DOCSLIB.ORG

„Rsrapp 2002 Engelsk Ny Til

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
„Rsrapp 2002 Engelsk Ny Til NORSKE SKOG Annual Report 2002 JAN REINÅS: Uses downturn to strengthen Norske Skog THE RESULT: Weak markets for publication paper, sound financial position OPERATIONS: Weak demand and reduced production. Asia is a bright spot. FUTURE PROSPECTS: Weak markets also first half of 2003 HEALTH AND SECURITY: Strong results in 2002 ENVIRONMENT: High priority also during improvements Main financial figures Norske Skog was established in 1962, and the first newsprint machine came THIS IS NORSKE SKOG on line in 1966. Acquisitions, con- NOK million 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1. Profit and loss account struction of new capacity and mergers Operating revenue 23 471 30 354 26 635 18 054 14 908 13 312 13 265 12 548 9 170 7 338 Norske Skog is the world’s second made the Company the undisputed Operating earnings 1 306 5 096 4 211 2 129 1 780 1 083 1 916 2 500 732 299 largest producer of publication paper, leader of Norway’s paper and pulp Earnings for the year 1 162 2 494 1 958 1 300 1 020 590 1 317 1 699 206 -47 with 24 wholly and partly owned mills industry during the 1970’s and 1980’s. in 15 countries on five continents. In the 1990’s Norske Skog built a 2. Main financial figures Norske Skog has a 13% share of the strong European platform through Cash flow from operating activities 3 687 7 052 4 922 2 162 2 859 1 615 2 616 2 555 866 492 global market for newsprint and maga- acquisitions and new plant construc- Depreciation 3 292 3 323 2 388 1 689 1 323 1 140 1 132 832 616 552 zine paper. tion in Norway, France, Austria and Investments in operational fixed assets 1 146 1 422 1 351 1 154 3 983 1 814 1 053 926 565 1 127 the Czech Republic. Since 2000 the Gearing 1.02 1.18 0.92 0.65 0.71 0.45 0.63 0.61 0.67 1.13 VISION: Norske Skog shall be a leading company has become a leading global player, with activities in Asia, North 3. Profitability international paper and pulp company. Gross operating margin % 19.6 27.7 24.8 21.1 20.8 16.7 23.6 26.6 14.7 11.6 America, South America and Return on capital employed % 4.7 13.7 13.1 11.0 11.7 8.4 15.9 25.4 8.3 3.4 GOAL: Norske Skog shall create value Australasia as well. Since 1999 the for shareholders on a par with the best Company has divested about 40 units 4. Shares and shareholder structure companies in the sector. outside its core area, and is now virtu- Net earnings per share after tax 8.79 20.68 19.17 14.01 11.36 6.94 16.99 22.01 2.88 -0.74 ally 100% concentrated on publica- Net earnings per share after full conversion 8.79 20.68 19.17 14.01 11.36 6.94 15.10 19.33 3.21 0.69 STRATEGY: Concentration on the core tion paper. Equity per share 133.43 146.66 218.04 126.17 111.71 107.34 99.19 84.82 66.21 108.14 area publication paper, profitable During 1992-2002 operating rev- growth in important markets, cost- enue grew from NOK 7.6 billion to efficient production. NOK 23.5 billion, and its market ca- pitalisation from NOK 1.8 billion to Main figures per area NOK 13 billion. NOK million 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 Europe Corporate management PRESIDENT AND CEO Operating revenue 14 087 14 219 13 229 12 102 10 539 9 284 9 493 8 066 5 831 4 731 Operating earnings 1 189 3 247 2 266 1 809 1 946 1 134 2 078 1 708 454 469 Jan Reinås Operating margin % 8.4 22.8 17.1 14.9 18.5 12.2 21.9 21.2 7.8 9.9 CORPORATE STRATEGY CORPORATE FINANCE North America SENIOR VICE PRESIDENT AND DEPUTY CEO SENIOR VICE PRESIDENT