Reporte Lego

Annual Report 2011
The LEGO Group

FINANCIAL HIGHLIGHTS

Financial Highlights
The LEGO Group
(mDKK)

2011 Income Statement: Revenue Expenses Operating profit Financial income and expenses Profit before income tax Net profit for the year Balance Sheet: Total assets Equity Liabilities Cash Flow Statement: Cash flows from operating activities Investment in property, plant and equipmentInvestment in intangible assets Cash flows from financing activities Total cash flows Employees: Average number (full-time) Financial ratios (in %): Gross margin Operating margin (ROS) Net profit margin Return on equity (ROE) Return on invested capital (ROIC I) Return on invested capital (ROIC II) Equity ratio

2010

2009

2008

2007

18,731 (13,065) 5,666 (124) 5,542 4,160

16,014(10,899) 4,973 (84) 4,889 3,718

11,661 (8,659) 2,902 (15) 2,887 2,204

9,526 (7,522) 2,100 (248) 1,852 1,352

8,027 (6,556) 1,449 (35) 1,414 1,028

12,904 6,975 5,929

10,972 5,473 5,499

7,788 3,291 4,497

6,496 2,066 4,430

6,009 1,679 4,330

3,828 1,451 129 (2,519) (233)

3,744 1,077 123 (3,477) (871)

2,712 1,042 216 (906) 558

1,954 368 75 (1,682) 128

1,033 399 34 (467)592

9,374

8,365

7,286

5,388

4,199

70.5 30.2 22.2 66.8 133.4 134.2 54.1

72.4 31.1 23.2 84.8 161.2 157.9 49.9

70.3 24.9 18.9 82.3 139.5 138.0 42.3

66.8 22.0 14.2 72.2 101.8 113.8 31.8

65.0 18.1 12.8 71.6 69.7 77.1 27.9

Financial ratios have been calculated in accordance with the “Recommendations and Financial Ratios 2010”, issued by the Danish Society of FinancialAnalysts. For definitions, please see the section on accounting policies. Parentheses denote negative figures.

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The LEGO Group – Annual Report 2011

CONTENTS

Annual Report 2011
Annual Report 2011 is published for the LEGO Group by Corporate Finance, Group Finance and Corporate Communications. Design and print: GRC Graphic House

CONTENTS
5 6 7 8 Company information Management’sstatement Independent Auditor’s Report Management’s Review Income statement and consolidated statement of other comprehensive income 1 January - 31 December 2011, the LEGO Group Balance Sheet at 31 December the LEGO Group Statement of changes in Equity, the LEGO Group Cash Flow Statement 1 January - 31 December, the LEGO Group Notes, the LEGO Group Income statement 1 January - 31 December, Parentcompany Balance Sheet 31 December, Parent Company Statement of changes in Equity, Parent Company Notes, Parent Company Group Structure

LEGO, the LEGO logo, DUPLO, the Brick and Knob configurations and the Minifigure are trademarks of the LEGO Group. © 2012 The LEGO Group. © 2012 Lucasfilm Ltd. & TM. All rights reserved. TM & © Warner Bros. Entertainment Inc. © Disney

11 12 14 15 16 48 49 51 5259

Printed matter

LEGO A/S Aastvej 1 DK-7190 Billund, Denmark Tel: CVR-no: Incorporated: Residence: Financial Year: Internet: +45 79 50 60 70 54 56 25 19 19 December, 1975 Billund 1 January – 31 December www.LEGO.com

The LEGO Group – Annual Report 2011

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The LEGO Group – Annual Report 2011

COMPANY INFORMATION

Company Information

Management Board
Jørgen Vig KnudstorpChief Executive Officer and President

Board of Directors
Niels Jacobsen Chairman of the Board since 2008.
CEO & President of William Demant Holding A/S. Deputy Chairman of the Board of KIRKBI A/S. Deputy Chairman of the Board of A.P. Møller-Mærsk A/S. Chairman of the Board of Össur hf.

Kjeld Kirk Kristiansen Deputy Chairman of the Board since 1996. Member of the Board since 1975.
Chairmanof the Board of KIRKBI A/S, the LEGO Foundation and Ole Kirk’s Foundation. President and CEO for the LEGO Group 1979-2004. Majority shareholder of KIRKBI A/S. Member of the Board of CoCC.

Thomas Kirk Kristiansen Member of the Board since 2007.
Shareholder and representing the fourth generation of the owner family. Member of the Board of KIRKBI A/S.

Søren Thorup Sørensen Member of the...