Annual Report 2008 – Financial Section - Quilvest

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements (continued) Quilvest & Associés Gestion d’Actifs SAS The minority shareholders of Quilvest & Associés Gestion d'Actifs have a put option to sell their respective interests to Quilvest Banque Privée (QBP), in the event that the shareholding of QBP in Quilvest & Associés exceeds 50%. Fideas Capital SAS Fideas Capital SAS is a management company active in asset management consultancy. During the financial year 2008, the Group divested from this company to a holding percentage lower than 20%.As a result, this entity is no longer accounted for as an associate at reporting date. Gaspal Holding SAS This entity is a management company targeting high net worth individuals as well as institutionals. 39
Notes to the Consolidated Financial Statements (continued) 12) DeferredTax Assets and Liabilities 12.1) Recognized Deferred Tax Assets and Liabilities In $ ‘000 2008 2007 2008 2007 Assets Liabilities Assets Liabilities net net Investments - (4) - (70) (4) (70) Property, Plant and Equipment 44 (4,171) 15 (4,565) (4,127) (4,550) Investment property - (2,915) - (3,178) (2,915) (3,178) Intangible assets 7 - 9 - 7 9 Investments in associates - (14) - - (14) - Employee benefits 169 - 151 - 169 151 Other provisions - (1,792) - (1,678) (1,792) (1,678) Total deferred tax assets/(liabilities) 220 (8,896) 175 (9,491) (8,676) (9,316) 12.2) Movements of net deferred tax assets and liabilities In $ ‘000 2008 2007 Net deferred tax assets (liabilities) at opening balance (9,316) (7,405) Decrease/(Increase) in temporary differences 524 (1,139) Currency differences 116 (772) Net deferred tax assets/(liabilities) at closing balance (8,676) (9,316) 40
Page 1 and 2: 2 Table of Contents Directors’ re
Page 3 and 4: Directors’ Report (continued) Cap
Page 5 and 6: Consolidated Balance Sheet for the
Page 7 and 8: Consolidated Income Statement for t
Page 9 and 10: Consolidated Statement of Changes i
Page 11 and 12: Significant Accounting Policies (co
Page 23 and 24: Notes to the Consolidated Financial
Page 37: Notes to the Consolidated Financial
Page 65 and 66: Report of the Réviseur d’Entrepr
Page 67 and 68: Profit and Loss Account as of Decem
Page 69 and 70: Notes to the Annual Accounts (conti
Page 71: Earnings and Allocations Proposal -

Annual Report 2008 – Financial Section - Quilvest

Create successful ePaper yourself

Delete template?

Save as template?