ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

6
2011 CONSOLIDATED FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
NOTE 22 TRADE AND OTHER PAYABLES
This item breaks down as follows:
(in € million) At 31/12/2011 At 31/12/2010 At 31/12/2009
Trade payables 75.7 71.4 61.5
Prepayments on long-term contracts 5.0 4.1 2.5
Accrued expenses and other liabilities
Tax liabilities (other than income taxes)
16.6 16.3 9.9
and employee-related liabilities 48.0 45.9 40.4
Other prepayments received from customers 16.7 17.8 21.1
Other liabilities 0.3 0.7 1.0
162.3 156.2 136.4
All trade and other payables fall due within less than one year.
NOTE 23 EXPENSES BY TYPE
The table below gives a breakdown of depreciation, amortisation, impairment, personnel expenses and other items charged in
arriving at operating profi t:
(in € million) 2011 2010 2009
Consumption of raw materials and components 208.3 185.5 194.1
Salaries and social security charges 199.0 185.1 168.4
Depreciation, amortisation and provisions on non-current assets (1) 29.8 30.1 31.6
(1) These amounts are net of the amortisation of deferred grants relating to assets.
In 2011, raw materials and components represented 47.0%
of cost of sales, as compared to 45.1% in 2010 and 48.8%
in 2009.
Almost all the depreciation, amortisation and impairment
expenses of property, plant and equipment and intangible
NOTE 24 RESTRUCTURING COSTS
No signifi cant restructuring expenses were recognised in
fi nancial year 2011. Restructuring expenses during the two
assets have an impact on the “Cost of sales” item in the income
statement. Amortisation of deferred grants relating to assets
was treated in the same way.
previous years were mainly related to restructuring of Group
facilities in France.
SAFT - ANNUAL REPORT 2011 / 171