CLOSE-UP Annual Report 2011 CLOSE-Up Annual report 2011

186 Pages·2012·4.81 MB·English

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Published by COunTRIeS
TÜV SÜD AG 1
Westendstr. 199 1
80686 Munich / Germany 0
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© TÜV SÜD AG / Munich. Tüv Süd AG A
All rights reserved.
Westendstr. 199 u
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80686 Munich / Germany
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Corporate phone:// [phone] A
Communications
fax:// [phone]
Matthias Andreesen Viegas
Jörg Riedle mail:// [email protected]
Corporate
Finance & Accounting
Reinhold Haas 3399°° 5577'' NN 7755°° 1100'' ww
Photography lOCATIOnS
South Africa
Frederic Streicher
Corbis: Angelo Cavalli
Germany Germany
USA
Tillmann Franzen Munich
PhiladelPhia
Corbis: Ocean, Paul Russel,
Stevens Fremont
India 2288°° 4400'' NN 7777°° 1133'' EE 17,161
Sorin Adrian Morar
Corbis: Rob Melnychuk, Photo Alto
Design
Strichpunkt GmbH,
Stuttgart and Berlin
3333°° 5555'' ss 1188°° 2255'' EE
www.strichpunkt-design.de
India
New delhi
Production
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Westendstr. 199 u
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mail:// [email protected]
39° 57' N 75° 10' w
LOCATIONS
Germany
USA
Munich
PhiladelPhia
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33° 55' s 18° 25' E
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THe GROuP AT A GlAnCe
t 01 KEY FIGUrES F 01 tÜV SÜD StrUCtUrE ImprInt
2007 2008 2009* 2010* 2011* TÜV SÜD Published by
TÜV SÜD AG
IFRS IFRS IFRS IFRS IFRS
Westendstr. 199
Business development (in € millions) 80686 Munich / Germany
Revenue 1,270.7 1,365.2 1,409.9 1,552.5 1,677.7
Strategic InDuSTRY MOBIlITY CeRTIFICATIOn phone / [phone]
Personnel expenses 725.7 795.2 847.0 900.1 986.2 business segment fax / [phone]
Cash flow from operating activities 123.6 178.8 150.4 144.9 154.6
mail / [email protected]
Capital expenditures 39.7 68.5 45.5 52.2 64.4 web / www.tuev-sued.com
Income before taxes 115.9 106.7 101.6 123.4 133.6 Division InDuSTRY SeRVICeS AuTO SeRVICeS PRODuCT SeRVICeS
© TÜV SÜD AG / Munich.
Consolidated net income 52.1 68.6 72.4 74.6 107.2
All rights reserved.
eBT margin (%) 9.1 7.8 7.2 7.9 8.0
∆ ReAl eSTATe SeRVICeS AuTOMOTIVe MAnAGeMenT SeRVICeS
eBT margin, adjusted (%) 8.0 8.7 8.2 7.2 7.2
Corporate
eBIT margin (%)** 9.1 8.9 8.7 9.2 9.5 Communications
eBIT margin, adjusted (%)** 10.2 9.8 9.7 8.5 8.5 ∆ RAIl lIFe SeRVICeS ACADeMY Matthias Andreesen Viegas
Jörg Riedle
Assets (in € millions)
Corporate
non-current assets 716.2 749.0 761.7 823.2 824.1
Finance & Accounting
Current assets 377.5 413.6 494.0 551.3 605.9 F 02 HEADCOUnt F 03 rEVEnUE BY StrAtEGIC BUSInESS SEGmEnt (%) Reinhold Haas
Total assets 1,093.7 1,162.6 1,255.7 1,374.5 1,430.0
equity ratio (%) 26.9 32.5 32.0 34.3 37.7
MOBIlITY 35.4 Photography
16,058 17,161 South Africa
Employees (annual average) 13,185 14,138 14,459 InDuSTRY 39.6 Frederic Streicher
Corbis: Angelo Cavalli
Full-time equivalents 12,360 13,122 13,748 14,662 16,018 2011
CeRTIFICATIOn 24.9 Germany
Tillmann Franzen
Employees (as of December 31) 2007 2008 2009* 2010* 2011* Corbis: Ocean, Paul Russel,
OTHeR 0.1 Stevens Fremont
Headcount 13,185 14,138 14,459 16,058 17,161
* From continuing operations India
** eBIT: earnings before interest, before currency translation gains/losses from financing measures and before income taxes; Sorin Adrian Morar
including income from participations Corbis: Rob Melnychuk, Photo Alto
F 04 rEVEnUE (In € mILLIOnS)
Design
Strichpunkt GmbH,
Stuttgart and Berlin
revenue capital income* 2007 1,271
www.strichpunkt-design.de
expenditures 2008 1,356
2009* 1,410
1,677.7 64.4 133.6
Production
2010* 1,553
G. Peschke Druckerei GmbH,
2011* 1,678 Munich
* Before taxes * From continuing operations
THe GROuP AT A GlAnCe
t 01 KEY FIGUrES F 01 tÜV SÜD StrUCtUrE ImprInt
2007 2008 2009* 2010* 2011* TÜV SÜD Published by
TÜV SÜD AG
IFRS IFRS IFRS IFRS IFRS
Westendstr. 199
Business development (in € millions) 80686 Munich / Germany
Revenue 1,270.7 1,365.2 1,409.9 1,552.5 1,677.7
Strategic InDuSTRY MOBIlITY CeRTIFICATIOn phone / [phone]
Personnel expenses 725.7 795.2 847.0 900.1 986.2 business segment fax / [phone]
Cash flow from operating activities 123.6 178.8 150.4 144.9 154.6
mail / [email protected]
Capital expenditures 39.7 68.5 45.5 52.2 64.4 web / www.tuev-sued.com
Income before taxes 115.9 106.7 101.6 123.4 133.6 Division InDuSTRY SeRVICeS AuTO SeRVICeS PRODuCT SeRVICeS
© TÜV SÜD AG / Munich.
Consolidated net income 52.1 68.6 72.4 74.6 107.2
All rights reserved.
eBT margin (%) 9.1 7.8 7.2 7.9 8.0
∆ ReAl eSTATe SeRVICeS AuTOMOTIVe MAnAGeMenT SeRVICeS
eBT margin, adjusted (%) 8.0 8.7 8.2 7.2 7.2
Corporate
eBIT margin (%)** 9.1 8.9 8.7 9.2 9.5 Communications
eBIT margin, adjusted (%)** 10.2 9.8 9.7 8.5 8.5 ∆ RAIl lIFe SeRVICeS ACADeMY Matthias Andreesen Viegas
Jörg Riedle
Assets (in € millions)
Corporate
non-current assets 716.2 749.0 761.7 823.2 824.1
Finance & Accounting
Current assets 377.5 413.6 494.0 551.3 605.9 F 02 HEADCOUnt F 03 rEVEnUE BY StrAtEGIC BUSInESS SEGmEnt (%) Reinhold Haas
Total assets 1,093.7 1,162.6 1,255.7 1,374.5 1,430.0
equity ratio (%) 26.9 32.5 32.0 34.3 37.7
MOBIlITY 35.4 Photography
16,058 17,161 South Africa
Employees (annual average) 13,185 14,138 14,459 InDuSTRY 39.6 Frederic Streicher
Corbis: Angelo Cavalli
Full-time equivalents 12,360 13,122 13,748 14,662 16,018 2011
CeRTIFICATIOn 24.9 Germany
Tillmann Franzen
Employees (as of December 31) 2007 2008 2009* 2010* 2011* Corbis: Ocean, Paul Russel,
OTHeR 0.1 Stevens Fremont
Headcount 13,185 14,138 14,459 16,058 17,161
* From continuing operations India
** eBIT: earnings before interest, before currency translation gains/losses from financing measures and before income taxes; Sorin Adrian Morar
including income from participations Corbis: Rob Melnychuk, Photo Alto
F 04 rEVEnUE (In € mILLIOnS)
Design
Strichpunkt GmbH,
Stuttgart and Berlin
revenue capital income* 2007 1,271
www.strichpunkt-design.de
expenditures 2008 1,356
2009* 1,410
1,677.7 64.4 133.6
Production
2010* 1,553
G. Peschke Druckerei GmbH,
2011* 1,678 Munich
* Before taxes * From continuing operations
For almost 150 years, TÜV SÜD experts have been working to make our world
a safer place. Their aim: to maintain a decisive technological edge on the com-
petition. Each and every day, more than 17,000 employees give serious consid-
eration to the issues that concern people today and that will concern them in
years to come.

