1. Accounting information
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
2. Accounting principles
The consolidated financial statements of Corbion nv have been prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union.
3. Consolidated income statement adjustments
The adjusted consolidated income statement for financial years 2020 and 2019 (non-IFRS financial measures) can be presented as follows.
4. Segment information
Following the strategy update in March 2020, Corbion made an updated assessment of its reportable segments.
The average statutory tax rate is the average of the statutory tax rates in the countries where Corbion operates, weighted on the basis of the result before taxes in each of these countries.
9. Earnings per ordinary share
Earnings per ordinary share are calculated by dividing the profit available for holders of ordinary shares by the weighted average number of outstanding ordinary shares in Corbion nv.