DOCSLIB.ORG

Smurfit Kappa Annual Report 2017 Overview Strategic Report Governance Financials

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Smurfit Kappa Annual Report 2017 Overview Strategic Report Governance Financials Building business through packaging ANNUAL REPORT 2017 Overview Financials at a Glance 4 Who We Are 6 What We Do 7 Where We Are 8 Products 12 Innovation 14 Strategic Report Chairman’s Statement 20 Chief Executive’s Review 24 Operations Review 28 Business Model 32 Strategy 34 Risk Report 36 Finance Review 44 Sustainability 54 People 60 Governance Board of Directors 68 Corporate Governance Statement 72 Directors’ Report 78 Audit Committee Report 80 Remuneration Report 84 Nomination Committee Report 101 Financial Statements Statement of Directors’ Responsibilities 104 Independent Auditors’ Report 105 Consolidated Income Statement 112 Consolidated Statement of Comprehensive Income 113 Consolidated Balance Sheet 114 Company Balance Sheet 115 Consolidated Statement of Changes in Equity 116 Company Statement of Changes in Equity 117 Consolidated Statement of Cash Flows 118 Company Statement of Cash Flows 119 Notes to the Consolidated Financial Statements 120 Shareholder Information 176 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. AT A GLANCE Sustainable Growth Geographic Diversity Corrugated packaging is a valuable merchandising Our primary goal is to support our customers through tool as well as the most sustainable, cost effective, the dedication and creativity of our people. Our environmentally friendly and versatile transport and people are highly motivated, well trained and have merchandising medium. We are committed to unrivalled packaging expertise which provides the helping our customers grow sales and reduce costs. foundation for our innovation. Integration Innovation Smurfit Kappa is an integrated business. We produce We are a highly innovative, design-led company. With 5.9 million tonnes (over 10.8 billion square metres) of over 700 designers across our business and over corrugated packaging using the majority of the 6.0 7,000 packaging concepts, we use cutting edge million tonnes of containerboard produced within technology to provide innovative designs in our own mill system. Integration provides certainty packaging and display for our customers. of quality and supply of paper for our operations and, in turn, our customers. 1 VISION Our vision is to be a globally admired business, dynamically delivering secure and superior returns for all stakeholders. 2 Smurfit Kappa Annual Report 2017 Overview Strategic Report Governance Financials Overview Financials at a Glance 4 Who We Are 6 What We Do 7 Where We Are 8 Products 12 Innovation 14 3 FINANCIALS AT A GLANCE Well positioned for future growth in 2018 and beyond REVENUE OPERATING PROFIT BEFORE PROFIT BEFORE INCOME TAX (€ million) EXCEPTIONAL ITEMS (€ million) (€ million) €8,562 €820 €576 8,562 830 654 8,159 820 576 2017 2016 2017 2016 2017 2016 EBITDA* EBITDA MARGIN TO REVENUE* NET DEBT* (€ million) (%) (€ million) €1,240 14.5 €2,805 1,240 1,236 15.1 2,941 14.5 2,805 2017 2016 2017 2016 2017 2016 *These financial key performance indicators are not defined under International Financial Reporting Standards (‘IFRS’). Definitions and an explanation for the use of these Alternative Performance Measures (‘APMs’) are included in the Finance Review of this Annual Report. 4 Smurfit Kappa Annual Report 2017 Overview Strategic Report Governance Financials NET DEBT TO EBITDA* FREE CASH FLOW* RETURN ON CAPITAL EMPLOYED* (ratio) (€ million) (%) 2.3x €307 15.0 2.4 307 303 15.0 15.4 2.3 2017 2016 2017 2016 2017 2016 BASIC EARNINGS PER SHARE PRE-EXCEPTIONAL EARNINGS (cent) PER SHARE* (cent) 177.2 185.3 189.4 189.4 177.2 185.3 2017 2016 2017 2016 5 WHO WE ARE Smurfit Kappa (‘SKG’), a FTSE 100 In Latin America, we are the largest A leading company, is one of the leading providers pan-regional producer of of paper-based packaging solutions in containerboard and corrugated the world, with around 46,000 containers. provider of employees in approximately 370 With our pro-active team, we production sites across 35 countries relentlessly use our extensive paper-based and with revenue of €8.6 billion in 2017. experience and expertise, supported by We are located in 22 countries in Europe our scale, to open up opportunities for and 13 in the Americas. We are the only packaging our customers. We collaborate with large-scale pan-regional player in Latin forward thinking customers by sharing America. solutions superior product knowledge, market We manufacture, distribute and sell understanding and insights in packaging containerboard, corrugated containers trends to ensure business success in and other paper-based packaging their markets. We have an unrivalled products such