AND CFO Operating revenue – 5 455 4 157––––––– Jan A. Oksum Jan Kildal Operating earnings – 329 529––––––– Operating margin % – 6.0 12.7––––––– CORPORATE COMMUNICATION CORPORATE HR AND ORGANISATION SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT South America Hanne Aaberg Rolf Negård Operating revenue 1 107 1 939 1 035––––––– Operating earnings -9 473 231––––––– PRODUCTION SALES & MARKETING SUPPLY & LOGISTICS AUSTRALASIA SOUTH AMERICA Operating margin % -0.8 24.4 22.3––––––– SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT EXEC. VICE PRESIDENT EXEC. VICE PRESIDENT 1 Claes-Inge Isacson Jarle Dragvik Ketil Lyng David Kirk Vider Lerstad Australasia Operating revenue 3 807 4 473 2 801––––––– Operating earnings 546 725 545––––––– CORPORATE MANAGEMENT Operating margin % 14.3 16.2 19.5––––––– EUROPE SOUTH AMERICA AUSTRALASIA PARTIALLY OWNED COMPANIES Norske Canada Asia 9 mills 3 mills 3 mills 4 mills 3.8 million tonnes 440 000 tonnes 945 000 tonnes 1.9 mill. tonnes publication paper Operating revenue 2 688 2 434 2 572 1 988 485––––– publication paper publication paper publication paper Ownership share 30.6% Operating earnings 562 616 526 336 61––––– PanAsia Operating margin % 20.9 25.3 20.5 16.9 12.6––––– 4 mills 1.46 million tonnes publication paper Other activities Ownership share 50% Operating revenue 1 931 2 319 3 881 4 132 4 037 4 043 3 800 4 504 3 546 2 756 Malaysian Newsprint 1 Industries Operating earnings 47 98 372 37 -90 33 -100 778 324 -102 David Kirk resigned his position in Norske Skog with effect from 3 March 2003. 1 mill Operating margin % 2.4 4.2 9.6 0.9 -2.2 0.8 -2.6 17.3 9.1 -3.7 250 000 tonnes publication paper Ownership share 34% Uses downturn to Weak stock markets Weak demand for Norske Skog Annual report View on strengthen Norske publication paper assumes environment Skog responsi- bility New organisation strengthens competitiveness 10 26 42 52 56 94 sidentContents and CEO Jan Reinås. Dividend of NOK 6 per share. Increase in Asia and stability in Australasia. Openness, honesty and co-operation. Results are more than economics. Sound financial position despite weak results. With sustainable development in focus. Introduction Capital market information Review of Operations Management and Annual report Environmental report organisation Norske Skog is using the downturn to beco- Wea k markets, but high trading volume of Increase in demand for publication paper in Norske Skog has well functioning internal Wea k demand and a strong Norwegian Environment is highly prioritised in me an even stronger and better supplier of Norske Skog's shares. Read more about the Asia and stable in Australasia despite a de- governance and control mechanisms. krone had a significant negative effect on Norske Skog. Read more about our envi- publication paper. CEO Jan Reinås promises stock market, investor relations and risk cline in global demand.You will find more Read more about the corporate bodies Norske Skog’s result for 2002. Read more ronmental performance on pages 94-111. a competitive and strong Norske Skog. management on pages 10-25. details concerning Norske Skog's 24 wholly managing Norske Skog on pages 42-51. about the results and future prospects on 94 Environment through the entire 2 Satisfactory development - 10 Weak stock markets in 2002 and partly owned companies on pages 26- 42 New organisation strengthens pages 56-93. value chain despite recession 12 Shareholder information 41. competitiveness 56 Annual report 96 With sustainable development in 4 This happened in 2002 