Terma A/S Annual Report 2010/11
Terma A/S Annual Report 2010/11
Terma A/S Annual Report 2010/11
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Board of Directors<br />
Svend-Aage Nielsen, Chairman<br />
Flemming H. Tomdrup, Deputy Chairman<br />
Henrik Stenbjerre<br />
Anders Eldrup<br />
Bo Laursen<br />
Paul-Werner Friis Johnsen<br />
Executive Management<br />
Jens Maaløe, President & CEO<br />
Bankers<br />
Danske Bank<br />
Holmens Kanal 2–12<br />
1092 Copenhagen K<br />
Denmark<br />
Owners<br />
Thrige Holding A/S<br />
Copenhagen<br />
Auditors<br />
KPMG<br />
Statsautoriseret Revisionspartnerselskab<br />
Flemming Brokhattingen<br />
State-Authorized Public Accountant<br />
Jes Lauritzen<br />
State-Authorized Public Accountant<br />
Værkmestergade 25<br />
8000 Aarhus C<br />
Denmark<br />
Contents<br />
4 Financial Highlights – Consolidated<br />
5 Highlights of the Year<br />
6 Management’s Review <strong>2010</strong>/<strong>11</strong><br />
14 Business Areas<br />
16 International Group Locations<br />
18 Accounting Policies<br />
23 Executive Management’s Statement<br />
24 Independent Auditor’s <strong>Report</strong><br />
25 Statement of Income<br />
26 Balance Sheet – Assets<br />
27 Balance Sheet – Equity and Liabilities<br />
28 Cash Flow Statement<br />
29 Notes<br />
© <strong>Terma</strong> 20<strong>11</strong><br />
Production idworks a/s<br />
Images David Bering, Simon Thomas, Lockheed Martin Corporation, U.S. Navy, Andreas Szlavik, www.politi.dk, Cezary Piwowarski,<br />
ESA (page 16, top/left: ESA - P. Carril), U.S. Air Force/Tech. Sgt. Caycee Cook, Jakob Eskildsen, and <strong>Terma</strong><br />
Printing Strandbygaard Grafisk A/S
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