DOCSLIB.ORG

We Create Thriving Farming

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
We Create Thriving Farming We create thriving farming Lantmännen Annual Report including2015 Sustainability Report Lantmännen 2015 Contents About Lantmännen Lantmännen 2015 2 page 2 Lantmännen’s structure and business 4 2015 has been a very good year for Lantmännen and our Lantmännen’s annual overview 6 operations. The results show a significant improvement The year’s events in brief 2015 8 compared with the previous year, with all Sectors increasing Chairman’s comments 10 their operating income. President’s overview 12 Our responsibility builds trust 14 Farmer-owned and governed 15 Owner value for over 100 years 16 Targets and target monitoring 18 Market and external trends 20 page 15 Strategy 2020 – Our long-term Group strategy 22 Our assignment is to contrib- Our responsibility from field to fork 24 ute to the profitability of the Sustainable business development that gives owners’ farms and optimize profitable added values 26 the return on their capital Product quality from field to fork 28 in the association. As busi- Dialogue for sustainable development 29 ness partners and owners Our employees 30 of Lantmännen, they share Our Sectors and businesses the Group’s profit through dividends. Agriculture Sector 32 Machinery Sector 37 Energy Sector 43 Food Sector 47 Acquisition of Vaasan 49 Lantmännen Real Estate 56 Lantmännen’s international ownership 58 page 24 Annual Report Throughout the chain from field to fork, Table of contents 60 we work to take responsibility for the impacts of the operations on people and Corporate Governance Report the environment, and to continue the Table of contents 131 development of sustainable business. Board of Directors and auditors 138 One example is our new wheat flour, Group Management 140 produced according to the Climate & Nature cultivation concept which gives Financial overview, GRI and facts a 20 percent lower carbon footprint. Table of contents 141 About the Sustainability Report, Global Compact and Global Reporting Initiative 142 page Sustainability facts 144 49 Risk facts 146 The acquisition of Vaasan on June 1 is Financial overview 150 the largest transaction Lantmännen has Key figures 151 conducted. With Vaasan, Lantmännen’s How to read the income statement 152 bake-off offering and rye knowledge How to read the statement of financial position 153 are strengthened. The fresh bread area How to read the statement of cash flows 154 is strengthened with new products, and Glossary and definitions 155 there is a brand new customer offering Addresses 156 in the form of crispbread. b Lantmännen’s Annual Report 2015 Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Owned by 27,000 Swedish farmers, we have 10,000 employees, operations in over 20 countries and an annual turnover of SEK 37 billion. With grain as our basis, we process arable land resources to make farming thrive. Some of our best-known food brands are AXA, Kungsörnen, GoGreen, Schulstad, Gooh, Finn Crisp and Bonjour. Our company is founded on knowledge and values built up through generations of owners. Having research, development and operations throughout the value chain means that we can take responsibility together – from field to fork. Lantmännen’s Annual Report 2015 1 Lantmännen 2015 Net sales for the Group amounted to MSEK 35,660 (32,666), Total cash flow including financing activities was MSEK an increase of 9 percent. Adjusted for acquired and divested –1,775 (778). operations, net sales were 6 percent higher, with currency ef- Dividend The Board has decided to increase the refund and fects having an impact of 1 percentage