Scania Annual Report 2011

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122 notes to the consolidated financial statements NOTE 26 Wages, salaries and other remuneration and number of employees, continued Wages, salaries and other remuneration, pension expenses and other mandatory payroll fees by region Wages, salaries and other remuneration 2011 2010 2009 Mandatory payroll fees (of which pensions) Wages, salaries and other remuneration Mandatory payroll fees (of which pensions) Wages, salaries and other remuneration Mandatory payroll fees (of which pensions) Sweden 5,478 2,415 (519) 4,979 2,344 (626) 4,222 2,069 (682) Europe (excluding Sweden) 4,478 1,083 (371) 4,395 1,020 (342) 4,509 1,045 (364) Eurasia 176 24 (16) 147 17 (14) 132 16 (12) America 1,917 649 (46) 1,555 504 (17) 1,354 466 (38) Asia 293 19 (12) 254 14 (8) 225 15 (9) Africa and Oceania 437 37 (31) 398 34 (29) 313 29 (22) Total 12,779 4,227 (995) 11,728 3,933 (1,036) 10,755 3,640 (1,127) Average number of employees (excluding personnel on hire) 2011 2010 2009 Total Women Total Women Total Women Sweden 12,165 20% 10,727 19% 11,083 19% Europe (excluding Sweden) 12,605 13% 12,246 12% 12,304 12% Eurasia 769 25% 650 25% 718 24% America 5,397 12% 4,713 11% 4,189 11% Asia 1,091 17% 1,029 17% 935 18% Africa and Oceania 1,257 16% 1,196 15% 1,160 15% Total 33,284 16% 30,561 15% 30,389 15% Gender distribution 2011 2010 2009 Board members in subsidiaries and the Parent Company 384 359 387 – of whom, men 379 354 382 – of whom, women 5 5 5 Presidents/Managing Directors of subsidiaries and the Parent Company, plus the Group’s Executive Board 94 96 102 – of whom, men 94 96 101 – of whom, women – – 1 Number of employees, 31 December 2011 2010 2009 Vehicles and Services Production and corporate units 17,489 17,006 14,672 Research and development 3,327 2,930 2,642 Sales and service companies 16,038 14,987 14,475 Subtotal 36,854 34,923 31,789 Financial Services 642 591 541 Total 37,496 35,514 32,330 – of whom, on temporary contracts and on hire 4,121 4,502 1,798 financial reports Scania 2011
123 NOTE 27 Related party transactions Revenue Expenses Receivables Liabilities 2011 2010 2009 2011 2010 2009 2011 2010 2009 2011 2010 2009 Volkswagen Group 369 30 27 378 222 205 235 15 4 170 8 12 Associated companies and joint ventures Bits Data i Södertälje AB – – – 17 16 15 – – – 1 2 1 Cummins-Scania HPI L.L.C – – – 168 120 78 – – – 17 27 16 Cummins-Scania XPI Manufacturing L.L.C 77 58 21 274 302 255 14 18 7 7 23 16 Laxå Special Vehicles AB 15 12 – 134 66 – 4 8 – 41 31 – ScaMadrid S.A. 70 101 78 25 30 36 8 13 8 1 1 2 ScaValencia S.A. 94 88 120 61 42 67 12 8 8 2 2 3 Others 10 – 13 6 – 8 – – 1 1 – – Disclosures of relationships with related parties that include a controlling influence are provided in the list of subsidiaries. See also the presen tation of Scania’s Board of Directors and Executive Board as well as Note 28, “Compensation to executive officers”. Disclosures of dividends from, and capital contributions to, associated companies and joint ventures are provided in Note 13, “Holdings in associated companies and joint ventures etc”. Disclosures of pension plans are provided in Note 17, “Provisions for pensions and similar commitments” and Note 26, “Wages, salaries and number of employees”. Purchases and leases of company cars are included in the transactions with the Volkswagen Group. Comparative years have been adjusted with these transactions. During 2011 Volkswagen increased its ownership of MAN, which means that the MAN Group is now a related party and is included in the Volkswagen Group. All related party transactions occur on market terms. NOTE 28 Compensation to executive officers REMUNERATION TO THE BOARD According to the decision of the Annual General Meeting (AGM), remuneration during 2011 to be paid to the external members of the Board of Directors elected by the AGM totalled SEK 2,500,000 (2,031,250), with SEK 500,000 (406,250) to each Board member elected by the AGM who is not an employee of the company or of Volkswagen AG. For work performed in the Audit Committee, the AGM approved remuneration of SEK 200,000 to the Chairman of the Audit Committee and SEK 100,000 each to the other Audit Committee members who are not employees of Volkswagen AG. For work performed in the Remuneration Committee, the AGM approved remuneration of SEK 50,000 each to the Remuneration Committee members who are not employees of Volkswagen AG. Beyond the customary remuneration to the Board, no compensation from Scania was paid to the members of the Board who are not employees of the company. PRINCIPLES FOR COMPENSATION TO EXECUTIVE OFFICERS The principles for compensation to Scania executive officers are adopted by the AGM. The purpose is to offer a market-related compensation package that will enable the company to recruit and retain executive officer s. Compensation to executive officers consists of the following parts: 1. Fixed salary 2. Variable earnings-dependent salary 3. Pension The fixed salary of executive officers shall be competitive in relation to position, individual qualifications and performance. The fixed salary is reviewe d annually. The size of the variable salary is dependent on Scania’s earnings. The pension comprises a premium-based pension system that applies in addition to the public pension and the ITP occupational pension. financial reports Scania 2011
