Annual Report 2012 Annual Report

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Annual Report 2012 Annual Report Annual Report 2012 Annual Report The business year 2012 DFS Deutsche Flugsicherung GmbH, Langen Report of the Supervisory Board In the 2012 business year, the Supervisory Board performed its functions as prescribed by law and the Articles of Association. It regularly advised and monitored the Board of Managing Directors and was comprehensively involved in decisions of fundamental importance to the company. In its work, the Supervisory Board was supported by three committees: an audit, a personnel and a project committee. These committees met to intensively discuss decision papers and to prepare resolutions for the Board’s plenary meetings. In the 2012 business year, the composition of the Supervisory Board underwent several changes. On the Shareholder side, Hans-Dieter Poth retired from the Supervisory Board with effect from 27 April 2012. He was succeeded by Ralf Raddatz on 28 April 2012. Professor Klaus-Dieter Scheurle resigned with effect from 18 September 2012. He was succeeded by Michael Odenwald on 27 Sep- tember 2012. On 25 October 2012, Dr Martina Hinricher succeeded Rainer Münz, who had resigned from his position with effect from 30 September 2012. At its 80th meeting on 9 October 2012, the Supervisory Board elected the State Secretary Michael Odenwald as its Chairperson. In addition to comprehensive quarterly reports, the Board of Managing Directors reported to the Supervisory Board on the situation and development of the company in accordance with Article 90 of the German Stock Corporation Law (AktG) at four ordinary and three extraordinary meetings. More- over, the Board of Managing Directors provided the Supervisory Board with ad hoc information about important issues. In addition to the regular deliberations on the quarterly reports on the situation of the company, the Supervisory Board dealt with the following topics: ■ the 2011 annual financial statements, management report and audit report on the 2011 annual financial statements and ■ the economic plan for the years 2013 to 2017 with the associated investment and financial plan. At three extraordinary meetings, the Supervisory Board discussed the restructuring of the distribu- tion of responsibilities among the DFS Managing Directors on the basis of the Shareholder resolu- tions and decided on the changes in the Board of Managing Directors. Furthermore, the Supervisory Board addressed the following key issues: ■ replacement investments in the air traffic management systems in the control centres handling lower airspace within the scope of the P2 programme, ■ new planning of the system project iCAS upper airspace, ■ renewal of the intercom systems, ■ securing the liquidity of DFS, ■ compliance management system, ■ and the cost-cutting programme HEADING 2012. 4 The employment contracts of the Managing Directors Dieter Kaden, Ralph Riedle and Jens Bergmann expired on 31 Decem- ber 2012. The Supervisory Board praised their contribution to the success of the company. The Supervisory Board paved the way for the future and in 2012 decided on the successors to the Managing Directors. As of 1 September, the separate directorate Human Resources Michael Odenwald was established and Dr Michael Hann was appointed Managing Director Human Resources and Labour Director. With effect from 1 January 2013, the Supervisory Board appointed Prof Klaus-Dieter Scheurle as the new CEO and Chairman of the Board of Managing Directors and also assigned him the responsibility for Finance. Robert Schickling, formerly Director of the Business Unit Control Centre at DFS, took over the responsibility for operations and engineering with effect from 1 January 2013. The Supervisory Board is convinced that with this new management DFS is well prepared for the upcoming challenges posed by the difficult situation of the air transport industry and the increasing number of regulatory requirements. The Supervisory Board discussed the 2012 financial statements and the management report with the assistance of the audit report prepared by the auditors RBS RoeverBroennerSusat GmbH & Co. KG in accordance with Article 53 of the German Budgetary Principles Act (HGrG). The comprehensive risk management system established in the company was included in the audit. The auditors participated in the discussions and answered questions, giving an account of the key results of their report. The Supervisory Board found no exceptions to be taken against the audit report and findings submitted by RBS RoeverBroennerSusat GmbH & Co. KG Wirtschaftsprüfungsgesellschaft. The Supervisory Board would like to thank the former Board of Managing Directors, all members of staff and the staff councils for their work in the 2012 business year and for their dedication to the company. The