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

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SÜDZUCKER GROUPCONSOLIDATED STATEMENTS OF INCOME FOR THE FINANCIALYEARSENDED FEBRUARY 28, 2003, 2002, AND 20011.3.2002 –28.2.20031.3.2001 –28.2.2002(5 million)1.3.2000 –28.2.2001Sales .......................................... 4,383.8 4,776.1 4,664.0Change in work in process and finished goodsinventories and internal costs capitalized . . . . . . . . . 24.9 (74.5) 92.1Other operating income . . . . . . . . . . . . . . . . . . . . . . . . . 129.9 150.3 207.8Cost of materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,702.1) (2,595.3) (2,592.6)Personnel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (526.0) (684.3) (728.0)Depreciation (excluding goodwill) . . . . . . . . . . . . . . . . . (189.2) (220.2) (243.2)Other operating expenses . . . . . . . . . . . . . . . . . . . . . . . . (601.1) (887.0) (1,008.5)Operating profit ................................ 520.3 465.1 391.6Restructuring costs and other items . . . . . . . . . . . . . . . (33.0) (3.1) (42.8)Amortisation of goodwill . . . . . . . . . . . . . . . . . . . . . . . . (72.5) (29.9) (30.9)Income from ordinary operating activities .......... 414.8 432.1 317.9Financial expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . (41.1) (44.2) (53.7)Earnings before income taxes .................... 373.7 387.9 264.2Taxes on income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (58.3) (106.8) (54.9)Net earnings for the year ......................... 315.4 281.1 209.3Minority interests’ share of net earnings . . . . . . . . . . . (56.0) (49.2) (21.4)Net earnings for the year after minority interests .... 259.4 231.9 187.95/shareEarnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.52 1.45 1.30F-2
SÜDZUCKER GROUPCONSOLIDATED BALANCE SHEETSAS OF FEBRUARY 28, 2003, 2002, AND 200128.2.2003 28.2.2002 28.2.2001(5 million)ASSETSIntangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,271.4 1,294.4 347.1Tangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,607.4 1,588.2 1,718.8Financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 357.9 420.2 321.2Non-current assets .............................. 3,236.7 3,302.8 2,387.1Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,557.6 1,508.1 1,390.4Receivables and other assets . . . . . . . . . . . . . . . . . . . . . 592.4 596.1 571.2Securities and cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 427.5 428.9 574.6Current assets .................................. 2,577.6 2,533.1 2,536.2Deferred tax assets .............................. 11.4 7.4 24.0Total assets .................................... 5,825.7 5,843.3 4,947.3LIABILITIES AND SHAREHOLDERS’ EQUITYSubscribed capital of Südzucker AG . . . . . . . . . . . . . . . 174.8 174.8 143.0Capital reserves of Südzucker AG . . . . . . . . . . . . . . . . . 938.3 938.3 588.7Revenue reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 712.1 529.4 629.71,825.2 1,642.5 1,361.4Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395.8 367.4 341.6Shareholders’ equity ............................ 2,221.0 2,009.9 1,703.0Provisions for pensions . . . . . . . . . . . . . . . . . . . . . . . . . . 369.1 366.2 358.3Deferred tax liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 342.7 393.9 365.8Other provisions and accrued liabilities . . . . . . . . . . . . 607.0 675.9 456.1Total provisions and accrued liabilities ............. 1,318.8 1,436.0 1,180.2Financial liabilities .............................. 1,435.7 1,570.9 1,174.4Other liabilities ................................. 850.2 826.5 889.7Total liabilities and shareholders’ equity ........... 5,825.7 5,843.3 4,947.3F-3
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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
Page 27 and 28: Balkans. The LDC-regulation propose
Page 29 and 30: the Belgium sugar factory, was more
Page 31 and 32: in France could be extended, partic
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Page 35 and 36: frozen food segment. NestlØ acquir
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Page 39 and 40: inhaber gezahlt. Zahlungen an Clear
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Page 63 and 64: 8. Dezember 2003Südzucker Internat
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Page 67 and 68: Disclosure RequirementThe German Se
Page 69 and 70: TaxationThe following summary of ce
Page 71 and 72: notes (Kapitalertragsteuer auf Zins
Page 73 and 74: shareholding will only be deductibl
Page 75 and 76: Index to Financial StatementsThe ma
Page 77: SÜDZUCKER AG MANNHEIM/OCHSENFURTCO
Page 81 and 82: STATEMENTS OF MOVEMENTS IN SHAREHOL
Page 83 and 84: FINANCIALYEARS ENDED FEBRUARY 28, 2
Page 85 and 86: Balance at1.3.2001Change incompanie
Page 87 and 88: Balance at1.3.2000Change incompanie
Page 89 and 90: The shareholdings in AGRANA Beteili
Page 91 and 92: III. Foreign currency translationAs
Page 93 and 94: Receivables in current assets are s
Page 95 and 96: Financial assetsA list of all share
Page 97 and 98: 1.6 Provision for pensionsPension p
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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
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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
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Recommendation on appropriation of
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French sugar producer, and the sale
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[This page was intentionally left b
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Global and EU marketdevelopments12.
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an overall production levy on B-sug
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under cultivation in Poland for the
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Sales volumes for the six Polish fa
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Customer care is applied by using a
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PersonnelNumber of employees declin
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department. Introduction of this te
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Fondants and glazes from Südzucker
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Risks for future developmentsSüdzu
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SÜDZUCKER AG MANNHEIM/OCHSENFURTIN
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GROUP BALANCE SHEETD million August
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STATEMENT OF CASH FLOWSD million1st
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Changes in the Supervisory and Exec
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Südzucker International Finance B.
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BALANCE SHEETS AS OF FEBRUARY 28, 2
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5 Receivables from affiliated compa
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11 Payable to tax authorities28 Feb
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DIRECTOR'S REPORT FOR THE FINANCIAL
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SÜDZUCKER INTERNATIONAL FINANCE B.
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PROFIT AND LOSS ACCOUNTFOR THE FIRS
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Balance sheet4 Receivables from aff
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Aufgrund des vorstehenden Prospekts
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