Annual Report

ASTARTA HOLDING N.V. Annual Report 2011Global CompactASTARTA is committed to implement transparency and corporate responsibility standards inall areas of business operations. To comply with this commitment, the Group joined theGlobal Compact of the United Nations and is an active part of it.The Global Compact is a voluntary international network involving the private sector andother social agents. Its goal is to advance responsible corporate citizenship as defined in its10 principles covering human rights, labor rights, fighting corruption and environmentalresponsibility. These underlying principles are borrowed from the Universal Declaration ofHuman Rights, fundamental ILO principles with regard to the right to work, and Rioprinciples of environment protection and development. The ultimate objective of the GlobalCompact is to further develop common values to impart a “human face” to global business.Since January 2008, ASTARTA voluntarily took the liabilities to support the UN GlobalCompact initiative and to develop under the principles of social responsibility. In accordancewith its obligations, in January 2010 and 2012, ASTARTA published reports "Communicationon Progress" for 2008-2009 and for 2010-2011, that were prepared within the frameworkof the UN GC membership. These reports are available at ASTARTA web site.Certification processBy December 2011, Astarta-Kiev (head-office) and Narkevychi sugar plant confirmed thattheir management system corresponds to the international standard 14001:2004"Environmental management systems". Implementation process of environmentalmanagement system included determination and documentation of fundamental businessprocesses,technology, infrastructure management and ecological management processes.ASTARTA's management initiated development and introduction of corporate integratedenvironmental management system in accordance with the standard ISO 14001:2004,proving a high level of responsibility towards employees, society, consumers and otherstockholders.Material Factors and EventsMaterial Factors and Events in 2011Acquisition of SubsidiariesOn 4 February 2011, Astarta-Kyiv acquired the corporate rights with 98% stake in theLLC “Tarasivske” (Kharkiv region).On 11 February 2011, Astarta-Kyiv acquired the corporate rights with 100% stake in theLLC “Nika” (Kharkiv region).On 21 February 2011, Astarta-Kyiv increased its share with 75% stake in the LLC“Zhytnytsya Podillya”.On 25 February 2011, Astarta-Kyiv acquired the corporate rights with 100% stake in thePC “Valmer” (Kharkiv region).On 31 March 2011, Astarta-Kyiv increased its share with 100% stake in the company“Zdobutok”.On 31 March 2011, Astarta-Kyiv increased its share in the LLC “Chervona Zirka” to100%.28