annual report 2015 - fost plusin 2015, 86.3% of the household packaging brought onto the market by...

Annual Report 2015Together, more and better recycling, at every moment in our lives.

Together > Good sorting > Better recycling

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For the purpose of this Annual Report, Fost Plus has restricted itself to supplying key figures. Additional information is available on our website.

Annual Report 2015 I 3

Annual Report 2015

Table of contents4 | Foreword Ready for the future

6 | Key figures 2015 Collecting and recycling

8 | Key figures 2015 Costs and revenues

10 | Joining forces for more public cleanliness Kicking our efforts into higher gear

12 | The future of selective collection More recycling, but quality has the final word

14 | Sorting outside the home Tailored to the modern consumer

16 | Sustainability throughout the chain Increasing the recycling potential of packaging

18 | Europe is transforming into a circular economy Lever for a stronger and more sustainable economy

20 | Financial figures22 | Statutory bodies

4 I Annual Report 2015

Ready for the future

William VermeirManaging Director

Pierre Van Hentenrĳ kChairman

Dear reader,

2015 was another important year for Fost Plus. In many respects we established the foundations for a successful future—both for our organization and for a more sustainable management of packaging waste in Belgium.

The fi ght against litter was high on the agenda in 2015. Fost Plus developed an ambitious litter plan, which today forms the corner-stone of the public-private partnership between the authorities and the industry. The intent is to bring about a sustainable be-havioural change among citizens and improve public cleanliness in Belgium. Our members no longer wish to see their products polluting our public spaces. Fost Plus and the industry are joining forces with the authorities and have reserved several million euros to fi ght this battle in the years to come.

Being ready for the future means having a clear vision. In 2015, we, along with our Board of Directors, determined our mission: “together, we turn effi cient packaging management into sustai-nable resource management”. This transition is completely in line with the circular economy envisioned by Europe. At the same time, we increased the fl exibility of our organization, which has to put our mission into practice. Given the fast-paced world in which we live and work today, we must be able to respond to changes quickly.

A number of innovation projects is already starting to bear fruit. For example, at the beginning of 2016, test projects were started in six Belgian municipalities to assess new PMD collection scena-rios. The results of these projects will shape the future collection of packaging waste in Belgium.

We are convinced that these projects will prove vital in the years to come, for our organization as well as for an ever more sustai-nable management of packaging waste in Belgium.

We hope we can count on your continued support in this regard!

In 2015 we established the foundations for more public cleanliness and an ever more sustainable management of packaging waste in Belgium.


Key figures 2015 – Collection and recyclingIn 2015, 86.3% of the household packaging brought onto the market by Fost Plus members was recycled. 89.1% was valorized.

Collection and recycling resultsIn 2015 we saw a further decrease in the quantities of paper-cardboard collected and recycled. This decrease rests on a number of underlying trends. Sales of newspapers and magazines, for example, continue to slump due to digitisation of the media. Alongside this we have the phenomenon of parallel collections of paper-cardboard.The decrease in collection quantities affects the recycling figures of Fost Plus to a consi-derable extent. This is because the packaging/non-packaging distribution key set out in

our accreditation still assumes that 25% of the paper-cardboard we collect originates from packaging. Given the ever-decreasing number of magazines and newspapers coming to market, this percentage is actually higher. The Interregional Packaging Commission is currently looking into this issue to determine the true percentage and work out a new distribution key.

Recycling and valorization results (tons)

MATERIAL Recycled tonsMarket (estimate) Members Fost Plus

Tons on market Recycling vs. market (1)

Tons declared by members

Recycling vs. tons declared

Paper-cardboard 180 495 216 441 83,4% 191 711 94,1%

Paper-cardboard 163 807 197 551 82,9% 173 186 94,6%

Beverage cartons 16 688 18 890 88,3% 18 524 90,1%

Glass 343 589 326 052 105,4% 307 230 111,8% (2)

Plastic 81 344 (3) 230 021 35,4% 211 807 38,4%

Bottles and flasks 65 931 88 761 74,3% 85 897 76,8%

Metals 77 057 (3) (4) 78 790 97,8% 75 172 102,5% (2)

