Ardagh makes provision for green fines

Ardagh Glass“ 2007 accounts show that it has made provision for a number of environmental penalties on mainland Europe. In Poland, where it is the number two supplier of glass, it has provided for a …

Ardagh Glass“ 2007 accounts show that it has made provision for a number of environmental penalties on mainland Europe. In Poland, where it is the number two supplier of glass, it has provided for a “possible” fine of EUR 163,000, compared with EUR 87,000 in 2006. In Germany, where Ardagh is the market leader, it made a provision in its 2007 financial statements of EUR 295,000 and has allocated EUR 150,000 for possible fines in the Netherlands. The total provision amounts to EUR 608,000. These form part of EUR 3.9 million worth of “other” provisions in the 2007 accounts and EUR 11.6 million in employee-related charges, much of them relating to its acquisitions.