DOCSLIB.ORG

2009 REGISTRATION DOCUMENT Page Page

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2009 REGISTRATION DOCUMENT Page Page 092009 REGISTRATION DOCUMENT page page 1 Presentation of the Group 3 5 2009 Statutory fi nancial 1.1. Overview 4 statements 225 1.2. Selected fi nancial information 4 5.1. Bureau Veritas SA statutory fi nancial 1.3. History 7 statements 226 1.4. Business overview 9 5.2. Notes to the statutory fi nancial statements 229 1.5. Presentation of the Group’s businesses 24 5.3. Statutory Auditors’ report on the fi nancial 1.6. Accreditations, approvals and authorizations 56 statements 253 1.7. Information and management systems 58 1.8. Risk factors 58 1.9. Insurance 65 6 Information on the Company and the Capital 255 6.1 General information 256 2 Corporate governance 67 6.2. Organizational structure 257 2.1. Corporate Offi cers and members 6.3. Subsidiaries and other equity of the Executive Committee 68 participations 258 2.2. Report of the Chairman of the Board 6.4. Intra-group contracts 260 of Directors 78 6.5. Industrial franchise, brand royalty 2.3. Corporate Offi cers’ remuneration and benefi ts 93 and know-how licensing contracts 261 6.6. Share capital and voting rights 261 6.7. Major shareholders 267 6.8. Dividend policy 270 3 Management Report on the 6.9. Related-party transactions 270 Company and on the Group 103 6.10. Articles of incorporation and by-laws 274 3.1. Overview of the Company and the Group 104 3.2. Summary of signifi cant accounting policies applied by the Group 108 7 3.3. Highlights of the fi nancial year 111 Additional information 281 3.4. Analysis of the 2009 consolidated 7.1. Bureau Veritas and its shareholders 282 fi nancial statements 113 7.2. Documents available to the public 285 3.5. Events after the balance sheet date 128 7.3. Signifi cant contracts 285 3.6. Outlook 129 7.4. Legal, administrative, government 3.7. QHSE Policy (Quality, Health, Safety, and arbitration procedures and and Environment) 130 investigations 285 3.8. Human Resources 141 7.5. Signifi cant changes in fi nancial 3.9. Interests of Executive Corporate Offi cers, or commercial conditions 286 Directors and certain employees 7.6. Information from third parties, expert in the capital of Bureau Veritas 146 certifi cates and interested parties 287 3.10. Additional information concerning 7.7. Principal property, plant and equipment 287 the Company in view of the approval 7.8. Research and development, patents of the 2009 accounts 153 and licenses 288 7.9. Date of the most recent fi nancial information 288 7.10. Interim and other fi nancial information 288 4 2009 consolidated fi nancial 7.11. Persons responsible 289 statements 159 7.12. Statutory Auditors 290 4.1. IFRS Consolidated Financial Statements 7.13. Cross-reference index 292 at December 31, 2009 160 4.2. Notes to the consolidated fi nancial statements 165 4.3. Statutory Auditors’ report on the consolidated fi nancial statements 224 II • DOCUMENT DE RÉFÉRENCE 2009 BUREAU VERITAS REGISTRATION DOCUMENT 2009 This document is a non-certified free translation of the French language Document de référence 2009, which was filed with the Autorité des marché s financiers (AMF) on April 12, 2010 , under number R.10-019 , pursuant its General Regulations and more particularly the provisions of Article 212-13. This document may be used in support of a financial transaction only where it is supplemented by a prospectus approved by the AMF. It was drawn up by the issuer and binds the signatories. The filing, pursuant to the provisions of Article L. 621-8-1-I of the French Monetary and Financial Code, was carried out after the AMF had checked “that the document is complete and understandable, and that the information therein is consistent”. This does not imply verification by the AMF of the accounting and financial items presented. Copies of this Registration Document are available free of charge from the registered offi ce of Bureau Veritas at 67-71 Boulevard du Château – 92200 Neuilly-sur-Seine - France. It may also be consulted on the website of Bureau Veritas (www.bureauveritas.com) and on the website of the AMF (www.amf-france.org). Pursuant to Article 28 of Commission Regulation (EC) No. 809/2004, the following information is included by reference in this Registration Document: • the management report, the consolidated fi nancial statements in respect of fi scal year 2008 as well as the corresponding audit report set out on pages 97 to 148, 149 to 215 and 215-216 of the Registration Document fi led with the AMF on April 23, 2009 under number R .09-026; • the management report, the consolidated fi nancial statements in respect of fi scal year 2007 as well as the corresponding audit report set out on pages 85 to 126, 127 to 190 and 191-192 of the Re gistration Document fi led with the AMF on April 21, 2008 under number R .08-028. BUREAU VERITAS 2009 REGISTRATION