sain t-gobain annu al report 2008 annual report

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2008 Management report 24 • 2008 results dampened by the financial and economic crisis 27 • Results by Sector 33 • 2009 outlook and action plans 34 • Sustainable development 38 • Products and services contributing to sustainable development 43 • Our environmental, health and safety commitments 61 • Human resources Development Commitments 72 • Value supporting responsible growth 77 • Reporting methodology 81 • The Saint-Gobain share 84 • Ownership structure 91 • Corporate governance 107 • Auditors 108 • Bylaws 110 • Related party agreements 110 • Report on the internal control and risk management system 116 • Statutory Auditors’ report 117 • Statutory Auditors’ special report on regulated agreements and commitments 119 • Risk factors MANAGEMENT REPORT 23 Saint-Gobain - 2008 Annual Report
Page 1 and 2: 2008 annual report
Page 3 and 4: Contents 05 • Strategy and busine
Page 5 and 6: 3 STRATEGY AND BUSINESSES Jean-Loui
Page 7 and 8: Strategy and Businesses of Saint-Go
Page 9 and 10: Responding to recession by demonstr
Page 11 and 12: The High-Performance Materials Divi
Page 13 and 14: High-Performance Materials Business
Page 15 and 16: Insulation products are made from m
Page 17 and 18: Construction Products Businesses an
Page 19 and 20: Finland, Estonia, Lithuania and Pol
Page 21 and 22: ecovered glass can be recycled inde
Page 23: The “Germ-free Surfaces” progra
Page 27 and 28: Interior Solutions sales declined 5
Page 29 and 30: Results by Sector The Innovative Ma
Page 31 and 32: Contribution to the Group 2008 2007
Page 33 and 34: In Western Europe, sales in Spain a
Page 35 and 36: In 2008, the Sector’s operating i
Page 37 and 38: Sustainable development guidelines
Page 39 and 40: Health and safety Challenges Action
Page 41 and 42: Solar control glass also helps to r
Page 43 and 44: emissions. These filters are gradua
Page 45 and 46: II. Our environmental, health and s
Page 47 and 48: Putting EHS at the heart of product
Page 49 and 50: 2008-2010 OBJECTIVE ISO 14001 certi
Page 51 and 52: TF1 60 50 40 30 20 10 0 1990 1991 I
Page 53 and 54: In addition to complying with regul
Page 55 and 56: In the Building Distribution Sector
Page 57 and 58: espectively (compared with 9.8% and
Page 59 and 60: HOOSICK FALLS SLASHES ITS ENERGY BI
Page 61 and 62: from impurities in raw materials, c
Page 63 and 64: III. Human resources development co
Page 65 and 66: Encouraging and facilitating job mo
Page 67 and 68: (see page 47). Technical courses ac
Page 69 and 70: Fostering gender balance Women acco
Page 71 and 72: and define the resources to meet th
Page 73 and 74: The percentage of Group employees o
Page 75 and 76:
COMPETITION LAW: ACQUIRING THE RIGH
Page 77 and 78:
• Saint-Gobain Développement fur
Page 79 and 80:
Reporting methodology The data publ
Page 81 and 82:
Social and EHS Indicators SOCIAL IN
Page 83 and 84:
The Saint-Gobain Share Stock market
Page 85 and 86:
Non-voting participating securities
Page 87 and 88:
• As also stated in said letter,
Page 89 and 90:
- The amounts specified in these fo
Page 91 and 92:
to apply if and when the total numb
Page 93 and 94:
Corporate governance Compagnie de S
Page 95 and 96:
• Jean-Louis Beffa . . . . . . .
