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 2022, which ended at the balance sheet date of 31 December 2022. The consolidated financial statements drawn up by the Board of Management have been approved by the Supervisory Board on 2 March 2023. They will be presented to the annual General Meeting of Shareholders for adoption on 17 May 2023. 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 2022 | Average exchange rate 2021 | Exchange rate 31-12-2022 | Exchange rate 31-12-2021 | |
US dollar | 1.05 | 1.18 | 1.06 | 1.13 |
Japanese yen | 137.99 | 129.85 | 142.24 | 130.44 |
Brazilian real | 5.44 | 6.38 | 5.54 | 6.37 |
Thai baht | 36.86 | 37.82 | 36.88 | 37.87 |