DOCUMENT • 1 2 • 2009 REGISTRATION DOCUMENT BUREAU VERITAS 1 OF THE GROUP 1 PRESENTATION Presentation of the Group page 1.1. Overview 4 1.2. Selected fi nancial information 4 1.3. History 7 1.4. Business overview 9 1.5. Presentation of the Group’s businesses 24 1.6. Accreditations, approvals and authorizations 56 1.7. Information and management systems 58 1.8. Risk factors 58 1.9. Insurance 65 BUREAU VERITAS 2009 REGISTRATION DOCUMENT • 3 PRESENTATION OF THE GROUP 1 Overview 1.1. Overview Founded in 1828, Bureau Veritas considers itself to be the world’s • inspection, audit, measuring and testing services in the fi elds of second largest group (based on revenue and number of employees health, safety and environment (Health, Safety & Environment in 2009) off ering, conformity assessment and certifi cation services business (HSE)); in the areas of quality, health, safety, environment and social construction services (Construction business); responsibility (“QHSE”), and considers itself to be the world leader for • QHSE services excluding commodities testing. The Group’s business • certifi cation of management systems or services (Certifi cation involves inspecting, testing, auditing or certifying products, assets business); (such as buildings, industrial infrastructure, equipment and ships) inspection and testing of consumer products (Consumer Products and management systems (particularly against ISO standards) • business); and based on regulatory or voluntarily adopted standards. services related to customs control and international trade The Group is one of the world leaders in the markets where its eight • services (Government Services & International Trade business businesses are present: - GSIT). ship classifi cation (Marine business); • The Group currently operates in more than 140 countries through a • industry services (Industry business); network of approximately 900 offi ces and laboratories. It employs more than 39,000 people and has a portfolio of over 370,000 clients. • inspection and verifi cation of equipment in service (In-Service Inspection & Verifi cation business (IVS)); 1.2. Selected fi nancial information The tables below set forth information taken from the Group’s This information should be read and evaluated in conjunction with consolidated fi nancial statements for the years ended December 31, the Group’s audited financial statements and the notes thereto 2007, 2008 and 2009 which were prepared in accordance with IFRS presented in Chapter 4 - 2009 consolidated fi nancial statements and audited. and Chapter 3 - Management report of this Registration Document. ❚ SELECTED INCOME STATEMENT DATA OF BUREAU VERITAS (in millions of euros) 2009 2008 2007 Revenue 2,647.8 2,549.4 2,066.9 Adjusted operating profi t (a) 433.2 387.6 312.1 Adjusted operating margin (in %) 16.4% 15.2% 15.1% Net fi nancial expense (61.1) (69.7) (47.7) Attributable net profi t 252.7 217.2 158.4 A ttributable a djusted net profit (a) (b) 273.5 231.4 193.2 (a) Before income and expenses related to acquisitions and other non-recurring items. (b) Details of Group adjusted attributable net profi t are provided in section 3.4.1 of Chapter 3 – Management report of this Registration Document. 4 • 2009 REGISTRATION DOCUMENT BUREAU VERITAS PRESENTATION OF THE GROUP Selected fi nancial information ❚ RECONCILIATION OF OPERATING PROFIT WITH ADJUSTED OPERATING PROFIT 1 (in millions of euros) 2009 2008 2007 Operating profi t 405.4 368.5 265.5 Amortization of intangible assets resulting from business combinations 19.8 17.9 9.6 Goodwill impairment 1.9 1.2 0.3 Discontinued activities 6.1 - - OF THE GROUP Management fees paid to the principal shareholder - - 1.6 PRESENTATION Initial public off ering related expenses - - 35.1 Adjusted operating profit 433.2 387.6 312.1 ❚ SELECTED CASH FLOW DATA OF BUREAU VERITAS (in millions of euros) 2009 2008 2007 Consolidated net profi t 257.7 223.6 163.5 Movements in working capital 46.6 (62.5) (10.1) Net cash generated from operating activities 418.6 315.4 217.3 Purchases of property, plant and equipment and intangible assets (65.3) (88.1) (51.0) Proceeds from sales of property, plant and equipment and intangible assets 0.6 2.0 1.5 Dividends received - - 1.3 Interest paid (43.8) (40.0) (35.5) Levered free cash flow (a) 310.1 189.3 133.6 (a) Cash fl ow after tax, interest expenses and capital expenditure . ❚ SELECTED BALANCE SHEET DATA (in millions of euros) 2009 2008 2007 Total non-current assets 1,310.3 1,258.8 898.9 Total current assets 987.3 1,009.4 910.3 Total equity 501.2 283.8 165.5 Non-current fi nancial liabilities 742.7 978.6 742.2 Other non-current liabilities 226.0 246.6 190.3 Current liabilities 828.2 756.3 716.7 Net financial debt (a) 679.3 907.7 667.3 (a) Net fi nancial debt is defi ned as the Group’s total fi nancial liabilities less marketable securities and similar receivables and cash and cash equivalent.
