DOCSLIB.ORG

Annual Accounts 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Accounts 2015 ANNUAL ACCOUNTS 2015 Pon Holdings BV Contents Profile 2 Corporate data 3 Pon worldwide 4 Report of the Supervisory Board 6 Report of the Executive Board 8 People and Sustainability 12 Corporate governance & Risk management 14 Financial Statements 2015 19 Consolidated balance sheet 20 Consolidated profit and loss account and statement of comprehensive income 22 Consolidated cash flow statement 23 Notes to the consolidated financial statements 24 Notes to the consolidated balance sheet and the consolidated profit and loss account 31 Company balance sheet 44 Company profit and loss account 46 Notes to the company financial statements 47 Notes to the company balance sheet and the company profit and loss account 48 Other information 52 Independent auditor’s report 53 Organization 54 Primary operating companies 56 Colophon 58 Profile Our business Our headline numbers Pon is focused on the import, logistics, marketing, distribution, Pon operates directly through its wholly or majority-owned service and maintenance of a broad range of high-quality businesses and (minority) equity participations in 32 countries. products. These products are supplied by leading manufacturers, The number of employees working for Pon in these businesses including Volkswagen, Caterpillar, MAN, MCFA, GE and Continental. is approx. 13,000 (excluding joint ventures). The majority of the Our products vary from passenger cars and commercial vehicles Pon workforce is employed in areas relating to sales and service. to material handling trucks, tyres, road construction & earthmoving In 2015 Pon generated total revenues in the amount of equipment and power generation products used primarily in the EUR 7 billion and realized a net result of EUR 141 million. shipping and offshore industries. In our bicycle business, we also supply products developed and assembled at our own facilities, under the brands of e.g. Gazelle, Our strategy Union, Focus, Cervélo and Santa Cruz. In addition, we are active We aim to be Best-in-Class. We continuously improve and in other business areas such as selling and servicing flow control develop our organization and processes to deliver on our solutions used in marine, oil & gas and processing industries. promises effectively and efficiently. Creating and delivering the best value propositions for our customers is the key to our success. We focus on growth. We aim for organic growth by Our values focusing on customer loyalty, growing our relative share of service Pon is one of the largest family-owned businesses in the and acquiring new customers in attractive segments. Besides Netherlands. Our main mission is to keep you moving. Our organic growth, we will continue making strategic acquisitions for approach is down-to-earth: we are simply dedicated to matching our business groups, as well as diversifying into new activities and our high quality products to our customers’ requirements in the selected geographies. best possible way. We do this by investing in long-term relationships with manufacturers, suppliers and customers. Our operational strategy is summarized as: Get. Keep. Grow. However, we also have a broader approach to keep you moving: • GET customers by offering superior value propositions to fulfill we keep a keen eye out for opportunities for mobility solutions their specific needs. that contribute to solving congestion and environmental issues. • KEEP customers by delivering on our promises, providing We also aim for enduring vitality of our organization by investing employees and partners with the right tools. in the competencies and health of our employees, to keep our • GROW customer loyalty to encourage their repeating business organization moving. Our goal each day is to present the best and deepen the relationship. portfolio of products and services we can to our customers based on top products from the best manufacturers. The Pon employees make the difference: they work with pride for the brands we represent and for Pon as a company. Four values are core to us: Passion to Perform We are passionate to perform and focus on concrete achievements. Trust to Act We are empowered to act, and act in a powerful way. Act Responsibly We are responsible for our actions and the consequences they have for our stakeholders and our environment. Make it Fun We are serious about making work fun, it’s the way we do things. 