Internal Control System Set of Procedures - OTHER

As HeidelbergCement AG is a capital market-oriented company in accordance with § 264d HGB, § 289, section 5 and § 315, section 2 no. 5, HGB require the Management Board to present a report containing newly introduced compulsory disclosures on the internal control and risk management system in relation to the company or Group financial reporting processes.To prepare this report, the Management Board of HeidelbergCement needs descriptions of the main accounting processes and the corresponding internal controls on Country-level. All countries have to prepare descriptions of the main accounting processes and the corresponding internal controls, and have them accessible for all employees. The ICS processes have to cover the following areas

  • Order to cash
  • Purchase to pay
  • Asset management
  • Payroll
  • Financial Statement Closing Process (FSCP)
  • Reporting
  • IT General Controls (ITGC)
  • Master Data Management
  • Guideline on CBCR to governments (Country by Country Reporting)
  • IFRS 16 process documentation
  • Presentation RCC update 2016_CBCR
  • Other[1]

In order to comply with the Group’s instructions we have prepared a set of procedures as the below index

A/ADescriptionObjectives
1.PO no PO Rulebook
2.Warehouse Management Procedure

[1] Please clarify if you have additional processes which have a direct impact on financial reporting and are not mentioned above (if necessary with your local auditor).

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