Gévelot - Finance Highlights

Financial Results

» Consolidated balance sheet at 12.31.2011 » Consolidated balance sheet at 12.31.2011 -Liab. » Consolidated result at 12.30.2011 » Consolidated cash flow table at 31.12.2011 » Financial results over the last 5 financial years

Consolidated balance sheet at 12.31.2011

Based on I.F.R.S. ASSETS (in thousand of euros)		net amount at 06-30-2011	net amount at 12-31-2010

Consolidated goodwill	note 4	950	923
Intangible assets	note 4	5 344	4,738
Tangible assets	note 4	84 855	87,702
Non-current financial assets	note 7	1 292	1,392
Securities on a like-for-like basis	note 5	9 579	9,530
Total non-current assets (I)		102 020	104,285

Stocks and in-process materials	note 8	36 130	29,020
Clients debt and other accounts payable	note 9	50 273	34,159
Other debtors	note 10	4 884	4,488
Tax due for payment	note 16	1 046	-
Current financial assets	note 7	3 653	97
Cash and cash equivalents	note 11	22 285	36,496
Not current assets held with the aim of the sales	note 4	4 300	-

Total current assets (II)		122 571	104,260
General total (I+II)		224 591	208,545

Based on I.F.R.S. LIABILITIES (in thousand of euros)		net amount at 12-31-2011	net amount at 12-31-2010

Equity capital attributable to the consolidating company		140 796	129,039
Minority interests		42	37
Total of all equity capital (I)		140 838	129,076

Non current liabilities	note 13	5 026	4,677
Non-current financial liabilities	note 15	6 161	9,808
Deferred tax liabilities	note 16	10 802	9,922
Total non-current financial liabilities (II)		21 889	24,407

Debts to operational suppliers		22 799	19,956
Debts to suppliers of assets		1 274	1,531
Provisions for short-term risks and charges	note 13	3 717	2,999
Other creditors	note 12	18 694	17,368
Liabilities of tax due for payment	note 16	901	3,760
Current financial liabilities	note 15	14 379	9,448

Total current liabilities (III)		61 764	55,062
Total debts (II+III)		83 753	79,469
Total general (I+II+III)		224 591	208,545

(en milliers d'euros)		Financial Year 2011	Financial Year 2010

Turnover	note 20	220 784	189 628
Other products of the business	note 17	1 614	2 075
Products of the current business	note 17	222 398	191 703
Current operational charges	note 18	(201 623)	(175 519)
Current operational result	note 20	20 775	16 184
Other operational products		163	104
Other operational charges		(664)	(2 991)
Operational result	note 20	20 774	13 297
Cash and cash equivalents income		300	140
Cost of financial indebteness		(627)	(659)
Cost of net financial indebteness		(327)	(519)
Result of other financial products		726	628
Result of other financial charges		(1 324)	(654)
Financial result	note 19	(925)	(545)
Current result before integrated company	note 20	19 349	12 752
Income tax (expense)/income	note 16	(6 505)	(4 332)
Net result integrated companies		12 844	8 420
Proportion in the result of the companies on a like-like basis	note 5	880	491
Net result oft the consolidated whole	note 20	13 724	8 911
Share going to the minority interests		5	4
Result going to the consolidating company		13 719	8 907
Result per share (=diluted result per share)		15,01 €	9,37 €

(in thousands of euros)		2011	2010

BUSINESS OPERATIONS
Net result for the integrated companies		12 844	8 420

Elimination of charges and products with no effect on cash flow or not associated with the business:
Financial amortizations and provisions		10 711	13 867
Discounting of financial assets and liabilities		51	(193)
Variation in deffered taxes	note 16	476	(492)
Transfer plus-values, net of tax		324	333

Gross margin of internal financing of integrated companies		24 406	21 935
Dividends received from companies on a like-for-like basis		123	-
Variation in stocks	note 8	(6 811)	(2 454)
Variation in client debt	note 9	(15 734)	(3 633)
Variation in other operational debts		(1 394)	2 498
Variation in supplier's debts		2 499	6 378
Variation in other operational debts		(1 602)	3 927
Variation of the need for working capital		(23 042)	6 716
Net cash flow generated by the business		1 487	28 651

INVESTMENT OPERATIONS
Acquisitions of intangible and tangible assets	note 4	(10 607)	(7 352)
Acquisitions and increase of financial assets		(3 538)	(165)
Total		(14 145)	(7 517)
Transfers of intangible and tangible assets		163	259
Transfers and reductions of financial assets		100	171
Total		263	430
Variation of the need for working capital		(257)	422
Effect of variation of scope		500	-
Net cash flow related to investment operations		(13 639)	(6 665)

FINANCING OPERATIONS
Dividends allocated to shareholder of the Parent Company		(1 639)	(1 718)
Other variations		(1 748)	(474)
Total		(3 387)	(2 186)
Setting up loans and financial debts		1 493	5 240
Refunding financial loans and debts		(6 589)	(5 808)
Variations in loans and financial debts		(5 096)	(568)
Variation in the need for working capital and miscellaneous		-	-
Net cash flow associated with financing operation		(8 483)	(2 754)
Net variation of cash flow		(20 635)	19 232
Cash flow at opening		32 831	13 367
Cash flow at close	note 11	12 309	32 831
Profits / (losses) in exchange on the cash flow		(113)	(232)
		(20 635)	19 322

Financial results over the last 5 financial years

Nature of indications	2010	2009	2008	2007	2006
I - Capital at end of financial year
a) Share capital	33,514,005	33,514,005	33,514,005	33,514, 005	33,514,005
b) Number of ordinary shares in existence	957,543	957,543	957,543	957,543	957,543
c) Number of preference shares (without voting right) in existence	-	-		-	-
d) Maximum number of future shares to be created d.1 by conversion of obligations	-	-		-	-
d.2 by exercises of subscription rights	-	-		-	-
II - Opérations and results of the financial year
a) Turnover before tax	3,414 515,15	3,666,903.58	3,603,156.29	3,533,102.88	3,451,132.93
b) Result before tax, staff shareholings, financial amortizations and provisions	2,723,935,61	3,494,500.23	3,331,548.62	3,720,750.51	3,084,009.93
c) Tax on profits	147,908,00	(1,570,229.00)	(1,267,156.00)	(732,010.00)	(706,918.00)
d) Staff shareholdings due for the financial year	-	-	-	-	-
e) Result after tax, staff shareholdings, financial amortizations and provisions	1,798,442,08	2,476,816.05	2,290,422.02	2,793,407.88	2,171,301.10
f) Result distributed	1,641,898,80	1,723,577.40	1,915,086.00	2,106,594.60	2,106,594.60
III - Result per share
a) Résult after tax, staff shareholding but before financial amortizations and provisions	2,69	5.29	4.80	4.65	3.96
b) Résult after tax, staff shareholding, financial amortizations and provisions	1,88	2.59	2.39	2.92	2.27
c) Dividend allocated to each share	1,80	1.80	2.00	2.20	2.20
IV - Staff
a) Average on payroll during the financial year	7	7	8	8	9
b) Amount of the wage bill	690,344,64	674,327.85	717,906.42	706,241.36	724,402.39
b) Amount paid out in welfare benefit in the financial year(social security, social welfare, etc.)	297,876,39	285,793.98	303,565.05	298,857.61	306,285.94

On : 21/05/2012

Gévelot - Finance Highlights

Financial Results

Consolidated balance sheet at 12.31.2011

Consolidated balance sheet at 12.31.2011 -Liab.

Consolidated result at 12.30.2011

Consolidated cash flow table at 31.12.2011

Financial results over the last 5 financial years