DOCSLIB.ORG

Synthos Sa Group

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Synthos Sa Group Dear Investors, This report depicts the achievements and financial performance generated by Synthos S.A. in 2015. Despite the highly demanding market environment and the extraordinarily difficult conditions it faced for nearly half a year on account of the lack of supplies from the cracker plant in Litvinov, Synthos managed to generate financial performance at a level fundamentally no different from previous years. Synthos S.A.’s sales revenues from 1 January to 31 December 2015 were PLN 112 million. Operating profit was PLN 357 million and EBITDA was PLN 368 million. In this reporting period, Synthos S.A. earned a net profit of PLN 341 million. The global petrochemical industry enjoyed robust market conditions in 2015; this did not, however, apply to the synthetic rubber sector. 2015 was another year of record-low natural rubber prices, and this contributed to synthetic rubber prices following in their tracks. This factor adversely affected the margins generated by the Synthos S.A. Group. The demand for EPS from the construction industry was a positive factor affecting the group’s full-year results in 2015 and the high spread on the production of styrene was a positive factor for several months in 2015. Synthos S.A. endeavored to adapt skillfully to changing market conditions and ultimately generated positive business results. In 2015 Synthos S.A. consistently pursued its long-term strategy of strengthening its group’s market position and creating a modern product portfolio attracting a high level of profitability. Launching the SSBR factory in Oświęcim was a key event. During the process of installation start-up, the first test cube of SSBR rubber was produced on 4 August 2015. Since that time, production tests have been performed for a range of rubbers covered by the license and client certification. In the styrene plastics segment 2015 was another year during a persisting trend of enhancing the results generated by the styrene plastics segment. In 2017 Synthos S.A. will finally join the group of producers who have grey EPS with superior thermal insulation properties in their portfolio. Synthos S.A.’s long-term strategy also calls for steadily building the market value of the dispersions and adhesives business. The dispersions and adhesives segment is the third area of business currently being developed. As a result of an acquisition in 2014 the Synthos S.A. Group expanded to include a vinyl dispersions i adhesives production plant in Sochaczew. This acquisition was another step in building its position as a leading supplier of chemical products and a market leader offering high quality solutions in the dispersions and adhesives segment, taken mainly with buyers and end users in mind. In 2015 the Synthos Group optimized its product portfolio and maximized sales considerably, thereby growing its market share in Poland in vinyl dispersions, adhesives for wood and adhesives for the paper industry. In conclusion, I would like to thank our shareholders and Supervisory Board cordially for the support extended to the Management Board and to our commercial partners, employees and associates for their contribution to the success of the Company and the Synthos S.A. Group. Tomasz Kalwat CEO of Synthos S.A. SEPARATE FININCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31 DECEMBER 2015 SYNTHOS S.A. Oświęcim, ul. Chemików 1 Separate financial statements For the 12 months ended 31 December 2015 prepared in accordance with the International Financial Reporting Standards as adopted by the European Union Oświęcim, 7 March 2016 Synthos S.A. Separate financial statements for the 12 months ended 31 December 2015 (in PLN millions unless stated otherwise) MANAGEMENT REPRESENTATIONS 4 STATEMENT OF COMPREHENSIVE INCOME FOR THE 12-MONTHS ENDED 31 DECEMBER 2015 5 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2015 6 STATEMENT OF CHANGES IN EQUITY FOR THE 12 MONTHS ENDED 31 DECEMBER 2015 7 CASH FLOW STATEMENT FOR THE 12-MONTH PERIOD ENDED 31 DECEMBER 2015 8 Note 1. Accounting policies ...................................................................................................................... 11 Note 2. Sales revenue ................................................................................................................................ 23 Note 3. Costs by type ................................................................................................................................ 24 Note 4. Dividends ...................................................................................................................................... 24 Note 5. Employee benefit expense ........................................................................................................... 24 Note 6. Net finance income/costs ............................................................................................................. 24 Note 7. Income tax .................................................................................................................................... 25 Note 8. Property, plant and equipment .................................................................................................. 26 Note 9. Intangible assets ........................................................................................................................... 29 Note 10. Shares in subsidiaries .................................................................................................................. 30 Note 11. Borrowings granted ..................................................................................................................... 31 Note 12. Financial assets ............................................................................................................................ 