14 Investor relations shall help achieve 26 Weak demand for publication paper 44 Company bodies and management 58 The Board of director’s report focus 5 2002 in summary correct pricing of Norske Skog shares 28 The world of Norske Skog 46 Remuneration 66 Consolidated accounts 2002 97 Norske Skog’s environmental policy 6 Improvement 2003 15 Shares and share capital 30 Europe 47 Members of corporate bodies 68 Notes consolidated accounts 98 Process and main figures for wholly- 8 Norske Skog 40 years old 15 Trading in Norske Skog shares 34 South America 48 The Board of Norske Skog 86 Accounts 2002 Norske owned mills 15 Share savings scheme and 36 Australasia 50 Norske Skog’s corporate Skogindustrier ASA 100 Raw material consumption incentive system 38 PanAsia management 88 Notes Norske Skogindustrier ASA 102 Energy consumption 16 The stock market in 2002 38 Malaysian Newsprint Industries 93 Auditor's report for 2002 104 Discharge from production 16 40 years of Norske Skog shares 39 NorskeCanada 93 The Corporate Assembly's state- 108 Mill figures 18 Financing and liquidity 40 We are like brothers ment to the General Meeting 110 Environment-related costs 20 Risk management in Norske Skog Social responsibility 111 About the report 22 Production capacities 111 Independent accountant's report 23 Main financial figures To Norske Skog sust ainable development 24 Principal shareholders means achieving results not only with 112 Glossary 25 Key figures related to shares regard to the traditional, financial bottom line. The Company is also focusing on envi- ronmental and social conditions. Read more about our engagement on pages 52-55. 52 Norske Skog assumes responsibility Photo front page: The newsprint mill in Golbey, France, is 10 years in 2003. Virginie Cholez (25) has been educated at the mill and is today a machine operator. She hopes for a future at Norske Skog. Introduction Satisfactory development – despite the recession Norske Skog continued to implement its development plan IMPROVEMENT DRIVE most efficient solutions are designed to during 2002.
Load more

Recommended publications
  • Sustainability Report 2019 Contents
    SUSTAINABILITY REPORT 2019 CONTENTS INTRODUCTION Norske Skog - The big picture 3 Strategic vision and concerns 4 Value chain 5 CEO’s comments 6 THE UN SUSTAINABLE DEVELOPMENT GOALS 8 SDG 3 – God health and well-being 9 SDG 4 – Quality education 10 SDG 5 – Gender equality 12 SDG 6 – Clean water and sanitation 14 SDG 7 – Affordable and clean energy 15 SDG 8 – Decent work and economic growth 16 SDG 9 – Industry, innovation and infrastructure 18 SDG 10 – Reduced inequalities 19 SDG 11 – Sustainable cities and communities 20 SDG 12 – Responsible consumption and production 21 SDG 13 – Climate action 24 SDG 15 – Life on land 26 SDG 16 – Peace, justice and strong institutions 28 Consistent quality 29 Renewed trust 30 Editor-in-chief: Martine Bortolotti, Norske Skog Golbey Drafting of content: Stepping Stones, Strasbourg / Norske Skog Golbey Graphic design and creation: bk.no Photo credits: Alain Bonis, Grégory Brandel GRDF, Communication Communauté d’agglomération d’Épinal, Léo-Pol Jacquot, Adrien Kurtz, JL CD88, Michel Laurent, Groupe Maury, Benoit Rajaux, Christophe Voegelé, Norske Skog Golbey photo library Paper: Lenza top recycling white Printing: Deklic Graphique Norske Skog Golbey BP 109, Route Jean-Charles Pellerin, 88194 Golbey cedex, France http://norskeskog-golbey.com/ You can help improve this report by sending your comments to this address: [email protected] Follow us: Linkedin / Facebook / Twitter Date of publication: April 2020 NORSKE SKOG ASA PAPER MILLS 6 IN 5 COUNTRIES Skogn, Norway Saugbrugs, Norway Golbey, France Bruck,
