DOCSLIB.ORG

Finmeccanica 2009 Consolidated Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Finmeccanica 2009 Consolidated Financial Statements FINMECCANICA 2009 CONSOLIDATED FINANCIAL STATEMENTS Disclaimer This Annual Report 2009 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsintency between the terms used in the Italian version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the official document. WorldReginfo - 3452d26b-cc32-4c0c-b20e-c4d9fb240864 CONTENTS Boards and Committees ................................................................................................................................ 6 REPORT ON OPERATIONS AT 31 DECEMBER 2009 ........................................................................... 7 The results and financial position of the Group ........................................................................................ 7 “Non-GAAP” performance indicators .................................................................................................... 24 Operations with related parties ............................................................................................................... 29 Performance by division ......................................................................................................................... 32 HELICOPTERS ............................................................................................................................ 32 DEFENCE ELECTRONICS AND SECURITY ............................................................................. 38 AERONAUTICS ........................................................................................................................... 46 SPACE ..................................................................................................................................... 53 DEFENCE SYSTEMS ................................................................................................................... 62 ENERGY ..................................................................................................................................... 67 TRANSPORTATION ..................................................................................................................... 72 OTHER ACTIVITIES .................................................................................................................... 77 Reconciliation of net profit and shareholders’ equity of the Group Parent with the consolidated figures at 31 December 2009 ........................................................................................................ 79 Significant events in 2009 and events subsequent to closure of the accounts ........................................ 80 Finmeccanica and risk management ....................................................................................................... 94 Finmeccanica and the environment ........................................................................................................ 99 Finmeccanica and Research and development ..................................................................................... 109 Finmeccanica: Human Resources ......................................................................................................... 131 2 WorldReginfo - 3452d26b-cc32-4c0c-b20e-c4d9fb240864 Finmeccanica: Security Policy Statement (SPS) .................................................................................. 156 Incentive plans (stock option and stock grant plans) ............................................................................ 158 Equity investments held by members of administrative and control bodies, by the general manager and managers with strategic responsibilities .............................................................................. 164 Finmeccanica and financial communication......................................................................................... 165 Corporate Governance Report and Shareholder Structure .................................................................... 171 Outlook ................................................................................................................................................. 255 Accounting statements and Notes to the consolidated financial statements at 31 December 2009 .......... 258 Consolidated Income Statement ........................................................................................................... 259 Consolidated Statement of comprehensive income .............................................................................. 260 Consolidated Balance Sheet ................................................................................................................. 261 Consolidated Cash Flow Statement ...................................................................................................... 262 Consolidated Statement of changes in shareholders’ equity ................................................................. 263 Notes to the consolidated financial statements at 31 December 2009 .................................................. 264 1. General information .................................................................................................. 264 2. Form, content and applicable accounting standards ................................................ 264 3. Accounting policies adopted ...................................................................................... 265 4. Significant issues ....................................................................................................... 295 5. Effects of changes in accounting policies adopted .................................................... 299 6. Significant non-recurring events or transactions ...................................................... 300 7. Segment information .................................................................................................. 303 8. Intangible assets ........................................................................................................ 306 3 WorldReginfo - 3452d26b-cc32-4c0c-b20e-c4d9fb240864 9. Property, plant and equipment .................................................................................. 309 10. Investment properties ................................................................................................ 310 11. Equity investments ..................................................................................................... 310 12. Business combinations ............................................................................................... 312 13. Financial assets at fair value..................................................................................... 314 14. financial Transactions with related parties ............................................................... 314 15. Receivables and other non-current assets ................................................................. 319 16. Inventories ................................................................................................................. 320 17. Contract work in progress and advances received .................................................... 320 18. Trade and financial receivables ................................................................................ 321 19. Current financial assets at fair value ........................................................................ 322 20. Income Tax receivables and payables ....................................................................... 322 21. Other current assets .................................................................................................. 323 22. Cash and cash equivalents ........................................................................................ 324 23. Shareholders' equity .................................................................................................. 324 24. Borrowings ................................................................................................................ 327 25. Provisions for risks and charges and contingent liabilities ....................................... 333 26. employee liabilities .................................................................................................... 344 27. Other current and non-current liabilities .................................................................. 348 28. Trade payables .......................................................................................................... 349 29. Derivatives................................................................................................................. 350 30. Guarantees and other commitments .......................................................................... 351 31. Transactions with related parties .............................................................................. 352 32. Revenue ..................................................................................................................... 355 4 WorldReginfo - 3452d26b-cc32-4c0c-b20e-c4d9fb240864 33. Other operating income (expenses) ........................................................................... 355 34. Raw materials and consumables used and purchase of services ............................... 357 35. Personnel costs .......................................................................................................... 358 36. amortisation, Depreciation and impairment ............................................................
