Annual report 2001 - GL events

12 13
Summarized Consolidated Financial Statements (in m€)
Balance Sheets Assets
Balance Sheets Liabilities
12/31/01 12/31/00
12/31/01 12/31/00
Net Net
Intangible assets 73.3 62.3
Tangible assets 14.8 19.6
Long term investments 2.9 2.9
Rental equipment 53.4 46.1
Current assets 90.2 89.7
Cash and cash equivalents 12.2 28.5
Total assets 246.8 249.1
Shareholders' equity 83.5 77.6
Minority interests 2.4 3.4
Provisions for liabilities
and charges 3.8 6.4
Financial debts 59.8 46.2
Current liabilities 97.3 115.5
Total liabilities 246.8 249.1
Income statements
Cashflow Statement
12/31/01 12/31/00
Net consolidated
(1)
group profit 9.2 8.5 Cash & cash equivalents
at year end 3.2 21.0
12/31/01 12/31/00
Proforma (1)
Net sales 235.0 214.1
Cash & cash equivalents
Other operating income 14.0 9.6 at beginning of year
Operating income 249.1 223.7
21.0 8.4
Raw materials used in production 26.5 25.4 Net cashflow excluding
working capital mvts 24.6 24.3
External charges 110.1 102.9
Variation in working capital (25.8) 1.9
Taxes and duties 5.2 5.0
Net cash flow from
Personnel expenses 68.0 52.1 operating activities (1.3) 26.2
Depreciation and provisions 20.4 17.7
Other operating expenses 1.8 1.8 Acquisition of assets (25.6) (20.9)
Operating expenses 232.0 205.0 Disposal of assets 1.7 45.1
Operating profit 17.0 18.7 Net cash flow from acq.
and disposal of subsidiaries
Net financial charge (2.7) (1.2)
Income before
Net cash flow from
exceptional items 14.4 17.5 investing activities
(5.1)
(29.0)
(20.3)
3.9
Exceptional profit/ (loss) 0.1
(1)
(2.2)
Corporation tax 4.7
(1)
5.3 Increase in share capital 0.2 9.7
Consolidated companies
Paid dividends (3.5) (2.7)
(1)
profit 9.8 9.9 New loans 26.8 9.5
Amortization of
Repayment of loans (11.0) (34.2)
acquired goodwill 0.2 0.1
Net cash flow from
Share in profit of companies
financing activities
conso. under equity method 0.0 0.1
12.5 (17.7)
(1)
Net consolidated profit 9.7 9.8 Net increase (decrease)
Minority interests (0.5) (1.2) in cash & cash equi (17.6) 12.6
(1) Excluding exceptional items : Paris expo capital gain, deconsolidation of Polygone Maroc and Polygone Espagne.
The decrease of the operating profit comes mainly from the short-term rental activity of structures which posted
a rotation slow-down of its assets folowing the important investments made for the 2000 Sydney Olympic
Games.