annual report 2008 Pelikan Holding AG

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Pelikan Group GROUP AND ASSOCIATED COMPANIES AS AT DECEMBER 31, 2008 Country and location Name Capital stock in 1000 Belgium Group Holding in % thereof directly held by Pelikan Holding AG in % Consolida tion Groot-Bijgaarden Pelikan Belux N.V./ S.A. EUR 837 100 100 C D Operation Bosnia Odzak German Hardcopy doo EUR 1 100 C P Turkey Istanbul Pelikan Ofis Ve Kirtasiye Malzemeleri Ticaret Ltd Sirketi TRY 100 60 60 C D USA Nashville, TN Pelikan, Inc. USD 7,633 100 100 C O LATIN-AMERICA Argentina Buenos Aires Pelikan Argentina S.A. ARS 2,864 51 6.2 C P/D Colombia Santafé de Bogotá Indistri S.A. COP 3,800,000 20 20 E P/D Mexico Puebla Productos Pelikan S.A. de C.V. MXP 20,119 49.9 49 .9 C P/D Venezuela Caracas Artof C.A. VEB 50,020 25 25 E O Costa Rica San Jose Pelikan Costa Rica S.A. COL 150,059 100 100 C O OTHER COUNTRIES Australia Milperra Columbia Pelikan PTY Limited AUD 2,659 40 40 E P/D Japan Tokyo Pelikan Japan K.K. JPY 200,000 25 25 E D Malaysia Puchong Pelikan Asia Sdn. Bhd. MYR 10,500 100 100 C D Consolidation: C = Fully consolidated E = Equity Accounting Operation: P = Production companies D = Distribution companies S = Service/Real estate companies H = Holding companies O = Companies without operational activity 39
Report of the statutory auditor on the consolidated financial statements to the general meeting of Pelikan Holding AG, Feusisberg As statutory auditor, we have audited the consolidated financial statements of Pelikan Holding AG, which comprise the consolidated income statement, consolidated balance sheet, consolidated statement of cash flows, consolidated statement of changes in equity and notes (pages 18 to 39) for the year ended 31 December 2008. Board of Directors’’Responsibility The Board of Directors is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Swiss GAAP FER and the requirements of Swiss law. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. The Board of Directors is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements for the year ended 31 December 2008 give a true and fair view of the financial position, the results of operations and the cash flows in accordance with Swiss GAAP FER and comply with Swiss law. 40
Page 1 and 2: PELIKAN HOLDING AG 2 0 0 8 A N N U
Page 3 and 4: REPORT OF THE BOARD OF DIRECTORS In
Page 5 and 6: PELIKAN GROUP MANAGEMENT REPORT Bus
Page 7 and 8: Investments in fixed assets (Contd.
Page 9 and 10: Outlook The world economies remain
Page 11 and 12: Shareholders’rights Each share en
Page 13 and 14: Ng Cheong Seng, Malaysia Ng Cheong
Page 15 and 16: Remuneration of the Executive Commi
Page 17 and 18: Resolutions and elections at Genera
Page 19 and 20: Pelikan Group CONSOLIDATED INCOME S
Page 21 and 22: Pelikan Group CONSOLIDATED STATEMEN
Page 23 and 24: Pelikan Group NOTES TO THE CONSOLID
Page 25 and 26: Pelikan Group Tangible fixed assets
Page 27 and 28: Pelikan Group 3. Acquisition of sub
Page 29 and 30: Pelikan Group 8. Financial result C
Page 31 and 32: Pelikan Group 14. Tangible fixed as
Page 33 and 34: Pelikan Group 16. Deferred tax (Con
Page 35 and 36: Pelikan Group 20. Other short term
Page 37 and 38: Pelikan Group 22. Other provisions
Page 39: Pelikan Group GROUP AND ASSOCIATED
Page 43 and 44: Pelikan Holding AG, Feusisberg Fina
Page 45 and 46: Pelikan Holding AG, Feusisberg BALA
Page 47 and 48: Pelikan Holding AG, Feusisberg NOTE
Page 49 and 50: Pelikan Holding AG, Feusisberg 10.
Page 51 and 52: Pelikan Holding AG, Feusisberg PROP
Page 53 and 54: Report on Other Legal Requirements
Page 55 and 56: ADDRESSES EUROPE Austria Pelikan Au
Page 57 and 58: AMERICAS Mexico Productos Pelikan,

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