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Financial statements

1. Accounting information

General

Corbion is the global market leader in lactic acid and lactic acid derivatives, and a leading company in emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients. The company delivers high-performance sustainable ingredient solutions made from renewable resources and applied in global markets such as food, home & personal care, animal nutrition, pharmaceuticals, medical devices, and bioplastics. Its products add differentiating functionality to a wide variety of consumer products worldwide.

Corbion is based in Amsterdam, the Netherlands and listed on Euronext Amsterdam.

These consolidated financial statements cover the year 2019, which ended at the balance sheet date of 31 December 2019. The consolidated financial statements drawn up by the Board of Management have been approved by the Supervisory Board on 6 March 2020. They will be presented to the annual General Meeting of Shareholders for adoption on 11 May 2020. The Supervisory Board will give a preliminary recommendation regarding the consolidated financial statements to the annual General Meeting of Shareholders.

Reported amounts

Unless stated otherwise all amounts in the financial statements are reported in millions of euros.

Exchange rates of main currencies in euros

 

Average exchange rate 2019

Average exchange rate 2018

Exchange rate 31-12-2019

Exchange rate 31-12-2018

US dollar

1.12

1.18

1.12

1.15

Japanese yen

122.02

130.40

122.19

125.85

Brazilian real

4.42

4.31

4.51

4.44

Thai baht

34.76

38.16

33.47

37.05