Load more

Recommended publications
  • The UK's Largest Event Dedicated to the Design & Construction of Schools
    2010 The UK’s largest event dedicated to the design & construction of schools MeetMeet the the project project leaders leaders School design is key to pupil PAGE 5 success, say headteachers PAGE 8 Over FREE! Headteachers seminar theatre PAGE 4 300 exhibitors! Keynote addresses from: Lord Puttnam, Paul Finch, CABE, Tim Byles, PfS and Baroness Morris of Yardley, PAGE 2-3 Panel discussions with: Barry Sheerman MP, Judith Bennett, National Governors’ Association Malcolm Trobe, Association of School and And lots College Leaders PAGE 2-3 more! Book your place today at: buildingschools.co.uk Platinum sponsors Gold sponsors Event partners Media partners pantone 349 Conference programme on the experience of two award winning local authorities and their schools and partners. Speakers will include: BSEC 2010 includes a two-day Chair: Nina Woodcock, head of capital programmes, Becta paid for conference Steve Moss, strategic director for ICT, Partnerships for Schools Penny Patterson, senior inspector ICT futures, London Borough of Havering Marcus Orlovsky, founder member and director, The BSEC conference runs over two days Richard Ayre, vice principal, Brittons School and Bryanston Square and attracts almost 1,000 delegates. The Technology College, Havering Thoughts of a former headteacher latest programme is detailed below: James Grant, Sheffield BSF manager, Civica Glynis Gower, former headteacher of Penistone Grammar School & educationalist with BAM PPP 3. Sustainability 12.40 – 13.40 Lunch and exhibition viewing By next February the DCSF Zero Carbon [Schools] Task Force will make significant 13.40 Panel: Schools capital programmes for Day one announcements impacting contractors. Attend the future this session to discover the requirements, and Wednesday 24 February Gain insight on what future government means to achieve them through the award policy could mean for the nature of future winning Acharacle primary school.
    [Show full text]
  • Industrial Minerals Quarries and Manufactures Many of the Key
    Industrial Minerals Industrial Minerals quarries and manufactures many of the key products required in road building including crushed rock and asphalt Industrial Minerals Financial highlights &)6%9%!25.$%2,9).'%!2.).'3 /0%2!4).'-!2'). 4!2-!#/0%2!4).'02/&)4 M "902/$5#4 !GGREGATES !SPHALT 2EADYMIXEDCONCRETE #EMENT ,IME -ORTAR #ONCRETEPRODUCTS /THER 3(!2%/&'2/50 3(!2%/&'2/50 /0%2!4).'02/&)4 .%4/0%2!4).'!33%43 /NACONTINUINGBASISFORAND /NACONTINUINGBASISFORAND HASBEENRESTATEDTOREFLECTTHEADOPTION OF54)&ABSTRACT!CCOUNTINGFOR%3/0TRUSTS In 2007, Copebrás and Yang Quarry were reclassified from Industrial Minerals to Base Metals and Coal respectively, to align with internal management reporting. As such, the 2007 and 2006 data has been reclassified for the Yang Quarry results and all data has been reclassified for the Copebrás results. 94 | Anglo American plc Fact Book 2007/8 Industrial Minerals Financial data US$m 2007(1) 2006 2005 2004 2003 2002 Turnover Subsidiaries 4,581 3,961 3,754 3,571 3,007 2,689 Joint Ventures – – – – 100 76 Associates 10 17 30 25 22 25 Total turnover 4,591 3,978 3,784 3,596 3,129 2,790 EBITDA 732 539 570 556 510 437 Depreciation and amortisation 258 222 229 201 220 184 Operating profit before special items and remeasurements 474 317 341 355 290 253 Operating special items and remeasurements (67) (269) (16) (9) – – Operating profit after special items and remeasurements 407 48 325 346 290 253 Net interest, tax and minority interests (90) (56) (69) (103) (34) (39) Underlying earnings 384 261 256 259 256 214 Net segments assets 4,509 4,185 3,839 4,345 4,213 3,784 Capital expenditure 352 383 271 278 298 262 (1) In 2007, Copebrás and Yang Quarry were reclassified from Industrial Minerals to Base Metals and Coal respectively, to align with internal management reporting.