32 Note 13. Deferred tax ................................................................................................................................. 33 Note 14. Trade and other receivables ....................................................................................................... 34 Note 15. Cash and cash equivalents .......................................................................................................... 34 Note 16. Share capital................................................................................................................................. 34 Note 17. Earnings per share ...................................................................................................................... 35 Note 18. Liabilities in respect of loans, borrowings and other debt instruments .................................. 36 Note 19. Trade and other payables ........................................................................................................... 36 Note 20. Reasons for the differences between the changes in certain items in the statement of financial position and the corresponding changes in the cash flow statement ....................................... 37 2 Synthos S.A. Separate financial statements for the 12 months ended 31 December 2015 (in PLN millions unless stated otherwise) Note 21. Financial instruments .................................................................................................................. 37 Note 22. Operating leases ........................................................................................................................... 43 Note 23. Investment commitments ............................................................................................................ 43 Note 24. Contingent liabilities, guaranties and warranties ..................................................................... 43 Note 25. Events after the date of the statement of financial position ..................................................... 44 Note 26. Significant accounting estimates and judgments ...................................................................... 44 Note 27. Related party transactions .......................................................................................................... 44 Note 28. Approval of the financial statements ......................................................................................... 47 3 Synthos S.A. Separate financial statements for the 12 months ended 31 December 2015 (in PLN millions unless stated otherwise) MANAGEMENT REPRESENTATIONS The Management Board of Synthos S.A. hereby presents the separate financial statements for the 12 months ended 31.12.2015, which comprise: • the statement of comprehensive income for the period from 1.01.2015 to 31.12.2015; • the statement of financial position as at 31.12.2015; • the statement of changes in equity for the period 1.01.-31.12.2015; • the statement of cash flows for the period from 1.01.2015 to 31.12.2015; • the explanatory notes to the financial statements. The annual separate financial statements and the comparatives have been prepared in accordance with the requirements of the International Financial Reporting Standards, as adopted by the European Union, hereinafter called “IFRS EU”, and the Decree of the Minister of Finance dated 19 February 2009 on current and period information to be provided by issuers of securities (Journal of Laws of 2009 No. 33, item 259) and present the Company’s financial and economic position and its results of operation truly, fairly and clearly. The Directors’ Report of Synthos S.A. presents a true view of the Company’s development, achievements and situation, including a description of risks and threats.
Load more

Recommended publications
  • We're Here to Serve You — the Notre Dame
    SPECIAL SECTION SEPTEMBER 2016 AUXILIARY OPERATIONS We’re here to serve you — the Notre Dame way INSIDE: The Morris Inn • What’s new in campus dining • The people behind the operations • Food and drink AO2 | NDWorks | September 2016 AUXILIARY OPERATIONS Auxiliary Operations is a diverse group of seven revenue-generating units that support student life, academic endeavors, and research initiatives while serving as the key contributor to campus hospitality and customer service. The division employs over 2,100 full and part-time, temporary, on-call and contract staff. Led by Associate Vice President, David Harr, Auxiliary Operations includes Campus Dining and University Catering; Notre Dame Concessions and Clubs; Morris Inn and Notre Dame Conference Center at McKenna Hall; Hammes Notre Dame Bookstore and Retail Operations; St. Michael’s Laundry; Notre Dame Licensing; and Cedar Grove Cemetery, Segura Arts Studio and the Campus Card Office. Here to serve you, the Notre Dame way MATT CASHORE MATT David Harr in the Hammes Notre Dame Bookstore. ‘Feedback is a gift’ way. We listened, we heard and In addition, says Harr, the purpose campus ID card,” promote Notre Dame at large. we followed up on feedback by division has joined with the Harr says. “And finally, within our BY COLLEEN O’CONNOR, collaborating with many campus Office of Facilities Design and “In partnership with the own division, we are elevating AUXILIARY OPERATIONS departments to Operations and Office of Human Resources, we service through trust and continue ‘moving the various building continue to address recruiting empowerment of our staff. As Auxiliary Operations needle’ in a positive occupants on and training for our staff through Two departments underwent embraces its mantra, manner.” improvements focus groups, forums and ‘Lunch an Organizational Analysis “Feedback is a Gift,” the focus This past year, such as refreshed and Learns.’ For example, and Design (OAD) this year: remains on servanthood.
