...economic, Social and enviromental performance member of the mol group annual report 2008 tvK at a glance Key financial and operating data Letter from the Chairman Overview of the environment OUR BUSINESSES Major Strategic Goals Consolidated Companies Our Production Our Sales 4 6 8 12 16 20 22 28 FINANCIAL AND OPERATIONAL PERFORMANCE Management Discussion and Analysis on the results 34 Independent Auditor’s report 46 Consolidated Financial Statements 49 Supplement to the consolidated financial statement 55 1 10 Key Corporate Data SUSTAINABILIT y REPORT Main results and goals Protecting the Environment Human Focus Our Quality Management Our Social Commitment Performance indicators CORPORATE GOVERNANCE Corporate Governance Integrated Risk Management Board of Directors Top Management Structure of Organization of TVK Plc. Supervisory Board Report by the Supervisory Board Corporate Information GLOSSARY OF TERMS SHAREHOLDER INFORMATION STATEMENT OF RESPONSIBLIT Y 1 16 122 125 132 133 136 142 150 152 156 158 159 161 162 165 168 169 2 tvK annual report 2008 content tvK at a glance Tisza Chemical Group Public Limited Company (TVK Plc. or TVK) operates in Tiszaújváros, as a member of the Petrochemical Division of the MOL Group, and cooperates integratedly with Slovnaft Petrochemicals, s.r.o., in Bratislava. We are supplying polymers mainly to European plastic processing companies, and our olefin sales are significant mainly towards the Hungarian chemical and...
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...JYSK Nordic 2007-2008 ANNUAL REPORT 1 Forward – together Foreword This is the Annual Report 07/08 for JYSK Nordic, the designation given to the companies in the JYSK Group with stores in Scandinavia, Central Europe, the Netherlands and the UK. This report covers 11 of the 32 countries in which JYSK is currently represented. This annual report does not cover JYSK companies such as Dänisches Bettenlager in Germany and Austria or JYSK in Switzerland and France. JYSK Franchise and other companies in JYSK Holding A/S have also not been included. We have given this Annual Report the title ”Forward – together”. This is partly because our expansion is continuing and partly because one of our great strengths is our esprit de corps and sense of community among JYSK's 14,000 employees. A strong sense of community and professional advice for our customers was our basic philosophy when the first JYSK store opened on Silkeborgvej in Aarhus almost 30 years ago. This is still our philosophy today – and it will be in the future. Happy reading! Lars Larsen Chairman of the Board Jan Bøgh Managing Director Lars Larsen opened his first store in 1979. JYSK is now an international group with approximately 1,450 stores in 32 countries and more than 14,000 employees. JYSK wants to offer everyone a great bargain and has ambitions to open shops across the world. The group is owned by Lars Larsen, and the annual turnover is approximately 15 billion Danish kroner. 2 Introduction...
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...voltak képesek előre jelezni a terméken ténylegesen realizált veszteségeket, vagyis mennyire volt indokolt döntés az ügyletkötés. 1. BEVEZETÉS A 2000-es években a forintnak az euróval szembeni árfolyamát rendkívüli stabilitás jellemezte. Bár a hazai deviza kamatszintje átlagosan 3-6 százalékponttal volt magasabb, mint az euróé, az árfolyam nemhogy nem gyengült a fedezett kamatparitásnak megfelelően, de folyamatosan erősödni látszott. A 2003-as, 2006-os gyengülések után mindig konszolidáció következett, egyre inkább elterjedt a hit az árfolyam átlaghoz visszatérő jellegében. Ezt erősítette az is, hogy bár a jegybanknak hivatalosan nem volt árfolyamcélja, többször elhangzott mind a pénzügyminisztérium, mind az MNB részéről, hogy a 250-260 EUR/HUF közötti árfolyamsávot tartják kívánatosnak (Naszódi [2004]). Ehhez a környezethez alkalmazkodva, a gazdasági szereplők minden szinten (kormányzat, vállalatok, lakosság) egyre inkább devizában adósodtak el, és a forint erősségére játszó...
