2012 ANNUAL REPORT WELCOME TO OUR GREAT STEP FORWARD
|
|
- Phebe Mabel Davidson
- 8 years ago
- Views:
Transcription
1 2012 ANNUAL REPORT WELCOME TO OUR GREAT STEP FORWARD
2 UNACEM ATOCONGO PLANT LIMA
3 UNACEM CONDORCOCHA PLANT TARMA (3,900 m.a.s.l.) PAGE UNACEM ANNUAL REPORT
4
5 CONTENT RESULTS DIRECTORS & MANAGEMENT NATIONAL AND INTERNATIONAL ENVIRONMENT INVESTMENT, OPERATIONS AND ADMINISTRATION PROJECTS SUBSIDIARIES AND AFFILIATES ECONOMIC AND FINANCIAL ASPECTS FINANCIAL STATEMENTS PAGE UNACEM ANNUAL REPORT This document is printed on recycled paper, thus helping to preserve the environment. We have the following environmental certifications. A P P R O V E D
6 RESULTS SALES (in millions of soles) EBITDA (in millions of soles) 2,000 1,800 1,600 1,400 1,324 1,510 1,514 1, ,200 1, CAPEX (in millions of soles) Times Debt / EBITDA
7 PAGE UNACEM ANNUAL REPORT
8 DIRECTORS & MANAGEMENT FOUNDING PRESIDENT PRESIDENT VICEPRESIDENT DIRECTORS BOARD OF DIRECTORS Mr. Jaime Rizo Patrón Remy Mr. Ricardo Rizo Patrón de la Piedra Mr. Alfredo Gastañeta Alayza Mr. Marcelo Rizo Patrón de la Piedra Mr. Jaime Sotomayor Bernós Mr. Carlos Ugás Delgado Mr. Roque Benavides Ganoza Mr. Diego de la Piedra Minetti Mr. Drago Kisic Wagner Mr. Martín Naranjo Landerer (appointed March 2012) Mr. Leslie Pierce Diez Canseco (appointed March 2012) Mr. Oswaldo Avilez D Acunha (appointed December 2012) Mr. Hernán Torres Marchal (appointed December 2012) Mr. Oscar de Osma Berckemeyer (until March 2012) Mr. Alfredo Torres Guzmán (until March 2012) MANAGEMENT Sindicato de Inversiones y Administración S.A. (SIA) GENERAL MANAGER Mr. Carlos Ugás Delgado Representative of SIA in the General Management LEGAL MANAGER Mr. Julio Ramírez Bardález FINANCIAL AND CORPORATE DEVELOPMENT MANAGER Mr. Álvaro Morales Puppo CENTRAL MANAGER Mr. Víctor Cisneros Mori ADMINISTRATION MANAGER Mr. Jorge Trelles Sánchez COMMERCIAL MANAGER Mr. Kurt Uzátegui Dellepiane PROJECT MANAGER Mr. Jeffery Lewis Arriarán ATOCONGO OPERATIONS MANAGER Mr. Juan Asmat Siquero CONDORCOCHA OPERATIONS MANAGER Mr. Ricardo Ramírez Zurita HUMAN RESOURCES MANAGER Mr. Pablo Castro Horna TECHNICAL ADVISORS ARPL Tecnología Industrial S.A. ADMINISTRATION AND FINANCE ADVISORS Inversiones Andino S.A.
9 PAGE UNACEM ANNUAL REPORT
10 ANNUAL REPORT OF THE BOARD OF DIRECTORS OF UNIÓN ANDINA DE CEMENTOS S.A.A. For fiscal year 2012 In accordance with the law and the bylaws of our Company, the statement of financial position, statement of income, changes in net equity and cash flow for the fiscal year ending on the 31st of December 2012 were submitted to a General Meeting of Shareholders together with this Annual Report summarizing the most important events affecting the Company during 2012 and up to the 25th of March 2013, the date on which they were approved by the Company s Board of Directors. Furthermore, we submit the Company s Sustainability Report, which describes the Company s corporate social responsibility work during 2012 using the methodology approved by the Global Reporting Initiative.
11 PAGE UNACEM ANNUAL REPORT
12 1. NATIONAL AND INTERNATIONAL ENVIRONMENT Because we know that we are part of something bigger. We are the second fastest growing economy in Latin America and UNACEM is committed to continue building a fairer, more prosperous and sustainable society.
13 PAGE UNACEM ANNUAL REPORT
14 NATIONAL AND INTERNATIONAL ENVIRONMENT The world economy s performance during 2012 was not very encouraging, with the European crisis deepening, the United States economy slow to improve and China and certain emerging economies slowing down. Nevertheless, thanks to action by the European Central Bank to allay fears of a more serious crisis and the adoption of monetary stimuli by the Federal Reserve, the world economy had grown 2.6% by the close of the year. Furthermore, Latin American economies were affected by uncertainty in the developed nations, principally through their trade (exports), and showed varied levels of growth, with a regional increase of 3.0% compared with This figure was based on good performances by countries such as Panama, Peru and Chile, which achieved GDP growth of 10.0%, 6.3% and 5.0% respectively at year s end, thus counteracting poor results from the region s larger economies: Brazil, which saw a recovery in 3Q 2012 (1.6%), and Argentina (2.1%). As far as Peru was concerned, its economy continued to grow: ending the year with an increase in GDP of 6.3%, making 14 consecutive years of growth for the country. This growth, which was formerly dependent on exports and private investment, has been closely linked to domestic demand and the sectors that drive it: construction, trade and services, basically because of the continuation of economic policies creating stability for investments. The construction sector expanded 15.7% compared with The expansion of the country s economic activity was based on this growth, principally as a result of investment in real estate, shopping centers and infrastructure. In Lima alone 21,990 new houses were sold in 2012, the highest figure for 17 years.
15 Inflation at the end of 2012 was 2.6%, within the Central Bank (BCR) target range after spending most of the year above the target. Some important achievements of the Peruvian Economy: The country has had a trade surplus for 11 consecutive years, which in 2012 amounted to 4,527 million dollars. However this surplus was 51.3% lower than the 9,302 million dollars achieved in Exports fell by 2.3% compared with 2011, to an estimated total of 45,283 million dollars, mostly because of lower traditional exports (5.4% lower than in 2011). Net international reserves amounted to 63,991 million dollars, a figure 15,175 million higher than in Private consumption, according to recent estimates, may have risen 5.8%, driven by highly positive financing conditions that stimulated demand. For the second year running there was a fiscal surplus estimated to be 2.0% of GDP, the result of higher tax revenue from more dynamic domestic demand and lower public spending (during 2012). PAGE UNACEM ANNUAL REPORT During the year the Nuevo Sol continued to strengthen against the US dollar, reaching its highest level for 20 years in real terms, at S/ to the dollar, 5.4% lower than the 2011 exchange rate of S/ to the dollar. To avoid an abrupt appreciation of the Nuevo Sol, the BCR intervened to purchase a record value of approximately US$ 13 billion. The stability of the Peruvian economy in the middle of an international crisis was such as to be worthy of an upgrade in its credit ratings from the ratings agencies. In August 2012, Moody s raised Peru s rating from Baa3 to Baa2, bringing it in line with those of Standard and Poor s and Fitch Ratings.
16 2. INVESTMENT, OPERATIONS AND ADMINISTRATION Every new step takes us higher. We contribute to the country s development, making products of the highest quality, a solid company using technological innovation and respectful of the environment.
17 PAGE UNACEM ANNUAL REPORT
18 INVESTMENT, OPERATIONS AND ADMINISTRATION The Board of Directors and General Management exercised by Sindicato de Inversiones y Administración S.A. (SIA) supervised the company s investment, investment performance, operations and administration throughout the year. Merger The most important event in fiscal year 2012 was the takeover of Cemento Andino S.A., after which Cementos Lima S.A.A. changed its trading name to UNACEM S.A.A. In this merger UNACEM S.A.A., as the absorbing company, took over all of the equity of Cemento Andino S.A., and the merger took effect on the 1st of October The formal merger process commenced when it was approved by the boards of directors of UNACEM S.A.A. and Cemento Andino S.A. at meetings held on the 27th of June On the 24th of June 2012, general meetings of the shareholders of both companies approved the merger, by which UNACEM S.A.A. would take over Cemento Andino S.A., the merger project and exchange ratio, involving the issue by UNACEM S.A.A. of three hundred and eighty four (384) shares having a nominal value of S/. 1.0 each, for each share issued by Cemento Andino S.A., having a nominal value of S/ each, which would cease to exist after the merger. The date on which the merger would take effect was set as the 1st of October As a result of the merger, UNACEM S.A.A. increased its capital by S/ ,000.0; in other words, from S/. 1, ,408.0 to S/. 1, ,408.0 and ,000 new ordinary shares were issued having the same nominal value as the existing shares (S/. 1.0 each), to be distributed among the former shareholders of Cemento Andino S.A., using the exchange ratio mentioned earlier. For accounting purposes, of the increase in capital of S/ ,000.0, the sum of S/ ,000.0
19 originated in the capital account of Cemento Andino S.A. and S/ ,000.0 was to be taken from accumulated results. The new shares were issued when the capital increase resulting from the merger was registered with Lima Companies Registry. The merger creates important synergies and operational improvements with the integration of operation, maintenance, purchasing, financing and systems programs, the product portfolio and sales, giving significant savings in production costs, freight and management costs. The merger enables us to improve market supply, with a wider range of cements and other products at competitive prices, due to savings in production and transport costs. Furthermore, it optimizes leverage in order to address future investment projects and to seek adequate levels of liquidity that will enable us to continue our quarterly dividend policy. Moreover, shares in the absorbing company will have greater liquidity in the stock market, leading to improved market valuation. Appointments and dividends After the merger took effect, a General Meeting of Shareholders held on the 13th of December 2012, elected the 12 members of the Board of Directors of UNACEM S.A.A. to serve until In homage to Mr. Jaime Rizo Patrón Remy, founder of Cemento Andino S.A. (in 1952) and Cementos Lima S.A.A. (in 1967), a pioneer of the Peruvian cement industry and leading figure for more than sixty years, which saw the growth and development of the merged companies, the Board of Directors agreed to appoint him Founding President so that he can continue to contribute his experience and valuable advice to the management of the Company. The Board elected as its new president Mr. Ricardo Rizo Patrón de la Piedra. PAGE UNACEM ANNUAL REPORT During the year the Company continued with its policy of paying quarterly dividends in the months of February, May, August and November.
