CONTENTS - Capgemini

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106 ANNUAL GROUP CONSOLIDATED FINANCIAL STATEMENTS Capgemini A) Analysis of results by geographic area Results for 2006 break down as follows by geographic area: in millions of euros North America REPORT 2006 Capgemini United Kingdom and Ireland Nordic countries Benelux Germany and Central Southern Europe France Europe Asia- Pacific Not allocated (1) Eliminations Total REVENUES - external 1,341 2,126 441 1,046 514 1,816 339 77 - - 7,700 - inter-geographic area 12 48 23 45 60 74 28 130 (420) TOTAL REVENUES 1,353 2,174 464 1,091 574 1,890 367 207 - (420) 7,700 OPERATING MARGIN 72 164 32 142 52 5 15 13 (48) - 447 % 5.4 7.7 7.4 13.5 10.2 0.3 4.4 16.4 - - 5.8 OPERATING PROFIT/(LOSS) 66 127 29 131 40 (30) 9 11 (49) - 334 Finance costs, net (10) Other financial income and expense, net (18) Income tax expense (13) PROFIT FOR THE YEAR 293 PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE 293 PARENT (1) Items not allocated correspond to headquarters’ expenses. Operating margin improved in all geographic areas except France, where the overall profitability of the Consulting Services and Technology Services businesses is not sufficient to offset the impact of difficulties encountered on the Schneider Electric contract (delays in the delivery of the Global Core System, and the greater-than-expected complexity of its future operation). As regards other operating income and expense for the year, refer to Note 6 – “Other operating income and expense, net”. Results for 2005 break down as follows by geographic area: in millions of euros North America United Kingdom and Ireland Nordic Germany and Central countries Benelux Europe France Southern Europe Asia- Pacific Not allocaEliminated (1) tions Total REVENUES – external 1,353 1,738 415 956 443 1,666 310 73 - - 6,954 – inter-geographic area 17 50 17 49 42 67 22 70 - (334) - TOTAL REVENUES 1,370 1,788 432 1,005 485 1,733 332 143 - (334) 6,954 OPERATING MARGIN (26) 67 24 101 36 44 9 9 (39) - 225 % (1.9) 3.8 5.9 10.6 8.2 2.6 2.9 12.1 - - 3.2 OPERATING PROFIT/(LOSS) 20 56 14 85 50 16 5 8 (40) - 214 Finance costs, net (24) Other financial income and expense, net (14) Income tax expense (35) PROFIT FOR THE YEAR 141 PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 141 (1) Items not allocated correspond to headquarters’ expenses.
Results for 2004 break down as follows by geographic area: in millions of euros North America United Kingdom and Ireland Nordic Germany and Central countries Benelux Europe France Southern Europe Asia- Pacific Not allocated (1) Eliminations Total REVENUES – external 1,351 1,288 391 857 477 1,479 299 93 - - 6,235 – inter-geographic area 13 35 12 45 23 64 12 50 - (254) - TOTAL REVENUES 1,364 1,323 403 902 500 1,543 311 143 - (254) 6,235 OPERATING MARGIN (108) 8 1 46 15 54 (10) 3 (33) - (24) % (8.0) 0.6 0.3 5.4 3.1 3.6 (3.3) 3.2 - - (0.4) OPERATING PROFIT/(LOSS) (149) (26) (15) (2) (6) (10) (41) 1 (33) - (281) Finance costs, net Other financial income and expense, (28) net 1 Income tax expense (226) LOSS FOR THE YEAR (534) LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT (1) Items not allocated correspond to headquarters’ expenses. B) Analysis of depreciation, amortization and other expenses with no cash impact Depreciation, amortization and other expenses with no cash impact break down as follows for 2006: in millions of euros North America United Kingdom and Ireland Nordic countries Benelux Germany and Central Europe France Southern Europe Asia- Pacific ANNUAL REPORT 2006 Capgemini (534) Not allocated Total Depreciation and amortization expense (31) (54) (7) (17) (21) (25) (5) (6) (1) (167) Additions to provisions, net (1) (2) (6) - (2) (10) (42) (1) (2) - (65) TOTAL (33) (60) (7) (19) (31) (67) (6) (8) (1) (232) (1) This item includes net movements in provisions for doubtful accounts and current and non-current provisions. Depreciation, amortization and other expenses with no cash impact break down as follows for 2005: in millions of euros North America United Kingdom and Ireland Nordic countries Benelux Germany and Central Europe France Southern Europe Asia- Pacific Not allocated Total Depreciation and amortization expense (47) (47) (8) (25) (24) (25) (4) (5) (1) (186) Additions to provisions, net (1) 1 (1) - (1) - (10) (1) 1 - (11) TOTAL (46) (48) (8) (26) (24) (35) (5) (4) (1) (197) (1) This item includes net movements in provisions for doubtful accounts and current and non-current provisions. 107
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CONTENTS 02 Financial highlights 03
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THE CAPGEMINI GROUP I - COMPANY HIS