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...JYSK Nordic ANNUAL REPORT 2010 - 2011 Contents Foreword 3 Introduction 4 Formal company management 5 Management report 6 Summary of key figures 8 JYSK Nordic 9 Denmark 10 Sweden 11 Norway 12 Finland 13 Poland 14 Czech Republic/Slovakia 15 Hungary 16 Netherlands 17 Slovenia, Croatia, Bosnia-Herzegovina, Serbia 18 UK 19 China 20 Expectations 21 Comments 23 Social responsibility 25 Profit and loss account 28 Balance sheet 29 Cover photo: Jennie, Store Manager at JYSK Finland 2 Foreword This is the 2010/11 annual report for the part of the JYSK Group known as JYSK Nordic. This th 2010/11 th JYSK report covers those companies with stores in the Nordic countries, central Europe, the Netherlands, the UK and China. The report thus covers 15 of the countries in which JYSK now has stores. The report does not cover the stores in Germany, Austria, Switzerland, France, Spain or Italy, which are run by JYSK Nordic's sister company Dänisches Bettenlager, which has its headquarters in Flensburg, Germany. JYSK Franchise and other companies in JYSK Holding A/S have not been included either. Our financial year finished at the end of August. The financial crisis continues to set the agenda for the world economy, so JYSK has focused on cost management and continued expansion during the financial year, as we believe that growth during the crisis will strengthen JYSK. JYSK has opened stores in a new country this year – Serbia, where the customers have...
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...Country Name | Currency Name | Code | Symbol | Afghanistan | Afghani | AFN | Af, Afs | Albania | Lek | ALL | Lek | Algeria | Algerian Dinar | DZD | DA | American Samoa | United States Dollar | USD | $ , ¢ | Andorra | Euro | EUR | € | Angola | Kwanza | AOA | Kz | Anguilla | East Caribbean Dollar | XCD | $ | Antigua and Barbuda | East Caribbean Dollar | XCD | $ | Argentina | Peso | ARS | $ | Armenia | Dram | AMD | | Aruba | Guilder | AWG | Afl. | Ashmore and Cartier Islands | Australian Dollar | AUD | A$ | Australia | Australian Dollar | AUD | A$ | Austria | Euro | EUR | € | Azerbaijan | Manat | AZN | m , man. | Azores | Euro | EUR | € | Bahamas | Bahamian Dollar | BSD | B$ | Bahrain | Bahraini Dinar | BHD | BD | Bajan (Barbados) | Barbadian Dollar | BBD | Bds$ | Balearic Islands | Euro | EUR | € | Bangladesh | Taka | BDT | | Belarus | Belarusian Ruble | BYR | Br | Belgium | Euro | EUR | € | Belize | Belize Dollar | BZD | BZ$ | Benin | West African CFA, Franc | CFA, XOF | CFA , c | Bermuda | Bermudian Dollar | BMD | BD$ | Bhutan | Bhutanese Ngultrum | BTN | Nu. , Ch. | Bhutan | India Rupee | INR | Rs. , p | Bolivia | Boliviano | BOB | Bs. | Bonaire | Netherlands Antilles Guilder | ANG | NAƒ, NAf, ƒ, or f | Bosnia and Herzegovina | Convertible Marka | BAM | KM | Botswana | Pula | BWP | P | Brazil | Real | BRL | R$ | British Indian Ocean Territory | United Kingdom Pound | GBP | £ , p | British Indian Ocean Territory...
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...Establishing a Business in Hungary, Europe Victoria Delay Dr. Michael Jazzar Jones International University Executive Summary I have been hired by a large U.S. Biotechnology Corporation to create a strategic report on establishing a business in Europe. I have the specific task of providing an overview of the cultural, political, and macroeconomic environment in the target city of Budapest, Hungary. Based on these considerations, I am required to make a clear-cut, yes-or-no executive recommendation on whether to establish a business operation abroad. A yes recommendation requires a description of the form that I think that the operation should take (joint venture, direct foreign investment, etc.) and provide a short analysis of risks and benefits. Budapest, Hungary is the capital of Hungary, on the Danube (a river on S. Europe, flowing from SW Germany eastward into the Black Sea).Their native language is Hungarian (Magyar), but some speak German and English. Hungary is considerate to be the center of politics, cultural, commercial, industry and transportation; a vital base to reach all European countries regarding marketing products to surrounding countries. The cost of living is inexpensive and the unemployment rate is low. Hungary was the first country in Central and Eastern Europe to apply for membership of the EU (European Union). The benefit of Hungary’s EU membership has significant effects on the Hungarian economy, and...
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...FX OPTIONS TRADER HANDBOOK Understanding the relationship between CME FX Options on Futures and OTC Options. cmegroup.com/fx As the world’s leading and most diverse derivatives marketplace, CME Group (cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago, and is in the process of launching a London-based derivatives exchange. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk. FX PRODUCTS CME – The Premiere Global Marketplace For FX Averaging $109 billion in daily liquidity and $220 billion in open interest,*CME is not only the world’s largest regulated FX marketplace, we are also the leading FX platform of choice for an increasingly diverse and global customer base. Our high-volume futures and options markets are growing at rates that continue to outperform the broader...
