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&lt;br /&gt; GN STORE NORD &ndash; ANNUAL REPORT 2010&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /<a title="Annualreport2010.pdf page 1" href="http://viewer.zmags.com/publication/05370962?page=1">GN STORE NORD &ndash; ANNUAL REPORT 2010</a> GN STORE NORD &ndash; ANNUAL REPORT 2010<a title="Annualreport2010.pdf page 2" href="http://viewer.zmags.com/publication/05370962?page=2">ContentsManagement's Report 3 </a> ContentsManagement's Report 3 <a title="Annualreport2010.pdf page 3" href="http://viewer.zmags.com/publication/05370962?page=3">Management's Report &ndash; Foreword by the Chairma</a> Management's Report &ndash; Foreword by the Chairma<a title="Annualreport2010.pdf page 4" href="http://viewer.zmags.com/publication/05370962?page=4">Management's Report &ndash; Consolidated Financial </a> Management's Report &ndash; Consolidated Financial <a title="Annualreport2010.pdf page 5" href="http://viewer.zmags.com/publication/05370962?page=5">Management's Report &ndash; Financial Targets</a> Management's Report &ndash; Financial Targets<a title="Annualreport2010.pdf page 6" href="http://viewer.zmags.com/publication/05370962?page=6">Management's Report &ndash; The Year 2010The </a> Management's Report &ndash; The Year 2010The <a title="Annualreport2010.pdf page 7" href="http://viewer.zmags.com/publication/05370962?page=7">Management's Report &ndash; Q4 2010 and Outlook for</a> Management's Report &ndash; Q4 2010 and Outlook for<a title="Annualreport2010.pdf page 8" href="http://viewer.zmags.com/publication/05370962?page=8">Management's Report &ndash; GN NetcomUni&#64257;ed C</a> Management's Report &ndash; GN NetcomUni&#64257;ed C<a title="Annualreport2010.pdf page 9" href="http://viewer.zmags.com/publication/05370962?page=9">Management's Report &ndash; GN NetcomSe</a> Management's Report &ndash; GN NetcomSe<a title="Annualreport2010.pdf page 10" href="http://viewer.zmags.com/publication/05370962?page=10">Management's Report &ndash; GN NetcomP</a> Management's Report &ndash; GN NetcomP<a title="Annualreport2010.pdf page 11" href="http://viewer.zmags.com/publication/05370962?page=11">Management's Report &ndash; GN NetcomMa</a> Management's Report &ndash; GN NetcomMa<a title="Annualreport2010.pdf page 12" href="http://viewer.zmags.com/publication/05370962?page=12">Management's Report &ndash; GN ReSoundGN ReSo</a> Management's Report &ndash; GN ReSoundGN ReSo<a title="Annualreport2010.pdf page 13" href="http://viewer.zmags.com/publication/05370962?page=13">Management's Report &ndash; GN ReSoundI</a> Management's Report &ndash; GN ReSoundI<a title="Annualreport2010.pdf page 14" href="http://viewer.zmags.com/publication/05370962?page=14">Management's Report &ndash; GN ReSound&#129;</a> Management's Report &ndash; GN ReSound&#129;<a title="Annualreport2010.pdf page 15" href="http://viewer.zmags.com/publication/05370962?page=15">Management's Report &ndash; GN ReSoundS</a> Management's Report &ndash; GN ReSoundS<a title="Annualreport2010.pdf page 16" href="http://viewer.zmags.com/publication/05370962?page=16">Management's Report &ndash; Enterprise Risk Managem</a> Management's Report &ndash; Enterprise Risk Managem<a title="Annualreport2010.pdf page 17" href="http://viewer.zmags.com/publication/05370962?page=17">Management's Report &ndash; Enterprise Risk Managem</a> Management's Report &ndash; Enterprise Risk Managem<a title="Annualreport2010.pdf page 18" href="http://viewer.zmags.com/publication/05370962?page=18">Management's Report &ndash; Corporate Governance</a> Management's Report &ndash; Corporate Governance<a title="Annualreport2010.pdf page 19" href="http://viewer.zmags.com/publication/05370962?page=19">Management's Report &ndash; Corporate Governance</a> Management's Report &ndash; Corporate Governance<a title="Annualreport2010.pdf page 20" href="http://viewer.zmags.com/publication/05370962?page=20">Management's Report &ndash; Corporate Social Respon</a> Management's Report &ndash; Corporate Social Respon<a title="Annualreport2010.pdf page 21" href="http://viewer.zmags.com/publication/05370962?page=21">Management's Report &ndash; Corporate Social Respon</a> Management's Report &ndash; Corporate Social Respon<a title="Annualreport2010.pdf page 22" href="http://viewer.zmags.com/publication/05370962?page=22">Management's Report &ndash; Shareholder Information</a> Management's Report &ndash; Shareholder Information<a title="Annualreport2010.pdf page 23" href="http://viewer.zmags.com/publication/05370962?page=23">Management's Report &ndash; Shareholder