    [Show full text]
  • Restaurant Information
    RESTAURANT INFORMATION Restaurants in the Lancelot Thompson Location Student Union (SU) Agave North Food Court, Second Floor Chick-fil-A First Floor Croutons North Food Court, Second Floor Magic Wok North Food Court, Second Floor Phoenicia Cuisine Fourth Floor Attic Pizza Hut Express North Food Court, Second Floor Starbucks First Floor Steak ‘n Shake First Floor Subway North Food Court, Second Floor Picture of the Food Court NOTE: In the Lancelot Thompson Student Union, the second floor is at ground level of the Centennial Mall. NOTE: Some of the restaurants in the Student Union might be closed on Friday, October 15, because of Fall Break at the University. We realize that the following list of 217 restaurants, which are in alphabetical order, starting on the next page is excessive. However, we hope that you will find your favorite restaurant or your favorite food. There is Chinese, Greek, Hungarian, Indian, Italian, Japanese, Korean, Lebanese, Mediterranean, Mexican, Thai, and Vietnamese. Many restaurants are less than five minutes from the University and most are less than fifteen minutes from the University. If you click on the link for the Copy Plus Code, it will give you information for the restaurant including picture(s), reviews, menu, and a link for ordering food for some of the restaurants. The Copy Plus Code link will also show a map with the restaurant indicated by a red marker with a dark dot in the middle and The University of Toledo indicated by a gray marker with a mortar board in the center. The marker for the University is below the words OLD ORCHARD and above the words SCOTT PARK on the map.
    [Show full text]
  • Najemców Najemcówcentrów Centrówhandlowych Handlowych
    Zestawienie największych największychnajemców najemcówcentrów centrówhandlowych handlowych W NUMERZE #03 nieruchomości komercyjne oko w oko inwestycje There Is No Alternative... Skala nie gwarantuje Recepta na inwestycje 04 10 sukcesu 14 HOTELE HOTELE BIURA Tradycyjny biznes Widok na dobrą Dobry adres 18 hotelarski się kończy? 22 inwestycję 26 Nie, czeka go rewolucja MAGANY ZY CENTRA HANDLOWE CENTRA HANDLOWE Sztuka odkrywania szans Morze handlu Nie możesz pokonać wroga, 30 i zagrożeń 34 38 zaprzyjaźnij się z nim CENTRA HANDLOWE zestawienie najemców centrów handlowych Krokodyla daj mi luby... Made in Poland w galerii 850 tys. mkw. sklepów 41 45 nad Wisłą 48 w budowie ENGLISH VERSION Scale does There Is No A Good My outlook at Made in Poland not guarantee Alternative... address Poland in Galeria nad 60 success 62 65 67 69 Wisłą Małgorzata Burzec-Lewandowska Robert Posytek c zas wyzwań Poziom inwestycji w polskie nie- dewelopera to realny zysk, dla Gdańsk, który dziś zamienił się ruchomości komercyjne rośnie, zarządcy – wyzwanie warte w handlowy plac budowy. Z dru- a sam rynek mierzy się z nowymi zachodu. Porażki, których też nie giej strony galeriom zagrażają wyzwaniami. Potężne kompleksy brakowało, spowodowały jednak, dyskonty, które osłabiają pozycję i drapacze chmur na stałe wpi- że wśród inwestorów hurraopty- działających w nich hipermar- sały się w krajobraz Warszawy, mizm wciąż nie zapanował. ketów. a jednocześnie pokazały niszę na Wiele dzieje się na rynku cen- Prawdziwa euforia zapanowała rynku biurowców butikowych. To trów handlowych. Do budowy w nieruchomościach logistyczno- pole do popisu dla deweloperów. kolejnych galerii zachęcają plany -magazynowych. E-commerce W sektorze hoteli condo, na polskich sieci, które cieszą się i projekty typu SBU, produkcja którym kilka lat temu rozpo- niesłabnącym zainteresowaniem i inwestycje BTS, a także otwarcie częła się prawdziwa ofensywa, klientów i bez kompleksów rywa- na nowe lokalizacje mogą zaowo- zrealizowano już wiele inwestycji.
