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FINANCIAL STATEMENTS OF BARRY CALLEBAUT AG
BarryCallebaut AG
Annual Report2010/11
7 Risk assessmentdisclosures
Barry Callebaut AG as the ultimate parent of the Barry Callebaut Group,isfully integrated
into the Group-wide Risk Management (GRM) process and the respective Enterprise Risk
Management Model.TheGRM process consists of reporting quarterly to the Audit, Finance,
Risk, Quality and Compliance Committee (AFRQCC) on identified risks,events and respective
response by the management. The processes and actions to identify the risks and remediation
areidentified by specialized corporate functions (Commodity management,Treasury,
Legal, Internal Audit, Quality,Operations and Supply Chain, etc.) under the GRM program,
supported by the legal entities and divisions concerned. These Group function departments
are responsible to monitor those procedures and processes and ensure effective measures
while Group Risk Management oversees the global process.
The Group’s general Risk Management process and the Financial Risk Management in particular
is described in the Group’s consolidated financial statements in notes 27 and 31,
respectively.
8 Subsequentevents
On July 8, 2011, Barry Callebaut signed an agreement for the sale of its European consumer
business (Stollwerck) to the Baronie Group in Belgium (see also note 26 and 32 in the
Consolidated Financial Statements). In this transaction, that was closed on September 30,
2011, the Company sold its participations in Chocolat Alprose SA, Switzerland and Barry
Callebaut Belgium Consumer N.V.,Belgium, as well as related intellectual property rights.
In accordance with the share purchase agreement the final purchase price is determined
based on the closing balance sheet on September 30, 2011.Atthis stage the assessment and
agreement on final amounts areongoing.Consequently,the adjusted sales price for the transaction
cannot yet be determined.
9 Appropriation of available earnings and reserves
The Board ofDirectors proposes the following appropriation of retained earnings and
reserves:
9.1 Allocation from Reservesfromcapital contributions to free reserves
in the amount of CHF 80,135,000.
9.2 Dividend payout of CHF15.50 per shareout of the free reservesasper 9.1
in the amount of CHF 80,135,000.
9.3 Carry-forwardofthe balanceofretained earnings
of CHF 1,224,031,781.
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