Ardagh Glass Finance plc - Irish Stock Exchange

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 15. Deferred income tax (Continued) The movement in deferred tax assets and liabilities during the year, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows: Deferred tax liabilities Accelerated tax Fair value depreciation gains Other Total E’000 E’000 E’000 E’000 At 1 January 2007 ............................... (16,372) (1,244) (53) (17,669) Arising on acquisitions ............................ (21,743) (78,941) (834) (101,518) Charged/(credited) to the income statement ............ 8,959 7,217 (1,970) 14,206 Exchange movement ............................. 1,031 107 — 1,138 At 31 December 2007 ............................. (28,125) (72,861) (2,857) (103,843) Charged/(credited) to the income statement ............ (2,908) 15,542 888 13,522 Charged to equity ............................... 907 — — 907 Exchange movement ............................. 2,806 276 6 3,088 At 31 December 2008 ............................. (27,320) (57,043) (1,963) (86,326) Deferred tax assets Pension Other Total E’000 E’000 E’000 At 1 January 2007 ........................................... 8,055 1,177 9,232 Arising on acquisitions ........................................ 4,286 2,898 7,184 (Charged)/credited to the income statement ......................... (2,531) 333 (2,198) Credited to equity ............................................ (1,155) — (1,155) Exchange movement .......................................... (603) 53 (550) At 31 December 2007 ......................................... 8,052 4,461 12,513 (Charged)/credited to the income statement ......................... (141) 3,513 3,372 Charged to equity ............................................ 5,018 — 5,018 Exchange movement .......................................... (2,200) (832) (3,032) At 31 December 2008 ......................................... 10,729 7,142 17,871 The deferred income tax credited to equity during the year was A5,925,000 (2007: A1,211,000) related to the actuarial loss on the pension schemes. The Group did not recognise deferred income tax assets of A982,000 (2007: A3,716,000) in respect of losses amounting to A7,859,000 (2007: A13,431,000) that can be carried forward against future taxable income. F-47
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 16. Deferred income—government grants 2008 2007 E’000 E’000 At 1 January ...................................................... 6,927 3,405 Acquired ......................................................... — 4,524 Additions ......................................................... 1,110 — Amortisation for the year ............................................. (1,268) (777) Exchange movement ................................................. (458) (225) At 31 December .................................................... 6,311 6,927 Classified as: Deferred income—current liability ....................................... 1,134 1,052 Deferred income—non-current liability ................................... 5,177 5,875 6,311 6,927 17. Provisions for other liabilities and charges Employee- Restructuring Other related Total E’000 E’000 E’000 E’000 At 1 January 2008 ................................ 2,597 1,330 9,801 13,728 Provided during the year ........................... 6,547 104 3,668 10,319 Released during the year ........................... (913) (110) (1,221) (2,244) Utilised during the year ............................ (3,792) (811) (2,204) (6,807) Exchange movements .............................. (41) 13 (817) (845) At 31 December 2008 ............................. 4,398 526 9,227 14,151 Employee- Restructuring Other related Total E’000 E’000 E’000 E’000 At 1 January 2007 ................................ — 87 4,917 5,004 Acquired ....................................... 877 461 4.776 6,114 Provided during the year ........................... 2,070 815 2,643 5,528 Released during the year ........................... (28) (71) (193) (292) Utilised during the year ............................ (322) (3) (2,265) (2,590) Exchange movements .............................. — 41 (77) (36) At 31 December 2007 ............................. 2,597 1,330 9,801 13,728 The Group has recognised obligations to pay employee-related benefits amounting to A9,227,000 (2007: A9,801,000). All employee related provisions will crystallise as the service lives of the employees concerned comes to an end. A provision of A1,221,000 (2007: A193,000) relating to employee related provisions was released during the year. Other provisions relate to customer quality claims and possible environmental penalties. F-48
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OFFERING MEMORANDUM—LISTING PARTI
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IMPORTANT INFORMATION This Offering
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NOTICE TO EEA INVESTORS This Offeri
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NOTES ON DEFINED TERMS USED IN THIS
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PRESENTATION OF FINANCIAL AND OTHER
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The 2007 Pro Forma Financial Inform
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EXCHANGE RATES Exchange Rate Betwee
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Exchange Rate Between the Euro and
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Exchange Rate Between the Euro and
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Ardagh Glass Engineering Ardagh Gla
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• Continue to Apply Advanced Tech
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As at September 30, 2009, after giv
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• be effectively subordinated to
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Use of Proceeds ................ Tr
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Unaudited Nine months ended and as
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The reconciliation of operating pro
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Our credit facilities contain finan
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Facility, causing all the debt unde
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An active trading market may not de
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its hedging arrangements. As at Sep
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• issued such Guarantee in a situ
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will continue to be preferred by ou
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We are subject to various environme
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Changes in laws and regulations rel
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the twelve months ended September 3
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Coulson is Chairman of the board of
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CAPITALIZATION The following table
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Unaudited Nine months ended and as
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UNAUDITED SUPPLEMENTAL INFORMATION
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OPERATING AND FINANCIAL REVIEW AND
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Acquisition of Busch and Spreen. In
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Goodwill Goodwill represents the ex
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Operating Profit Excluding other in
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Audited Pro forma Year ended Decemb
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major drivers of the rise in gross
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Operating Results The significant i
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Historical Development The followin
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External Financings The following t
