Nordzucker_GB 03-04_E_.pd 1 - Nordzucker AG

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Nordzucker The Nordzucker group, one of the major producers of foodstuffs in the European Union, together with its beet farmers are reliable suppliers of sugar and other sweeteners, as well as products that are, in particular, intended for the feed industry. Constant expansion of the Nordzucker product and service portfolio and the required adjustment of all business activities to the expectations of industry and trade, as well as those of the consumer, offer shareholders attractive returns on their invested capital and farmers fair payment for their beets. All operational activities are strictly focused on the specific requirements and expectations of external and internal customers, supported by Nordzucker’s integrated processes and a creative and flexible workforce. The criteria against which compliance with these requirements are measured are reliability, speed and the costs involved. The guiding principles for each employee are the achievement of reasonable and long-term profits, the continuous generation of internal growth, and an increase of the company’s market shares in its sphere of business. The German Corporate Governance Code as well as compliance with all relevant laws and regulations, a high level of food and feed quality and safety, responsible utilisation of resources, continuous reduction and prevention of environmental pollution, industrial safety and health protection are all integral elements of Nordzucker’s activities. Error prevention and avoidance are in this context given particular priority. The management assesses and evaluates all business activities as well as corporate efficiency on a regular basis to initiate the required adjustments and thus safeguard customer and shareholder satisfaction. The supervisory board surveys the operating results and progress of business activities at defined intervals. A qualified, highly committed and motivated workforce, which is paid on the basis of performance, is the sound basis for a continuous improvement of all business operations and the long-term and systematic development of the company within a changing competitive situation.
Wir machen mehr daraus Managing Board Nordzucker AG (from left to right): Jens Fokuhl, Günter Jakobiak, Dr. Ulrich Nöhle Contents 2 Foreword 6 Report of the Supervisory Board 10 Management Report 36 Annual Financial Statement 61 Committees 65 Glossary Nordzucker 2003/2004 1
Page 1 and 2: Annual Report 2003/2004 Nordzucker
Page 3: The Group at a Glance 1997/1998 199
Page 7 and 8: Schleswig plant. Good beet qualitie
Page 9 and 10: In talks in recent months with poli
Page 11 and 12: information furnished by the managi
Page 13 and 14: „Magyarország hamarosan érzéke
Page 15 and 16: capital into consideration for the
Page 17 and 18: particular for the Klein Wanzleben
Page 19 and 20: „Die EU-Erweiterung sehe ich sehr
Page 21 and 22: These were processed in the Warburg
Page 23 and 24: offered a job at one of the other N
Page 25 and 26: Fraunhofer Institut für Produktion
Page 27 and 28: local irrigation association holdin
Page 29 and 30: „Od członkowstwa w UE oczekuję
Page 31 and 32: The unfavourable situation in this
Page 33 and 34: „želám si, aby moje deti ako Eu
Page 35 and 36: 1 October 2003, the company, which
Page 37 and 38: throughout the group documents the
Page 39 and 40: For this reason alone we expect the
Page 41 and 42: Liabilities A. Equity Capital I. Su
Page 43 and 44: Accrued Write-downs Book value Depr
Page 45 and 46: IV. Statement of Cash Flows Net inc
Page 47 and 48: Liabilities A. Equity Capital I. Su
Page 49 and 50: Accrued Write-downs Book value Depr
Page 51 and 52: IV. Statement of Cash Flows Net con
Page 53 and 54: income and allocated to equity capi
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tive 34 of the income tax regulatio
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tion 308, para. 3 Commercial Code).
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Taxes on income mainly fall on the
Page 61 and 62:
Achim Fölster Member of the adviso
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9.3. Sundry Details Remuneration fo
Page 65 and 66:
Committees SUPERVISORY BOARD SUPERV
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Heinrich Heimsoth Hassel Otto Henni
Page 69 and 70:
Glossary Finance Cashflow Net inflo
Page 71:
Contact Nordzucker AG Küchenstraß
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Nordzucker_GB 03-04_E_.pd 1 - Nordzucker AG

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