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

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Consolidated Cash Flow Statement T€ Profit or loss Share of (gain)/loss of equity accounted investee Income tax expenses Net interest expenses Cash flow from operating activities Cash flow from operating activities Impairment reversal Change in retirement benefit obligations Change in provisions Change in accruals Change in the accrual for the Mangement Participation Program Profit (-)/loss on disposal of assets Unrealized (loss)/profit from IAS 39 fair value Adjustments Unrealized foreign exchange differences Adjustment for noncash items Cash flow before working capital changes Change in trade and other receivables Change in inventories Change in trade and other payables Management Participation Program paid Income taxes paid Net cash flows from operating activities Notes 6.9 6.8 8.10,8.11,8.12 8.12 8.19 8.14 8.3 8.2,8.4,8.8 8.5 8.16,8.17 Dec. 31, 2007 97,436 -57 42,826 39,279 179,484 74,278 0 -1,556 -11,810 -1,883 1,914 211 1,397 4,496 67,047 246,531 -8,180 -28,428 16,233 -46,246 -27,322 152,588 Dec. 31, 2008 90,386 0 44,397 41,206 175,989 75,116 -5,156 -5,250 -2,246 -4,158 1,549 -34 1,703 -2,249 59,275 235,264 -23,403 -5,327 -6,348 -17,303 -29,785 153,098 96 Annual Report 2008 <strong>Symrise</strong> AG
T€ Balance brought forward Investments in subsidiaries, associates, and investments (net of cash acquired) Payments for the acquisition of business units (including inventories) Investments in intangible assets Investments in property, plant, and equipment Payments for investments in financial assets Payments for investments in financial assets Net change in other financial loans Disinvestment Interest received Cash flow from investment activities Payments relating to the IPO and repayment of warrant liability Change in financial borrowings Repayment of bank borrowings Transaction fees (bank and consultation fees) Interest paid Dividends paid Cash flow from financing activities Net increase/decrease Effects of changes in exchange rates Cash and cash equivalents as of January 1 Cash and cash equivalents as of December 31 Annual Report 2008 <strong>Symrise</strong> AG 97 Notes 8.13,8.16 8.10 8.12 6.8 8.16,8.20 6.8 8.1 Dec. 31, 2007 152,588 -6,683 0 -10,293 -29,779 -244 361 32 1,989 1,692 -42,925 -17,687 -7,204 -48,054 -1,062 -28,715 0 -102,722 6,941 7,029 65,280 79,250 Dec. 31, 2008 153,098 -283 -138,073 -14,393 -38,140 -4,249 428 1 11,603 1,482 -181,624 0 365,248 -266,980 0 -28,776 -59,087 10,405 -18,120 7,730 79,250 68,860 Consolidated Financial Statements
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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
Page 47 and 48: The Executive Board and Supervisory
Page 49 and 50: A breakdown of the total remunerati
Page 51 and 52: Report of the Supervisory Board In
Page 53 and 54: Annual and Consolidated 2008 Financ
Page 55 and 56: Detail Index Group Management Repor
Page 57 and 58: As a rule, our flavor, fragrance an
Page 59 and 60: The organizational structure is cus
Page 61 and 62: Flavor & Nutrition Beverages Sweet
Page 63 and 64: Flavor & Nutrition: Innovations and
Page 65 and 66: MARKET SHARE F&F INDUSTRY (total
Page 67 and 68: Financial Objectives and Value-base
Page 69 and 70: half of 2009. After integration cos
Page 71 and 72: SALES BY REGION € million EAME As
Page 73 and 74: RECONCILIATION € million EBIT EBI
Page 75 and 76: “AND” Products Grow Faster Sale
Page 77 and 78: ucts was significantly lower than o
Page 79 and 80: 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: EQUITY AND LIABILITIES T€ LIABILI
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 and 132: 8.13. Acquisitions Cambridge Theran
Page 133 and 134: Current bank borrowings are not sec
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
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Dr. Peter Grafoner* Horst-Otto Gerb
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Symrise AG Mühlenfeldstraße 1 376
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THE NATURE OF OUR BUSINESS â€“ STABLE GROWTH - Symrise

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