THE NATURE OF OUR BUSINESS – STABLE GROWTH - Symrise
THE NATURE OF OUR BUSINESS – STABLE GROWTH - Symrise
THE NATURE OF OUR BUSINESS – STABLE GROWTH - Symrise
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The acquisitions of Intercontinental Fragrances and Manheimer<br />
Fragrances make it possible for <strong>Symrise</strong> to strengthen its position<br />
in the US market, particularly in the Air Fragrances area.<br />
8.14. Trade Payables<br />
As in the previous year, trade payables are all due within one year.<br />
8.15. Provisions<br />
2008<br />
T€<br />
As at January 1, 2008<br />
Utilized during the year<br />
Reversals<br />
Additional provisions<br />
Currency translation<br />
differences<br />
As at December 31, 2008<br />
Thereof:<br />
Current<br />
Noncurrent<br />
Total<br />
Environmental<br />
199<br />
-140<br />
-59<br />
0<br />
0<br />
Restructuring Provisions<br />
The Group has continued the project “Fit for Growth,” which involves<br />
a number of restructuring measures that are designed to<br />
make the Group’s organization leaner and more efficient and which<br />
aim to reduce the activities of the Group to its core areas of competence.<br />
8.16. Current Borrowings<br />
T€<br />
Bank borrowings<br />
Interest accruals<br />
Other financial liabilities<br />
Total<br />
0<br />
0<br />
0<br />
0<br />
0<br />
Restructuring<br />
3,592<br />
-2,401<br />
-78<br />
408<br />
1,521<br />
-83<br />
1,438<br />
1,344<br />
94<br />
1,438<br />
Other<br />
298<br />
-21<br />
0<br />
45<br />
322<br />
50<br />
372<br />
372<br />
0<br />
372<br />
2007<br />
174,931<br />
411<br />
1,353<br />
176,695<br />
Total<br />
4,089<br />
-2,562<br />
-137<br />
453<br />
1,843<br />
-33<br />
1,810<br />
1,716<br />
94<br />
1,810<br />
2008<br />
345,928<br />
293<br />
1,425<br />
347,646<br />
130 Annual Report 2008 <strong>Symrise</strong> AG
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