Orkla Annual Report 2010 the Orkla Group
Annual Report 2010 Contents Message from the CEO 4 The Board of Directors of Orkla ASA 6 Report of the Board of Directors 8 The Group Executive Board 22 Corporate governance 23 Annual Financial Statements 2010 32 Notes to the Financial Statements 44 Financial Statements for Orkla ASA 81 Historical key figures 90 Asset values 91 Group Directory 92 Organisation 96 Governing bodies and elected representatives 97 Financial calendar For orkla aSa date event 14.04.2011 Annual General Meeting 15.04.2011 Share traded ex. dividend 29.04.2011 Dividend payment 05.05.2011 1st quarter 2011 20.07.2011 2nd quarter 2011 27.10.2011 3rd quarter 2011 THE ORKLA GROUP 3 ORKLA ANNUAL REPORT 2010 The Orkla Group Orkla operates in the branded consumer goods, aluminium solutions, renewable energy, materials and financial investment sectors. Group sales total NOK 57 billion. Orkla has approximately 30,000 employees and operates in approximately 40 countries. • Foods Nordic • Sapa Profiles • Share Portfolio • Brands Nordic • Heat Transfer • Hydro Power • Brands International • Building System • Food Ingredients Operating revenues (NOK million) 23,627 Operating revenues (NOK million) 27,684 EBITA1 (NOK million): 2,967 EBITA1 (NOK million): 744 Number of man-years: 13,918 Number of man-years: 14,239 ¹ Operating profit before amortisation and other income and expenses. KEY FIGURES1 2010 2009 2008 2007 2006 Operating revenues (NOK million) 57,338 56,228 65,579 63,867 52,683 EBITA2 (NOK million) 3,944 2,448 4,240 5,112 5,084 EBITA margin2 (%) 6.9 4.4 6.5 8.0 9.7 Ordinary profit before tax (NOK million) 20 1,071 -2,015 10,059 8,525 Diluted earnings per share (NOK) -0.9 2.5 -2.8 8.1 10.9 Return on capital employed, from industrial activities3 (%) 10.5 5.2 9.4 11.5 13.0 Return on Share Portfolio (%) 31.8 39.0 -45.3 16.2 27.4 Equity ratio (%) 53.6 51.7 47.7 58.3 60.4 1 Figures as reported in 2006-2009.
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