    [Show full text]
  • W&C Standard Template
    ANNUAL REPORT 01.01.2014 - 31.12.2014 SYNTHOS GROUP CONSOLIDATED ANNUAL REPORT FOR SYNTHOS GROUP FOR THE PERIOD FROM 1 JANUARY 2014 TO 31 DECEMBER 2014 Table of Content 1. INTRODUCTION ................................................................................................................................................................................. 1 2. RISK FACTORS ..................................................................................................................................................................................... 2 3. BUSINESS DESCRIPTION OF SYNTHOS GROUP ............................................................................................................ 23 4. OPERATIONAL AND FINANCIAL REVIEW .......................................................................................................................... 40 5. MANAGEMENT ................................................................................................................................................................................. 57 6. PRINCIPAL SHAREHOLDERS ..................................................................................................................................................... 63 7. STRUCTURE OF THE CAPITAL GROUP ................................................................................................................................ 64 8. CORPORATE GOVERNANCE ....................................................................................................................................................
    [Show full text]
  • Type Category Description F Food and Beverage
    The original source for data in this spreadsheet is a 2002 study for MassDEP by Draper/Lennon, Inc. titled Identification, Characterization, and Mapping of Food Waste and Food Waste Generators in Massachusetts . The final report from this study is available online at: http://www.mass.gov/dep/about/priorities/foodwast.doc. The data was updated in summer 2011 by the U.S. Environmental Protection Agency Region 1 office. This study identified large generators of food waste in Massachusetts, such as food processors, wholesalers, grocery stores, institutions, and large restaurants. It calculated estimated food waste generation, shown in tons per year (TPY) in column G, and mapped generator locations to facilitate planning of programs and facilities for capturing source separated organic materials for composting or other diversion. Note that waste generation estimates are not available for food and beverage manufacturers/processors and distributors due to the variability in these sectors. In some other cases, generation estimates are not available for other facilities when data needed to estimate generation is missing for that location. Facility Category Codes in column F marked TYPE show generator groupings in the report as follows: Type Category Description Food and Beverage F Manufacturers/Processors W Wholesale Distributors IH Institutions -Healthcare Facilities IS Institutions -Independent Schools IC Institutions -Colleges/Universities IP Institutions -Correctional Facilities C Resorts and Conference Facilities G Supermarkets and Grocery Stores R Restaurants Most of the columns in the spreadsheet are self‐explanatory. Columns H, I J, and K provide GIS mapping coordinates to assist in locating food waste generators. The Massachusetts State Plane coordinates found in the X_Coord and Y_Coord fields (Columns J and K) were derived by address‐ matching via Navteq Postal Villages.
    [Show full text]
  • Business Description of H3
    A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA - School of Business and Economics “INTERNATIONALIZATION PROCESS OF h3 TO THE GERMAN MARKET” Mariana Assis Teixeira Neiva Correia Number 678 A Project carried out on the Management course, under the supervision of: Professor Sónia Dahab Professor Filipe Castro Soeiro Lisbon, January 6th, 2012 Index Executive Summary .......................................................................................................... 3 Business Description of h3 ............................................................................................... 3 Vision, Mission and Objectives ........................................................................................ 6 Purpose of the Work/Methodology .................................................................................. 6 Industry Mapping ............................................................................................................. 7 Value Chain of h3 ............................................................................................................. 8 Sustainability Factors and Competitive Advantages of h3 ............................................. 10 Fast Food in Portugal ...................................................................................................... 10 Porter’s 5 Forces ............................................................................................................. 11 TOWS Analysis .............................................................................................................
