2005 Annual Report - Touax

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Reports of the Managers Regulated agreements The regulated agreements are as follows: annual report 2005 Amount of security Outstanding Subsidiaries concerned Financial institutions proovided in previous year Amount of security creditor security (in thousands) benefiting from the security and still in force provided in 2005 provided GOLD Container Finance Fortis Bank $2,500 TOUAX Capital 6,479 € SIKO Fortis Lease 225 € 6,662 € WORKSPACE South Trust $359 Unimat $4,283 Bank of America TOUAX España Ing Lease 1,522 € Fortis Spain 1,500 € BBVA 250 € Banesto 175 € TOUAX BV KBC Lease 867 € 0 € TOUAX NV KBC Lease 503 € KBC Vendor Lease 994 € Interfeeder Ducotra Rabobank 600 € EUROBULK Rabobank 12,452 € TOUAX Conteneurs Services Crédit Lyonnais Merger of interest scales TOUAX Modules Services Bail Ecureuil 3,089 € Crédit Lyonnais Merger of interest scales Tax unit agreement TOUAX Rail Fortis Lease 4,093 € Slibail 3,113 € Contract for management of 357 railcars TOUAX Rail Finance Trinity Rail 13,200 € 7,303 € GOLD Container corporation ABN Amro $250 Contract for management of 1,945 TEU 0 Unimat 16,544 € Capital Equipement Finance $1,486 Nordea $739 Contract for management of 2,445 containers TOUAX Corp Crédit Lyonnais $3,500 3,188 € 126
Risk factors The risks are detailed in the paragraph “risk factors” on page 17 of the reference document. Financial risk is managed by the Finance Department, to which the Group’s central treasury departments and management program administration are attached. The purpose of the Administrative and Accounting department is to produce reliable accounting and financial information, communicate such information, monitor other risks and in particular the counterparty risk, establish administrative, accounting and financial procedures and conduct the legal and fiscal monitoring of the Group. The main risks are as follows: Financial risks The risks are market risks (interest and exchange rates), the liquidity risk and the equity risk. Legal risks Provisions are created in respect of risks once an expense is likely in accordance with article L 123-20 article 3 of the Commercial Code. Industrial and environmental risks These risks relate particularly to economic, political, geopolitical, technological, supply, asset loss, climate and environmental risks. Dependence risk The Group has no significant dependence on any third party or public authority. Insurance – risk cover The Group has a systematic policy of insuring its tangible assets and general risks. Appropriation of the result The Managers will submit the following proposed appropriation of the result to the next General Meeting: Result for the year 1,193,675 Remuneration of General Partners in accordance with articles of association -122,477 Plus retained earnings 693,928 Profit for distribution 1,765,127 Appropriation to legal reserve 59,684 Distribution of a dividend of €0.7 to 3,764,919 shares 2,635,443 Deduction from issue premium -930,000 Total profit distributed 1,765,127 Environmental and social information The group does not operate any potentially dangerous industrial sites classified as “SEVESO” sites. A site is classified as “SEVESO” if it presents a major risk for surrounding populations in the event of a serious accident. The group has established a social policy to meet the needs arising from its development. The allocation of the workforce of the Group and its social policy are mentioned page 41. Management risk A significant portion of the assets managed by the Group belongs to third-party investors or financial vehicles which may decide to change manager. annual report 2005 127
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2005 annual report your operational
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The message of the general partners
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contents Shipping containers 4 Modu
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Modular buildings A flexible servic
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Freight railcars Services for indus
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tion chart River barges FRANCE Sein
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Stock market Distribution of capita
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Responsible persons Persons respons
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Selected financial information Sele
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Risk factors annual report 2005 Aga
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Information concerning the issuer H
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Brief survey of activities annual r
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Organigram Parent-subsidiary relati
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Organigram The guarantees and other
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Owned real estate, plant and equipm
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Profit forecasts or estimates Repor
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Remuneration and benefit En 2004 (
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Main shareholders Breakdown of shar
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Page 152 and 153: The present document was filed with
Page 156: Tour Arago. 5 rue Bellini 92806 Put
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2005 Annual Report - Touax

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