Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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4 DOUGLAS HOLDING AG Mission Statement Letter to the Shareholders Executive Board Corporate Governance Report of the Supervisory Board DOUGLAS Share Impressions Human Resources EXECUTIVE BOARD AND DIRECTORS Dr. Henning Kreke President and CEO since 2001 Anke Giesen Dr. Burkhard Bamberger Chief Human Resources Officer CFO since 2009 since 2006 Manfred Kroneder Director of the Jewelry, Fashion and Confectionery Divisions since 2008 Michael Busch Director of the Books Division since 2003 Reiner Unkel Director of the Perfumeries Division since 2007
CORPORATE GOVERNANCE DOUGLAS HOLDING AG First established in 2000 and updated several times since, the principles of Corporate Governance in effect at DOUGLAS HOLDING AG – like the requirements, recommendations and proposals for responsible corporate governance specified in the German Corporate Governance Code – form a constituent component of the Group’s corporate culture. The Corporate Governance principles adopted by DOUGLAS HOLDING AG help to ensure that the DOUGLAS Group is managed and controlled in a responsible manner which is designed to create value. Corporate Governance generates transparency and openness, respect for the interests of shareowners, fairness to customers and employees and efficient and trusting cooperation between the Executive and Supervisory Boards, with the goal of producing a sustained increase in value within the DOUGLAS Group. Compliance with the applicable versions of the DOUGLAS Principles of Corporate Governance and the German Corporate Governance Code is monitored by a compliance officer specially appointed by the Supervisory Board. Implementation of Code Recommendations The changes made to the German Corporate Governance Code on May 26, 2010 from the Federal Commission of the German Corporate Governance Code have been implemented by DOUGLAS HOLD- ING AG except for the postal ballot. In the composition of the Executive Board, the Supervisory Board already provided in the past for a proper consideration of female executives early on with the first time appointment of a female executive on the Executive Board back in 2000. The same holds true for the Supervisory Board, in which women have been represented for decades. In addition, due care is taken that the members possess the required knowledge, skills and professional experience needed for the proper performance of their duties. This also applies to next year’s election of four representatives from the shareholder side. The proposed candidates possess special knowledge, skills and experience in areas of great importance to the specialty retail business of DOUGLAS HOLDING AG. This spectrum extends from Mission Statement Letter to the Shareholders Executive Board Corporate Governance Report of the Supervisory Board DOUGLAS Share Impressions Human Resources international marketing expertise to subjects such as real estate management and capital market experience. The aim is to assist the Executive Board as best as possible in its responsibilities and challenges with know-how, experience and advice. This applies in particular to issues arising from new developments, which cannot be drawn on personal experience. During the 2009/10 fiscal year, the Executive and Supervisory Boards of DOUGLAS HOLDING AG again demonstrated full compliance with the recommendations and proposals of the most recent version of the German Corporate Governance Code (DCGK) except for the three items listed below: 1. The DOUGLAS HOLDING AG is refraining from the option of postal voting at the 2011 Annual Shareholders’ Meeting (No. 2.3.3. DCGK Code). Given the high attendance at the Annual Shareholders’ Meeting and the shareholder structure, the additional costs to be incurred would be disproportionate to the expected voting turnout by postal vote. Also, the postal vote does not offer any perceived added value to the shareholders in the personal exercise of their rights against the written proxy offered by the DOUGLAS HOLDING AG up to the date of the Annual Shareholders’ Meeting. Instead the DOUGLAS HOLDING AG is investing in an electronic voting system that facilitates the casting of votes at the Annual Shareholders’ Meeting and shall provide for a faster determination of the voting results. 2. Although the DOUGLAS HOLDING AG’s fiscal year ends on September 30, the publication of its consolidated financial statements does not take place prior to the close of that calendar year (12/31), but rather in January of the following 5
Page 1 and 2: Annual Report 2009/10 Excellence in
Page 3 and 4: U3 DOUGLAS HOLDING AG 1 DOUGLAS HOL
Page 5 and 6: MISSION STATEMENT DOUGLAS HOLDING A
Page 7: to within the foreseeable future. A
Page 11 and 12: 167 168 component of the Chief Huma
Page 13 and 14: Dr. Dr. h.c. Jörn Kreke, Chairman
Page 15 and 16: Fig. 3 Fig. 2 · Maximum and minimu
Page 17 and 18: from Executive Board speeches as we
Page 19 and 20: IMPRESSIONS October 2009 With Dougl
Page 21 and 22: June 2010 Hussel pilots a “new wo
Page 23 and 24: DOUGLAS HOLDING AG 19 Mission State
Page 25 and 26: Valued for their reading tips: Mari
Page 27 and 28: seminar at the Zeppelin University
Page 29 and 30: DOUGLAS HOLDING AG Mission Statemen
Page 31 and 32: MANAGEMENT REPORT CONTENTS Manageme
Page 33 and 34: KEY RESULTS IN THE 2009/10 FISCAL Y
Page 35 and 36: All five retailing divisions combin
Page 37 and 38: Fig. 1 · Targets and results Targe
Page 39 and 40: ahead at the positive economic outl
Page 41 and 42: In the fiscal year, Douglas opened
Page 43 and 44: The operating earnings in the Books
Page 45 and 46: Fig. 6 · Development of capital ex
Page 47 and 48: lining, which had a liquidity effec
Page 49 and 50: DOUGLAS HOLDING AG The DOUGLAS HOLD
Page 51 and 52: INTERNAL CONTROL SYSTEM AND KEY SUC
Page 53 and 54: DVA calculation Based on the premis