    [Show full text]
  • „Rsrapp 2002 Norsk Ny Til
    NORSKE SKOG Årsrapport 2002 JAN REINÅS: Utnytter dårlige tider til å styrke Norske Skog RESULTATET: Svake markeder for trykkpapir, solid finansiell posisjon VIRKSOMHETEN: Asia et lyspunkt. Lavere etterspørsel og redusert produksjon UTSIKTENE FREMOVER: Svake markeder også i første halvår 2003 HELSE OG SIKKERHET: Sterk fremgang i 2002 MILJØ: Høy prioritet også i omstillingsfasen Hovedtall konsern Millioner kroner 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 Dette er Norske Skog Norske Skog ble etablert i 1962 og den 1. Resultat konsern første avispapirfabrikken ble satt i Driftsinntekter 23 471 30 354 26 635 18 054 14 908 13 312 13 265 12 548 9 170 7 338 Norske Skog er verdens nest største drift i 1966. Kjøp, nyanlegg og fusjon- Driftsresultat 1 306 5 096 4 211 2 129 1 780 1 083 1 916 2 500 732 299 produsent av trykkpapir med 24 hel- og er gjorde selskapet til det klart Årsresultat 1 162 2 494 1 958 1 300 1 020 590 1 317 1 699 206 -47 deleide fabrikker i 15 land i fem ver- ledende i norsk treforedlingsindustri i densdeler. Norske Skog har en andel på løpet av 1970- og 80-årene. I 1990- 2. Finansielle hovedtall 13% av det globale markedet for avis- årene bygde Norske Skog en sterk Kontantstrøm fra drift 3 687 7 052 4 922 2 162 2 859 1 615 2 616 2 555 866 492 og magasinpapir. europeisk plattform gjennom kjøp og Avskrivninger 3 292 3 323 2 388 1 689 1 323 1 140 1 132 832 616 552 nyanlegg i Norge, Frankrike, Østerrike Investeringer 1 146 1 422 1 351 1 154 3 983 1 814 1 053 926 565 1 127 Netto rentebærende gjeld / egenkapital 1,02 1,18 0,92 0,65 0,71 0,45 0,63 0,61 0,67 1,13 VISJON: Norske Skog skal være et og Den tsjekkiske republikk.
    [Show full text]
  • Annual Report Contents
    2014 ANNUAL REPORT CONTENTS SUMMARY AND PRESENTATION 3 3 Key figures 3 Norske Skog 2014 4-5 CEO’s comments 6 Short stories 8-11 Board of Directors 12 Corporate Management 13 CORPORATE SOCIAL RESPONSIBILITY 15 15 Norske Skog and local communities 19 Key figures - employees 2014 20 Paper production 22 Production capacity 22 Evaluation of our environmental performance 23 Sustainable raw materials 24 Energy consumption 26 Norske Skog’s greenhouse gas emissions 27 Our carbon footprint 28 Continuously improving our production processes 29 Water 31 Emissions to air and discharge to water 32 Mill figures 34 Independent auditor’s report 36 Environment and corporate social responsibility reporting 36 REPORT OF THE BOARD OF DIRECTORS 38 38 Organisation 40 CONSOLIDATED FINANCIAL STATEMENTS 42 42 Notes to the consolidated financial statements 50 FINANCIAL STATEMENTS NORSKE SKOGINDUSTRIER ASA 96 96 Notes to the financial statements 102 Independent auditor’s report 116 Declaration from the board of directors and CEO 118 CORPORATE GOVERNANCE 120 120 Shares and share capital 124 SUMMARY AND PRESENTATION 126 126 Key figures related to shares 126 Articles of Association for Norske Skogindustrier ASA 128 Design and layout: pan2nedesign.no // Tone Strømberg Print: 07 Aurskog Paper: Norcote Trend 90 g/m2 - Norske Skog Photo and editor: Carsten Dybevig All images are Norske Skog’s property and should not be used for other purposes without the consent of the communication dept. of Norske Skog KEY FIGURES DEFINITIONS 2014 2013 2012 2011 2010 2009 INCOME STATEMENT
    [Show full text]
  • Skap Innen Treforedlingsindustrien. Mål: Norske Skog Skal Skape
