DOCSLIB.ORG

2781 Smurfit AR 2013.Indd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2781 Smurfit AR 2013.Indd packaging solutions Annual Report 2013 mission Design: Anup Champaneri and Richard Gannon at Smurfi t Kappa Chelmsford, united Kingdom CONTENTS 2 Group profi le 63 independent auditors’ 3 2013 financial report performance Overview 66 Consolidated income 4 Group Operations statement 6 Chairman’s statement 67 Consolidated statement of Comprehensive income 10 Chief Executive’s review 68 Consolidated Balance sheet 12 Business model 69 Company Balance sheet 13 strategy 70 Consolidated statement 16 Operations review of Changes in Equity 22 finance review 71 Company statement of 32 sustainability Changes in Equity 34 Board of Directors 72 Consolidated statement 38 Corporate Governance of Cash flows statement 73 Company statement 43 Directors’ report of Cash flows 45 audit Committee report 74 notes to the Consolidated 48 remuneration report financial statements 61 nomination Committee 130 shareholder information report 62 statement of Directors’ responsibilities mission the smurfi t kappa Group strives to be a customer-oriented, market-led company where the satisfaction of customers, the personal development of employees, and respect for local communities and the environment are seen as being inseparable from the aim of creating value for the shareholders. Group profile 38 229 mills (27 produce Converting containerboard) plants We employ We operate in We own We own 41,000 Countries 103,000 21 in Europe 51 30 people worldwide recovered Other production Hectares of Countries in fibre facilities/wood facilities Latin american 11 the americas procurement forest plantations Smurfit Kappa Group plc (‘SKG plc’ or County (‘SKoC’). SKoC, formerly the corrugated market is a localised ‘the Company’) and its subsidiaries orange County Container Group, was market and corrugated box plants need (together ‘SKG’ or ‘the Group’) is one acquired on 30 november 2012. to be close to customers (generally no of the world’s largest integrated more than 250 to 300 kilometres), due the Group operates in 21 countries in manufacturers of paper-based to the relatively high cost of transporting europe and is the european leader in packaging products, with operations the product. approximately 60% of the corrugated packaging, containerboard, in europe and the americas. It Group’s corrugated customers are in solidboard, and solidboard packaging manufactures, distributes and sells the fast moving consumer goods with key positions in several other containerboard, corrugated containers (‘FMCG’) sector, comprising food, packaging and paper market segments and other paper-based packaging beverage, and household consumables, and a growing base in eastern europe. products such as solidboard, the remainder being split across a wide We also have two bag-in-box facilities, graphicboard and bag-in-box. range of different industries. located in Canada and argentina, which the Group has two reporting segments, are managed as part of the Group’s In 2013, the Group’s europe and europe and the americas. the europe european operations. the Group americas segments accounted for segment, which is highly integrated, operates in 11 countries in the americas approximately 75% and 25% of revenue includes a system of mills and plants and is the only large-scale pan-regional respectively. that primarily produces a full line of producer of containerboard and at the date of this report, the Group containerboard that is converted into corrugated containers in latin america. owns 38 mills (27 of which produce corrugated containers. In addition to In terms of world market positions, the containerboard), 229 converting plants other types of paper, such as solidboard Group is the second largest producer (most of which convert containerboard and sack kraft paper, and paper-based of corrugated packaging. into corrugated boxes), 49 recovered packaging, such as solidboard packaging Given the high degree of integration fibre facilities and two wood and folding cartons, this segment between the mills and its conversion procurement operations (which includes the Group’s bag-in-box plants, particularly in terms of together provide raw material for the operations. the americas segment containerboard, the Group’s end Group’s mills) and 30 other production comprises all the Group’s forestry, customers are primarily in the facilities carrying on other related paper, corrugated, paper sack and corrugated packaging market, which activities. In addition, the Group owns folding carton activities in a number of uses the packaging for product approximately 103,000 hectares of latin american countries and all the protection and product marketing forest plantations in latin america. operations of Smurfit Kappa orange and merchandising purposes. 