Page 55 and 56: Fig. 14 · Employees by division Ch
Page 57 and 58: development of highly qualified emp
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Corporate responsibility is also an
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“La Margerita” in organic quali
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Information technology opportunitie
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The data transferred is then automa
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The existing risks both as individu
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in most industrial countries, the s
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cialty retail stores forms a solid
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By relaunching its online presentat
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DIVISIONS CONTENTS 72 Perfumeries 8
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THE WORLD OF BEAUTY First, the good
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Nowy Sa˛ cz, Poland, October 2009
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Natalia Wörner and Michael Michals
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showpiece: “Hilfiger Woman” - a
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Stress-free shopping: Douglas - her
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Established the first-ever Douglas
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Austria’s first multi-channel boo
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Divisions Thalia · Books 87 Tradit
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Thalia in Figures employees, who su
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Capturing the imaginations of Dortm
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Pear shape Round brilliant shape Pr
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Nadia Iram Christ, Frankfurt (Zeil)
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Christ: more than ever before. Empl
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FASHIONS, TOP BRANDS, MULTI-CHANNEL
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Whether her style is casual or clas
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merchandising program, enabling App
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During the 2009/10 financial year H
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Impeccably showcased products: the
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Hussel in Figures Aschaffenburg is
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FINANCIAL STATEMENTS CONTENTS 112 F
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CONSOLIDATED INCOME STATEMENT for t
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STATEMENT OF CHANGES IN GROUP EQUIT
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Financial statements Facts & figure
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NOTES TO THE CONSOLIDATED FINANCIAL
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IAS 23 “Borrowing Costs” In Mar
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public sector have been expanded. T
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Group of Consolidated Companies Ger
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At-equity consolidation 09/30/2010
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5. Accounting and valuation princip
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Financial assets denominated in a f
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issued for speculative purposes. De
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NOTES TO THE INCOME STATEMENT 6. Sa
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11. Investment result In the previo
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15. Income taxes Income taxes 2009/
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Intangible assets - Fiscal year 200
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Property, plant and equipment - Fis
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Finance leases As of the balance sh
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Carrying amounts of goodwill and in
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accounts. The write-downs on trade
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23. Assets and liabilities held for
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of the fiscal year, which are then
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essary information, this plan is qu
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Statement of changes in current pro
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Cash and cash equivalents are compr
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31. Fair Values of financial instru
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All financial liabilities existing
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Financial liabilities In the 2006/0
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There were no receivables from rela
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Expenses for auditor’s fees In ac
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Significant shareholdings No. Name
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Prof. Dr. Mark Wössner Entrepreneu
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FURTHER INFORMATION CONTENTS 176 Ov
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Overview of the past several years
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Fair Value Amount at which an asset
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www.douglas.de www.thalia.de · www
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Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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