Annual Report 2011-2012 Table of contents A word from our Chairman and CEO 1 Gimv at a glance 4 Highlights 2011-2012 6 Results and key figures 12 Buyouts & Growth 16 Overview Buyouts & Growth-portfolio incl. Gimv-XL 20 Venture Capital 27 Overview Venture Capital-portfolio 31 Funds & Joint Ventures 38 Share and shareholders 40 Human capital 43 Occurrences after closing of the financial year and prospects 45 Corporate governance statement 46 Board of Directors 46 Members 46 Composition 50 Operation 51 Evaluation 52 Remuneration 52 Guidelines and code of conduct 52 Advisory committees within the board of directors 52 Audit Committee 52 Remuneration Committee 54 Nomination Committee 54 Management Committee 55 Members 55 Evaluation 56 Remuneration 56 Share ownership 56 Partners' council 57 Capital 59 Internal control and risk management 60 Remuneration report 63 External audit 68 Annual accounts 69 Limited consolidation 71 1 Consolidated income statement 71 2 Consolidated balance sheet 72 3 Changes in equity 74 4 Simplified cash flow statement 77 5 Main valuation rules 77 6 Explanation income statement 77 7 Explanation balance sheet 81 The consolidated financial statements are expressed in thousands of euros unless otherwise mentioned. Gimv NV Good company for companies T +32 3 290 21 00 | F +32 3 290 21 05 | @
[email protected] www.gimv.com Karel Oomsstraat 37, 2018 Antwerpen, Belgium Annual Report 2011-2012 8 Auditor's statement 84 Statutory consolidation 85 1 Consolidated income statement 85 2 Consolidated balance sheet 86 3 Changes in equity