THE NATURE OF OUR BUSINESS â€“ STABLE GROWTH - Symrise

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The acquisitions of Intercontinental Fragrances and Manheimer Fragrances make it possible for Symrise to strengthen its position in the US market, particularly in the Air Fragrances area. 8.14. Trade Payables As in the previous year, trade payables are all due within one year. 8.15. Provisions 2008 T€ As at January 1, 2008 Utilized during the year Reversals Additional provisions Currency translation differences As at December 31, 2008 Thereof: Current Noncurrent Total Environmental 199 -140 -59 0 0 Restructuring Provisions The Group has continued the project “Fit for Growth,” which involves a number of restructuring measures that are designed to make the Group’s organization leaner and more efficient and which aim to reduce the activities of the Group to its core areas of competence. 8.16. Current Borrowings T€ Bank borrowings Interest accruals Other financial liabilities Total 0 0 0 0 0 Restructuring 3,592 -2,401 -78 408 1,521 -83 1,438 1,344 94 1,438 Other 298 -21 0 45 322 50 372 372 0 372 2007 174,931 411 1,353 176,695 Total 4,089 -2,562 -137 453 1,843 -33 1,810 1,716 94 1,810 2008 345,928 293 1,425 347,646 130 Annual Report 2008 Symrise AG
Current bank borrowings are not secured and are attributable to: 2007 Borrowings T€ Symrise GmbH & Co. KG Senior Facility - Term B Senior Facility - Term A - EUR Senior Facility - Term A - US$ Symrise Luxembourg S.a.r.l., Luxemburg Senior Facility - Term B Senior Facility - Term A - EUR Symrise Mauritius Ltd., Mauritius Mauritius Senior Facility - Term B Senior Facility - Term A - EUR Symrise Holding Ltd., UK Senior Facility - Term A - EUR Symrise Holding Inc., USA Senior Facility - Term A - US$ Aromatics SAS, Frankreich Bank overdrafts Total 2008 Borrowings T€ Symrise GmbH & Co. KG Senior Facility - Term B - EUR Senior Facility - Term B - US$ Senior Facility - Term A - EUR Senior Facility - Term A - US$ Symrise Luxembourg S.a.r.l., Luxemburg Senior Facility - Term B - EUR Total Annual Report 2008 Symrise AG 131 Installments/ Maturity date March 2008 Dec. 13, 2008 Dec. 13, 2008 March 2008 Dec. 13, 2008 March 2008 Dec. 13, 2008 Dec. 13, 2008 Dec. 13, 2008 Credit line Installments/ Maturity date January 2009 January 2009 Dec. 13, 2008 Dec. 13, 2008 January 2009 Nominal value 40,000 11,700 6,800 33,000 11,000 55,000 13,000 2,300 3,398 175 176,373 Nominal value 125,000 116,501 57,000 15,886 33,000 347,387 Carrying amount 39,559 11,614 6,759 32,820 10,920 54,700 12,904 2,267 3,213 175 174,931 Carrying amount 125,000 116,501 56,816 15,609 32,002 345,928 Nominal interest rate Euribor + 0,5% 5,27% Euribor + 0,5% 5,27% Libor + 0,5% 5,35% Euribor + 0,5% 5,27% Euribor + 0,5% 5,27% Euribor + 0,5% 5,27% Euribor + 0,5% 5,27% Euribor + 0,5% 5,27% Libor + 0,5% 5,35% 16,0% 16,0% Nominal interest rate Euribor + 0,5% 3,244% Libor + 0,5% 0,97225% Euribor + 0,5% 3,244% Libor + 0,5% 0,97225% Euribor + 0,5% 3,244% Notes
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THE NATURE OF OUR BUSINESS - STABLE
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Key Figures € million Sales Scent
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4 - 51 52 - 92 93-98 99-147 148-152
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April 25 Symrise organizes the “t
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2008: A financial crisis became an
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We can hope that 2009 will bring th
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Dominique Yates CFO since October 2
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Growth Means Stability - in Nature
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OUR THREE BRAND PILLARS The flavors
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Flavors and Fragrances Are More Tha
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Our requirement is to meet new requ
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Innovation Is Never Just About Prod
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MORE INNOVATION THROUGH MORE INTEGR
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Responsibility Knows No Boundaries
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emissions. We require of ourselves
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Dr. Gerold Linzbach, speaking with
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divisions. At the same time, the na
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are increasingly strict and expensi
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ically examine the costs from the v
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Our People Success has many faces.
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A complete Junior Perfumer program
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cludes the Symrise share, declined
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Attractive Dividend Proposed for 20
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The Executive Board and Supervisory
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A breakdown of the total remunerati
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Report of the Supervisory Board In
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Annual and Consolidated 2008 Financ
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Detail Index Group Management Repor
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As a rule, our flavor, fragrance an
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The organizational structure is cus
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Flavor & Nutrition Beverages Sweet
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Flavor & Nutrition: Innovations and
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MARKET SHARE F&F INDUSTRY (total
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Financial Objectives and Value-base
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half of 2009. After integration cos
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SALES BY REGION € million EAME As
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RECONCILIATION € million EBIT EBI
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“AND” Products Grow Faster Sale
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ucts was significantly lower than o
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6. FINANCIAL POSITION Main Financia
Page 81 and 82: 8. OTHER FACTORS RELEVANT TO RESULT
Page 83 and 84: High Performance Sales Training, co
Page 85 and 86: active health promotion programs an
Page 87 and 88: Customer complaints about product q
Page 89 and 90: The following table shows when our
Page 91 and 92: › our position on the core lists
Page 93 and 94: Dr. Gerold Linzbach therefore reque
Page 95 and 96: Consolidated Income Statement T€
Page 97 and 98: EQUITY AND LIABILITIES T€ LIABILI
Page 99 and 100: T€ Balance brought forward Invest
Page 101 and 102: Notes to the Consolidated Financial
Page 103 and 104: company is lost. The changed provis
Page 105 and 106: Further information on share intere
Page 107 and 108: If the requirements of IAS 39 with
Page 109 and 110: The sales tax amount that is recove
Page 111 and 112: opment costs recognized are amortiz
Page 113 and 114: tion results in a gain, any recogni
Page 115 and 116: 5. SEGMENT REPORTING For the purpos
Page 117 and 118: 2008 T€ Sales External sales Resu
Page 119 and 120: 6. CONSOLIDATED INCOME STATEMENT 6.
Page 121 and 122: 6.8.Financial Result T€ Interest
Page 123 and 124: The interest risk that is hedged is
Page 125 and 126: The deferred tax assets and liabili
Page 127 and 128: 2008 T€ Cost As at January 1, 200
Page 129 and 130: 8.12. Property, Plant and Equipment
Page 131: 8.13. Acquisitions Cambridge Theran
Page 135 and 136: A new pension plan was established
Page 137 and 138: The entity in the US provides healt
Page 139 and 140: Repayment of Bank Borrowings The Se
Page 141 and 142: The following table shows amounts r
Page 143 and 144: Sensitivity Analysis for Derivative
Page 145 and 146: 11. LONG TERM FINANCIAL RISK MANAGE
Page 147 and 148: continuance Company M&G Investment
Page 149 and 150: Annual Report 2008 Symrise AG 147
Page 151 and 152: Responsibility Statement (“Bilanz
Page 153 and 154: Dr. Peter Grafoner* Horst-Otto Gerb
Page 156: Symrise AG Mühlenfeldstraße 1 376
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THE NATURE OF OUR BUSINESS â€“ STABLE GROWTH - Symrise

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