measure and monitor the processes and report results ... - Refresco.de

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Financial review 2010 The current fair market value of property, plant and equipment is not materially different from the net book value. Assets under constructions of EUR 38,727,000 includes EUR 13,678,000 which needs to be reclassified to ‘Land and buildings’, ‘Machinery and equipment’ and ‘Other fixed assets’ which will be done in 2011. For all acquisitions after 2006, property, plant and equipment was restated to fair market value based on valuation reports, and the depreciation terms have been brought in line with the company’s policies. Impairment losses In 2009, the impairments recognized were related to property, plant and equipment in Germany, Poland and Spain. In 2010 no impairments were recognized. Financial leases The Group leases a warehouse and production equipment under a number of finance lease agreements secured on the underlying leased assets (see note 4.10). At December 31, 2010, the carrying amount of leased plant and machinery was EUR 13,854,000 (2009: EUR 14,104,000). Security Securities for the redemption of amounts payable to banks have been given as follows: • • First priority mortgage on the real estate in The Netherlands and Germany. Pledge of all property, plant and equipment. Property, plant and equipment under construction Property, plant and equipment under construction relates mainly to expansion of production and warehouse facilities in the Netherlands, France, the UK and Germany. After construction is complete, the assets are reclassified to the applicable property, plant and equipment category.
4.2 Intangible assets The composition and changes were as follows: EUR’000 COST note Goodwill Software Total January 1, 2009 269,835 3,862 273,697 Acquisitions through business combinations 6.1 1,423 557 1,980 Additions at cost 0 2,344 2,344 Disposals at cost 0 (268) (268) Effect of movements in exchange rates 1,050 0 1,050 december 31, 2009 272,308 6,495 278,803 January 1, 2010 272,308 6,495 278,803 Acquisitions through business combinations 6.1 0 256 256 Additions at cost 0 4,088 4,088 Disposals at cost 0 (28) (28) Effect of movements in exchange rates 899 0 899 december 31, 2010 273,207 10,811 284,018 AMORTIZATION ANd IMPAIRMENT LOSSES January 1, 2009 0 (1,928) (1,928) Acquisitions through business combinations 6.1 0 (497) (497) Amortization for the year 5.4 0 (697) (697) Impairment losses 5.4 (975) (7) (982) Disposals 0 160 160 december 31, 2009 (975) (2,969) (3,944) January 1, 2010 (975) (2,969) (3,944) Acquisitions through business combinations 6.1 0 (82) (82) Amortization for the year 5.4 0 (1,280) (1,280) Impairment losses 5.4 (2,067) 0 (2,067) Disposals 0 27 27 Effect of movements in exchange rates (33) 24 (9) december 31, 2010 (3,075) (4,280) (7,355) CARRyING AMOuNTS January 1, 2009 269,835 1,934 271,769 december 31, 2009 271,333 3,526 274,859 december 31, 2010 270,132 6,531 276,663 page _ 78 / 79
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annual 2010 report
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annual 2010 report
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Refresco at a glance
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Mission statement To be the Europea
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Buy & Build strategy By buying stro
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Our differentiators Our Total Portf
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18 19 20 Our locations in europe Be
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Main achievements • • • •
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hans Roelofs Aart duijzer
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Business review 2010 “A sustainab
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Business review 2010 Review 2010 Lo
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Business review 2010 2010 revenue A
Page 28 and 29: Business review 2010 People and org
Page 30 and 31: Business review 2010 Second, furthe
Page 32 and 33: Business review 2010 Outlook 2011 d
Page 34 and 35: Business review 2010 Governance Ref
Page 36 and 37: Business review 2010 Risks related
Page 38 and 39: Business review 2010 Governance Str
Page 40 and 41: Business review 2010 Supervisory Bo
Page 42 and 43: Business review 2010 7.4% to EUR 1,
Page 45 and 46: Sustainability review 2010
Page 47 and 48: Raw materials: orange juice Refresc
Page 49 and 50: Packaging materials Refresco’s ma
Page 51 and 52: PET One of Refresco’s largest sup
Page 53 and 54: Transportation Refresco constantly
Page 55: Refresco Business Units have in rec
Page 59 and 60: Contents Financial statements 60 Co
Page 61 and 62: Consolidated income statement 2010
Page 63 and 64: Consolidated cash flow statement 20
Page 65 and 66: Notes to the consolidated financial
Page 67 and 68: Hedge of a net investment in a fore
Page 69 and 70: present value of the minimum lease
Page 71 and 72: Termination benefits Termination be
Page 73 and 74: • • • • • The definition
Page 75 and 76: In respect of other monetary assets
Page 77: EUR’000 dEPRECIATION ANd IMPAIRME
Page 81 and 82: The values assigned to the key assu
Page 83 and 84: EUR’000 Movement in temporary dif
Page 85 and 86: 4.5 Inventories The composition as
Page 87 and 88: Current liabilities The composition
Page 89 and 90: The Group contributes to a number o
Page 91 and 92: Actuarial assumptions Principal act
Page 93 and 94: 5.3 Employee benefits expense The c
Page 95 and 96: Finance income and expense recogniz
Page 97 and 98: The acquisition had the following e
Page 99 and 100: Liquidity risk The contractual matu
Page 101 and 102: The following significant exchange
Page 103 and 104: 6.3 Operating leases Operating leas
Page 105 and 106: Other related party transactions Th
Page 107 and 108: Company income statement 2010 EUR
Page 109 and 110: Refresco Group B.V. owns the follow
Page 111 and 112: On March, 24 2010 the following sha
Page 115: Independent auditor’s report To:
Page 118 and 119: Contact REFRESCO GROuP B.V. www.ref
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measure and monitor the processes and report results ... - Refresco.de

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