Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address

Croda International (CRDA)

  Print      Mail a friend

Wednesday 08 April, 2009

Croda International

Annual Financial Report

RNS Number : 3545Q
Croda International PLC
08 April 2009
 



Croda International Plc - Annual Financial Report


Croda International Plc (the 'Company') confirms that its Annual General Meeting will be held at 12 noon on 29 April 2009 at Carlton TowersCarlton, Goole, East Yorkshire, DN14 9LZ.


In accordance with Listing Rule 9.6.1, the Company has submitted to the UK Listing Authority two copies of the following documents:


- Annual Report and Accounts for the year ended 31 December 2008

- Notice of Annual General Meeting

- Corporate Social Responsibility Report


The Annual Report and Accounts for the year ended 31 December 2008 are available on the Company's website at


www.croda.com


The documents are available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at: The Financial Services Authority, 25 The North Colonnade, Canary WharfLondonE14 5HS.


The Notice of Annual General Meeting for 2009 includes a resolution to amend the Articles of Association with effect from the conclusion of the meeting. Copies of the proposed revised Articles of Association are available on our website at www.croda.com 


_______________________________________________________________



IMPORTANT: EXPLANATORY NOTE AND WARNING


The primary purpose of this announcement is to inform the market about the publication of the Company's Annual Report and Accounts for the year ended 31 December 2008 (the '2008 Annual Report and Accounts').


The information below, which is extracted from the 2008 Annual Report and Accounts, is included solely for the purpose of complying with DTR 6.3.5 and the requirements it imposes on issuers as to how to make public annual financial reports. It should be read in conjunction with the Company's Preliminary Announcement issued on 17 February 2009. Together these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. This material is not a substitute for reading the full 2008 Annual Report and Accounts. Page numbers and cross-references in the extracted information below refer to page numbers and cross-reference in the 2008 Annual Report and Accounts.


ADDITIONAL INFORMATION REQUIRED BY DISCLOSURE AND TRANSPARENCY RULE 6.3.5


Statement of Directors' Responsibilities for Preparing the Financial Statements


The following statement which was prepared for the purposes of the 2008 Annual Report and Accounts is set out on page 38 of that document. As set out above, this statement is repeated here solely for the purpose of complying with DTR 6.3.5. This statement relates to and is extracted from the 2008 Annual Report and Accounts. It is not connected to the extracted and summarised information presented in this announcement and in the Company's Preliminary Announcement that was published on 17 February 2009.


' Each of the directors, whose details are set out on pages 20 to 21 confirms that, to the best of their knowledge:


i         the Group financial statements, which have been prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group; and

i         the Chief Executive's review on pages 4 to 9 includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces.
 
   

By order of the Board


Louise Scott

Secretary

16 February 2009'




Related Party Transactions


There are no related party transactions disclosed in the 2008 Annual Report and Accounts.



Principal Risks and Uncertainties


The following description of principal risks and uncertainties is set out on pages 11 and 12 of the 2008 Annual Report and Accounts. As set out above, this description is repeated here solely for the purpose of complying with DTR 6.3.5.


'Risk Management


Croda co-ordinates its approach to risk management globally through its Risk Management Committee. This committee is chaired by the Finance Director and comprises the heads of each global business unit, the Group Financial Controller and the Company Secretary. It meets quarterly and reports directly to the Board.


Risks facing the group are regularly reviewed and the committee evaluates the controls and procedures we have in place to mitigate these risks. 


The key risks facing Croda are ranked in order of a combination of economic consequence and likelihood of occurrence as follows:


People and Process


Major site event involving the loss of a site

Significant operational problems could have an adverse effect on Croda's financial position. We are reliant on the continued operation of various manufacturing sites.


Loss of key personnel

We rely on employees such as divisional boards and technical experts whose vision and knowledge is critical to maintaining the companies' success. We have procedures in place to identify and retain key employees and develop succession plans for key positions.


Interruption of raw material supply

Interruption of key raw materials would significantly impact operations and our financial position. Interruption of supply could arise from implementation of new more rigorous legislation, or from market shortage. We purchase key raw materials under long term contracts and manage our raw materials stock levels taking these considerations into account.


Major environmental incident

Violations of environmental, health and safety regulations could limit operations and expose the company to liability, cost and reputational impact. In addition to maintaining compliance with national and international standards, we maintain strictly audited internal safety and health programmes. 


External environment


Product liability

Croda sells into a number of highly regulated markets. Non compliance with quality regulations could expose the company to liability. Quality management procedures are in place for each site, and all manufacturing sites hold or are working towards ISO9001 standards, and this year major sites have been audited against Good Manufacturing Practice (GMP) standards.


Regulatory compliance

As a chemical producer, Croda is subject to a number of National Chemical legislations, and violation of these could limit markets into which we can sell. The most significant legislation currently facing the Group is the implementation of REACH (Registration, Evaluation and Authorisation of Chemicals) in Europe. We have introduced a range of procedures which will ensure that we are well prepared for the new regulations and pre-registration has been completed for all relevant chemicals.


Business systems


IT systems failure

Croda relies on IT systems to operate effectively and efficiently and to facilitate communication globally. Failure of these systems for a prolonged period of time will have an impact on operations and ultimately our financial position.  


Following the acquisition of Uniqema, Croda inherited a number of diverse IT systems. Failure to integrate these quickly (or failure of the systems themselves) will hinder effective communication throughout the group and distract focus. We have a Global IT group who are experienced in IT implementation and back up processes and we have hot standby systems in place.  


Financial


Management of pension fund assets

Croda has legal commitments relating to provision of pensions and the operation of the pension scheme. Pension fund assets are managed by independent investment managers but in current market conditions increased future funding requirements may have an adverse effect on Croda's financial position.


Working capital management

Cash flow generation from the effective management of working capital is required to support the cash outflows arising from servicing of debt, capital programmes, and pension fund requirements.


A nominated member of the risk committee is responsible for ensuring best practice is followed in tackling each risk area and that continuous progress is made in reducing the risks faced by the Group.


All divisions, sites and certain functions have risk registers relevant to their area which are reviewed by internal audit to ensure they are appropriate and the necessary controls are in place.



Sean Christie

Group Finance Director'






Enquiries:



Louise Scott

Company Secretary & Legal Counsel


8 April 2009


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACSCKFKQKBKDCQK