In this report, great care has been taken in drawing up the properties and qualifications of the product features. No rights can be derived from these descriptions. The reader is advised to consult the available product specifications themselves. These are available through the relevant business units. In this report the terms “ AkzoNobel” and “the company” refer to Akzo Nobel N.V. and its consolidated companies in general. The company is a holding company registered in the Netherlands. Business activities are conducted by operating subsidiaries throughout the world. The terms “we”, “our” and “us” are used to describe the company; where they are used in the chapter “Segment performance”, they refer to the business concerned.
Safe harbor statement
This Report contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.
2009 Report including Sustainability Report
The company’s annual financial report has this year been combined with the sustainability report into one 2009 Report. The sustainability sections, however, in no way form part of the company’s annual report as the company is required to publish pursuant to Dutch law.
2009 Report – Dutch version
Selected chapters of this report are also available in Dutch. In the event of any discrepancies between the two versions, the English report will prevail.
2009 Report – Online version
In the event of any discrepancies between the report online and the printed English report, the printed English report will prevail.
Brands and Trademarks
In this Report, reference is made to brands and trademarks owned by, or licensed to, AkzoNobel. Unauthorized use of these is strictly prohibited.
Pro forma financial outcomes
Where relevant, pro forma financial outcomes were used for 2007. These reflect the AkzoNobel out comes as if it acquired ICI at January 1, 2007, and include the effects of the purchase price allocation. The main impact of the purchase price allocation on the statement of income is higher amortization of intangibles, higher depreciation of property, plant and equipment, and higher cost of sales. The latter is due to the fair value of inventories recognized on acquisition date which results in higher cost of sales as inventories are sold, mainly in the first quarter.