2 Pon Annual Accounts 2015 Corporate data Supervisory Board Articles of association F. Pon, chairman The last amendment of the articles of association was effectuated K.J. Storm, vice-chairman by notarial deed of July 17, 2013. G.H. Beens J.C. ten Cate R.F. van den Bergh (as of May 2015) Registered office and commercial register J.F. Redmer (as of May 2015) Pon’s registered office is located in Leusden, the Netherlands. The company is registered in the Trade Register of the Chamber of Commerce of the Netherlands, under number 08017970. Executive Board A.B. Smalbraak (CEO and statutory director) B. Sprong (CFO) Head office D.O. Turner Pon’s head office is situated at: Rondebeltweg 31, 1329 BN Almere, Financial year PO Box 30052, 1303 AB Almere, the Netherlands The company’s financial year runs from January 1st Phone 0031 88 60 60 100 to December 31st. Fax 0031 88 60 60 101 Internet www.pon.com E-mail [email protected] Corporate data 3 Pon worldwide Greenland Norway Denmark The Netherlands Sweden Canada United Kingdom Estonia Germany Belgium France United States Hungary Portugal Austria Spain Switzerland China Hong Kong Taiwan Thailand Vietnam Nigeria Malaysia Philippines Singapore Papua New Guinea Brazil Indonesia Madagascar New Caledonia Australia 4 Pon Annual Accounts 2015 Greenland Norway Denmark The Netherlands Sweden Canada United Kingdom Estonia Germany Belgium France United States Hungary Portugal Austria Spain Switzerland China Hong Kong Taiwan Thailand Vietnam Nigeria Malaysia Philippines Singapore Papua New Guinea Brazil Indonesia Madagascar New Caledonia Australia Pon worldwide 5 Report of the Supervisory Board The Supervisory Board is proud to present the Annual Accounts Pon Holdings and Parcom Capital reached agreement on the of Pon Holdings for 2015. The Annual Accounts, as prepared by takeover of technical services provider RH Marine, following the the Executive Board, includes the audited financial statements for bankruptcy of parent company Imtech. The company will continue 2015. The unqualified opinion of the auditor has been included to operate independently and its services are complementary to on page 53 of this report. We approved the Annual Accounts Pon in a number of domains. after reviewing the financial statements with the Executive Board and the Auditor. We recommend that the shareholders adopt the To warrant future success in changing dynamics, Pon must adapt financial statements, including the dividend proposal. We also its organization to be prepared for future challenges, such as a advise the shareholders to discharge the Executive Board and changing landscape in automotive and the further emergence of the Supervisory Board, in their respective roles, for the tasks they digital channels. This implies that transformation has and will be have executed over the past financial year. the name of the game. From a strategic perspective, we are confident that we are building a futureproof business. It is satisfying to note that efforts are being translated into tangible Activities financial results. Having said that, a number of business groups The Supervisory Board supervises and monitors the management are being affected by the slowdown caused by low oil prices, and performed by the Executive Board, the company’s general affairs lower commodity prices, which is closely related to China’s and the business connected with it. The Supervisory Board also economic cooldown. advises the Executive Board. In performing its duties it is guided by the interests of the company and its business and takes into In addition to the company’s operational and financial performance, account the relevant interests of the company’s stakeholders. during its regular meetings, the Board reviewed a broad range of In 2015, the Supervisory Board discussed a variety of topics strategic issues. The main areas of interest were: with the Executive Board over the course of 10 formal meetings. • The ongoing transformation of Pon. In 2015, the focus was on In addition, the Supervisory Board was in regular contact with the Pon Equipment, Pon Power and Pon Tyre Group and we expect Executive Board. to see results from this in 2016. Closely linked to this is the consistent execution of strategic projects and new 2015 proved to be yet another remarkable year for Pon. In the remuneration policies that are linked to the successful second half of the year, two major developments demanded the execution of strategic programs. full focus of the Executive Board and the Supervisory Board: • Diversification of our business, both geographically and in the diesel emission issue at our OEM Volkswagen which sparked terms of variety of activities, which is consistent with the turbulence in the automotive markets worldwide, and the Get. Keep.Grow. strategy adopted in 2013. Relevant milestones acquisition of a minority stake in RH Marine, following the are the acquisition of Prochem, Aluca, Santa Cruz and BBB bankruptcy of parent company Imtech. In order to deal effectively Cycling and the new joint venture with Brazilian Caterpillar with these major issues, we organized a number of extra meetings Dealer Pesa. during this period. In addition, the Chairman held regular meetings with the CEO The diesel emission issue has inevitably raised doubts about the and occasionally with individual Executive Board Members. reputation of the Volkswagen brand in the market. Nonetheless, Closed sessions were also held which were not attended by the automotive business in the Netherlands hardly felt any direct the Executive Board, in order to discuss matters such as the effects of this, with Volkswagen sales exceeding expectations performance of the Executive Board and its individual Members.
