2007 Reference document (PDF) - Valeo

1 Activity 7
History 8
The Group 11
Geographical presence 27
Competitive context 28
Key events in 2007 28
Recent events and outlook 33
2 Management Report 35
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Key fi gures 2
Accounting methods 36
Statement of income 36
Main investments over the past three years 38
Change in stockholders’ equity 39
Provisions 41
Cash fl ows and debt 41
Commitments 42
Remuneration of corporate offi cers and directors 42
Risks and uncertainties
Information likely to be impacted
44
by a public tender offer 47
Claims and litigation 48
Outlook 49
Subsequent events 49
Parent company fi nancial statements 49
Environmental management and performance 50
Social indicators 65
Consolidated fi nancial
statements at
December 31, 2007 79
Consolidated statements of income 81
Consolidated balance sheets 82
Consolidated statements of cash fl ows 83
Statements of recognized income and expenses
Consolidated statement of changes
84
in stockholders’ equity 85
Notes to consolidated fi nancial statements 86
Statutory Auditors’ report on the consolidated
fi nancial statements 142
4 Corporate Governance 145
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< Contents >
Report of the Chairman of the Board of Directors 146
Composition of the Board of Directors
during the year 2007 157
Statutory Auditors’ report on the report
of the Chairman of the Board of Directors 160
Information on the
Company and its capital 161
General information about the issuer 162
Fees paid by the Group to the Auditors and
members of their networks 181
General information about the Company’s capital 182
Current ownership structure 186
Market for the Company’s securities 190
Investor relations 192
Information on subsidiaries and affi liates 195
6 Other Information 199
2008 quaterly fi nancial information 200
Annual information document 201
Person responsible for the Reference document 207
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