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During 2011, Yara delivered its highest annual result so far. Continuously employing its strong platform, unique business model and unrivaled global presence, Yara is well positioned to leverage strong fundamentals in agricultural markets. With mineral fertilizer demand remaining strong through 2011, Yara achieved its best revenues and income so far. 2011 exceeded the previous record year of 2010 and strengthened Yara’s financial position. Safety remained an operational priority, as did compliance, with strict ethical guidelines.
In 2011, Yara achieved its best annual result so far, exceeding the previous record year of 2010 and continuing the strong trend for global agricultural markets which began in the previous year and kept fertilizer demand and prices strong also in 2011.
Yara’s total risk exposure is analyzed and evaluated at corporate level. Risk evaluations are integrated in all business activities, both at corporate and business unit level, increasing Yara’s ability to mitigate risk and take advantage of business opportunities.
During 2011, Yara reviewed its previous citizenship approach, broadening its scope through establishing the Creating Impact strategic framework. As a strategic ambition, Creating Impact is closely connected to the company mission, ‘Better yield’.
Yara has a strong track record with respect to health, environmental and safety performance. The company has a longstanding commitment to workers’ safety, founded on the belief that every accident is preventable. This forms the basis for a strong safety program within the company.
Yara recognizes that the company is only as good as the combination of its people and products. Yara is the world’s largest supplier of mineral fertilizers, the largest supplier and trader of ammonia, and the global leader in a wide range of chemical products – thanks to its talented employees.
Proactive and transparent corporate governance is crucial for aligning the interests of shareholders, management, employees and other stakeholders. Yara believes that good corporate governance drives sustainable business conduct and long-term value creation.
Yara’s Board held twelve meetings in 2011. Three of the eight Board members are women. The Board is made up of five shareholder-elected members and three employee-elected members.
The parent company Yara International ASA is primarily a holding company, with financial activities and non-material operations. Yara International ASA had net income of NOK 1,903 million in 2011.
Yara’s dividend policy is to pay out a minimum 30% of net income as an average over the business cycle. Yara believes it will be beneficial for shareholders that the Company strives for a gradual increase and predictability in the absolute dividend level over time, independent of the business cycle.
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Financial report 2011(PDF, 6.7MB)
Impact review 2011(PDF, 5.2MB)
Management discussion & analysis (PDF, 1.1MB)
Report of the Board of Directors(PDF, 850KB)
Financial statements(PDF, 1.4MB)
Financial Statements (Norwegian translation)(PDF, 9.0MB)
Historical data 2011(XLS, 162KB)
