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Finance
Result 2009
Strukton Rail performed well in 2009, in spite of a difficult market mainly in the Netherlands and Germany. The operational revenue was almost on the level of the estimated revenue and higher than the operational revenue in 2008. The result was positive, also after deducting provisions for a reorganisation and additional pensions. The results in Scandinavia and Italy increased considerably and the prospects in those countries continue to be good.
Consolidated balance sheet
(x EUR 1,000)
| NON-CURRENT ASSETS |
|
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| Intangible assets |
15,329 |
15,064 |
| Property, plant and equipment |
80,371 |
86,292 |
| Financial assets (incl. acquisitions) |
25,311 |
21,533 |
| Corporation tax claims |
435 |
908 |
| SUM OF NON-CURRENT ASSETS |
121,446 |
123,797 |
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| CURRENT ASSETS |
|
|
| Inventories |
5,649 |
5,319 |
| Construction work in progress |
27,431 |
27,349 |
| Trades and other receivables |
147,696 |
147,872 |
| Cash and cash equivalents |
461 |
2,325 |
| SUM OF CURRENT ASSETS |
181,237 |
182,865 |
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| CURRENT LIABILITIES |
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| Suppliers |
47,091 |
46,718 |
| Taxation / pensions |
21,079 |
17,827 |
| Provisions |
11,615 |
5,040 |
| Work in progress |
14,089 |
22,877 |
| Other payables |
57,847 |
60,280 |
| SUM OF CURRENT LIABILTIES |
151,721 |
152,722 |
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| Net work in progress |
13,342 |
4,472 |
| WORKING CAPITAL |
29.516 |
30,143 |
| CAPITAL EMPLOYED |
150,962 |
153,940 |
Other data
| OPERATING INCOME |
549,612 |
531,854 |
| Investments |
8,552 |
19,731 |
| Training costs (out of pocket) |
6,143 |
5,152 |
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