ECOLAB

 

Ecolab 2 0 0 3

 

Annual Report

TABLE OF CONTENTS  







Ecolab Overview
Description of Business
Financial Highlights
To Our Shareholders
Details Matter
    Review of Operations - Introduction
    Review of Operations - Institutional
    Review of Operations - Kay
    Review of Operations - Pest Elimination
    Review of Operations - Professional Products
    Review of Operations - GCS Service
    Review of Operations - Textile Care
    Review of Operations - Food & Beverage
    Review of Operations - Water Care Services
    Review of Operations - Vehicle Care
    Review of Operations - Europe, Middle East and Africa
    Review of Operations - Asia Pacific
    Review of Operations - Canada
    Review of Operations - Latin America
    Financial Discussion - 2003 Overview
    Financial Discussion - Critical Accounting Policies and Estimates
    Financial Discussion - Operating Results
    Financial Discussion - Operating Segment Performance
    Financial Discussion - Henkel-Ecolab, Corporate, Interest and Income Taxes
    Financial Discussion - Financial Position, Cash Flows, Liquidity and Capital Resources
    Financial Discussion - Market Risk and Subsequent Events
    Forward-Looking Statement and Risk Factors
    Consolidated Statement of Income
    Consolidated Balance Sheet
    Consolidated Statement of Cash Flows
    Consolidated Statement of Comprehensive Income and Shareholders' Equity
        Note 1. Nature of Business
        Note 2. Summary of Significant Accounting Policies
        Note 3. Special Charges
        Note 4. Gain From Discounted Operations
        Note 5. Henkel-Ecolab
        Note 6. Other Business Acquisitions and Dispositions
        Note 7. Balance Sheet Information
        Note 8. Financial Instruments
        Note 9. Shareholders' Equity
        Note 10. Stock Incentive and Option Plans
        Note 11. Income Taxes
        Note 12. Rentals and Leases
        Note 13. Research Expenditures
        Note 14. Commitments and Contigencies
        Note 15. Retirement Plans
        Note 16. Operating Segments
        Note 17. Changes in Accounting
        Note 18. Quarterly Financial Data (Unaudited)
Report of Management and Report of Independent Auditors
Summary Operating and Financial Data
Board of Directors
Corporate Officers
Shareholder Information








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