Others 32 (3) 5 129 0,6% 4 610 0,7%

TOTAL RECYCLiNG 682 516 856 433 79,7% 790 529 86,3%

PMD residu (energy recovery) 21 617 2,7%

TOTAL VALORISATION 704 134 89,1%(1) This recycling percentage is based on an estimate of the total market for household packaging and is provided for information purposes only.(2) The recycling percentage is higher than 100% . This is because, among other things, not all Belgian entities responsible for packaging are Fost Plus members. In the case of glass, the impact of parallel imports (estima-

ted at 30 KT) is also taken into account.(3) Including recycled materials not covered by the basic scenario, primarily polyethylene, polypropylene and polystyrene (see Article 8 of the Fost Plus accreditation).(4) Including metal packaging recovered from household waste incinerators and ash ripening centres: (32.932 T).

6 I Annual Report 2015 Annual Report 2015 I 7

Recycled close to homeFost Plus strives to recycle collected materials as close to home as possible. This allows us to limit the environmental impact of transportation and logistics. It also simplifies inspec-tions carried out on the processing of the materials.Specifically, in 2015 more than 99% of the collected household packaging was processed into recycled raw materials in Belgium or elsewhere in Europe. 75.8% was processed here in Belgium, 21% in our neighboring countries (the Netherlands, Germany and France) and 2.9% in the rest of Europe. Only a very limited amount (0.2%) was processed outside Europe.

Countries in which household packaging is processed.

European leaderThe latest figures from Eurostat – for the year 2013 – clearly show that Belgium is still leaving the rest of Europe behind when it comes to recy-cling packaging waste. The figures include household packaging as well as industrial packaging.

Belgium

The Netherlands

Germany

France

Europe other

Outside Europe

75,8%

2,9%3,0%

13,8%

4,3%0,2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

European targets

Bel

gium

Swed

en

Ger

man

y

The

Net

herla

nds

Irela

nd

Czec

h R

epub

lic

Slov

enia

Italy

Spai

n

Aus

tria

Fran

ce

Slov

akia

Bul

garia

EU a

vera

ge

Den

mar

k

Uni

ted

King

dom

Luxe

mbo

urg

Port

ugal

Kroa

tia

Esto

nia

Finl

and

Cypr

us

Nor

way

Lith

uani

a

Gre

ece

Letv

ia

Liec

hten

stei

n

Hun

gary

Mal

ta

Pola

nd


Whereas the ratio of material revenues to member contributions has remained fairly stable in recent years, a clear change was observed in 2015. Material revenues fell by 4% to EUR 60.4 million, whereas member contributions rose by 5% to EUR 64.2 million.The drop in material revenues results from falling market prices for steel and PET, which were most evident in the second half of 2015. Falling demand brought the price of scrap steel down to a level last seen during the economic crisis in 2009. Low oil prices have

Key figures 2015 – Costs and revenuesFost Plus applies a transparent and simple financial model. The revenues from the sale of collected materials, together with the member contributions must cover all the collecting and sorting costs.

made the primary raw materials of PET even cheaper, and this has led to a fall in the value of recycled PET.Alongside this, we note a shift in the other direction as regards our members’ contri-butions. Green Dot tariffs increased for quite a few materials, as a result of which total member contributions rose appreciably.

In 2015 we observed a fall in material revenues and a rise in member contributions.

Revenues (mio EUR) Material revenuesGreen Dot revenues

2006 2007 2008 2009 2010 2011 2012 2013 2014 20150

10

20

30

40

50

60

70

80

90 81,377,9

64,7

43,541,0

32,1

51,9

72,2

86,3

58,4

61,564,0

44,7

26,2

62,2 60,9

64,263,0

60,4

62,4

Evolution of material revenues and member contributions


Number of members, tonnage and contributionsOn 31 December 2015, Fost Plus had 5,017 members. During the year, 192 new businesses joined Fost Plus. Companies that terminated their membership in 2015 generally did so because they have terminated their activities or because they are no longer responsible for packaging.

The amount of packaging declared by our members in 2015 increased by 0.5 % compared to 2014, with a total of 790.5 kT. Their total contribution amounted to EUR 64 million, which is an increase of 5% compared to 2014. This evolution was mainly due to higher Green Dot tariffs for the majority of materials.

