Gévelot - Finance Highlights

Financial Results

» Consolidated balance sheet at 12.06.2011 » Consolidated balance sheet at 06.30.2011 -Liab. » Consolidated result at 06.30.2011 » Consolidated cash flow table at 06.30.2011 » Financial results over the last 5 financial years

Consolidated balance sheet at 12.06.2011

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	880	923
Intangible assets	note 4	4,878	4,738
Tangible assets	note 4	84,863	87,702
Non-current financial assets	note 6	1,386	1,392
Securities on a like-for-like basis	note 5	8,900	9,530
Total non-current assets (I)		100,907	104,285

Stocks and in-process materials		33,172	29,020
Clients debt and other accounts payable		45,284	34,159
Other debtors		5,846	4,488
Tax due for payment	note 11	359	-
Current financial assets	note 6	76	97
Cash and cash equivalents	note 7	29,164	36,496
Not current assets held with the aim of the sales	note 4	3,203	-

Total current assets (II)		117,104	104,260
General total (I+II)		218,011	208,545

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

Equity capital attributable to the consolidating company		131,432	129,039
Minority interests		38	37
Total of all equity capital (I)		131,470	129,076

Non current liabilities	note 13	4,774	4,677
Non-current financial liabilities	note 15	8,513	9,808
Deferred tax liabilities	note 16	10,567	9,922
Total non-current financial liabilities (II)		23,854	24,407

Debts to operational suppliers		25,030	19,956
Debts to suppliers of assets		1,900	1,531
Provisions for short-term risks and charges	note 13	2,878	2,999
Other creditors	note 12	19,185	17,368
Liabilities of tax due for payment	note 16	1,039	3,760
Current financial liabilities	note 15	12,655	9,448

Total current liabilities (III)		62,687	55,062
Total debts (II+III)		86,541	79,469
Total general (I+II+III)		218,011	208,545

(in thousand of euros)		First Half 2011	First Half 2010	Financial year 2010

Amount of turnover	note 12	109,714	97,173	189,628
Other products of the business		562	919	2,075
Products of the current business		110,276	98,092	191,703
Current operational charges		(99,352)	(88,153)	(175,519)
Current operational result	note 12	10,924	9 939	16,184
Other operational products		96	61	104
Other operational charges		(138)	(1,830)	(2,991)
Operational result	note 12	10,882	8,170	13,297
Cash and cash equivalents income		114	62	140
Cost of financial indebtedness		(340)	(337)	(659)
Cost of net financial indebtedness		(226)	(275)	(519)
Result of other financial products		336	944	628
Result of other financial charges		(351)	(1,035)	(654)
Financial result		(241)	(366)	(545)
Current result before integrated company	note 12	10,641	7,804	(12,752)
Income tax (expense)/income	note 11	(3,584)	(2,743)	(4,332)
Net result integrated companies		7,057	5,061	8,420
Proportion in the results of the companies on a like-like basis	note 5	(63)	(455)	491
Net result of the consolidated whole	note 12	6,994	4,606	8,911
Share going to minority interests		2	2	4
Result going to the consolidating company		6,992	4,604	8,907
Result per share (= diluted result per share)		7,61 €	4,81 €	9,37 €

(in thousands of euros)		30.06.2011	30.06.2010	31.12.2010

Business operations
Net result for the integrated companies		7 057	5 061	8 420

Elimination of charges and products with no effect on cash flow or not associated with the business:
Financial amortizations and provisions		4 707	6 395	13 867
Discounting of financial assets and liabilities		57	(100)	(193)
Variation in deffered taxes	note 11	669	386	(492)
Transfer plus-values, net of tax		29	139	333

Gross margin of internal financing of integrated companies		12 519	11 881	21 935
Dividends received from companies on a like-for-like basis		123	-	-
Variation in stocks		(4 278)	(1 040)	(2 454)
Variation in client debt		(11 195)	(9 523)	(3 633)
Variation in other operational debts		(1 736)	(1 669)	2 498
Variation in supplier's debts		5 123	4 339	6 378
Variation in other operational debts		(870)	5 938	3 927
Variation of the need for working capital		(12 956)	(1 955)	6 716
Net cash flow generated by the business		(314)	9 926	28 651

Investment operations
Acquisitions of intangible and tangible assets	note 4	(5 682)	(3 169)	(7 352)
Acquisitions and increase of financial assets		(53)	(129)	(165)
Total		(5 735)	(3 298)	(7 517)
Transfers of intangible and tangible assets		93	108	259
Transfers and reductions of financial assets		86	156	171
Total		179	264	430
Variation of the need for working capital		369	(664)	422
Effect of variation of scope		-	-	-
Net cash flow related to investment operations		(5 187)	(3 698)	(6 665)

Financing operations
Dividends allocated to shareholder of the Parent Company		(1 639)	(1 726)	(1 718)
Treasury shares		(1 748)	(163)	(474)
Other variations		-	2	6
Total		(3 387)	(1 887)	(2 186)
Setting up loans and financial debts		648	4 271	5 240
Refunding financial loans and debts		(3 545)	(2 710)	(5 808)
Variations in loans and financial debts		(2 897)	1 561	(568)
Variation in the need for working capital and miscellaneous		-	-	-
Net cash flow associated with financing operation		(6 284)	(326)	(2 754)
Net variation of cash flow		(11 785)	5 902	19 232
Cash flow at opening		32 831	13 367	13 367
Cash flow at close	note 7	20 755	19 761	32 831
Profits / (losses) in exchange on the cash flow		291	(492)	(232)
		(11 785)	5 902	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 : 06/02/2012

Gévelot - Finance Highlights

Financial Results

Consolidated balance sheet at 12.06.2011

Consolidated balance sheet at 06.30.2011 -Liab.

Consolidated result at 06.30.2011

Consolidated cash flow table at 06.30.2011

Financial results over the last 5 financial years