2005 Annual Report - Touax

annual report 2005
Financial information concerning the assets,
financial position and results of the issuer
CONSOLIDATED BALANCE SHEET as at 31 December
note n o (€ thousands) 2005 2004 (1)
48 Consolidated accounts
ASSETS
13 Goodwill 7,142 2,644
Net intangible fixed assets 114 51
14 Net tangible fixed assets 103,547 74,046
15 Long-term financial assets 8,335 11,128
16 Other non-current assets 1,199 1,116
26 Deferred tax assets 2,174 3,248
Total non-current assets 122,509 92,233
17 Inventories and work in progress 10,536 13,033
18 Trade debtors 35,251 28,094
19 Other current assets 11,924 14,092
20 Cash and cash equivalents 26,071 32,154
Total non-current assets 83,782 87,373
Assets intended for disposal 0 0
TOTAL ASSETS 206,291 179,606
LIABILITIES
Share capital 30,119 22,705
Reserves 22,188 7,986
Attributable income for the period 4,082 3,177
Group shareholders' equity 56,389 33,868
Minority interests (167) 146
21 Total shareholders' equity 56,222 34,014
22 Borrowings and financial debt 48,132 42,391
26 Deferred tax liabilities 1,196 729
Pension and similar liabilities 151 153
23 Other long-term liabilities 5,291 8,155
Total non-current liabilities 54,769 51,428
Provisions for risks and charges 215 267
22 Current bank facilities and borrowings 43,315 30,271
24 Trade creditors 24,369 35,776
25 Other liabilities 27,401 27,850
Total current liabilities 95,300 94,164
Liabilities intended for disposal 0 0
TOTAL LIABILITIES 206,291 179,606
(1) The consolidated balance sheet as at 31 December 2004 under IFRS is extracted from the memorandum entitled “Impact of International Accounting Standards (IFRS)”, which forms an integral part of the Group’s reference
document in respect of 2004. The assumptions and principles applied in the preparation of the IFRS balance sheet as at 31 December 2004 are described in note 29 Impact of IFRS, together with the explanations
required in order to understand the differences as compared to the consolidated balance sheet of 31 December 2004 published under French GAAP. This information is included in the notes to the consolidated financial
statements note 28 page 97. In accordance with the transitional provisions specifically provided for in standards IAS 32 “Financial instruments: disclosure and presentation”, IAS 39 “Financial instruments: recognition
and measurement” and IFRS 1 “First-time adoption of IFRS”, the TOUAX Group decided not to apply the IFRS standards to financial instruments in the preparation of the 2004 comparative data, but to continue to account
for them under French GAAP. The IFRS standards concerning financial instruments have only been applied with effect from 1 January 2005. The differences between IFRS and French GAAP are described in the notes to
the consolidated financial statements note 1.17 page 58 and the corresponding figures are set out in the statement of changes in shareholders’ equity.