Food and beverages combined account for the largest share of disposable household pack-aging, at 74% of the total weight and 69% of the total contribution. Furthermore, a limited number of members account for a high percentage of the total contribution. In 2015, 5% of members paid 83% of the total contribution.

Breakdown of costsThe lion’s share of our costs (over 80%) relate to the selective collection and sorting of PMD, glass and paper-cardboard. Total costs in 2015 came to EUR 132.3 million. This amount is set to rise appreciably in 2016 due to the financial resources Fost Plus has set aside for its efforts to tackle litter in our country, the setup of test projects for alternative PMD collection and the introduction of the mileage tax on heavy goods vehicles.

Breakdown of revenuesMember contributions and revenues from the sale of collected materials each represent approximately half of total revenue for Fost Plus in 2015.

Operational costs (collecting and sorting, quality control)

General costs

Contribution to the Regions

Communications

83,1%4,7%

7,9%

4,3%

Tonnage

Tonnage

Food and beverages combined account for three quarters of the total amount of packaging declared.

Beverages

Food

Service packaging

Hygiene and cosmetics

Cleaning and maintenance

Other

41,8%

32,3%

7,4%

2,7%4,6%

11,2%

44,3%

46,7%

8,9% 0,1%

Member contributions

Material revenues in 2015

Material provisions

Financial revenues


Joining forces for more public cleanliness

Towards a sustainable behavioral changeLittering is a negative practice that is particularly hard to root out and increasingly less tol-erated in our society. Everyone involved—authorities, citizens and producers—are united in demanding greater public cleanliness. However, littering is a complex and multifaceted problem which can take many diff erent forms: from carelessly leaving behind cigarette

butts, plastic bags or other small waste—the actual litter—to intentional dumping of household waste bags or even construction waste and other refuse.Fost Plus and its members are convinced that only a fundamental, sustainable change in behavior can improve the public cleanliness in our country. This requires more than just raising awareness or a few extra waste bins. A strong and consistent government enforce-ment policy is an equally crucial factor, as is dealing with social and environmental issues that cause litter, such as vacant buildings or local degradation. Active participation of citizens and enterprises in their own street, neighborhood or municipality can also make a big diff erence.Each of these elements is addressed in the ambitious plan that Fost Plus presented to the regions in 2015 on behalf of the industry, and formed the inspiration for the integrated approach that will be implemented in the three regions over the next few years.

The fi ght against litter in our country will receive a signifi cant boost in the years to come thanks to a public-private partnership between government and industry. The partnership is based upon an integrated approach that targets a sustainable behavioral change. Fost Plus fi nances the initiatives and is closely involved in their on-site implementation.

A sustainable change in behavior requires more than just raising awareness or a few extra waste bins.Everyone is united in demanding greater public cleanliness.


Deposit – not a suitable alternativeIn 2015, the introduction of a deposit system became the center of heated debates in both Flanders and Wallonia. Proponents see the system as a ready-made solution for the litter problem, in spite of the fact that a deposit system can provide only a partial solution at best. Cans and bottles comprise just a limited fraction of the litter spoiling our streets.OVAM, the Public Waste Agency of Flanders, was asked to carry out two studies. The fi rst study revealed that a deposit system has signifi cant costs associated with it, while im-provement on the litter front remains dubious. The second study examined legal feasibility and concluded that a deposit system is not possible without alignment at the regional and federal levels.Meanwhile, our own research estimated the annual costs at 160 million euros, a signifi cant burden for the Belgian industry. An iVOX survey among consumers indicated that only a small minority (22%) is prepared to exchange the current PMD collection for a deposit system. The system does not fi nd favor with consumers, mainly because of its practical drawbacks. In the end, a decision was made to not introduce a deposit system in Belgium for the time being.