Load more

Recommended publications
  • Feasibility Study – Final Report
    RADAR IN-FILL FOR GREATER WASH AREA Feasibility Study – Final Report CONTRACT NUMBER: ED02698 URN NUMBER: 07/1442 COWRIE INFILL-02-2007 Radar In-fill for Greater Wash Area Feasibility Study - Final Report David J Bannister 31 August 2007 This report has been commissioned by COWRIE Ltd © COWRIE Ltd, 2007 Published by COWRIE Ltd. This publication (excluding the logos) may be re-used free of charge in any format or medium. It may only be re-used accurately and not in a misleading context. The material must be acknowledged as COWRIE Ltd copyright and use of it must give the title of the source publication. Where third party copyright material has been identified, further use of that material requires permission from the copyright holders concerned. ISBN: 978-0-9554279-6-1 Bannister, D.J.(2007) Radar In-fill for Greater Wash Area Feasibility Study. (QinetiQ Report No. ED02698) Commissioned by COWRIE Ltd. and BERR (INFILL-02-07). Copies available from: www.offshorewind.co.uk E-mail: [email protected] Contact details: QinetiQ Ltd. Malvern Technology Centre, Malvern, Worcestershire WR14 3PS United Kingdom Tel: +44 (0)1684 894000 E-mail: [email protected] Web: http://www.qinetiq.com Greater Wash In-fill Radar Feasibility Study – Final Report Table of Contents Page TABLE OF CONTENTS ................................................................................................. III LIST OF FIGURES........................................................................................................ IV TABLE OF TABLES .......................................................................................................
    [Show full text]
  • EFC JIP CBRN Workshop
    EFC JIP CBRN Workshop Finmeccanica areas of interest Michele Genisio Brussels - September 15, 2011 Contents Contents 1. Finmeccanica key data 2010 2. Proposed areas of investigation Commercial in Confidence 1 - Finmeccanica Key Data 2010 FY2010 FY2009 Net Profit 557 M€ 718 M€ Revenues € 18.695 m Order Intake 22,5 B€ 21,1 B€ Employees 75,197 73,056 R & D 2.0 B€ 1.98 B€ DEFENSE AND DEFENSE AERONAUTICS HELICOPTERS TRANSPORT ENERGY SPACE SECURITY SYSTEMS ELECTRONICS 2.809 M€ 3.644 M€ 1.962 M€ 7.137 M€ 1.210 M€ 1.413 M€ 925 M€ . Alenia Aeronautica . AgustaWestland . AnsaldoBreda . DRS Technologies . Oto Melara . Ansaldo Energia . Telespazio . Alenia Aermacchi . BAAC . Ansaldo STS . ElsagDatamat . WASS . Ansaldo Fuel Cells . Thales Alenia Space . SuperJet . BredaMenarini . Selex . MBDA . Ansaldo Nucleare Communications International bus . Selex Galileo . ATR . Selex Sistemi . Eurofighter GmbH Integrati 100% owned by Finmeccanica . Selex Service Management JVs Finmeccanica view Emerging requirements in the CBRN area: C and B detectors • Wide threat range • Speed of Response • Low Detection Levels • Threat Identification M&S of CBRN architectures • representing the whole process, from threat to recovery • enabling military-civil interaction • multi-threat scenarios. M&S of CBRN Architectures OBJECTIVES Modelling & Simulation of a CBRN Architecture representing: - Environment: both predictable (terrain characteristics, urban context, road network, etc) and unpredictable (crowd behaviour, humand behaviour, weather etc ) aspects - Responders:
    [Show full text]
  • Half-Year Financial Report at 30 June 2013 Finmeccanica
    HALF-YEAR FINANCIAL REPORT AT 30 JUNE 2013 FINMECCANICA Disclaimer This Half-Year Financial Report at 30 June 2013 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsistency between the terms used in the Italian version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the sole official document. CONTENTS BOARDS AND COMMITTEES ...................................................................................................... 4 REPORT ON OPERATIONS AT 30 JUNE 2013 .......................................................................... 5 Group results and financial position in the first half of 2013 .................................................................. 5 Outlook ................................................................................................................................................. 12 “Non-GAAP” alternative performance indicators ................................................................................. 22 Industrial and financial transactions ...................................................................................................... 26 Corporate Governance .......................................................................................................................... 29 CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS AT 30 JUNE 2013 ..................................................................................................................................................
