Consolidated report
Portfolio companies
Statements
1 Intro 2 Key figures 3 Highlights 4 Our businesses 6 Management’s report 8 Income statement and cash flows 10 Balance sheet 11 Outlook 12 Board of Directors 13 Executive management 14 Investor information 16 Management Bodies 18 Corporate Governance 19 The financial reporting process
20 BioMar 22 Fibertex Personal Care 24 Fibertex Nonwovens 26 Grene 28 Hydra-Grene 30 Martin 32 Xergi 33 Andre investeringer
78 Statement by the board of directors and the managment 79 Independent auditor’s report
Financial statements CONSOLIDATED FINANCIAL STATEMENTS 34 Statement of income and comprehensive income 35 Balance sheet 36 Cash flow statement 37 Statement of changes in equity 38 Notes PARENT COMPANY FINANCIAL STATEMENTS 59 Income- and comprehensive statement 60 Balance sheet 61 Cash flow statement 62 Statement of changes in equity 63 Notes 72 Accounting policies
This publication is a translation of the statutory Danish Annual Report 2011. The original Danish text shall be controlling for all purposes, and in cases of discrepancy, the Danish wording shall be applicable.