Form 20-F 2005

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Liabilities and equity At December 31, (in millions of euros) Note 2005 2004 Share capital 1,177 628 Additional paid-in capital 570 807 Other reserves 141 12 Deficit (2,580) (1,993) Equity attributable to equity holders of Rhodia S.A. (692) (546) Minority interests 26 25 Total equity 25 (666) (521) Borrowings 26 1,975 2,250 Retirement benefits and similar obligations 28 1,269 1,038 Provisions 29 297 216 Deferred tax liabilities 20 34 55 Other non-current liabilities 46 51 Non-current liabilities 3,621 3,610 Borrowings 26 1,039 721 Derivative financial instruments 27 14 49 Retirement benefits and similar obligations 28 81 74 Provisions 29 204 237 Income tax payable 31 38 Trade and other payables 30 1,271 1,358 Liabilities associated with assets classified as held for sale 12 51 - Current liabilities 2,691 2,477 Total equity and liabilities 5,646 5,566 The accompanying Notes are an integral part of the Consolidated Financial Statements. Form 20 - F 2005 - Rhodia F-5
RHODIA GROUP CONSOLIDATED STATEMENTS OF RECOGNIZED INCOME AND EXPENSE For the year ended December 31, (in millions of euros) 2005 2004 Currency translation differences and other movements 125 (9) Gains/(losses) on cash flow hedges 4 (2) Actuarial gains/(losses) on retirement benefits (248) (1) Tax impact of items taken to equity 13 - Net expense directly recognized in equity (106) (12) Net loss (615) (632) Total recognized income and expense (721) (644) Attributable to: Equity holders of Rhodia S.A. (722) (652) Minority interests 1 8 The accompanying Notes are an integral part of the Consolidated Financial Statements. F-6 Form 20 - F 2005 - Rhodia
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Form 20-F 2005
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As filed with the Securities and Ex
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- We calculate the impact of “cha
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(in millions, except for per share
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Exchange Rate Information Fluctuati
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decrease in demand in certain secto
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We cannot assure you that we will n
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Our public debt ratings can affect
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Changes in these laws and regulatio
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subscription rights cannot be exerc
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Main Businesses This section gives
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Products Markets Brand names Compet
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Polyamide Polyamide recorded sales
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Engineering plastics are used for t
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It is expected that Eco Services’
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Furthermore, the synthesis business
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Any significant change in raw mater
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We remain dedicated to our zero-acc
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Property, Plant and Equipment The t
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The table below sets forth average
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The following paragraphs list the c
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The table below sets forth an analy
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Coatis Coatis net sales totaled €
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Abroad: closure of unprofitable pr
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Acetow Operating profit totaled €
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Profit/(loss) from discontinued ope
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High yield notes In order to extend
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Consolidated Balance Sheet Working
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The table below sets forth the matu
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Net loss: A reconciliation of the n
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Item 6. Directors, Senior Managemen
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Michel de Fabiani was named a Direc
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agreement to be authorized by the B
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our Company and the related compens
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Name (Age) Jean-Pierre Clamadieu (4
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Compensation According to French la
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The table below sets forth the tota
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Employee and Director share ownersh
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Options The table below sets forth
Page 79 and 80: On December 22, 2005, Sanofi-Aventi
Page 81 and 82: Item 8. Financial Information Finan
Page 83 and 84: Commercial Litigation Adisséo Arbi
Page 85 and 86: Protection Agency regarding future
Page 87 and 88: Item 9. The Offer and Listing Tradi
Page 89 and 90: Euronext Paris may temporarily rese
Page 91 and 92: However, these requirements do not
Page 93 and 94: In addition to rights to certain in
Page 95 and 96: Financial Statements and Other Comm
Page 97 and 98: Decreases in Share Capital Accordin
Page 99 and 100: Identification of shareholders Our
Page 101 and 102: French Insolvency Laws Rhodia S.A.
Page 103 and 104: period, creditors may not pursue an
Page 105 and 106: The following countries, French ove
Page 107 and 108: For purposes of the U.S.-France tax
Page 109 and 110: If you are an accrual method taxpay
Page 111 and 112: transactions), or at least 50% of t
Page 113 and 114: Interest Interest on 2003 Notes The
Page 115 and 116: Market Discount and Bond Premium If
Page 117 and 118: acquired the Euro Note. In addition
Page 119 and 120: Even aside from the effect of compe
Page 121 and 122: PART II Item 13. Defaults, Dividend
Page 123 and 124: Item 16D. Exemptions from the Listi
Page 125 and 126: Signature The registrant hereby cer
Page 127 and 128: RHODIA AND SUBSIDIARIES REPORT OF I
Page 129: RHODIA GROUP CONSOLIDATED BALANCE S
Page 133 and 134: RHODIA GROUP CONSOLIDATED STATEMENT
Page 135 and 136: RHODIA GROUP NOTES TO THE CONSOLIDA
Page 137 and 138: Associates The companies over which
Page 139 and 140: Dismantling costs Dismantling and r
Page 141 and 142: subsequent recognition: The allowan
Page 143 and 144: For quoted securities, fair value r
Page 145 and 146: 3.13. Borrowings All borrowings are
Page 147 and 148: The fair value of the options is me
Page 149 and 150: Notes to the consolidated income st
Page 151 and 152: Depreciation, amortization and impa
Page 153 and 154: 7. Depreciation, amortization and i
Page 155 and 156: Restructuring costs by business seg
Page 157 and 158: The effective tax rate for 2005 ref
Page 159 and 160: 12.4 Assets held for sale and assoc
Page 161 and 162: The impairment losses accounted for
Page 163 and 164: price corresponds to the market pri
Page 165 and 166: Available-for-sale assets are inves
Page 167 and 168: 23. Other current financial assets
Page 169 and 170: on June 17, 2005, signature of a ne
Page 171 and 172: Asset securitization programs Rhodi
Page 173 and 174: In addition, as from June 1, 2007,
Page 175 and 176: 27. Risk management and derivative
Page 177 and 178: At December 31, 2005 At December 31
Page 179 and 180: 27.3. Management of risk related to
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Actuarial assumptions These calcula
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The actual rate of return on plan a
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The cumulative effect on ordinary c
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Evolution in 2004 Charges for new m
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Estimated contingent liabilities be
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sought to exercise its call option,
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In 2004, in accordance with the aut
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Stock Option Plan 1998 Plan 1999/1
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36. Use of estimates In order to pr
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Subsidiaries Country % RHODIA PPMC
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38. Note on transition to IFRS 2004
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At January 1, 2004 At December 31,
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) Operating profit/(loss) The follo
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Financial instruments Rhodia choose
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Cash flow provided from investing a
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Recognition of past service costs r
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Primester, a 50%-owned cellulose ac
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(xv) Recent accounting pronouncemen
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(ii) Shareholders’ deficit A reco
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(v) Discontinued operations—FAS 1
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(viii) Pension and retirement plans
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(in millions of euros) 2004 Restruc
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Printed on environmentally friendly
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Financial Communication Department
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