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Background and Basis of Presentation
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12 Months Ended |
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Mar. 31, 2011
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| Background and Basis of Presentation [Abstract] | |
| BACKGROUND AND BASIS OF PRESENTATION |
1.
BACKGROUND AND BASIS OF PRESENTATION
Nature of
Operations
The Company manufactures and sells fibre cement building
products for interior and exterior building construction
applications primarily in the United States, Australia, New
Zealand, the Philippines and Europe.
Background
On 21 August 2009, James Hardie Industries N.V. (“JHI
NV”) shareholders approved a plan to transform the Company
into a Societas Europaea (“SE”) and, subsequently,
change its domicile from The Netherlands to Ireland. On
19 February 2010, the Company was transformed from a Dutch
“NV” company to a Dutch “SE” company, and on
17 June 2010, the Company changed its registered corporate
domicile from The Netherlands to Ireland and, in so doing,
became an Irish “SE” company. The Company became an
Irish tax resident on 29 June 2010 and operates under the
name of James Hardie Industries SE (“JHI SE”).
Basis of
Presentation
The consolidated financial statements represent the financial
position, results of operations and cash flows of JHI SE and its
wholly-owned subsidiaries and special purpose entity,
collectively referred to as either the “Company” or
“James Hardie” and “JHI SE”, together with
its subsidiaries as of the time relevant to the applicable
reference, the “James Hardie Group,” unless the
context indicates otherwise.
Upon shareholder approval of the Amended and Restated Final
Funding Agreement (as amended from time to time, the
“AFFA”) on 7 February 2007, the Asbestos Injuries
Compensation Fund (the “AICF”) was deemed a special
purpose entity and, as such, it was consolidated with the
results for JHI SE. See Note 2 and Note 11 for
additional information.
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