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

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Research and developmenta number of applications, particularly in theconstruction, farming and forestry industries.Product development in the starch division forconstruction and ceramicsWe have succeeded in developing a product line formanufacturing modified starches for dispersioncolours. Normally, high-priced cellulose ether is usedfor dispersion colours. The market launch is foreseenwhen the new coating line starts operating at Gmünd.This is a new application for modified starches.Rice ingredients as a new field of developmentThe integration of Remy Industries, which producesrice-based ingredients such as rice flours, starch andproteins, has substantially strengthened developmentin the areas of bakeries, cheese and all-vegetablerecipes. Furthermore, combined products,incorporating rice starch and inulin, are also beingdeveloped for new applications.FructaneThe fructane research and development activities,including inulin and fructo-oligosaccharide, arelocated in Belgium. Application tests of two newproducts, RAFTILOSE®Synergy1 and RAFTILINE®HPX,show considerable technological advantages,including for fat and cheese spreads.Food additives developed especially for the endconsumermarket, covered under the overall title of“Innergy Food”, are initially sold in Belgium andinclude Optimal Inside (RAFTILOSE®Synergy1 insmall portion sticks), Take 2 (tablets withRAFTILOSE®Synergy1, calcium and orange fibre)and Active Fiber (powder from RAFTILOSE®Synergy1and orange fibre).In the nutritional research area, studies are beingcarried out on the effects of inulin and oligofructoseproducts on bone mineralisation and calciumreabsorption. Further objectives relate to possibleprotective effects from intestinal cancer, modulationof the immune system, lipid metabolism and overallwellness. As a further step, there have beenexaminations on the impact of RAFTILOSE®Synergy1on the overall health of elderly persons. Part of thesestudies was supported by the EU-subsidised SYNCANproject, co-ordinated by ORAFTI. The database ofpositive health effects of fructanes was furtherexpanded with these studies.Development of new fondant productsFondant comes from the French word "fondre"which means "melt" and thus demonstratesthe prime quality characteristic of the product:microscopic crystals for gentle melting.Snow-white fondant is produced from refinedsugar and glucose syrup, a sugar base makingwork considerably easier for the user, as it can beprocessed to form attractive glazes in little time.For production, a hot, supersaturated solution isstirred and intensively mixed under rapid cooling,so forming a large number of fine saccharinecrystals. This process is known as tabling, referringto the traditional method of making fondant witha spatula on a cooled marble slab. Today, tablingis carried out continuously on turntables underpre-defined conditions, guaranteeing constantgood quality.F-76
Fondants and glazes from <strong>Südzucker</strong> meet all therequirements for sweetening, decorating, filling andpreserving bakery products. Due to their finecrystallised structure, the confectionery industry alsooften uses them for fondant confectionery, chocolatebar fillings, soft caramels and chewing pellets.Various mixing techniques for different fondantadditives, such as cocoa, fat, aroma and colours, areused in production at Ochsenfurt, Oostkamp andEdinburgh. A number of new developments, usingindividual recipes and optimisation of productionprocesses, has expanded the product range overthe past years. Above all, for the constantly growingmarket for industrial ready-made bakery products,glazes with optimal processing and storage qualitiesand of high quality are developed to meet specificcustomer requirements.F-77
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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
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1.6 Provision for pensionsPension p
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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 and 148: PersonnelNumber of employees declin
Page 151: department. Introduction of this te
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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