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DOOSAN BABCOCK ENERGY Annual Report and Financial Statements 2007 Our People Here at Doosan Babcock our people are absolutely vital to our success and there’s never been a better time to be an employee of the Company. We are enjoying a period of dramatic and sustained expansion, which means the number of opportunities we can offer continues to grow. This growth is taking place in our core technical offices and various site operations throughout the UK and across our offices around the world. We successfully attract the best skills and expertise in the industry and recruit our new talent from all corners of the globe. Our campaigns over the past 12 months have targeted Western and Eastern Europe, India and South East Asia, the Middle East and the Americas. International mobility of staff is increasingly important and we factor this into our development plans by encouraging movement between our various office locations, projects and businesses including our parent organisation Doosan Heavy in Korea. Being a seamless, global organisation is one of our key goals. To support this we have sent over 120 of our top management and technical staff on familiarisation programmes in Korea, enabling them to understand and experience the diverse cultural and professional environments of our organisation. Across the UK our extensive Branch Network facilitates efficient communication and operations across the thousands of staff and labour deployed on the sites we support. In fact growing and developing our future leaders and technical experts is a key part of our strategy. The full range of career options are available across all disciplines and supported by world class management development and career coaching programmes. We sum this up in an approach we call our ‘2G’ Virtuous Cycle – ‘Growing the Business by Growing our Staff’. 10 In the highly competitive and successful Energy sector we face the challenge of a skills shortage, and we play our full part in replenishing skills through our renowned Graduate Trainee and Apprenticeship schemes, now taking record numbers of new entrants and training them for the future. Those on the Graduate schemes develop their knowledge and competencies by following structured programmes which take them through a series of placements in different functions and locations, including the opportunity to experience working overseas. These schemes are fully accredited by the Chartered Institutions, which means we can continue to grow our pool of recognised, professional experts. As an organisation we ensure we extend our support to the local communities in which we operate. We have partnerships with schools and universities so we can share some of our knowledge and time with the next generation. An example of this was our sponsorship of an Energy Workshop at Imperial College, London. Here teams of students from various secondary schools engaged in activities to look at energy and environmental issues affecting the world. We also support local charitable organisations, teams and individuals to ensure others outside the organisation can benefit from our resources and staff. Indeed with all of the opportunities for growth and development ahead of us, our diverse and talented workforce can enjoy the highest technical and professional job satisfaction and look forward to the brightest of futures with Doosan Babcock.
Description Page DOOSAN BABCOCK ENERGY Annual Report and Financial Statements 2007 Top: Maidenbower Football Club, proudly sponsored by Doosan Babcock. Above: Doosan Babcock welder, Stuart Greer, meets UK Prime Minister Gordon Brown. Stuart represented the UK in the 2007 World Skills Championship in Japan.* *© Crown copyright material is reproduced with the permission of the Controller of HMSO and Queen's Printer for Scotland. 11
Page 1 and 2: Annual Report and Financial Stateme
Page 3 and 4: Financial Highlights * ORDER INTAKE
Page 5 and 6: An international presence From Atla
Page 7 and 8: On 14 December 2006 the Korean corp
Page 9 and 10: Our subsidiaries in Germany and Pol
Page 11: We are expanding and developing our
Page 15 and 16: Board of Directors Gee Won Park Dir
Page 17 and 18: Five Year Summary Major Growth The
Page 19 and 20: The major uncertainty in terms of t
Page 21 and 22: Independent auditors' report to the
Page 23 and 24: Consolidated balance sheet as at 31
Page 25 and 26: Consolidated cash flow statement fo
Page 27 and 28: Notes to the financial statements 1
Page 29 and 30: 2. Geographical analysis DOOSAN BAB
Page 31 and 32: (b) Operating profit is stated afte
Page 33 and 34: 4. Employees and directors (continu
Page 35 and 36: 4. Employees and directors (continu
Page 37 and 38: 7. Intangible fixed assets DOOSAN B
Page 39 and 40: 8. Tangible fixed assets (continued
Page 41 and 42: 9. Fixed asset investments (continu
Page 43 and 44: 14. Provisions for liabilities (con
Page 45 and 46: 18. Cash flow (a) Reconciliation of
Page 47 and 48: 19. Analysis of changes in net fund
Page 49 and 50: 23. Reconciliation of movements in
Page 51 and 52: Contacts Main Offices Global Headqu

Description Page - Doosan Power Systems

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