas.<br />
3 Part of region Asia-Pacific.<br />
4 Part of region Middle East, Central Asia and Africa.<br />
21 Personnel expenses<br />
CHF million <strong>2011</strong> 2010<br />
Salaries and wages 2,711 2,696<br />
Social expenses and employee benefits 588 598<br />
Expenses for employee share purchase and option plans<br />
Pension plan expenses<br />
7 10<br />
— defined benefit plans 20 21<br />
— defined contribution plans 49 48<br />
Other 11 18<br />
Total 3,386 3,391<br />
.<br />
22 Selling, general and administrative expenses<br />
CHF million <strong>2011</strong> 2010<br />
Administration 201 192<br />
Communication 74 78<br />
Travel and promotion 86 80<br />
Vehicles 293 325<br />
Operating expenses 242 199<br />
Facilities 633 697<br />
Bad debt and collection expenses 13 13<br />
Total 1,542 1,584