Report 2010 - Italcementi Group

Financial statements
Balance sheet
(in thousands of euro) Notes 12.31.2010 12.31.2009 Change
Non-current assets
Property, plant and equipment 5 4,595,148 4,392,993 202,155
Investment property 5 33,098 31,621 1,477
Goodwill 6 2,016,614 1,961,616 54,998
Intangible assets 7 133,817 122,353 11,464
Investments in associates 8 212,261 228,437 (16,176)
Other equity investments 9 200,172 269,124 (68,952)
Deferred tax assets 21 52,995 42,289 10,706
Other non-current assets 10 111,271 80,399 30,872
Total non-current assets 7,355,376 7,128,832 226,544
Current assets
Inventories 11 726,152 686,289 39,863
Trade receivables 12 738,555 881,066 (142,511)
Other current assets 13 323,353 270,456 52,897
Income tax assets 52,621 70,976 (18,355)
Equity investments and financial receivables 249,852 227,826 22,026
Cash and cash equivalents 36 575,220 547,273 27,947
Total current assets 2,665,753 2,683,886 (18,133)
Total assets 10,021,129 9,812,718 208,411
Shareholders' equity
Share capital 14 282,549 282,549 -
Reserves 15 519,756 361,362 158,394
Treasury shares 16 (58,690) (58,690) -
Retained earnings 17 2,781,467 2,767,874 13,593
Equity attributable to holders of the parent 3,525,082 3,353,095 171,987
Non-controlling interests 18 1,460,851 1,339,062 121,789
Total shareholders' equity 4,985,933 4,692,157 293,776
Non-current liabilities
Interest-bearing loans and long-term borrowings 22 2,567,468 2,632,588 (65,120)
Employee benefit liabilities 19 184,822 180,930 3,892
Non-current provisions 20 241,240 227,820 13,420
Deferred tax liabilities 21 239,460 261,114 (21,654)
Other non-current liabilities 33,203 56,197 (22,994)
Total non-current liabilities 3,266,193 3,358,649 (92,456)
Current liabilities
Bank overdrafts and short-term borrowings 22 222,985 392,096 (169,111)
Interest-bearing loans and short-term borrowings 22 293,493 140,393 153,100
Trade payables 588,572 548,358 40,214
Current provisions 20 3,537 3,387 150
Income tax liabilities 55,542 66,682 (11,140)
Other current liabilities 23 604,874 610,996 (6,122)
Total current liabilities 1,769,003 1,761,912 7,091
Total liabilities 5,035,196 5,120,561 (85,365)
Total shareholders' equity and liabilities 10,021,129 9,812,718 208,411
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