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Annual Report 2012
The Company
Henkel at a glance
CEO Letter
Report of the Supervisory Board
Vision & Values
Our strategic priorities and targets 2016
Management Board
Corporate management of Henkel AG & Co. KGaA
Further information
Shares and Bonds
Share performance
Henkel represented in all major indices
International shareholder structure
Employee share program
Henkel bonds
Pro-active capital market communication
Financial calendar
Group Management Report
Corporate governance
at Henkel AG & Co. KGaA
Operational activities
Strategy and financial targets for 2016
Value-based management and control system
Business performance
Net assets and financial position
Employees
Procurement
Production
Research and development
Marketing and distribution
Business sectors
Risk report
Forecast
Subsequent events
Financial Statements
Consolidated statement of financial position
Consolidated statement of income
Consolidated statement of comprehensive income
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes
Group segment report by business sector
Key financials by region
Accounting principles and methods applied in preparation of the consolidated financial statements
Notes to the consolidated statement of financial position
Notes to the consolidated statement of income
Other disclosures
Independent Auditor’s Report
Recommendation for the approval of the annual financial statements and the appropriation of the profit of Henkel AG & Co. KGaA
Annual financial statements of Henkel AG & Co. KGaA (summarized)
Responsibility statement by the Personally Liable Partner
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Annual Report 2012
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The Company
Henkel at a glance
Our performance 2012
Business sectors
Laundry & Home Care
Beauty Care
Adhesive Technologies
Quaterly breakdown of key financials
Multi-year summary
CEO Letter
Report of the Supervisory Board
Vision & Values
Our strategic priorities and targets 2016
Outperform
Globalize
Simplify
Inspire
Management Board
Corporate management of Henkel AG & Co. KGaA
Supervisory Board of Henkel AG & Co. KGaA
Subcommittees of the Shareholders’ Committee
Shareholders’ Committee of Henkel AG & Co. KGaA
Subcommittees of the Shareholders’ Committee
Management Board of Henkel Management AG
Supervisory Board of Henkel Management AG
Further information
Corporate Senior Vice Presidents
Management Circle I Worldwide
Shares and Bonds
Share performance
Henkel represented in all major indices
International shareholder structure
Employee share program
Henkel bonds
Pro-active capital market communication
Financial calendar
Group Management Report
Corporate governance at Henkel AG & Co. KGaA
Corporate governance/Corporate management report
Legal form/Special statutory features of Henkel AG & Co. KGaA
Capital stock denominations/Shareholder rights
Approved capital/Share buy-back
Restrictions with respect to voting rights or the transfer of shares
Major shareholders
Interaction between Management Board, Supervisory Board, Shareholders’ Committee and other committees
Objectives regarding Supervisory Board composition
Objectives attainment status
Transparency / Communications
Statutory and regulatory situation
Principles of corporate management / Compliance
Application of the German Corporate Governance Code
Directors’ Dealings
Remuneration report
Remuneration of the Management Board
Remuneration of Henkel Management AG for assumption of liability, and reimbursement of expenses to same
Remuneration of the Supervisory Board and of the Shareholders’ Committee of Henkel AG & Co. KGaA
Remuneration of the Supervisory Board of Henkel Management AG
Operational activities
Strategy and financial targets for 2016
Financial targets 2012
Strategic priorities and progress in fiscal 2011
Sustainability strategy 2030
Value-based management and control system
Cost of capital
EVA
®
and ROCE
Business performance
Business performance
Review of overall business performance
Sales and profits
Comparison between actual business performance and guidance
Expense items
Other operating income and charges
Financial result
Net income
Dividends
Earnings per share (EPS)
Net assets and financial position
Acquisitions and divestments
Capital expenditures
Net assets
Financial position
Financing and capital management
Key financial ratios
Employees
Procurement
Production
Research and development
Marketing and distribution
Business sectors
Laundry & Home Care
Economic environment and market position
Business activity and strategy
Sales and profits
Business areas
Capital expenditures
Beauty Care
Economic environment and market position
Business activity and strategy
Sales and profits
Business areas
Capital expenditures
Adhesive Technologies
Economic environment and market position
Business activity and strategy
Sales and profits
Business areas
Capital expenditures
Risk report
Risks and opportunities
Risk Management System
Major risk categories
Overall risk – Management Board appraisal
Forecast
Macroeconomic development
Sector development
Opportunities: Emerging regions and innovative products with plenty of potential
Outlook for the Henkel Group 2013
Post-2013 outlook
Subsequent events
Financial Statements
Consolidated statement of financial position
Consolidated statement of income
Consolidated statement of comprehensive income
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes
Group segment report by business sector
Key financials by region
Accounting principles and methods applied in preparation of the consolidated financial statements
Notes to the consolidated statement of financial position
Assets
Non-current assets
Intangible assets
Property, plant and equipment
Other financial assets
Other assets
Deferred taxes
Inventories
Trade accounts receivable
Cash and cash equivalents
Assets and liabilities held for sale
Equity and liabilities
Issued capital
Capital reserve
Retained earnings
Other components of equity
Non-controlling interests
Pension obligations
Income tax provisions and other provisions
Borrowings
Other financial liabilities
Other liabilities
Trade accounts payable
Financial instruments report
Notes to the consolidated statement of income
Sale proceeds and principles of income recognition
Cost of sales
Marketing, selling and distribution expenses
Research and development expenses
Administrative expenses
Other operating income
Other operating charges
Financial result
Taxes on income
Non-controlling interests
Other disclosures
Payroll cost
Employee structure
Group segment report
Earnings per share
Consolidated statement of cash flows
Contingent liabilities
Other unrecognized financial commitments
Voting rights / Related party disclosures
Exercise of exemption options
Remuneration of the corporate management
Declaration of compliance with the Corporate Governance Code (Kodex)
Subsidiaries and other investments
Auditor’s fees and services
Independent Auditor’s Report
Recommendation for the approval of the annual financial statements and the appropriation of the profit of Henkel AG & Co. KGaA
Annual financial statements of Henkel AG & Co. KGaA (summarized)
Responsibility statement by the Personally Liable Partner