Kicking our efforts into higher gearAt the beginning of 2016, Fost Plus concluded cooperation agreements with Flanders and Wallonia for a joint fi ght against litter. The action plan that Fost Plus drew up in 2015 formed the basis for the agreements. The plan is an ambitious one, and suffi cient fi nancial resources have been made available for it. The industry will reserve 17 million euros annually for the next seven years in order to achieve the goals of this plan. Fost Plus not only counts on its own members for this fi nancial eff ort, but also on the contributions of other industries.In the past, we have collaborated closely on this issue both in Flanders and Wallonia. How-ever, this is the fi rst time that a project of this magnitude will be rolled out throughout the entire country.The plan proposes very specifi c objectives. By 2022 the amount of litter in our country must decrease by 20%. A fi rst evaluation will take place in 2018. At the beginning of 2016, the plan was further refi ned in close collaboration with all stakeholders involved. In the meantime, the organizational structure that will manage the projects and resources has taken defi nite shape.

The industry annually reserves 17 million euros to improve public cleanliness in our country.

By 2022 the amount of litter in our country must decrease by 20%.


More recycling, but quality has the fi nal wordThe more packaging we can recycle in a sustainable matter, the better. That is obvi-ous. Moreover, Europe is also aiming for higher recycling objectives for plastics in its new Circular Economy Package. Meanwhile, technology keeps moving, which means that there are signifi cantly more recycling options now than there were 20 years ago, when selective collection was fi rst introduced to Belgium. At that time, a choice was made to only collect plastic bottles and fl asks door-to-door. This turned out to be a sound choice, ecologically as well as economically. We managed to pull an ongoing stream of high quality materials onto the recycling markets. Today these materials can be found applied in a wide range of new products.Now we intend to evolve step by step towards a higher recycling level for plastic packaging. Quality will remain the fi nal word, however. Similar projects abroad have already demonstrated there are no sustainable mechanical recycling applications for part of the packaging materials that are currently in use. The test projects launched in six Belgian municipalities in 2016 should provide us with specifi c test results that will help us make the right choices for the future, in consultation with each of the involved stakeholders.

What does the future of selective collection look like?The recycling percentages that we achieve in Belgium are among the highest in Europe. However, Fost Plus continues to explore possibilities to collect and recycle more packaging. At the beginning of 2016, test projects were initiated in six Belgian municipalities to investigate the feasibility of new collection scenarios for PMD.

Earlier this year, the blue PMD bag was replaced by a purple P+MD bag in six Belgian municipalities.

We intend to evolve step by step towards a higher recycling level for plastic packaging.


120,000 residents test new collection scenariosOn 1 January 2016, we started with alternative collection scenarios for PMD in fi ve Belgian municipalities: Aalter, Frameries, Hannut, Marchin and Wervik. On 1 March, Waregem followed, translating the total number of residents involved in the test projects to over 120,000. Current PMD collection of plastic bottles and fl asks in the six municipalities has been extended to hard plastics (tubs, trays, and pots) and—depending upon the scena-rio— soft plastics such as fi lms and bags. The test project was christened P+MD, and uses purple bags, so that the diff erence with the normal blue PMD bag is immediately clear.The results of the various collection scenarios will be thoroughly analyzed and evaluated. We will focus on the participation among the population, the collection costs, the impact on technical processes at the sorting centers and the sustainability of the recycling. De-pending on the results, the Fost Plus collection scenario may be adjusted in the future.In 2015, we have also continued work on our analysis of the various additional collections of plastics that municipalities organize on top of the normal blue-bag PMD collection service. These collections are very often organized at the municipal container parks, but sometimes include supplementary door-to-door collection as well. The intention is to map these collections and evaluate them along with the results of the P+MD test projects.

The test results will enable us to make the right choices for the future.

More than 120,000 residents are testing the new PMD collection scenarios.


An ongoing incentive for consumersAfter more than twenty years, everyone in Belgium considers the sorting of packaging waste to be self-evident. Yet there remain many opportunities to give an extra impulse to our sorting efforts. For example, by emphasizing its positive impact, and by expanding the number of places where we sort.

tons, which is well below our expectations. These fi gures only refer to companies and organizations that have concluded a specifi c ‘PMD – Enterprises’ contract with their waste collection company. Many (smaller) companies hand in their limited amount of PMD with the household collection in their municipality, for which no separate fi gures are available. The quality, however, is improving: the presence of residue declined from 24% to 22% in 2015. Common sorting errors remain half-full drink packaging and plastic cups. Over the next few years, our focus will be on increasing the amounts collected and further improv-ing collection quality.

