- Page 1: 2005 Annual report Passionate about
- Page 5 and 6: 1 Contents A message from the Chair
- Page 7 and 8: 3 Éric Marée Chairman of the Exec
- Page 9 and 10: 5 Breakdown of shareholders in term
- Page 11 and 12: 7 In 2005, 30% of sales were genera
- 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
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49 Report of the Chairwoman of the
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51 financial information, execution
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53 This organisation, put in place
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55 the recognition of transactions
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57 The Industrial operations depart
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59 Consolidated financial statement
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61 Consolidated financial statement
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63 Consolidated financial statement
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65 Translation of financial stateme
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67 Inventories and work-in-progress
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69 In the case of exchange rate hed
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71 Notes to the consolidated financ
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73 Property, plant and equipment by
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75 Note B7 - Deferred income tax As
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77 Note B12 - Employee benefits (
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79 Note R1 - Sales Sales breakdown
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81 Note R6 - Breakdown of net incom
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83 Note A4 - Composition of Virbac
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85 Note A10 - Consolidation scope a
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87 Transition to IFRS Consolidated
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89 Transition to IFRS LIABILITIES A
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91 Transition to IFRS Breakdown of
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93 Supervisory board report The Exe
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95 As required by law, details of t
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97 ❖ to record the finalisation o
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99 Index Page 5 ◆ Shareholder str
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