BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...

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12 2011 Beverwaard tram depot including a roof-top car park with space for 500 cars, Rotterdam. BAM Civiel.
24 22 20 18 16 14 12 10 8 6 4 2 0 Stock exchange listing Royal BAM Group nv shares The shares of Royal BAM Group nv have been listed on the NYSE Euronext Amsterdam stock exchange since 1959. BAM is listed on the AMX index (Midkap) as well the Euronext NEXT-150 Index. Royal BAM Group ordinary share options have been traded by NYSE Liffe, the Euronext Amsterdam derivatives division, since 2006. The total stock exchange value (market capitalisation) of the Group stood at approximately €0.8 billion at year-end 2011 (year-end 2010: approximately €1.1 billion). Share price The 2011 closing price for the ordinary share was €3.26, which was approximately 29 percent lower than the closing price for 2010 (€4.60). This means that the share price lagged slightly behind the AMX index (-27 percent). BAM’s share price has fallen by almost 72 percent over the last five years. By way of comparison, the AEX index and the AMX fell by 37 percent and 31 percent in the same period. Graph 1 shows the history of the BAM ordinary share price over the past five years. Graph 1 Ordinary share price movement (in €) 2007 2008 2009 2010 BAM sector NL sector Eur AEX 2011 AMX Volume of trade The cash value of the Royal BAM Group ordinary share decreased in 2011. The number of ordinary shares traded fell by a third in the financial year to a total of 341.6 million shares (2010: 518.6 million). The average daily trade was 1,338,500 ordinary shares (2010: 2,010,000). The value of the shares traded fell by approximately 44 percent in 2011 to €1,434 million (2010: €2,547 million). An average of €5.6 million worth of BAM shares was traded every trading day in 2011 (2010: €9.9 million). Graph 2 shows the development of the average number of ordinary shares traded in 2011 on Euronext Amsterdam. Graph 3 (page 14) shows the development of the average price on NYSE Euronext Amsterdam. If necessary, ING, Rabobank and RBS act as liquidity providers for the trade in ordinary shares. Graph 2 Number of traded ordinary shares in 2011 (average per day) 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 5,00,000 0 J F M A M J J A S O N D ordinary trade large blocks moving average 13 2011
Page 1 and 2: 2011 Abbreviated Annual Report
Page 3 and 4: Key figures (in €million, unless
Page 5 and 6: Foreword Royal BAM Group nv hereby
Page 7 and 8: Outlook Royal BAM Group started 201
Page 9 and 10: Construction and mechanical and ele
Page 11 and 12: Better results are generally accomp
Page 13: 2. Optimum exploitation of strength
Page 17 and 18: Dividend policy Dividend policy and
Page 19 and 20: Report by the Supervisory Board to
Page 21 and 22: Fotobijschrift: 19 2011
Page 23 and 24: eported in each case on the state o
Page 25 and 26: Multipurpose complex for care and s
Page 27 and 28: and reported to the Supervisory Boa
Page 29 and 30: 27 2011
Page 31 and 32: to the financial objectives (maximu
Page 33 and 34: The variable remuneration actually
Page 35 and 36: The graduated scale shown below app
Page 37 and 38: The company has no other remunerati
Page 39 and 40: C.M.C. Mahieu (1959) Ms Mahieu grad
Page 41 and 42: Financial results Report by the Exe
Page 43 and 44: Result per ordinary share The numbe
Page 45 and 46: Oman Botanical Garden, Muscat. BAM
Page 47 and 48: of €16 million and a super divide
Page 49 and 50: financial year and the subsequent f
Page 51 and 52: manner with regard to the other mem
Page 53 and 54: Sporen in Arnhem: modernisation and
Page 55 and 56: Approximately 130 metres-high ‘De
Page 57 and 58: Netherlands with a remaining term m
Page 59 and 60: N218 Hartel canal cycle bridge (600
Page 61 and 62: On the one hand, the operating comp
Page 63 and 64: ensure that it consistently and eff
Page 65 and 66:
carrying out this project but was n
Page 67 and 68:
Corporate Social Responsibility Pol
Page 69 and 70:
Green walls and roofs of the BSH In
Page 71 and 72:
Worker participation European Works
Page 73 and 74:
y 7.7 percent in 2012. On the other
Page 75 and 76:
Royal BAM Group is active in the co
Page 77 and 78:
18 homes in the Elzenhagen neighbou
Page 79 and 80:
The company continued to perform st
Page 81 and 82:
Four school buildings for Alfons Ke
Page 83 and 84:
Royal BAM Group operates in the Dut
Page 85 and 86:
Underground high-voltage link for t
Page 87 and 88:
Design of quay wall and mooring jet
Page 89 and 90:
Renovation and expansion of Tottenh
Page 91 and 92:
Silberberg Railway Tunnel (7.4 kilo
Page 93 and 94:
Laela-Sumbawanga road improvement p
Page 95 and 96:
The Dutch property activities recor
Page 97 and 98:
Redevelopment of a former domestic
Page 99 and 100:
97 2011
Page 101 and 102:
BAM PPP is responsible for Royal BA
Page 103 and 104:
Tebodin Consultants & Engineers is
Page 105 and 106:
Financial statements 2011 104 Conso
Page 107 and 108:
Consolidated income statement (x
Page 109 and 110:
Consolidated statement of equity (x
Page 111 and 112:
Company balance sheet at 31 Decembe
Page 113 and 114:
The Supervisory Board shall determi
Page 115 and 116:
113 2011
Page 117 and 118:
Royal BAM Group nv Royal BAM Group
Page 119 and 120:
2006 2005 2004 2003 1 2002 IFRS IFR
Page 121 and 122:
119 2011
Page 124:
Royal BAM Group nv Runnenburg 9 398
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