Information</a> Management's Report &ndash; Shareholder Information<a title="Annualreport2010.pdf page 24" href="http://viewer.zmags.com/publication/05370962?page=24">Management's Report &ndash; Shareholder Information</a> Management's Report &ndash; Shareholder Information<a title="Annualreport2010.pdf page 25" href="http://viewer.zmags.com/publication/05370962?page=25">Management's Report &ndash; Quarterly Reporting by </a> Management's Report &ndash; Quarterly Reporting by <a title="Annualreport2010.pdf page 26" href="http://viewer.zmags.com/publication/05370962?page=26">Management's Report &ndash; Board of Directors</a> Management's Report &ndash; Board of Directors<a title="Annualreport2010.pdf page 27" href="http://viewer.zmags.com/publication/05370962?page=27">Management's Report &ndash; Board of Directors and </a> Management's Report &ndash; Board of Directors and <a title="Annualreport2010.pdf page 28" href="http://viewer.zmags.com/publication/05370962?page=28">Management's Report &ndash; Statement by the Execut</a> Management's Report &ndash; Statement by the Execut<a title="Annualreport2010.pdf page 29" href="http://viewer.zmags.com/publication/05370962?page=29">Independent Auditors' ReportIndependent Aud</a> Independent Auditors' ReportIndependent Aud<a title="Annualreport2010.pdf page 30" href="http://viewer.zmags.com/publication/05370962?page=30">GN STORE NORD &ndash; FINANCIAL STATEMENTS 2010</a> GN STORE NORD &ndash; FINANCIAL STATEMENTS 2010<a title="Annualreport2010.pdf page 31" href="http://viewer.zmags.com/publication/05370962?page=31">Financial Statements &ndash; ContentsF</a> Financial Statements &ndash; ContentsF<a title="Annualreport2010.pdf page 32" href="http://viewer.zmags.com/publication/05370962?page=32">Financial Statements &ndash; Income Statement and</a> Financial Statements &ndash; Income Statement and<a title="Annualreport2010.pdf page 33" href="http://viewer.zmags.com/publication/05370962?page=33">Financial Statements &ndash; Balance Sheet at Dec</a> Financial Statements &ndash; Balance Sheet at Dec<a title="Annualreport2010.pdf page 34" href="http://viewer.zmags.com/publication/05370962?page=34">Financial Statements &ndash; Cash Flow Statement</a> Financial Statements &ndash; Cash Flow Statement<a title="Annualreport2010.pdf page 35" href="http://viewer.zmags.com/publication/05370962?page=35">Financial Statements &ndash; EquityReserves</a> Financial Statements &ndash; EquityReserves<a title="Annualreport2010.pdf page 36" href="http://viewer.zmags.com/publication/05370962?page=36">Notes &ndash; Financial StatementsNote</a> Notes &ndash; Financial StatementsNote<a title="Annualreport2010.pdf page 37" href="http://viewer.zmags.com/publication/05370962?page=37">Notes &ndash; Financial StatementsNote</a> Notes &ndash; Financial StatementsNote<a title="Annualreport2010.pdf page 38" href="http://viewer.zmags.com/publication/05370962?page=38">Notes &ndash; Financial StatementsNote </a> Notes &ndash; Financial StatementsNote <a title="Annualreport2010.pdf page 39" href="http://viewer.zmags.com/publication/05370962?page=39">Notes &ndash; Financial StatementsNote </a> Notes &ndash; Financial StatementsNote <a title="Annualreport2010.pdf page 40" href="http://viewer.zmags.com/publication/05370962?page=40">Notes &ndash; Financial StatementsNote </a> Notes &ndash; Financial StatementsNote <a title="Annualreport2010.pdf page 41" href="http://viewer.zmags.com/publication/05370962?page=41">Notes &ndash; Financial StatementsNote </a> Notes &ndash; Financial StatementsNote <a title="Annualreport2010.pdf page 42" href="http://viewer.zmags.com/publication/05370962?page=42">Notes &ndash; Income StatementConsolidated </a> Notes &ndash; Income StatementConsolidated <a title="Annualreport2010.pdf page 43" href="http://viewer.zmags.com/publication/05370962?page=43">Notes &ndash; Income StatementNote </a> Notes &ndash; Income StatementNote <a title="Annualreport2010.pdf page 44" href="http://viewer.zmags.com/publication/05370962?page=44">Notes &ndash; Income StatementConsolidated </a> Notes &ndash; Income StatementConsolidated <a title="Annualreport2010.pdf page 45" href="http://viewer.zmags.com/publication/05370962?page=45">Notes &ndash; Income StatementConsolidated </a> Notes &ndash; Income StatementConsolidated <a title="Annualreport2010.pdf page 46" href="http://viewer.zmags.com/publication/05370962?page=46">Notes &ndash; Balance SheetNote </a> Notes &ndash; Balance SheetNote <a title="Annualreport2010.pdf page 47" href="http://viewer.zmags.com/publication/05370962?page=47">Notes &ndash; Balance