2005 Annual report - Virbac

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Note B4 – Financial assets
2005 2004
Current Non-current Current Non-current
(€ thousands) (a) (a)
Available-for-sale financial assets 198 347
Loans and other non-current receivables 569 758
Derivatives 27 36 66 1,064
Cash subject to restrictions 186 0
Other non-current assets 5 5
TOTAL 27 994 66 2,174
(a) amount included under the heading “other receivables”
Note B5 - Investments in subsidiaries and associates
Individual financial statements of companies
Consolidated financial
accounted for by the equity method
statements
Total assets Total liabilities Sales Net profit (loss) Investment Group share
(€ thousands) (a) of earnings
German subsidiary Not available Not available 4,033 790 472 189
Finnish subsidiary 172,665 172,665 850 92 47 40
TOTAL 519 229
(a) ) Net profit (loss): since the German company was acquired at the beginning of 2003, its results for the financial years 2003 to 2005 are taken into account, reduced
by the dividends paid by the subsidiary and the 2003 charge for goodwill amortisation.
Virbac has joint control of a Finnish company. In accordance with IAS 31, the Group has opted to account for this associate by
means of the equity method.
Note B6 - Other receivables
2005 2004
(€ thousands) Current Non-current Current Non-current
Cash subject to restrictions
and other blocked accounts 0 1,217 0 155
Due from staff
and social security bodies 100 46
Due from the state (taxes, etc.) 6,557 7,824
Advances and payments on account to suppliers 924 827
Current accounts - assets 252 386
Accrued income 529 584
Provisions on other receivables -44 -105
Derivatives - current 46 28
Prepaid expenses 2,657 2,401
Sundry receivables 742 295
TOTAL 11,763 1,217 12,286 155