point. final price adjustment on trade with Lantmännen Lantbruk Operating income was MSEK 1,351 (1,453) and adjusted for Sweden by 0.5 percent to 2.0 (1.5) percent. The Board has items affecting comparability MSEK 1,351 (851). also decided to pay a refund of 0.5 (0.5) percent on pur- chases from the Machinery Sector’s Swedish operations. Income after financial items totaled MSEK 1,246 (1,342) and The total refund and final price adjustment is estimated at adjusted for items affecting comparability MSEK 1,246 (740). MSEK 189 (135). The Board proposes that the AGM adopt Net income after tax was MSEK 1,090 (1,225). a contribution dividend of 9 (9) percent, totaling MSEK 193 (178), and a contribution issue of MSEK 50 (150). In total, Cash flowfrom operating activities for the year was MSEK the proposed contribution dividend and contribution issue 2,167 (1,767). Net investments for the year had an effect of amount to 11 (17) percent of the association’s contributed MSEK –4,841 (310) on cash flow. Investments in non-current capital. The total dividend to the owners is therefore ex- assets totaled MSEK 1,256 (1,087). The acquisition of the pected to be MSEK 432 (463). The Board also proposes that Vaasan bakery group has had a significant effect on cash the AGM adopt a 6.5 (9) percent dividend on subordinated flow. The acquisition was mainly financed with own funds. debentures, totaling MSEK 16 (5). Net sales Operating margin MSEK % 50,000 5.0 IFRS IFRS 40,000 4.0 30,000 3.0 20,000 2.0 10,000 1.0 0 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Operating margin Operating margin excl. items affecting comparability Operating income Income after financial items MSEK MSEK 1,500 1,500 IFRS IFRS 1,200 1,200 900 900 600 600 300 300 Primär grön Kickfärg 0 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Operating income Income after financial items Operating income excl. items affecting comparability PMS Process Cyan Income after financial items excl. items affecting comparability 100/0/0/0 PMS 369 Komplementfärger 60/0/100/7 RGB 136/171/50 HEX 88AB32 Transition to IFRS: Lantmännen began reporting under IFRS (International Financial Reporting Standards) in 2010. Comparative figures for the years 2006- NCS S 1080-G30Y 0/0/45/0 0/20/100/0 0/60/100/02008 have not been restated under IFRS rules. A more detailed description of the effects of the transition to IFRS on the 2009 income statement and balance Sekundär grön palett sheet can be found in Lantmännen’s 2010 Annual Report. Lantmännen’s annual reports can be downloaded from lantmannen.se/arsredovisning 35/0/0/0 65/0/0/0 100/0/0/0 Primär grön Kickfärg 0/6/6/12 0/18/30/28 0/50/60/56 PMS 382 PMS 376 PMS 370 Lantmännen’s Annual Report 2015 29/0/100/0 50/0/100/0 56/0/100/27 2 RGB 204/210/33 RGB 162/189/48 RGB 119/147/44 PMS Process Cyan HEX CCD221 HEX A2BD30 HEX 77932C 12/22/0/0425/45/0/0 5/75/0/0 100/0/0/0 PMS 369 Komplementfärger Grå stödfärgskala 60/0/100/7 RGB 136/171/50 0/0/45/00/20/100/0/60/100/0 0 Cool grey HEXSekundär 88AB32 grön palett CMYK 10% - 90% svart NCS S 1080-G30Y Primär grön Kickfärg 35/0/0/065/0/0/0100/0/0/0 0/6/6/120/18/30/20/50/60/58 6 PMS 382 PMS 376 PMS 370 PMS Process Cyan 29/0/100/0 100/0/0/50/0/100/00 56/0/100/27 12/22/0/25/45/0/0405/75/0/0 PMS 369 RGB 204/210/3KomplementfärgeRGB3 162/189/4r RGB8 119/147/44 60/0/100/7 RGB 136/171/50 HEXGrå stödfärgskal CCD221 HEXa A2BD30 HEX 77932C HEX 88AB32 NCS S 1080-G30Y 0/0/45/0 0/20/100/0 0/60/100/0 Sekundär grön palett Cool grey CMYK 10% - 90% svart 35/0/0/0 65/0/0/0 100/0/0/0 Primär grön Kickfärg 0/6/6/12 0/18/30/28 0/50/60/56 PMS 382 PMS 376 PMS 370 29/0/100/0 50/0/100/0 56/0/100/27 RGB 204/210/33 RGB 162/189/48 RGB 