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International Financial Accounting Standards
4.4. Table of changes in Shareholders’ equity during 2004 under IFRS
Type Capital Paid in capital Treasury Retained Translation Sharehold- Minority TOTAL
in excess of par shares earnings differences ers’ equity interests
Under IFRS at January 1, 2004 287 1,840 (4) 882 – 3,005 67 3,072
Transactions in treasury shares 4 3 7 7
Stock-options 2 2 2
Dividends paid (176) (176) (9) (185)
Net income for the period 645 645 9 654
Translation differences and other (6) (6) 2 (4)
Under IFRS at December 31, 2004 287 1842 – 1,355 (6) 3,477 69 3,546
4.5. Statement of cash flows
2004 under 2004 under IFRS
French GAAP at average rate
at closing rate
Net cash provided by operating activities 1,337 1,340
Net cash used by investing activities (1,110) (1,056)
Net cash used by financing activities (340) (373)
Effect of exchange rate changes (5) (11)
Reduction in cash and cash equivalents (118) (100)
Cash and cash equivalents at December 31, 2003 1,773 1,755
Cash and cash equivalents at December 31, 2004 1,655 1,655
5. Additional information
Summary:
The consolidated financial statements for the period ended June 30, 2005 prepared under IFRS will comprise a simplified appendix.
The complete appendix will be provided when the financial statements for the financial year 2005 prepared under IFRS are published.
5.1. Net debt
Net debt is composed of the following elements:
Components of net debt Under French Under IFRS at
GAAP at Dec. 31, 2004
Dec. 31, 2004
Long-term debt 3,054
Short-term debt 1,896
4,879 4,950
Long-term derivative financial instruments – –
Short-term derivative financial instruments – –
– –
Cash and cash equivalents (1,655) (1,655)
Net debt 3,224 3,295
102•103