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)
Date: May 21, 2009
Context: This filing serves primarily to incorporate by reference an external actuarial report (Exhibit 99.1) prepared by KPMG. The document includes a Safe Harbor Statement regarding forward-looking statements and does not contain a standalone financial results report for the period.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document is a procedural filing to attach an actuarial report rather than a financial statement release.
Material Changes
No material changes to financial performance or operations are detailed in this specific filing text. The primary action is the submission of the KPMG Actuarial Report.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a comprehensive Safe Harbor Statement cautioning that future projections involve inherent risks. Key areas of uncertainty identified include:
- Future performance and operational results.
- Costs associated with plant suspensions or closures.
- Credit facility extensions and dividend payments.
- Tax liabilities and corporate domicile changes.
- Legal proceedings involving the Australian Securities & Investments Commission.
- Contributions to the Asbestos Injuries Compensation Fund (AICF).
- Indemnification obligations and product/environmental liabilities.
Key Risk Factors: The text references risks detailed in the July 8, 2008 Form 20-F, including asbestos-related liabilities, currency exchange fluctuations, raw material costs, competition, and reliance on a concentrated customer base.
Investor Verification Checklist
- Review the attached KPMG Actuarial Report (Exhibit 99.1) for specific data on asbestos liability estimates and AICF contribution requirements.
- Verify the impact of currency exchange rates on the recorded asbestos liability.
- Check for updates on legal proceedings with the Australian Securities & Investments Commission.
- Confirm the status of credit facilities and dividend expectations mentioned in the forward-looking statements.