TABLE OF CONTENTS
THE COMPANY Foreword of the Chief Executive Officer Bodies of the Company Report of the Supervisory Board Locations and Markets Group Structure Goal and Strategy KTM Power Sports AG KTM-Sportmotorcycle AG HUSABERG KTM Racing KTM Adventure KTM Track’n Test (TnT) KTM Dealer & Financial Services GmbH KTM Technologies GmbH KTM Distribution Organization Human Resources Investments, Research and Development Quality Vision
INVESTOR RELATIONS The KTM Share Financial Calendar 2012 General Information on the KTM Share
06 07 08 09 10 11 12 13 14 15 16 18 19 20 21 22 23 24 26 27
28 28 29 29
CORPORATE GOVERNANCE REPORT
30
Boards Corporate Governance at KTM
30 33
GROUP STATUS REPORT 2011 Market Development Turnover Development by Regions Sales by Regions Turnover by Product Groups Sales by Product Groups Performance Analysis Balance Sheet Analysis Liquidity Analysis Investments Employees Research and Development Racing Financial Instruments Quality Risk Report Sustainability Events after the Balance Sheet Date Information required acc. to Article 243a UGB Outlook
CONSOLIDATED FINANCIAL STATEMENTS 2011 Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Balance Sheet as at December 31 Consolidated Cash Flow Statement Development of the Group’s Equity Capital Notes to the Consolidated Financial Statements Enclosures to the Notes Independent Auditor’s Report
STATEMENT OF ALL LEGAL REPRESENTATIVES
Other Information Imprint
35 36 36 37 37 37 38 38 39 39 39 40 40 40 40 40 40 42 42 42
43 44 45 46 48 50 51 94 102
105 106 107
05