Annual Report 2009
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About WDP
Warehouses De Pauw – Warehouses with Brains
Risk factors
Permanent document
Key figures
Consolidated key figures
Notes to the consolidated key figures
Development of a number of key figures
Chairman's statement
Corporate Governance
The Board of Directors
The executive management
Structures abroad
Other corporate governance provisions
Statutory provisions relating to the management company and modification of the articles of association
Statutory auditor
Other provisions
Declarations
Management Report
Introduction
Projects completed in 2009
Projects in progress
Additional potential
New acquisitions
Leases in 2009
Sales
Solar energy projects
Events after the reporting date
Outlook
Assumptions
Budgeted net current result 2010 versus actuals 2009
Dividend
Budgeted balance sheet 2010 versus actuals 2009
Review of portfolio
Description of the semi-industrial and logistics markets
Review of the consolidated property portfolio
Report of the independent surveyor
WDP shares
Share price
Liquidity and velocity
Return
Agenda
2009 Annual consolidated financial statements
Profit and loss account
Balance sheet – Assets
Balance sheet – Liabilities
Cash flow statement
Consolidated statement of changes of the equity capital
Notes to the Annual consolidated financial statements
General information about the company
Basis of presentation
Accounting rules
Significant estimates
Segment information
Notes to the balance sheet and income statement
Rental returns
Report of the company auditor on the financial statements
2009 Annual unconsolidated financial statements
Profit and loss account
Balance sheet – Assets
Balance sheet – Liabilities
Profit distribution
General information concerning the closed-end property investment company
WDP
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About WDP
Warehouses De Pauw – Warehouses with Brains
Presentation of WDP
A strategy aimed at continuing growth
Risk factors
Strategic management
Property management
Financial management
Permanent document
1. Basic information
2. Authorised capital
3. Statutory auditor
4. Depository bank
5. Financial agent
6. Chartered surveyor
7. Key dates in the history of WDP
Key figures
Consolidated key figures
Notes to the consolidated key figures
Profit and loss account
Dividend
Balance sheet
Development of a number of key figures
Chairman's statement
Corporate Governance
The Board of Directors
The limited partnership with share capital
The Board of Directors of the managing company, De Pauw NV
Committees established by the Board of Directors
The executive management
Executive management tasks
Current composition and division of tasks
Functioning of the executive management
Responsibility to the Board of Directors
Supervision of the day-to-day management
Appointments, remuneration and evaluation
Conflicts of interest
Structures abroad
Other corporate governance provisions
Code of conduct regarding financial transactions
Shareholder relations and the General Meeting
Misuse of company property and corruption
Statutory provisions relating to the management company and modification of the articles of association
The statutory management company
Modification of the articles of association
Statutory auditor
Other provisions
Declarations
Management Report
Introduction
Projects completed in 2009
Projects in progress
Additional potential
New acquisitions
Leases in 2009
Sales
Solar energy projects
Events after the reporting date
Outlook
Assumptions
Budgeted net current result 2010 versus actuals 2009
Dividend
Budgeted balance sheet 2010 versus actuals 2009
Review of portfolio
Description of the semi-industrial and logistics markets
Belgium
France
The Netherlands
Czech Republic
Romania
Review of the consolidated property portfolio
Description of the portfolio at 31 December 2009
Value and composition of the rental portfolio
Key figures on properties
Rental situation of vacant buildings
General economic factors
Report of the independent surveyor
WDP shares
Share price
Liquidity and velocity
Return
Agenda
2009 Annual consolidated financial statements
Profit and loss account
Balance sheet – Assets
Balance sheet – Liabilities
Cash flow statement
Consolidated statement of changes of the equity capital
2009
2008
Notes to the Annual consolidated financial statements
General information about the company
Basis of presentation
Accounting rules
1. Consolidation principles
2. Business combinations and goodwill
3. Foreign currency
4. Investment property
5. Other tangible fixed assets
6. Leasing
7. Special amortisation
8. Financial instruments
9. Assets held for sale
10. Provisions
11. Staff remunerations
12. Income
13. Costs
14. Tax on profits
Significant estimates
Segment information
Notes to the balance sheet and income statement
I Criteria of the consolidation method used
II Information on subsidiaries and joint ventures
III Status of the intangible fixed assets
IV Investment property – Statement of changes
V Investment property – Building ground reserve division
VI Statement of other tangible fixed assets
VII Financial fixed assets and other long term and short term financial commitments
VIII Financial Lease Debts
IX Assets held for sale
X Trade receivables and doubtful debts
XI Tax benefits and other current assets
XII Capital
XIII Explanatory table of the carried-forward consolidated result
XIV Provisions 2009
XV Statement of liabilities
XVI Other current liabilities
XVII Overview of future rental income
XVIII Average workforce and breakdown of members of personnel
XIX Result on disposal of investment property
XX Variations in the fair value of investment property
XXI Financial result
XXII Taxes
XXIII Transactions between associated companies
XXIV Off-balance-sheet rights and commitments
Rental returns
Report of the company auditor on the financial statements
2009
2008
2009 Annual unconsolidated financial statements
Profit and loss account
Balance sheet – Assets
Balance sheet – Liabilities
Profit distribution
General information concerning the closed-end property investment company