2007 Reference document (PDF) - Valeo

4.8.7. Minority interests
Changes in minority interests can be analyzed as follows:
Consolidated fi nancial statements at December 31, 2007
Notes to consolidated financial statements
(In millions of euros) 2007 2006 2005
Minority interests at January 1 38 43 57
Equity in net earnings 7 5 6
Dividends paid (4) (4) (5)
Translation adjustments - (3) 4
Changes in scope of consolidation 3 (3) (19)
Minority interests at December 31 44 38 43
4.9. Provisions
Changes in provisions can be analyzed as follows:
(In millions of euros)
Provisions for
reorganization
expenses
Provisions for
pensions and
other employee
benefits
< Contents >
Other
provisions
Provisions at January 1, 2005 165 856 277 1,298
Amounts used during the year (103) (89) (91) (283)
Impact of changes in scope of consolidation 10 15 192 217
Translation adjustments 10 62 13 85
Reclassification (6) 13 (6) 1
Additions 108 89 154 351
Unwinding of discount 1 39 - 40
Reversals (1) (4) (152) (49) (205)
Actuarial gains and losses recognized through equity - 50 - 50
Provisions at December 31, 2005 181 883 490 1,554
Amounts used during the year (82) (62) (107) (251)
Impact of changes in scope of consolidation (3) (27) (3) (33)
Translation adjustments (10) (33) (6) (49)
Reclassification (2) 42 (41) 3 4
Additions 55 28 105 188
Unwinding of discount 4 30 - 34
Reversals (11) (3) (51) (65)
Actuarial gains and losses recognized through equity - (27) - (27)
Provisions at December 31, 2006 176 748 431 1,355
Amounts used during the year (59) (80) (112) (251)
Impact of changes in scope of consolidation (16) (13) (5) (34)
Translation adjustments (8) (26) (5) (39)
Additions 39 33 149 221
Unwinding of discount 4 29 - 33
Reversals (9) (4) (91) (104)
Actuarial gains and losses recognized through equity - (79) - (79)
Provisions at December 31, 2007 127 608 367 1,102
Of which current portion (less than 1 year) 53 57 214 324
(1)
For the year ended December 31, 2005, reversals of provisions for pensions and other employee benefits include (127) million euros relating to amendments to the healthcare
insurance plan in the United States, and an amount of (20) million euros in connection with the reduction in benefit entitlement due to the closure of the Rochester site.
(2)
Including, in 2006, a reclassification of 41 million euros from provisions for pensions to provisions for reorganization expenses in connection with healthcare plans for early
retirees in the United States.
2007 Reference document - VALEO
Total
3
PAGE 111
1
2
3
4
5
6