Sorting away from home – tailored to the mobile consumer“Being present wherever packaging is released.” That has been one of our primary ambi-tions for a number of years now. Wherever they are located, consumers should be able to sort their waste as easily as they can at home. Not only will this enable us to capture and recycle a larger amount of used packaging, but we can also respond to the needs of modern, increasingly mobile consumers.We now provide active support for a wide range of locations, including schools, youth movements, camp sites, sports and recreation centers, zoos, tourist attractions, public transport and airports. In 2015, we launched new projects in universities and private sports centers. Our support can take on various forms, from the design and creation of commu-nication materials — in certain cases fully tailored to the location — to practical assistance with the implementation on-site. Fost Plus fi nances all of the communication materials and in certain cases also the waste bins. In addition, there is the fi nancial compensation per ton of packaging that is collected and sorted.

Sorting in companies – another big step forwardFollowing the lead of Flanders and Brussels, Wallonia introduced a sorting obligation for companies and organizations on 1 January 2016. However, eff orts will remain necessary to further increase the amount of packaging collected. In 2015, the amount of PMD that we collected from companies and organizations increased from 4,200 to almost 4,800

We still see many opportunities to give our sorting efforts an extra impulse.


Sorting – a positive storyA qualitative study into the sorting motivation and participation among the Belgian population has revealed a striking trend. Younger generations increasingly tend to see sorting more as a duty. They miss the positive drive that the previous generation had. Unfortunately, this attitude translates into an easier negligence in their sorting habits. What’s more, an increasing number of people perceive sorting as a complex activity that gives them little in return.So far this trend has had relatively little infl uence on the sorting behavior of Belgian consumers. Our country remains the European leader when it comes to sorting, both in quantity as in quality. However, Fost Plus intends to take proactive measures in this regard. We want to create a positive experience around the sorting of waste and make its benefi ts more visible. Communication plays an important role in this. The 2015 national campaign—which ran on TV, in cinemas, on social media and on street billboards—connected sorting with its positive impact on the future of our planet through the central message: ‘Think about the future, keep sorting’. In 2016, Fost Plus hopes to boost its presence on social media in order to create new sorting impulses in this arena as well.

xxxThe Sorting Shop makes life easier

On 1 January 2016, Fost Plus launched the Sort-ing Shop, a web shop for companies and organi-zations that want to sort waste on their premises. They can turn to the shop for free communication materials, such as posters, stickers and sorting guides. They can also fi nd practical tips and advice regarding the motivation of their staff , avoiding sorting errors, and the best location for their waste bins.You can fi nd more information at shop.fostplus.be.

In 2015, we collected almost 4,800 tons of PMD in companies.


Sustainability throughout the chainA chain is as strong as its weakest link. Fost Plus is making every effort to make the entire collection and recycling process as sustainable as possible—from the initial design of the packaging to the CO2 emissions of the vehicles transporting used packaging.

Increasing the recycling potential of packagingSustainable recycling of packaging relies on eff orts of each stakeholder in the chain: consumers who sort correctly, effi cient collection by municipalities and intermunicipal companies, and fi rst-rate processing at sorting and recycling centers. However, in order to complete the cycle, we must also increase the recycling potential at the source. This is exactly why Fost Plus encourages companies to develop more sustainable packaging. First and foremost, we share knowledge and expertise with our members. Since we have an overview of the entire chain, we can easily point out issues with packaging materials that are technically diffi cult or impossible to recycle, such as opaque PET bottles. This enables us to connect the dots between the design of the packaging and its recycling at a later date, without losing sight of the primary functions of the packaging: optimal storage and use of the product, with minimal waste.

Making our own activities more sustainableOur core activity—recycling packaging waste—is in itself benefi cial to the environment. Yet at the same time, collection and transport of used packaging has a negative impact on the environment. That provided the impetus for us to start a project in 2015 that will systematically reduce this im-pact. Our specifi c aim is to reduce our CO2 emissions by at least 20% within fi ve years.

