+1 - Solvay

More documents

Recommendations

Info

Financial Statements part 2 64 Management Report (at the beginning of the annual report) page 12 Financial Statements page 65 – Consolidated income statement page 65 – Consolidated cash flow statement page 66 – Consolidated balance sheet page 67 – Statement of changes in equity page 68 – IFRS accounting principles page 70 – Notes to the financial statements page 75 – Management of risks page 106 – Changes in the consolidation scope page 113 – List of companies included in the consolidation page 115 – Summary financial statements of Solvay S.A. page 122 Auditor’s Report on the Consolidated Financial Statements page 124 Solvay Global Annual Report 2007
Financial Financial Statements The following financial statements were approved by the Board of Directors meeting on February 14, 2007. They have been drawn up in accordance with the IFRS accounting principles which are set out in the coming pages. Information on related parties required by IAS 24 can be found in the “Corporate Governance” chapter. Consolidated income statement (Notes 1-2) EUR Million Notes 2006 2007 Net sales 9 399 9 572 Cost of goods sold -6 126 -6 242 Gross margin (3) 3 273 3 330 Commercial and administrative costs (4) -1 559 -1 523 Research and development costs (5) -563 -556 Other operating gains and losses (6) -31 -44 Other financial gains and losses (7) -21 -16 REBIT (8) 1 099 1 192 Non-recurring items (9) -143 31 EBIT 956 1 223 Cost of borrowings (10) -111 -106 Interest on lending and short-term deposits (10) 28 23 Other operating gains and losses on net indebtedness (10) 1 2 Income from investments (11) 19 24 Earnings before taxes 893 1 165 Income taxes (12a) -179 -337 Discontinued operations (13) 103 0 Net income of the Group (14) 817 828 Minority interests -26 -47 Net income (Solvay share) 791 781 Earnings per share from continuing operations (EUR) 8.33 9.46 Earnings per share (EUR) 9.57 9.46 Diluted earnings per share (EUR) (15) 9.52 9.40 65 RATIOS Gross margin as a % of sales 34.8 34.8 Times charges earned 13.4 14.6 Income taxes / Earnings before taxes (%) 20.0 28.9 Times charges earned = REBIT / Charges on net indebtedness. Explanatory notes are found after the financial statements. Solvay Global Annual Report 2007
Page 1 and 2:
Ready for tomorrow Growth, Competit
Page 3 and 4:
Key figures - Solvay Group Financia
Page 5 and 6:
2007 Highlights February Perfluorop
Page 7 and 8:
Strategy Strategy of sustainable an
Page 9 and 10:
Mission, Vision, Values Solvay is a
Page 11 and 12:
Chairmen’s message Resources area
Page 13 and 14:
Strategic Positions of Solvay Chemi
Page 15 and 16:
Financial Statements part 1 Record
Page 17 and 18: Management Report EUR million 2006
Page 19 and 20: Management Report Capital expenditu
Page 21 and 22: Information for Shareholders Curren
Page 23 and 24: Pharmaceuticals Sector Joachim Adam
Page 25 and 26: Pharmaceuticals Sector Driving our
Page 27 and 28: Pharmaceuticals Sector Results in 2
Page 29 and 30: Pharmaceuticals Sector Suzanne Hatt
Page 31 and 32: Pharmaceuticals Sector Wolgang Kalb
Page 33 and 34: Pharmaceuticals Sector Research and
Page 35 and 36: Chemicals Sector On the path of gro
Page 37 and 38: Chemicals Sector Driving our strate
Page 39 and 40: Chemicals Sector expansions were su
Page 41 and 42: Chemicals Sector Chemicals 37 Ricca
Page 43 and 44: Chemicals Sector The “Organic”
Page 45 and 46: Plastics Sector Plastics 41 Our str
Page 47 and 48: Plastics Sector Driving our strateg
Page 49 and 50: Plastics Sector SOLVERA ® and FLUO
Page 51 and 52: Plastics Sector Despite considerabl
Page 53 and 54: Plastics Sector Dominique Marchand
Page 55 and 56: New Business Development Thierry De
Page 57 and 58: New Business Development organized
Page 59 and 60: Partnership Since 2004, Solvay has
Page 61 and 62: Sustainable Development The most im
Page 63 and 64: Sustainable Development The new riv
Page 65 and 66: Human Resources During the June 200
Page 67: Human Resources They are also the
Page 71 and 72: Financial Goodwill EUR Million Note
Page 73 and 74: Financial Fair value differences Th
Page 75 and 76: Financial • IFRIC 14 IAS 19 The L
Page 77 and 78: Financial • the assets will gener
Page 79 and 80: Financial Notes to the financial st
Page 81 and 82: Financial (2) Financial data by reg
Page 83 and 84: Financial The EUR 123 million of as
Page 85 and 86: Financial (12b) Deferred taxes on t
Page 87 and 88: Financial (19) Acquisition / sale o
Page 89 and 90: Financial The 3-year vesting period
Page 91 and 92: Financial (23) Goodwill EUR Million
Page 93 and 94: Financial Finance leases EUR Millio
Page 95 and 96: Financial The table below shows the
Page 97 and 98: Financial The amounts recorded in t
Page 99 and 100: Financial Actuarial assumptions use
Page 101 and 102: Financial The amount of the provisi
Page 103 and 104: Financial Cash and cash equivalents
Page 105 and 106: Financial Managing the transactiona
Page 107 and 108: Financial Financial instruments IAS
Page 109 and 110: Financial (32) Contingent liabiliti
Page 111 and 112: Financial 1. Market & Growth - Stra
Page 113 and 114: Financial To manage legal risk Solv
Page 115 and 116: Financial • Product Development R
Page 117 and 118: Financial 2007 Consolidation Scope
Page 119 and 120:
Financial List of fully consolidate
Page 121 and 122:
Financial Solvay Healthcare Ltd, So
Page 123 and 124:
Financial List of proportionately c
Page 125 and 126:
Financial ARGENTINA Inergy Automoti
Page 127 and 128:
Financial Income statement of Solva
Page 129 and 130:
Financial Additional comment The pr
Page 131 and 132:
Corporate Governance Report on the
Page 133 and 134:
Corporate Governance Introduction T
Page 135 and 136:
Corporate Governance June 2005 for
Page 137 and 138:
Corporate Governance certainty the
Page 139 and 140:
Corporate Governance Year of birth
Page 141 and 142:
Corporate Governance which could po
Page 143 and 144:
Corporate Governance attendance fee
Page 145 and 146:
Corporate Governance They are not s
Page 147 and 148:
Corporate Governance renewal of the
Page 149 and 150:
Corporate Governance The Solvay sha
Page 151 and 152:
Corporate Governance ANNEXE 2 COMPE
Page 153 and 154:
“… I have always sought to serv
Page 155 and 156:
Board of Directors 1. Mr. Aloïs Mi
Page 157 and 158:
Executive Committee and General Man
Page 159 and 160:
Financial Glossary ABAF: Belgian Fi
Page 161 and 162:
Shareholders’ Diary - Tuesday May
show all

+1 - Solvay

Create successful ePaper yourself

Delete template?

Save as template?