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Source: Annual report, chapter Deloitte structure, page 4
This annual report highlights the activities of Deloitte in the Netherlands for the year ended 31 May 2011.
Source: Annual report, chapter Financial highlights, page 5
This table shows the financial highlights of Deloitte Netherlands 2010/2011.
Source: Annual report, chapter Report from the Executive Board, page 6
After a year of significant decline, Deloitte revenues remained flat at € 632 million during the year ending May 31, 2011. Our Consulting business had an extraordinary year with 17% growth while our Tax advisory business showed modest growth of 5%. Financial Advisory Services saw a small drop in revenues overall, but experienced favorable market conditions in the second half of the year. Our Audit business is still facing challenging market conditions, and has not yet returned to growth.
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 Report from the Executive Board, page 7
After two difficult years of uncertainty in the market, Tax recovered with significant growth in specialist offerings, namely; Mergers & Acquisitions (M&A), Customs, Tax Management Consulting and Global Employer Services.
Source: Annual report, chapter Report from the Executive Board, page 7
Our Consulting business delivered a robust performance in 2010/2011, with important growth realised in Financial Services, Education and Consumer Business.
Source: Annual report, chapter Report from the Executive Board, page 8
The FAS practice comprises M&A, real estate and pensions.
Source: Annual report, chapter Report from the Executive Board, page 8
The downbeat prospects for the Dutch economy and ongoing decline of the public sector, offers limited growth prospects for large parts of our highly mature markets.
Source: Annual report, chapter Report from the Executive Board, page 8
The quality of our work will be the key differentiator in the market place.
Source: Annual report, chapter Report from the Executive Board, page 8
We see significant opportunities to increase our activities with private sector companies by sharpening our focus on account planning, relationship management and targeting.