20 Furthermore the shareholders continued to receive the board s Annual Report and quarterly reports on the interim financial statements, as well as a summary of the quarter s activities, which were also available on the Company s web site. Production and Dispatch in the Domestic Market During 2012 the Company s entire cement production totaled 5,355,447 t, a figure 13.2% higher than the 4,730,938 t registered in Production included both plants, with 1,704,111 t of cement produced by Condorcocha plant and 3,651,336 t by Atocongo plant in It is worth highlighting that the Company s production was more than enough to cover domestic demand for cement. Cement production by UNACEM S.A.A. broken down by plant is shown in the following figure: Figure N 1 CEMENT PRODUCTION BROKEN DOWN BY PLANT (in thousands of metric tons)
21 The Company s cement dispatches in 2012 were the best ever achieved by both plants; total volume dispatched was of 5,310,830 t, 12.9% higher than the figure for 2011, which was 4,702,007 t. This increase was a consequence of continual growth in the construction sector, one of the most closely linked to the growth in domestic demand. Cement dispatches from Atocongo and Condorcocha plants are shown in the following figure: Figure N 2 DOMESTIC CEMENT DISPATCHES (in thousands of metric tons) 4,209 4,126 4,702 4,709 5,311 PAGE UNACEM ANNUAL REPORT 3,452 3,056 2,683 2,481 2, ,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500
22 Marketing and Sales Sales The Company sells its cement through two business units: bagged cement and bulk cement, which represent 74.6% and 25.4% of total sales respectively. The brands handled by the Bagged Cement unit are: Type I Portland cement under the brands Cemento Andino and Cemento Sol, type IP Portland cement under the brands Cemento Atlas and Cemento Andino and type IPM and type V Portland cement under the brand Cemento Andino. The product portfolio is sold principally through two distribution channels: traditional hardware stores (including the ProgreSol network and independent hardware stores) and modern (or selfservice hardware) stores. As far as results are concerned, by December 2012 sales of type I Cemento Andino in bags had risen 13.2%, while those of Cemento Sol (type I) had risen 7.0% compared with the same period of the previous year. Equally, sales of Cemento Andino type IP increased by 4.7%; on the other hand, sales of Cement Atlas (type IP) fell by 6.0% during the same period. Sales of Cemento Andino type IPM grew 13.6% compared with It should be mentioned that sales of type V cement from Atocongo plant reached 38,502 mt while sales of the same product from the Condorcocha plant amounted to 23,831 mt at the close of The bulk cement business unit sells Portland types I, IP, II and type V, principally to readymixed concrete suppliers, mining, oil and construction companies, and makers of cementbased products. The results of the bulk cement business unit in 2012 were as follows: deliveries of type I Cemento Sol increased by 24.9%, while those of Cemento Andino type I grew 3.1% compared with the same period of the
23 previous year. Furthermore, dispatches of Cemento Atlas (type IP) and Cemento Andino type IP increased by 91.5% and 169.1% respectively compared to the same period of the previous year. Dispatches of type V cement in bulk from Atocongo increased by 12.9% compared with the previous year and deliveries of Cemento Andino type V were satisfactory at 48,662 mt at the close of As can be seen, the bulk cement business unit performed better than the bagged cement unit, principally because of cement sales to premixed concrete suppliers, arising from increased house building and infrastructure works throughout the country. Relationship with clients and the ProgreSol hardware store network The sales strategy stresses continual improvement and a balance between the aims of the Company and those of its clients, purchasers and users to create efficient and longlasting relationships throughout the value chain, from the factory to the points of sale. PAGE UNACEM ANNUAL REPORT For this reason, successful independent hardware stores with high turnover have been incorporated into the ProgreSol network since In 2012 the network consisted of more than 270 points of sale, making it Peru s largest hardware store network. As a result of the recent merger, more than 40 points of sale operated by the Condorcocha plant s distributors were added to the ProgreSol network, increasing the number of outlets and our presence throughout Peru.
24 Conchan Pier Port operations, in metric tons, increased by 78.0% compared with During the year 25 vessels used the facility and a total volume of 784,109 mt was handled; this increase is the result of increased shipments of clinker and coal. Carbon Credits Under the Clean Development Mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) The third periodic verification of emission reduction from the fuel switching project begun in December 2011, through the Designated Operational Entity (DOE) Tüv Süd. The revised period of verification covered reductions generated from September 2010 to August 2011, which amounted to 137,754 t. The verification process is now in its final stage and it is estimated that the corresponding CER will be issued in the second quarter of It should be mentioned that the Company continually monitors the emission reductions arising generated by the fuel switching project and a fourth periodic verification is programed for Principles of Good Corporate Governance The Company adheres to the Principles of Good Corporate Governance in its management and organizational culture; through these principles it seeks to promote good business practices enabling the integration of its agents: the board of directors, management, shareholders and other stakeholders, with a view to increasing value. The adoption of the Principles of Good Corporate Governance provides better security to all stakeholders and guarantees information transparency, equal treatment for all shareholders and responsible management in each of the company s activities.
25 PAGE UNACEM ANNUAL REPORT
26 The Obligatory Annual General meeting held on the 20th of March 2012 approved the financial statements for fiscal year 2011, as well as the unreserved opinion of the external auditors. The Annual General Meeting elected the directors and delegated to the board the choice of external auditors for fiscal year At a meeting on the 7th of September 2012, the board unanimously chose the new members of the audit committee, to consist of three directors, two of whom are independent. After the merger took effect, a general meeting of shareholders on the 13th of December 2012 chose the twelve directors who will serve until the end of the period in March Integrated Management System (IMS) At the time of the merger between Cemento Andino S.A. and UNACEM S.A.A., both plants had management systems based on the following international standards: ISO 9001, ISO and OHSAS for quality assurance, the environment, safety and occupational health respectively: Condorcocha already had the three certificates corresponding to these international standards. Atocongo had ISO 9001, BASC (Business Alliance for Secure Commerce) and ISPS (International Ship and Port Security Code) certification and was well advanced with its preparation for ISO and OHSAS certification.
27 At first the two systems will be maintained in parallel and, in a second stage, they will be integrated with planned and systematic changes that will lead to better performance by the plants. Integrated Management System (IMS) Atocongo Plant and Conchan Pier Client satisfaction In February a customer loyalty and satisfaction survey was carried out of Peruvian cement clients, which was used to develop a series of actions aimed at improving the most relevant factors revealed by the survey, particularly in the sale and distribution of the products. Internal audits In 2012 nine internal audits were carried out, which together covered all the Company s processes relevant to quality, safety, occupational health and the environment. These audits verified that each process complied with its objectives and with the applicable requirements of ISO 9001, ISO 14001, OHSAS 18001, BASC and ISPS, as well as other requirements of the integrated management system. An evaluation of compliance with the legal requirements applicable to each one of these aspects was also carried out. PAGE UNACEM ANNUAL REPORT Management review of the IMS As planned, the Management carried out a formal review of the integrated management system to ensure that it remains effective, adequate and appropriate to the Company s interests. As a result of the review, the Management decided upon the integrated management system s actions, goals and targets.
