Annual report 2009 Metroselskabet PARTNERSHIP Corporate information The Corporation Board of Directors Metroselskabet I/S Henning Christophersen (Chairman) Metrovej 5 Jesper Christensen (Vice Chairman) DK-2300 Copenhagen S Jørgen Glenthøj (Vice Chairman) Birgit Aagaard-Svendsen Tel.: +45 3311 1700 Hans Jensen Fax: +45 3311 2301 Ayfer Baykal E-mail:
[email protected] Birthe Skaarup Website: www.m.dk Jens H. Gravgaard Bente G. Rønnebæk Reg. No.: 30 82 36 99 Founded under the provisions of Act no. 551 of Board of Executives 6 June 2007. Henrik Plougmann Olsen Financial year: 1 January to 31 December (Managing Director) Registered district: City of Copenhagen Auditors The National Audit Office of Denmark Deloitte BDO Kommunernes Revision A/S (approved auditing company) Ownership The City of Copenhagen: 50% The Danish Government: 41.7% The City of Frederiksberg: 8.3% Table of contents 4 Preface Directors' report 6 Finances 10 Corporation management 16 Metro operations 20 City Circle Line 24 Social responsibility Financial statements: 1 January to 31 December 2009 30 Accounting policies 35 Profit and Loss Account 36 Balance Sheet 38 Cash Flow Statement 40 Notes 49 Metroselskabet, Board of Directors and Board of Executives Endorsements 52 Management endorsement 53 Independent auditor's report Appendix to the directors' report 58 Metroselskabet long-term budget 2010 PAGE 4 METROSELSKABET Preface For Metroselskabet, last year will be remembered Operation of the existing Metro returned a satisfac- as the year the work on the City Circle Line became tory profit of DKK 66 million. An improvement of DKK visible on the street. Since autumn, Kongens Nytorv 9 million compared to 2008.