In practice, collection and transport of used packaging is carried out by intermunicipal companies and waste collection companies. That makes close cooperation crucial to the achievement of our objectives. Examples of potential improvements include the fi lling ratio of the collection vehicles, the optimization of travelling routes and the selection of the vehicles.

Sustainable recycling starts with the initial packaging design.


Greener Packaging Awards put sustainable packaging on the agendaOn 26 November 2015, Fost Plus and its sister organization VAL-I-PAC awar-ded the Greener Packaging Awards for the third time. The purpose of the awards is to recognize companies that invest in sustainable and innovative packaging. More than 50 companies competed for prizes in various catego-ries: reduction of weight and volume, recyclability, origin of the materials used and avoiding product waste. Two SMEs—Unipro and Bevil—took the Grand Prizes. Other winners were ACE Packaging, Carrefour, Colruyt, Delhai-ze, Dumoulin Bricks, Unilever and VPK Packaging.

UNIPRO

Grand Prize Winner for Industrial PackagingUnipro uses the bag-in-box system, best known as packaging

for wine, to pack its glue products. This not only reduces the amount of packaging needed, but also ensures less glue gets stuck in the packag-ing after usage than with the classic jerry cans. In addition, the cardboard complies with FSC standards.

BEVIL

Grand Prize Winner for Household PackagingBevil introduces a refi ll packaging for its Magi Pro maintenance products. When the 500 ml fl ask is empty, the user can buy a sepa-rately available refi ll package. It contains 20 ml of concentrate, which can be diluted with water. This means less pack-aging material and less transport is needed.

More about the winners and their innovative packaging on www.greenerpackaging.be.

for wine, to pack its glue products. This not only reduces the amount of packaging needed, but also ensures less glue gets stuck in the packag-ing after usage than with the classic jerry cans. In addition, the cardboard complies with FSC standards.

When the 500 ml fl ask is empty, the user can buy a sepa-rately available refi ll package. It contains 20 ml of concentrate, which can be diluted

More than 50 companies competed for the Greener Packaging Awards.

Marc Nelen, General Manager of Unipro and Coralie Bouchez, Director of Chembo Bevil.


Europe is transforming into a circular economyEurope is full steam ahead for a veritable circular economy in the coming years. The ambitious Circular Economy Package must stimulate businesses and consumers to make a successful transition into a recycling economy, in which resources are used more sustainably.

New proposal on the tableToward the end of 2015, the European Commission put forward a new proposal of its Circular Economy Package. Compared with the previous proposal, a number of the recycling objectives were adjusted downwards, although the targets—for plastics and aluminum in particular—remain rather ambitious. The new proposal also includes specifi c criteria for the Extended Producer Responsibility, so that a level playing fi eld is guaranteed throughout Europe. This occurred at the request of EXPRA, the umbrella organization that Fost Plus is also part of.The measuring point for recycling remains an important point of discussion: are recycled amounts measured when they come in at the recycling company, or when they leave it? In the latter case, it becomes diffi cult to determine where the materials originally came from, and what the initial quality was. In 2016, the proposal will be further discussed in the European Parliament and between member states.

Lever for a stronger and more sustainable economyEurope sees the circular economy as a lever to simultaneously make our economy more sustainable and more robust. Maximum reuse and recycling of materials not only has positive eff ects on the environment—less waste, less energy consumption, lower CO2 emissions—but also on the competitiveness of our companies, and on the future of em-ployment. The Circular Economy Package creates the framework to make this possible. It must remove barriers for companies that desire to make their products and services more sustainable. The measures aff ect the entire life cycle: from production and consumption to waste management and the markets for secondary and recycled raw materials.

From the European Commission press release on the Circular Economy Package.

Our planet and our economy cannot survive if we continue with the ‘take, make, use and throw away’ approach.”

Annual Report 2015 I 19

Along with EXPRA, Fost Plus is leading the fi ght for a level playing fi eld in managing packaging waste throughout Europe.


