+1 - Solvay

Financial
Goodwill
EUR Million Notes 2006 2007
ASSETS
Non-current assets 7 276 6 999
Intangible assets (22) 721 662
Consolidation differences (23) 1 214 1 210
Tangible assets (24) 3 869 3 885
Other investments (25) 790 466
Deferred tax assets (12b) 506 524
Financial receivables and other non-current assets (27) 176 252
Current assets 3 825 4 180
Inventories (26) 1 221 1 255
Trade receivables (27) 1 671 1 711
Income tax receivables 95 73
Other receivables (27) 405 566
Cash and cash equivalents (29) 433 575
Total assets 11 101 11 180
67
EQUITY & LIABILITIES
Total equity 4 456 4 459
Share capital 1 271 1 271
Reserves 2 943 3 032
Minority interests 242 156
Non-current liabilities 3 966 3 963
Long-term provisions (28) 2 271 2 085
Deferred tax liabilities (12b) 137 245
Long-term financial debt (29) (30) 1 503 1 565
Other non-current liabilities 55 68
Current liabilities 2 679 2 758
Short-term provisions (28) 215 229
Short-term financial debt (29) (30) 188 317
Trade liabilities 1 269 1 246
Income tax payable 99 86
Other current liabilities 908 880
Total equity & liabilities 11 101 11 180
RATIOS
Return on equity (ROE) 19.4 18.4
Net debt to equity ratio 28.2 29.3
ROE = net income of the Group / total equity before allocation of fair value differences directly to equity.
Net debt to equity ratio = net debt / total equity.
Net debt = short and long-term financial debt less cash and cash equivalents.
Explanatory notes are found after the financial statements.
Solvay Global Annual Report 2007