2 smurfit kappa | annual report 2013 2013 Financial performance overview World market position for the production of 7,957 1,107 2 corrugated packaging 7,335 1,016 European market position in corrugated packaging, 2013 containerboard, solidboard 1 and solidboard packaging 2012* Revenue EBITDA before (€ million) exceptional items and share-based payment expense (‘EBITDA’) (€ million) 13.8% 13.9% 630 643 319 365 294 282 EBITDA margin Operating profit Profit before Free cash flow (€ million) income tax (€ million) (€ million) 114.5 2,792 2.7x 106.9 104.1 2,621 2.4x 82.2 Net debt Net debt to Basic earnings Pre-exceptional (€ million) EBITDA per share (cent) basic earnings per share (cent) * Comparative figures reflect the restatement to employee benefits under the revision of IAS 19, Employee Benefits, as set out in Note 32 in the Notes to the Consolidated Financial Statements. smurfit kappa | annual report 2013 3 Group operations the americas OpEratiOns Virgin Mills 2 recycled paper and Board Mills 10 Corrugated 33 Cartons 3 paper Sacks 5 recovered Fibre 33 other 4 saLEs Volumes (million tonnes) Containerboard 1.1 other paper & Board 0.3 Corrugated 1.0 VIrGIn MIllS ReCyCled MIllS CorruGated CartonS Paper Sacks BaG-In-Box ReCoVered FIBre ForeStry 4 smurfit kappa | annual report 2013 Europe OpEratiOns Virgin Mills 5 recycled Containerboard Mills 13 other recycled paper and Board Mills 8 Corrugated 158 Cartons and Solidboard packaging 9 recovered Fibre 16 other 49 saLEs Sales Volumes (million tonnes) Kraftliner 1.6 recycled Containerboard 2.9 other paper & Board 1.1 Corrugated 4.2 Solidboard packaging 0.3 VIrGIn MIllS ReCyCled MIllS CorruGated CartonS and SolIdBoard paCKaGInG BaG-In-Box ReCoVered FIBre smurfit kappa | annual report 2013 5 Chairman’s Statement Year in review the Group is pleased to announce a full year eBItda performance of over €1.1 billion and a return on capital employed of over 13%. With a weaker though improving year-on-year performance in europe, the americas has been a strong source of earnings growth in 2013 and continues to provide the Group with geographic diversity and exposure to higher growth markets. during 2013 the Group has completed its main fi nancial restructuring activity moving from being a leveraged company to achieving a corporate credit profi le. as a consequence, the profi le of the Group has fundamentally changed and the progress made off ers the company a wider range of strategic and fi nancial options. on behalf of the Board, I would like to acknowledge the on-going commitment of all of our employees in contributing to the signifi cant progress made during the year. Governance and Board Mr Moloney, the recently retired Ceo of the Board and Management of SKG Glanbia plc, brings significant experience support the highest standards of of international markets and we believe Corporate Governance and ethical he will make a valuable contribution to business conduct. We believe that the Board and the continuing Corporate Governance is not just a development of SKG. matter for the Board but that a culture as reported last year, Mr Christopher of high standards of governance must McGowan retired from the Board at the be promoted from the top and fostered 2013 annual General Meeting (‘aGM’). throughout the whole organisation. We would like to sincerely thank him for We believe that governance is about his support and contribution to the ensuring that 1) we have the right Group during his ten years as a director strategy to deliver for our shareholders and to offer him our best wishes for the and other stakeholders, 2) the executive future. team is leading and managing effectively to reach our strategic goals and in doing Operational visits so they are held accountable and at the In July, the Board travelled to Colombia same time are fairly remunerated and and visited our Cali, Bogota and Medellin 3) the risks to the Group are managed operations as well as our Forestry and mitigated and that appropriate operations in restrepo. the Board was controls are in place at all levels of the also pleased to visit el Caracolí on the organisation. the key principles and outskirts of Cali, an early childhood practices designed to achieve these development centre created by the standards are set out in the Corporate Fundación Smurfit Cartón de Colombia Governance Statement. I would like to in close cooperation with other thank all of the directors for their foundations in the country. In october, continued support and contribution to the Board visited our townsend Hook mill the development and effectiveness of site in the uK to view progress on the the workings of the Board and its various building to accommodate the 250,000 Committees during the year. tonnes refurbished paper machine which is expected to come on-stream in early Directors 2015. these visits are extremely valuable during 2013, we were pleased to in giving the members of the Board a announce that Mr John Moloney was deeper first-hand understanding of co-opted to the Board as an the strength and extent of our local independent non-executive director. businesses, their strategic positioning, Liam O’maHOnY 6 CHaIrMan and the dedication and enterprise of environment. I am very pleased to 30.75 cent, a 50% increase on last year, our teams at all levels throughout the acknowledge the third party recognition reflecting confidence in the business.