119/147/44 HEX CCD221 HEX A2BD30 HEX 77932C 12/22/0/0425/45/0/0 5/75/0/0 PMS Process Cyan Grå stödfärgskala 100/0/0/0 PMS 369 Komplementfärger 60/0/100/7 RGB 136/171/50 HEX 88AB32 Cool grey NCS S 1080-G30Y CMYK 10% - 90% svart 0/0/45/0 0/20/100/0 0/60/100/0 Sekundär grön palett 35/0/0/0 65/0/0/0 100/0/0/0 0/6/6/12 0/18/30/28 0/50/60/56 PMS 382 PMS 376 PMS 370 29/0/100/0 50/0/100/0 56/0/100/27 RGB 204/210/33 RGB 162/189/48 RGB 119/147/44 HEX CCD221 HEX A2BD30 HEX 77932C 12/22/0/0425/45/0/0 5/75/0/0 Grå stödfärgskala Cool grey CMYK 10% - 90% svart Largest harvest in 25 years – during a period of 30 days, Lantmännen’s facilities received over 1.4 million tonnes of grain. Key figures 2015 2014 ” Net sales, MSEK 35,660 32,666 Operating income, MSEK 1,351 1,453 Operating margin, % 3.8 4.4 Income after financial items, MSEK 1,246 1,342 Net income for the year, MSEK 1,090 1,225 Cash flow before financing activities, MSEK –2,674 2,077 Return on equity, % 8.9 10.6 Return on operating capital, % 7. 5 9.1 Total assets, MSEK 30,081 27,131 Equity ratio, % 42.2 43.8 Investments in non-current assets, MSEK 1,256 1,087 Net debt, MSEK 6,476 3,674 Interest cover ratio, times 6.9 6.9 Number of members 27,032 28,617 Average number of employees 8,911 8,311 of which women, % 27 28 Total CO2 emissions, thousand tonnes 239 216 CO2 emissions, tonnes per MSEK value added 31.6 30.1 CO2 emissions, tonnes per MSEK net sales 6.7 6.6 Total sick leave, % 4.4 3.8 Key figures excl.
Load more

Recommended publications
  • Investor Handbook April 2012 Investor Handbook April 2012
    Investor Handbook April 2012 Investor Handbook April 2012 Disclaimer This Investor’s Handbook is issued by the management of Kardex AG. It is being made available to current Kardex AG shareholders as well as persons who are evaluating the possibility to enter into a shareholder relationship with Kardex AG and thus making their own opinions on the transaction, for which they ultimately hold full responsibility. This document is for information purposes only and does not constitute or form part of, and should not be construed as an offer or invitation to subscribe or purchase any securities of Kardex AG in the Switzerland or in any other jurisdiction. It should, therefore, not form the basis of any investment decision for shares of Kardex AG. This document contains forward-looking statements. These statements are based on information currently available to our management as well as on management‘s current assumptions and forecasts. Various known and unknown risks, uncertainties and other factors could lead to material differences between our actual and future results, financial situation, development or performance and the estimates given in this document. Kardex AG does not assume any liability to update forward-looking statements or other information in this document or to confirm such forward-looking statements or other information to future events or developments. This document does not purport to be inclusive or to contain all the information, which a prospective investor would require. Neither Kardex AG nor any of their officers, directors, employees or agents may guarantee the accuracy or completeness of this Handbook or any part thereof, and each therefore rejects liability concerning such information.
    [Show full text]
  • Annual Report 2011 Norske Skog
