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Panalpina Annual Report 2011

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Contents<br />

Consolidated Financial Statements <strong>2011</strong><br />

Consolidated Income Statement 64<br />

Consolidated Statement of Comprehensive Income 65<br />

Consolidated Statement of Financial Position 66<br />

Consolidated Statement of Changes in Equity 67<br />

Consolidated Statement of Cash Flows 69<br />

Notes to the Consolidated Financial Statements 70<br />

Principal Group Companies and Participations 122<br />

<strong>Report</strong> of the Group Auditors 127<br />

Key Figures in CHF (five-year review) 128<br />

Consolidated Statement of Financial Position in CHF (five-year review) 130<br />

Key Figures in EUR (five-year review) 131<br />

Consolidated Statement of Financial Position in EUR 133<br />

<strong>Annual</strong> Financial Statements <strong>2011</strong> of <strong>Panalpina</strong> World Transport (Holding) Ltd.<br />

Income Statement 134<br />

Balance Sheet as of December 31 (before profit appropriation) 135<br />

Notes to the Financial Statements 136<br />

Appropriation of Available Earnings 140<br />

<strong>Report</strong> of the Statutory Auditors 141<br />

<strong>Panalpina</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />

63

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