    [Show full text]
  • CHANGING LANDSCAPES REPORT to SOCIETY 2005 Tarmac Artwork2.Qxd 24/2/06 3:28 Pm Page 2
    Tarmac artwork2.qxd 24/2/06 3:28 pm Page 1 ® CHANGING LANDSCAPES REPORT TO SOCIETY 2005 Tarmac artwork2.qxd 24/2/06 3:28 pm Page 2 BIODIVERSITY HEALTH & SAFETY WATER USE COMMUNITY & EDUCATION CASE REPORT 1 04 - 05 CASE REPORT 2 06 - 07 CASE REPORT 3 08 - 09 CASE REPORT 4 10 - 11 A look at some of the In 2005 Tarmac invested Our new ‘reservoir Tarmac’s Millennium many ways in which we heavily in new equipment pavement’ technology – Eco-Centre near Wrexham are helping to encourage and devised innovative ways Tarmac Aquifa™ – is set to is helping to promote biodiversity and restore of working to ensure that reduce the risk and costs of sustainable living and natural habitats across hand arm vibration doesn’t flash flooding through its raise awareness of the UK. compromise the health of environmentally friendly environmental issues across our workforce. drainage system. the wider community. Tarmac artwork2.qxd 24/2/06 3:28 pm Page 3 CONTENTS WELCOME TO TARMAC’S REPORT TO SOCIETY FOR 2005. AS A BUSINESS, WE INTRODUCTION 01 PLAY AN ESSENTIAL ROLE IN PROVIDING ABOUT TARMAC 02 - 03 SOCIETY WITH THE RAW CONSTRUCTION CASE REPORT 1 04 - 05 MATERIALS WHICH MAKE UP THE FABRIC CASE REPORT 2 06 - 07 OF OUR DAILY LIVES. CASE REPORT 3 08 - 09 CASE REPORT 4 10 - 11 As well as our commercial considerations, we are guided by a strong sense of responsibility for the health and safety of our SAFETY 12 - 14 employees, for the environment and for the communities we HEALTH 15 - 16 work in and society as a whole.
    [Show full text]
  • Tarmac Building Products Limited S172 Statement
    Tarmac Building Products Limited Section 172(1) statement The Companies (Miscellaneous Reporting) Regulations 2018 (the “Regulations”) have been in force with effect from 1 January 2019. The Regulations aim to extend sustainable and responsible governance practice beyond listed companies to private limited companies. Amongst other things, the Regulations require Tarmac Building Products Limited (the “Company”) to report how the directors of the Company have considered their duties under section 172 (of the Companies Act 2006 (the “Act”)) (“Section 172”), to promote the success of the Company, during the reporting period. The principal activity of the Company’s business is that of the provision of building materials across the UK and its activities and purpose frame the board’s approach to governance. The Company is part of the Tarmac sub-group of companies in the UK and is ultimately owned by CRH plc (“CRH”). CRH and its subsidiaries are referred to as the Group. In the management of its subsidiaries, the Group defines the measurement of success as long term value creation for the benefit of both the immediate entity and the wider Group with consideration to the Company's immediate stakeholders and those of the Group also. The Group recognises the need to have appropriate levels of governance across its subsidiaries as part of its approach to risk mitigation and wider stakeholder engagement strategy. The Group maintains strong levels of governance at both an enterprise wide and legal entity level, and as a result of increased regulation, CRH and its UK subsidiary boards recognise the need to move to a more structured approach and formalise key governance standards across its UK subsidiaries.