    ANNUAL REPORT 2011 NORSKE SKOG NORWEGIAN PAPER TRADITION 2 SUMMARY AND PRESENTATION KEY FIGURES DEFINITIONS 2011 2010 2009 2008 2007 2006 INCOME STATEMENT Operating revenue 18 904 18 986 20 362 26 468 27 118 28 812 Gross operating earnings 1 1 515 1 413 2 185 2 723 3 932 4 704 Operating earnings -2 701 -2 379 -1 325 -1 407 677 -2 527 Net profit/loss for the year -2 545 -2 469 -1 400 -2 765 -683 -3 017 Earnings per share (NOK) -13.36 -12.97 -6.36 -14.33 -3.26 -14.84 CASH FLOW Net cash flow from operating activities 455 397 1 697 1 977 2 166 2 763 Net cash flow from investing activities 470 415 -587 2 289 -1 644 -498 Cash flow per share (NOK) 2.40 2.09 8.95 10.43 11.43 14.60 OPERATING MARGIN AND PROFITABILITY (%) Gross operating margin 2 8,0 7.4 10.7 10.3 14.5 16.3 Return on capital employed 3 -0,9 -3.1 -1.2 0.3 3.0 3.6 Return on equity 4 -28.9 -22.2 -10.9 -18.7 -4.0 -14.6 Return on assets 5 -8.7 -7.5 -3.1 -2.8 1.8 -4.7 PRODUCTION / DELIVERIES / CAPACITY UTILISATION Production (1 000 tonnes) 3 832 3 998 3 895 5 377 6 049 6 078 Deliveries (1 000 tonnes) 3 857 4 013 3 894 5 412 6 027 6 106 Production / capacity (%) 87 89 79 93 95 92 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 BALANCE SHEET Non-current assets 15 803 19 271 23 546 26 980 29 307 37 577 Current assets 6 171 10 027 9 609 18 211 13 953 7 653 Total assets 21 974 29 297 33 155 45 191 43 260 45 230 Equity 7 433 10 183 12 015 13 632 15 957 18 550 Net interest-bearing debt 6 7 863 8 889 9 595 14 047 16 408 17 320 Gearing (net interest-bearing debt / equity) 7 1.06 0.87 0.80 1.05 1.05 0.96 OPERATING REVENUE GROSS OPERATING EARNINGS NET INTEREST-BEARING DEBT MNOK MNOK MNOK 30 000 5 000 18 000 4 500 16 000 25 000 17 320 28 812 4 000 4 704 14 000 16 408 27 118 26 468 20 000 3 500 12 000 3 932 14 047 3 000 10 000 20 362 15 000 18 986 18 904 2 000 8 000 2 723 9 595 10 000 1 500 6 000 8 889 7 863 2 185 1 000 4 000 5 000 1 515 500 1 413 2 000 0 0 0 20062007 2008 2009 2010 2011 20062007 2008 2009 2010 2011 20062007 2008 2009 2010 2011 DEFINITIONS KEY FIGURES 1.
    [Show full text]
  • Proposal for Board of Directors Scandi Standard AB, (2016) Corporate Identity Number 556921-0627
    Proposal for Board of Directors Scandi Standard AB, (2016) Corporate Identity Number 556921-0627 Per Harkjaer Chairman and Member of the Remuneration Committee Elected 2014 Born 1957. Education: Bachelor of Arts, International Marketing, Copenhagen Business School, (Denmark). Chairman of the Board: Make-A-Wish Foundation. Board member: Partner in Pet Foods. Holdings in Scandi Standard: 68,496 shares. Principal work experience: Group CEO, United Coffee, Findus Group and Toms Gruppen A/S. Ulf Gundemark Board member and Member of the Audit and Remuneration Committees. Elected 2013 Born 1951. Education: Master of Science (Electrical Engineering), Chalmers University of Technology (Sweden). Chairman of the Board: Ripasso Energy AB and Nordic Waterproofing Group. Board member: AQ Group AB, Constructor Group AS, Lantmännen, Papyrus Holding AB, Solar AS and Gumaco AB (also owner). Holdings in Scandi Standard: 31,779 shares. Principal work experience: CEO of Elektroskandia/Hagemeyer Nordics, General Manager, IBM, various positions at ASEA/ABB. Chairman in Lindab International, Bridge to China AB and Lönne International AS. Samir Kamal Born 1965. Education: Bachelor of Science (Electrical and Electronic Engineer) Imperial College, University of London (UK). Master of Science (Business and Economics), Stockholm School of Economics (Sweden). Board member: Granngården AB (since 2008), TitanX Engine Cooling AB (since 2012) including Stiftelsen Industrifonden, Save-By-Solar Sweden AB and NCC Housing (since 2015). Holding in Scandi Standard: None. Principal work experience: Dagens Industri and Finanstidningen, journalist. SEB - Enskilda Securities and Enskilda Strategy, analyst. D. Carnegie AB - Investment Banking and Corporate Finance, analyst and project manager. Industri Kapital (IK), partner and head of Swedish Investment Team.