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...DON DON The Case of a Slovenian Gazelle This case study was written by Maja Makovec Brenčič and Monika Lisjak, Faculty of Economics, University of Ljubljana, Slovenia, as a part of the Leonardo da Vinci project “Moving towards the case method”. It is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. 1 There was an atmosphere of tension before the management meeting at DON DON headquarters on 24 February 2005. The board members and regional sales managers were impatiently waiting to discover what was on the corporate agenda of Aleš Mozetič, the cofounder and chairman of the board of directors of the DON DON company. When Mozetič, a young, charismatic, and very ambitious manager, rushed into the room, the tension reached its peak. He briefly greeted the small group of highly committed managers and then energetically started his speech: Dear colleagues, we have been in the same boat for a long time. Most of you have known the DON DON company since its earliest stages of development, when my sister and I started the business. I still remember the excitement and the enthusiasm when we returned from visiting our relatives in Canada in 1993 and announced to our parents that we would enter the doughnut business . . . and the fervour while setting up machinery for baking doughnuts in the family garage. This was followed by a phase of intense work to open the first plant in Škofja Loka...
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...MODEL QUESTIONS --- JAIIB PRINCIPLES OF BANKING – MODULE A & B 1) When a cheque is drawn on a bank, the bank is called the a)Payee b)Drawee c)Drawer d)Endorsee (b) 2) One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called : a)Overdraft b)Temporary loan c)Short term finance d) Ways and Means advance (d) 3) Maximum Bank Rate is: a) 6% b) 20% c) 25% d) None (d) 4) Obligation of a Banker to maintain secrecy is applicable to a) Only in case of existing deposit accounts b) Only in respect existing loan accounts c) Only in case of closed accounts d) All types of deposit/loan accounts (existing/closed) (d) 5) Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as: a) Collecting and Paying banker b) Holder in due course c) Holder for value d) Reimbursement banker (c) 6) As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a : a) Holder in due course b) Payment in due course c) Holder for value d) All of the above (b) 7) At a Railway station, you withdraw cash from ATM of State Bank of India. SBI is a : a) Paying Banker b) Collecting Banker c)...
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...STEP 1: Describe your project and get a quote STEP 2: Enter your personal information STEP 3: Doublecheck the info and confirm your order STEP 4: Proceed to checkout and submit billing information. Order Form - Step 1 Deadline Current office time: Sun, September 28, 2014 9:48 AM Use date/time picker: JanFebMarAprMayJunJulAugSepOctNovDec12345678910111213141516171819202122232425262 728293031, 20142015 @ 1 2 3 4 5 6 7 8 9 10 11 12 : 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 AM PM US Central Time (GMT -06:00) How flexible is your deadline? Select... Absolutely fixed More or less flexible Tip: To avoid disappointment, we suggest that you think of the due date you set above as the moment you will receive your first draft and not the time your project is actually due. While we do our best to meet all your initial instructions, there are times when a revision or rewrite is inevitable and our writers need time for revision to address all your concerns. So please choose the due date wisely, so that you have sufficient time to review the draft and have the writer revise, if needed. Type of project Select... Admission Essay / Application Annotated Bibliography Article Article Critique Book Report Business Plan Capstone Project Case Study Copywriting (brochure, pamphlet) Dissertation Editing...
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...Beer statistics 2010 edition Table of Contents Table of contents ....................................................................................................................................................... p 1 Glossary and abbreviations ....................................................................................................................................... p 2 Foreword................................................................................................................................................................... p 3 Beer trends EU27 2003-2009 ................................................................................................................................... p 5 Beer production 2003-2009 (data) ............................................................................................................................ p 6 Beer production 2009 (chart) .................................................................................................................................... p 7 Beer Consumption 2003-2009 (data) ....................................................................................................................... p 8 Beer consumption 2009 (chart) ................................................................................................................................. p 9 Consumption per capita 2003-2009 (data) ................................................................................
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...CMS_LawTax_CMYK_28-100.eps Duties & Responsibilities of Directors September 2012 With increased consolidation of business across Europe, executives of multinational groups can find that they are required to become directors of companies in a variety of jurisdictions, often at short notice. The rules relating to directorships vary considerably from jurisdiction to jurisdiction. This guide is intended to provide an overview of the duties and responsibilities of directors across 23 countries in Europe, answering the most frequently asked questions for directors coming from another jurisdiction. In many jurisdictions, there are various forms of company available, and there are different rules for directors according to the type of company used. This guide focuses for each jurisdiction on the most common form of company, and on the rules which apply to executive / managing directors. CMS is the organisation of independent European law and tax firms of choice for organisations based in, or looking to move into, Europe. CMS provides a deep local understanding of legal, tax and business issues and delivers client-focused services through a joint strategy executed locally across 28 countries with 52 offices in Western and Central Europe and beyond. CMS was established in 1999 and today comprises ten CMS firms, employing over 2,800 fee earners and is headquartered in Frankfurt, Germany. This guide is intended only to provide a general overview of the matters covered. It is based...
