2009 Annual Report - CRH

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Index A Accounting policies 66 Acquisition of subsidiaries and joint ventures (note 32) 112 Acquisitions Committee 41, 43 American Depositary Receipts 121 Americas Materials - 2009 Results 29 Americas Materials - Operations Review 29 Americas Products & Distribution - 2009 Results 33 Americas Products & Distribution - Operations Review Amortisation 33 - Intangible assets (note 14) 86 - Segmental analysis (note 1) 72 Annual General Meeting 50 Associated undertakings, principal 129 Associates’ profit after tax, Group share of (note 9) 81 Audit Committee 41, 43 Auditors, Report of Independent 61 Auditors’ remuneration (note 4) 76 B Balance sheet - Company 116 - Consolidated 63 Board approval of financial statements (note 34) 115 Board Committees 41, 43 Board of Directors 40 C Capital and financial risk management (note 21) 91 Capital grants (note 29) 109 Cash and cash equivalents (note 22) 94 Cash flow statement, Consolidated 65 Cash flow - summary 38 Chairman’s Statement Changes in Equity: issued share capital, share premium account, Treasury Shares/own shares, foreign currency 12 translation, retained income and minority interest 64 Chief Executive’s Review 15 Code of business conduct 45 Communications 10, 121 Corporate governance 42 Corporate social responsibility 10 CREST 121 CRH Overview 2 D Debt, analysis of net (note 25) 99 Deferred acquisition consideration payable (note 19) Deferred income tax 90 - Expense (note 10) 82 - Assets and liabilities (note 27) 103 132 CRH Depreciation - Group operating profit (note 4) 76 - Property, plant and equipment (note 13) 85 - Segmental analysis (note 1) 72 Derivative financial instruments (note 24) 97 Development activity 12 Directors’ emoluments and interests (note 5) 77 Directors’ interests in share capital 59 Directors’ interests - share options 57 Directors’ remuneration, Report on 51 Directors’ Report 48 Directors’ responsibilities, Statement of 60 Disposal of non-current assets (note 16) 88 Diverse portfolio - strategy in action 9 Dividend payments (shareholder information) 120 Dividends (note 11) 83 Dow Jones Sustainability Indexes 10 E Earnings per Ordinary Share (note 12) 84 Emerging regions - strategy in action 7 Employees, average numbers (note 6) 77 Employment costs (note 6) End-use 77 - Americas Distribution 3 - Americas Materials 3 - Americas Products 3 - Europe Distribution 2 - Europe Materials 2 - Europe Products 2 - Group inside cover Environment and climate change 10 Europe Materials - 2009 Results 21 Europe Materials - Operations Review 21 Europe Products & Distribution - 2009 Results 25 Europe Products & Distribution - Operations Review 25 Exchange rates 67 F Finance Committee 41, 45 Finance costs and revenue (note 8) 81 Finance leases (note 31) 112 Finance Review 36 Financial assets (note 15) 88 Financial calendar 121 Financial summary, Group (1995-2009) 130 Frequently asked questions 121 FTSE4Good 10
G Geographic leadership positions 2, 3 Group operations 19 Group overview 2 Guarantees (note 23 and note 9 to Company Balance Sheet ) 95, 119 H Health & safety 10 I Income Statement, Consolidated 62 Income tax expense (note 10) 82 Intangible assets (note 14) 86 Internal control (see Corporate Governance) 47 Inventories (note 17) 89 J Joint venture undertakings, principal 129 Joint ventures, proportionate consolidation (note 2) 75 K Key components of 2009 performance 36 Key financial figures 2009 1 Key financial performance indicators 37 L Leases, commitments under operating and finance (note 31) 112 Liquid investments (note 22) 94 Loans and borrowings, interest-bearing (note 23) 95 M Management 122 N Nomination Committee 41, 45 Notes on financial statements 72 – 115 O Operating costs (note 3) 76 Operating leases (note 31) 112 Operating profit, Group (note 4) Operations Reviews: 76 - Americas Materials 29 - Americas Products & Distribution 33 - Europe Materials 21 - Europe Products & Distribution 25 P Pensions, retirement benefit obligations (note 28) 103 Property, plant and equipment (note 13) 85 Provisions for liabilities (note 26) 102 Proxy voting, electronic 121 R Registrars 121 Related party transactions (note 33) 115 Remuneration Committee 41, 45 Retirement benefit obligations (note 28) 103 S Segmental information (note 1) 72 Senior Independent Director 41, 43 Share-based payments (note 7) 78 Share capital and reserves (note 30) Share options 109 - Directors 57 - Employees 79 Share price data 121 Shareholder information 120 Shareholdings as at 31st December 2009 121 Social (Corporate Social Responsibility) 10 Stakeholder communication 46 Statement of Comprehensive Income, Consolidated 62 Statement of Changes in Equity, Consolidated 64 Statement of Directors’ responsibilities 60 Stock Exchange listings 121 Strategic vision 1 Strategy in action 4, 7, 9 Subsidiary undertakings, principal 124 Substantial holdings 45 Sustainable Asset Management (SAM) 10 T Total Shareholder Return 1 Trade and other payables (note 19) 90 Trade and other receivables (note 18) 89 V Volumes, annualised production - Americas Distribution 3 - Americas Materials 3 - Americas Products 3 - Europe Distribution 2 - Europe Materials 2 - Europe Products 2 W Website 121 Working capital, movement during year (note 20) 90 CRH 133
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Annual Report 2009 PERFORMANCE AND
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Contents inside cover CRH at a Glan
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Key Financial Figures 2009 €m 2,8
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Americas Materials - 37% of Group T
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CRH is an international group with
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. . Emerging Regions - Strategy in
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. . . . . . Diverse Portfolio - Str
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CRH is committed to ethically and r
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as well as adding to our presence i
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Chief Executive’s Review Overview
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Responding to the evolving market e
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Group Operations The global economi
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Europe Materials Europe Materials e
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operating adjustments were implemen
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Europe Products & Distribution Thro
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Building Envelope Products These op
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Mark Towe Chief Executive Officer T
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asphalt plants and paving operation
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Mark Towe Chief Executive Officer T
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Glass The Glass group is the market
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offset by the decline in the averag
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which mature after more than one ye
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W.I. O’Mahony* BE, BL, MBA, FIEI
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issues confronting the Group; that
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# assists management, at their requ
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accounting period and up to the dat
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# CRH’s business may be affected
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Report on Directors’ Remuneration
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Directors’ Remuneration Notes Exe
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Pension entitlements - defined bene
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Directors’ interests The Company
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Directors’ Interests in Share Cap
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Independent Auditors’ Report to t
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Consolidated Balance Sheet as at 31
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Consolidated Statement of Cash Flow
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the Group and one or more other ven
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indicate that the carrying values m
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floating rates (using interest rate
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1. Segment Information continued A.
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2. Proportionate Consolidation of J
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5. Directors’ Emoluments and Inte
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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 and 120: 33. Related Party Transactions The
Page 121 and 122: Notes to the Company Balance Sheet
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: Group Financial Summary (Figures pr
Page 139 and 140: Notes
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2009 Annual Report - CRH

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