Load more

Recommended publications
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Press Release CRH Continues Share Buyback Programme
    CRH plc T +353 (1) 404 1000 Stonemason’s Way E [email protected] Rathfarnham W www.crh.com Dublin 16 D16 KH51 Ireland 30 June 2021 Press Release CRH Continues Share Buyback Programme CRH plc, the leading building materials business in the world, is pleased to announce the continuation of its share buyback programme. The Group has entered into arrangements with Societe Generale to repurchase ordinary shares on CRH’s behalf for a consideration of up to $300 million (the “Buyback”). The Buyback will commence today, 30 June 2021, and will end no later than 1 October 2021. Under the terms of the Buyback, ordinary shares will be repurchased on Euronext Dublin. CRH has entered into non-discretionary instructions with Societe Generale, acting as principal, to conduct the Buyback on CRH’s behalf and to make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters. The purpose of the Buyback is to reduce the share capital of CRH and it will be conducted within the limitations of the authority granted at CRH’s AGM on 29 April 2021 to repurchase up to 10% of the Company’s ordinary shares in issue (being 66,634,105 ordinary shares following the completion of the latest phase of the buyback programme). The Buyback will also be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (also as in force in the UK, from time to time, including, where relevant, pursuant to the UK’s Market Abuse (Amendment) (EU Exit) Regulations 2019) and Chapter 12 of the UK Financial Conduct Authority’s Listing Rules.
    [Show full text]
  • (UK) Plc CRH Funding BV CRH Finance Germany Gmbh CRH
    CRH Finance Limited (incorporated with limited liability in Ireland with registered number 50074) CRH Finance (U.K.) plc (incorporated with limited liability in England and Wales with registered number 2153217) CRH Funding B.V. (incorporated with limited liability in The Netherlands with registered number 57502536) CRH Finance Germany GmbH (incorporated with limited liability in the court of Düsseldorf, Germany with registered number HRB 66176) CRH Finance SAS (incorporated with limited liability in France with registered number 519 204 440) CRH Finland Services Oyj (incorporated with limited liability in Finland with Business Identity Code 2553762-1) CRH Finance Switzerland AG (incorporated with limited liability in Switzerland with registered number CH-170.3.037.929-8) €5,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by CRH plc (incorporated with limited liability in Ireland with registered number 12965) Under this €5,000,000,000 Euro Medium Term Note Programme (the Programme), CRH Finance Limited (an Issuer or CRH Finance), CRH Finance (U.K.) plc (an Issuer or CRH Finance UK),CRH Funding B.V. (an Issuer or CRH Funding B.V.), CRH Finance Germany GmbH (an Issuer or CRH Germany), CRH Finance SAS (an Issuer or CRH Finance SAS), CRH Finland Services Oyj (an Issuer or CRH Finland) and CRH Finance Switzerland AG (an Issuer or CRH Switzerland) (together, the Issuers) may from time to time issue notes (the Notes) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). The payments of all amounts due in respect of the Notes will be unconditionally and irrevocably guaranteed by CRH plc (the Guarantor or CRH).