28
29 Certification ISO 9001:2008 In September, SGS carried out the annual followup audit of the IMS, concentrating on quality management and as a result recommended that our ISO 9001:2008 certification should be renewed. BASC (Business Alliance for Secure Commerce) In June, BASC PERU renewed the BASC certification for Atocongo plant and Conchan pier. This certification confirms the Company s ability to prevent and avoid the potential use of its operations or facilities for illegal purposes. ISPS (International Ship and Port Security) In September, the National Port Authority carried out a followup audit of our ISPS certification, which was then validated. Integrated Management System (IMS) Condorcocha Plant External followup audits SGS del Peru carried out external audits of ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 standards, for Condorcocha plant (including contractors) and the Lima offices; the first took place from the 31st of January to the 4th of February and the second from the 17th to the 20th of September. PAGE UNACEM ANNUAL REPORT Integrated internal audit of contractors Integrated internal audits were carried out in January, May and November of the Company s contractors, in accordance with ISO and OHSAS standards, in order to determine compliance with the legal requirements applicable to their activities.
30 Human Resources Personnel The following table shows changes in employee numbers during 2011 and 2012 (as at the 31st of December each year). It should be pointed out that the data for 2012 show the total number of collaborators after the 1st of October, the date on which the merger between Cementos Lima S.A.A and Cemento Andino S.A. took effect, to create the new company UNACEM S.A.A. that includes all personnel working in Atocongo and Concorcocha plants, Conchan pier and the Villaran offices. In order to compare figures, the personnel of both companies as at December 2011 have been added. The Company believes that the merger of human capital from both cultures will be positive and create the largest cement manufacturer in Peru. Table N 1 PAYROLL CHANGES CLASIFICATION Administrative Employees Labourers TOTAL The 2011 figures are the sum of personnel working for Cemento Andino S.A. and Cementos Lima S.A.A.
31 PAGE UNACEM ANNUAL REPORT
32 Labour unions Harmonious industrial relations enabled us to achieve a high degree of performance and productivity in the plants during Before the merger, in March 2012 a collective bargaining agreement was entered into with the Labour Union of Cía. Cemento Andino S.A. for a one year period ending on the 31st December In July 2012 a collective bargaining agreement was signed with the Labour Union of Cementos Lima S.A.A. Atocongo Quarries, which is valid for three years. The agreements show our collaborators confidence and commitment to the Company s goals, leading to greater synergies, communication and collaboration in solving problems and maintaining an excellent climate in the workplace. Training and personal development Complying with our commitment to continual improvement, we improve the skills of our collaborators by the use of regular training programs. At present we use a competency management model, which includes job profile analysis, recruitment and selection, performance evaluation, personal development and training. In order to guarantee the competences of our personnel, the Company s policy towards its human capital is to promote and facilitate the professional and technical development of its collaborators through continual training, both in Peru and abroad.
33 Within this framework, during 2012 we provided a total of 20,730 manhours of training, equivalent to an average of 33.4 hours per employee. The following table shows this in detail: Table N 2 CLASSIFICATION OF MANHOURS DEVOTED TO TRAINING INHOUSE OUTSIDE THE COMPANY TOTAL PERÚ ABROAD 8,296 hours 12,282 hours 152 hours 20,730 hours The XX Training Program for Professionals, involving 33 young professionals in different specialties ended in September. At the same time we opened the XXI Program in which 24 recently qualified professionals are taking part. PAGE UNACEM ANNUAL REPORT Furthermore, and as part of our commitment to support youth training in Peru, we hosted visits by 1,038 students from various universities.
34 3. PROJECTS Because these are the goals that encourage us to become bigger every day. Our principal commitment is to meet the growing demand of the Peruvian market. For that reason the increase in the installed capacity of our Atocongo and Condorcocha plants will enable us to produce 7.6 million tons of cement each year.
35 PAGE UNACEM ANNUAL REPORT
36 PROJECTS The following is a description of the most relevant information on projects implemented in 2012 at both Atocongo and Condorcocha plants: Increase in the Production Capacity of Atocongo Plant During 2012 work continued on the project to increase the production capacity of Atocongo plant to approximately 4.8 million tons of clinker a year and to increase its cement milling capacity to 5.5 million tons a year. This work required Kiln I to be shut down from the 1st of July 2012 in order to carry out a series of modifications, including steelwork, new mechanical and electrical equipment and new civil engineering work; this kiln is expected to be back in production at its new capacity of 7,500 tons of clinker a day in April By the close of 2012 the steelwork was 99.0% complete and installation 82.0% complete. During the year the civil engineering work on new clinker silos N 13 and N 14 was completed, together with the new process ventilation building and clinker cooling building. The new Kiln I cooler electro filter is complete and ready to be connected to the new cooler on this production line. Electromechanical erection work on the clinker crusher was completed in December 2012, before offload tests were carried out and the unit commissioned. Furthermore, testing and commissioning of the raw mill were carried out in February 2013.
37 Installation of the refractory linings for the new heat exchanger and calcinator was approximately 70.0% completed at the close of The process of alignment and welding of the new sectors of Kiln I is well advanced; the new operating mechanism, tire and other equipment are already installed and will be aligned during February Increase in the Production Capacity of Condorcocha Plant Installation of the clinker cooler crossbar system, is now completed and by the end of the year its refractory lining was also 75.0% finished. Installation of the hydraulic system began in December 2012 and will be completed by the end of February During 2012 we satisfactorily concluded the project to increase the production of Condorcocha plant by 700,000 mt, by installing a complete new production line known as Kiln 4. This kiln has a production capacity of 2,100 tons of clinker a day, which, together with the three existing kilns, increases daily production to a total of 5,900 tons. This project was conceived as part of a commitment by UNACEM S.A.A. to meet growing market demand and to increase the annual production of Condorcocha from 1 260,000 tons to 1 960,000 tons or approximately 55.0%. PAGE UNACEM ANNUAL REPORT The project was implemented in three simultaneous stages. Stage 1 was operational by the beginning of 2012 and consists basically of secondary crushing and transport of raw materials. Work on stage 2 continued with the raw mill and clinker production process, leading to the final stage 3 consisting of the cement mill and dispatch system.
