2005 Annual report - Virbac

79
Note R1 - Sales
Sales breakdown as follows:
(€ thousands) 2005 2004
Sales of finished products and goods 397,175 369,462
Provision of services 167 255
Related products 309 441
Income from ordinary activities 397,651 370,158
Sales discounts and rebates and provisions for returns -21,262 -15,257
Other sales-related expenses -3,986 -3,497
SALES 372,403 351,404
Breakdown of sales by geographical region
Within the context of the information required by IAS 14, the Group has chosen an analysis by location of assets. However,
in order to provide additional relevant information, we have also provided an analysis of sales made by location and market.
By location of customers and markets
By location of assets
2005 2004 Change 2005 2004 Change
(€ thousands) (as %) (as %)
France 91.1 89.1 2.2% 108.9 104.8 3.9%
Rest of Europe 120.7 113.1 6.7% 107.7 103.5 4.0%
North America 63.1 60.2 4.9% 63.5 60.9 4.3%
Latin America 25.1 21.3 18.0% 24.7 20.8 18.8%
Africa/Middle East 22.7 20.5 10.5% 18.4 15.0 22.7%
Asia 18.2 15.9 14.2% 16.5 14.5 13.8%
Pacific 31.5 31.3 0.6% 32.6 31.9 2.3%
TOTAL 372.4 351.4 6.0% 372.4 351.5 6.0%
Note R2 - Other operating revenues and expenses
(€ thousands) 2005 2004
Fees and rental payments -1,486 -1,297
Bad debts written off -427 -197
Carrying amount of non-current assets sold -1,004 -1,751
Operating charges -2,917 -3,245
Proceeds from the sale of non-current assets 603 790
Operating revenues 603 790
Other operating revenues and expenses -1,590 -1,624
Total other operating revenues and expenses -3,904 -4,079
Note R3 - Other non-recurring operating revenues and expenses
(€ thousands) 2005 2004
Gains on sales of businesses 0 2,584
Investigation and audit costs: Virbac Corp. -1,763 -3,603
Compromise fine negotiated with the SEC 0 -401
Impairment of intangible assets -4,447 0
TOTAL -6,210 -1,420
The gain in 2004 was realised on the disposal of non-strategic commercial activities.