Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

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financial report 2008 Short-term employee benefits include salaries (including social security contributions), bonuses earned during the year, car leases and other allowances where applicable. Director’s payments consist mainly of director’s fees (tantièmes). 31. Information on the auditor’s assignments and related fees Our statutory auditor is KPMG Bedrijfsrevisoren / Réviseurs d’Entreprises, represented by Ludo Ruysen, engagement partner. Fees for auditing the annual financial statements of Tessenderlo Chemie NV and its subsidiaries are ultimately determined by the general meeting of shareholders. Audit and audit related fees for 2008 in relation to services provided by KPMG Bedrijfsrevisoren amounted to 0.70 million EUR (2007 : 0.47 million EUR), which was composed of audit services for the annual financial statements of 0.39 million EUR (2007: 0.32 million EUR) and audit related services of 0.31 million EUR (2007: 0.15 million EUR). Audit related services mainly relate to services incurred in connection with consolidation and BPM. 162 Audit and other fees for 2008 in relation to services provided by other offices of the KPMG network amounted to 0.64 million EUR (2007: 0.55 million EUR)which was composed of audit services for the annual financial statements of 0.45 million EUR (2007: 0.47 million EUR), tax services of 0.19 million EUR (2007 : 0.08 million EUR) and audit related services of 0.0 million EUR (2007: 0.0 million EUR). 32. Subsequent events On January 7th 2009, Wymar International (Oeselgem, Belgium), a subsidiary of the Business Unit Profiles, in the Business Group Plastics Converting, has announced its intention to restructure its operations. The causes for this decision rest with the structural macroeconomic downturn on the various markets where Wymar operates, combined with the negative impact of the financial crisis on the investment behaviour of end consumers (new-build and renovation). These adverse market conditions are also being felt on the Central and Eastern European markets in particular. To safeguard the future of Wymar’s activities at its Oeselgem plant, it could be that redundancies cannot be ruled out. The current plan could translate in a loss of 46 jobs at Wymar International in Oeselgem. At this moment the financial impact of this restructuring of operations could not yet be determined reliably.
Tessenderlo Group 33. Consolidated companies Listed below are the most important Tessenderlo Group companies. A complete list of the Group companies is available at Tessenderlo Chemie NV, Troonstraat 130, 1050 Brussel. The total number of consolidated companies is 96. List of the most important consolidated companies on 31 December 2008 accounted for by the full consolidation method Europe Belgium Dyka Plastics NV 3900 Overpelt 100% Belgium Immo Watro SA 1050 Brussels 100% Belgium Limburgse Vinyl Maatschappij NV 1050 Brussels 100% Belgium Tessenderlo Chemie NV 1050 Brussels 100% Belgium Tessenderlo Chemie International NV 1050 Brussels 100% Belgium Tessenderlo Finance NV 1050 Brussels 100% Belgium Wymar International NV 8720 Oeselgem 100% Czech Republic Dyka s.r.o. 27361 Velka Dobra 100% France Akiolis Group SAS 72000 Le Mans 100% France Calaire Chimie SAS 62100 Calais 100% France Chemilyl SAS 59120 Loos 100% France Collectoco SAS 67220 Neubois 100% France Ets Caillaud SAS 61400 Saint-Langis-Les-Mortagne 100% France Ets. Point SAS 01440 Viriat 100% France France Gras SA 56300 Le Sourn 100% France Plastival SAS 25340 Clerval 100% France Produits Chimiques de Loos SAS 59120 Loos 100% France Profex SAS 62210 Avion 100% France Progilor-Bouvart SAS 55100 Charny sur Meuse 99.90% France Saplast SAS 67100 Strasbourg 100% France Société Artésienne de Vinyle SAS 59120 Loos 100% France Soleval SAS 61400 Saint-Langis-Les-Mortagne 100% France Soparcail SAS 61400 Saint-Langis-Les-Mortagne 100% France Sotra-Seperef SAS 69650 Quincieux 100% France SR Collecte SAS 67220 Neubois 100% France Tefipar SA 75009 Paris 100% France Thermoplastiques Cousin-Tessier SAS 85130 Tiffauges 100% France Union de la Boucherie Lyonnaise SA 69960 Corbas 94.20% Germany Dyka Gmbh 14513 Teltow 100% Germany PB Gelatins GmbH 31582 Nienburg/Weser 100% Italy Farchemia srl 24047 Treviglio (BG) 100% Italy Tessenderlo Italia srl 24047 Treviglio (BG) 100% Italy Tessenderlo Partecipazioni SpA 24047 Treviglio (BG) 100% Luxembourg Térélux SA GD 2633 Luxembourg 100% Poland Dyka Polska Sp.zo.o. 55-221 Jecz-Laskowice 100% Poland T.C.T. Polska Sp.zo.o. 96-500 Sochaczew 100% Poland Wymar Polska Sp.zo.o 62-100 Wagrowiec 100% Switzerland Tessenderlo Schweiz AG 5330 Zurzach 100% The Netherlands Dyka BV 8331 LJ Steenwijk 100% The Netherlands Tessenderlo NL Holding BV 4854 MT Bavel 100% The Netherlands LVM Limburg BV 6167 RZ Geleen 100% The Netherlands Nyloplast Europe BV 3295KG s-Gravendeel 100% 163
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annual report 2008 MAKING IT SUCCEE
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annual report 2008 The group in a f
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Tessenderlo Group Summary 1 The gro
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Tessenderlo Group ROCE (%) Net fina
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Tessenderlo Group Distribution of t
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Tessenderlo Group Financial calenda
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To find out what our customers exac
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Tessenderlo Group The Specialities
