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Source: Annual report, chapter Report from the Executive Board, page 6
Pricing pressures across the audit market impacted our net revenues, which declined by 6% in 2010/2011.
Source: Annual report, chapter Financial results 2010/2011, page 13
The financial year 2010/2011 resulted in a small increase in revenues, while profit levels decreased significantly. Business volumes and profitability varied strongly across the functions.
Source: Annual report, chapter Financial results 2010/2011, page 13
Net turnover during the financial year 2010/2011 was €632 million, which represented a marginal increase of 0.2% compared to the same period last year.
Source: Annual report, chapter Financial results 2010/2011, page 13
Operating expenses of the total organisation increased in the year by 1.
Source: Annual report, chapter Financial results 2010/2011, page 13
Cash flow declined, with a negative cash flow for the financial year 2010/2011 of €9.8 million.
Source: Annual report, chapter Financial results 2010/2011, page 14
The table below shows the segmented information for the periode 1 June 2010 to 31 May 2011.
Source: Annual report, chapter Financial results 2010/2011, page 15
The table below shows the segmented information for the period 1 June 2009 to 31 May 2010.
Source: Annual report, chapter Report from the Supervisory Board, page 22
Professional service firms are facing significant pressures in the market, with severe competition and a decline in the demand for advisory services in the public sector in particular.
Source: Annual report, chapter Report from the Supervisory Board, page 22
The outcome of the financial year 2010/2011 has been impacted by the complex economic environment.
Source: Annual report, chapter Financial statements, page 28
The table below shows the consolidated balance sheet of 31 May 2011.