Sitemap Annual Report 2011 Essentials Quick look Message to the shareholders This is Wärtsilä Businesses in brief Operating environment Corporate strategy Sustainability Financial targets Wärtsilä in pictures Wärtsilä in videos 2011 in brief Business Quick look Power Plants review Operating environment Power Plants market development Strategy Power Plants and sustainability Ship Power review Operating environment Ship Power market development Strategy Ship Power and sustainability Services review Operating environment Services market development Strategy Services and sustainability Manufacturing review Strategy Sustainability Quick look Wärtsilä and sustainability Wärtsilä’s focus on sustainability Summary of key figures Sustainability performance management Code of conduct Management systems Product liability Supply chain management Stakeholder relations Channels of dialogue Activities in organisations Wärtsilä in sustainable development indices Recognitions Economic performance Customers Suppliers Employees Public sector Creditors and shareholders Community support Wärtsilä and emission trading Environmental performance Environmental targets Wärtsilä QHSE policy Solutions for GHG reduction Towards more sustainable solutions Legislation and initiatives Wärtsilä’s R&D focus Ensuring reliability and safety Improving efficiency Reducing sulphur dioxide emissions Reducing nitrogen oxide emissions Reducing greenhouse gas emissions Water solutions Creating new solutions Long-term research activities Collaboration with stakeholders The importance of understanding the lifecycle Summary of environmental aspects Environmental performance indicators Materials, energy and water Emissions and wastes Compliance with legislation Environmental costs and liabilities Personnel and social performance Social targets Personnel Employee practices Occupational health and safety Human rights Weak governance zone Security practices Impact on communities Suppliers Preventing corruption and bribery Political lobbying Competition regulation Product liability Customer satisfaction Our figures Economic data Environmental data Social data Our reporting Reporting rules and principles Independent Assurance Report GRI and UNGC index Corporate governance Quick look Corporate governance Annual General Meeting Board of Directors Responsibilities Board of Directors CVs Board committees Board of Management President and CEO and EVP Board of Management CVs Other management Management teams Managing Directors of the subsidiaries Insider management Audit Internal control Values and control environment Control processes Guidelines and communication Monitoring Salary and remuneration report 2011 Risks and risk management Strategic risks Operational risks Hazard risks Financial risks Risk profiles & responsibilities Investor information Quick look Shares and shareholders The Wärtsilä share on the Helsinki Stock Exchange Shareholders Wärtsilä on the capital markets Analysts Information for shareholders Financial information 2012 Stock exchange releases 2011 Board of Directors' report Quick look Highlights of 2011 Strategy The year 2011 Market development Order intake and order book Net sales and profitability Balance sheet, financing and cash flow Capital expenditure Restructuring measures Manufacturing R&D, product launches Personnel Changes in management Sustainable development Shares and shareholders Decisions by the AGM Risks and uncertainties Market outlook Prospects for 2012 Dividend proposal Financials Quick look Five Years in Figures Calculation of Financial Ratios Consolidated Financial Statements Consolidated Statement of Income Consolidated Statement of Financial Position Consolidated Statement of Cash Flows Consolidated Statement of Changes in Equity Accounting Principles for the Consolidated Accounts Notes to the Consolidated Financial Statements 1. Segment information 2. Acquisitions and disposals 3. Long-term construction contracts and long-term operating and maintenance agreements 4. Other operating income 5. Material and services 6. Employee benefit expenses 7. Depreciation, amortisation and impairment 8. Financial income and expenses 9. Income taxes 10. Earnings per share 11. Components of other comprehensive income 12. Intangible assets 13. Property, plant & equipment 14. Investments in associates and joint ventures 15. Financial assets available for sale 16. Inventories 17. Financial assets and liabilities by measurement category 18. Other receivables 19. Cash and cash equivalents 20. Deferred taxes 21. Pension obligations 22. Share capital of the parent company 23. Fair value reserve 24. Provisions 25. Financial liabilities 26. Other liabilities 27. Financial instruments 28. Collateral, contingent liabilities and other commitments 29. Related party disclosures 30. Auditors' fees and services 31. Exchange rates 32. Subsidiaries 33. Financial risks 34. Events after the balance sheet date Parent Company Financial Statements Parent Company Income Statement Parent Company Balance Sheet Parent Company Cash Flow Statement Accounting Principles for the Parent Company Notes to the Parent Company Financial Statements Notes 1-2 Notes 3-4 Notes 5-6 Note 7 Notes 8-10 Note 11 Notes 12-14 Notes 15-17 Proposal of the Board Auditor's Report Quarterly Figures 2010-2011 Inside stories Wärtsilä Introducing Inside Stories Collaborating with stakeholders Transition to LNG New portfolio development Protecting the Baltic Sea Excellence in safety Sustainability highlights Power Plants Smart Power Generation Grid stability for Elering, Estonia Africa's largest gas engine plant Caribbean LNG First FlexiCycle plant Water issues in India Ship Power Viking Line invests in LNG Gas fueling Brazilian Offshore Q&A: Sustainability leadership LNG as marine fuel Meeting Tier III requirements Services Contract with Royal Caribbean Certified SOx scrubbers Catalysts for icebreakers Unique gas conversion project