Business Context and Reporting Period
Company: James Hardie Industries SE (formerly Plc)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Month of June 2010
Filing Date: June 11, 2010
Headquarters: Amsterdam, The Netherlands
This filing serves as a cover document for the submission of specific exhibits (Appendices 3B and 3Y) to the U.S. Securities and Exchange Commission. It does not contain a standalone financial report or operational update for the period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing referencing exhibits rather than a financial statement.
Material Changes
No material changes to financial performance or operations are detailed in the text of this specific filing. The document focuses on the submission of exhibits and the inclusion of a Safe Harbor statement regarding forward-looking statements.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a comprehensive Safe Harbor statement identifying various forward-looking statements made by the company. These include projections regarding:
- Future performance and results of operations.
- Plans for plant closures or suspensions and associated costs.
- Credit facility renewals and dividend payments.
- Corporate domicile transfer from The Netherlands to Ireland.
- Tax liabilities and audits.
- Contributions to the Asbestos Injury Compensation Fund (AICF).
Key Risks Identified:
- Asbestos Liabilities: Risks arising from prior manufacture of asbestos-containing products, including AICF shortfalls and legal proceedings.
- Regulatory and Tax: Changes in tax laws, environmental regulations, and health and safety laws.
- Market Conditions: Competition, product pricing, raw material costs, and general economic conditions.
- Operational: Product failures, reliance on a small number of large customers, and international business risks.
- Currency: Exchange rate movements affecting financial statements and asbestos liabilities.
Investor Verification Checklist
- Verify the contents of the referenced exhibits (Appendix 3B and Appendix 3Y) which are not included in this text.
- Review the company's Form 20-F (filed June 25, 2009) for detailed risk factors and historical financial data.
- Monitor updates regarding the proposed transfer of corporate domicile to Ireland.
- Track the status of the Asbestos Injury Compensation Fund (AICF) and related legal proceedings.
- Assess the impact of currency exchange rates on the company's reported liabilities.