    [Show full text]
  • Smurfit Kappa Annual Report 2009
    SMURFIT KAPPA GROUP PLC ANNUAL REPORT 2009 ANNUAL REPORT 2009 Raw materials The raw material for paper-based packaging comes from renewable sources and the end product is recycled many times making all forms of SKG’s paper-based packaging the most environmentally friendly available. SKG recovers almost 5 million tonnes of recycled paper each year in Europe where it is the European leader in recycling and 0.8 million tonnes in Latin America where it also holds a leading position. Almost all of this is sourced through our own recovery systems. Modern mills The Group produces well over 6 million tonnes of paper, primarily in the containerboard, solidboard and sackpaper grades, at its 38 mills across the world. The Group is the leading producer of containerboard in Europe and one of the largest in Latin America using wood and recovered paper to manufacture kraftliner and recycled paper grades respectively. Our containerboard production is integrated into our corrugated operations. Operating excellence The product range of our containerboard mills covers the complete spectrum of paper and board including features such as weight, colour and printability. On the packaging side, our extensive presence in 21 European and 9 Latin American countries allows us to offer customers a “one stop shop” for all their packaging needs and a differentiated quality of service. With a strong focus on innovative packaging solutions, our operations are supported by outstanding research and development facilities with a view to enhancing the customer offering. Design expertise/Innobook In SKG we have created “Innobook”, a library with over 3,000 proven design solutions, which is available to the more than 500 designers within our worldwide group and to both our sales and customer support people.
    [Show full text]
  • IACT | Corporate Treasury & Cash Management Conference
    CORPORATE TREASURY & CASH MANAGEMENT CONFERENCE 2013 Wednesday 20th November Gibson Hotel, 02 Point Village, IFSC, Dublin 1, Ireland www.corporatetreasury.ie Gold Sponsor: Premium Silver Sponsor: Silver Sponsors: Asset Management presented by: Irish Association of Corporate Treasurers & Summit Focus tel: + 353 1 524 2375 Irish Association email: [email protected] of www.summitfocus.com Corporate Treasurers EVENT SPONSORS WELCOME NOTE GOLD SPONSOR Irish Association of Corporate Treasurers DANSKE BANK Gold Sponsor Danske Bank Group is one of the strongest, best up with powerful technology platform. The dedicated Contact capitalised and most progressive banking groups in teams in Danske Bank’s Corporates & Institutions team www.treasurers.ie Europe. Operating in Ireland since 2005, Danske Bank work closely with clients to provide bespoke strategies is a specialist bank offering a market-leading product to help achieve their business and financial objectives. and service proposition for corporate clients, backed As President of the Irish Association of Corporate systems and trends (what the treasurer needs to do), Treasurers for 2013, I would like to welcome you all to and they’ll even cover benchmarking and KPIs (or, what this year’s conference. the treasurer needs to tell the Board!). PREMIUM SILVER The year has been a very good one as the Association Garnered with all this knowledge, the treasurers’ SPONSOR goes from strength to strength and builds on last year’s opinion forum will provide you with a chance to ask 25th anniversary. In addition to our recent flagship that question (by text or by the traditional method) that BARCLAYS event, the Annual Dinner, and the ever-popular golf has been on your mind or has cropped up during the Premium Silver Sponsor day, we also held a new event, the very well received conference and hear at first-hand how your peers in the Barclays has been supporting Irish businesses and deliver solutions that work for your business.
    [Show full text]
  • October 31St, 2019
    Quarter ended October 31, 2019 The New Ireland Fund Performance Data and Portfolio Composition QTR END NAV (unaudited) & MARKET PRICE PERFORMANCE as of 10/31/2019 NAV per share $11.09 10% Market Price $9.06 Discount to NAV -18.30% 5% 12 MONTH RANGE OF PRICES NAV high, 4/22/19 $11.52 0% NAV low, 12/27/18 $9.56 Market Price high, 4/18/19 $9.59 -5% 3 6 1 3 5 10 Incpt mths mths Year Year Year Year Market Price low,12/20/18 $7.76 NAV 8.53% 0.53% 5.38% 2.45% 4.88% 8.60% 7.11% Market Price 5.96% -1.71% 3.81% -0.56% 3.70% 7.99% 5.93% Benchmark^^ 6.15% 1.23% 6.40% 7.73% 7.01% 9.35% 7.06% Source: Fund’s Accounting Agent as of 10/31/19. Past performance is no guarantee of future results. Investment DISTRIBUTIONS returns and principal value will fluctuate and shares when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance data Most recent* September 27, 2019 quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Distribution, most recent $0.1115 Director and legal fees) and assumes the reinvestment of all distributions. The Fund is subject to investment risk, including the possible loss of principal. Returns for less than one year are Cumulative, 12 months $0.444 not annualized. Managed distribution rate 4.0% of Oct 31 NAV ^^The Benchmark is the MSCI All Ireland Capped Index.