    [Show full text]
  • Number 67 September 2015
    Number 67 September 2015 The Russell Society is a society of amateur and professional mineralogists which encourages the study, recording and conservation of mineralogical sites and material. Registered Charity No. 803308 The Russell Society Website www.russellsoc.org So Much From So Few Clicks! The Russell Society Website has been changed & updated. Be sure to check it out! RUSSELL SOCIETY NEWSLETTER Russell Society Newsletter Number 67 September 2015 CONTENTS: Page No Society Health and Safety Policy ......................................................................... 2 Editorial ................................................................................................................... 3 From the President ................................................................................................ 4 Society Notices Obituary: Dr. James (“Jamie”) Bowman Nelson ..................................... 5 Your Society Needs You! Vacancy for Honorary Treasurer.................... 6 Your Society Needs You! New Journal Manager Required .................. 7 Your Society Needs You! Conservation Officer Vacancy ..................... 8 The Russell Society Library: Quo vadis .................................................. 9 Russell Society publications: Permissions .............................................. 9 The 2015 “Maisemore Event”: Don’t Miss It!............................................ 10 Gift Aid - Money for Nothing? .................................................................... 10 The New Russell Society Website
    [Show full text]
  • Tarmac Aggregates Limited S172 Statement
    Tarmac Aggregates Limited Section 172(1) statement The Companies (Miscellaneous Reporting) Regulations 2018 (the “Regulations”) have been in force with effect from 1 January 2019. The Regulations aim to extend sustainable and responsible governance practice beyond listed companies to private limited companies. Amongst other things, the Regulations require Tarmac Aggregates Limited (the “Company”) to report how the directors of the Company have considered their duties under section 172 (of the Companies Act 2006 (the “Act”)) (“Section 172”), to promote the success of the Company, during the reporting period. The principal activities of the Company’s business are: • Aggregates and Asphalt: the quarrying and supply of sand, gravel and stone and the manufacture of road surfacing materials; and • Readymix: the manufacture and supply of ready mixed concrete. (together, the “Principal Activities”). The Company is part of the Tarmac sub-group of companies in the UK (Tarmac) and is ultimately owned by CRH plc (“CRH”). CRH and its subsidiaries are referred to as the Group. In the management of its subsidiaries, the Group defines the measurement of success as long term value creation for the benefit of both the immediate entity and the wider Group with consideration to the Company's immediate stakeholders and those of the Group also. The Group recognises the need to have appropriate levels of governance across its subsidiaries as part of its approach to risk mitigation and wider stakeholder engagement strategy. The Group maintains strong levels of governance at both an enterprise wide and legal entity level, and as a result of increased regulation, CRH and its UK subsidiary boards recognise the need to move to a more structured approach and formalise key governance standards across its UK subsidiaries.
    [Show full text]
  • Epoc 2014 European Powers of Construction
    EPoC 2014 European Powers of Construction June 2015 EPoC is an annual publication produced by Deloitte and distributed free of charge Director Javier Parada, partner in charge of the Infrastructure Industry, Spain Coordinated by Margarita Velasco Martín Alurralde Serra Beltrán Fernández de Pinedo Published by CIBS Contact Infrastructure Department, Deloitte Madrid Plaza Pablo Ruiz Picasso, S/N Torre Picasso 28020 Madrid, Spain Phone + 34 91 514 50 00 Fax + 34 91 514 51 80 June 2015 Contents 4 Introduction 5 Ranking of listed European construction companies 6 Top 50 EPoC – ranking by sales 7 Top 20 EPoC – ranking by market capitalisation 8 Outlook for the construction industry in the EU 13 Top 20 EPoC strategies: internationalisation and diversification 17 EPoC 2014 financial performance 28 Internationalisation: Business opportunities 36 Diversification of the EPoC 2014 39 Financing of EPoC 2014 41 Performance of non-European construction companies 49 Top 20 EPoC – Company profiles Introduction The twelfth edition of European Powers of Construction examines the performance of the major listed European construction groups in terms of revenue, market capitalisation, internationalisation, diversification, indebtedness and other financial ratios. We are pleased to present European Powers of percentage points, reaching 52.1% of total sales, while Construction 2014, our annual publication in which non-construction activity increased by 0.7 percentage we identify and outline the major listed European points to 26.2%. Additionally, we have again taken a construction groups. This publication examines the look at the main non-European construction groups, in market position and performance of the main players in order to draw comparisons with the figures and financial the industry in terms of revenue, market capitalisation, ratios recorded by our EPoC.