    [Show full text]
  • THE TRANSFORMATION of the ARMED FORCES: the FORZA NEC PROGRAM Michele Nones,Alessandro Marrone
    ISSN 2239-2122 5 Information Technology (IT) has had and will continue to have a deep impact on the T IAI Research Papers defence sector. The most advanced countries, not only the U.S. but also France, Great HE The IAI Research Papers are brief monographs written by one or Britain and Italy, over the past few years have undergone a transformation of their TRANSFORMATION more authors (IAI or external experts) on current problems of inter- N. 1 European Security and the Future of Transatlantic Relations, THE TRANSFORMATION Armed Forces aimed at exploiting the strategic advantages of IT. national politics and international relations. The aim is to promote edited by Riccardo Alcaro and Erik Jones, 2011 greater and more up to date knowledge of emerging issues and The goal pursued in Europe, and also promoted by NATO, is Network Enabled N. 2 Democracy in the EU after the Lisbon Treaty, Capability (NEC). That is combining equipment and soldiers, as well as dierent OF THE ARMED FORCES trends and help prompt public debate. edited by Raaello Matarazzo, 2011 doctrinal, procedural, technical and organizational elements, into a single network to : obtain their interaction in order to achieve substantial strategic superiority. In OF N. 3 The Challenges of State Sustainability in the Mediterranean, practice, this also occurs with a strong, ecient and secure telecommunications THE A non-prot organization, IAI was founded in 1965 by Altiero Spinelli, edited by Silvia Colombo and Nathalie Tocci, 2011 THE ORZA PROGRAM network, and through the netcentric modernization of Armed Forces’ capability and F NEC ARMED its rst director.
    [Show full text]
  • Relazione Finanziaria Semestrale Al 30 Giugno 2016
    RELAZIONE FINANZIARIA SEMESTRALE AL 30 GIUGNO 2016 Relazione finanziaria semestrale al 30 giugno 2016 INDICE ORGANI SOCIALI E COMITATI ................................................................................................. 4 RELAZIONE SULL’ANDAMENTO DELLA GESTIONE AL 30 GIUGNO 2016 ................... 5 Risultati del Gruppo e situazione finanziaria .......................................................................................... 5 Outlook .................................................................................................................................................. 15 Operazioni industriali e finanziarie ....................................................................................................... 16 Operazioni con parti correlate ............................................................................................................... 18 Indicatori di performance “non-GAAP” ............................................................................................... 19 BILANCIO CONSOLIDATO SEMESTRALE ABBREVIATO AL 30 GIUGNO 2016.......... 22 Conto economico abbreviato separato consolidato ............................................................................... 23 Conto economico abbreviato complessivo consolidato......................................................................... 24 Situazione patrimoniale finanziaria abbreviata consolidata .................................................................. 25 Rendiconto finanziario abbreviato consolidato ....................................................................................
