Annual report - Alcopa

E. Financial Statements Parent Company
F. Comments on the Financial Statements
of the Parent Company
3. Income Statement
(in EUR 000) Comment Dec 2008 Dec 2009
I. Operating income 5 5 174 5 838
A. Turnover 2 752 2 686
B. Other operating income 2 422 3 152
II. Operating charges 5 3 789 4 738
A. Raw materials, consumables and goods for resale
1. Purchases 0 0
2. Increase (-), decrease (+) in stocks 0 0
B. Services and other goods 2 019 2 181
C. Remuneration, social security and pensions 570 642
D. Depreciation, amounts written off and provisions for liabilities and charges 355 934
E. Other operating charges 844 981
III. Operating profit 1 385 1 100
IV. Financial income 5 1 632 32 766
V. Financial charges 5 599 3 120
VI. Profit on ordinary activities - 2 582 30 746
VII. Extraordinary income 5 0 5 375
VIII. Extraordinary charges 3 115 0
IX. Profit for the year before taxation - 5 697 36 121
X. Income taxes 0 3
XI. Profit for the year after taxation - 5 697 36 118
1. Fixed assets
Tangible fixed assets decreased with € 789 K mainly
as result of further refurbishments at the site in
Vilvoorde € 540 K in combination with € 1,300 K
depreciations.
The capital increases at the affiliates ACC (€ 31,750 K),
Alcadis (€ 54,893 K) and Moteo (€ 37,946 K) were
the main drivers for the increase of the financial
assets.
The amounts receivable from affiliated companies
remained stable.
2. Current assets
Investments in own shares € 3,462 K are responsible
for the increase in current assets.
3. Capital and reserves
The capital and reserves of Alcopa increased
with € 30,637 K due to the profit of the year of
€ 36,118 K and because of the appropriation of a
dividend to the shareholders of € 5,481 K.
4. Creditors
The aforementioned capital increases at ACC, Alcadis
and Moteo resulted in an increase of the funding
from € 77,000 K to € 173,000 K.
5. Income statement
Higher other operating income offset by higher services
and goods resulted in a stable operating result
compared to 2008,
The financial income amounted to € 32,766 K due
to the dividend from ACC to Alcopa. Despite the
increased outstanding loans the lower average interest
rates resulted in a decrease of the financial
charges of € 2,284 K.
The extraordinary income for 2009 consisted of the
reversal amounts written off on investements for
€ 3,002 K and gains on the sale of the investment in
Moorkens Luxembourg to Abelim € 2,359 K.
All of this resulted in a profit of the year after
taxation of € 36,118 K.
APPROPRIATION ACCOUNT (in EUR 000) Dec 2008 Dec 2009
A. Profit (loss) to be appropriated 81 805 111 610
1. Profit (loss) for the financial year - 5 697 36 118
2. Profit brought forward 87 501 75 492
C. Appropriation to equity 0 0
3. Transfer to other reserves 0 0
D. Profit (loss) to be carried forward - 75 492 - 106 129
1. Profit to be carried forward 75 492 106 129
F. Profit to be distributed - 6 312 - 5 481
1. Remuneration of capital 6 312 5 481
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