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The products and services of Tessen
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Tessenderlo Group bags, water treat
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Tessenderlo Group Tessenderlo Group
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Tessenderlo Group 4 22 7 5 1 2 3 Gr
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Tessenderlo Group TESSENDERLO PARTI
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Tessenderlo Group Ferric chloride C
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Tessenderlo Group looks ahead. Ever
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Tessenderlo Group acquisition enabl
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Tessenderlo Group Key figures 2008
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Tessenderlo Group The range of fert
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Tessenderlo Group Strategy and pros
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Tessenderlo Group PVC / Chlor-Alkal
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Tessenderlo Group Chlor-Alkali / PV
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Tessenderlo Group site. Completion
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Tessenderlo Group • In December,
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Tessenderlo Group in Montreal was c
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Tessenderlo Group for draining sewa
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Tessenderlo Group The so-called bia
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Tessenderlo Group pressure than tho
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Tessenderlo Group undoubtedly be fe
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Tessenderlo Group their purchases i
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Tessenderlo Group the company, the
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Tessenderlo Group • In the new ec
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Tessenderlo Group demand. This mean
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Tessenderlo Group Diversification t
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Tessenderlo Group Restructuring eff
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Sustainable entrepreneurship is an
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Tessenderlo Group • to detect and
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Tessenderlo Group Organisation Desi
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Tessenderlo Group Product stewardsh
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Tessenderlo Group These preparation
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Tessenderlo Group Outlook for 2009
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Tessenderlo Group Corporate Governa
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Tessenderlo Group proposals concern
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Tessenderlo Group on and assisting
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Tessenderlo Group composed as follo
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Tessenderlo Group Policy on inside
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Tessenderlo Group inspires confiden
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Tessenderlo Group The total number
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Tessenderlo Group Full financial an
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Tessenderlo Group Return on dividen
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Co-operation means working together
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Tessenderlo Group CONSOLIDATED STAT
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Tessenderlo Group CONSOLIDATED CASH
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Tessenderlo Group 1. Summary of sig
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Tessenderlo Group • Exchange rate
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Tessenderlo Group (G) Property, pla
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Page 129 and 130: Tessenderlo Group The table below s
Page 131 and 132: Tessenderlo Group 5. Non-recurring
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Page 137 and 138: Tessenderlo Group Land and building
Page 139 and 140: Tessenderlo Group ACQUISITION COST
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Page 143 and 144: Tessenderlo Group The carrying amou
Page 145 and 146: Tessenderlo Group 16. Trade and oth
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Page 155 and 156: Tessenderlo Group A new share based
Page 157 and 158: Tessenderlo Group 26 Financial inst
Page 159 and 160: Tessenderlo Group The aging of trad
Page 161 and 162: Tessenderlo Group 2007 Carrying amo
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Page 165: Tessenderlo Group allowances per ye
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Page 173 and 174: Tessenderlo Group Profit and loss s
Page 175 and 176: Tessenderlo Group Excerpt from the
Page 177 and 178: Tessenderlo Group Plastics Converti
Page 179 and 180: Addresses TESSENDERLO GROUP General
Page 181 and 182: Tessenderlo Group LVM Limburg B.V.
Page 183 and 184: Tessenderlo Group CTS - SAPLAST SAS
Page 185 and 186: Tessenderlo Group Index page Accoun
Page 187 and 188: Tessenderlo Group Non-recurring ite
Page 189 and 190: www.tessenderlogroup.com
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Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

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