2009 Annual Report - CRH

More documents

Recommendations

Info

116 CRH Company Balance Sheet as at 31st December 2009 2009 2008 €m €m Notes 2 Non-current assets Financial assets 491 460 Current assets 3 Debtors 7,922 5,683 Cash at bank and in hand 152 149 8,074 5,832 4 Creditors (amounts falling due within one year) Trade and other creditors 2,814 1,636 Corporation tax liability - 2 Bank loans and overdrafts 2 1 2,816 1,639 Total assets less liabilities 5,749 4,653 6 Capital and reserves Called-up share capital 241 186 6 Preference share capital 1 1 6 Share premium 3,782 2,452 7 Treasury Shares and own shares (279) (378) 7 Revaluation reserve 42 42 7 Other reserves 118 827 7 Profit and loss account 1,844 1,523 Shareholders' funds 5,749 4,653 K. McGowan, M. Lee, Directors
Notes to the Company Balance Sheet 1. Accounting Policies Basis of accounting The financial statements have been prepared under the historical cost convention in accordance with the Companies Acts, 1963 to 2009 and Generally Accepted Accounting Practice in the Republic of Ireland (“Irish GAAP”). The following paragraphs describe the principal accounting policies under Irish GAAP, which have been applied consistently. Operating income and expense Operating income and expense arises from the Company’s principal activities as a holding company for the Group and is accounted for on an accruals basis. Financial assets Fixed asset investments, including investments in subsidiaries, are stated at cost (and at valuation at 31st December 1980 for those investments in existence at that date) less any accumulated impairments and are reviewed for impairment if there are indications that the carrying value may not be recoverable. Foreign currencies The reporting currency of the Company is euro. Transactions in foreign currencies are translated at the rates of exchange ruling at the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date, with a corresponding charge or credit to the profit and loss account. Share issue expenses and share premium account Costs of share issues are written-off against the premium arising on issues of share capital. Share-based payments The Company has applied the requirements of FRS 20 Share-based Payment. The accounting policy applicable to share-based payments is consistent with that applied under IFRS and is accordingly addressed in detail on page 68 of the Consolidated Financial Statements. Cash flow statement The Company has taken advantage of the exemption afforded by FRS 1 Cash Flow Statements not to provide a statement of cash flows. Treasury Shares and own shares Treasury Shares Own equity instruments (i.e. Ordinary Shares) acquired by the Company are deducted from equity and presented on the face of the Company Balance Sheet. No gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of the Company’s Ordinary Shares. Own shares Ordinary Shares purchased by the Employee Benefit Trust on behalf of the Company under the terms of the Performance Share Plan are recorded as a deduction from equity on the face of the Company Balance Sheet. Dividends Dividends on Ordinary Shares are recognised as a liability in the Company’s Financial Statements in the period in which they are declared by the Company. CRH 117
Page 1 and 2:
Annual Report 2009 PERFORMANCE AND
Page 3 and 4:
Contents inside cover CRH at a Glan
Page 5 and 6:
Key Financial Figures 2009 €m 2,8
Page 7 and 8:
Americas Materials - 37% of Group T
Page 9 and 10:
CRH is an international group with
Page 11 and 12:
. . Emerging Regions - Strategy in
Page 13 and 14:
. . . . . . Diverse Portfolio - Str
Page 15 and 16:
CRH is committed to ethically and r
Page 17 and 18:
as well as adding to our presence i
Page 19 and 20:
Chief Executive’s Review Overview
Page 21 and 22:
Responding to the evolving market e
Page 23 and 24:
Group Operations The global economi
Page 25 and 26:
Europe Materials Europe Materials e
Page 27 and 28:
operating adjustments were implemen
Page 29 and 30:
Europe Products & Distribution Thro
Page 31 and 32:
Building Envelope Products These op
Page 33 and 34:
Mark Towe Chief Executive Officer T
Page 35 and 36:
asphalt plants and paving operation
Page 37 and 38:
Mark Towe Chief Executive Officer T
Page 39 and 40:
Glass The Glass group is the market
Page 41 and 42:
offset by the decline in the averag
Page 43 and 44:
which mature after more than one ye
Page 45 and 46:
W.I. O’Mahony* BE, BL, MBA, FIEI
Page 47 and 48:
issues confronting the Group; that
Page 49 and 50:
# assists management, at their requ
Page 51 and 52:
accounting period and up to the dat
Page 53 and 54:
# CRH’s business may be affected
Page 55 and 56:
Report on Directors’ Remuneration
Page 57 and 58:
Directors’ Remuneration Notes Exe
Page 59 and 60:
Pension entitlements - defined bene
Page 61 and 62:
Directors’ interests The Company
Page 63 and 64:
Directors’ Interests in Share Cap
Page 65 and 66:
Independent Auditors’ Report to t
Page 67 and 68:
Consolidated Balance Sheet as at 31
Page 69 and 70: Consolidated Statement of Cash Flow
Page 71 and 72: the Group and one or more other ven
Page 73 and 74: indicate that the carrying values m
Page 75 and 76: floating rates (using interest rate
Page 77 and 78: 1. Segment Information continued A.
Page 79 and 80: 2. Proportionate Consolidation of J
Page 81 and 82: 5. Directors’ Emoluments and Inte
Page 83 and 84: 7. Share-based Payment Expense cont
Page 85 and 86: 8. Finance Costs and Finance Revenu
Page 87 and 88: 10. Income Tax Expense continued Fa
Page 89 and 90: 13. Property, Plant and Equipment L
Page 91 and 92: 14. Intangible Assets continued Goo
Page 93 and 94: 17. Inventories 2009 2008 €m €m
Page 95 and 96: 21. Capital and Financial Risk Mana
Page 97 and 98: 21. Capital and Financial Risk Mana
Page 99 and 100: 23. Interest-bearing Loans and Borr
Page 101 and 102: 24. Derivative Financial Instrument
Page 103 and 104: 25. Analysis of Net Debt Components
Page 105 and 106: 25. Analysis of Net Debt continued
Page 107 and 108: 27. Deferred Income Tax The deducti
Page 109 and 110: 28. Retirement Benefit Obligations
Page 111 and 112: 28. Retirement Benefit Obligations
Page 113 and 114: 29. Capital Grants 2009 2008 €m
Page 115 and 116: 30. Share Capital and Reserves cont
Page 117 and 118: 32. Acquisition of Subsidiaries and
Page 119: 33. Related Party Transactions The
Page 123 and 124: 7. Movement in Shareholders’ Fund
Page 125 and 126: CREST Transfer of the Company’s s
Page 127 and 128: John Parson President & Chief Opera
Page 129 and 130: Incorporated and operating in % hel
Page 131 and 132: Incorporated and operating in % hel
Page 133 and 134: Principal Joint Venture Undertaking
Page 135 and 136: Group Financial Summary (Figures pr
Page 137 and 138: G Geographic leadership positions 2
Page 139 and 140: Notes
show all

2009 Annual Report - CRH

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?