Board’s Report 2008

2

The board

Chairmanship:

Martin Nielsen, Skills Group (Denmark)

Thomas Frisenberg, Esoftflow (Denmark)

Thomas Bo Pedersen, Mascot (Denmark)

Jan Ahlsen, IKEA (Sweden)

Soeren Husted, Shortcut Partners (Denmark)

Roland Ragnar, Ericsson (Norway)

Klavs Nielsen, DK Engineering (Denmark)

Gunnar Wennerberg, Individual (Sweden)

Board members:

Substitute: Honorary auditor:

3

The secretariat and treasurer

Address: Suite 504, Thanh Ha Building, Linh Dam, Hanoi

Secretariat is headed by Thomas Frisenberg and comprises also of treasure function (Esoftflow’s Chief Accountant)

Employment of full-time staff was not successful and deemed inefficient at the moment

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Membership

Total members: 27

Large corporations: 2

SMEs: 19

Individual: 2

Honorary: 4

Denmark: 18

Sweden: 5

Norway: 1

Finland: 1

Others: 2

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What we set out to achieve

Strengthen the benefits for members

Boost the profile of Nordcham

Increase the membership base

Improve networking and knowledge-sharing among member companies

Improve information dissemination

Continue collaboration with Eurocham and other chambers of commerce

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How do we get on from here?

Hopefully secure 1-2 new active board members (preferably non-Danish)

Boost membership by offering “free” membership after AGM

Launch website (www.nordchamhn.org.vn)

Seek closer collaboration with Eurocham and other business chambers through co-organized activities/events

Treasurer’s Report 2008

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Profit and loss

Category Amount (USD)

Income: 18,783.33

- Large corporations 3,065.03

- Small and Middle company 2,999.16

- Individual member 533.17

- Others activities income 12,185.97

Expenses: 17,641.28

- Events 12,746.43

- Secretariat related 4,894.85

Profit 1,142.05

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Trial Balance

Category (USD) Opening Balance

(Debit/Credit)

Net change (Debit)

Net change (Credit)

Closing Balance

(Debit/Credit)

Cash on hand/bank 12,390.33 24,341.85 25,699.80 11,032.38

Payable 0.00 625.00 625.00 0.00

Receivable 0.00 2,500.00 0.00 2,500.00

Expenses 0.00 17,641.28 17,641.28 0.00

Income 0.00 18,783.33 18,783.33 0.00

Retain earning from 2006+2007+2008

10,742.76 0.00 1,142.05 11,884.81

Opening balance cash 2006

1,647.57 0.00 0.00 1,647.57

Total 12,390.33 63,891.46 63,891.46 13,532.38

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Fee structure

Large corporate: EURO 520 (900)

SME: EURO 360 (450)

Individual: EURO 280 (250)

Fees are unchanged for 2009 but a larger share goes to Eurocham:

Large corporate: EURO 360SME: EURO 180Individual: EURO 100

Election for Nordcham

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Election

Election for the boardNominees – see list

Election for substitutesNominees – see list

Election for honorary auditorNominees – see list

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Thank you for your attention.