Kongsberg Gruppen – Annual Report 1999 Kongsberg Gruppen A network of ideas USA Kongsberg Gruppen ASA P.O. Box 1000 Denmark N-3601 KONGSBERG Annual Report 1999 Telephone: + 47 32 28 82 00 Fax: +47 32 28 82 01 www.kongsberg.com
[email protected] Singapore South Korea Australia Greece Contents: Our international presence . 3 This is Kongsberg Gruppen . 5 Key Figures . 6 Highlights . 8 Directors’ Report . 10 Consolidated Accounts for Kongsberg Gruppen (The Group) . 17 Parent Company Accounts for Kongsberg Gruppen ASA . 30 Auditor’s Report . 32 Shares and shareholder relations . 34 Analytical Data . 36 Kongsberg Maritime . 40 Kongsberg Defence & Aerospace . 48 Business Development . 54 Property . 56 Addresses . 57 Financial calendar . 61 On the cover With their diversity, knowledge and enthusiasm, 3 400 employees in 20 countries work to generate added value for Kongsberg Gruppen, its shareholders and society-at-large. From top left: Lona Chang (46) – Finance Manager, Kongsberg Simrad Pte. Ltd. – Singapore Michael Santos Boyd (39) – Customer Support, Simrad Inc. – Seattle, Washington, USA Hwang-Yong Park (40) – Service Manager, Kongsberg Norcontrol Ltd. – Pusan, South Korea Maiken Thomassen (23) – Export Assistant, Simrad Shipmate AS - Støvring, Denmark Helge Morsund (47) – Program Manager Australia, Kongsberg Defence & Aerospace – Kongsberg, Norway Eirik Lie (33) – Project Manager Air Defence, Kongsberg Defence & Aerospace – Kongsberg, Norway 1 KOG Årsrapport 99 orig Eng 12.04.2000 09:49 Side 3 Our international presence Jan Erik Korssjøen We are proud to present the annual As a knowledge based corporation, it is CEO report for 1999. The year was charac- only natural that we pay close attention terised by strong performance in most to the development of high-technology of the Corporation's business areas, as based products.