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Introduction
Report of the Board of Directors and Executive Board
Reporting Regions
Core Activities
Customer Groups
Sustainable Growth
Consolidated and Annual Financial Statements 2010
Annual Financial Statements 2010 of Panalpina World Transport (Holding) Ltd.
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Annual Report 2010
Introduction
Interview with the Chairman and CEO
Report of the Board of Directors and Executive Board
Report of the Board of Directors
Report of the Executive Board
Market conditions and outlook
Net forwarding revenue (NFR)
Gross profit (GP)
Earnings before interest, taxes, depreciation and amortization (EBITDA)
Balance Sheet
Cash Flow
Group Management Structure
Reporting Regions
Europe / Middle East / Africa and CIS
North America
Central and South America
Asia Pacific
Core Activities
Air Freight
Ocean Freight
Logistics
Customer Groups
Telecom
Hi-tech
Automotive
Healthcare and Chemicals
Retail and Fashion
Oil and Gas
Panprojects
Sustainable Growth
CEO Statement
Quality, Security and HSE
Employees
Corporate Culture
Information Technology
Social Commitment
Corporate Governance
1 Group structure and shareholders
2 Capital structure
3 Board of Directors
4 Executive Board
5 Compensation, shareholdings and loans
6 Shareholders participation
7 Changes of control and defence measures
8 Auditors
9 Information policy
Consolidated and Annual Financial Statements 2010
Consolidated Income Statement
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity 2010
Consolidated Statement of Changes in Equity 2009
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements
1. General information
2. Summary of significant accounting policies
3. Significant accounting policies
4. Critical accounting estimates and judgments
5. Operating segment information
6. Personnel expenses
7. Post-employment benefit obligations
8. Share and option ownership program
9. Other operating expenses
10. Gains and losses on sales of non-current assets
11. Finance income and costs
12. Income tax expenses
13. Earnings per share
14. Property, plant and equipment
15. Intangible assets
16. Investments
17. Group risk management
18. Financial risk management
19. Other receivables and other current assets
20. Trade receivables
21. Derivative financial instruments
22. Cash and cash equivalents
23. Share capital and treasury shares
24. Non-controlling interests
25. Borrowings
26. Long-term provisions
27. Deferred income taxes
28. Provisions and other liabilities
29. Related parties
30. Business combinations/disinvestments
31. Additional information
Principal Group companies and participations
Report of the Group Auditors
Key Figures 5-year review in CHF
Consolidated Statement of Financial Position 5-year review in CHF
Key Figures 5-year review in EUR
Consolidated Statement of Financial Position 5-year review in EUR
Annual Financial Statements 2010 of Panalpina World Transport (Holding) Ltd.
Income Statement
Statement of Financial Positionas of 31 December (before profit appropriation)
Notes to the Financial Statements
1 .General
2. Valuation methods and translation of foreign currencies
3. Income from participations
4. Financial income
5. Royalty income
6. Release of valuation allowance on loans to Group companies
7. Personnel expenses
8. Other administrative expenses
9. Financial expenses
10. Depreciation and value adjustments
11. Net reversal of hidden reserves
12. Cash pool receivables and payables
13. Receivables Group
14. Financial receivables and loans Group companies
15. Marketable securities
16. Participations
17. Own shares
18. Provisions
19. Share capital
20. General legal reserves
21. Guarantees
22. Contingent liabilities
23. Pending legal claims
24. Risk management
Appropriation of Available Earnings
Report of the Statutory Auditor