Load more

Recommended publications
  • Company CEO Todd Blue to Focus on Growth, Acquisitions and Partnership with Pon Holdings
    Company CEO Todd Blue to Focus on Growth, Acquisitions and Partnership with Pon Holdings RANCHO MIRAGE, Calif.--(BUSINESS WIRE)-- indiGO Auto Group, a premier luxury automotive dealer group representing the finest luxury and performance brands in the world through unparalleled, white-glove service in Houston, TX; Rancho Mirage, CA; Palm Springs, CA; Riverside, CA; and St. Louis, MO, today announced the appointment of Kelly Wolf to President. Currently the company’s Chief Operating Officer (COO), Wolf will now assume the additional role as President. In his role as President and COO, Wolf will be responsible for day-to-day leadership and management of all indiGO operations and locations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190213005141/en/ Kelly Wolf, indiGO Auto Group President & COO (Photo: Business Wire) “It is with great pride that I have the honor of announcing the appointment of Kelly Wolf to the position of President and Chief Operating Officer of indiGO Auto Group. Kelly’s promotion today is a celebration of his loyalty, dedication and performance. Kelly is a shining example of the meritocracy our indiGO Auto Group culture embraces. Our culture and values continue to stay intact in our partnership with Pon with Kelly as President,” said Blue. As Founder and CEO, Todd Blue will remain the highest-ranking automotive executive employed by the company and Netherlands-based Pon Holdings, directly or indirectly, in the United States. Blue also retains the position of Dealer Principal. Blue, who is the only employee residing on the Board of Directors, will continue focusing on the company’s growth and partnership with Pon Holdings.
    [Show full text]
  • Pon Holdings BV
    +44 20 8123 2220 [email protected] Pon Holdings BV - Strategy, SWOT and Corporate Finance Report https://marketpublishers.com/r/P32BE066649EN.html Date: January 2021 Pages: 27 Price: US$ 175.00 (Single User License) ID: P32BE066649EN Abstracts Pon Holdings BV - Strategy, SWOT and Corporate Finance Report SUMMARY Pon Holdings BV - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360? view of the company. KEY HIGHLIGHTS Pon Holdings BV (Pon Holdings) is a trading and service company based in the Netherlands. The company primarily retails passenger cars, commercial vehicles, trucks, buses, material handling, road construction and earthmoving equipment, bicycles, and tires. It also offers products for off-shore, shipping, transport and logistics; and engines and generators for marine. The company offers products for offshore, energy, emergency power, constructionand industrial machinery applications. Pon Holdings sources products from several international manufacturers including Volkswagen, Skoda, Audi, Bugatti, Lamborghini, Porsche, Caterpillar, MAN, Gazelle and Continental. The company also provides services such as maintenance, repair, leasing, rental and financing. Pon Holdings is headquartered in Amsterdam, the Netherlands. SCOPE Detailed information on Pon Holdings BV required for business and competitor Pon Holdings BV - Strategy, SWOT and
    [Show full text]
  • Parts Makers Start Production at Bike Valley Portugal
    More Parts Makers Start Production at Bike Valley Portu... http://www.bike-eu.com/home/nieuws/2015/9/more-p... news 11:48 More Parts Makers Start Production at Bike Valley Portugal LABEL: HOME AGUEDA, Portugal – Bike Valley Portugal is gaining momentum as more bike component manufacturers are starting production here. Like a major maker of suspension forks whose production is planned to start here in the first quarter of 2017. The new company founded by Portuguese component makers Rodi, Miranda, and Ciclo-Fapril that is starting up aluminium frame production in Portugal – Triangles – is also behind the production set-up of suspension forks. Tri- angles is developing this project with one of the world’s biggest producers of suspension forks. As said production is planned to start beginning 2017. Also saddle production Next to a big producer of suspension forks, also one of Photo: Alloy frame production at Bike Valley the world’s biggest in saddles has advanced plans to start Portugal will be incomparable to that in Asia which is pictured here. – Photo Bike Europe production in Agueda, Portugal; the region where most of the country’s bike companies are located. Fully robotized alloy frame production In May 2016 the production of aluminium frames by Triangles will also start in Agueda. At last month’s Eurobike show the man presiding over the aluminium frame production project – Rodi and frame-producer Triangles President Armando Levi Silva – presented more details regarding what is now taking place in Portugal. He said that the alloy frame production in Portugal will be incomparable to that in Asia.