    [Show full text]
  • Società Per Azioni 2011 SEPARATE FINANCIAL STATEMENTS
    FINMECCANICA - Società per azioni 2011 SEPARATE FINANCIAL STATEMENTS Disclaimer This Annual Report 2011 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsistency between the terms used in the Italian version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the sole official document. CONTENTS BOARDS AND COMMITTEES ......................................................................................................... 5 REPORT ON OPERATIONS AT 31 DECEMBER 2011 ...................................................................... 7 Significant events in 2011 and events subsequent to closure of the accounts ........................................ 10 Analysis of the income statement, balance sheet and cash flow statement ............................................ 17 “Non- GAAP” performance indicators ................................................................................................... 24 Transactions with related parties ............................................................................................................ 25 Finmeccanica and the commercial scenario ........................................................................................... 29 Performance by division ......................................................................................................................... 36 HELICOPTERS ...................................................................................................................................
    [Show full text]
  • High Performance Computing Tera 10: Beyond 50 Thousand Billion Operations Per Second
    JUNE 2006 - SPECIAL ISSUE IN PARTNERSHIP WITH BULL AND INTEL High Performance Computing Tera 10: beyond 50 thousand billion operations per second Editorial The lightning growth of intensive computing oday, researchers, engineers an architecture promising a million they will require a 100 to 10,000- and entrepreneurs in vir- operations a second for a cost of just fold increase in computing capacity Ttually every field are finding a million dollars. Thirty years on within the next 10-20 years. that high-performance computing – with the advances in electronic In this frenetic race, there is general (HPC) is starting to play a central circuit technology and the science agreement that France has not pro- role in maintaining their competi- of computer simulation – a mil- gressed as fast as we would have wan- tive edge: in research and business lion times that processing power is ted over the past few years. In order activities alike. now available for an equivalent cost. to be effective and consistent, it is Advances in scientific research Today’s most powerful machine deli- not enough just to give the scientific have always depended on the link vers 280 teraflops, and there are plans community the most powerful com- between experimental and theore- in the near future for a 1 petaflop puters. Active support for research tical work. The emergence of the machine in China and a 5 petaflop and higher education into algorithms supercomputer opened up a whole machine in Japan. and the associated computer sciences new avenue: high-powered compu- Where will this progress lead us? is also essential.
    [Show full text]
  • Atlantic Organization for Security April,2 2010
    Atlantic Organization for Security www.aofs.org April,2 2010 DOCUMENTS Information Sharing: The new intelligence capability Steve Coles, Head of Security Strategy at SELEX SI/VEGA, revisits the importance of information sharing for the UK in light of the failed Christmas Day airline bomb plot. According to President Obama, it was an information sharing and analysis breakdown that nearly allowed a terrorist to kill 290 people on 25 December 2009, in what would [...] The major international security challenges in 2010: Italy‟s role and vision Intervention of: Franco Frattini, Italian Minister for Foreing Affairs : The full document in, 100125 The major international security challenges ―in 2010 we face an ―arch of instability‖ which stretches from the Horn of Africa and the Arabian peninsula to Central Asia. A challenge that poses serious threats to international security and means that we cannot manage [...] IT Coast Guard VADM Pollastrini: “Implementing Integrated Maritime Policy in the European Union In conjunction with Italian Embassy in Washington, SELEX Sistemi Integrati has organized an event in line with the recent declarations of DHS Secretary, Janet Napolitano, looking for an ―international approach to the security‖ recommending potential practical responses. The event involved prominent representatives of Italian and U.S. Government organizations, Department of Homeland Security, US and Italian Coast [...] EMERGENCY PREPAREDNESS AND CRISIS MANAGEMENT: THE FIVE LESSONS ―Emergency Preparedness and Crisis Management‖ is part of a series of Workshops titled ―Share Best Practices across the Atlantic‖ organized by SELEX SI. The 3rd Workshop guest speaker, the Hon Michael Chertoff, former Secretary of the US DHS speaks about The Five Lessons learned.