    [Show full text]
  • 2011 Carillion Staff Report and Accounts
    Carillion Staff Pension Scheme Report and Financial Accounts Year ended 31 December 2011 Registrar of Occupational and Personal Pension Schemes Registration Number 10246759 Carillion Staff Pension Scheme Contents Page Advisers 2-3 Trustee report 4-11 Statement of Trustee responsibilities 12 Investment report 13-17 Summary of contributions 18 Statement about contributions 19 Independent Auditor's report to the Trustee 20 Fund account 21 Net assets statement 22 Notes to the financial statements 23-30 Actuarial statements 31 -33 Compliance statement 34-35 Carillion Staff Pension Scheme Advisers Year ended 31 December 2011 Administrative details Scheme Actuary Edwin Topper, FIA Mercer Limited Scheme Administrators MNPA Limited Auditors KPMG LLP Bankers National Westminster Bank pie AVC providers Equitable Life Assurance Society MGM Assurance Standard Life Assurance Society BlackRock Pensions Ltd Investment managers BlackRock Advisers (UK) Limited AllianceBernstein Institutional Investment Management (AB) Origin Asset Management Odey Asset Management (LLP) Taube Hodson Stonex Partners Unit Trust Management Company Limited Investment advisor Mercer Limited Custodian HSBC Bank Pie J P Morgan Chase & Co Brown Brothers Harriman RBC Dexia Investor Services Bank S.A. Northern Trust Secretary to the Trustee Tina Rushworth, Pensions Manager Carillion pie Birch Street Wolverhampton WV1 4HY Solicitors Sacker & Partners LLP 2 Carillion Staff Pension Scheme Advisers Year ended 31 December 2011 Advisers (continued) Principal employer Carillion pie Contact address MNPA Limited Leatherhead House Station Road Leatherhead Surrey KT22 ?ET 3 Carillion Staff Pension Scheme I Trustee report Year ended 31 December 2011 Introduction The Carillion Staff Pension Scheme ("the Scheme") was established on 1 October 1999 to provide pension benefits for new members and members transferring from the Tarmac Staff Pension Scheme under the demerger arrangements from the Tarmac Group.
    [Show full text]
  • Tarmac SHE Report 2002
    R safetyhealthenvironment social report2002 Chief Executive Officer's Report his is the third Safety, Health and Environment An improved safety performance has also been (SHE) report following the acquisition of Tarmac by reflected in an improved financial performance confirming TAnglo American plc in 2000 and the first to the adage that "good safety is good business". incorporate social information. This is our next step Our health targets are, by the nature of occupational ill towards reporting our sustainable development health and disease, long term. The baseline of performance whilst acknowledging we still have some way occupational health will be complete in 2003. Our strategy to go before we can truly claim to be producing a continues to be to eliminate exposure to occupational "Sustainability Report" or "Report to Society" in terms of health hazards or where this cannot be achieved to control our economic, social and environmental activity. exposure to a level where ill health will not occur. We are Sustainable development is a concept that means embarking on studies to understand the long-term effects different things to different people with over 700 of Whole Body Vibration, as there is no clear cause-effect definitions at the last count. The Brundtland definition was relationship for exposure to WBV. probably the first widely known and is still the easiest to Protecting the environment is a central theme of understand: sustainable development. Our main thrust to date has "Development that meets the needs of the present been to have robust Environmental Management Systems generation without compromising the ability of future to the ISO 14001 standard in place at all operations before generations to meet their own needs".
