Scania Annual Report 2011

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Scania’s objective is to provide the best profitability for its customers throughout the product life cycle by delivering optimised heavy trucks and buses, engines and services – thereby becoming the leading company in its industry. The foundation is Scania’s core values, focus on methods and dedicated employees. This English version of Scania’s Annual Report is a translation of the Swedish-language original, the binding version that shall prevail in case of discrepancies. Translation: Victor Kayfetz, Scan Edit and David Murphy, Word of Mouth. The Financial Reports encompass pages 74-141 and 144-151 and were prepared in compliance with International Financial Reporting Standards (IFRSs). The Report of the Directors encompasses pages 32-73 and 142-143. The Report of the Directors and accompanying Financial Reports also fulfil the requirements of the Swedish Annual Accounts Act and have been audited by Scania’s auditors. Scania’s Swedish corporate identity number: Scania AB (publ) 556184-8564. Unless otherwise stated, all comparisons in this Annual Report refer to the same period of the preceding year.
1 Operations 2–31 Statement of the President and CEO 2 Scania in brief 4 Scania’s strategy 6–17 Scania’s strategic platform 6–7 A focus on the customer and sustainability 8–11 Profitable business through customised solutions 12–15 Methods for sustainable profitability 16–17 Market 18–31 Trucks 18–21 Buses and coaches 22–25 Engines 26–27 Services 28–29 Financial services 30–31 Report of the directors 32–73, 142–143 Market trends, 2011 32–35 Production 36–39 Research and development 40–43 Scania’s sustainability work 44–55 Global driving forces 44–45 Key role for sustainable transport solutions 46–47 Safety, health and the environment in the value chain 48–49 Scania’s environmental work 50–51 Competency, dedication and well-being 52–53 Management and monitoring of sustainability work 54–55 Scania share data 56–57 Annual General Meeting and financial information 58 Risks and risk management 59–62 Corporate Governance Report 63–68 Articles of Association 69 Board of Directors 70 Executive Board and Corporate Units 72 FINANCIAL REPORTS 74 –141, 144 –151 Group financial review 76 Consolidated income statements 80 Consolidated balance sheets 82 Consolidated statements of changes in equity 84 Consolidated cash flow statements 85 Notes to the consolidated financial statements 86–137 Parent Company financial statements, Scania AB 138 Notes to the Parent Company financial statements 140 Proposed guidelines for salary and other remuneration 142 Proposed distribution of earnings 143 Audit report 144 Quarterly data 146 Key financial ratios and figures 148 Definitions 149 Multi-year statistical review 150 Scania 2011
Page 1: ANNUAL REPORT 2011
Page 5 and 6: SCANIA’S STRATEGY 3 Our solution
Page 7 and 8: The world of Scania Scania is a glo
Page 9 and 10: scania’s strategY 7 Scania’s st
Page 11 and 12: SCANIA’S STRATEGY 9 The change in
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Page 23 and 24: market - TRUCKS 21 Effective overal
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Page 27 and 28: 100 years of innovation In 2011, Sc
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Scania AB (publ), SE-151 87 Södert
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Scania Annual Report 2011

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