Annual report 2001 - GL events

4
Note 29
Cash Flow Statement
For 2001, the net cash flow from acquisition and disposal of subsidiaries is as follows :
Payment for acquisition of new subsidiaries (4 506)
Remaining payments for previous acquired entities (3 459)
Cash from sale of subsidiaries 2 268
Cash variation of acquired and sold subsidiaries 605
Net cash (5 092)
Note 30
Shares held by Générale Location
The share buy-back program authorized by the Annual General Meeting of 9 June 2000 came to an end on 9 December 2001.
A new share buy-back program was authorized by the Annual General Meeting of 10 December 2001.
Within the framework of both programs, the following operations were undertaken during the course of the year 2001 :
Nb before the division Nb after the division Total brought
of the nominal value of the nominal value back to the new
by five by five nominal value
- Acquisition of self-held shares 950 32 102 36 852
- Acquisition within the framework of
liquidity contract of 50 % of the share 6 521 34 906 67 511
- Sale of self-held shares 0 5 000 5 000
- Sale within the framework of liquidity
contract of 50 % of the share 7 712.5 21 598.5 60 521
Considering the 651 shares self-held at 31 December
2000, which increased to 3 255 after the division by five
of the nominal value, the number of self-held shares
held at year end comes to 35 107 acquired at an average
share price of 16.38 € per share and representing 0.29%
of the capital.
The number of shares held within the framework of the
liquidity program at year end comes to 17 515 acquired
for an average share price of 18.76 € and representing
0.15% of the capital.
The negotiation fees spent for these operations reached
21 343 euros.