38
39 Offload testing of the raw mill and mixing system started at the beginning of 2012 before the installation of refractory linings in the preheater, kiln and cooler; the final drying of the refractory material was completed in March. The final part of the project, carried out at the same time as the offload tests, consisted of installing the integral air, cooling water, diesel oil feed system and CO 2 system in the coal bunkers. Kiln heating started in April. The stage 3 installation work was completed at simultaneously and preparations were made for the start of commissioning testing in this stage. Finally, onload tests of the equipment were carried out, during which the raw mill exceeded the production capacity guaranteed by the supplier. Capacity tests were also carried out on the kiln and cooler, and during the third quarter construction and commissioning of the cement mill and dispatch system were completed. PAGE UNACEM ANNUAL REPORT
40 4. SUBSIDIARIES AND AFFILIATES Those who share our vision and values for development. Almost 100 years of experience has enabled us to develop subsidiary companies that help to expand the construction and energy sectors, creating economic value and responsability to help Peru to develop.
41 PAGE UNACEM ANNUAL REPORT
42 SUBSIDIARIES AND AFFILIATES INVECO S.A. / UNICON S.A. Holding: 93.4% of INVECO / 100.0% of UNICON Ready mixed concrete dispatches rose in 2012, amounting to 2 043,476 m 3 for the whole country, a figure 16.0% higher than the volume dispatched in This was due principally to growth in the demand for new housing, shopping malls and infrastructure. In the Lima market 1 568,635 m 3 of concrete were dispatched (an increase of 15.7% compared with 2011), whilst outside the capital 474,841 m 3 were dispatched (an increase of 17.0% compared with 2011). Commercial agreements in 2012 were responsible for 2 225,388 m 3 of concrete. In December of that year the company had entered into agreements for the future supply of 1 246,638 m 3 of concrete. During the year new plants were installed and new vehicles added to the fleet, giving UNICON a production capacity in Lima of 1,160 m 3 /hour at the close of 2012; the company has 7 fixed plants, 359 mixer trucks and 95 concrete pumps. UNICON s financial statements as at the 31st of December 2012 were audited by Medina, Zaldivar, Paredes & Asociados, a member company of Ernst & Young, and approved by the board of directors on the 30th of January 2013, with the following results: Net sales of S/ million (S/ million in 2011). Net results of S/ million (S/ million in 2011). Net equity of S/ million (S/ million in 2011).
Annual Report 2007 ETTING BETTER together with Peru Results 2007 PRICES OF TYPE I CEMENT (in Nuevos Soles, ex-works per metric ton, excluding packing, distribution fee and VAT) TOTAL LONG TERM DEBT AT
More informationEXPAnSIon WItHOut BORDeRs
Annual report 2014 EXPAnSIon WItHOut BORDeRs 2 2014 AnnuAl RepoRt 3 Annual report 2014 EXPAnSIon WItHOut BORDeRs 4 2014 AnnuAl RepoRt 5 metropolitano CEnTrAL STATIon, LImA. we HAve positioned unacem AS
More informationTernium Announces First Quarter 2015 Results
Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces First Quarter 2015 Results Luxembourg, April 29, 2015 Ternium S.A. (NYSE: TX) today announced
More informationFY2013 Consolidated Financial Results
May 12, 2014 Company name : Nissan Motor Co., Ltd. Code no : 7201 (URL http://www.nissan-global.com/en/ir/) Representative : Carlos Ghosn, President Contact person : Joji
More informationFOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationHARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013
HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS
More informationFINANCIAL RESULTS FOR THE THREE MONTH ENDED JUNE 2013
FINANCIAL RESULTS FOR THE THREE MONTH ENDED JUNE 2013 Based on US GAAP Mitsubishi Corporation 2-3-1 Marunouchi, Chiyoda-ku, Tokyo, JAPAN 100-8086 http://www.mitsubishicorp.com/ Mitsubishi Corporation and
More informationConsolidated Financial Statements (For the fiscal year ended March 31, 2013)
Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction
More informationFURTHER PROFIT GROWTH IN FIRST-HALF 2015
FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,
More informationNovember 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP]
November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co., Ltd. (URL http://www.idemitsu.com)
More informationQuarterly Results Telefónica del PerúS.A.A. and subsidiaries
Quarterly Results Telefónica del PerúS.A.A. and subsidiaries October December 2000 Significant Events A brief containing the most significant events that occurred since October 2000 is presented below:
More informationKYODO PRINTING CO., LTD. and Consolidated Subsidiaries
KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,
More information(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None
Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President
More informationConsolidated Financial Report 2009
Consolidated Financial Report 2009 Fiscal year ended March 31, 2009 Management's Discussion and Analysis Forward-looking statements in this document represent the best judgment of the Kagome Group as of
More informationLogwin AG. Interim Financial Report as of 31 March 2015
Logwin AG Interim Financial Report as of 31 March 2015 Key Figures 1 January 31 March 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 274,433 278,533 Change on 2014-1.5% Solutions 101,821
More informationATS AUTOMATION TOOLING SYSTEMS INC.