SheetNote </a> Notes &ndash; Balance SheetNote <a title="Annualreport2010.pdf page 48" href="http://viewer.zmags.com/publication/05370962?page=48">Notes &ndash; Balance SheetNote </a> Notes &ndash; Balance SheetNote <a title="Annualreport2010.pdf page 49" href="http://viewer.zmags.com/publication/05370962?page=49">Notes &ndash; Balance SheetParent companyN</a> Notes &ndash; Balance SheetParent companyN<a title="Annualreport2010.pdf page 50" href="http://viewer.zmags.com/publication/05370962?page=50">Notes &ndash; Balance SheetConsolidatedNot</a> Notes &ndash; Balance SheetConsolidatedNot<a title="Annualreport2010.pdf page 51" href="http://viewer.zmags.com/publication/05370962?page=51">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 52" href="http://viewer.zmags.com/publication/05370962?page=52">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 53" href="http://viewer.zmags.com/publication/05370962?page=53">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 54" href="http://viewer.zmags.com/publication/05370962?page=54">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 55" href="http://viewer.zmags.com/publication/05370962?page=55">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 56" href="http://viewer.zmags.com/publication/05370962?page=56">Notes &ndash; Balance SheetNote </a> Notes &ndash; Balance SheetNote <a title="Annualreport2010.pdf page 57" href="http://viewer.zmags.com/publication/05370962?page=57">Notes &ndash; Balance SheetConsolidated </a> Notes &ndash; Balance SheetConsolidated <a title="Annualreport2010.pdf page 58" href="http://viewer.zmags.com/publication/05370962?page=58">Notes &ndash; Supplementary InformationCons</a> Notes &ndash; Supplementary InformationCons<a title="Annualreport2010.pdf page 59" href="http://viewer.zmags.com/publication/05370962?page=59">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 60" href="http://viewer.zmags.com/publication/05370962?page=60">Notes &ndash; Supplementary InformationCons</a> Notes &ndash; Supplementary InformationCons<a title="Annualreport2010.pdf page 61" href="http://viewer.zmags.com/publication/05370962?page=61">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 62" href="http://viewer.zmags.com/publication/05370962?page=62">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 63" href="http://viewer.zmags.com/publication/05370962?page=63">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 64" href="http://viewer.zmags.com/publication/05370962?page=64">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 65" href="http://viewer.zmags.com/publication/05370962?page=65">Notes &ndash; Supplementary InformationNo</a> Notes &ndash; Supplementary InformationNo<a title="Annualreport2010.pdf page 66" href="http://viewer.zmags.com/publication/05370962?page=66">Notes &ndash; Supplementary InformationCons</a> Notes &ndash; Supplementary InformationCons<a title="Annualreport2010.pdf page 67" href="http://viewer.zmags.com/publication/05370962?page=67">Notes &ndash; Supplementary InformationNot</a> Notes &ndash; Supplementary InformationNot<a title="Annualreport2010.pdf page 68" href="http://viewer.zmags.com/publication/05370962?page=68">Notes &ndash; Supplementary Information</a> Notes &ndash; Supplementary Information<a title="Annualreport2010.pdf page 69" href="http://viewer.zmags.com/publication/05370962?page=69">Notes &ndash; Supplementary Information</a> Notes &ndash; Supplementary Information<a title="Annualreport2010.pdf page 70" href="http://viewer.zmags.com/publication/05370962?page=70">Notes &ndash; Supplementary Information</a> Notes &ndash; Supplementary Information<a title="Annualreport2010.pdf page 71" href="http://viewer.zmags.com/publication/05370962?page=71">Notes &ndash; Supplementary Information</a> Notes &ndash; Supplementary Information<a title="Annualreport2010.pdf page 72" href="http://viewer.zmags.com/publication/05370962?page=72">Notes &ndash; Supplementary Information</a> Notes &ndash; Supplementary Information<a title="Annualreport2010.pdf page 73" href="http://viewer.zmags.com/publication/05370962?page=73">Investments in Subsidiaries and Associates at Dec</a> Investments in Subsidiaries and Associates at Dec<a title="Annualreport2010.pdf page 74" href="http://viewer.zmags.com/publication/05370962?page=74">GLOSSARY AND KEY RATIO DEFINITIONSIn this an</a> GLOSSARY AND KEY RATIO DEFINITIONSIn this an<a title="Annualreport2010.pdf page 75" href="http://viewer.zmags.com/publication/05370962?page=75">GN Store Nord has been helping people connect sin</a> GN Store Nord has been helping people connect sin