Table of Contents Table of Contents
DANONE - Registration document 2015 Next Page
Information
Show Menu
DANONE - Registration document 2015 Next Page

 


1 INFORMATION ABOUT THE ISSUER AND INFORMATION ON THE REGISTRATION DOCUMENT 		5
1.1 Information about the issuer 		6
1.2 Information about the Registration Document 		7
1.3 Person responsible for the Registration Document 		9
2 OVERVIEW OF ACTIVITIES, RISK FACTORS 		11
2.1 History 		12
2.2 Presentation of Danone 		13
2.3 Strategic growth areas 		15
2.4 Description and strategy of the Divisions 		16
2.5 Other elements related to Danone’s activity and organization 		18
2.6 Simplified organizational chart as of December 31, 2015 		22
2.7 Risk factors 		24
3 DANONE’S BUSINESS HIGHLIGHTS IN 2015 AND OUTLOOK FOR 2016 		45
3.1 Business highlights in 2015 		46
3.2 Consolidated net income review 		50
3.3 Free cash flow 		59
3.4 Balance sheet and financial security review 		61
3.5 Outlook for 2016 		66
3.6 Financial indicators not defined by IFRS 		67
3.7 Documents available to the public 		68
4 FINANCIAL STATEMENTS 		71
4.1 Consolidated financial statements and Notes to the consolidated financial statements 		72
4.2 Financial statements of Danone SA, the Danone parent company 		144
4.3 Fees to the Statutory auditors and members of their network 		166
4.4 Information originating from third parties, expert opinions and declarations of interest 		167
5 SOCIAL, SOCIETAL AND ENVIRONMENTAL RESPONSIBILITY 		169
5.1 Danone social, societal and environmental approach 		170
5.2 Information concerning Danone’s social, societal and environmental performance in compliance with the Grenelle II law 		173
5.3 Funds sponsored by Danone 		200
6 CORPORATE GOVERNANCE 		207
6.1 Governance bodies 		208
6.2 Positions and responsibilities of the Directors and Nominees to the Board of Directors 		232
6.3 Compensation and benefits of corporate officers and governance bodies 		252
6.4 Internal control and risk management 		290
6.5 Statutory auditors’ special report on related party agreements and commitments 		297
7 SHARE CAPITAL AND SHARE OWNERSHIP 		305
7.1 Company’s share capital 		306
7.2 Treasury shares and DANONE call options held by the Company and its subsidiaries 		307
7.3 Authorization to issue securities that give access to the share capital 		310
7.4 Financial instruments not representing capital 		312
7.5 Dividends paid by the Company 		312
7.6 Voting rights, crossing of thresholds 		313
7.7 Share ownership structure as of December 31, 2015 and significant changes over the last three fiscal years 		315
7.8 Market for the Company’s shares 		318
7.9 Factors that might have an impact in the event of a public tender offer 		319
7.10 Change of control 		321
8 COMBINED SHAREHOLDERS’ MEETING OF APRIL 28, 2016 		323
8.1 Shareholders’ Meetings 		324
8.2 Draft resolutions presented at the Shareholders’ Meeting 		325
8.3 Comments on the resolutions of the Shareholders’ Meeting 		330
8.4 Special report of the Statutory auditors to the Shareholders’ Meeting 		345
Appendix 		347
Cross-reference tables 		348
List of subsidiaries 		353
 FlippingBook