Annual Report 1999
Akzo Nobel Annual Report 1999 Annual Report 1999 PROFILE Akzo Nobel is an international company that serves customers around the world with healthcare products, coatings, and chemicals. The fibers business, which operated as a stand-alone company under the name Acordis, was divested at year- end 1999. Akzo Nobel has a two-layer top structure: business units in Pharma, Coatings, and Chemicals, and a corporate center. Headquartered in the Netherlands, Akzo Nobel has activities in 75 countries and employed 85,000 people during 1999. Sales in 1999 were EUR 14.4 billion, with Pharma, Coatings, and Chemicals accounting for EUR 2.9 billion, EUR 5.5 billion, and EUR 3.8 billion. With 17,000 employees, Acordis contributed EUR 2.2 billion. The corporate center coordinates key tasks in such areas as strategy; finance and control; human resources; technology; legal affairs and intellectual property; communications; health, safety, and environment; information management; and risk and insurance management. ▼ COMPANY STATEMENT (please turn over) Gross cash flow Operating income before nonrecurring items plus depreciation of property, plant and equipment, and amortization of intangible assets Cash flow per share Net income excluding extraordinary and nonrecurring items plus depreciation of property, plant and equipment, and amortization of intangible assets, divided by the weighted average number of common shares outstanding Net income (excluding extraordinary and nonrecurring items) per share Net income (excluding extraordinary and nonrecurring items) divided by the weighted average number of common shares outstanding Shareholders’ equity per share Akzo Nobel N.V. shareholders’ equity divided by the number of common shares outstanding at December 31 Working capital Inventories and receivables less current liabilities, exclusive of dividends Invested capital Total assets less cash and cash equivalents and less current liabilities Equity Akzo Nobel N.V.
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