Südzucker International Finance B. V. Südzucker AG ... - Xetra

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Capital expendituresCapital expenditures for tangible and intangible noncurrentassets in the group amounted to D 207 million(D 178 million excluding Schöller) in 2002/03.Approximately two-thirds of the capital expendituresrelated to new products and to expansion andrationalisation measures. Capital expenditures forreplacements took up 31 % of the budget, and3 % were used for purely environmental measures.65 % of capital expenditures, totaling D 135 million(D 102 million), related to the sugar segmentand 35 %, or D 72 million (D 77 million excludingSchöller), to the special products segment.Sugar segmentIn the sugar segment, and in connection with theclosure of the Delitzsch and Zeil works, steps weretaken to stabilise processing capacity and improvewarehousing capacity at those Südzucker AG andSüdzucker GmbH works which took over the beetpreviously processed at the Delitzsch and Zeil factories.Warehouse capacity in Südzucker GmbH’s area ofoperations was increased by adding a new sugarwarehouse at Brottewitz for storing 3,500 tonnesof crystallized sugar and a 20,000 m 3 syrup tank atZeitz. Some of the plant at the Delitzsch works wastransferred to the Brottewitz, Zeitz and Plattlingfactories. At the Rain factory, a non-stop plant toimprove white sugar crystallization started operationsand sugar warehousing capacity was improved byextending the high-bay warehouse. Unloadingequipment for self-tipping beet vehicles was installedin the beet yards at Ochsenfurt, Wabern andRegensburg. The boiler house automation systemswere renewed at the Ochsenfurt, Groß-Gerau andWabern works and construction of a newconditioning and silo de-dusting plant wascompleted at the Offstein works.The largest single capital expenditure at RaffinerieTirlemontoise was the start of operations for a newsix-step steam station at the Wanze works. Plannedenergy savings and syrup quality improvements wereachieved. At the Tienen works the viewing stationwas expanded to meet customer demands relating tocrystal fractionation. Capital expenditures atBrugelette were aimed at improving extraction workand the processing control system was renewed atGenappe.Capital expenditures at Saint Louis Sucre weremainly made to meet new French safety regulations.Capital expenditures at AGRANA were primarilyinvested at its Tulln works in Austria. A betaneprocessing plant improved the molasses sugarextraction process. Beet yard performance wasincreased by a stone-separating drum, whereas theinstallation of a combi-packing machine for 500 gand 1 kg packages improved flexibility. Capitalexpenditures at the Hohenau and Leopoldsdorfworks were incurred in the sugar house, with newwhite sugar centrifuges, heating chambers forboiling plant and cool air ventilators for the sugardrying equipment.Capital expenditures in Poland and Moldova servedprimarily to reduce energy consumption and increaseproductivity.Special products segmentIn line with the broad range of business activitiesincluded in this segment, capital expenditures weredivided amongst many of these companies. Capitalexpenditures mainly served to expand Palatinit andORAFTI capacity in order to meet the needs of arapidly growing market. This also applies to capitalexpenditures in the starch division.F-72
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(2) it has only communicated or cau
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Summary of the Conditions of the Bo
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or therein having power to tax, unl
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Südzucker International Finance B.
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Südzucker Aktiengesellschaft Mannh
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Jörg Lindner (*)Ulrich MüllerEric
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Memberships of comparable domestic
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General MeetingThe general meeting
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Regulation and Market DevelopmentsC
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Balkans. The LDC-regulation propose
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the Belgium sugar factory, was more
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in France could be extended, partic
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confectionery sector for products s
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frozen food segment. NestlØ acquir
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Südzucker International Finance B.
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inhaber gezahlt. Zahlungen an Clear
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des am letzten Handelstag dieses Ka
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setzungen an einem Tag erfüllt sin
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„SP o “ die Xetra-Notierung am
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Für Zwecke dieses § 10 werden auf
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Anleihebedingungen zahlbaren Beträ
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(4) Wirksamkeit. Im Fall des § 14(
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„Kontrolle“ bedeutet (i) direkt
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die am Ausstellungstag dieser Besch
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lichkeiten der Garantin und hat min
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Anleihebedingungen (insbesondere ge
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§3(Sicherungsabtretung)(1) Die Anl
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8. Dezember 2003Südzucker Internat
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Schuldverschreibungen und aus diese
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Disclosure RequirementThe German Se
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TaxationThe following summary of ce
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notes (Kapitalertragsteuer auf Zins
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shareholding will only be deductibl
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Index to Financial StatementsThe ma
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SÜDZUCKER AG MANNHEIM/OCHSENFURTCO
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SÜDZUCKER GROUPCONSOLIDATED BALANC
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STATEMENTS OF MOVEMENTS IN SHAREHOL
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FINANCIALYEARS ENDED FEBRUARY 28, 2
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Balance at1.3.2001Change incompanie
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Balance at1.3.2000Change incompanie
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The shareholdings in AGRANA Beteili
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III. Foreign currency translationAs
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Receivables in current assets are s
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Financial assetsA list of all share
Page 97 and 98: 1.6 Provision for pensionsPension p
Page 99 and 100: Provisions for other uncertain liab
Page 101 and 102: Financial instruments are normally
Page 103 and 104: Fair value is the amount that the S
Page 105 and 106: 2.4 Cost of materials2002/03 2001/0
Page 107 and 108: 2.8 Restructuring costs and other i
Page 109 and 110: Reconciliation of earnings before i
Page 111 and 112: VII. Segment reporting1. Business s
Page 113 and 114: VIII. Other notes1. Related parties
Page 115 and 116: Rolf Bucher*OffenauMember of the wo
Page 117 and 118: Executive boardDr. Theo Spettmann (
Page 119 and 120: Südzucker IndirectLocation Country
Page 121 and 122: [This page was intentionally left b
Page 123 and 124: profitability. Our research and dev
Page 125 and 126: eet and grain, from which energy-sa
Page 127 and 128: Change in operating profitin D mill
Page 129 and 130: Recommendation on appropriation of
Page 131 and 132: French sugar producer, and the sale
Page 135 and 136: Global and EU marketdevelopments12.
Page 137 and 138: an overall production levy on B-sug
Page 139 and 140: under cultivation in Poland for the
Page 141 and 142: Sales volumes for the six Polish fa
Page 145 and 146: Customer care is applied by using a
Page 147: PersonnelNumber of employees declin
Page 151 and 152: department. Introduction of this te
Page 153 and 154: Fondants and glazes from Südzucker
Page 155 and 156: Risks for future developmentsSüdzu
Page 157 and 158: SÜDZUCKER AG MANNHEIM/OCHSENFURTIN
Page 159 and 160: GROUP BALANCE SHEETD million August
Page 161 and 162: STATEMENT OF CASH FLOWSD million1st
Page 163 and 164: Changes in the Supervisory and Exec
Page 165 and 166: Südzucker International Finance B.
Page 167 and 168: BALANCE SHEETS AS OF FEBRUARY 28, 2
Page 169 and 170: 5 Receivables from affiliated compa
Page 171 and 172: 11 Payable to tax authorities28 Feb
Page 173 and 174: DIRECTOR'S REPORT FOR THE FINANCIAL
Page 175 and 176: SÜDZUCKER INTERNATIONAL FINANCE B.
Page 177 and 178: PROFIT AND LOSS ACCOUNTFOR THE FIRS
Page 179 and 180: Balance sheet4 Receivables from aff
Page 181: Aufgrund des vorstehenden Prospekts
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Südzucker International Finance B. V. Südzucker AG ... - Xetra

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