TVK Annual Report 2010 (pdf, 2.5 MB)

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Glossary of terms BAT (Best Available Technique) Application of the best practice in a certain area HSE The Health, Safety and Environmental Protection organization of TVK EC number (European Chemical number: EINECS, ELINCS or NLP) An EU registration number assigned to chemical substances classified in the “European Inventory of Existing Commercial Chemical Substances Information System” (EINECS) before 1981 or in the “European List of Notified Chemical Substances” after 1981 or as “No Longer Polymers” (NLP, a special regulatory category of the EU EBITDA Earnings before interest, taxes, depreciation and amortisation (the sum of operating profits and depreciation) EMAS (Eco-Management and Audit Scheme) As a system of environmental management and certification in the European Union, EMAS offers voluntary participation. Ethylene The first member of the alkene homologous series, empirical formula: C2H4. There is double bond between the two carbon atoms. ÉKÖVÍZIG Northern Hungarian Environmental and Water Management Authority ÉKTVF Northern Hungarian Directorate of Environmental Protection, Nature Conservation and Water Management Frequency of Intense Exposures Number of reported intense exposures per 1 million hours worked GRIG (Global Reporting Initiative Guideline) A process that affects several stakeholders and an independent institution with the mission to develop and disseminate globally acceptable guidelines for sustainability reports. HDPE High Density Polyethylene Homopolymer Polymer constructed of identical monomers IPPC Integrated Pollution Prevention and Control ISO 9001:2000 A standard applicable to quality management systems. The part after the colon shows the date of publishing. LTI (Lost Time Injury) Injuries leading to lost working hours LTIF (Lost Time Injury Frequency) The number of incidents of lost time injury (LTI) per one million hours worked MDPE (Medium Density Polyethylene) Medium Density Polyethylene Monomer The basic material of the process of polymerisation TIP Technical Intervention Plan Olefin A member of the alkene homologous series with dual bond. Empirical formula CnH2n. PE 100 Bimodal HDPE pipe grade raw material. Gas and drinking water pipes made of bimodal HDPE have a useful life of minimum 50 years with circumferential stress at 10 MPa. Polyethylene A polymer made up of ethylene monomer, which may contain monomers other than ethylene known as comonomers. Polymer A complexity of repeating units of organic or inorganic macromolecules Polypropylene A polymer made up of propylene monomer, which may contain monomers other than propylene known as comonomers. Propylene The second member of the alkene homologous series, empirical formula: C3H6. There is a single double bond between two carbon atoms. PSM Process Safety Management REACH (Registration, Evaluation and Authorization of Chemicals)) A new EU directive concerning the registration, evaluation and authorization of chemicals SCM Supply chain management TQM (Total Quality Management) Total Quality Management is a management method, philosophy and corporate practice, which uses available human and material resources at the highest level of efficiency to achieve corporate goals. Corporate governance ISO 14001:2004 The standard applicable to environmentally oriented management systems. COD (chemical oxygen demand) A measure of the level of pollution in waste water, or the quantity of oxygen required for the chemical oxidation of the components of organic substances in a unit of waste water Copolymer Polymer constructed of two or more different monomers LDPE Low Density Polyethylene TRIPOD A software based method of investigating the cause of accidents TROIF (Total Reportable Occupational Illness Frequency) Total reportable occupational illness frequency per one million hours worked Hazardous wastes Wastes showing one or more of the features listed in Annex 2 of Act XLIII of 2000, or containing such substances or components and representing a health or environmental hazard because of origin, composition or concentration. VOC Organic compounds volatile at room temperature, hydrocarbons 140 TVK Annual Report 2010 141
