Henkel Annual Report 2011


Major risk categories
Risk category

Likelihood

Potential financial impact

Operating risks

 

 

Procurement market risks

Possible

Major

Production risks

Unlikely

Major

Economic and sector-specific risks

Likely

Major

Functional risks

   

Financial risks

 

 

   Credit risks

Unlikely

Major

   Liquidity risks

Unlikely

Minor

   Currency risks Possible Major

   Interest rate risks

Possible

Minor

   Risks from pension obligations

Possible

Major

Legal risks Unlikely Major

IT risks

Unlikely

Major

Personnel risks

Possible

Minor

Environmental and safety risks Possible Major

Business strategy risks

Possible

Moderate