    [Show full text]
  • Annex 1: Parker Review Survey Results As at 2 November 2020
    Annex 1: Parker Review survey results as at 2 November 2020 The data included in this table is a representation of the survey results as at 2 November 2020, which were self-declared by the FTSE 100 companies. As at March 2021, a further seven FTSE 100 companies have appointed directors from a minority ethnic group, effective in the early months of this year. These companies have been identified through an * in the table below. 3 3 4 4 2 2 Company Company 1 1 (source: BoardEx) Met Not Met Did Not Submit Data Respond Not Did Met Not Met Did Not Submit Data Respond Not Did 1 Admiral Group PLC a 27 Hargreaves Lansdown PLC a 2 Anglo American PLC a 28 Hikma Pharmaceuticals PLC a 3 Antofagasta PLC a 29 HSBC Holdings PLC a InterContinental Hotels 30 a 4 AstraZeneca PLC a Group PLC 5 Avast PLC a 31 Intermediate Capital Group PLC a 6 Aveva PLC a 32 Intertek Group PLC a 7 B&M European Value Retail S.A. a 33 J Sainsbury PLC a 8 Barclays PLC a 34 Johnson Matthey PLC a 9 Barratt Developments PLC a 35 Kingfisher PLC a 10 Berkeley Group Holdings PLC a 36 Legal & General Group PLC a 11 BHP Group PLC a 37 Lloyds Banking Group PLC a 12 BP PLC a 38 Melrose Industries PLC a 13 British American Tobacco PLC a 39 Mondi PLC a 14 British Land Company PLC a 40 National Grid PLC a 15 BT Group PLC a 41 NatWest Group PLC a 16 Bunzl PLC a 42 Ocado Group PLC a 17 Burberry Group PLC a 43 Pearson PLC a 18 Coca-Cola HBC AG a 44 Pennon Group PLC a 19 Compass Group PLC a 45 Phoenix Group Holdings PLC a 20 Diageo PLC a 46 Polymetal International PLC a 21 Experian PLC a 47
    [Show full text]
  • Ftse4good UK 50
    2 FTSE Russell Publications 19 August 2021 FTSE4Good UK 50 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Group 0.81 UNITED GlaxoSmithKline 5.08 UNITED Rentokil Initial 0.67 UNITED KINGDOM KINGDOM KINGDOM Anglo American 2.56 UNITED Halma 0.74 UNITED Rio Tinto 4.68 UNITED KINGDOM KINGDOM KINGDOM Antofagasta 0.36 UNITED HSBC Hldgs 6.17 UNITED Royal Dutch Shell A 4.3 UNITED KINGDOM KINGDOM KINGDOM Associated British Foods 0.56 UNITED InterContinental Hotels Group 0.64 UNITED Royal Dutch Shell B 3.75 UNITED KINGDOM KINGDOM KINGDOM AstraZeneca 8.25 UNITED International Consolidated Airlines 0.47 UNITED Schroders 0.28 UNITED KINGDOM Group KINGDOM KINGDOM Aviva 1.15 UNITED Intertek Group 0.65 UNITED Segro 0.95 UNITED KINGDOM KINGDOM KINGDOM Barclays 2.1 UNITED Legal & General Group 1.1 UNITED Smith & Nephew 0.99 UNITED KINGDOM KINGDOM KINGDOM BHP Group Plc 3.2 UNITED Lloyds Banking Group 2.39 UNITED Smurfit Kappa Group 0.74 UNITED KINGDOM KINGDOM KINGDOM BT Group 1.23 UNITED London Stock Exchange Group 2.09 UNITED Spirax-Sarco Engineering 0.72 UNITED KINGDOM KINGDOM KINGDOM Burberry Group 0.6 UNITED Mondi 0.67 UNITED SSE 1.13 UNITED KINGDOM KINGDOM KINGDOM Coca-Cola HBC AG 0.37 UNITED National Grid 2.37 UNITED Standard Chartered 0.85 UNITED KINGDOM KINGDOM KINGDOM Compass Group 1.96 UNITED Natwest Group 0.77 UNITED Tesco 1.23 UNITED KINGDOM KINGDOM KINGDOM CRH 2.08 UNITED Next 0.72 UNITED Unilever 7.99 UNITED KINGDOM KINGDOM
    [Show full text]
  • Marketplace Sponsorship Opportunities Information Pack 2017