    Dette er Norske Skog Mountain High Maps ® Copyright © 1993 Digital Wisdom, Inc. Papir-/massefabrikker Salgsselskaper Salgsrepresentanter Visjon: Norske Skog skal være et ledende internasjonalt sel- skap innen treforedlingsindustrien. Mål: Norske Skog skal skape økonomiske verdier for eierne på høyde med de beste treforedlingsselskapene. Strategi: Konsentrasjon om kjerneområdet treholdig trykk- papir (avis- og magasinpapir), lønnsom vekst gjennom fort- satt internasjonalisering. Virksomhet: Norske Skogs industrielle virksomhet omfatter trykkpapir med ca. 90% av driftsinntektene, og produksjon av markedsmasse. • Norske Skog er verdens fjerde største leverandør av avis- papir og den nest største i Europa. Virksomheten innen trykkpapir er organisert i to forretningsområder: Område Papir Europa omfatter sju heleide fabrikker i Norge, Frankrike, Østerrike og Tsjekkia. Fire deleide bedrifter i etter magasinpapir øker sterkest for glansede, såkalte Kina, Korea og Thailand inngår i Område Internasjonal. bestrøkne kvaliteter. Samlet kapasitet er 2,5 millioner tonn avispapir og 800.000 tonn magasinpapir. Område Fiber omfatter to fabrikker med en samlet kapasitet på 480.000 tonn markedsmasse i et totalmarked på ca. 35 • Verdens samlede etterspørsel etter papir ventes å øke fra millioner tonn og en mindre fabrikk for spesialpapir. 300 millioner tonn i dag til over 420 millioner tonn i 2010. Dette tilsvarer en gjennomsnittlig vekstrate på 2,8%/år. For Norske Skog har en solid finansiell basis med samlede eien- avispapir ventes en vekst på nærmere 2%/år, for magasin- deler på 24.914 millioner kroner og en egenkapitalandel på papir på 2-3,5%/år. 47,1%. • Behovet for trykkpapir påvirkes av den økonomiske aktivi- I løpet av 1999 økte konsernet sin kapasitet for trykkpapir teten i markedet og annonseinntektene til trykte media.
    [Show full text]
  • Department of Justice Antitrust Division
    Tuesday, June 10, 2008 Part III Department of Justice Antitrust Division United States v. Abitibi-Consolidated Inc. et al.; Response to Public Comment on the Proposed Final Judgment; Notice VerDate Aug<31>2005 17:35 Jun 09, 2008 Jkt 214001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\10JNN2.SGM 10JNN2 rwilkins on PROD1PC63 with NOTICES2 32834 Federal Register / Vol. 73, No. 112 / Tuesday, June 10, 2008 / Notices DEPARTMENT OF JUSTICE Judgment after the Comment and this the course of the Department’s Response have been published in the investigation into the proposed merger, Antitrust Division Federal Register, pursuant to 15 U.S.C. the NAA shared with the investigative 16(d). staff its concerns about the impact of the United States v. Abitibi-Consolidated The United States filed a civil proposed merger on competition; the Inc. et al.; Response to Public antitrust Complaint under Section 15 of investigative staff carefully analyzed its Comment on the Proposed Final the Clayton Act, 15 U.S.C. 25, on concerns and submissions, as well as Judgment October 23, 2007, alleging that the the data, market facts and opinions of Pursuant to the Antitrust Procedures merger of Abitibi-Consolidated other knowledgeable parties. and Penalties Act, 15 U.S.C. 16(b)–(h), Incorporated (‘‘Abitibi’’) and Bowater The Department concluded that the the United States hereby publishes the Incorporated (‘‘Bowater’’) would violate combination of Abitibi and Bowater public comment received on the Section 7 of the Clayton Act, 15 U.S.C. likely would lessen competition in the proposed Final Judgment in United 18.