as solidboard, portfolio of paper-packaging solutions, graphicboard and bag-in-box. In Europe, which is constantly updated with our our business is highly integrated and market-leading innovations. This is includes a system of mills and plants enhanced through the benefits of our that primarily produces a full line of integration, with optimal paper design, containerboard that is converted into logistics, timeliness of service and our corrugated containers. Given this high packaging plants sourcing most of their degree of integration, particularly in raw materials from our own paper mills. terms of containerboard, the Group’s Our products, which are 100% end customers are primarily in the renewable and produced sustainably, corrugated packaging market, which improve the environmental footprint of uses the packaging for product our customers. protection and product merchandising purposes. Entrepreneurship People Environment We value entrepreneurial spirit and a Our goal is to attract, engage, develop Our objective is to protect the decentralised management style with and retain our 46,000 employees, environment and progressively improve staff functions challenging and offering them the opportunity to our performance on emissions to air supporting the operations, with achieve their full potential in a safe and and discharges to water and soil. experience, expertise and ingenuity. open work environment. 6 Smurfit Kappa Annual Report 2017 Overview Strategic Report Governance Financials WHAT WE DO We manufacture a wide range of papers mainly used for packaging Paper purposes. Our total global paper and board capacity is approximately 7 million tonnes per annum. We design, manufacture and supply paper-based packaging to package, promote and protect our customers’ products. We manufacture over Packaging 10.8 billion square metres of corrugated packaging and have key supply positions in solidboard, folding carton and tube markets. We provide recycling solutions to ensure our clients’ corrugated Recycling packaging and paper is recycled responsibly, efficiently and reliably. We reprocess over 6 million tonnes of recovered paper across the globe. We own approximately 103,000 hectares of forest globally. Our forest estate management is based on sustainable development principles, Forestry promoting economic growth, a responsible use of natural resources and fostering social equity. Customers Shareholder Returns Meet Stakeholder We provide customers with innovative Our vision is to be a globally recognised Commitments customer-focused, sustainable and and respected business delivering We are determined to meet our cost-efficient packaging and logistics secure and superior returns for all commitments and will put in place the solutions. stakeholders. necessary resources to support their achievement. 7 WHERE WE ARE Our two operating segments in Europe bag-in-box operations. The Group As a world and the Americas consist of operates in 13 countries in the Americas approximately 370 operations across 35 and is the largest pan-regional producer countries. The Europe segment, which of containerboard and corrugated leader in is highly integrated, includes a system of containers in Latin America. mills and plants that primarily produces In terms of world market positions, the paper-based a full line of containerboard, that is Group is one of the largest producers of converted into corrugated containers, in corrugated packaging. packaging, addition to other types of paper, such as solidboard and sack kraft paper, and The Group’s large manufacturing we have paper-based packaging, such as footprint provides it with a competitive solidboard packaging and folding advantage because the corrugated cartons. This segment includes the packaging market is a localised market operations in Group’s bag-in-box operations. The and corrugated box plants need to be Americas segment comprises all the close to customers (generally 300 35 countries Group’s forestry, paper, corrugated, kilometres or less) due to the relatively paper sack and folding carton activities high cost of transporting the product. across the in a number of Latin American countries Approximately 60% of the Group’s and in the United States. corrugated customers are in the fast moving consumer goods (‘FMCG’) globe We operate in 22 countries in Europe sector, comprising food, beverage and and are the European leader in household consumables, the remainder corrugated packaging and being split across a wide range of containerboard with key positions in OUR BUSINESS different industries. IN NUMBERS several other packaging and paper market segments. We also have three In 2017, the Group’s Europe and TOTAL COUNTRIES bag-in-box facilities, located in Americas
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]