Profit and loss account (EUR)

2015 2014Turnover 146.799.985 146.077.845

Other operating income 966.477 702.798

SALES AND SERVICES 147.766.462 146.780.643

Miscellaneous services and goods 149.457.934 147.995.279

Salaries and social security charges 5.091.341 5.460.445

Depreciation 959.531 1.082.864

Write-downs 50.133 91.942

Provisions for risks and losses -12.165.105 -11.489.011

Other operating expenses 220.235 261.911

COST OF SALES AND SERVICES 143.614.069 143.403.430

OPERATING RESULT 4.152.393 3.377.213

Income from circulating assets 124.694 311.069

Other financial income 12.612 11.125

FINANCIAL INCOME 137.306 322.194

Other financial expenses 99.914 111.667

FINANCIAL EXPENSES 99.914 111.667

RESULT 4.189.785 3.587.740

EXCEPTIONAL INCOME 6.500

EXCEPTIONAL EXPENSES 3.192 96.248

RESULT TO BE APPLIED 4.186.593 3.497.992

Financial figuresProfit and loss accountOperating income amounts to EUR 147.8 million. It comes from two principal sources: ma-terial revenues and contributions of members (producer responsibility). Material revenues amount to EUR 83.1 million (including revenue of EUR 22.7 million from non-packaging paper-cardboard; these revenues are transferred to the intermunicipal companies). Ma-terial revenues are slightly lower than they were in 2014 due to a fall in the price of some materials. Member contributions amount to EUR 63.7 million.

Operating expenses amount to EUR 143.6 million. The “miscellaneous services and goods” (EUR 149.5 million) include collection and sorting costs, the transferred revenues from non-packaging paper-cardboard, the contribution to the regions, communication costs, IT and other services. The negative sum of EUR 12.2 million for “provisions for risks and losses” comprises an amount receivable for material revenues of EUR 6.1 million, which will be factored into future Green Dot tariffs, and a return of EUR 6.1 million from material provisions accrued in previous years.The profit and loss account closes with a positive result of EUR 4.2 million. However, this positive result must be viewed in the light of the EUR 6.1 million deficit in material reve-nues, which has been carried over as an amount receivable to the next budgetary year.

Allocation of resultsIn accordance with Article 17 of the articles of association, the Board of Directors proposes carrying over the positive result of this financial year, i.e. EUR 4,186,593 as well as the results carried over from previous financial years, to the next financial year. This results in a profit carried over at the year-end of EUR 15,065,399.


Balance sheet (EUR)

2015 2014

ASSETS

Intangible fixed assets 1.501.375 1.236.135

Tangible fixed assets 1.028.878 1.275.484

Financial fixed assets 16.700 16.700

Fixed assets 2.546.953 2.528.319

Amounts receivable after more than one year 131.032 12.500

Amounts receivable in one year or less 35.622.981 38.048.914

Cash investments 8.062.418

Current assets 64.854.895 60.254.692

Prepayments 283.315 224.558

Circulating assets 100.892.223 106.603.082

TOTAL ASSETS 103.439.176 109.131.401

LIABILITIES

Reserved funds 30.000.000 30.000.000

Surplus brought forward 15.065.399 10.878.806

Equity 45.065.399 40.878.806

Provisions 12.034.073

Liabilities due in more than one year 634.713 622.213

Liabilities due in one year or less 57.359.765 55.155.631

Accruals 379.299 440.678

DEBTS 58.373.777 56.218.522

TOTAL LIABILITIES 103.439.176 109.131.401

Balance sheetAfter the allocation of results, the balance sheet total amounts to EUR 103,439,176. Fol-lowing the addition of the positive result for 2015, the surplus brought forward amounts to EUR 15.1 million. The main change compared with the previous financial year relates to material provisions, which still amounted to EUR 12.0 million at the end of 2014. EUR 6.1 million in material provisions were taken into account in the 2015 budget, and this kept the Green Dot tariffs under control. On closure of the 2015 financial year it was noted that actual material revenues in 2015 were EUR 6.1 million lower than budget. This difference offsets the remaining material provisions in full and closes the financial year with an amount receivable of EUR 131,000 (assets) compared to a material provision of EUR 12.0 million (liabilities).