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Derivative transactions are only un
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Beverages, Diageo, and Nestlé. Ard
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has consistently focused on decreas
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The following table shows certain p
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Ardagh Glass Engineering Ardagh’s
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Key competitors by material type: P
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period. This agreement supersedes a
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Intellectual Property Glass Contain
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Asbestos is present, or may be pres
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facilities are well maintained and
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glass container industry. Heye Inte
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Board of Directors The following ta
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Internal Control and Risk Managemen
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DESCRIPTION OF OTHER INDEBTEDNESS T
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Under the Intercreditor Agreement,
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In addition, certain negative coven
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DESCRIPTION OF THE NOTES The defini
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(b) rank senior in right of payment
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etain Permitted Junior Securities a
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under the Guarantee would cause the
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of its Subsidiaries may act as payi
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to obtain such receipts, the same a
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the Issuer would be obligated to pa
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of Control could cause a default un
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or otherwise become responsible for
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principal amount that may be drawn
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Payment (or, if such aggregate cumu
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indirectly, to issue or sell, any s
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directly secured by a Lien on such
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Notwithstanding the foregoing, noth
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(e) encumbrances or restrictions co
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(ii) maintain or preserve such Pers
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Guarantor would dispose of, all or
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periods and other than by regularly
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(b) the Issuer’s obligations to i
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occurring after an Event of Default
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Indenture, the Notes or any Guarant
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‘‘Asset Sale’’ means any sa
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a share of the profits and losses,
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‘‘Consolidated Fixed Charge Cov
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Notwithstanding any of the foregoin
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otherwise require any cash payment
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or other property to others or any
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(f) Investments in the Notes and th
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(l) Liens arising by reason of any
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or associated with, any Asset Sale,
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elevant security agent in the enfor
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BOOK-ENTRY; DELIVERY AND FORM Gener
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The Global Note for Rule 144A Book-
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TAXATION Prospective purchasers of
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Encashment Tax If the Paying Agent
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Interest on the Senior Notes Paymen
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will hold Senior Notes as part of a
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amount of OID into U.S. dollars and
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LIMITATIONS ON VALIDITY AND ENFORCE
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Effect of Appointment of Examiner T
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Liability Company as General Partne
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of court by the company, its direct
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court). As a general rule, such leg
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which creditors have a right to be
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ascertain the center of main intere
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Italy Ardagh Glass S.r.l., one of t
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Fraudulent Transfer Provisions of G
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provided that no such offer of Seni
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NOTICE TO INVESTORS The Senior Note
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AND ANY APPLICABLE LOCAL LAWS AND R
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(ii) the process and decision of th
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In cases of non-compliance with or
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Recognition of Judgments in Civil a
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LISTING AND GENERAL INFORMATION 1.
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Page 223 and 224: CONSOLIDATED NON-STATUTORY FINANCIA
Page 225 and 226: STATEMENT OF DIRECTORS’ RESPONSIB
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Page 231 and 232: ACCOUNTING POLICIES (Continued) (v)
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Page 241 and 242: CONSOLIDATED INCOME STATEMENT FOR T
Page 243 and 244: CONSOLIDATED BALANCE SHEET AS AT 31
Page 245 and 246: NOTES TO THE CONSOLIDATED FINANCIAL
Page 267: NOTES TO THE CONSOLIDATED FINANCIAL
Page 281 and 282: INDEPENDENT AUDITORS’ REPORT TO T
Page 283 and 284: BASIS OF PREPARATION These consolid
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Page 287 and 288: ACCOUNTING POLICIES (Continued) (v)
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Page 293 and 294: ACCOUNTING POLICIES (Continued) The
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Page 297 and 298: CONSOLIDATED INCOME STATEMENT FOR T
Page 299 and 300: CONSOLIDATED BALANCE SHEET AS AT 31
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NOTES TO THE CONSOLIDATED FINANCIAL
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INTERIM UNAUDITED NON-STATUTORY GRO
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CONSOLIDATED INTERIM INCOME STATEME
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CONSOLIDATED INTERIM BALANCE SHEET
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NOTES TO THE UNAUDITED CONSOLIDATED
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ISSUER Ardagh Glass Finance plc 4 R
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F180,000,000 Ardagh Glass Finance p
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Ardagh Glass Finance plc - Irish Stock Exchange

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