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...Coloplast A/S - Annual report 2012/13 Annual report 2012/13 The Coloplast story begins back in 1954. Elise Sørensen is a nurse. Her sister Thora has just had an ostomy operation and is afraid to go out in public, fearing that her stoma might leak. Listening to her sister’s problems, Elise conceives the idea of the world’s first adhesive ostomy bag. Based on Elise’s idea, Aage Louis-Hansen created the ostomy bag. A bag that does not leak, giving Thora – and thousands of people like her – the chance to return to their normal life. A simple solution with great significance. Today, our business includes ostomy care, urology and continence care and wound and skin care. But our way of doing business still follows Elise’s and Aage’s example: we listen, we learn and we respond with products and services that make life easier for people with intimate healthcare needs. Coloplast develops products and services that make life easier for people with very personal and private medical conditions. Working closely with the people who use our products, we create solutions that are sensitive to their special needs. We call this intimate healthcare. Our business includes ostomy care, urology and continence care and wound and skin care. We operate globally and employ more than 8,000 people. The Coloplast logo is a registered trademark of Coloplast A/S. © 2013-10. All rights reserved Coloplast A/S, 3050 Humlebæk, Denmark. Coloplast A/S Holtedam 1 3050 Humlebæk ...
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...Cégbemutató A Bancpost az egyik legnépszerűbb bankok közé tartozik Romániában és vállalati ügyfelei, a kereskedők és magánszemélyek magas pénzügyi helyzete Romániában széles körű innovatív banki és pénzügyi megoldásokat szab a változó igényekhez. A Bancpost 1991-ben alakult, mint univerzális bank. 2002 novemberében vált az első magán bankká a román bankrendszerek között. A Bancpost már több mint 3500 alkalmazottal és egy olyan hálózattal rendelkezik, melynek több mint 286 fiókja van, emellett 15 regionális és üzleti központ. A Bancpost tagja az EFG Eurobank Group-nak, az európai pénzintézet teljes vagyona 85 900 000 000 EUR (március 2010). A csoport több mint 23.000 alkalmazottal rendelkezik és felajánlja a termékeit és szolgáltatásait beleértve a több mint 1600 fiókot és irodákat. Az Eurobank EFG csoport erősíti Görögországot, Bulgáriát, Szerbiát, Romániát, Törökországot, Lengyelországot, Ukrajnát, Egyesült Királyságot, Luxemburgot és Ciprust. Az Eurobank csoport 40 országban van jelen. Követően alapos szerkezetátalakítási folyamatát és végrehajtásának egyedülálló üzleti modelljét az Eurobank EFG csoportnak, ma élvezzük a Bancpost nyújtotta lehetőségeket, előnyöket, ami nélkülözhetetlen a rendkívül versengő környezetben: a termékek és szolgáltatások hatékonyak, ügyfélközpontúak, jól képzett személyzettel rendelkeznek, optimalizált folyamatok és műveletek, valamint a modern számítógépes rendszerekkel kecsegtetnek. Az egész tevékenység célja a koncentrált...
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...Annual Report At 31 December 2013 108th financial year Annual Report At 31 December 2013 All our reports are available at http://2013interactivereports.fiatspa.com Go to the online version of the Fiat Annual Reports to learn more about the Group's financial performance, sustainable development and other corporate information. | | Download our app www.fiatspa.com/mobileapp 3 General Meeting An Ordinary General Meeting of Shareholders will be held at 11 a.m. on 31 March 2014 (single call) at Centro Congressi Lingotto, Via Nizza 280, Turin to vote on the following: Agenda 1. Motion for Approval of the Statutory Financial Statements and Allocation of 2013 Net Result 2. Compensation and Own Shares: a) Compensation Policy pursuant to Article 123-ter of Legislative Decree 58/98 b) Authorization for the Purchase and Disposal of Own Shares Attendance and Representation Shareholders are entitled to attend the Meeting if they hold the right to vote at the close of business on the record date of 20 March 2014 and the Company has received the relevant confirmation of entitlement from an authorized intermediary. As provided by law, shareholders entitled to attend the Meeting may also be represented by proxy. The Company has appointed Computershare S.p.A. (Via Nizza 262/73, Turin) as the Designated Representative, pursuant to Article 135-undecies of Legislative Decree 58/98, upon whom shareholders may confer proxy and instruct to vote on all or some of the motions on the agenda...
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