Our experts and engineers share the common goal of bringing together people,
technology and the environment. At more than 600 locations in some 50 countries,
they increase safety and add economic value for our customers. Leveraging
innovative services, they optimize technology, systems and expertise.

In a series of »close-ups«, this annual report examines some of the specific
questions our employees have been concerned with during the past year – and
that, we believe, concern people the world over: How, given the growing popula-
tion, can we enable mobility in the future? What has to be done to make sure
the new energy concept succeeds? How do we ensure the safety and quality of
food? And, in addition to all this, how can we get even closer to our customers?

We invite you to check out our »close-ups« and join us on a voyage of discovery
through the world of TÜV SÜD.
1 2 3 4 ManageMent and SuperviSory Board i CloSe-up i group ManageMent report i ConSolidated FinanCial StateMentS
Management and Supervisory Board
1
Close-up
2
Group Management Report
3
Consolidated Financial Statements
4
2
TÜV SÜD ANNUAL REPORT 2011
taBle oF ContentS
6 I Message from the Board of Management
10 I On site worldwide
12 I Supervisory Board report
16 I E-Mobility
The future is an open road
24 I EnErgy
The untapped resource
32 I FooD
Our daily bread
40 I growth
In Africa
50 I Business operations
58 I M acroeconomic development and developments
in relevant markets
63 I Business review and economic situation
66 I Net assets, financial position and results of operations
82 I Non-financial performance indicators
93 I Risk report
100 I Subsequent events
100 I Foundation
101 I Opportunities and outlook
106 I Consolidated income statement
107 I Consolidated statement of comprehensive income
108 I Consolidated statement of financial position
109 I Consolidated statement of cash flows
110 I Consolidated statement of changes in equity
112 I Notes to the consolidated financial statements
162 I Auditor’s report
163 I Corporate boards
3
1 2 3 4 ManageMent and SuperviSory Board i CloSe-up i group ManageMent report i ConSolidated FinanCial StateMentS
4
Chapter 1
Management
and
Supervisory
Board
Content
Page 6
Message froM the
Board of ManageMent
Page 10
on site worldwide
Page 12
supervisory Board
report