CONTENTS - Capgemini

GROUP CONSOLIDATED
FINANCIAL STATEMENTS
STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS .................................................................... 62
CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2004, 2005 AND 2006 .............................. 63
CONSOLIDATED BALANCE SHEETS AT DECEMBER 31, 2004, 2005 AND 2006 ................................................................................... 64
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2004, 2005 AND 2006 ...................... 65
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2004, 2005 AND 2006 ........ 66
CONSOLIDATED STATEMENTS OF RECOGNIZED INCOME AND EXPENSE
FOR THE YEARS ENDED DECEMBER 31, 2004, 2005 AND 2006 ............................................................................................................ 67
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS ................................................................................................... 68
Note 1 – Accounting policies .......................................................................................................................................................................... 68
Note 2 – Change in accounting method ......................................................................................................................................................... 74
Note 3 – Changes in Group structure............................................................................................................................................................. 75
Note 4 – Revenues .......................................................................................................................................................................................... 75
Note 5 – Operating expenses by nature ......................................................................................................................................................... 76
Note 6 – Other operating income and expense, net ....................................................................................................................................... 76
Note 7 – Finance costs, net ............................................................................................................................................................................. 77
Note 8 – Other financial income and expense, net ........................................................................................................................................ 78
Note 9 – Income tax expense ......................................................................................................................................................................... 78
Note 10 – Shareholders’ equity ....................................................................................................................................................................... 80
Note 11 – Goodwill and intangible assets ...................................................................................................................................................... 84
Note 12 – Property, plant and equipment ...................................................................................................................................................... 86
Note 13 – Deferred taxes ................................................................................................................................................................................ 87
Note 14 – Other non-current assets ............................................................................................................................................................... 90
Note 15 – Accounts and notes receivable ....................................................................................................................................................... 90
Note 16 – Other receivables and income taxes .............................................................................................................................................. 91
Note 17 – Net cash and cash equivalents ....................................................................................................................................................... 91
Note 18 – Derivative instruments ................................................................................................................................................................... 96
Note 19 – Provisions for pensions and other post-employment benefits....................................................................................................... 98
Note 20 – Current and non-current provisions .............................................................................................................................................. 103
Note 21 – Other non-current liabilities .......................................................................................................................................................... 103
Note 22 – Accounts and notes payable .......................................................................................................................................................... 103
Note 23 – Other payables and income taxes .................................................................................................................................................. 103
Note 24 – Group management compensation................................................................................................................................................ 104
Note 25 – Off balance sheet commitments..................................................................................................................................................... 104
Note 26 – Segment Information ..................................................................................................................................................................... 105
Note 27 – Number of employees .................................................................................................................................................................... 111
Note 28 – Subsequent events ......................................................................................................................................................................... 111
Note 29 – List of consolidated companies by country ................................................................................................................................... 113
ANNUAL REPORT 2006 Capgemini
61