    [Show full text]
  • Volkswagen Financial Services Ag Annual Report 2017
    VOLKSWAGEN FINANCIAL SERVICES AG ANNUAL REPORT 2017 Key Figures VOLKSWAGEN FINANCIAL SERVICES AG 1 In € million (as of December 31) 2017 2016 Total assets 68,953 130,248 Loans to and receivables from customers attributable to Retail financing 16,269 41,726 Dealer financing 3,584 14,638 Leasing business 18,809 34,344 Lease assets 11,571 14,696 Equity 7,624 16,951 Operating profit2 609 609 Profit before tax2 643 615 In % (as of December 31) 2017 2016 Cost/income ratio3 73 89 Equity ratio4 11.1 13.0 Return on equity5 8.4 8.1 Number (as of December 31) 2017 2016 Employees 8,555 11,819 Germany 5,198 6,145 International 3,357 5,674 1 Previous year restated as explained in the disclosures on the leasing business in the United Kingdom and Irish markets and in the disclosures on the separately recognized derivatives in the United Kingdom market in the section entitled “Restated Prior-Year Figures” in the notes. 2 Previous year restated as explained in the disclosures relating to the discontinued operations in the section entitled “Restated Prior-Year Figures” in the notes. 3 General and administrative expenses, adjusted for expenses passed on to other entities in the Volkswagen Group / net income from lending, leasing and insurance transactions (after provision for credit risks) and net fee and commission income. 4 Equity / total assets. 5 Profit before tax / average equity. Due to the reorganization of the legal entities, return on equity for 2017 and 2016 is determined using only the equity as of December 31, 2017.
    [Show full text]
  • BESLUIT Besluit Van De Directeur-Generaal Van De Nederlandse Mededingingsautoriteit Als Bedoeld in Artikel 37, Eerste Lid, Van D
    BESLUIT Besluit van de directeur-generaal van de Nederlandse mededingingsautoriteit als bedoeld in artikel 37, eerste lid, van de Mededingingswet. Zaaknummer 2045/Pon Holdings - ROBA Almelo I. MELDING 1. Op 4 augustus 2000 heeft de directeur-generaal van de Nederlandse mededingingsautoriteit een melding ontvangen van een voorgenomen concentratie in de zin van artikel 34 van de Mededingingswet. Hierin is medegedeeld dat Pon Holdings B.V. voornemens is zeggenschap te verkrijgen, in de zin van artikel 27, onder b, van de Mededingingswet, over de activiteiten van ROBA Almelo B.V. Van de melding is mededeling gedaan in Staatscourant 152 van 9 augustus 2000. Naar aanleiding van de mededeling in de Staatscourant heeft een derde zijn zienswijze naar voren gebracht. Deze zienswijze is ongemotiveerd gebleven. II. PARTIJEN 2. Pon Holdings B.V. (hierna: Pon) is een besloten vennootschap naar Nederlands recht. De ondernemingen die deel uitmaken van de Pon-groep zijn actief op het gebied van import van autos (van de merken Volkswagen, Audi, Porsche, Seat en Skoda), vrachtwagens, landbouwtrekkers[1], heftrucks, banden en onderdelen, de detailhandelhandel in nieuwe en gebruikte autos, onderdelen en accessoires, dienstverlening op het gebied van onderhoud, (schade)reparatie en leasing van autos, alsmede financile dienstverlening, telecommunicatie en de import van industrile producten en diensten. 3. ROBA Almelo B.V. (hierna: ROBA) is een besloten vennootschap naar Nederlands recht, waarvan de aandelen worden gehouden door de persoonlijke holdingvennootschap van de huidige eigenaar. ROBA is actief op het gebied van de detailhandel in nieuwe autos (van de merken Volkswagen en Audi), gebruikte autos, onderdelen en accessoires; het verlenen van service op het gebied van onderhoud en reparatie van autos en autoleasing en verhuur.
