Annual report 2001 - GL events

4
c - Future Prospects
Générale Location, acting as the group’s holding will continue to assume its different roles without any modification.
d - Proposition for allocation of profit and various notes
d 1 - Allocation of profit
We suggest that you kindly approve the corporate
accounts at 31 December 2001 (balance sheet, income
statements and notes) such as they are presented and
which show a profit of €. 8 426 238.68.
We also propose that you approve the determination of
distributable earnings and the following allocations :
Determination of the distributable earnings (in €)
Net income 8 426 238.68
Suggested allocation
Legal reserve 421 311.93
Long-term capital gain reserve 1 259 646.39
Dividends at €. 0.28 per share 3 354 692.60
Retained earnings 3 390 587.76
TOTAL 8 426 238.68
The net dividend per share would be €. 0.28 and the
corresponding tax credit (calculated at 50 %) of €. 0.14
for those shareholders entitled, resulting in a gross income
of €. 0.42 and this subject to the special provisions
included on the General Tax Code corresponding to the
sum and the beneficiary of the tax credit.
Shareholders‘ equity after allocation would amount to
K€ 70 807.
In order to comply with the company law, we remind you
that sums distributed as dividends and the
corresponding tax credit for the last three years are as
follows :
Fiscal years Net dividend Tax credit (rate of 50 %)
1998 0.10 0.05
1999 0.20 0.10
2000 0.28 0.14
The given information holds true for the three years of the division by five of the nominal value of the share after
decision made by the Mixed Annual General Meeting of 15 June 2001.
d 2 - Non-tax deductible expenses
We inform you that in compliance with the provisions of
the article 223 of the General Tax Code, the annual
accounts take into account the 15 985 €uros, not
d 3 - Agreements relating to articles L 225-38 and
following of the Business Code
We ask you, in compliance with the articles L 225-40 of
the Business Code, to approve the agreements relating to
the articles L 225-38 of the same code and agreed upon
or pursued during the year under review and having been
deductible in accordance with the article 39-4 of the
General Tax Code.
authorized on a regular basis by the Board of Directors.
Your auditors were duly informed of these agreements
which they describe in their special report.