    [Show full text]
  • Annual Report 2015 Contents
    Annual Report 2015 Contents Scandi Standard in brief 1 Vision 2 Superior environmental efficiency 5 CEO statement 6 Strategy 9 Market overview 17 Trends and drivers 18 Our value chain 20 Financial targets 23 Sustainability 25 The Scandi Standard share 30 Report by the Board of Directors 34 Consolidated financial statements 42 Parent Company financial statements 45 Notes to the consolidated financial statements 47 Notes to the Parent Company financial statements 74 Auditor’s report 77 Segment information by quarter 78 Definitions 79 Corporate governance report 80 Auditor’s report on the corporate governance statement 87 Board of Directors 88 Group Management 90 Annual General Meeting 92 Scandi Standard in brief Scandi Standard is the leading supplier of chicken-based and Den Stolte Hane in Norway, as well as for private food products in the Nordic region. We offer a broad label. Our customers are found in the retail, food service NET SALES BY PRODUCT CATEGORY range of chilled and frozen products under well-known and food industry sectors. Our products are exported to brands such as Kronfågel in Sweden, Danpo in Denmark more than 40 countries. SWEDEN DENMARK NORWAY FINLAND GROUP TOTAL 1) NET SALES, MSEK 2,231 2,284 1,178 44 5,423 45% FROZEN PRODUCTS 43% CHILLED PRODUCTS SHARE OF NET SALES, % 39 39 6% EGG 21 ₁ 6% OTHER ADJUSTED OPERATING 2) INCOME, MSEK 160 144 60 −24 292 NET SALES BY SALES CHANNEL MARKET POSITION Niche ₁ ₁ 3 position ₁ MAJOR BRAND 1) After elimination of internal sales. 2) Adjusted for non-comparable items of MSEK −32.0 58% RETAIL and before corporate expenses and amortisation.
    [Show full text]
  • The Nomination Committee's Proposal to the Annual General Meeting
    To the Board of Directors of Scandi Standard AB (publ) The Nomination Committee’s proposal to the Annual General Meeting 2017, including explanations The Nomination Committee of Scandi Standard hereby presents its proposals and information regarding the Board of Directors. 1. Description of the Nomination Committee’s work ahead of the Annual General Meeting 2017 The composition of the Nomination Committee was made public by Scandi Standard AB (publ) (”Scandi Standard”) on 13 September, 2016. The Nomination Committee consists of the following members: • Per Harkjaer (Chairman of Scandi Standard’s Board of Directors) • Hans Hedström (Carnegie Fonder), Chairman of the Nomination Committee • Gustav Lindner (Investment AB Öresund) • Knut Pousette (Kvalitena AB) • Ulf Zenk (Lantmännen Kycklinginvest AB) The Nomination Committee started its work by reviewing the tasks incumbent on it under the Swedish Corporate Governance Code and the Instruction for the Nomination Committee adopted at the Annual General Meeting 2016. A time plan was set for the Nomination Committee’s work going forward and the Chairman of the Board of Directors presented his views on the company’s position and strategy. The Committee reviewed the results of the external evaluation of the Board work and procedures, including the performance of the Chairman of the Board and the CEO. On this basis, the Nomination Committee has assessed what competence and experience is required of Scandi Standard’s Board members and evaluated the need for increased diversity on the board in terms of age, gender, cultural/geographic background and ownership representation and has talked with candidates for nomination as Board members. The Nomination Committee also had contacts with the Chairman of the Audit Committee to familiarize itself with the assessments made by the company and the Audit Committee of the quality and efficiency of external auditor work.
