2005 Annual report - Virbac

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2005 Annual Report 6 A worldwide Group For operating purposes, Virbac is divided into five international areas: Europe, North America, Latin America, Asia and SANZA, the latter area combining the subsidiaries in New Zealand, Australia and South Africa. The other African markets as well as those in the Middle East are managed by the Europe area. In order to ensure responsiveness and ongoing adaptation to local market requirements, each area has a Research and Development centre and one or more production sites. North America €63 million Focus HEAD OF LATIN AMERICA AREA, MEXICO Page 17 Geographic breakdown of sales ● Group Head Office ● Subsidiaries outside France ● Production sites ● Research and development centres Latin America €25 million Focus HR DEPARTMENT VIRBAC CORPORATION, UNITED STATES Page 25
7 In 2005, 30% of sales were generated from products manufactured by production units outside France, thereby enabling Virbac to be very close to local requirements. Virbac’s growing international presence can also be seen in its workforce, now 56% based outside France, in subsidiaries and representative offices. Virbac is now a worldwide Group both through its products but also through the men and women working for the Group throughout the world. Focus LOGISTICS DEPARTMENT, CARROS Page 23 HEAD OF EUROPE AREA FRANCE Page 19 Europe €212 million Asia €18 million Africa / Middle East €23 million Pacific €31.5 million
Page 1 and 2: 2005 Annual report Passionate about
Page 3 and 4: Bringing our expertise and care to
Page 5 and 6: 1 Contents A message from the Chair
Page 7 and 8: 3 Éric Marée Chairman of the Exec
Page 9: 5 Breakdown of shareholders in term
Page 13 and 14: 9 Cash flow (in € million) 39.9 2
Page 15 and 16: 11 • A new freeze-dryer with a ca
Page 17 and 18: 13 Finance and stock market Share p
Page 20 and 21: 2005 Annual Report 16 Innovation Mo
Page 22 and 23: 2005 Annual Report 18 The customer
Page 24 and 25: 20 2005 Annual Report The Virbac-Pa
Page 26 and 27: 2005 Annual Report 22 Industrial co
Page 28 and 29: 2005 Annual Report 24 Human resourc
Page 30: 2005 Annual Report 26
Page 33 and 34: 29 Management report 2005 Virbac sa
Page 35 and 36: 31 ❖ Equine Equine products close
Page 37 and 38: 33 ❖ In Portugal 2005 sales at Vi
Page 39 and 40: 35 Acquisitions and disposals Virba
Page 41 and 42: 37 Consolidated balance sheet and f
Page 43 and 44: 39 A resolution will be submitted f
Page 45 and 46: 41 - Member of the Management board
Page 47 and 48: 43 ◆ Investors and analysts are w
Page 49 and 50: 45 ◆ checking air emissions, ◆
Page 51 and 52: 47 Virbac in France Workforce Virba
Page 53 and 54: 49 Report of the Chairwoman of the
Page 55 and 56: 51 financial information, execution
Page 57 and 58: 53 This organisation, put in place
Page 59 and 60: 55 the recognition of transactions
Page 61 and 62:
57 The Industrial operations depart
Page 63 and 64:
59 Consolidated financial statement
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Page 67 and 68:
Page 69 and 70:
65 Translation of financial stateme
Page 71 and 72:
67 Inventories and work-in-progress
Page 73 and 74:
69 In the case of exchange rate hed
Page 75 and 76:
71 Notes to the consolidated financ
Page 77 and 78:
73 Property, plant and equipment by
Page 79 and 80:
75 Note B7 - Deferred income tax As
Page 81 and 82:
77 Note B12 - Employee benefits (
Page 83 and 84:
79 Note R1 - Sales Sales breakdown
Page 85 and 86:
81 Note R6 - Breakdown of net incom
Page 87 and 88:
83 Note A4 - Composition of Virbac
Page 89 and 90:
85 Note A10 - Consolidation scope a
Page 91 and 92:
87 Transition to IFRS Consolidated
Page 93 and 94:
89 Transition to IFRS LIABILITIES A
Page 95 and 96:
91 Transition to IFRS Breakdown of
Page 97 and 98:
93 Supervisory board report The Exe
Page 99 and 100:
95 As required by law, details of t
Page 101 and 102:
97 ❖ to record the finalisation o
Page 103 and 104:
99 Index Page 5 ◆ Shareholder str
Page 105:
Virbac 13 ème rue LID - BP 27 0651
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2005 Annual report - Virbac

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