Separate Financial Statements 2007 - Indesit
Separate Financial Statements 2007 - Indesit
Separate Financial Statements 2007 - Indesit
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<strong>Separate</strong> <strong>Financial</strong> <strong>Statements</strong> as of 31 December <strong>2007</strong><br />
(million euro)<br />
12/31/<strong>2007</strong> 12/31/2006<br />
Revenue from sale of finished products and spare parts 1.618,2 1.587,3<br />
Revenue from provision of services 15,8 14,6<br />
Total 1.634,0 1.602,0<br />
With reference to the analysis by geographical area, revenue from Italian customers was 474.8<br />
million euro (469.0 million euro) and revenue from foreign customers was 1,159.2 million euro<br />
(1,133.0 million euro). See the analysis by business segment (geographical area) included in the<br />
consolidated financial statements for further information about the geographical distribution of<br />
the Group's revenue.<br />
Revenue from the provision of services relates to services provided to customers (transport) and<br />
to end consumers (after-sales maintenance), and to the sale of extended warranties beyond the<br />
legal minimum period.<br />
Revenue from sales to subsidiaries is analysed as follows:<br />
(million euro)<br />
Subsidiaries 12/31/<strong>2007</strong> 12/31/2006<br />
<strong>Indesit</strong> Company Portugal Electrodomesticos Sa 25,4 29,8<br />
<strong>Indesit</strong> Electrodomesticos (Spagna) Sa 45,6 57,9<br />
<strong>Indesit</strong> Company France Sa 251,6 249,3<br />
<strong>Indesit</strong> Company Deutschland Gmbh 15,7 24,1<br />
<strong>Indesit</strong> Company Nederland 23,6 25,6<br />
<strong>Indesit</strong> Company Polska Spz oo 44,2 42,2<br />
<strong>Indesit</strong> Company International Business Sa 263,8 256,8<br />
<strong>Indesit</strong> Company Beyaz Esya Sanayi Ve Ticaret As 22,6 24,8<br />
<strong>Indesit</strong> Company Magyarorszag Kft 62,3 69,9<br />
<strong>Indesit</strong> Company UK Ltd 215,6 203,7<br />
Argentron Sa 15,7 11,4<br />
Closed Joint Stock Company <strong>Indesit</strong> International 5,5 5,6<br />
Total subsidiaries 991,6 1.001,2<br />
6.2. Change in work in progress, semi-finished and finished products<br />
The change in inventories of semi-finished and finished products and spare parts is summarised<br />
below:<br />
(million euro)<br />
12/31/<strong>2007</strong> 12/31/2006<br />
Semi-finished goods 0,2 (4,6)<br />
Finished products and spare parts 0,5 (6,2)<br />
Total 0,7 (10,8)<br />
The change in inventories of semi-finished and finished products and spare parts is reported net<br />
of the change in the provision for obsolescence, which involved an accrual of 2.1 million euro<br />
(1.3 million euro) and the utilisation of 0.9 million euro (0.4 million euro).<br />
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