    [Show full text]
  • Annual Report
    Future on Paper NORSKE SKOG ANNUAL07 REPORT MAIN FINANCIAL FIGURES DEFINITIONS 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 Profit and loss account (NOK mill) Operating revenue 27 118 28 812 25 726 25 302 24 068 23 471 30 354 26 635 18 054 14 908 Gross operating earnings 1 8 395 3 932 4 220 4 303 4 686 5 198 8 419 6 599 3 818 3 103 Operating earnings 677 (2 527) 630 757 1 536 1 306 5 096 4 211 2 129 1 780 Earnings before financial expenses 2 785 (2 275) (51) 868 1 383 1 833 5 581 4 575 2 252 1 948 Earnings before taxation 235 (3 480) (1 004) 210 770 806 3 894 3 021 1 825 1 417 Earnings for the year (618) (2 809) (854) 621 402 1 162 2 494 1 958 300 1 020 Balance sheet (NOK mill) Fixed assets 29 307 37 577 43 740 36 861 39 219 38 197 45 417 43 717 18 828 17 586 Current assets 13 953 7 653 8 293 7 238 7 119 6 769 10 855 17 510 6 086 6 663 Total assets 43 260 45 230 52 033 44 099 46 338 44 966 56 272 61 227 24 914 24 249 Shareholder’s equity incl. minority int. 15 957 18 550 22 679 18 894 19 416 17 921 19 526 22 351 11 727 10 029 Long term debt 21 533 18 802 21 700 20 052 21 402 18 814 30 858 31 906 9 021 9 564 Current liabilities 5 770 7 878 7 654 5 153 5 520 6 210 5 888 6 970 4 166 4 656 Total liabilities and shareholder’s equity 43 260 45 230 52 033 44 099 46 338 42 945 56 272 61 227 24 914 24 249 Net interest bearing debt 16 409 17 321 19 063 16 871 17 759 18 204 22 820 20 535 7 618 7 082 Profitability Gross operating margin % 3 30.9 13.6 16.4 17.0 19.5 22.1 27.7 24.8 21.1 20.8 Net operating margin % 4 2.5 (8.8) 2.4 3.0 6.3 5.6 16.8
    [Show full text]
  • Technology of Pulping and Paper Making
    11 Technology of pulping and paper making This section presents an overview of the technology used in pulping and paper- making in Australia and New Zealand. It is designed to provide basic and generalised information to assist those readers not familiar with the processes. A glossary of commonly used terms is also provided in this section. 54 Australia & New Zealand Pulp & Paper Industry Guide 2015 Pulping & paper making technologies Details of the pulping technologies and steps in the paper-making process in Australia and New Zealand are presented in this section along with a glossary of terms commonly used in the industry. A basic illustration of a chemical pulp mill and integrated paper machine is shown in Figure 7. Figure 7 An illustration of an integrated chemical pulp mill and paper machine. Pulp mills can vary considerably, however the paper-making process is relatively constant across all grades of paper. Image: www.gunter.wordpress.com Fibre treatment The Australian and New Zealand paper industries have some fundamental differences and these, to a large extent, determine both the end products and the technologies used in processing. Cellulose fibres make up most of the woody mass of a Technology of tree. It is these fibres that are used in paper-making. In its simplest description, the fibres are ‘glued’ together by lignin, a complex organic polymer of varying composition, pulping and and this makes up wood (Fig. 8). Almost all the fibre used in both countries originates from paper making wood, either long-fibred softwood (generally pine) or short-fibred hardwood (generally eucalypt) trees.
    [Show full text]
  • Regional Strategies to Meet Globalization: How Single Plants Innovate Together to Remain Viable and Secure Employment
    www.ssoar.info Regional Strategies to Meet Globalization: How Single Plants Innovate together to Remain Viable and Secure Employment. The Grenland Industrial Cluster and Telemark Qvale, Thoralf Ulrik Veröffentlichungsversion / Published Version Zeitschriftenartikel / journal article Zur Verfügung gestellt in Kooperation mit / provided in cooperation with: Rainer Hampp Verlag Empfohlene Zitierung / Suggested Citation: Qvale, T. U. (2008). Regional Strategies to Meet Globalization: How Single Plants Innovate together to Remain Viable and Secure Employment. The Grenland Industrial Cluster and Telemark. International Journal of Action Research, 4(1+2), 114-154. https://nbn-resolving.org/urn:nbn:de:0168-ssoar-412989 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer Deposit-Lizenz (Keine This document is made available under Deposit Licence (No Weiterverbreitung - keine Bearbeitung) zur Verfügung gestellt. Redistribution - no modifications). We grant a non-exclusive, non- Gewährt wird ein nicht exklusives, nicht übertragbares, transferable, individual and limited right to using this document. persönliches und beschränktes Recht auf Nutzung dieses This document is solely intended for your personal, non- Dokuments. Dieses Dokument ist ausschließlich für commercial use. All of the copies of this documents must retain den persönlichen, nicht-kommerziellen Gebrauch bestimmt. all copyright information and other information regarding legal Auf sämtlichen Kopien dieses Dokuments müssen alle protection. You are not allowed to alter this document in any Urheberrechtshinweise und sonstigen Hinweise auf gesetzlichen way, to copy it for public or commercial purposes, to exhibit the Schutz beibehalten werden. Sie dürfen dieses Dokument document in public, to perform, distribute or otherwise use the nicht in irgendeiner Weise abändern, noch dürfen Sie document in public.