    [Show full text]
  • FBM-02-01-2008.Pdf
    FORUM BIBLIOTEK MEDYCZNYCH – Medical Library Forum: półrocznik / red. nacz. Ryszard Żmuda. Łódź: Uniw. Med., 2008 (Łódź: Druk. i Introlig. „Oprawa”). – 2008 R. 1 nr 2 s. 534, il., portr., tab., wykr., bibliogr., Sum., 24 cm, 300 egz., 25 zł. Rada Programowa: prof. dr hab. Leszek Bablok (Warszawa), prof. dr hab. Michał Karasek – przewodniczący (Łódź), prof. dr hab. Maria Mazurkiewicz (Lublin) Członkowie Redakcji : mgr Renata Birska (Lublin), mgr Dagmara Budek (Szczecin), mgr Danuta Dąbrowska-Charytoniuk (Białystok), dr Jerzy Dyrda (Katowice), mgr inż. Anna Grygorowicz (Gdańsk), dr Krzysztof Nierzwicki (Bydgoszcz), mgr Aniela Piotrowicz (Poznań), mgr Renata Seweryniak (Warszawa) – sekretarz Redakcji, mgr Renata Sławińska (Wrocław), mgr Irmina Utrata (Warszawa), mgr Anna Uryga (Kraków), dr Ryszard Żmuda (Łódź) – redaktor naczelny Recenzent: prof. dr hab. Hanna Ta d e u s i e w i c z Projekt okładki: lic. Agnieszka Gwoździńska Skład komputerowy: mgr Monika Opioła Wersja on-line: Piotr K o ł o d z i e j s k i Korekta: mgr Barbara M i k u l s k a ISSN 1899-5829 Wydawca: Uniwersytet Medyczny w Łodzi 90–419 Łódź, al. Kościuszki 4 Dział Wydawnictw i Poligrafii Uniwersytetu Medycznego w Łodzi 90–153 Łódź, ul. Kopcińskiego 22 tel. 042 678 70 25, e-mail: [email protected] Druk: Drukarnia i Introligatornia OPRAWA Sp. z o.o 90–019 Łódź, ul. Dowborczyków 17, tel. 607270411, e-mail: [email protected] Adres Redakcji: Biblioteka Główna Uniwersytetu Medycznego w Łodzi 90-151 Łódź, ul. Muszyńskiego 2, tel. 042 677 92 62, fax 042 679 06 56 e-mail : [email protected]; http://www.bg.umed.lodz.pl SPIS TREŚCI Forum Bibliotek Medycznych Małgorzata Sznitowska: Przedmowa Prorektora ds.
    [Show full text]
  • Annual Report 2010 Norske Skog Norwegian Paper Tradition 2 Summary and Presentation – Norske Skog
    annual report 2010 norske skog norwegian paper tradition 2 Summary and preSentation – norske skog KEY FIGURES DEFINITIONS 2010 2009 2008 2007 2006 2005 INCOME STATEMENT operating revenue 18 986 20 362 26 468 27 118 28 812 25 726 gross operating earnings 1 1 413 2 185 2 723 3 932 4 704 3 957 operating earnings -2 379 -1 325 -1 407 677 -2 527 630 net profit/loss for the year -2 469 -1 400 -2 765 -683 -3 017 -848 earnings per share (nok) -12.97 -6.36 -14.33 -3.26 -14.84 -5.98 CASH FLOW net cash flow from operating activities 397 1 697 1 977 2 166 2 763 3 061 net cash flow from investing activities 415 -587 2 289 -1 644 -498 -6 014 Cash flow per share (nok) 2.09 8.95 10.43 11.43 14.60 21.42 OPERATING MARGIN AND PROFITABILITY ( %) gross operating margin 2 7.4 10.7 10.3 14.5 16.3 15.4 return on capital employed 3 -3.1 -1.2 0.3 3.0 3.6 2.8 return on equity 4 -22.2 -10.9 -18.7 -4.0 -14.6 -4.1 return on assets 5 -7.5 -3.1 -2.8 1.8 -4.7 -0.1 PRODUCTION / DELIVERIES / CAPACITY UTILISATION production (1 000 tonnes) 3 998 3 895 5 377 6 049 6 078 5 503 deliveries (1 000 tonnes) 4 013 3 894 5 412 6 027 6 106 5 437 production / capacity ( %) 89 79 93 95 92 93 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006 31.12.2005 BALANCE SHEET non-current assets 19 271 23 546 26 980 29 307 37 577 43 740 Current assets 10 027 9 609 18 211 13 953 7 653 8 293 total assets 29 297 33 155 45 191 43 260 45 230 52 033 equity 10 183 12 015 13 632 15 957 18 550 22 679 net interest-bearing debt 6 8 889 9 595 14 047 16 408 17 320 19 063 gearing 7 0.87 0.80 1.05 1.05 0.96 0.84 OPERATING REVENUE GROSS OPERATING EARNINGS NET INTEREST-BEARING DEBT MNOK MNOK MNOK AS OF 31 DECEMBER 30 000 5 000 20 000 25 000 4 000 16 000 20 000 3 000 12 000 15 000 2 000 8 000 10 000 5 000 1 000 4 000 0 0 0 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 DEFINITIONS KEY FIGURES 1.
