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1995~2002 Harbin university. Engage in the fields of accountancy, economics, business administration, marketing, etc.


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May 4, 2008

Financial reports sample-Industrial (工业用品)

(Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial report translation)

Industrial (工业用品)
Adjusting for the Yara Praxair joint venture, Industrial delivered a strong first quarter mainly driven by higher volumes(成交量).

Total sales of chemicals ended 28 % higher for the quarter. Excluding the effect of Kemira GrowHow, sales growth was 9 %. In addition, sales of liquid CO2(液态二氧化碳) to European end users continued to grow, ending the quarter 10 % higher than last year.

Sales of environmental(环保产品) volumes were 30 % higher than last year, primarily driven by sales of NOx abatement products(除氧化氮产品) to the European automotive industry.

Technical ammonium nitrate(硝酸铵) sales were up 18 %, primarily explained by the conversion of the K.ping plant to a TAN(专用硝酸铵) facility, with growth in all major markets.

Sales of ammonia, urea(尿素) and nitric acid(硝酸) to the European process industry were stable compared with last year. Contractual price revisions(合同价格修订) in the second half of 2007 have resulted in improved margins compared to first quarter 2007.

Ammonia prices increased relative to LSFO(低硫燃料油) during the quarter, resulting in a NOK 17 million loss on contract derivatives.

NOK 14 million Kemira GrowHow restructuring cost is classified as a special item.

Fixed costs increased compared with last year, mainly reflecting higher commercial activity(商业活动).

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