Interim Consolidated Financial Statements For the period ended June 29, 2014 (Unaudited) (Condensed) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars unaudited) June
More informationConsolidated Financial Report for the Third Quarter of Fiscal Year Ending March 31, 2011 [Japan GAAP]
Note) This translation is prepared and provided for readers' convenience only. In the event of any discrepancy between this translated document and the original Japanese document, the original document
More informationInterim financial report for the period 1 January to 30 September 2011
Company announcement no. 11/ 18 November Page 1 of 9 Interim financial report for the period 1 January to 30 September Highlights Results improved in the third quarter with a gross profit of USD 8 million
More informationFY2014 Consolidated Financial Results
May 13, 2015 Company name : Nissan Motor Co., Ltd. Code no : 7201 (URL http://www.nissan-global.com/en/ir/) Representative : Carlos Ghosn, President Contact person : Joji
More informationCapcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011
Capcon Holdings plc Interim Report 2011 Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc ("Capcon" or the "Group"), the AIM listed investigations and risk management
More informationConsolidated results for the third Quarter Period in FY2014
Consolidated results for the third Quarter Period in FY2014 2014/2/7 Company Name Watami Co., Ltd. Listing: First Section of Tokyo Stock Exchange Code Number 7522 URL http://www.watami.co.jp/ Representative
More informationUnaudited Nine Months Financial Report
RECRUITING SERVICES Amadeus FiRe AG Unaudited Nine Months Financial Report January to September 2015 Temporary Staffing. Permanent Placement Interim Management. Training www.amadeus-fire.de Unaudited Nine
More informationChina Clean Energy Announces Third Quarter 2011 Financial Results
China Clean Energy Inc. ccontact: China Clean Energy Inc. William Chen, CFO Email: william.chen@chinacleanenergyinc.com Website: http://www.chinacleanenergyinc.com CCG Investor Relations Inc. David Rudnick,
More informationConsolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP]
Consolidated Financial Results for the Six Months Ended September 30, 2015 [Japanese GAAP] November 6, 2015 Company name: Shibaura Electronics Co., Ltd. Stock exchange listing: Tokyo Stock Exchange Code
More informationFull year and fourth quarter 2014 results 1
Full year and fourth quarter results 1 Luxembourg, February 12, 2015 Highlights Health and Safety frequency rate 2 of 1.1x in compared to 1.3x in 2013. Shipments of 1,813 thousand tonnes in full year,
More informationReece Australia Limited (ABN 49 004 313 133) and controlled entities
Reece Australia Limited (ABN 49 004 313 133) and controlled entities Half-year information for the six months ended 31 December 2008 provided to the ASX under listing rule 4.2A. This half-year financial
More informationGood morning, this is Jose Velez, CEO of Cementos Argos. I am joined by Mr. Ricardo Sierra, CFO and Maria Clara Aristizabal, Assistant to the CEO.
CONFERENCE CALL SCRIPT CEMENTOS ARGOS FIRST QUARTER RESULTS 2009 Good morning, this is Jose Velez, CEO of Cementos Argos. I am joined by Mr. Ricardo Sierra, CFO and Maria Clara Aristizabal, Assistant to
More informationOverview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)
November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company
More informationFinancial Results for the First Quarter Ended June 30, 2014
July 28, 2014 Company name : Nissan Motor Co., Ltd. Code no : 7201 (URL http://www.nissan-global.com/en/ir/) Representative : Carlos Ghosn, President Contact person : Joji
More informationSummary of Financial Statements (J-GAAP) (Consolidated)
Summary of Financial Statements (J-GAAP) (Consolidated) February 10, 2016 Company Name: Sodick Co., Ltd. Stock Exchange: Tokyo Stock Exchange, 1st Section Code Number: 6143 URL: http://www.sodick.co.jp
More informationFOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationFINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents
1 FINANCIAL STATEMENTS Alberta Beverage Container Recycling Corporation Contents 2 Independent Auditor s Report 3 Statement of Operations and Changes in Net Assets 4 Statement of Financial Position 5 Statement
More informationFINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles)
FINANCIAL SUMMARY FY2015 First Quarter (April 1, 2014 through June 30, 2014) English translation from the original Japanese-language document TOYOTA MOTOR CORPORATION FY2015 First Quarter Consolidated
More informationAcerinox, S.A. and Subsidiaries. Consolidated Annual Accounts 31 December 2014. Consolidated Directors' Report 2014. (With Auditors Report Thereon)
Acerinox, S.A. and Subsidiaries Consolidated Annual Accounts 31 December 2014 Consolidated Directors' Report 2014 (With Auditors Report Thereon) (Free translation from the original in Spanish. In the event
More informationNet cash balances at the year-end were 2.87 million (2014: 2.15 million) and total capital expenditure during the year was 626,000 (2014: 386,000).
