Business Context and Reporting Period
Company: James Hardie Industries N.V. (James Hardie Industries Plc)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Month of June 2009 (Filed June 30, 2009)
Principal Executive Offices: Amsterdam, The Netherlands
This filing serves as a cover document for the submission of specific exhibits (Appendix 3Y) regarding executive appointments or disclosures. It does not contain the company's quarterly or annual financial statements.
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 and does not include financial data tables or management discussion of financial results.
Material Changes
No material changes to financial performance or operations are detailed in this specific text. The filing references the submission of Appendix 3Y for four individuals (M. Hammes, D. Harrison, J. Osborne, R. Chenu), which typically relates to director or executive officer disclosures, but the content of these appointments is not described in the provided text.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a comprehensive Safe Harbor Statement. It warns that forward-looking statements regarding future performance, plant closures, credit facilities, dividends, and tax liabilities are subject to risks and uncertainties.
Key Risks Identified:
- Liabilities arising from the prior manufacture of asbestos-containing products.
- Required contributions to the Asbestos Injuries Compensation Fund.
- Currency exchange rate movements affecting asbestos liability valuations.
- Changes in tax laws and treatments.
- Competition, product pricing, and raw material costs.
- Legal proceedings, including those by the Australian Securities & Investments Commission.
- Corporate restructuring: A proposal to transform into a Dutch "SE" company and transfer the corporate domicile to Ireland.
Investor Verification Checklist
- Verify the specific content of Exhibits 99.1 through 99.4 (Appendix 3Y) to understand the nature of the disclosures for M. Hammes, D. Harrison, J. Osborne, and R. Chenu.
- Review the Form 20-F filed on June 25, 2009, for detailed financial results and the full "Risk Factors" section referenced in this filing.
- Monitor the status of the proposed corporate domicile transfer from the Netherlands to Ireland.
- Assess the current funding status and future contribution requirements for the Asbestos Injuries Compensation Fund.