MHP (MHPC) 2010年年度报告「LSE」.pdf

1、MHP(Myronivsky Hliboproduct)is Ukraines leading producer of poultry and poultry products.We command around 50%share of the market for industrially-produced chicken while our“Nasha Riaba”brand leads the market for chilled-chicken products.Being one of Ukraines leading agro-industrial companies,we als

2、o produce a number of national and regional brands of processed meat.We are a truly vertically-integrated enterprise owning and operating each stage in the chicken-production process,from growing grain to producing feed,and from hatching eggs to distribution and sales.Taking into account Ukraines ma

3、rket potential,the Company is expanding its poultry production capacities with the Vinnytsia poultry farm,coming on-stream at the beginning of 2013.During 2010 the Company continued to execute its stated strategy of gradually increasing its land bank and at the end of the period it had around 280,00

4、0 hectares of land under control.ContentsOverviewVision of leadership01Market overview02A vertical integration business model 04At a glance06Chairmans statement 08Chief executives review 10Financial and operational highlights13Business reviewPoultry 14Grain 20Other agricultural operations22Risk mana

5、gement24Corporate responsibility26Financial review 29Management&governanceBoard of directors 34Corporate governance35Directors report36Financial statements¬esStatement of Board of Directorsresponsibilities 37Independent auditors report38Consolidated balance sheet 39Consolidated statement ofcompre

6、hensive income40Consolidated statement of changes in shareholders equity41Consolidated statement of cash flow42Notes to the consolidatedfi nancial statements44Other informationCorporate information8001OverviewBusiness reviewManagement&GovernanceFinancial Statements&NotesOther informationMyronivsky H