    [Show full text]
  • Restaurant Information
    RESTAURANT INFORMATION Restaurants in the Student Union (SU) Location Phoenicia Cuisine (Highly Recommend) Room 3022, Second Floor Croutons Fresh Tossed Salads North Food Court, First Floor Kentucky Fried Chicken Express North Food Court, First Floor Magic Wok North Food Court, First Floor Pizza Hut Express North Food Court, First Floor Rocky’s Pub and Grill Ground Level South Dining First Floor Starbucks Ground Level Subway North Food Court, First Floor Information, Picture of the Food Court Restaurants Near Location Comment Campus Ferdos 3065 W. Bancroft Turn onto College Drive from Gradkowski’s 1440 Secor Road, Suite R Secor Road for Parking The Oasis 3303 Dorr Street Turn onto College Drive from Rice BLVD 1440 Secor Road, Suite N Secor Road for Parking You can order Scrambler Marie’s 3344 Secor Road breakfast or lunch Better Route: Bancroft to The Beirut 4082 Monroe Street University Hills Blvd to Douglas Road You can also take Bancroft to Byblos 1050 S. Reynolds Road Reynolds Road Arnie’s 3332 W. Central Avenue Five Guys Burgers and 3305 W. Central Avenue Fries Better Route: Bancroft to El Camino Real 2500 W. Sylvania Avenue University Hills Blvd to Douglas Road You can order Schmucker’s 2103 N. Reynolds Road breakfast or lunch 5827 Monroe Street Tony Packo’s Cafe 5827 Monroe Street Max Klinger highly The Original Tony Packo’s 1902 Front Street recommends Packo’s The Oliver House 27 Broadway Street Have lunch at The Cafe Located at the Franklin Park Bravo! 5001 Monroe Street Mall Located at the Franklin Park The Elephant Bar 5001 Monroe Street Mall Mancy’s Italian Grill 5453 Monroe Street Shorty’s 5111 Monroe Street Better Route: Bancroft to 953 Phillips Avenue Mancy’s Steakhouse University Hills Blvd to 953 Phillips Avenue Douglas Road for second map The Weak Signals R/C Model 42 S.
    [Show full text]
  • Retail Food 8-2 Based on Business Licenses
    retail Food 8-2 Based on Business Licenses LEGAL NAME DOING BUSINESS AS NAME ADDRESS CITY VERVE WINE CHICAGO, VERVE WINE 2349 N LINCOLN AVE 1 A-1-130 CHICAGO LLC PANDA EXPRESS, INC. Panda Express #3372 723 S SEELEY AVE CHICAGO Dumex LLC Los Mangos 5923 W 63RD ST 1 CHICAGO AQ & RH Burritos Inc El Gran Burrito Express #3 334 N LARAMIE AVE CHICAGO ADAM SEAFOOD, INC. SHRIMP HOUSE 1800 E 79TH ST CHICAGO OVY POP INC. OVY'S KITCHEN 7035 W ADDISON ST CHICAGO 3848 N. HARLEM TAVERN Social Junkie 3848 N HARLEM AVE 1 CHICAGO LLC ILLINOIS-RAVENSWOOD JULIUS-MEINL 1918 W MONTROSE AVE CHICAGO INC. ASSAULT AND BURGERY, Jeff & Judes 1024 N WESTERN AVE 1ST CHICAGO L.L.C. BSQ OpCo LLC Bakers Square #220658 5220 N HARLEM AVE CHICAGO JIMMYS BEST OF 87TH JIMMY'S BEST FISH & CHICKEN 1347 E 87TH ST 1 CHICAGO INC. El Taconazo Express INC El Taconazo Express INC 3129 W ARMITAGE AVE 3 CHICAGO UNITED COUSINS INC. THE CRAB HOUSE 1049 W 103RD ST CHICAGO STONY ISLAND SEAFOOD FISHERMANS ISLAND 6700 S STONY ISLAND AVE F CHICAGO MARKET INC. TINTO & TAPAS, LLC TINTO & TAPAS 7958 W BELMONT AVE 1 CHICAGO Page 1 of 903 10/01/2021 retail Food 8-2 Based on Business Licenses LICENSE TERM START LICENSE DESCRIPTION APPLICATION TYPE DATE Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 11/13/2020 Retail Food Establishment ISSUE 12/14/2017 Retail Food Establishment ISSUE 11/17/2020 Retail