    MarketPlace Sponsorship Opportunities Information Pack 2017 www.airmic.com/marketplace £ Sponsorship 950 plus VAT Annual Conference Website * 1 complimentary delegate pass for Monday www.airmic.com/marketplace only (worth £695)* A designated web page on the MarketPlace Advanced notification of the exhibition floor plan section of the website which will include your logo, contact details and opportunity to upload 20% discount off delegate places any PDF service information documents Advanced notification to book on-site meeting rooms Airmic Dinner Logo on conference banner Advanced notification to buy tickets for the Annual Dinner, 12th December 2017 Logo in conference brochure Access to pre-dinner hospitality tables Opportunity to receive venue branding opportunities Additional Opportunities * This discount is only valid for someone who have never attended an Airmic Conference Airmic can post updates/events for you on before Linked in/Twitter ERM Forum Opportunity to submit articles on technical subjects in Airmic News (subject to editor’s discretion) Opportunity to purchase a table stand at the ERM Forum Opportunity to promote MP content online via @ Airmic Twitter or the Airmic Linked In Group About Airmic Membership Airmic has a membership of about 1200 from about 480 companies. It represents the Insurance buyers for about 70% of the FTSE 100, as well as a very substantial representation in the mid-250 and other smaller companies. Membership continues to grow, and retention remains at 90%. Airmic members’ controls about £5 billion of annual insurance premium spend. A further £2 billion of premium spend is allocated to captive insurance companies within member organisations. Additionally, members are responsible for the payment of insurance claims from their business finances to the value of at least £2 billion per year.
    [Show full text]
  • Constituents & Weights
    2 FTSE Russell Publications 19 August 2021 FTSE 100 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Group 0.59 UNITED GlaxoSmithKline 3.7 UNITED RELX 1.88 UNITED KINGDOM KINGDOM KINGDOM Admiral Group 0.35 UNITED Glencore 1.97 UNITED Rentokil Initial 0.49 UNITED KINGDOM KINGDOM KINGDOM Anglo American 1.86 UNITED Halma 0.54 UNITED Rightmove 0.29 UNITED KINGDOM KINGDOM KINGDOM Antofagasta 0.26 UNITED Hargreaves Lansdown 0.32 UNITED Rio Tinto 3.41 UNITED KINGDOM KINGDOM KINGDOM Ashtead Group 1.26 UNITED Hikma Pharmaceuticals 0.22 UNITED Rolls-Royce Holdings 0.39 UNITED KINGDOM KINGDOM KINGDOM Associated British Foods 0.41 UNITED HSBC Hldgs 4.5 UNITED Royal Dutch Shell A 3.13 UNITED KINGDOM KINGDOM KINGDOM AstraZeneca 6.02 UNITED Imperial Brands 0.77 UNITED Royal Dutch Shell B 2.74 UNITED KINGDOM KINGDOM KINGDOM Auto Trader Group 0.32 UNITED Informa 0.4 UNITED Royal Mail 0.28 UNITED KINGDOM KINGDOM KINGDOM Avast 0.14 UNITED InterContinental Hotels Group 0.46 UNITED Sage Group 0.39 UNITED KINGDOM KINGDOM KINGDOM Aveva Group 0.23 UNITED Intermediate Capital Group 0.31 UNITED Sainsbury (J) 0.24 UNITED KINGDOM KINGDOM KINGDOM Aviva 0.84 UNITED International Consolidated Airlines 0.34 UNITED Schroders 0.21 UNITED KINGDOM Group KINGDOM KINGDOM B&M European Value Retail 0.27 UNITED Intertek Group 0.47 UNITED Scottish Mortgage Inv Tst 1 UNITED KINGDOM KINGDOM KINGDOM BAE Systems 0.89 UNITED ITV 0.25 UNITED Segro 0.69 UNITED KINGDOM
    [Show full text]
  • F&C Investment Trust PLC Portfolio Ranked by Value
