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• evaluate the Company's assets in a complete and reliable
manner, including examination of any HSE-related issues
or liabilities;
• identify any environmental risks or contingent liabilities
during the due diligence procedures performed in relation
to acquisitions or disposals.
These activities, coordinated centrally by the Health, Safety
and Environment (HSE) department, are carried out using
a data management system and specific procedures, with
support from dedicated technical functions.
Following the acquisition of Draka, work to integrate the HSE
functions of the two companies commenced in earnest during
2012. This has involved updating the Group's environment
management and health and safety at work systems, as well
as updating the IT system for the gathering and reporting of
HSE data and information.
Considering the results and cash generated in recent years,
as well as the financial resources available as of 31 December
2012, the Company believes that, barring any extraordinary
events, there are no significant uncertainties that would cast
significant doubt on the ability of the business to continue as
a going concern.
A more detailed analysis of risks is presented in the Report
on Operations accompanying the consolidated financial
statements as of 31 December 2012.
EXTERNAL RISKS
INTERNAL RISKS
MARKET
-Changes in reference markets
-Competitive background
STRATEGIC
OPERATIONAL FINANCIAL
LEGAL
CONTEXT
-Change in exchange rates
-Change in interest rates
-Change in commodity prices
-Change in regulatory framework
-Situation in emerging countries