    [Show full text]
  • Annual Report 2010 Norske Skog Norwegian Paper Tradition 2 Summary and Presentation – Norske Skog
    annual report 2010 norske skog norwegian paper tradition 2 Summary and preSentation – norske skog KEY FIGURES DEFINITIONS 2010 2009 2008 2007 2006 2005 INCOME STATEMENT operating revenue 18 986 20 362 26 468 27 118 28 812 25 726 gross operating earnings 1 1 413 2 185 2 723 3 932 4 704 3 957 operating earnings -2 379 -1 325 -1 407 677 -2 527 630 net profit/loss for the year -2 469 -1 400 -2 765 -683 -3 017 -848 earnings per share (nok) -12.97 -6.36 -14.33 -3.26 -14.84 -5.98 CASH FLOW net cash flow from operating activities 397 1 697 1 977 2 166 2 763 3 061 net cash flow from investing activities 415 -587 2 289 -1 644 -498 -6 014 Cash flow per share (nok) 2.09 8.95 10.43 11.43 14.60 21.42 OPERATING MARGIN AND PROFITABILITY ( %) gross operating margin 2 7.4 10.7 10.3 14.5 16.3 15.4 return on capital employed 3 -3.1 -1.2 0.3 3.0 3.6 2.8 return on equity 4 -22.2 -10.9 -18.7 -4.0 -14.6 -4.1 return on assets 5 -7.5 -3.1 -2.8 1.8 -4.7 -0.1 PRODUCTION / DELIVERIES / CAPACITY UTILISATION production (1 000 tonnes) 3 998 3 895 5 377 6 049 6 078 5 503 deliveries (1 000 tonnes) 4 013 3 894 5 412 6 027 6 106 5 437 production / capacity ( %) 89 79 93 95 92 93 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 31.12.2005 BALANCE SHEET non-current assets 19 271 23 546 26 980 29 307 37 577 43 740 Current assets 10 027 9 609 18 211 13 953 7 653 8 293 total assets 29 297 33 155 45 191 43 260 45 230 52 033 equity 10 183 12 015 13 632 15 957 18 550 22 679 net interest-bearing debt 6 8 889 9 595 14 047 16 408 17 320 19 063 gearing 7 0.87 0.80 1.05 1.05 0.96 0.84 OPERATING REVENUE GROSS OPERATING EARNINGS NET INTEREST-BEARING DEBT MNOK MNOK MNOK AS OF 31 DECEMBER 30 000 5 000 20 000 25 000 4 000 16 000 20 000 3 000 12 000 15 000 2 000 8 000 10 000 5 000 1 000 4 000 0 0 0 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 DEFINITIONS KEY FIGURES 1.
    [Show full text]
  • Satisfactory Profit Improvement Activity Doubled a Strongly Focused Company President and CEO Jan Reinås
    Norske Skogindustrier ASA in 2000 Annual report Norske Skog in 2000: Satisfactory profit improvement Activity doubled A strongly focused company President and CEO Jan Reinås: We shall go further side 3 Introduction NORSKE SKOGINDUSTRIER ASA Contents Introduction This is Norske Skog 1 CEO Jan Reinås 3 Main figures 2000 4 Norske Skog in 2000 6 Annual report The Board of Directors report 10 Accounts 2000 Consolidated 18 Accounts 2000 Norske Skogindustrier ASA 36 Auditor’s report 41 The Corporate Assembly’s statement 41 Governance, remuneration and share ownership Corporate governance 44 Corporate assembly, board of directors and executive staff 45 Remuneration report 46 Corporate management 47 Company Articles 48 Analytic information Print media and the new media - Battleground or peaceful co-existence 50 Key events Norske Skog 1989-99 52 Production capacities 54 Main financial figures 55 Production 1990-2000 56 Basis for value estimates 56 Management of currency and interest rate risk 57 Shares and shareholders Shareholder policy 58 Informing the stock market 59 Share purchase programme and incentive system 61 Principal shareholders as of Dec. 31, 2000 62 Key figures related to shares 63 Review of operations The World of Norske Skog 66 Norske Skog Europe 68 Norske Skog North America 72 Norske Skog South America 75 Norske Skog Australasia 78 Asia 80 New organisation and new governance model 82 Environmental-friendly energy use 82 Glossary 83 Addresses 83 This Anual Report is printed on Norset 65 g from Norske Skog Follum, cover 150 g Linné Natur NORSKE SKOGINDUSTRIER ASA Introduction 1 This is Norske Skog Europe North America South America Australasia Asia Vision Norske Skog is one of the world’s largest producers of Norske Skog shall be paper and the second largest supplier of newsprint.