Page 97 and 98:
Director’s name and current main
Page 99 and 100:
Director’s name and current main
Page 101 and 102:
• Reviews the interim and annual
Page 103 and 104:
• The Committee examined in consi
Page 105 and 106:
3. Directors’ fees and other comp
Page 107 and 108:
8. Historical information about sto
Page 109 and 110:
GENERAL DELEGATES Ricardo de RAMON
Page 111 and 112:
Board of Directors The company is a
Page 113 and 114:
Internal Audit and Internal Control
Page 115 and 116:
Self-assessment questionnaire In 20
Page 117 and 118:
Consolidation standards The consoli
Page 119 and 120:
Statutory Auditors’ special repor
Page 121 and 122:
Risk factors Macroeconomic and indu
Page 123 and 124:
Currency risk The currency hedging
Page 125 and 126:
The other three are classified as
Page 127 and 128:
calculated at the rate of 5.25% fro
Page 129 and 130:
Consolidated financial statements 1
Page 131 and 132:
EQUITY AND LIABILITIES Notes 2008 2
Page 133 and 134:
Consolidated cash flow statement (i
Page 135 and 136:
Consolidated statement of changes i
Page 137 and 138:
Summary of new standards, interpret
Page 139 and 140:
Research costs are expensed as incu
Page 141 and 142:
For trade receivables transferred u
Page 143 and 144:
The grant date of the options is th
Page 145 and 146:
Segment information The Group’s p
Page 147 and 148:
In 2006, the Group launched a proce
Page 149 and 150:
NOTE 5 Property, plant and equipmen
Page 151 and 152:
NOTE 7 Other non-current assets Ava
Page 153 and 154:
Grant stock options exercisable for
Page 155 and 156:
NOTE 12 Group savings plan (“PEG
Page 157 and 158:
Changes in pension and other post-e
Page 159 and 160:
Description of defined benefit plan
Page 161 and 162:
Plan surpluses and provisions for p
Page 163 and 164:
NOTE 15 Other current and non-curre
Page 165 and 166:
NOTE 17 Risk factors Market risks (
Page 167 and 168:
NOTE 18 Net debt Long- and short-te
Page 169 and 170:
Default on bank borrowings in exces
Page 171 and 172:
Embedded derivatives Saint-Gobain r
Page 173 and 174:
NOTE 23 Recurring net income and ca
Page 175 and 176:
Non-cancellable purchase commitment
Page 177 and 178:
Outlook for 2009 No significant dev
Page 179 and 180:
NOTE 31 Employees NOTE 32 Segment i
Page 181 and 182:
Innovative Construction Building Pa
Page 183 and 184:
NOTE 33 Principal fully consolidate
Page 185 and 186:
Statutory Auditors’ report on the
Page 187 and 188:
Financial statements of Compagnie d
Page 189 and 190:
(in € thousands) 2008 2007 2006 E
Page 191 and 192:
SHAREHOLDERS’ EQUITY AND LIABILIT
Page 193 and 194:
Notes to the parent company financi
Page 195 and 196:
A €37.6 million decrease in provi
Page 197 and 198:
Changes in investments in subsidiar
Page 199 and 200:
Analysis of “Other receivables”
Page 201 and 202:
Since the November 2007 plan, all s
Page 203 and 204:
NOTE 11 Provisions At January 1, Ch
Page 205 and 206:
Analysis of long- and short-term de
Page 207 and 208:
The acceleration clause in the synd
Page 209 and 210:
NOTE 15 Information about direct in
Page 211 and 212:
NOTE 16 Financial commitments exclu
Page 213 and 214:
At December 31, 2008, eight lawsuit
Page 215 and 216:
Five-year financial summary (in €
Page 217 and 218:
II - Justification of our assessmen
Page 219 and 220:
BPB Placo SAS: plaster, plasterboar
Page 221 and 222:
Saint-Gobain Ecophon BV: acoustic c
Page 223 and 224:
Portugal Saint-Gobain Glass Portuga
Page 225 and 226:
Sweden €1 = SEK 9.621 Emmaboda Gl
Page 227 and 228:
BRAZIL, ARGENTINA & CHILE ASIA-PACI
Page 229 and 230:
Statement Statement by the person r
Page 231 and 232:
19 Related party transactions 176 2
Page 233 and 234:
EASTERN EUROPE NORTH AMERICA BRAZIL
Page 235 and 236:
233 NOTES Saint-Gobain - Financial
Page 238:
EXTERNAL COMMUNICATIONS DEPARTMENT
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sain t-gobain annu al report 2008 annual report

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