    F&C Investment Trust PLC Portfolio Ranked by Value for: 31/08/21 Security Name Holding Market Value PE INVESTMENT HOLDINGS 2018 LP 1 172,311,567 AMAZON.COM INC 51,377 129,566,324 MICROSOFT CORP 574,005 125,907,785 ALPHABET INC CL C 53,817 113,769,405 FACEBOOK INC CLASS A 335,414 92,441,417 APPLE INC 741,299 81,781,218 INFLEXION STRATEGIC PARTNERS 1 1 66,169,212 UNITEDHEALTH GROUP INC 181,378 54,845,004 TAIWAN SEMICONDUCTOR MANUFAC 3,200,000 51,430,606 INTL FLAVORS + FRAGRANCES 416,958 45,893,394 Total Top 10 934,115,931 GOLDMAN SACHS GROUP INC 147,805 44,398,947 PAYPAL HOLDINGS INC 204,338 42,858,633 COMCAST CORP CLASS A 895,989 39,504,886 BROADCOM INC 107,344 38,781,886 MASTERCARD INC A 151,955 38,222,539 DOLLAR GENERAL CORP 227,321 36,822,277 KEYENCE CORP 83,000 36,242,369 SCHNEIDER ELECTRIC SE 276,108 35,827,000 HOYA CORP 295,500 34,740,020 SCHIEHALLION FUND LTD/THE 38,011,269 33,695,722 Total Top 20 1,315,210,211 ASML HOLDING NV 55,350 33,446,337 ANTHEM INC 122,525 33,397,124 KERRY GROUP PLC A 313,436 33,349,981 VISA INC CLASS A SHARES 199,144 33,147,972 RAYTHEON TECHNOLOGIES CORP 521,725 32,124,226 CVS HEALTH CORP 510,778 32,055,139 MGM GROWTH PROPERTIES LLC A 1,046,687 31,524,190 NOVO NORDISK A/S B 428,752 31,114,815 LOWE S COS INC 210,032 31,097,701 WELLS FARGO + CO 933,228 30,975,364 Total Top 30 1,637,443,061 STANLEY BLACK + DECKER INC 211,576 29,705,955 PANTHEON ACCESS SICAV 1 29,063,743 PRUDENTIAL PLC 1,897,220 28,733,397 HESS CORP 573,542 28,646,879 SERVICENOW INC 61,195 28,604,793 MERCK + CO.
    [Show full text]
  • Smurfit Kappa Annual Report 2014
    Annual Report 2014 OPEN OPPORTUNITIES From the production line through to the consumer, packaging can make a difference: through new ideas it has the potential to shape the way you do business. The images in this report are from video case studies on our company microsite. For more information visit openthefuture.info OPEN POTENTIAL The Smurfit Kappa Group strives to be a customer-orientated, market-led company where the satisfaction of customers, the personal development of employees, and respect for local communities and the environment are seen as being inseparable from the aim of creating value for the shareholders. CONTENTS 2 Group Profile 62 Statement of Directors’ 3 2014 Financial Responsibilities Performance Overview 63 Independent Auditors’ Report 4 Group Operations 68 Consolidated Income Statement 6 Chairman’s Statement 69 Consolidated Statement of 10 Chief Executive’s Review Comprehensive Income 12 Business Model 70 Consolidated Balance Sheet 13 Strategy 71 Company Balance Sheet 16 Operations Review 72 Consolidated Statement of Changes in Equity 22 Finance Review 73 Company Statement of 32 Sustainability Changes in Equity 34 Board of Directors 74 Consolidated Statement 38 Corporate Governance of Cash Flows Statement 75 Company Statement 43 Directors’ Report of Cash Flows 45 Audit Committee Report 76 Notes to the Consolidated 48 Remuneration Report Financial Statements 61 Nomination Committee Report 131 Shareholder Information Group Profile Group Profile Smurfit Kappa Group plc (‘SKG plc’ or ‘the Given the high degree of integration Company’) and its subsidiaries (together between the mills and its conversion plants, 42,000 ‘SKG’ or ‘the Group’) is one of the world’s particularly in terms of containerboard, the people employed worldwide largest integrated manufacturers of Group’s end customers are primarily in the paper-based packaging products, with corrugated packaging market, which uses operations in Europe, Latin America, the the packaging for product protection and We operate in United States and Canada.
    [Show full text]