Panalpina Annual Report 2011

More documents

Recommendations

Info

Contents Letter to Shareholders 4 Report of the Executive Board 6 Group Management Structure 15 Reporting Regions 16 Product Divisions 18 CEO Statement 30 Success Factors Global Network 34 Industry Verticals 36 Employees 38 Compliance and Corporate Culture 40 Information Technology 42 Procurement 43 Quality, Security and HSE 44 Responsibilities Social Commitment 49 Corporate Governance 50 Global Reporting Initiative 61 Consolidated and Annual Financial Statements 2011 Consolidated Financial Statement 64 Annual Financial Statement 134 Appendix Information for Investors 142 Pictures 144 Imprint 145
Five-year development in million CHF Net forwarding revenue 10,500 9,000 7,500 6,000 4,500 3,000 1,500 0 EBIT 320 280 240 200 160 120 80 40 0 1,000 875 750 625 500 375 250 125 0 8,641 8,878 2007 2008 2009 2010 2011 Shareholders’ equity Glossary 299 1,026 193 871 Twenty-foot Equivalent Unit (TEU) Unit of measurement based on a 20-foot ISO container (6.10 meters long) Full Container Load (FCL) This refers to containers that are fully loaded by the consignor and unloaded by the recipient at the destination. Less than Container Load (LCL) This refers to part-loads or small loads that are grouped together and transported in containers throughout the transport chain. 5,958 30 864 7,164 15 812 6,500 174 2007 2008 2009 2010 2011 915 2007 2008 2009 2010 2011 Gross profit 2,050 1,900 1,750 1,600 1,450 1,300 1,150 1,000 1,803 Consolidated profit 245 210 175 140 105 70 35 0 –35 1,742 1,377 1,480 1,477 2007 2008 2009 2010 2011 211 114 10 –26 127 2007 2008 2009 2010 2011 The containers are unloaded when they reach the various recipients at different destinations. The term LCL is used mainly for containers shipped as ocean freight. Ocean freight and air freight: a comparison of capacity The capacity of a 12,000-TEU container ship is equivalent to that of 1,000 Boeing 747 cargo planes. The English version takes precedence over the German version.
Page 1: Annual Report 2011 A passion for so
Page 5 and 6: Key figures 2011 Net forwarding rev
Page 7 and 8: Letter to Shareholders Panalpina An
Page 9 and 10: Executive Board (clockwise): Monika
Page 11 and 12: Panalpina’s headquarters closer t
Page 13 and 14: Gross profit per region (2011) Euro
Page 15 and 16: Non-current assets Panalpina’s no
Page 17 and 18: Group Management Structure As at De
Page 19 and 20: Report of the Executive Board North
Page 21 and 22: Logistics Key figures Generated 14
Page 23 and 24: Tim Bauer Lane Manager for Air Frei
Page 25 and 26: Samia Guerroumi Procurement and Cap
Page 27 and 28: Jasmine Medhora of Panalpina’s Pa
Page 29 and 30: Marco Parnitzke Booking Agent for L
Page 31 and 32: Panalpina Annual Report 2011
Page 33 and 34: Success factors as growth drivers 2
Page 35 and 36: Highest compliance standard Our cor
Page 37 and 38: Europe, Middle East, Africa and CIS
Page 39 and 40: Automotive Continued growth of volu
Page 41 and 42: Discovering and developing leadersh
Page 43 and 44: are specifically designed for emplo
Page 45 and 46: Procurement Strong subcontractor re
Page 47 and 48: Poland award in the 9th Logistics P
Page 49 and 50: Previous goals included 5 % reducti
Page 51 and 52: Social Commitment Responsibility to
Page 53 and 54:
2 Capital structure 2.1 Capital On
Page 55 and 56:
and Sales Scandinavia and from 1986
Page 57 and 58:
and other selected senior managemen
Page 59 and 60:
Board since October 2006. Responsib
Page 61 and 62:
The voting restrictions do not appl
Page 63 and 64:
Global Reporting Initiative www.pan
Page 65 and 66:
Contents Consolidated Financial Sta
Page 67 and 68:
Consolidated Financial Statements 2
Page 69 and 70:
Consolidated Statement of Changes i
Page 71 and 72:
Consolidated Statement of Cash Flow
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Intangible assets Consolidated Fina
Page 81 and 82:
Amortized cost of financial instrum
Page 83 and 84:
Cash and cash equivalents and other
Page 85 and 86:
Page 87 and 88:
2010 (in million CHF) Europe, Middl
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Management Incentive Plan 09 / 10 (
Page 95 and 96:
9 Board of Directors Restricted Sto
Page 97 and 98:
The Group’s effective tax rate ca
Page 99 and 100:
14 Property, plant and equipment Co
Page 101 and 102:
A summary of the goodwill allocatio
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
The table below shows the Group’s
Page 109 and 110:
20 Trade receivables Consolidated F
Page 111 and 112:
Derivative financial instruments ar
Page 113 and 114:
25 Borrowings Consolidated Financia
Page 115 and 116:
Page 117 and 118:
2010 (in thousand CHF) Employee ben
Page 119 and 120:
2010 (in thousand CHF) Annual salar
Page 121 and 122:
30 Business combinations/disinvestm
Page 123 and 124:
Page 125 and 126:
Company Registered Currency Consoli
Page 127 and 128:
Company Registered Currency Consoli
Page 129 and 130:
Panalpina World Transport (Holding)
Page 131 and 132:
Page 133 and 134:
Key Figures in EUR Five-year review
Page 135 and 136:
Page 137 and 138:
Balance Sheet as of December 31 (be
Page 139 and 140:
Participations Annual Financial Sta
Page 141 and 142:
Annual Financial Statements 2011 Fu
Page 143 and 144:
Panalpina World Transport (Holding)
Page 145 and 146:
Ordinary gross dividend payments Fi
Page 147 and 148:
Imprint Panalpina World Transport (
show all

Panalpina Annual Report 2011

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?