Annual report 2008 - Altarea Cogedim

Liabilities and equity
(€ thousand) 12/31/2008 12/31/2007
EQUITY 1,158,091 1,214,582
EQUITY – ATTRIBUTABLE 1,109,275 1,184,026
Share capital 120,815 86,617
Other paid–in capital 606,772 263,190
Group reserves 778,744 404,802
Net income for the period (397,056) 429,417
EQUITY – MINORITY INTERESTS 48,816 30,556
Minority interests / equity 35,307 20,432
Minority interests / net income 13,509 10,124
NON–CURRENT LIABILITIES 2,173,014 2,030,236
Borrowings and debt 2,097,466 1,859,372
o/w debt guaranteed by shareholders – 49,954
o/w participating loan 24,843 24,816
o/w bank loans 2,033,598 1,764,418
o/w bank loans backed by VAT receivables 10,957 2,294
o/w other borrowings and debt 28,068 17,890
Provisions for retirement obligations 3,524 3,882
Other non–current provisions 15,871 12,527
Deposits received 22,975 19,955
Other non–current liabilities 2,267 191
Tax due 403 633
Deferred tax liability 30,508 133,676
CURRENT LIABILITIES 893,613 929,440
Borrowings and debt 183,276 374,216
o/w debt guaranteed by shareholders – 182,076
o/w participating loan – 72
o/w bank loans 170,256 183,153
o/w bank loans backed by VAT receivables 1,216 1,025
o/w other borrowings and debt 11,804 7,890
Derivative financial instruments 82,242 6,423
Accounts payable and other operating liabilities 610,181 534,046
Tax due 1488 6,307
Principal accounts in credit 9,190 8,056
Current provisions 7,237 391
TOTAL LIABILITIES 4,224,718 4,174,258
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