Strong Together
Total Page：16
File Type：pdf, Size：1020Kb
01 Strong Together. For Agriculture and Life. Foreword by the Board of Directors . Executive bodies . Supervisory Board’s report . AGRAVIS shares . Corporate Governance . Group Management Report . Consolidated financial statements 02 The term “AGRAVIS” always refers to the AGRAVIS Group in this annual report. If reference is made to the AG, this is indicated by the company name “AGRAVIS Raiffeisen AG”. AGRAVIS Group Annual Report 2020 03 Chapter Content Page 1 Foreword by the Board of Directors 07 2 Executive bodies 08 3 Supervisory Board’s report 10 4 AGRAVIS shares 13 5 Corporate Governance 14 6 Group Management Report 6.1. Foundations of the Group 18 6.2. Economic report 21 6.3. HR report 37 6.4. Corporate Social Responsibility 42 6.5. Risk report 43 6.6. Opportunities report 46 6.7. Forecasting report 48 7 Consolidated financial statements 7.1. Consolidated balance sheet 58 7.2. Profit and loss account 60 7.3. Cash flow statement 61 7.4. Group statement of changes in equity 62 7.5. Explanatory notes to the Group Annual Report 62 Audit opinion 81 Balance sheet oath 84 Foreword by the Board of Directors . Executive bodies . Supervisory Board’s report . AGRAVIS shares . Corporate Governance . Group Management Report . Consolidated financial statements 04 Strong Together. For Agriculture and Life. AGRAVIS Group Annual Report 2020 05 Foreword by the Board of Directors . Executive bodies . Supervisory Board’s report . AGRAVIS shares . Corporate Governance . Group Management Report . Consolidated financial statements 06 Board of Directors Hermann Hesseler Jörg Sudhoff Dr Dirk Köckler Johannes Schulte-Althoff Member Member Chairman Member AGRAVIS Group Annual Report 2020 07 1. Foreword by the Board of Directors Dear Shareholders, Ladies and Gentlemen, “Strong Together. For Agriculture and Life.” This message can be found atop the AGRAVIS Group’s annual report for 2020 and at the same time underscores our company's vision for the future. Together with the cooperatives, we want to be the link that brings relevant actors in agribusiness together and consolidate our position as the innovative service provider for the sector. AGRAVIS stands for future-ori- ented products and services as well as efficient processes. As a networker in a strong alliance, we are driving digitalisation forward and developing successful sales channels and business models by utilising the expertise of our more than 6,300 employees. In this way, our customers and business partners expe- rience cooperation with AGRAVIS as added value. Through our value-oriented, sustainable actions, we’re making our contribution to ensuring the supply of people and development in rural areas. “Strong Together. For Agriculture and Life.” That has been an established practice for AGRAVIS and the cooperative association over the past financial year. The enormous challenges of the last 12 months have demanded everything of us: African swine fever and avian flu, the Green Deal and the Fertiliser Ordinance, discussions over meat consumption, the third drought year in a row in many places – and of course the coronavirus pandemic. Many of our employees from the head offices made the switch to working from home practically overnight and continue to work in this environment with the same pro- fessionalism as those in our feedstuff plants, logistics centres, Raiffeisen markets, agricultural centres and machinery branches, who keep the daily customer contact going despite the social distancing rules and hygiene measures in place. Thanks to this flexibility and willingness to adapt, we were able to fully and consistently meet our mandate as an essential business in agricultural trading and services. Despite all the rules and restrictions in place, our performance was solid and we met our targets, achieving an annual turnover of approximately EUR 6.4 billion and earnings before tax of EUR 30.5 million. All divisions and companies of the AGRAVIS Group played their part and did a good job. We also managed to consolidate or further expand our market position in many segments. Furthermore, as part of our ongoing change process, we took further strides towards ensuring increased operational excellence and securing more business. We supported this endeavour with targeted investments in lean structures and processes. Given the uncertainties caused by the pandemic, we generally acted in a risk-conscious manner, yet at the same time continued to invest in our future, to the tune of EUR 46.7 million no less. “Strong Together. For Agriculture and Life.” We will proceed according to this basic principle over the coming year, too. The focus of the AGRAVIS Group will remain on its core business, and this will be ex- panded further through cooperation with its