The paper concludes that Johnson Matthey's financial statements are clearly structured, facilitating the company's financial analysis. Also, non-financial statements communicate the group's quality, innovation and efficiency to shareholders in a comprehensive way that identifies the company's strategic objectives.
Johnson Matthey is a speciality chemicals company. Focusing on its core skills in catalysts, fine chemicals and precious metals, the company's main activities are organized through its Environmental Technologies, Precious Metals and Fine Chemicals & Catalysts Divisions. Johnson Matthey manufactures catalysts, pollution control systems, and fine chemicals, engages in the refining and fabrication of precious metals and produces active pharmaceutical ingredients (Annual Report, 2009).
Important strategic acquisitions are: the acquisition of Argillon Group in February 2008; the selling of non-core Insulators and Alumina businesses to Lapp Insulator GmbH & Co in November 2008; the acquisition of the 49% Alfa Aesar China Limited in March 2009 (Google Finance, 2009)
For the fiscal year ended 31 March 2009, Johnson Matthey's revenues increased 4.66% to 7,847.8m. ...