2009 Annual Report - CRH

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Notes 64 CRH Consolidated Statement of Changes in Equity for the financial year ended 31st December 2009 Attributable to the equity holders of the Company Treasury Foreign Issued Share Shares/ currency share premium own Other translation Retained Minority Total capital account shares reserves reserve income interest equity €m €m €m €m €m €m €m €m At 1st January 2009 187 2,448 (378) 87 (644) 6,387 70 8,157 Group profit for the financial year - - - - - 592 6 598 Other comprehensive income - - - - (96) (34) - (130) Total comprehensive income 187 2,448 (378) 87 (740) 6,945 76 8,625 30 Issue of share capital (net of expenses) 55 1,330 - - - - - 1,385 7 Share-based payment expense - share option schemes - - - 18 - - - 18 - Performance Share Plan (PSP) - - - 10 - - - 10 Reclassification of Performance Share Plan expense - - (13) 13 - - - - 10 Tax relating to share-based payment expense - - - - - 3 - 3 Treasury/own shares re-issued - - 114 - - (114) - - 30 Shares acquired by Employee Benefit Trust (own shares) - - (2) - - - - (2) 30 Share option exercises - - - - - 60 - 60 11 Dividends (including shares issued in lieu of dividends) - - - - - (386) (7) (393) 32 Minority interest arising on acquisition - - - - - - 4 4 At 31st December 2009 242 3,778 (279) 128 (740) 6,508 73 9,710 for the financial year ended 31st December 2008 At 1st January 2008 187 2,420 (19) 70 (547) 5,843 66 8,020 Group profit for the financial year - - - - - 1,248 14 1,262 Other comprehensive income - - - - (97) (305) - (402) Minority interest profit attributable to associates - - - - - - (1) (1) Total comprehensive income 187 2,420 (19) 70 (644) 6,786 79 8,879 30 Issue of share capital (net of expenses) - 28 - - - - - 28 7 Share-based payment expense - share option schemes - - - 17 - - - 17 - Performance Share Plan (PSP) - - 7 - - - - 7 10 Tax relating to share-based payment expense - - - - - (13) - (13) 30 Shares acquired by CRH plc (Treasury Shares) - - (411) - - - - (411) Treasury/own shares re-issued - - 48 - - (48) - - 30 Shares acquired by Employee Benefit Trust (own shares) - - (3) - - - - (3) 30 Share option exercises - - - - - 31 - 31 11 Dividends (including shares issued in lieu of dividends) - - - - - (369) (5) (374) 32 Minority interest arising on acquisition - - - - - - (4) (4) At 31st December 2008 187 2,448 (378) 87 (644) 6,387 70 8,157 K. McGowan, M. Lee, Directors
Consolidated Statement of Cash Flows for the financial year ended 31st December 2009 2009 2008 €m €m Notes Cash flows from operating activities Profit before tax 732 1,628 Finance costs (net) 297 343 Group share of associates' profit after tax (48) (61) Profit on disposal of non-current assets (26) (69) Group operating profit 955 1,841 13 Depreciation charge (including impairments) 794 781 7 Share-based payment expense 28 24 14 Amortisation of intangible assets (including impairments) 54 43 29 Amortisation of capital grants (2) (3) Other non-cash movements (37) (15) 26 Net movement on provisions (41) (28) 20 Decrease/(increase) in working capital 783 (57) Cash generated from operations 2,534 2,586 Interest paid (including finance leases) (294) (371) Irish corporation tax paid (2) (18) Overseas corporation tax paid (102) (304) Net cash inflow from operating activities 2,136 1,893 Cash flows from investing activities Inflows 16 Proceeds from disposal of non-current assets 103 168 Interest received 31 51 29 Capital grants received - 4 Dividends received from associates 38 42 172 265 Outflows 13 Purchase of property, plant and equipment (532) (1,039) 32 Acquisition of subsidiaries and joint ventures (174) (777) 15 Investments in and advances to associates (235) (156) 15 Advances to joint ventures and purchase of trade investments (9) (50) 20 Increase in finance-related receivables (115) - 20 Deferred and contingent acquisition consideration paid (37) (34) (1,102) (2,056) Net cash outflow from investing activities (930) (1,791) Cash flows from financing activities Inflows 30 Proceeds from issue of shares (net) 1,237 6 Proceeds from exercise of share options 60 31 25 Decrease in liquid investments 65 175 Increase in interest-bearing loans, borrowings and finance leases 757 1,382 25 Net cash inflow arising from derivative financial instruments 16 - 2,135 1,594 Outflows Treasury/own shares purchased (2) (414) Repayment of interest-bearing loans, borrowings and finance leases (2,501) (1,024) 25 Net cash outflow arising from derivative financial instruments - (100) 11 Dividends paid to equity holders of the Company (238) (347) 11 Dividends paid to minority interests (7) (5) (2,748) (1,890) Net cash outflow from financing activities (613) (296) Increase/(decrease) in cash and cash equivalents 593 (194) Reconciliation of opening to closing cash and cash equivalents 25 Cash and cash equivalents at 1st January 799 1,006 25 Translation adjustment (20) (13) Increase/(decrease) in cash and cash equivalents 593 (194) 25 Cash and cash equivalents at 31st December 1,372 799 A reconciliation of cash and cash equivalents to net debt is presented in note 25 to the financial statements. K. McGowan, M. Lee, Directors CRH 65
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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
Page 7 and 8:
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
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: Consolidated Balance Sheet as at 31
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
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33. Related Party Transactions The
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Notes to the Company Balance Sheet
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7. Movement in Shareholders’ Fund
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CREST Transfer of the Company’s s
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John Parson President & Chief Opera
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Incorporated and operating in % hel
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Incorporated and operating in % hel
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Principal Joint Venture Undertaking
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Group Financial Summary (Figures pr
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G Geographic leadership positions 2
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Notes
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2009 Annual Report - CRH

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