    [Show full text]
  • Volkswagen Financial Services Ag Annual Report 2017
    VOLKSWAGEN FINANCIAL SERVICES AG ANNUAL REPORT 2017 Key Figures VOLKSWAGEN FINANCIAL SERVICES AG 1 In € million (as of December 31) 2017 2016 Total assets 68,953 130,248 Loans to and receivables from customers attributable to Retail financing 16,269 41,726 Dealer financing 3,584 14,638 Leasing business 18,809 34,344 Lease assets 11,571 14,696 Equity 7,624 16,951 Operating profit2 609 609 Profit before tax2 643 615 In % (as of December 31) 2017 2016 Cost/income ratio3 73 89 Equity ratio4 11.1 13.0 Return on equity5 8.4 8.1 Number (as of December 31) 2017 2016 Employees 8,555 11,819 Germany 5,198 6,145 International 3,357 5,674 1 Previous year restated as explained in the disclosures on the leasing business in the United Kingdom and Irish markets and in the disclosures on the separately recognized derivatives in the United Kingdom market in the section entitled “Restated Prior-Year Figures” in the notes. 2 Previous year restated as explained in the disclosures relating to the discontinued operations in the section entitled “Restated Prior-Year Figures” in the notes. 3 General and administrative expenses, adjusted for expenses passed on to other entities in the Volkswagen Group / net income from lending, leasing and insurance transactions (after provision for credit risks) and net fee and commission income. 4 Equity / total assets. 5 Profit before tax / average equity. Due to the reorganization of the legal entities, return on equity for 2017 and 2016 is determined using only the equity as of December 31, 2017.
    [Show full text]
  • Comp/M.6763 - Vwfs / Pon Holdings B.V
    Disclaimer : The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein. COMP/M.6763 - VWFS / PON HOLDINGS B.V. / PON EQUIPMENT RENTAL & LEASE SECTION 1.2 Description of the concentration 1. "On 25 February 2013, the Commission received notification of a proposed concentration pursuant to Article 3(1)(b) of the Merger Regulation, according to which Volkswagen Pon Financial Services BV ("VWPFS"), an existing full function joint venture between Volkswagen Financial Services AG (“VWFS”) and Pon Holdings BV (“Pon”), will acquire control over Pon Equipment Rental & Lease BV (“PERL”), a subsidiary of Pon. PERL is active in the leasing of trucks and buses of the MAN brand. 2. VWPFS is active in the leasing of passenger cars and light commercial vehicles on the Dutch market. It offers both operational and financial leasing as well as a number of ancillary services. 3. VWFS is a wholly-owned subsidiary of Volkswagen AG, the parent company of the Volkswagen group (the "VW Group"). It is responsible for coordinating most of the worldwide financial services activities of the VW Group. It specializes in the provision of financial services mainly relating to the distribution and financing of passenger cars and light commercial vehicles of the VW Group brands.
    [Show full text]
  • BESLUIT Besluit Van De Directeur-Generaal Van De
    BESLUIT Besluit van de directeur-generaal van de Nederlandse mededingingsautoriteit als bedoeld in artikel 37, eerste lid, van de Mededingingswet. Zaaknummer 2182/ Pon - Kreek I. MELDING 1. Op 3 november 2000 heeft de directeur-generaal van de Nederlandse mededingingsautoriteit een melding ontvangen van een voorgenomen concentratie in de zin van artikel 34 van de Mededingingswet. Hierin is medegedeeld dat Pon Holdings B.V. voornemens is zeggenschap te verkrijgen, in de zin van artikel 27, onder b, van de Mededingingswet, over Kreek Holding B.V. Van de melding is mededeling gedaan in Staatscourant 216 van 7 november 2000. Naar aanleiding van de mededeling in de Staatscourant zijn geen zienswijzen van derden naar voren gebracht. II. PARTIJEN 2. Pon Holdings B.V. (hierna: Pon) is een besloten vennootschap naar Nederlands recht. De ondernemingen die deel uitmaken van de Pon-groep zijn actief op het gebied van import van autos (van de merken Volkswagen, Audi, Porsche, Seat en Skoda), vrachtwagens, heftrucks, banden en onderdelen, alsmede financile dienstverlening, telecommunicatie en import van industrile producten en diensten. Voorts ontplooit zij activiteiten op het gebied van de detailhandel in nieuwe en gebruikte autos, onderdelen en accessoires, dienstverlening op het gebied van onderhoud, (schade)reparatie en leasing van autos, alsmede assurantiebemiddeling. 3. Kreek Holding B.V. (hierna: Kreek) is een besloten vennootschap naar Nederlands recht. Kreek is actief op het gebied van de detailhandel in nieuwe en gebruikte autos (van de merken Audi en Volkswagen), lichte bedrijfswagens en daarbij behorende onderdelen en accessoires, het verlenen van service op het gebied van onderhoud en reparatie van (lichte bedrijfs-) autos, autoleasing, verhuur van autos, schadeherstel, alsmede assurantie- en financieringsbemiddeling.