Supervisory Board Michael Odenwald Chairman 5 DFS Deutsche Flugsicherung GmbH, Langen Members of the Supervisory Board Chairman Michael Odenwald Holger Müller State Secretary DFS Deutsche Flugsicherung GmbH Federal Ministry of Transport, Building Employee representative and Urban Development Ralf Raddatz Deputy Chairman Colonel (G.S.) Michael Schäfer Federal Ministry of Defence DFS Deutsche Flugsicherung GmbH Employee representative Petra Reinecke DFS Deutsche Flugsicherung GmbH Otto Fischer Employee representative DFS Deutsche Flugsicherung GmbH Employee representative Peter Schaaf DFS Deutsche Flugsicherung GmbH Dr Martina Hinricher Employee representative Ministerialdirigentin Federal Ministry of Transport, Building Martin Walber and Urban Development Regierungsdirektor Federal Ministry of Defence Dr Norbert Kloppenburg Member of the Executive Board Dirk Wendland KfW Bankengruppe DFS Deutsche Flugsicherung GmbH Employee representative Dr Angelika Kreppein Regierungsdirektorin Correct at December 2012 Federal Ministry of Finance 6 Members of the Advisory Council Chairman Jan Mücke Dirk Fischer Paul Riemens Parliamentary State Secretary Member of Parliament Chief Executive Officer Federal Ministry of Transport, Building German Bundestag LVNL – Air Traffic Control and Urban Development the Netherlands Member of Parliament Dr Christoph Franz German Bundestag Chairman of the Executive Board Dr Stefan Schulte Deutsche Lufthansa AG Chairman of the Executive Board Christine Alig Fraport AG Chairperson Prof Dr Elmar Giemulla BARIG Board of Airline Representatives President Ulrich Schulte-Strathaus in Germany e.V. Aircraft Owners and Pilots Association Managing Director AOPA Germany Aviation Strategy & Concepts SPRL Uwe Beckmeyer Member of Parliament Winfried Hermann Wolfgang Stertenbrink German Bundestag Minister Chairman of the Supervisory Boards Ministry of Transport and Infrastructure ALTE LEIPZIGER - HALLESCHE Group Markus Beumer Baden-Württemberg Member of the Board of Managing Directors Hans Joachim Suchan Commerzbank AG Karl Müllner Administrative Director Lieutenant General Zweites Deutsches Fernsehen, 3sat Christoph Blume Chief of Staff, Air Force and ARTE President Federal Ministry of Defence ADV – German Airports Association e.V. Ralf Teckentrup Ralf Nagel President of the Executive Board Charles-Louis d´Arenberg Managing Director of the Executive Board Condor Flugdienst GmbH Chairman of the Board German Shipowners’ Association (VDR) Belgocontrol Daniel Weder Eduard Oswald Chief Executive Officer Patrick Döring Former Federal Minister skyguide swiss air navigation services ltd Member of Parliament Vice-President of the German Bundestag German Bundestag Permanent guest Michael Odenwald Wolfgang Faden Dr Karl-Friedrich Rausch Chairman of DFS Supervisory Board Chief Executive Officer Germany & Central Member of the Board of Management Ministry of Transport, Building and Urban Europe for Transport and Logistics Development Allianz Global Corporate & Specialty AG DB Mobility Logistics AG Correct at December 2012 7 DFS Deutsche Flugsicherung GmbH, Langen Group management report 1. Business and framework conditions ...................................................................................9 2. Corporate strategy .........................................................................................................14 3. Corporate management and segments ............................................................................14 4. Economic environment ...................................................................................................16 5. Results of operations ......................................................................................................19 6. Assets and financial position ...........................................................................................26 7. Personnel ......................................................................................................................32 8. Research and development activities ...............................................................................34 9. Supplementary report .....................................................................................................35 10. Compliance ...................................................................................................................36 11. Risk report ....................................................................................................................36 12. Outlook .........................................................................................................................44 Group financial statements Annex 1: Group statement of comprehensive income .............................................................52 Annex 2: Group balance
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