2011 Annual report - touax group

➜ TOUAX SCA term of payment
In accordance with Article D.441-4 of the French Commercial Code, the following table presents the breakdown at December 31,
2011 of the outstanding trade accounts payable by due date.
Trade accounts payable (VAT included, € thousands) 2011 2010
TOTAL of the non past due trade receivable 195 72
- including Group trade payable 174 60
TOTAL of the past due trade receivable 155 369
- including trade receivable less than 60 days 52 56
- including trade receivable more than 60 days 103 313
- including Group trade receivable 42 215
- including non-Group trade receivable 113 154
TOTAL 350 441
The trade accounts payable of €350,000 are included under accounts payable.
➜ Results of the company during the last five fiscal years (individual financial statements)
I
II
III
IV
(€ thousands) 2011 2010 2009 2008 2007
SHARE CAPITAL AT YEAR END
a) Share capital 45,765,992 45,565,208 45,502,608 37,463,768 31,181,632
b) Number of existing ordinary shares 5,720,749 5,695,651 5,687,826 4,682,971 3,897,704
OPERATIONS AND RESULTS FOR THE YEAR
a) Revenue excluding taxes 2,662,895 1,705,053 1,793,708 3,198,103 2,408,077
b) Earnings before tax, depreciation,
amortization and provisions 5,338,903 5,626,848 1,866,924 2,987,900 9,611,480
c) Corporation tax (235,596) (204,392) (496,161) (47,681)
d) Employee profit sharing due for the year na na na na na
e) Earnings after tax and calculated charges 4,589,885 5,328,102 2,055,054 2,847,190 10,340,857
f) Distributed income 3,251,499 4,158,030 3,253,436 4,682,971 3,897,704
EARNINGS PER SHARE
a) Earnings after tax but before depreciation,
amortization and provisions 0.93 1.02 0.42 0.65 2.47
b) Earnings after tax and depreciation,
amortization and provisions 0.80 0.94 0.36 0.61 2.65
c) Net dividend per share 1 1 1 1 1
(1) (2) (3)
WORKFORCE
a) Average number of employees during the year 2 2 2 2 2
b) Total payroll for the year 765,140 730,189 681,705 549,314 1,782,577
c) Total social security benefits for the year
(social security, welfare benefits etc.) 242,720 234,417 234,438 208,427 247,884
(1) Proposal to the General Meeting by the Management Board on 27/03/2012, of which 0.45€ would be paid out of the share premium
(2) of which 0.28€ has been paid out of the share premium
(3) of which 0.428€ a has been paid out of the share premium
III. Other information
➜ Amendments to the Articles of Association
Article 6, Share Capital, of the company's articles of association
was amended following the capital increases resulting from the
exercise of redeemable stock warrants and stock options. Article
4 of the articles of association was also amended to take into
account the transfer of the head office, as were Articles 12.4 and
18.3.
➜ Statutory employee participation in the
company’s share capital at December 31,
2011
There was no statutory employee participation in the company’s
share capital at December 31, 2011.
➜ Cross-shareholding
There is no cross-shareholding (holding of securities of TOUAX
SCA by its subsidiaries). An organization chart of the Group
is given in section 7.1 of the reference document and a list of
subsidiaries is given in note 2.2 of the notes to the consolidated
financial statements in the reference document
Reports of the Managing Partners
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