Terma A/S Annual Report 2010/11
Terma A/S Annual Report 2010/11 Terma A/S Annual Report 2010/11
Annual Report 2010/11
Board of Directors Svend-Aage Nielsen, Chairman Flemming H. Tomdrup, Deputy Chairman Henrik Stenbjerre Anders Eldrup Bo Laursen Paul-Werner Friis Johnsen Executive Management Jens Maaløe, President & CEO Bankers Danske Bank Holmens Kanal 2–12 1092 Copenhagen K Denmark Owners Thrige Holding A/S Copenhagen Auditors KPMG Statsautoriseret Revisionspartnerselskab Flemming Brokhattingen State-Authorized Public Accountant Jes Lauritzen State-Authorized Public Accountant Værkmestergade 25 8000 Aarhus C Denmark Contents 4 Financial Highlights – Consolidated 5 Highlights of the Year 6 Management’s Review 2010/11 14 Business Areas 16 International Group Locations 18 Accounting Policies 23 Executive Management’s Statement 24 Independent Auditor’s Report 25 Statement of Income 26 Balance Sheet – Assets 27 Balance Sheet – Equity and Liabilities 28 Cash Flow Statement 29 Notes © Terma 2011 Production idworks a/s Images David Bering, Simon Thomas, Lockheed Martin Corporation, U.S. Navy, Andreas Szlavik, www.politi.dk, Cezary Piwowarski, ESA (page 16, top/left: ESA - P. Carril), U.S. Air Force/Tech. Sgt. Caycee Cook, Jakob Eskildsen, and Terma Printing Strandbygaard Grafisk A/S
- Page 1: Terma A/S Annual Report 2010/11
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- Page 8: Management’s Review 2010/11 Based
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- Page 15 and 16: Naval Systems The Naval Systems C-S
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<strong>Annual</strong><br />
<strong>Report</strong><br />
<strong>2010</strong>/<strong>11</strong>