Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

annual report 2008
Synthetic consolidated balance sheet
IFRS
(millions EUR) 2008 % 2007 %
Property, plant and equipment 652.0 677.8
Goodwill 38.3 37.2
Intangible assets 39.9 36.9
Other non-current assets 79.9 71.9
Non-current assets 810.1 45 823.8 49
Inventories 473.7 339.9
Trade and other receivables 474.9 425.9
Cash and cash equivalents 53.5 93.6
Current assets 1,002.1 55 859.4 51
Non-current assets held for sale 0.7 0.0
Assets 1,812.9 100 1,683.2 100
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Issued capital and share premium 181.3 179.0
Reserves 313.4 238.6
Retained earnings 405.3 382.6
Minority interests 2.0 2.0
Equity 902.0 50 802.2 48
Provisions and deferred taxes 171.9 146.7
Financial liabilities
- Non-current 96.7 122.6
- Current 251.4 214.8
Other liabilities 390.9 396.9
Liabilities 910.9 50 881.0 52
Equity and Liabilities 1,812.9 100 1,683.2 100
Synthetic consolidated P&L account
IFRS
(millions EUR) 2008 2007
Revenue 2,765.0 2,405.9
Cost of sales -2,165.9 -1,873.6
Gross profit 599.1 532.3
Distribution expenses -144.6 -165.2
Sales and marketing expenses -62.7 -77.4
Administrative expenses -126.1 -125.2
Other operating income/expenses -26.6 -12.2
REBIT 239.1 152.3
Non-recurring items -26.9 35.1
EBIT 212.2 187.4
Finance costs -21.6 -17.6
Share of result of investements accounted for using the equity method 11.5 6.0
Profit (+) / loss (-) before tax 202.1 175.8
Income tax expense -61.7 -47.1
Profit (+) / loss (-) for the period 140.4 128.7
Attributable to :
Equity holders of the group 140.5 128.9
Minority interests -0.1 -0.2