    [Show full text]
  • Enterprise and Industry Grants 2005
    Annex I Promoting innovation and change by Research Post-information of grants awarded by DG ENTR in 2005 Objectives in DG ENTR Amount % of Action Title of Action Objectives Beneficiaries City Country Grant Programme EUR finance 2004 ExEx ante ante publication publication : http://ec.europa.eu/DocsRoom/documents/8022/attachments/1/translations/en/renditions/pdf:http://europa.eu.int/comm/enterprise/funding/grants/themes_2004/index.htm http://ec.europa.eu/DocsRoom/documents/8031/attachments/1/translations/en/renditions/pdf and OJ C100 24.04.2004and and OJ OJ C100 C100 24.04.2004 24.04.2004 Research promoting innovation Regional Innovation Policies, including new action 2 IRE6-014623/DISCOVER NE ROMANIA AGENTIA PENTRU DEZVOLTARE REGIONALA NORD EST PIATRA NEAMT ROMANIA 335,000.00 75.00% and Change tools and approaches IRE6-014627/5SCHEMES ADAM MICKIEWICZ UNIVERSITY FOUNDATION POZNAN POLAND 662,000.00 100.00% IRE6-014628/UPRIS POLITECHNIKA WROCLAWSKA WROCLAW POLAND 343,830.00 75.00% REGIONAL DEVELOPMENT AGENCY OF NORTH HUNGARY NON P IRE6-014634/NORRIS MISKOLC HUNGARY 600,000.00 75.00% ROFIT ORG IRE6-014637/RIS-TRNAVA/ADD1 TRNAVSKY SAMOSPRAVNY KRAJ TRNAVA SLOVAKIA 210,636.00 75.00% IRE6-014639/RIS-PRESOV THE PRESOV SELF GOVERNING REGION PRESOV SLOVAKIA 261,597.00 75.00% IRE6-014640/INTRO UNIVERSITY OF ICELAND REYKJAVIK ICELAND 566,000.00 100.00% IRE6-014641/RIS LUBELSKIE POLITECHNIKA LUBELSKA LUBLIN POLAND 361,250.00 75.00% IRE6-014643/OMEN FINANZIARIA LAZIALE DI SVILUPPO FILAS ROMA ITALY 999,120.00 50.00% IRE6-014644/IMPACTSCAN4INNOPOL IWT
    [Show full text]
  • The Quadrics Network (Qsnet): High-Performance Clustering Technology
    Proceedings of the 9th IEEE Hot Interconnects (HotI'01), Palo Alto, California, August 2001. The Quadrics Network (QsNet): High-Performance Clustering Technology Fabrizio Petrini, Wu-chun Feng, Adolfy Hoisie, Salvador Coll, and Eitan Frachtenberg Computer & Computational Sciences Division Los Alamos National Laboratory ¡ fabrizio,feng,hoisie,scoll,eitanf ¢ @lanl.gov Abstract tegration into large-scale systems. While GigE resides at the low end of the performance spectrum, it provides a low-cost The Quadrics interconnection network (QsNet) con- solution. GigaNet, GSN, Myrinet, and SCI add programma- tributes two novel innovations to the field of high- bility and performance by providing communication proces- performance interconnects: (1) integration of the virtual- sors on the network interface cards and implementing differ- address spaces of individual nodes into a single, global, ent types of user-level communication protocols. virtual-address space and (2) network fault tolerance via The Quadrics network (QsNet) surpasses the above inter- link-level and end-to-end protocols that can detect faults connects in functionality by including a novel approach to and automatically re-transmit packets. QsNet achieves these integrate the local virtual memory of a node into a globally feats by extending the native operating system in the nodes shared, virtual-memory space; a programmable processor in with a network operating system and specialized hardware the network interface that allows the implementation of intel- support in the network interface. As these and other impor- ligent communication protocols; and an integrated approach tant features of QsNet can be found in the InfiniBand speci- to network fault detection and fault tolerance. Consequently, fication, QsNet can be viewed as a precursor to InfiniBand.
