Annual Report

More documents

Recommendations

Info

ASTARTA HOLDING N.V. Annual Report 2011the Company. Such appointment is in accordance with Article 16 paragraph 3 of the Articlesof Association.At the same meeting of shareholders Mr. Sergiy Kontiruk, the Corporate Secretary andCompliance Officer of the Company, was reappointed as the person that will be temporarilycharged with the management of the Company when all Directors are absent or unable toact. Such appointment is in accordance with Article 19 of the Articles of Association.CThe DirectorsThe Company has a profile for its Directors, which indicates the size and composition of theBoard of Directors, the activities and expertise and background of the Directors. The Profileof the Board of Directors can be viewed on the Company’s website (www.astarholding.com).The Board of Directors of the Company is formed by persons who have appropriate educationand long-term practice in different spheres what helps them to make balanced decisions.The Board of Directors is formed by the following persons:VIKTOR IVANCHYK (born in 1956, male)Executive Director A, Chief Executive Officer, Ukrainian nationalityViktor Ivanchyk serves as an Executive Director A with the Company and as the ChiefExecutive Officer since the Company’s incorporation.Prior to founding Astarta-Kyiv in 1993, he worked for the Kyiv Aviation Industrial Association(KiAPO) and then served at the state service. In 1993 he founded Astarta-Kyiv, which theGeneral Director he has been since then.In 2005 he became a Deputy Chairman of the Counsel of the National Association of SugarProducers of Ukraine “Ukrtsukor” and in 2007 a member of Presidium of Ukrainian AgrarianConfederation.Mr. Ivanchyk has, in the previous five years, been a member of the governing bodies of thefollowing entities: Firm Astarta-Center OJSC and Poltavarybgosp OJSC. Mr. Ivanchyk is stillholding the position in Firm Astarta-Center OJSC.He graduated from Kharkiv Aviation Institute named after N. E. Zhukovsky (1979) and fromthe French Business School in Toulouse (1994). In 2007 he graduated from the InternationalManagement Institute (IMI Kyiv) on a Senior Executive MBA Programme.Shares owned in the Company: 9,246,883 shares in the Company held through a Cypriotholding company named Albacon Ventures Ltd.PETRO RYBIN (born in 1956, male)Executive Director A, Chief Operating and Financial Officer, Ukrainian nationalityPetro Rybin serves as an Executive Director A with the Company since its incorporation.38
ASTARTA HOLDING N.V. Annual Report 2011Prior to joining us, Mr. Rybin worked for the Kyiv Aviation Industrial Association (KiAPO)(1982-1989) and held position of a deputy Director and then Director of youth scientifictechnicalcenter “Alternative” (1989-1996).In 1996 Mr. Rybin joined us and since that time he has worked on various positions in LLCFirm “Astarta-Kyiv”.Mr. Rybin has, in the previous five years, been a member of the governing bodies of thefollowing entities: LLC Trade House “APO Tsukrovyk Poltavshyny” and LLC “APO TsukrovykPoltavshyny”, OJSC. Mr. Rybin is still holding the position in CJSC “APO TsukrovykPoltavshyny”.He graduated from Dnipropetrovsk State University in 1980 and from All-Soviet UnionFinancial and Economic Institute (1991). In 2005 he took a course on asset management inthe Ukrainian institute for stock market development. In 2007 he graduated fromInternational Management Institute (IMI Kyiv) on a Senior Executive MBA Program.Shares owned in the Company: 0.MARC VAN CAMPEN (born in 1944, male)Executive Director B, Chief Corporate Officer, Dutch nationalityMarc van Campen serves as an Executive Director B with the Company since itsincorporation.Prior to joining us, Mr. Van Campen served in several positions with Océ Van der Grinten N.V.and most recently, until 2002, as a general counsel of NBM-Amstelland N.V. a Dutchcompany listed on the Amsterdam Stock Exchange and at that time one of the largestcompanies in the Netherlands in the field of construction and project development.Mr. van Campen has, in the previous five years, been Director at Montferland Beheer BV andVoorgrond Beheer BV at Schoonhoven (NL), Director at Nice Group BV, Amsterdam, Directorat GMT (PEP Com) BV, Amsterdam, Director at Ovostar Union NV, Amsterdam, quoted on theWarsaw Stock Exchange, Director at Do It Yourself (DIY) Orange Holding NV, Amsterdam,Director of the European subsidiaries (outside Italy) of Salvatore Ferragamo SpA at Florence,Italy and Director of Lugo Terminal Srl at Lugo, Italy.Mr. van Campen is still holding the positions in the following entities: Montferland Beheer BV,Ovostar Union NV, Do It Yourself (DIY) Orange Holding NV, Salvatore Ferragamo SpA and LugoTerminal Srl.He graduated with a master’s in law from the University of Nijmegen in 1968.Shares owned in the Company: 0.VALERY KOROTKOV (born in 1963, male)Non-Executive Director C, Chairman of the Board of Directors, Russian and British citizen39
Page 2 and 3: ASTARTA HOLDING N.V. Annual Report
Page 6 and 7: Report of the Board of Directorson
Page 56 and 57: СonsolidatedFinancial Statements
Page 58 and 59: Astarta Holding N.V.Consolidated fi
Page 74 and 75: Astarta Holding N.V.Astarta Holding
Page 84 and 85: (l)Astarta Holding N.V.Astarta Hold
Page 88 and 89:
Astarta Holding N.V.Astarta Holding
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Astarta Holding N.V.Consolidated fi
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
9 INVENTORIESInventories as at 31 D
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
The terms and repayment schedule fo
Page 116 and 117:
Page 118 and 119:
20 COST OF REVENUESAstarta Holding
Page 120 and 121:
24 SELLING AND DISTRIBUTION EXPENSE
Page 122 and 123:
28 OTHER INCOMEOther income for the
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Astarta Holding N.V.Company financi
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 160 and 161:
ASTARTA HOLDING N.V. Annual Report
Page 162:
Viktor Ivanchyk, ASTARTA Holding N.
show all

Annual Report

Create successful ePaper yourself

Delete template?

Save as template?