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ANNUAL REPORT 2011
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1 Operations 2-31 Statement of the
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SCANIA’S STRATEGY 3 Our solution
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The world of Scania Scania is a glo
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scania’s strategY 7 Scania’s st
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SCANIA’S STRATEGY 9 The change in
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SCANIA’S STRATEGY 11 The aluminiu
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SCANIA’S STRATEGY 13 Profitable b
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SCANIA’S STRATEGY 15 Component mo
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SCANIA’S STRATEGY 17 Methods for
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SCANIA’S STRATEGY 19 Scania is st
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market - TRUCKS 21 Effective overal
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23 assembles the bodies for the Sca
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100 years of innovation In 2011, Sc
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27 Productivity and energy efficien
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SCANIA’S STRATEGY 29 service tech
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SCANIA’S STRATEGY 31 Experience s
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34 MARKET Lastbilar nettoomsättnin
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36 production
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38 production Greater flexibility w
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40 RESEARCH AND DEVELOPMENT
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42 RESEARCH AND DEVELOPMENT Scania
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44 SCANIA’S SUSTAINABILITY WORK R
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46 SCANIA’S SUSTAINABILITY WORK K
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48 SCANIA’S SUSTAINABILITY WORK S
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50 SCANIA’S SUSTAINABILITY WORK S
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52 SCANIA’S SUSTAINABILITY WORK C
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54 SCANIA’S SUSTAINABILITY WORK M
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56 Scania share data Scania share d
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58 Annual General Meeting and Finan
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60 Risks and risk management servic
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62 Risks and risk management Produc
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64 CORPORATE GOVERNANCE REPORT owne
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66 CORPORATE GOVERNANCE REPORT The
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68 CORPORATE GOVERNANCE REPORT by t
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70 BOARD OF DIRECTORS Board of Dire
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Page 76 and 77: financial reports Amounts in tables
Page 78 and 79: 76 group financial review Group fin
Page 80 and 81: 78 group financial review During 20
Page 82 and 83: 80 consolidated income statements C
Page 84 and 85: 82 consolidated balance sheets Cons
Page 86 and 87: 84 Consolidated statement of change
Page 88 and 89: 86 notes to the consolidated financ
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Page 140 and 141: 138 parent company financial statem
Page 142 and 143: 140 notes to the parent company fin
Page 144 and 145: 142 proposed guidelines for salary
Page 146 and 147: 144 audit report Audit Report TRANS
Page 148 and 149: 146 quarterly data Quarterly data,
Page 150 and 151: 148 key financial ratios and figure
Page 152 and 153: 150 multi-year statistical review M
Page 154 and 155: 152 The Annual Report contains forw
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Scania Annual Report 2011

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