Pallet-Management-Services - AFM

The Company’s revenue by country, based on the location of the
customer, is as follows:
US $ in thousands Year ended December 31,
2006 2005
Germany 63,284 55,083
Spain 44,680 37,445
Italy 36,932 35,528
Switzerland 27,043 26,288
France 16,449 16,789
Norway 12,684 11,435
United Kingdom 12,423 12,852
Other 19,479 17,805
Europe 232,974 213,225
United States 414,262 363,049
Consolidated 647,236 576,274
The Company’s total assets by geographical segments are as
follows:
US $ in thousands Year ended December 31,
2006 2005
Europe 402,646 363,079
United States 295,694 265,603
Canada 1 1,799
Consolidated 698,341 630,481
The Company’s capital expenditures from continuing operations
by geographical segments are as follows:
US $ in thousands Year ended December 31,
2006 2005
United States
(includes CHEP RPC
acquisition in 2006) 53,416 32,280
Europe 47,884 51,667
Consolidated 101,300 83,947
| FINANCIAL REPORTING | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
14. Equity entities
The following tables list the total combined financial data of the
Company’s equity entities, IFCO-Japan and IFCO-Argentina
of the RPC-Management-Services segment. During 2006 and
2005, the Company recognized approximately US $0.3 million
and US $1.0 million, respectively, of income in the Company’s
consolidated statements of income related to its contractually
defined portions of the respective net results of these entities.
IFCO-Japan’s fiscal year ended on December 31, 2006.
IFCO-Argentina’s fiscal year ended on June 30, 2006. The
Company consolidated the respective results of IFCO-Argentina
based on interim financial statements as of December 31, 2006.
US $ in thousands As of December 31,
2006 2005
Total assets 31,246 28,658
Total liabilities 23,465 21,768
Total equity 7,781 6,890
US $ in thousands Year ended December 31,
2006 2005
Revenue 24,244 25,727
Gross profit 8,803 12,673
Income from operations 1,315 4,716
Net income 921 2,511
Amsterdam, February 20, 2007
Karl Pohler
CEO
Michael W. Nimtsch
CFO
99