    [Show full text]
  • SELEX Sistemi Integrati
    SELEX Sistemi Integrati Parma, 30 Maggio 2011 Finmeccanica oggi: i settori di attività DETAILS Ricavi 2010 18.7 € mld Elicotteri Elettronica per la Difesa Aeronautica ce iden f con 19 % 3.64 € mld 38% 7.14€ mld 15 % 2.81 € mld l in ia AgustaWestland SELEX Sistemi Integrati c Alenia Aeronautica r e SELEX Communications Alenia Aermacchi m m SELEX Galileo ATR o c SELEX Service Management Superjet International - i t Seicos a r Elsag Datamat teg DRS Technologies i In m e st i S X Spazio Sistemi di Difesa Trasporti Energia 2011 SELE © 5 % 0.9 € mld 6 % 1.2 € mld 10 % 1.9 € mld 7 % 1.4 € mld Telespazio Oto Melara AnsaldoBreda Ansaldo Energia Thales Alenia Space WASS Ansaldo STS MBDA BredaMenarinibus 100% FNM JVs 40% FNM 60% pubblico 2 © 2011 SELEX Sistemi Integrati Confidential All rights reserved SELEX Sistemi Integrati: Posizione sul Mercato e Strategia Prodotto Leader mondiale consolidato nei Sensori Radar Terrestri e Navali ce iden f con Presenza chiave a livello globale nell’Integrazione di Sistemi di Difesa l in ia c r Navale di Combattimento, Sistemi C4I, di Difesa Aerea, Sistemi di e Navale di Combattimento, Sistemi C4I, di Difesa Aerea, Sistemi di m m o Controllo del Traffico Aereo c - i t a r teg i In m e st i S X Presenza a livello mondiale nei Grandi Sistemi per la Sicurezza 2011 SELE © e Difesa del Territorio 3 © 2011 SELEX Sistemi Integrati Confidential All rights reserved SELEX Sistemi Integrati nella Galassia Finmeccanica per i Grandi Sistemi SELEX Sistemi Integrati SELEX Galileo DRS Technologies SELEX Communications Ansaldo Energia Appartiene ad un Gruppo Ansaldo STS Elsag Datamat multi-settore e multi-prodotto AnsaldoBreda Leader per capacità e tecnologia SELEX Sistemi Integrati SELEX Service Management nell’ambito dei Grandi Sistemi: Telespazio Sensori, Comando e Controllo, Integrazione.
    [Show full text]
  • Ing. Paolo Neri Direttore Architetture Grandi Sistemi Selex Sistemi Integrati
    La Tecnologia a Supporto della Sicurezza Transfrontaliera Intervento a cura di: Ing. Paolo Neri Direttore Architetture Grandi Sistemi Selex Sistemi Integrati Roma, Convegno OSN, 25 ottobre 2007 SELEX Sistemi Integrati nel contesto Finmeccanica Missione ¾ Nell’ambito del Gruppo Finmeccanica, SELEX Sistemi Integrati è responsabile della impostazione d’architettura per i Grandi Sistemi in applicazioni civili e militari ¾ La capacità di rispondere positivamente alla missione assegnata è basata sull’esperienza maturata nelle diverse attività correlate al tradizionale ruolo di Ansaldo Galileo Energia Avionica SELEX SELEX Sistemi Integrati: Ansaldo Comms STS SELEX • Sistemi di controllo del traffico aereo Sensors and Telespazio Airborne (ATM) Systems Selex • Sistemi marittimi e portuali (VTMS) Thales Sistemi Alenia Space Integrati • Sistemi di sorveglianza, monitoraggio e GALASSIA Alenia GRANDI SISTEMI Selex controllo (in campo sia civile che Aeronautica SEMA militare) FINMECCANICA Agusta • Sistemi di Comando e Controllo Westland Seicos • Sistemi di difesa aerea WASS • Sistemi di difesa navale ElsagDatamat OtoMelara Ansaldo • Sale Operative Breda MBDA Quadrics L’integrazione per al Sicurezza Transfrontaliera Sicurezza Transfrontaliera L’Approccio Integrato Al fine di Garantire la sicurezza transfrontaliera operano in Italia Intelligence molteplici organizzazioni governative e non, in ambiti spesso eterogenei, che si Controllo delle Coste trovano a dover cooperare tra loro a volte in emergenza. Controllo delle Frontiere terrestri L’idea stessa di frontiera è mutata affiancandosi ai classici confini fisici Protezione Porti quelli virtuali dell’informatica. Protezione Aeroporti E’ evidente inoltre l’importanza ai fini dell’integrazione di disporre di strumenti che da un lato facilitino lo scambio di Sicurezza IT informazioni, dall’altro mettano a disposizione le informazioni Accoglienza e primo soccorso effettivamente necessarie.
    [Show full text]