Annual Report 2009 - Camposol

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camposol annual report 2009
Overview
Product &
categories
Management’s
Report
Key Investment
Considerations
Corporate
Governance
Independent Auditors’ Report
and Audited Financial Statements
Total Bank Debt Evolution (USD MM)
4.11 Shares and
shareholders
Investor Shares Percentage
1 DYER – CORIAT HOLDING 8 571 000 28,73%
Largest 20 Shareholders as of
18 February, 2010.
2 DEUTSCHE BANK AG LON PRIME BROKERAGE FULL 4 350 018 14,58%
3 ANDEAN FISCHING L.L. 3 380 100 11,33%
4 EUROCLEAR BANK S.A./ 25% CLIENTS 2 196 000 7,36%
5 FONDO DE INVERSIóN A Y FORESTAL 1 908 750 6,40%
6 CLEARSTREAM BANKING CID DEPT, FRANKFURT 1 829 400 6,13%
7 SOUTH WINDS AS 1 753 000 5,88%
8 PERU LAND FARMING LL 1 195 950 4,01%
9 ORKLA ASA 750 000 2,51%
10 BROWN BROTHERS HARRI S/A GENESIS EME OPP 404 000 1,35%
The Company concluded the exchange rate SWAP agreement it maintained with Credit
Suisse at no cost for the Company on October 2009. Afterwards, CAMPOSOL signed
the third addendum with Credit Suisse in order to ease the financial covenants for the
following year, and to reduce the impact of repayment for the years 2010 and 2011.
11 DEUTSCHE BANK AG LON 393 482 1,32%
12 STOREBRAND LIVSFORSI P980, AKSJEFONDET 322 000 1,08%
13 CREDIT SUISSE SECURI SPECIAL CUSTODY A/C 309 000 1,04%
During the
year company
invested three
million dollars
in fixed assets
During the year the Company invested USD 3.0 MM dollars in fixed assets, especially
in irrigation equipment, and USD 3.6 MM for 1,071 new has. of avocado. With this
investment, CAMPOSOL reinforces its position as the largest avocado plantation in the
world and the main Peruvian exporter of this fruit the consumption of which is growing
at considerable levels in the most important markets.
4.10 Allocation of Net Income
The Board of Directors has proposed the net income of CAMPOSOL to be attributed
to Retained earnings. The proposal is a reflection of the wish to strengthen the equity
position of the Company.
14 JPMORGAN CHASE BANK NORDEA RE:NON-TREATY 234 500 0,79%
15 VPF NORDEA AVKASTNIN C/O JPMORGAN EUROPE 193 900 0,65%
16 DNB NOR SMB VPF 165 000 0,55%
17 SABARO INVESTMENTS L JOHN CASELY 157 000 0,53%
18 MP PENSJON 137 000 0,46%
19 VPF NORDEA NORGE VER C/O JPMORGAN EUROPE 91 300 0,31%
20 VITAL FORSIKRING ASA OMLØPSMIDLER 77 043 0,26%
TOTAL TOP 20 28,418,443 95,27%
OTHERS 1,415,377 4,73%
TOTAL 29,833,820 100.00%
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