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

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SÜDZUCKER GROUPCONSOLIDATED STATEMENTS OF CASH FLOW FOR THE FINANCIALYEARS ENDEDFEBRUARY 28, 2003, 2002, AND 20012002/03 2001/02 2000/01(5 million)Group net earnings for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 315.4 281.1 209.3Depreciation of non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . 264.6 463.2 287.0Write-ups of non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.5) (5.4) (0.8)Decrease in medium-term and long-term provisions andaccruals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7.6) (33.6) (12.8)Other expenses not using cash/gain on disposals of financialassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.3 (154.3) 15.2Gross cashflow from operating activities ................... 580.2 551.0 497.9Gain on disposals of items included in non-current assets . . . . (54.5) (9.4) (7.1)Increase/Decrease(-) in short-term provisions and accruals . . . . (117.9) 134.6 (48.7)Increase in inventories, receivables and other assets . . . . . . . . . (6.2) (42.4) (156.6)Increase/Decrease in liabilities (excluding financial liabilities) . 6.9 (224.0) 54.9Net cash flow from operating activities .................... 408.5 409.8 340.4Cash received on disposals of items included in non-currentassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.3 456.4 36.4Capital expendituresTangible and intangible non-current assets . . . . . . . . . . . . . . . (206.5) (218.8) (214.5)Financial assets, including acquisitions of consolidatedsubsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (45.8) (1,670.5) (37.0)Cash included in acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (44.3) (56.9) 3.5Net cash flow from investing activities ..................... (160.3) (1,489.8) (211.6)Net cash flow from operating activities and from investingactivities ............................................. 248.2 (1,080.0) 128.8Capital increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0 549.4 68.1Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (119.8) (233.1) (145.4)Treasury shares acquired and re-issued . . . . . . . . . . . . . . . . . . . . 19.4 (3.3) (9.3)Bonds issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.0 500.0 300.0Receipt/repayment of financial liabilities . . . . . . . . . . . . . . . . . . . . (147.5) 120.5 (129.9)Cash flow from financing activities ........................ (247.9) 933.5 83.5Change in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . 0.3 (146.5) 212.3Effect of exchange rate changes on cash and cash equivalents (1.7) 0.8 0.6Cash and cash equivalents at the beginning of the year . . . . . . . 428.9 574.6 361.7Cash and cash equivalents at the end of the year ............ 427.5 428.9 574.6of which: cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206.6 303.9 189.9of which: other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220.9 125.0 384.7F-4
STATEMENTS OF MOVEMENTS IN SHAREHOLDERS’ EQUITYFOR THE FINANCIALYEARS ENDED FEBRUARY 28, 2003, 2002, AND 2001INCLUDING MINORITY INTERESTSBalance at1.3.2002Netearningsfor theyearCapitalincreases(5 million)ExchangeratechangesOtherchangesBalance at28.2.2003Subscribed capital ofSüdzucker AG . . . . . . . . . . . . . . . . 174.8 174.8Capital reserve of Südzucker AG . . 938.3 938.3Revenue Reserves . . . . . . . . . . . . . . 529.4 259.4 (81.4) 0.0 11.7 712.1Revenue reserves ............. 534.0 259.4 (81.4) 18.4 730.4Fair value reserve ............. (1.3) (6.7) (8.0)Accumulated foreign currencytranslation differences ....... (3.3) (7.0) 0.0 (10.3)Minority interests . . . . . . . . . . . . . . . 367.4 56.0 (38.5) (4.7) 15.6 395.82,009.9 315.4 (119.9) 0.0 (11.7) 27.3 2,221.0Balance at1.3.2001Netearningsfor theyearCapitalincreases(5 million)ExchangeratechangesOtherchangesBalance at28.2.2002Subscribed capital ofSüdzucker AG . . . . . . . . . . . . . . . . 143.0 31.8 174.8Capital reserve of Südzucker AG . . 588.7 349.6 938.3Revenue Reserves . . . . . . . . . . . . . . 629.7 231.9 (191.2) 0.0 17.5 (158.5) 529.4Revenue reserves ............. 495.7 231.9 (191.2) (2.4) 534.0Fair value reserve ............. 154.8 (156.1) (1.3)Accumulated foreign currencytranslation differences ....... (20.8) 17.5 (3.3)Minority interests . . . . . . . . . . . . . . . 341.6 49.2 (41.9) 168.0 10.2 (159.7) 367.41,703.0 281.1 (233.1) 549.4 27.7 (318.2) 2,009.9Balance at1.3.2000Netearningsfor theyearDistributionsDistributionsDistributionsCapitalincreases(5 million)ExchangeratechangesOtherchangesBalance at28.2.2001Subscribed capital ofSüdzucker AG . . . . . . . . . . . . . . . . 136.2 6.8 143.0Capital reserve of Südzucker AG . . 527.4 61.3 588.7Revenue Reserves . . . . . . . . . . . . . . 550.3 187.9 (118.7) 0.0 0.7 9.5 629.7Revenue reserves ............. 462.6 187.9 (118.7) (36.1) 495.7Fair value reserve ............. 114.2 40.6 154.8Accumulated foreign currencytranslation differences ....... (26.5) 0.7 5.0 (20.8)Minority interests . . . . . . . . . . . . . . . 404.7 21.4 (26.7) (1.4) (56.4) 341.61,618.6 209.3 (145.4) 68.1 (0.7) (46.9) 1,703.0F-5
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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
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 63 and 64: 8. Dezember 2003Südzucker Internat
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Page 67 and 68: Disclosure RequirementThe German Se
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Page 71 and 72: notes (Kapitalertragsteuer auf Zins
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Page 75 and 76: Index to Financial StatementsThe ma
Page 77 and 78: SÜDZUCKER AG MANNHEIM/OCHSENFURTCO
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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 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
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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
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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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