2001 Annual Report - Unibail-Rodamco

CONSOLIDATED FINANCIAL STATEMENTS
Shopping
Convention-
Depreciation and provisions Offices Centers Exhibition Centers Total
As at December 31,1999 85.1 86.7 7.4 179,2
Recognition of differed taxes on consolidation differences 0.1 7.2 1.0 8,3
Reclassification (1) 3.7 1.5 -5.2 -
As at December 31,1999 restated 88.9 95.4 3.2 187,5
Allocation to depreciation 39.8 26.5 25.1 91,4
Allocation to provisions 0.8 1.0 - 1,8
Reversals of provisions -6.9 - - -6,9
Reversals of depreciation -21.2 -2.1 - -23,3
Reclassification (2) 8.5 - - 8,5
As at December 31, 2000 109.9 120.8 28.3 259,0
Allocation to depreciation 55.8 32.1 22.6 110,5
Allocation to provisions - 0.3 - 0,3
Reversals of provisions -3.5 - - -3,5
Reversals of depreciation -4.7 -0.8 -1.8 -7,3
As at December 31, 2001 157.5 152.4 49.1 359,0
(1)
Transfer of parts of the Cnit and Méridien-Montparnasse complex from the Convention-Exhibition division to Office and Shopping Center divisions.
(2)
Reclassification of three buildings transferred from the finance leasing to the property investment segment subsequent to the signing of standard leases and to the transfer of the former head
office of the Group (108, rue de Richelieu) to the rental sector.
Related receivables 1999 2000 2001
Receivables 99.0 171.3 219.5
Including deposits 1.3 1.8 1.7
Including doubtful accounts 8.5 8.2 2.2
Receivables from suppliers 10.6 11.0 13.0
Receivables on asset disposals 3,5 - 0.4
Receivables on partners 3.9 6.2 2.9
Gross value 117.0 188.5 235.8
Provisions for doubtful accounts -6.2 -5.9 -4.7
Net 110.8 182.6 231.1
Related receivables by segment activity 1999 2000 2001
Office Properties and other 25.9 26.1 51.4
Shopping Centers 77.3 128.9 139.1
Convention-Exhibition Centers 7.6 27.6 40.6
Total 110.8 182.6 231.1
Doubtful accounts, after deduction of guarantee deposits, are covered by provisions totaling almost 100% of their value before VAT.
Note 4 - Sundry transactions
Tax receivables 1999 2000 2001
Value-added tax 32.8 57.1 57.4
Corporate income tax 1.4 3.2 2.3
Deferred tax assets 80.1 52.8 49.5
Total 114.3 113.1 109.2
The deferred tax assets heading mainly include the € 36.7m for the valuation of Unibail SA’s short-term loss carry forwards and, for the
remainder, miscellaneous temporary differences. See § 3.7 of the accounting principles.
The non-valued tax loss carry forwards (excluding tax consolidation) amounts to € 26m of short-term loss carry forwards on various entities
and € 8.0m of long-term tax loss carry forwards.
Receivables related to property management services 1999 2000 2001
Gross value 15.6 26.9 27.7
Of which receivables in less than 3 months 15.6 26.9 26.8
Of which doubtful accounts 0.2 1.6 0.9
Provisions on doubtful accounts -0.2 -1.4 -0.9
Net value 15.4 25.5 26.8
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