Business Context and Reporting Period
This Form 6-K filing by James Hardie Industries SE (James Hardie) covers the month of July 2011. The registrant is a foreign private issuer with principal executive offices in Dublin, Ireland. The filing serves to notify the SEC of the lodgment of the company's Form 20-F, Australian Annual Report, and Irish Statutory Accounts, as well as to provide details regarding Annual General Meeting (AGM) dates.
Key Financial Metrics
The provided filing text does not contain specific financial data. It does not report revenue, profit, cash flow, margins, debt, or liquidity figures. These metrics are contained within the referenced Form 20-F and annual reports, which are not included in the text of this specific Form 6-K.
Material Changes
The filing text does not provide specific details on material changes in financial performance or operations compared to prior periods. It references the lodgment of the annual report where such comparative data would be detailed.
Guidance, Outlook, and Risks
The document contains an extensive Safe Harbor Statement regarding forward-looking statements. Key areas of uncertainty and risk identified include:
- Asbestos Liabilities: Risks related to prior asbestos product manufacture, contributions to the Asbestos Injuries Compensation Fund (AICF), potential shortfalls in the AICF, and currency exchange impacts on recorded liabilities.
- Legal Proceedings: Potential consequences of proceedings brought by the Australian Securities and Investments Commission (ASIC) against the company and former directors.
- Corporate Domicile: Risks associated with the transfer of the corporate domicile from The Netherlands to Ireland, including employee relations, governance changes, and tax implications.
- Market Conditions: Dependence on residential and commercial construction markets, housing recovery, interest rates, and raw material costs.
- Operational Risks: Product failures, environmental liabilities, and the ability to renew credit facilities.
Investor Verification Checklist
- Verify the specific financial results and cash flow data in the referenced Form 20-F and Australian Annual Report, as they are not present in this filing.
- Review the status of the Asbestos Injuries Compensation Fund (AICF) and any recent changes to contribution requirements or liability estimates.
- Confirm the outcome or current status of proceedings involving the Australian Securities and Investments Commission (ASIC).
- Assess the impact of the corporate domicile transfer to Ireland on the company's tax position and governance structure.
- Check the dates and agenda for the Annual General Meeting (AGM) referenced in Exhibit 99.1.