Annual Report 2007
Dampskibsselskabet "NORDEN" A/S
Highlights
Key figures and ratios for the Group
Managementīs review
Fleet development and corporate values
Fleet development in figure
Strategy
Strategy dry cargo and tankers
Outlook for 2008
Outlook for dry cargo
Outlook for tankers
Dry cargo
Market developments
Financial performance
Business development
Tankers
Market development
Financial performance
Business development
Corporate Social Responsibility
NORDENs views on the environment
Safety onboard
Developing organisation and capabilities
Remuneration policy
Share-based incentive programmes
Corporate governance
Board of Directors
Senior Management
Shareholder information
Financial review
Signatures
Statement by the Board of Directors and Management
Independent auditorsīreport
Financial statement
Income statement
Balance sheet - Assets
Balance sheet - Equity and liabilities
Cash flow statement
Statement of changes in equity
Notes
Note 1 - Accounting policies
Note 1 - Accounting policies (continued)
Note 1 - Accounting policies (continued)
Note 1 - Accounting policies (continued)
Note 1 - Accounting policies (continued)
Note 1 - Accounting policies (continued)
Note 2 - Risk management
Note 2 - Risk management (continued)
Note 2 - Risk management (continued)
Note 2 - Risk management (continued)
Note 3
Note 4-7
Note 8
Note 9-11
Note 12-15
Note 16-18
Note 19-21
Note 22-23
Note 24-29
Note 30-31
Note 32
Note 33-36
Note 37-40
Note 41
Note 42
Note 43
Note 44-48
Definitions of key figures and financial ratios
Generel information
Company details and group structure
Company structure
NORDEN in brief
Technical terms and abbreviations
Downloads
Managementīs review
Side 1 af 4
>>
Dry cargo
The dry cargo market reached historical highs in very volatile conditions
NORDEN had positioned itself to take advantage of the rising market
Coverage for the coming years rose significantly towards the end of
the year
Side 1 af 4
>>
Dampskibsselskabet "NORDEN" A/S
Dampskibsselskabet "NORDEN" A/S
Dampskibsselskabet "NORDEN" A/S
