2007 Reference document (PDF) - Valeo

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6 Other PAGE 206 i nformation Annual information document May 9, 2007 - Institutional Shareholder Services (ISS) and Glass Lewis recommend that Valeo shareholders vote against Pardus resolutions May 2, 2007 - Recommendation of the Valeo Board of Directors regarding the draft resolutions of Pardus April 2007 April 24, 2007 - Valeo first-quarter 2007 results April 17, 2007 - Valeo Raytheon Blind Spot Detection System Receives 2007 PACE Award April 10, 2007 - Notice of Valeo’s Ordinary and Extraordinary Shareholders’ Meeting. [Valeo’s Combined Annual General Shareholders’ Meeting Notice: intitulé du site Valeo] Appointment of five new independent Board Members. March 2007 March 22, 2008 - Valeo Board of Directors’ Meeting 1 Information published by Valeo and accessible on the website of the US securities and exchange commission (SEC) (www.sec.gov) February 14, 2008 Consolidated financial statements February 13, 2008 Full-year 2007 results (press release of February 12, 2008) January 23, 2008 Results for third-quarter 2007 (press release of October 17, 2007) August 1, 2007 Interim financial results (press release of July 26, 2007) June 1, 2007 Translation of the Prospectus relating to the description of the Share Buyback Program (French version published on May 11, 2007, on the Bourse du Luxembourg’s website www.bourse.lu) Results for third-quarter 2007 (press release of April 25, 2007) Full-year 2006 results (press release of February 12, 2008) April 19, 2007 Notice of Ordinary and Extraordinary Shareholders’ Meeting to be held on May 21, 2007 2007 Reference document - VALEO < Contents > 2 3 4 5 6
Other i nformation Person responsible for the Reference d ocument Person responsible for the Reference d ocument Thierry Morin , Chairman and Chief Executive Officer of Valeo. Declaration by the person responsible for the Reference d ocument I hereby declare that, having taken all reasonable care to ensure that such is the case, the information contained in the Reference d ocument is, to the best of my knowledge, in accordance with the facts and contains no omission likely to affect its import. I further declare that to the best of my knowledge, the accounts have been prepared in accordance with applicable accounting standards, and that they give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings in the consolidation taken as a whole, and that the Management Report on pages 36 to 78 of this Reference d ocument includes a fair review of the development and performance of the business, profit or loss and financial position of the Company and the undertakings in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face. I obtained a statement from the Statutory Auditors at the end of their engagement affirming that they have read the whole Reference d ocument, of which this document is a free translation from the original, and examined the information about the financial position and the accounts contained therein. Paris, April 30, 2008 Thierry Morin Chairman and Chief Executive Officer < Contents > 2007 Reference document - VALEO 6 PAGE 207 1 2 3 4 5 6
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2007 Reference document
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Group profile 2007 Valeo is an inde
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Gross margin In % of net sales Oper
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Basic earnings per share for the ye
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valeo added TM < Contents > 1 Activ
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1998 ■ Acquisition of the Electri
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The Group 1. Description and organi
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■ ■ ■ ignition components; in
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■ LED front and rear lighting and
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Valeo Climate Control has four prod
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4.1.1.2. Internal mobility and indi
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4.2.2. Environment Environmental pr
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4.3.1. Purchasing The role of Valeo
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4.3.4. Projects The Projects Depart
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Geographical presence The Group opt
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■ In a world first, the Volkswage
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Other contributions from Valeo Prod
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■ ■ The Group also continued to
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valeo added TM Accounting methods 3
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production (source: J.D. Power). In
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Change in stockholders’ equity 1.
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Provisions The balance sheet at Dec
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At the Board of Directors meeting h
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1.2. Environmental risks In the var
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4.3. Credit risk Valeo is exposed t
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Outlook In 2008, Valeo is aiming to
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Valeo addresses these challenges th
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Percentage of ISO 14001 and OHSAS 1
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The 2007 reporting scope excludes s
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The increase in the ratio of energy
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Overall, Valeo used higher tonnages
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All Valeo Group sites will be certi
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2.6. Reducing all types of pollutio
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Social indicators This social indic
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1.2.1. Permanent contracts Number o
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Breakdown of 2007 departures by geo
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3. Equality between men and women i
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Valeo’s “Well-being and effecti
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At December 31, 2007, 11,738 employ
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8. Disabled employees Valeo amended
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valeo added TM 3 < Contents > Conso
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Consolidated statements of income (
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Consolidated statements of cash flo
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Consolidated statement of changes i
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The proportionate consolidation met
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1.11. Property, plant and equipment
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■ OCEANE bonds Bonds convertible
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2. Changes in the scope of consolid
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2.3.3. Balance sheet Consolidated f
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3.3.1. Claims and litigation In the
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3.6.2. Effective tax rate The effec
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4.2. Other intangible assets At Dec
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Changes in property, plant and equi
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Summarized financial data in respec
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4.8. Stockholders’ equity 4.8.1.
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2006 Consolidated fi nancial statem
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4.8.7. Minority interests Changes i
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■ Breakdown of obligations At Dec
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(In millions of euros) France Other
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Consolidated fi nancial statements
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4.10.3. Short-term debt At December
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5. Additional disclosures 5.1. Segm
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5.2. Financial instruments 5.2.1. F
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5.2.2. Fair value of derivatives At
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At December 31, 2006 (In millions o
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5.6. Contingent liabilities The Gro
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6. Restatement of prior year financ
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Companies Countries % voting rights
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valeo added TM < Contents > 4 Corpo
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appointed Gérard Blanc, Pascal Col
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■ to check that internal procedur
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1.10. General Management of the Com
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2. Internal control procedures 2.1.
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Page 159 and 160: Composition of the Board of Directo
Page 161 and 162: Name First appointed Helle Kristoff
Page 163 and 164: valeo added TM 5 < Contents > Infor
Page 165 and 166: Auditors Statutory Auditors ■ −
Page 167 and 168: Martin Haub Vice-President, Product
Page 169 and 170: Name/business address Jérôme Cont
Page 171 and 172: Name/business address Georges Pauge
Page 173 and 174: Jérôme Contamine graduated from
Page 175 and 176: Under these R ules, independent Dir
Page 177 and 178: Fixed compensation and benefits-in-
Page 179 and 180: compensation, 1,905,169 euros to va
Page 181 and 182: Share grants to the ten employees r
Page 183 and 184: Information on the Company and its
Page 185 and 186: 2. Authorized, unissued capital Sec
Page 187 and 188: Exercise date and conditions Nbre d
Page 189 and 190: 1.1. Major shareholders To the best
Page 191 and 192: the relevant disclosure threshold h
Page 193 and 194: 2. Dividends Dividends per share ov
Page 195 and 196: 3. Ownership structure Primarily on
Page 197 and 198: 8. Monthly trading volumes Informat
Page 199 and 200: Information on the Company and its
Page 201 and 202: valeo added TM 6 < Contents > Other
Page 203 and 204: Annual information document Other i
Page 205 and 206: Other i nformation Annual informati
Page 207: November 2007 November 9, 2007 - Ex
Page 211 and 212: The printer of this report is envir
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