    [Show full text]
  • Life Cycle Assessment of Aggregates
    EVA025 –Final Report: Aggregates Industry Life Cycle Assessment Model: Modelling Tools and Case Studies Life Cycle Assessment of Aggregates Report Prepared by Dr Anna Korre & Professor Sevket Durucan – Imperial College London Project code: EVA 025 ISBN: NB Research start date: March 2007 Report Date: August 2009 Front cover photograph: Marine Dredged Aggregate Stockpile _ MIRO Photo Library Published by Waste & Resources The Old Academy Tel: 01295 819 900 Helpline freephone Action Programme 21 Horse Fair Fax: 01295 819 911 0808 100 2040 Banbury, Oxon E-mail: [email protected] OX16 0AH Executive summary The objective of the work reported here was to develop a Life Cycle Inventory (LCI) and Assessment (LCA) Model for the aggregates industries. The work includes the extraction and processing of primary resources through to the point of their dispatch as aggregates (including overburden stripping, drilling and blasting, and restoration), and comparing with the processing of equivalent recycled aggregates for three grades (aggregates for unbound applications; aggregates for concrete; aggregates for asphalt) from: igneous rocks; sedimentary rocks; sand and gravel deposits (land and marine); recycled unbound inert waste; recycled concrete; and recycled asphalt in particular to ascertain and quantify all the environmental impacts of each phase in the product life cycle. As well as conventional crushing and screening, the aggregates processing component of the work also includes the Life Cycle impacts of excess production of fines, washing of recycled aggregates to enable further processing of fines and other aggregate sizes and the disposal options for inert construction and demolition wastes. The model includes impacts related to transport of primary and recycled aggregates from source to the market place, introducing a spatial dimension to the LCA process within the UK.
    [Show full text]
  • Download As PDF (12.42
    issue 29 – AUGUST 2017 www.masterinvestor.co.uk The UK's no.1 free investment publication CLIMATE CHANGE CURSE OR OPPORTUNITY? plus... Carillion's collapse THE LESSONS FOR INVESTORS Small caps, big potential THE BEST FUNDS AND TRUSTS TO GO SMALL REITs Vs buy-to-let WHICH ONE IS RIGHT FOR YOU? Frontier markets THE WILD WEST OF INVESTMENT 2 | ISSUE 29 – AUGUST 2017 Master Investor is a registered trademark of Master Investor Limited | www.masterinvestor.co.uk Untitled-1 1 20/01/2017 14:17 WELCOME Dear Reader, Putting climate change onto the cover of an investment magazine was no easy decision. It remains one of the most contentious and divisive subjects on earth. A 2016 YouGov survey found that out of 17 countries surveyed worldwide Britain is among the least con- cerned about climate change. The issue had a "share of concern" of 10.8%, two points behind the global aver- age and above only the USA (9.2%) and Saudi Arabia (5.7%). Whatever you think about the subject, it's evident that the climate change movement has so far failed to convince the British public of its case. For the demographics of 40 years upwards, which makes up the core of our readership, the dismissive view of climate change is likely to be even more accentuated. CONTACTS Advertising No doubt that is also because there are several levels to this debate. [email protected] Is there climate change at all? If there is, is it man-made or just a matter of natural Editorial Enquries fluctuations? Are the policy decisions of our national governments and suprana- [email protected] tional bodies, like the United Nations, suitable to deal with the issue or are they primarily geared towards lavishing money on ineffective special interest groups? Subscriptions Shouldn't we possibly even welcome climate change for its potentially positive [email protected] impact on many a region of the world? The question begs, should an investment magazine delve into the subject at all? FOLLOW US Our team decided it should, for a simple reason: there is money to be made in any case.
    [Show full text]
  • Harworth Group Plc Harworth
    Harworth plc Group Harworth Group plc Annual Report and Financial Statements 2020 Annual Report Statements 2020 and Financial Transform Regenerate Revitalise A leading Master Portfolio has Developer and the potential to regeneration create £3.9bn company in the per annum in North of England Gross Value and the Midlands Added to UK plc Portfolio could Portfolio could deliver deliver a total 27.3m sq. ft of 30,668 of commercial new homes space Delivering our Purpose ................................................6 Doing business the Harworth Way ................................8 Our strategy ............................................................. 10 How we deliver value ................................................ 12 Our sectors .............................................................. 14 Track record ............................................................ 16 Report Strategic Chair of the Board’s Message ..................................... 18 Chief Executive’s Statement .......................................20 Financial Review .......................................................24 Effectively managing our risks ....................................32 Long-Term Viability Statement ....................................40 Case Study 1: Riverdale Park, Doncaster .......................42 The Harworth Way: Communities ...............................44 The Harworth Way: Planet ..........................................52 Case Study 2: Logistics ..............................................56 The Harworth Way: People .........................................58
    [Show full text]