CO N T EN T S
1 2006 in summary 2 CEO’s statement 4 Business concept, vision, goals and strategy 6 The Broström brand 9 A day with Broström 10 Shipping
One Clear Direction
10 Business offer 13 Market conditions
Broström Annual Report 2006
16 Competitors 17 Market development 2006 20 Business development 22 Broström’s partners
New vessels and deeper partnerships
24 Marine & Logistics Services 26 Employees 29 The fleet 32 Quality, safety, the environment and IT 36 Several-year overview
In 2006 Broström and its partners took delivery of a total of eight vessels. In addition, co-operation was deepened with two of the company’s partners. Among more noteworthy events during the year: •
Developed partnership with Dünya (Turkey) and Thunbolaget (Sweden)
•
Delivery of three D-class vessels, the first of which was named Ship of the Year by Lloyd’s List
•
Start of physical expansion in Asia
•
Sale of subsidiary Broströms Resebyrå
•
Implementation of brand project, engaging the entire Group
39 Broström Logistics Index (BLX) 40 Broström’s shares 42 Share data 43 Key ratios 44 Risk factors and sensitivity analysis 46 Directors’ Report 49 Consolidated income statement 50 Consolidated balance sheet 52 Changes in shareholders’ equity – Group 53 Cash flow statement – Group 54 Parent company income statement 55 Parent company balance sheet 56 Changes in shareholders’ equity – parent company 57
Cash flow statement – parent company
58
Accounting and valuation principles
64
Notes to the income statements and balance sheets
75
Auditors’ Report
76
Corporate Governance Report
82 The Board’s Report
Östra Hamngatan 7 SE-403 30 Göteborg, Sweden Tel +46 31 61 61 00 Fax + 46 31 711 80 30 www.brostrom.se
83 Management and Board of Directors 86 Addresses
Annual Report 2006
87 Glossary
In early 2007, Broström also initiated a new partnership with the German company Reederei Claus-Peter Offen, covering eight 37,000 dwt product chemical tankers currently being built.