    [Show full text]
  • Norske Skog Annual Report 2013
    SUMMARY AND PRESENTATION ANNUAL REPORT 2013 We believe in the company, the products and the future ANNUAL REPORT 2013 I NORSKE SKOG B CONTENTS 3 SUMMARY AND PRESENTATION 3 Key figures 3 Norske Skog 2013 4-5 CEO’s comments 6 Successful TMP project at Norske skog Saugbrugs 8 Short stories 10-11 Board of Directors 12 Corporate Management 13 15 CORPORATE SOCIAL RESPONSIBILITY 15 Norske Skog and local communities 17 Key figures - employees 2013 18 Paper production 21 Production capacity 21 Evaluation of our environmental performance 21 Investment in coated paper will open new markets in Australia 22-23 Sustainable raw materials 24 Energy consumption 26 Norske Skog’s greenhouse gas emissions 27 Our carbon footprint 28 Continuously improving our production processes 29 Water consumption 31 Water profile 31 Emissions to air and discharge to water 32 Environment-related investments, operating costs and transport 33 Mill figures 34 Independent auditor’s report 36 Environment and corporate social responsibility reporting 36 38 REPORT OF THE BOARD OF DIRECTORS 38 Organisation 40 42 CONSOLIDATED FINANCIAL STATEMENTS 42 Notes to the consolidated financial statements 50 96 Financial statements NorsKE SKOGindustrier ASA 96 Notes to the financial statements 102 Independent auditor’s report 116 Declaration from the board of directors and CEO 118 120 CORPORATE GOVERNANCE 120 Shares and share capital 124 126 SUMMARY AND PRESENTATION 126 Key figures related to shares 126 Articles of Association for Norske Skogindustrier ASA 128 Design and layout: Pan2ne Design // Tone Strømberg Print: 07 Aurskog Paper: Norcote Trend 90 g/m2 - Norske Skog Photo and editor: Carsten Dybevig.
    [Show full text]
  • Et Språkpolitisk Perspektiv På Norsk Selskapsrett Særlig Om Regnskapsloven § 3-4 Tredje Ledd
    Et språkpolitisk perspektiv på norsk selskapsrett Særlig om regnskapsloven § 3-4 tredje ledd Kandidat: 233 Innlevering: 10.11.2016 Antall ord: 33 795 Innholdsfortegnelse LISTE OVER TABELLER .................................................................................................. III LISTE OVER FIGURER ..................................................................................................... III SAMMENDRAG .................................................................................................................... IV 1 INTRODUKSJON ......................................................................................................... 1 1.1 Næringslivet som språkpolitisk arena .............................................................................. 1 1.2 Oppgavens problemstilling .............................................................................................. 2 1.3 Oppgavens struktur .......................................................................................................... 4 2 LITTERATUR OG RETTSKILDEBILDE ................................................................ 6 2.1 Språkpolitikk i forskningslitteraturen .............................................................................. 6 2.1.1 Flerspråklighet i Norge – bokmål–nynorsk ........................................................ 6 2.1.2 Flerspråklighet i Norge – norsk–engelsk ............................................................ 9 2.1.3 Hvilken rolle spiller retten? .............................................................................