    [Show full text]
  • Annual Report Ifrs 2019
    ANNUAL REPORT IFRS 2019 Key Figures VOLKSWAGEN FINANCIAL SERVICES AG € million (as of Dec. 31) 2019 2018 Total assets 112,444 80,462 Loans to and receivables from customers attributable to Retail financing 20,712 16,676 Dealer financing 5,413 4,062 Leasing business 39,951 19,760 Lease assets 22,776 13,083 Equity 12,029 8,016 Operating profit 1,223 844 Profit before tax 1,264 818 in percent (as of Dec. 31) 2019 2018 Cost/income ratio1 54 59 Equity ratio2 10.7 10.0 Return on equity3 12.6 10.5 Number (as of Dec. 31) 2019 2018 Employees 10,773 8,603 Germany 5,763 5,340 International 5,010 3,263 1 General and administrative expenses, adjusted for expenses passed on to other entities in the Volkswagen Group / interest income from lending transactions and marketable securities, net income from leasing transaction, interest expenses, net income from service contracts, net income from insurance business, provision for credit risks and net fee and commission income. 2 Equity/total assets. 3 Profit before tax / average equity. RATING (AS OF DEC. 31) STANDARD & POOR’S MOODY’S INVESTORS SERVICE Short-term Long-term Outlook Short-term Long-term Outlook Volkswagen Financial Services AG A-2 BBB+ stable P-2 A3 stable All figures shown in the report are rounded, so minor discrepancies may arise when amounts are added together. The comparative figures from the previous fiscal year are shown in parentheses directly after the figures for the current fiscal year. COMBINED MANAGEMENT REPORT CONSOLIDATED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 04 Fundamental
    [Show full text]
  • Besluit in Zaak 1035 (PDF
    OPENBARE VERSIE BESLUIT Besluit van de directeur-generaal van de Nederlandse mededingingsautoriteit als bedoeld in artikel 37, eerste lid, van de Mededingingswet. Zaak nr: 1035/Pon Holdings - Century Auto Groep Nummer: NMa-1035/4 1. Op 12 augustus 1998 heeft de directeur-generaal van de Nederlandse mededingingsautoriteit een melding ontvangen van een voorgenomen concentratie in de zin van artikel 34 van de Mededingingswet. Hierin is medegedeeld dat Pon Holdings B.V. voornemens is zeggenschap te verkrijgen in de zin van artikel 27, onder b, van de Mededingingswet over Auto Century B.V., Century Auto Lease B.V., Autoschadecentrum Hoendiep B.V. en Auto Ten Cate Roden B.V. Van de melding is mededeling gedaan in Staatscourant 154 van 17 augustus 1998. Naar aanleiding van de mededeling in de Staatscourant zijn geen zienswijzen van derden naar voren gebracht. 2. Pon Holdings B.V. (hierna: Pon) is een besloten vennootschap naar Nederlands recht. Pon is actief in de handel in nieuwe en gebruikte auto’s, onderdelen en accessoires, dienstverlening op het gebied van onderhoud en (schade)reparatie van auto’s en leasing, import van automobielen, banden, vrachtwagens, landbouwtrekkers, heftrucks en onderdelen, alsmede financiële dienstverlening, telecommunicatie en import van industriële producten en diensten. 3. Auto Century B.V., Century Auto Lease B.V., Autoschadecentrum Hoendiep B.V. en Auto Ten Cate Roden B.V. (hierna: de Century-dochters) zijn besloten vennootschappen naar Nederlands recht. Het gehele aandelenkapitaal van deze vennootschappen is in handen van Van der Straaten Beheer B.V. De Century-dochters ontplooien activiteiten op het gebied van handel in nieuwe en gebruikte auto’s, onderdelen en accessoires, het verlenen van service op het gebied van onderhoud en (schade)reparatie van auto’s en leasing.