Preliminary Announcement for the year ended 30 September 2015 Chairman s Statement The result for the year to 30 September 2015 is a net Profit before Taxation of 1,869,000 (2014: 1,333,000), on Revenues
More informationConsolidated financial statements
Summary of significant accounting policies Basis of preparation DSM s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted
More informationper share diluted 44.40 Equity ratio millions of yen 188,789 Total
Consolidated Financial Results for the First Half of the Fiscal Year Ending March h 31, 2016 (April 1, 2015 through September 30, 2015) ( Prepared pursuant to Japanese GAAP) All financial information has
More informationUnaudited Financial Report
RECRUITING SERVICES Amadeus FiRe AG Unaudited Financial Report Quarter I - 2015 Temporary Staffing. Permanent Placement Interim Management. Training www.amadeus-fire.de Unaudited Amadeus FiRe Group Financial
More information3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014
More informationConsolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP]
Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] October 27, 2010 Company Name: KOITO MANUFACTURING CO., LTD. Stock Listing: First Section, Tokyo Stock Exchange Code Number:
More informationConsolidated financial statements of. BIOX Corporation. For the three month periods ended December 31, 2010 and 2009. (Unaudited)
Consolidated financial statements of BIOX Corporation Table of contents Consolidated statements of operations and comprehensive income (loss)... 1 Consolidated statements of deficit... 2 Consolidated balance
More informationAudit Report of Independent Certified Public Accountants
Audit Report of Independent Certified Public Accountants The Board of Directors Acer Incorporated: We have audited the non-consolidated balance sheets of Acer Incorporated (the Company ) as of June 30,
More informationConsolidated Nine-month Report of Baader Bank AG as of 30 September 2012
Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012 Overview of key figures EARNINGS 1 Jan. - 30 Sept. 2012 1 Jan. - 30 Sept. 2011 Change % Net interest income thou. 4.06 4.66-13.0
More information(April 1, 2015 June 30, 2015)
Financial Results Summary of Consolidated Financial Results For the Three-month Period Ended June 30, 2015 (IFRS basis) (April 1, 2015 June 30, 2015) *This document is an English translation of materials
More informationConsolidated Financial Summary for the Six Months Ended September 30, 2008
Member of Financial Accounting Standards Foundation Consolidated Financial Summary for the Six Months Ended September 30, 2008 Date: November 11, 2008 Name of Listed Company: NOK Corporation Securities
More informationCONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009
CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 (March 1, 2009 to May 31, 2009) July 9, 2009 F&A Aqua Holdings, Inc. is listed on the First Section of the Tokyo Stock Exchange under the securities
More informationConsolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)
Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp
More informationManagement s Discussion and Analysis
Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion
More informationPublic Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six
Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six months ended 30 June 2015 Contents Consolidated Statement
More informationBALANCE SHEET AND INCOME STATEMENT
BANCOLOMBIA S.A. (NYSE: CIB; BVC: BCOLOMBIA, PFBCOLOM) REPORTS CONSOLIDATED NET INCOME OF COP 1,879 BILLION FOR 2014, AN INCREASE OF 24% COMPARED TO 2013. Operating income increased 23.8% during 2014 and
More informationof Fiscal 2006 (Consolidated)
Outline of Financial Results for the 3rd Quarter of Fiscal 2006 (Consolidated) Feb.3, 2006 For Immediate Release Company Name (URL http://www.fhi.co./jp/fina/index.html ) : Fuji Heavy Industries Ltd. (Code
More informationRegulated information
Regulated information JENSEN-GROUP Half Year Results 2012 1 Consolidated, not audited key figures: Income Statement 30/06/2012-30/06/2011 Non-audited, consolidated key figures (million euro) June 30, 2012
More informationCelulosa Arauco y Constitución S.A. First Quarter 2015 Results. May 19 th, 2015
Celulosa Arauco y Constitución S.A. First Quarter 2015 Results May 19 th, 2015 3 4 9 11 13 14 15 Highlights Income statement analysis Review by business segment Balance sheet analysis Financial ratios
More informationConsolidated Interim Report
Consolidated Interim Report as of 31 March 2015 UNIWHEELS AG CONTENTS 1. Key performance data 2. Condensed group management report as of 31 March 2015 3. Condensed consolidated financial statements as
More informationFRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS
For Immediate Release For Further Information Refer to: John J. Haines 260-824-2900 FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS Bluffton, Indiana July 30, 2013 - Franklin Electric
More informationSurface Transforms Plc. ( Surface Transforms or the Company ) Half-year financial results for the six months ended 30 November 2015
3 February 2016 Surface Transforms Plc. ( Surface Transforms or the Company ) Half-year financial results for the six months 30 November Surface Transforms, (AIM:SCE) manufacturers of carbon fibre reinforced
More informationIllustrative Financial Statements Prepared Using the Financial Reporting Framework for Small- and Medium-Entities
Illustrative Financial Statements Prepared Using the Financial Reporting Framework for Small- and Medium-Entities Illustrative Financial Statements This component of the toolkit contains sample financial
More informationEXPLANATORY NOTES. 1. Summary of accounting policies
1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists
More informationINTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS
Press Release INTERACTIVE DATA REPORTS FOURTH-QUARTER AND FULL- YEAR 2014 RESULTS New York February 12, 2015 Interactive Data Corporation today reported its financial results for the fourth quarter and
More informationO KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014
Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results
More informationSummary of Consolidated Financial Results for the Nine Months ended December 31, 2014
Summary of Consolidated Financial Results for the Nine Months ended January 30, 2015 Company Name: NGK INSULATORS, LTD. URL: http://www.ngk.co.jp/english/ Listing Code: 5333 Stock Exchange Listings: Tokyo
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.
More informationNOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,
More informationNOK CORPORATION and Consolidated Subsidiaries Consolidated Financial Results for the First Quarter Ended June 30, 2008
Member of Financial Accounting Standards Foundation NOK CORPORATION and Consolidated Subsidiaries Consolidated Financial Results for the First Quarter Ended June 30, 2008 Name of Listed Company: NOK Corporation
More informationUNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015
BE SEMICONDUCTOR INDUSTRIES N.V. DUIVEN, THE NETHERLANDS UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015 Contents Unaudited Condensed Interim Consolidated
More informationDiluted net income per share. Six months ended Sep. 30, 2012 0.40 0.39 Six months ended Sep. 30, 2011 (1.09) -
November 9, 2012 Summary of Consolidated Financial Results for the Second Quarter of Fiscal Year Ending March 31, 2013 (Six Months Ended September 30, 2012) [Japanese GAAP] Company name: Japan System Techniques
More informationFor Immediate Release
For Immediate Release BRAMPTON BRICK REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2014 (All amounts are stated in thousands of Canadian dollars, except per share amounts.) BRAMPTON,
More informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More informationConsolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013
Consolidated Financial Results (Japanese Accounting Standards) for the First Half of the Fiscal Year Ending February 28, 2013 September 27, 2012 Company name Aeon Mall Co., Ltd. Listings The First Section
More informationINTERIM REPORT OF THE CARRARO GROUP AS OF 30 JUNE 2004
CARRARO S.p.A. Registered offices in Via Olmo 37, Campodarsego, Padua, Italy Share capital Euro 21,840,000 fully paid in Tax code, VAT No. and enrolment in the Padua Companies Register under No. 00202040283
More information(unaudited expressed in Canadian Dollars)
Condensed Consolidated Interim Financial Statements of CARGOJET INC. For the three month periods ended (unaudited expressed in Canadian Dollars) This page intentionally left blank Condensed Consolidated
More informationN Brown Group plc Interim Report 2013
N Brown Group plc Interim Report 2013 2013 4CUSTOMER CENTRIC SEGMENTS FINANCIAL SUMMARY Financial Highlights 2013 2012 Revenue 409.6m 379.3m Operating profit 48.4m 45.7m Adjusted profit before taxation*
More informationConsolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors
Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent
More informationTower International Reports Solid Third Quarter And Raises Full Year Outlook
FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer
More informationConsolidated and Non-Consolidated Financial Statements
May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,
More informationFirst quarter 2015 results 1
First quarter results 1 Luxembourg, May 5, Highlights Health and Safety frequency rate 2 of 1.3x in Q1 compared to 1.8x in Q4. Shipments of 469 thousand tonnes in Q1 compared to shipments of 439 thousand
More informationExample Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for
Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)
More informationConsolidated Financial Statements
Consolidated Financial Statements For the year ended February 20, 2016 Nitori Holdings Co., Ltd. Consolidated Balance Sheet Nitori Holdings Co., Ltd. and consolidated subsidiaries As at February 20, 2016
More informationBrief Statement of the Third Quarter Financial Results for the Fiscal Year Ending March 2016 [Japanese GAAP (Consolidated)]
(Translation for reference only) In the event of any discrepancy between this translated document and the original Japanese document the original document shall prevail. Brief Statement of the Third Quarter
More informationInterim consolidated financial statements as of September 30, 2007
1 Interim consolidated financial statements as of September 30, 2007 January 1 through September 30, 2007 MeVis Medical Solutions AG laying the foundation for further dynamic growth: Sales plus other operating
More informationInterim Consolidated Financial Statements (Unaudited)
Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese
More informationTO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS
QUARTERLY STATEMENT AS OF MARCH 31, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has made a dynamic start in the 2015 financial year and continues
More informationSummary Statement of Second Quarter Settlement of Accounts Fiscal Year Ending March 31, 2009
JASDAQ November 7, 2008 Summary Statement of Second Quarter Settlement of Accounts Fiscal Year Ending March 31, 2009 Listed Company Name: Plaza Create Co., Ltd. Listed Market: JASDAQ Code Number: 7502
More informationQuarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP)
February 10, 2016 Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) (1st Quarter / October 1, 2015 December 31, 2015) Company Name Hosokawa Micron Corporation Stock Exchange
More informationVASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013
CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 INTERIM MANAGEMENT REPORT (UNAUDITED) FOR THE 6 MONTHS ENDED 30 JUNE 2013 1. Key Risks and uncertainties Risks and uncertainties
More information1. Basis of Preparation. 2. Summary of Significant Accounting Policies. Principles of consolidation. (a) Foreign currency translation.
Nitta Corporation and Subsidiaries Notes to Consolidated Financial Statements March 31, 1. Basis of Preparation The accompanying consolidated financial statements of Nitta Corporation (the Company ) and
More informationFINANCIAL STATEMENTS 2013
452/green [A subsidiary of SaskPower] NorthPoint Energy Solutions Inc. FINANCIAL STATEMENTS 2013 711/red Report of Management The financial statements of NorthPoint Energy Solutions Inc. (NorthPoint)
More informationSummary of Consolidated Financial Statements for the Second Quarter of Fiscal Year Ending March 31, 2012 (Japanese GAAP)
This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the Second
More informationINTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting
www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial
More informationPreparing Agricultural Financial Statements
Preparing Agricultural Financial Statements Thoroughly understanding your business financial performance is critical for success in today s increasingly competitive agricultural environment. Accurate records
More informationPioneer Announces Business Results for Fiscal 2014
For Immediate Release May 12, 2014 Pioneer Announces Business Results for Fiscal 2014 Pioneer Corporation today announced its consolidated business results for fiscal 2014, the year ended March 31, 2014.
More informationConsolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards]
The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued
More informationSummary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016
October 9, 2015 Summary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016 Toyo Denki Seizo K.K. Stock Exchange: 1st Section of the Tokyo Stock
More informationVirgin Australia Holdings Limited
Virgin Australia Holdings Limited (Formerly Virgin Blue Holdings Limited) APPENDIX 4D HALF YEAR REPORT HALF YEAR ENDED 31 DECEMBER 2011 VIRGIN AUSTRALIA HOLDINGS LIMITED ACN 100 686 226 Virgin Australia
More informationWestern Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)
Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,
More informationNotes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008
Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008 1. Basis of Preparation KIKKOMAN CORPORATION (the Company ) and its domestic
More informationJanuary 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 <under Japanese GAAP>
Translation January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 Company name: Alpine Electronics, Inc. Listing: First
More informationConsolidated Financial Review for the Second Quarter Ended September 30, 2014
Consolidated Financial Review for the Second Quarter Ended September 30, 2014 TOKYO ELECTRON Oct 29, 2014 Company name: Tokyo Electron Limited URL: http://www.tel.com Telephone number: (03) 5561-7000 Stock
More informationFebruary 2, 2016 Consolidated Financial Results for the Third Quarter of Fiscal Year 2015 (From April 1, 2015 to December 31, 2015) [Japan GAAP]
February 2, 2016 Consolidated Financial Results for the Third Quarter of Fiscal Year 2015 (From April 1, 2015 to December 31, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co.,Ltd. (URL http://www.idemitsu.com)
More informationConsolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016
Consolidated Results for the First Quarter of the Fiscal Year Ending March 20, 2016 [Japan GAAP] July 21, 2015 Listed company name: YASKAWA Electric Corporation http://www.yaskawa.co.jp/en/ Representative:
More information