    [Show full text]
  • Lantmännen Annual Report Including Sustainability Report
    2017 Lantmännen Annual Report including Sustainability Report Lantmännen’s Annual Report 2017 a Contents About Lantmännen Annual Report Annual overview 2 Table of contents 68 Lantmännen in figures 4 Board of Directors’ Report 69 Key figures 5 Financial statements and notes 96 Lantmännen’s structure 6 Auditor’s Report 142 Business overview 8 Description of financial performance measures 145 Significant events 10 Chairman’s comments 12 Corporate Governance Report President’s overview 14 Table of contents 146 Owner dialogue that involves 16 Corporate Governance Report 147 The dividend makes a difference 17 Board of Directors’ report on internal control Lantmännen has a clear mission 19 over financial reporting 153 Market and trends 20 Organization and structure 154 Strategy 2020 22 Our corporate functions 155 Our financial targets 24 Board of Directors and Auditors 156 Our sustainability targets 25 Group Management 158 Our responsibility from field to fork 26 Sustainability for profitable businesses 28 Financial overview and facts Innovation for future demand 30 Table of contents 160 Climate work leading to 2030 31 Risk facts and risk analysis 161 Active dialogue and cooperation 32 The Group’s ten-year overview 165 Our employees 33 How to read the income statement 167 2 – Digital tool for farmers 36 LM How to read the statement of financial position 168 How to read the statement of cash flows 169 Our Sectors and businesses About sustainability reporting 170 Agriculture Sector 38 Statutory sustainability report 170 Machinery Sector 44 Materiality analysis 171 Energy Sector 50 Glossary 172 Food Sector 54 Lantmännen’s new structure 173 Lantmännen Real Estate 62 Addresses 176 Lantmännen’s international ownership 64 Lantmännen’s Annual General Meeting Distribution & Ordering The Annual General Meeting will be held at Hilton Stockholm Lantmännen’s complete Annual Report including Sustainability Slussen, Guldgränd 8, Stockholm, on Monday, May 7, 2018 Report can be downloaded from lantmannen .com/financial- information or ordered by calling +46 10-556 00 00 .
    [Show full text]
  • Annual Report 2016 English April 4, 2017
    NORDIC WATERPROOFING HOLDING A/S, CVR: 33395361 Nordic Waterproofing Group is one of Europe’s leading producers 2016 HOLDING A/S ANNUAL REPORT NORDIC WATERPROOFING and suppliers of waterproofing products and services for buildings and infrastructure. We are known in the market through brands ANNUAL REPORT such as AL-Katot, Hetag Tagmaterialer, Kerabit, KerabitPro, Mataki, Nortett, Phønix Tag Materialer, SealEco and Trebolit. 2016 Our production facilities are located in Denmark, Finland and Sweden. In 2016, the Group had revenues of SEK 1,813 million, with more than 630 employees and operations in nine countries. NORDIC WATERPROOFING HOLDING A/S. COMPANY REG. NO. 33395361 DROTTNINGGATAN 11, SE252 21 HELSINGBORG, SWEDEN PHONE +46 42 36 22 40. WWW.NORDICWATERPROOFING.COM We make waterproofing easy Nordic Waterproofing Holding A/S | ANNUAL REPORT | 2016 Nordic Waterproofing Holding A/S | ANNUAL REPORT | 2016 85 CONTENTS 2016 in brief ...............................................1 Management’s review ........................... 2-9 CEO statement ........................................2 Results and outlook ............................... 4-9 TOP PLAYER NORDIC WATERPROOFING Financial review ......................................4 Seasonal variations .................................8 Five-year overview................................. .9 IN THE NORTHERN ON THE INTERNET, IN YOUR Strategy and business ....................... 10-27 The business and our targets ...............10 Our strategies .......................................12 EUROPEAN
    [Show full text]
  • UN Global Compact COP
    May 2018 UN Global compact COP Statement by the CEO Nordic Waterproofing is one of Europe's leading suppliers of membranes for roofing and environmental buildings and we develop solutions for public and commercial buildings and constructions. I am pleased to confirm that Nordic Waterproofing supports of the United Nations Global Compact in the areas of human rights, labor rights, environment protection and anti-corruption. Our sustainability program is based on the Ten Principles of the United Nations Global Compact. We have identified our prioritized sustainability issues and follow our performance on these issues on a yearly basis. Our Communication on Progress describes our actions to continually anchor and integrate the Global Compact and its principles into our business strategy and daily operations. We are committed to share this information with our customers, employees, suppliers and other stakeholders mainly through our individual company brands. Martin Ellis Nordic Waterproofing Group, CEO NORDIC WATERPROOFING HOLDING A/S, CVR no: 33395361 ANNUAL REPORT 2017 Waterproofing products and services for buildings and infrastructure We make waterproofing easy Nordic Waterproofing Holding A/S | ANNUAL REPORT | 2017 CONTENTS 2017 in brief .......................................................... 1 Statement by the President and CEO Martin Ellis ............................................................ 2 LEADING Business concept, targets and target achievement .......................................................... 4 Strategies
    [Show full text]