GRAPHIC PACKAGING INTERNATIONAL BARDON LIMITED

Company number: 00550953

Reporting period:
1 January 2018 to 1 June 2018

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This report was filed on 30 July 2018

and approved by Hilde van Moeseke

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

• within 30 days: 33%
• in 31 to 60 days: 21%
• in 61 days or more: 47%

Invoices due but not paid within agreed terms: 57%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

120 days

Standard payment terms

There are seven standard payment terms commonly used; 21 days invoice date of invoice less 3% discount; 30 days invoice date of invoice less 2% discount; 30 days end of month; 60 days from date of invoice; 60 days end of month; 95 days end of month; 120 days end of month for Graphic Packaging International intercompany suppliers only.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

120 days

The 120 days maximum contractual payment period stated above relates to Graphic Packaging International intergroup suppliers only. Our maximum period for third party suppliers is 95 days end of month.

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute between Graphic Packaging International and the supplier a complaint can be raised directly with the accounts payable department. This department will send the complaint to the invoice approver within Graphic Packaging International for follow up with the supplier. The Graphic Packaging International invoice approver and supplier must reach an agreement within a reasonable period of time on how to resolve the query. This definition of a reasonable period of time will be defined by all the parties involved.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No