Shareholder information Head office Tisza Chemical Group Public Limited Company (TVK Plc.) Registered office: 3581 Tiszaújváros, TVK-Ipartelep, TVK Head Office, Lot number 2119/3 Building 136, Hungary Mailing address: H-3581 Tiszaújváros, P.O.Box 20, Hungary Central phone: +36 49/522-222 Central fax: +36 49/521-322 E-mail: tvkinfo@tvk.hu Web-site: www.tvk.hu For disclosures to investors, Annual Reports, Flash Reports, financial figures contact Tisza Chemical Group Public Limited Company (TVK Plc.) H-3581 Tiszaújváros, P.O.Box 20, Hungary Phone: +36 1/464-1163 Fax: +36 1/464-1335 E-mail: bki@tvk.hu For information on shares, share administration, share registration contact Tisza Chemical Group Public Limited Company (TVK Plc.) H-3581 Tiszaújváros, P.O.Box 20, Hungary Phone: +36 49/522-377 Fax: +36 49/521-903 E-mail: reszvenyiroda@tvk.hu STATEMENT OF RESPONSIBLITY to be attached to the 2010 Annual Report of Tisza Chemical Group Public Limited Company We the undersigned representatives of Tisza Chemical Group Public Limited Company (TVK Plc., Company), the issuer of TVK ordinary shares hereby declare that TVK Plc. takes full responsibility for the announced Annual Report of the Company for the year ended on 31 December 2010, which has been prepared to the best of our knowledge in accordance with International Financial Reporting Standards as endorsed by the European Union, and give a true and fair view of the assets, liabilities, financial position, and profit of TVK Plc. and its subsidiaries and presents a fair review of the position, development and performance of TVK Plc. and its subsidiaries together with a description of principal risks and uncertainties. Tiszaújváros, April 14, 2011 For information on trading the shares, contact Budapest Stock Exchange Ltd. H-1062 Budapest, Andrássy út 93. Phone: +36 1/429-6636 Fax: +36 1/429-6654 GDR information The Bank of New York Mellon Depositary Receipts Division 101 Barclay Street, 22nd floor New York, NY 10286, USA Tel: +1 212-815-3503 Fax: +1 212-571-3050 Árpád Olvasó Chief Executive Officer gyula Hodossy Deputy CEO Chief Financial Officer Place of publishing announcement In the context of the regulations on public limited companies, the Company shall publish its announcements at the places stipulated by the law and the stock exchange regulations, whereas the announcement stipulated by law in connection with the operation of the Company shall be published on the website of the Company (www.tvk.hu) on one occasion. Disclosure places: - the website of TVK at /www.tvk.hu/, - the website of the Budapest Stock Exchange at /www.bet.hu/ and - the website of the London Stock Exchange at /www.londonstockexchange.com/ - the website of Capital Market Disclosures, operated by PSZÁF at /www.kozzetetelek.hu/. Corporate governance 142 TVK Annual Report 2010 143
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TVK Annual Report 2010 TVK Annual R
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Review of the year of the year Revi
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Mission Our company offers petroche
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Chairman’s letter letter Review o
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usinesses Our businesses Our busine
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Consolidated Consolidated companies
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Polymer production The total polyme
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Financial and Financial and operati
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TVK Group consolidated audited figu
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Headcount Full Time Employees Decem
Page 21 and 22: This is a translation of the Hungar
Page 23 and 24: Consolidated income statement 31 De
Page 25 and 26: Consolidated subsidiaries Notes Not
Page 27 and 28: assets (including previously unreco
Page 29 and 30: comprehensive income. Impairment lo
Page 31 and 32: xix) Leases The determination wheth
Page 33 and 34: IFRS 3 Business Combinations Amendm
Page 35 and 36: 5. Property, plant and equipment Th
Page 37 and 38: 10. Other current assets Other curr
Page 39 and 40: 15. Provision for liabilities and c
Page 41 and 42: 23. Other operating expenses 25. In
Page 43 and 44: The net book value and fair value o
Page 45 and 46: 29. Related party transactions Tran
Page 47 and 48: Key Corporate Data Key Corporate Da
Page 49 and 50: Sustainability report report Sustai
Page 51 and 52: • The projects started in 2009 ha
Page 53 and 54: Future challenges 2011 Economic sus
Page 55 and 56: In order to implement the above TVK
Page 57 and 58: Fire safety Prevention of fire and
Page 59 and 60: Our sponsorship focuses on the regi
Page 61 and 62: Safety 2005 2006 2007 2008 2009 201
Page 63 and 64: the Annual General Meeting in 2006,
Page 65 and 66: Remuneration of the members of the
Page 67 and 68: 1. 5. 2. 3. 6. 1. MOSONYI, György
Page 69 and 70: KEMÉNYNÉ ÚJVÁRI, Ildikó Member
Page 71: TVK Plc. has no treasury shares. Sh
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TVK Annual Report 2010 (pdf, 2.5 MB)

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