    [Show full text]
  • Volkswagen Financial Services Ag Ag Services Financial Volkswagen
    VOLKSWAGEN AKTIENGESELLSCHAFT HISTORICAL NOTES I 6 A series of publications from Volkswagen Aktiengesellschaft, Corporate History Department Bank, Leasing, Insurance – A Chronicle of 60 Years of Services Financial of Bank, Leasing, 60 – A Chronicle Years Insurance | VOLKSWAGEN FINANCIAL SERVICES AG AG SERVICES FINANCIAL VOLKSWAGEN 6 © Volkswagen Aktiengesellschaft FSC_Nummer | Corporate History Department Gedruckt auf FSC- Letter box 1974 zertifi ziertem Papier 38436 Wolfsburg/Germany Volkswagen Financial Services AG www.volkswagen.de E-Mail: [email protected] Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services HISTORICAL NOTES HISTORICAL HISTORICAL NOTES A series of publications from Volkswagen Aktiengesellschaft, Corporate History Department Volkswagen Financial Services AG Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services IMPRINT EDITORS for the Corporate History Department of Volkswagen Aktiengesellschaft Manfred Grieger, Ulrike Gutzmann, Dirk Schlinkert TEXT Eike-Christian Heine Matthias Dudde REPRODUCTION AND DIGITAL IMAGE PROCESSING SHIFT MEDIA, Herten DESIGN design agenten, Hanover PRINTED BY Hahn-Druckerei, Hanover ISSN 1615-1593 ISBN 978-3-935112-38-3 © Volkswagen AG 2009 Wolfsburg 2009 CONTENTS Volkswagen Financial Services AG Bank, Leasing, Insurance – A Chronicle of 60 Years of Financial Services 1. The Global Mobility Service Provider 06 2. From Lender to Banker: Volkswagen Bank 16 3. Mobility for a Fixed Term: Volkswagen Leasing 30 4. Safe Driving: Volkswagen Insurance 38 5. Chronicle 48 The Global Mobility Service Provider 6 THE GLOBAL MOBILITY SERVICE PROVIDER The Financial Services strategy In November 1988, the then Chairman of the Board of mbH” (VFG), was operating on a twofold basis in autumn Management, Carl H. Hahn, stood in front of the Superviso- 1988: in Retail Financing, car loans were offered to custom- ry Board and described the strategy for the reorientation of ers buying the Group marques Volkswagen, Audi and Seat.
    [Show full text]
  • Responsibility and Change Sustainability Report 2016 VOLKSWAGEN KONZERN NACHHALTIGKEITSBERICHT 2016
    Responsibility and Change Sustainability Report 2016 VOLKSWAGEN KONZERN NACHHALTIGKEITSBERICHT 2016 Content Page 06 > LETTER TO OUR STAKEHOLDER Page 01 > GROUP Page 05 > STRATEGY Page 31 > ECONOMY Page 54 > PEOPLE Page 74 > ENVIRONMENT Page 101 > FACTS AND FIGURES Page 131 > BRANDS Page 166 > REGIONS Page 190 > IMPRINT This publication is an abridged version of our online Sustainability Report 2016. To read the report in full, please visit: sustainabilityreport2016.volkswagenag.com VOLKSWAGEN KONZERN SUSTAINABILITY REPORT 2016 GROUP Group 12 Brands, 120 Locations – One Group With 12 brands, the Volkswagen Group – based in Wolfsburg, Germany – is one of the world’s leading automobile manufacturers and the largest in Europe. In 2016, the Group – including Chinese joint ventures – delivered a total of 10,296,997 cars and commercial vehicles to customers. This equated to 11.9% of the global passenger car market. The Group’s sales revenue totaled €217,267 million in 2016, while earnings after tax came to €5,379 million. More than 620,000 employees produce an average of 43,000 vehicles per working day at 120 manufacturing locations on four con- tinents, or are involved in providing mobility-related services. STRUCTURE Volkswagen AG is the parent company of the Volkswagen Group. tions 285 and 313 of the Handelsgesetzbuch (HGB – German Com- It develops vehicles and components for the Group’s brands, but mercial Code), which can be accessed at www.volkswagen.com/en/ir also produces and sells vehicles, in particular passenger cars and and forms part of the annual financial statements. light commercial vehicles from the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands.
    [Show full text]