    [Show full text]
  • Retail Food Based on Business Licenses
    Retail Food Based on Business Licenses ACCOUNT NUMBER SITE NUMBER LEGAL NAME DOING BUSINESS AS NAME 464153 1 VERVE WINE CHICAGO, VERVE WINE LLC 298924 27 PANDA EXPRESS, INC. Panda Express #3372 470834 1 Dumex LLC Los Mangos 470759 1 AQ & RH Burritos Inc El Gran Burrito Express #3 331704 2 ADAM SEAFOOD, INC. SHRIMP HOUSE 469594 1 OVY POP INC. OVY'S KITCHEN 420686 1 3848 N. HARLEM TAVERN Social Junkie LLC 455698 1 PK THAI, INC. THAI TOWN CHICAGO 432581 1 SULTAN KITCHEN INC. BOMBAY HOUSE & GRILL 369962 2 ILLINOIS-RAVENSWOOD JULIUS-MEINL INC. 342561 1 ASSAULT AND BURGERY, Jeff & Judes L.L.C. 471258 1 BSQ OpCo LLC Bakers Square #220658 458117 1 JIMMYS BEST OF 87TH JIMMY'S BEST FISH & CHICKEN INC. 471288 1 El Taconazo Express INC El Taconazo Express INC 422034 1 PRIVATE HOLDINGS LLC PARKSIDE CAFE 471384 1 UNITED COUSINS INC. THE CRAB HOUSE Page 1 of 1515 09/24/2021 Retail Food Based on Business Licenses ADDRESS CITY ZIP CODE LICENSE CODE 2349 N LINCOLN AVE 1 A-1-130 CHICAGO 60614 1006 723 S SEELEY AVE CHICAGO 60612 1006 5923 W 63RD ST 1 CHICAGO 60638 1006 334 N LARAMIE AVE CHICAGO 60644 1006 1800 E 79TH ST CHICAGO 60649 1006 7035 W ADDISON ST CHICAGO 60634 1006 3848 N HARLEM AVE 1 CHICAGO 60634 1006 4461 N PULASKI RD CHICAGO 60630 1006 560 W VAN BUREN ST 1ST CHICAGO 60607 1006 1918 W MONTROSE AVE CHICAGO 60613 1006 1024 N WESTERN AVE 1ST CHICAGO 60622 1006 5220 N HARLEM AVE CHICAGO 60656 1006 1347 E 87TH ST 1 CHICAGO 60619 1006 3129 W ARMITAGE AVE 3 CHICAGO 60647 1006 308 W 33RD ST 1ST REAR CHICAGO 60616 1006 1049 W 103RD ST CHICAGO 60643 1006
    [Show full text]
  • Downtown Hotels and Dining
    DOWNTOWN HOTELS AND DINING DOWNTOWN HOTELS 1 2 3 4 W. 5th Ave. E. 5th Ave. A. Moxy Columbus Short North 5 E. 4th Ave. 800 N. High St. 6 W. 4th Ave. 7 8 B. Graduate Columbus 9 11 W. 3rd Ave. 10 12 750 N. High St. E. 3rd Ave. 13 14 15 C. Le Méridien Columbus, The Joseph 16 18 17 620 N. High St. E. 2nd Ave. W. 2nd Ave. 19 Michigan Ave. John Glenn 20 D. Hampton Inn & Suites Columbus Summit St. ColumbusNeil Ave. SHORT NORTH 4th St. Downtown | 501 N. High St. International W. 1st Ave. Airport 21 22 E. Hilton Columbus Downtown Hubbard Ave. A 23 24 2526 401 N. High St. 28 29 27 31 B 32 30 Buttles Ave. F. Hyatt Regency Columbus 33 36 34 35 38 37 41 Ave. Cleveland Park St. Park 39 40 350 N. High St. Goodale 42 Park C 43 44 45 G. Drury Inn & Suites Columbus 46 49 Convention Center 47 48 670 1 D 51 50 88 E. Nationwide Blvd. 2 52 Greater 4 3 5 53 54 Columbus Vine St. 55 56 Convention H. Crowne Plaza Columbus Downtown 6 7 8 9 57 Center 71 Front St. Front 33 E. Nationwide Blvd. EXPRESS ARENA 10 E 315 LIVE! 11 DISTRICT 12 I. Canopy by Hilton Columbus N 6th St. 1 Huntington Nationwide Downtown Short North Park 13 Arena F G Mt. Vernon Ave. Nationwide Blvd. 77 E. Nationwide Blvd. 14 15 16 17 18 H 20 I 22 J 19 Spring St.
