2007 - April

1.0
Management report
4. Dividends over previous years
In accordance with the provisions of Article 243 ii of the General
French Tax Code, we would like to remind you that dividends
paid out over the previous three years were as follows:
YEAR
5. Non-deductible charges and expenses
In accordance with the provisions of Articles 223 iv and
223 v of the General French Tax Code, you are hereby
informed that the financial statements for the fiscal year just
ended included a charge of 13,813 euros, corresponding to
non-deductible expenses for tax purposes.
6. Director’s fees
Revenues eligible
for rebate
Dividends
Other
revenues
paid out
Revenues
not eligible
for rebate
2004 €8,895,856.86 - -
2005 €13,395,354.39 - -
2006 €16,292,779.20 - -
The Group would like to submit a proposal at the General
Meeting for 2008 for the directors’ fees to be allocated
as compensation for the actions of the members of the
Supervisory Board and Board of Directors in 2007.
This compensation must reward their commitment, factoring in
all the phases for their work: preparation, holding of sessions,
follow-up on decisions and actions.
On this basis, we recommend allocating directors’ fees in line
with the following principle:
For each Supervisory Board/Board of Directors session:
1,500 euros
For each Sustainable Development Committee session:
1,000 euros
For each Investment Committee or Insurance Committee
session: 1,000 euros
We therefore recommend setting the total amount of
directors’ fees awarded to directors for 2007 at 80,000
euros in light of their participation in these various bodies.
They will be paid by bank cheque.
7. Social and environmental consequences
of activities
Environmental consequences
Through its business, APRIL GROUP has a relatively limited
impact on the environment. However, the Group is looking
into ways to improve this environmental impact. In this way,
APRIL GROUP is further strengthening its commitment to
sustainable development by carrying out an in-depth review
of greenhouse gas emissions. This process aims primarily
to combine environmental standards with optimizing costs.
In this way, the Group’s 61 companies have taken part in
the survey developed by Écosur, a company specializing in
sustainable development. Known as the Bilan Carbone®
or carbon review, this analysis will open up a wide range
of applications. For APRIL GROUP, this will notably involve
estimating the greenhouse gas emissions that are directly
attributable to its activity, simulating the introduction of
a carbon tax and evaluating the inherent financial risks or
even communicating with staff, customers, shareholders
and suppliers on the strategy and actions implemented in
this area. Within this framework, the Bilan Carbone ® will for
instance measure the direct use of energy at sites, employee
business trips, the quantity of mail sent out each day,
purchases of paper, office supplies, printer consumables and
fixed assets (surface areas of the sites and parking facilities
used, IT equipment, company vehicles, etc.). All criteria that
will make it possible to map out and implement a plan to
manage and reduce greenhouse gas emissions.
Social consequences
Workforce and staffing structure
APRIL GROUP saw its workforce increase by 25% in 2007,
in light of the recruitments made necessary by its internal
growth and the creation of new business units, as well as the
new companies that have joined the Group, including Assinco
and ASSURDOM.
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