Statutory bodies (as of 01.01.2016)

Associate membersACE Belgium • Agoria • Aldi Holding • Aleris Aluminium • Amcor Flexibles Transpac • Beiersdorf • Boost Nutrition • Borealis Polymers • Brasseurs Belges • Brasseries Alken-Maes • Buurtsuper.be • Carrefour Belgium • Coca-Cola Enterprises Belgium • Colgate-Palmolive Belgium • Comeos • Confédération belge de l’industrie laitière • Danone Belgique • Detic • Douwe Egberts Retail Belgium • Enteco • Etn. Delhaize Frères et Cie Le Lion • Etn. Fr. Colruyt • Federplast.be • Ferrero • Fetra • Fevia • FrieslandCampina Belgium • GSV • Henkel Belgium • Ikea Belgium • InBev Belgium • L’Oréal Belgilux • Lotus Bakeries • Makro Cash & Carry Belgium • Mars Belgium • Mondelez Belgium• Nestlé Belgilux • Nutricia Belgique • O-I Manufacturing Netherlands • Pharma.be • Procter & Gamble Distribution Company (Europe) • Solvay • Spadel • Tabaserv • Top Bronnen • Total Petrochemicals & Refining • Unilever Belgium • Van Genechten Packaging • Vandemoortele Lipids • Vinum & Spiritus Association Belgium • VPK Packaging Group

Board of DirectorsChairman:

P. Van HentenrijkSecretary:

J. GoossensAuditor:

KPMG Réviseurs d’EntreprisesMembers:

L. Ardies - Buurtsuper.be • L. Braet - GSVM. Buelens - Ace Belgium • J. Clinkemalie - Henkel Belgium • B. De Greef - Pharma.be • D. De Ridder - Ikea Belgium F. De Roose - Aleris Aluminium J. de Somer - Van Genechten Packaging • K. De Vries - Unilever Belgium • P. Diercxsens - Danone Belgium

M. du Bois - Spadel • J. Eylenbosch - Coca-Cola Enterprises Belgium • T. Krijn - BeiersdorfT. Lammens - Et. Delhaize Frères et Cie Le LionP. Léglise - Carrefour Belgium • P. Macharis - VPK Packaging Group • C. Moris - Fevia • J. Mottar - Confédération Belge de l’industrie Laitière (Cbl)F. Poets - Inbev Belgium • K. Roelstraete - Tabaserv H. Van Roost - Total Petrochemicals & RefiningF. Van Tiggelen - Detic • P. Ven - Federplast.beM. Vercaeren - Etn. Fr. Colruyt • W. Vermeir - Fost Plus

Observers:V. Biebel - FEB • A. Deplae - UCMA. Lebrun - UWE • A. Nachtergaele - FEVIAE. Vanassche - VOKA • P. Vanden Abeele - UNIZOL. Verheyen - BECI • G. Verwilghen - COMEOS

Executive CommitteeChairman:

W. VermeirMembers:

M. Buelens, D. De Ridder, P. Diercxsens, T. Krijn, P. Léglise, J. Mottar,

Observer:P. Van Hentenrijk

Remuneration CommitteeChairman:

P. Van Hentenrijk

Members:S. Van den Eynde, J. Cauwenberghs, K. De Maesschalck,J. Goossens, W. Vermeir

Audit CommitteeChairman:

P. Van HentenrijkMembers:

A. Boesmans, R. Baes, J. Mottar, J. Goossens, W. Vermeir

Fost Plus work groups• Communication

J. Goossens, Director Finance & Communication• Materials Glass, metals, paper-cardboard, drinks cartons

and plastics M. Van Gaever, Director Operations• Research & Development M. Van Gaever, Director Operations• Green Dot J. Goossens, Director Finance & Communication• Operations M. Van Gaever, Director Operations• Legislation W. Vermeir, Managing Director• Prevention S. Boussemaere, Director Projects & Development• Litter S. Boussemaere, Director Projects & Development

© Fost Plus June 2016Editor: Johan Goossens • Production : Decom nv • Printed on recycled paper.

Fost Plus vzw • Olympiadenlaan 2 • BE-1140 BrusselT + 32 2 775 03 50 • F + 32 2 771 16 96 • [email protected] www.fostplus.be

annual report 2015 - fost plusin 2015, 86.3% of the household packaging brought onto the market by...

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