2009 Annual Report - CRH

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1. Segment Information continued C. Operating segments disclosures - other items 74 CRH Continuing operations - year ended 31st December Materials Products Distribution Total Group 2009 2008 2009 2008 2009 2008 2009 2008 €m €m €m €m €m €m €m €m Additions to non-current assets Europe Property, plant and equipment (note 13) 260 429 51 106 42 70 353 605 Financial assets (note 15) 235 1 - - 1 157 236 158 Americas Property, plant and equipment (note 13) 125 304 51 121 3 9 179 434 Financial assets (note 15) 8 48 - - - - 8 48 628 782 102 227 46 236 776 1,245 D. Entity-wide disclosures Section 1: Information about products and services The Group’s revenue from external customers in respect of its principal products and services is analysed in the disclosures above. Section 2: Information about geographical areas and customers CRH has a presence in 35 countries worldwide. The revenues from external customers and non-current assets (as defined in IFRS 8) attributable to the country of domicile and all foreign countries of operation are as follows; regions which exceed 10% of total external Group revenue have been highlighted separately on the basis of materiality. Year ended 31st December Revenues by destination As at 31st December Non-current assets 2009 2008 2009 2008 €m €m €m €m Country of domicile - Republic of Ireland 500 870 569 595 Benelux (mainly Netherlands) 2,762 3,070 1,458 1,518 Americas (mainly the United States) 7,997 9,702 6,200 6,527 Other 6,114 7,245 5,493 5,226 Group totals 17,373 20,887 13,720 13,866 There are no material dependencies or concentrations on individual customers which would warrant disclosure under IFRS 8. The individual entities within the Group each have a large number of customers spread across various activities, end-uses and geographies.
2. Proportionate Consolidation of Joint Ventures The Group’s share of the income and expenses of its joint ventures for the years ended 31st December 2009 and 2008, the assets and liabilities as at 31st December 2009 and 2008 and future purchase commitments for property, plant and equipment, which are proportionately consolidated in the Consolidated Financial Statements where appropriate, are as follows: Impact on Consolidated Income Statement 2009 2008 €m €m Group share of: Revenue 1,095 1,172 Cost of sales (768) (806) Gross profit 327 366 Operating costs (233) (229) Operating profit 94 137 Profit on disposal of non-current assets 1 1 Profit before finance costs 95 138 Finance costs (net) (7) (13) Profit before tax 88 125 Income tax expense (19) (26) Group profit for the financial year 69 99 Depreciation charge for year 55 50 Impact on Consolidated Balance Sheet Group share of: Non-current assets 1,319 1,333 Current assets 395 423 Total assets 1,714 1,756 Total equity 1,158 1,143 Non-current liabilities 330 333 Current liabilities 226 280 Total liabilities 556 613 Total equity and liabilities 1,714 1,756 Net debt included above 114 153 The Group’s share of net debt in joint ventures is non-recourse to the Group. Future purchase commitments for property, plant and equipment Contracted for but not provided in the financial statements 15 30 Authorised by the Directors but not contracted for 120 122 A listing of the principal joint ventures is contained on page 129. CRH 75
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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
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: 1. Segment Information continued A.
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 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 and 136:
Group Financial Summary (Figures pr
Page 137 and 138:
G Geographic leadership positions 2
Page 139 and 140:
Notes
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2009 Annual Report - CRH

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