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

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SEGMENT REPORTINGD million 2nd quarter* 1st half year**2003/04 2002/03 2003/04 2002/03Sales 1,114.3 1,016.2 2,238.9 2,174.0Sugar 844.5 775.7 1,655.1 1,664.6Specialities 269.8 240.5 583.8 509.4Operating profit 118.4 121.3 232.4 235.0Sugar 92.2 97.1 167.5 182.3Specialities 26.2 24.2 64.9 52.7Operating margin 10.6 % 11.9 % 10.4 % 10.8 %Sugar 10.9 % 12.5 % 10.1 % 11.0 %Specialities 9.7 % 10.1 % 11.1 % 10.3 %Capital expenditure 67.5 53.9 168.3 92.4Sugar 39.9 35.7 129.2 59.7Specialities 27.6 18.2 39.1 32.7Average number of employees 16,250 12,968Sugar 12,770 9,795Specialities 3,480 3,173InvestmentsInvestments in tangible assets in the first half of 2003/04 totalledD 168.3 (PY: D 92.4 million). The increased investments in theSugar segment resulted largely from the SLS acquisition of BéghinSay’s sugar quota of 67,000 t.EmployeesIn the first half year 2003/04, the average number of employeesincreased year-on-year by 3,282 to 16,250. This is predominantlydue to the consolidation of the Silesian sugar factories and ValløSaft.***1 June to 31 August1 March to 31 AugustF-86
Changes in the Supervisory and Executive boardWith the end of the Annual General Meeting on 31 July 2003,Dr. Ulrich Weiss, Kronberg, retired from the Supervisory Board. Inhis place Mr Erwin Hameseder, Vienna, was elected to the SupervisoryBoard. Dr. Weiss had been a member of the SupervisoryBoard since October 1985. Until 1987 he was Chairman of theSupervisory Board, since then Vice Chairman of the SupervisoryBoard. Dr. Weiss was a member of the Presidential Committee ofthe Supervisory Board - and the Mediation Committee and wasChairman of the Social Committee. Mr Hameseder took a lawdegree at Vienna University. He is the chairman of Raiffeisen-Holding Niederösterreich-Wien.As of 1 September 2003, Prof. Markwart Kunz was appointed asa member of the Executive board. He succeeds Dr. Klaus Korn,who is retiring. On the <strong>Südzucker</strong> <strong>AG</strong> Mannheim/Ochsenfurt,Mannheim Executive board Prof. Kunz is responsible for Production/Engineering, Special products, R & D as well as purchasing forcapital goods and maintenance materials. He has been anemployee of the company since 1978, with responsibility forResearch/Development/Services since 1992. Since 1997 he hasalso been responsible for Sugar/Special Products.Important datesReport 3rd quarter 2003/0415 January 2004Accounting press conference and analysts’ conference2003/04 financial year26 May 2004Report 1st quarter 2004/0515 July 2004Annual General Meeting2003/04 financial year29 July 2004Report 2nd quarter 2004/0515 October 2004F-87
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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
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Financial instruments are normally
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Fair value is the amount that the S
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2.4 Cost of materials2002/03 2001/0
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2.8 Restructuring costs and other i
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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 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: STATEMENT OF CASH FLOWSD million1st
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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