2005 Annual report - Virbac
2005 Annual report - Virbac
2005 Annual report - Virbac
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60<br />
Consolidated financial statements<br />
Balance sheet<br />
(€ thousands) Notes <strong>2005</strong> 2004<br />
NON-CURRENT ASSETS<br />
Goodwill B1 34,829 31,475<br />
Intangible assets B2 47,267 49,479<br />
Property, plant and equipment B3 67,090 66,252<br />
Financial assets B4 994 2,174<br />
Investments in subsidiaries and associates B5 519 0<br />
Other receivables due over one year B6 1,217 155<br />
Deferred tax assets B7 9,370 6,245<br />
161,286 155,780<br />
CURRENT ASSETS<br />
Inventories and work-in-progress B8 58,577 54,257<br />
Trade receivables B9 68,558 57,329<br />
Other receivables B6 11,763 12,286<br />
Cash and cash equivalents B10 14,139 14,481<br />
153,037 138,353<br />
TOTAL ASSETS 314,323 294,133<br />
SHARE CAPITAL AND RESERVES<br />
Share capital 10,893 10,893<br />
Reserves and retained earnings 117,383 94,818<br />
Net profit for the year 19,799 16,726<br />
Shareholders’ equity – Group share B11 148,075 122,437<br />
Minority interests 12,112 8,733<br />
Total shareholders’ equity 160,187 131,170<br />
NON-CURRENT LIABILITIES<br />
Deferred tax liabilities B7 10,578 9,931<br />
Employee benefits B12 6,053 4,706<br />
Long-term provisions B13 549 114<br />
Financial liabilities due over one year B14 8,396 46,003<br />
Other payables due over one year B15 14,471 10,335<br />
40,047 71,089<br />
CURRENT LIABILITIES<br />
Provisions due within one year B13 4,012 942<br />
Trade payables 43,329 37,543<br />
Tax payable 1,666 4,092<br />
Financial liabilities due within one year B14 20,542 6,331<br />
Other payables due within one year B15 44,540 42,966<br />
114,089 91,874<br />
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 314,323 294,133
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