BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...
BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...
BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...
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F<strong>in</strong>ancial statements <strong>2011</strong><br />
104 Consolidated balance sheet as at 31 December<br />
105 Consolidated <strong>in</strong>come statement<br />
106 Consolidated statement <strong>of</strong> comprehensive <strong>in</strong>come<br />
107 Consolidated statement <strong>of</strong> equity<br />
108 Consolidated cash flow statement<br />
109 Company balance sheet at 31 December<br />
109 Company <strong>in</strong>come statement<br />
110 O<strong>the</strong>r <strong>in</strong>formation<br />
114 Overview <strong>of</strong> pr<strong>in</strong>cipal subsidiaries and associates<br />
115 Royal <strong>BAM</strong> Group nv executive <strong>of</strong>ficers<br />
116 Ten year key figures<br />
118 Key f<strong>in</strong>ancial dates<br />
Disclosure<br />
In this abbreviated annual report <strong>the</strong> consolidated balance sheet as at 31 December <strong>2011</strong>,<br />
<strong>the</strong> consolidated <strong>in</strong>come statement, <strong>the</strong> consolidated comprehensive <strong>in</strong>come statement,<br />
<strong>the</strong> consolidated statement <strong>of</strong> equity and <strong>the</strong> consolidated cash flow statement for <strong>the</strong> year<br />
<strong>the</strong>n ended, <strong>the</strong> company balance sheet as at 31 December <strong>2011</strong> and <strong>the</strong> company <strong>in</strong>come<br />
statement for <strong>the</strong> year <strong>the</strong>n ended (hereafter: <strong>the</strong> primary statements) are presented,<br />
accompanied by this disclosure.<br />
These primary statements are an <strong>in</strong>tegral part <strong>of</strong> and are consistent with <strong>the</strong> f<strong>in</strong>ancial<br />
statements <strong>of</strong> Royal <strong>BAM</strong> Group nv. It was decided to disclose <strong>the</strong> annual report and <strong>the</strong> primary<br />
statements <strong>in</strong> an abbreviated annual report, that serves <strong>the</strong> purpose <strong>of</strong> giv<strong>in</strong>g readers an<br />
impression <strong>of</strong> <strong>the</strong> full version <strong>of</strong> <strong>the</strong> (audited) annual report.<br />
The external report<strong>in</strong>g (IFRS) and account<strong>in</strong>g pr<strong>in</strong>ciples used <strong>in</strong> <strong>the</strong>se primary statements are<br />
consistent with <strong>the</strong> consolidated f<strong>in</strong>ancial statements <strong>of</strong> Royal <strong>BAM</strong> Group nv. Here<strong>in</strong>, amongst<br />
o<strong>the</strong>rs, <strong>the</strong> valuation <strong>of</strong> <strong>in</strong>ventory, <strong>in</strong>cluded <strong>in</strong> which are land and build<strong>in</strong>g rights and property<br />
development, is set out, be<strong>in</strong>g <strong>the</strong> lower <strong>of</strong> cost and net realisable value. Construction contracts<br />
are stated at cost <strong>in</strong>curred and allocated result <strong>in</strong> l<strong>in</strong>e with <strong>the</strong> progress <strong>of</strong> <strong>the</strong> construction, less<br />
identifiable losses and <strong>in</strong>voiced <strong>in</strong>stalments.<br />
For more <strong>in</strong>formation on <strong>the</strong> account<strong>in</strong>g pr<strong>in</strong>ciples and <strong>the</strong> f<strong>in</strong>ancial statements as a whole we<br />
refer to our website www.bam.eu where you can download <strong>the</strong> f<strong>in</strong>ancial statements.<br />
103<br />
<strong>2011</strong>
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