    [Show full text]
  • NORSKE SKOG 2004 Annual Report
    NORSKE SKOG Annual report 2004 Young readers - the key to our future Name: Bewi “What if there suddenly was nothing to read?” Age:10 Country: Indonesia Name: Linn “There are too many boring mums and dads in the newspapers, but I also Age: 10 see people I know sometimes .” Country: Norway Name: Menaye “Now that I know how to read, I know all the things I need to know in Age: 16 the whole world.” Country: Ghana Name: Hunj Age: 9 “There are too few cartoons in the newspapers.” Country: Vietnam Name: Vitauts Age: 15 “I think I like the sport best when I read newspapers.” Country: Lithuania Name: Tricia “Without letters, we’d have to speak ALL the time.” Age: 8 Country: Tobago Name: Rajiv “If I couldn’t read, I wouldn’t know that half of the world already rides Age: 12 Country: India a bicycle.” Name: Marieke Age: 13 “I get my hands dirty when I read newspapers – I like that!” Country: Netherlands Contents 002 We will be best in class CEO Jan Oksum is staking out the future course for Norske Skog 006 Market Can newspapers survive the texting generation? 010 Nor brand 011 Technical customer service 012 Products 014 Production Leading position in Asia 016 Europe 018 South America 020 Australasia 022 Asia 023 North America 024 The world of Norske Skog 026 Supply & Logistics 028 Research & Development 031 Production capacities 032 Environment Beacon for sustainable development 035 Moving in the right direction 037 Policy 040 Raw material 044 Energy 046 Emission 049 Noise, waste and transport 052 Mill figures 054 Social responsibility Tomorrow’s
    [Show full text]
  • Annual Report
    NNUAL REPORT A 1999 Contents N ORSKE S KOGINDUSTRIER ASA Main financial figures, Group and per area Shareholders' General Meeting This is Norske Skog 1 The ordinary General Meeting will be Norske Skogindustrier ASA Norske Skogindustrier ASA Annual Report 1999 Organisation structure 2 held on Wednesday May 3, 2000 at Norske Skog in 1999 - month by month 3 13 o'clock at Rica Sjølyst Konferanse- Oksenøyveien 80 Goals and tasks in 2000 4 senter, Drammensveien 154, Oslo. Postal address: PO Box 329 The Board Financial information 2000 N-1326 Lysaker Board of Directors’ report 1999 6 Shareholders General Meeting May 3. Telephone: +47 67 59 90 00 Telefax: +47 67 59 91 81 Shares will be listed ex-dividend May 4. Accounts http://www.norske-skog.com Accounts 1999, consolidated 16 Payment of dividend to shareholders Accounts 1999, Norske Skogindustrier ASA 30 who are listed in the company's Auditor’s report 36 register of shareholders as of May 3, The Corporate Assembly’s Statement 36 May 19. Analytic information Publication of quarterly results 2000: Production capacity 38 First quarter May 3 Key events 1989 - 1998 39 Second quarter August 24 Main financial figures 40 Sensitivity / Management of currency and interest rate risks 41 Third quarter November 2 Basis for value estimates 42 Additional information on the Internet Additional financial information con- Shares and shareholders cerning Norske Skog may be found on Shareholder policy, share capital and shareholder structure 44 the Internet Principal shareholders 47 Key figures related to shares
    [Show full text]