2 Exemplare

Annual Report 1991 George Fischer GF

Content

Management and Group Reports

• Management (p. 2)
• The main figures (p. 3)
• 1991 - a year of challenge (p. 4)
• Group reports (p. 6)
• Personnel figures (p. 24)
• Changes in the Board of Directors and company management (p. 24)

Five-year Overviews

• Corporation (p. 26)
• Information for investors (p. 27)
• Corporate Graphs (p. 28)

Financial Report

George Fischer Corporation

• Consolidated balance sheet 1991 (p. 30)
• Consolidated income statement 1991 (p. 31)
• Consolidated cash flow statement 1991 (p. 32)

Annexe to Corporate Accounts

• Principles of consolidation (p. 33)
• Principles of valuation (p. 35)
• Notes on the consolidated balance sheet (p. 37)
• Notes on the consolidated income statement (p. 41)
• Notes on the consolidated cash flow statement (p. 42)
• Auditors‘ report on Corporate accounts (p. 43)

Georg Fischer Ltd., Schaffhausen (Holding)

• Balance sheet as of Dec. 31, 1991 (p. 44)
• Income statement 1991 (p. 45)
• Notes on the balance sheet (p. 45)
• Notes on the income statement (p. 46)
• Proposal by the Board of Directors (p. 47)
• Auditors‘ report to the Annual General Meeting (p. 47)

Corporate organization

• Management structure (p. 49)
• Companies (p. 54)