partners. The solid financial structure, which expands the scope for action with the participation rights capital generated in 2020, forms a solid basis in this regard. We’re on a good path and look forward to continuing to walk it together with you. Dr Dirk Köckler (Chairman) Hermann Hesseler Johannes Schulte-Althoff Jörg Sudhoff Foreword by the Board of Directors . Executive bodies . Supervisory Board’s report . AGRAVIS shares . Corporate Governance . Group Management Report . Consolidated financial statements 08 2. Executive bodies Supervisory Board Chairman Franz-Josef Holzenkamp, Farmer, President – Deutscher Raiffeisenverband e.V. Deputy Chairwoman Friederike Brocks*, Chairwoman of the Works Council released of normal duties – AGRAVIS Raiffeisen AG Birgit Buth, Managing Director – Deutscher Raiffeisenverband e.V. Martin Duesmann-Artmann, Executive Member of the Managing Board – Raiffeisen Hohe Mark Hamaland eG Uwe Erschens*, Managing Director – ver.di district of Uckermark-Barnim (up to 31 December 2020) Henning Haahr, Group CEO – Danish Agro a.m.b.a. (since 26 August 2020) Theresa Hukriede*, Advisor General Works Council – AGRAVIS Raiffeisen AG Urban Jülich, Farmer Christian Junker, Chairman of the Supervisory Board – Ceravis AG (up to 26 August 2020) Detlef Lange*, Trade Union Secretary – ver.di-Bundesverwaltung, Department of Trade (since 18 March 2021) (Elected Union Representative for ver.di) Axel Lohse, Executive Member of the Managing Board – RAISA eG Günter Lonnemann, Managing Director – Raiffeisen agrar Lutz Lüking*, Team Leader Asset Management – AGRAVIS Raiffeisen AG Reinhard Mester*, Workshop Manager – AGRAVIS Technik Lenne-Lippe GmbH Jürgen Osteroth*, Silo Manager – AGRAVIS Niedersachsen-Süd GmbH (Elected Union Representative for DHV – Die Berufsgewerkschaft) Arno Schoppe, Executive Member of the Managing Board – Raiffeisen-Warengenossenschaft Niedersachsen Mitte eG Manfred Schulze Baek*, Dispatcher – AGRAVIS Technik BvL GmbH Susanne Schulze Bockeloh, Farmer Thomas Simon*, Chairman of the Works Council released of normal duties – AGRAVIS Raiffeisen AG Friedrich Steinmann, Farmer Thomas Wiesner*, Head of Retailing Division – AGRAVIS Raiffeisen AG Annette Wolters*, Laboratory Manager – AGRAVIS Raiffeisen AG (Elected Union Representative for DHV – Die Berufsgewerkschaft) (* Employee representative) Advisory Board Chairman Torsten Wojahn, Farmer, Chairman of the Supervisory Board – VR PLUS Altmark-Wendland Deputy Chairman Folkert Groeneveld, Chairman of the Board of Directors – VR-Bank in Südniedersachsen eG Theo Averbeck, Executive Member of the Managing Board – Raiffeisen Warengenossenschaft Vechta-Dinklage eG Friedrich Becker, Farmer, Chairman of the Supervisory Board – Raiffeisen Sauerland Hellweg Lippe eG Dr Henning Behrens, Farmer Hubertus Beringmeier, Farmer, President – Westfälisch-Lippischer Landwirtschaftsverband e.V. (since 25 March 2020) Maik Bilke, Farmer, Chairman of the Supervisory Board – Raiffeisen Waren- und Dienstleistungsgenossenschaft eG Volker Bormann, Executive Member of the Managing Board – Vereinigte Saatzuchten eG (up to 12 January 2021) Dr Hauke Bronsema, Executive Member of the Managing Board – Raiffeisen Weser-Elbe eG Hartmut Brunkhorst, Farmer, Chairman of the Board of Directors – Raiffeisen Landbund eG Ronald Buchholz, Farmer Ingo Busch, Executive Member of the Managing Board – Raiffeisen-Warengenossenschaft Kirchwistedt Karl-Heinz Eikenhorst, Executive Member of the Managing Board – Raiffeisen Lübbecker Land AG Johannes Freundlieb, Executive Member of the Managing Board – Genossenschaftsverband Weser-Ems Peter Götz, Member of the Board – Genossenschaftsverband Verband der Regionen e.V. Kasper Haller, Farmer, Member of the Supervisory Board – AGRAVIS Förderungs- und Beteiligungs eG Karl-Theo Hamm, Managing Director – Raiffeisen Wittgenstein-Hallenberg eG AGRAVIS Group Annual Report 2020 09 Andreas Hansen, Farmer, Member of the Supervisory Board – Raiffeisen Waren- und Dienstleistungsgenossenschaft eG Christoph Heer, Farmer, Member of the Supervisory Board – Raiffeisen Lippe-Weser AG Jan-Gerd Hoegen, Executive Member of the Managing Board – Raiffeisen Obergrafschaft eG Dieter Hülstede, Farmer, Chairman of the Board of Directors – Raiffeisen-Warengenossenschaft Butjadingen-Seefeld eG Ulrich Kemmer, Farmer, Chairman of the Supervisory Board – Raiffeisen-Warengenossenschaft Osthannover eG Hugo Lohmann, Executive Member of the Managing Board – Raiffeisen Warengenossenschaft Hunte-Weser eG Hermann Mammen, Executive Member of the Managing Board – Raiffeisen-Warengenossenschaft Ammerland-Ostfriesland eG Clemens Meißner, Farmer Wilhelm Meyer, Farmer, Member of the Supervisory Board – AGRAVIS Förderungs- und Beteiligungs eG Steffen Mogwitz, Farmer, Member of the Supervisory Board – AGRAVIS Förderungs- und