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Prospects for 2007. Demand should r
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is beginning to produce a European
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Professional IT Services Market Sha
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Simplified organization chart for t
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ut also on local issues, in partner
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the investment slowdown led to down
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BREAKDOWN OF WORKFORCE BY AGE: EVOL
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in 2005. Overall satisfaction with
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same content management platform an
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committed to delivering a truly col
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urgent health crises, which an empl
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7.5 The group and the environment E
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principles into its offers and to r
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this trend is set to increase in th
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Economic conditions The Group’s g
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STOCK MARKET CAPITALIZATION From Ja
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MANAGEMENT REPORT PRESENTED BY THE
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1.5 Profitability Operating margin
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€193 million in actuarial gains r
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paragraph 3 of article 158 of the F
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As is the case for all the Group’
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VI - FINANCING POLICY AND MARKET RI
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of the countries in which beneficia
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under French corporate governance g
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is based on the percentage of attai
Page 55 and 56: internal control procedures cannot
Page 57 and 58: specific issues relating to the fol
Page 59 and 60: Management and, above all, the Chai
Page 61 and 62: GROUP CONSOLIDATED FINANCIAL STATEM
Page 63 and 64: CONSOLIDATED STATEMENTS OF INCOME F
Page 65 and 66: CONSOLIDATED STATEMENTS OF CASH FLO
Page 67 and 68: (1) Restated in accordance with IFR
Page 69 and 70: Exchange differences arising on mon
Page 71 and 72: term growth rates for the period be
Page 73 and 74: Other financial liabilities With th
Page 75 and 76: NOTE 3 - CHANGES IN GROUP STRUCTURE
Page 77 and 78: In 2004 and 2005, restructuring cos
Page 79 and 80: The difference between the French s
Page 81 and 82: Fair value of options granted and i
Page 83 and 84: Dilutive impact of the June 24, 200
Page 85 and 86: Net value of goodwill At December 3
Page 87 and 88: Reconciliation of the acquisition c
Page 89 and 90: Deferred tax liabilities at Decembe
Page 91 and 92: Total accounts receivable net of ad
Page 93 and 94: Upon early redemption, the bonds ma
Page 95 and 96: The facility agreement includes cov
Page 97 and 98: Cap Gemini S.A. pays a variable rat
Page 99 and 100: B) Analysis of movements in provisi
Page 101 and 102: F) Contributions to plans in 2007 T
Page 103 and 104: NOTE 20 - CURRENT AND NON-CURRENT P
Page 105: At December 31, 2006, commitments r
Page 109 and 110: At December 31, 2005, assets and li
Page 111 and 112: NOTE 27 - NUMBER OF EMPLOYEES A) Av
Page 113 and 114: NOTE 29 - LIST OF CONSOLIDATED COMP
Page 115 and 116: Country Consolidated company % inte
Page 117 and 118: FIVE-YEAR FINANCIAL SUMMARY in mill
Page 119 and 120: STATUTORY AUDITORS’ SPECIAL REPOR
Page 121 and 122: STATUTORY AUDITORS’ SPECIAL REPOR
Page 123 and 124: TEXT OF THE DRAFT RESOLUTIONS PRESE
Page 125 and 126: Ninth resolution Authorization to b
Page 127 and 128: Meeting may decide to appropriate a
Page 129 and 130: Proposed renewals of financial auth
Page 131 and 132: Changes in the Company’s capital
Page 133 and 134: CORPORATE GOVERNANCE To avoid repet
Page 135 and 136: MEMBERS OF THE BOARD Yann DELABRIÈ
Page 137 and 138: MEMBERS OF THE BOARD Phil LASKAWY D
Page 139 and 140: DIRECTORS’ INTERESTS This informa
Page 141 and 142: Fees paid by the Group to the Statu
Page 143: CROSS-REFERENCE TABLE To facilitate
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CONTENTS - Capgemini

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