    [Show full text]
  • Synthos Finance AB (Publ) E350,000,000 4.000% Senior Notes Due 2021 Guaranteed on a Senior Basis by Synthos S.A
    OFFERING MEMORANDUM 9SEP201411041283 Synthos Finance AB (publ) E350,000,000 4.000% Senior Notes due 2021 guaranteed on a senior basis by Synthos S.A. and certain of its wholly-owned subsidiaries Synthos Finance AB (publ), a public limited liability company incorporated under the laws of Sweden (the ‘‘Issuer’’), is offering (the ‘‘Offering’’) A350,000,000 in aggregate principal amount of its 4.000% Senior Notes due 2021 (the ‘‘Notes’’). The maturity date of the Notes is September 30, 2021. The Issuer will pay interest on the Notes semi-annually in arrears on March 30 and September 30 of each year, commencing on March 30, 2015. The Issuer may redeem the Notes in whole or in part at any time on or after September 30, 2018 at the redemption prices specified in this Offering Memorandum (the ‘‘Offering Memorandum’’). Prior to September 30, 2018, some or all of the Notes may be redeemed at any time at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest and additional amounts, if any, plus the applicable ‘‘make-whole’’ premium as described herein. Prior to September 30, 2018, the Issuer may also redeem up to 35% of the Notes using the proceeds of certain equity offerings at the redemption price specified herein. Additionally, the Issuer may redeem all, but not less than all, of the Notes upon the occurrence of certain changes in applicable tax law. In the event of a change of control triggering event or sale of certain of our assets, the Issuer may be required to make an offer to purchase the Notes.
    [Show full text]
  • Za Rekordem Za Rekordem
    Rynek nieruchomości komercyjnych w Polsce 2 2014 NR 2 2014 E N G L I S H V E R S I O N str. 50 •PROPERTY MAGAZINE • RYNEK NIERUCHOMOŚCI KOMERCYJNYCH W POLSCE REKORD ZA REKORDEM CZYLI ROK WIELKICH TRANSAKCJI Gra o najemców, gra o przetrwanie Call center to za mało Jak polskie miasta walczą o inwestorów? Centra handlowe | Biura| Magazyny | Hotele spis treści TRANSAKCJE REKORD ZA REKORDEM, CZYLI ROK WIELKICH TRANSAKCJI Optymizm deweloperów realizujących kolejne biurowce, centra handlowe, obiekty 25 lat minęło logistyczne i hotele, wynika z wiary, że na polskich nieruchomościach wciąż można dobrze zarobić str. 4 INWESTYCJE JAK POLSKIE MIASTA WALCZĄ O INWESTORÓW? Sukces branży usług dla biznesu w Krakowie czy we Wrocławiu pokazał, że warto się postarać str. 8 MAGAZYNY INWESTORZY, PRZENOŚCIE MAGAZYNY DO POLSKI Czy branża logistyczno-magazynowa w Polsce powtórzy sukces BPO? str. 14 BIURA Nowoczesny rynek nieruchomości komercyj- GRA O NAJEMCÓW, GRA O PRZETRWANIE Na głowy hurraoptymistów powoli zaczyna się wylewać wiadro zimnej wody str. 18 nych nad Wisłą ma już 25 lat. Był to bardzo gorący i pracowity okres, a żeby uzmysłowić BPO CALL CENTER TO ZA MAŁO sobie, jak duży skok dokonał się w tym czasie, W branży BPO pracuje już więcej osób niż w górnictwie str. 22 wystarczy spojrzeć na panoramę Warszawy. HOTELE SZPITAL EUROPY Pałac Kultury i Nauki przestał być samotnym królem stołecz- Polska dołączyła do krajów postrzeganych jako jedna z najciekawszych nych wysokościowców i choć wciąż pozostaje najwyższym budyn- destynacji na turystyczno-medycznej mapie świata str. 26 kiem, to wkrótce może zostać zdetronizowany. Ale nowoczesne biurowce i centra handlowe, luksusowe hotele oraz potężne centra CENTA HANDLOWE logistyczno-magazynowe na dobre wpisały się w krajobraz całej KONIEC ERY EVENTÓW..
    [Show full text]