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122 CONSOLIDATED FINANCIAL STATEMENTS Consolidated fi nancial statements (under IFRS) for the fi scal year ended December 31, 2009 CONSOLIDATED INCOME STATEMENT (€ thousands) 12/31/2009 12/31/2008 Change Revenues: rental income 65,060 59,080 5,980 Other operating income 6,399 5,778 621 Total operating income 71,459 64,858 6,601 Property expenses (9,759) (10,112) 353 Other operating expenses (848) (1,375) 527 Total operating expenses (10,607) (11,487) 880 Net operating income from property 60,852 53,371 7,481 Capital gain (losse) from disposal of assets 2,150 (24) 2,174 Net operating income from property after disposals 63,002 53,347 9,655 Employee benefi ts expenses (7,222) (7,570) 348 Other management expenses (3,696) (3,343) (353) Other income 1,906 2,223 (317) Other expenses (458) (1,100) 642 Depreciation & amortisation (333) (159) (174) Other operating provisions (net of reversals) (475) (12) (463) Net o perating income (before changes in fair value of property) 52,724 43,386 9,338 Changes in fair value of property (89,478) 30,088 (119,566) Net o perating income (after changes in fair value of property) (36,754) 73,474 (110,228) Net fi nancial expense (16,152) (13,073) (3,079) Financial amortisation and provisions 29 - 29 Changes in fair value of fi nancial instruments 902 (686) 1,588 Share of income from entities accounted for by the equity method (100) - (100) Net i ncome before tax (52,075) 59,715 (111,790) Current taxes (1,902) 719 (2,621) Exit tax - (5,024) 5,024 Deferred taxes - 13,793 (13,793) Consolidated net income (53,977) 69,203 (123,180) Of which minority interests - - - Of which net income after minority interests (53,977) 69,203 (123,180) Consolidated net income after minority interests – per share (2.07) 2.77 (5.55) Diluted consolidated net income after minority interests – per share (2.07) 2.77 (5.54) CONSOLIDATED COMPREHENSIVE INCOME (€ thousands) 12/31/2009 12/31/2008 Change Consolidated net income (53,977) 69,203 (123,180) Impact of fi nancial instruments (9,948) (20,365) 10,417 Total gains and losses recognised directly in shareholders’ equity (9,948) (20,365) 10,417 Consolidated comprehensive income (63,925) 48,838 (112,763) Of which minority interests - - - Of which net income after minority interests (63,925) 48,838 (112,763) ANF • 2009 ANNUAL REPORT � Contents OTHER GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY Changes in shareholders’ equity Shareholders’ equity December 31, 2008 Capital stock Other paid-in capital CONSOLIDATED FINANCIAL STATEMENTS Consolidated fi nancial statements (under IFRS) for the fi scal year ended December 31, 2009 Treasury shares Consolidated reserves Company reserves Financial instrument reserves Consolidated income Total 24,957 320,799 (4,261) 380,787 327,258 (19,697) 69,203 1,099,046 Allocation of income - - - 63,611 5,592 - (69,203) - Dividends 1,055 3,101 - - (10,513) - - (6,357) Capital increase 59 - - - (59) - - - Treasury shares - - - - - - - Changes in fair value of hedging instruments Stock options, warrants, bonus shares Adjustment of SGIL consolidated reserves Net income for the year (excl. appropriations to reserves) Shareholders’ equity December 31, 2009 Shareholders’ equity December 31, 2007 - - - - - (9,948) - (9,948) - - - 847 - - - 847 - - - (36) - - - (36) - - - - - - (53,977) (53,977) 26,071 323,900 (4,261) 445,209 322,278 (29,645) (53,977) 1,029,575 23,768 322,031 (346) 207,213 332,940 668 197,792 1,084,067 Allocation of income - - - 187,190 10,602 - (197,792) 0 Dividends - - - - (30,807) - - (30,807) Capital increase 1,189 (1,188) - - - - - 0 Adjustment for capital increase expenses - (44) - - - - - (44) Treasury shares - - (3,915) - - - - (3,915) Changes in fair value of hedging instruments Stock options, warrants, bonus shares Adjustment of SGIL consolidated reserves - - - - - (20,365) - (20,365) - - - 947 - - - 947 - - - (40) - - - (40) SIIC revaluation - - - (14,523) 14,521 - - (2) Net income for the year (excl. appropriations to reserves) Shareholders’ equity December 31, 2008 � Contents - - - - - - 69,203 69,203 24,957 320,799 (4,261) 380,787 327,258 (19,697) 69,204 1,099,046 ANF • 2009 ANNUAL REPORT 123 OTHER GENERAL GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS
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egistration document 2009
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2009 Annual Report � The Registra
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DESCRIPTION OF THE BUSINESS 1. PROF
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of listed real estate companies hav
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Furthermore, as part of its asset r
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DESCRIPTION OF THE BUSINESS Propert
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7. Lyons at the heart of the old ci
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ANF’s goal is to maintain the hig
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ANF had the following real estate a
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To return the buildings to their fo
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9.3 Committed and secured developme
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DESCRIPTION OF THE BUSINESS (€ th
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A new ANF tenant in the cities of L
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13. Key Figures SIMPLIFIED INCOME S
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1. INCOME FROM OPERATIONS 28 1.1 Fa
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The ILC index applies to leases sig
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sales of €29.7 million and partia
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• property held for sale worth
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Income statement Net income in 2009
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1.4 Financial structure Consolidate
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1.5 Events occurring after the bala
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Name and age Bruno Keller Age: 55 C
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Members of the Supervisory Board 1.
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Name and age Delphine Abellard (1)
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Name and age Sébastien Bazin* Age:
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Name and age Jean-Luc Bret Age: 63
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Name and age Alain Lemaire* Age: 60
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Name and age Henri Saint Olive Age:
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INFORMATION ABOUT ANF 2.2 Declarati
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Members of the Executive Board and
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Ghislaine Seguin, Member of the Exe
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Members of the Executive Board and
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INFORMATION ABOUT ANF Corporate gov
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TABLE 5: STOCK OPTIONS EXERCISED BY
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Stock options are granted during th
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down into €21,783,916.96 charged
Page 73 and 74: Accordingly, the new purchase price
Page 75 and 76: 3 Risk management, risk factors and
Page 77 and 78: Risks related to information system
Page 79 and 80: Since June 1, 2006, lessors are req
Page 81 and 82: 3.5 Risks related to B&B Hotels Gro
Page 83 and 84: 2007 INFORMATION ABOUT ANF Voting r
Page 85 and 86: Pursuant to the regulations in effe
Page 87 and 88: 5. Sustainable development 5.1 Huma
Page 89 and 90: INFORMATION ABOUT ANF Reports and i
Page 91 and 92: otherwise exercisable, immediately
Page 93 and 94: The maximum purchase price per shar
Page 95 and 96: 4. resolves that this delegation of
Page 97 and 98: e retroactive, from which the new s
Page 99 and 100: up to the limits set out by applica
Page 101 and 102: The extraordinary resolutions propo
Page 105 and 106: website (www.medef.fr) (“Code de
Page 107 and 108: The Statutory Auditors were duly in
Page 109 and 110: • liabilities or similar instrume
Page 111 and 112: analysis of turnover by supplier, e
Page 113 and 114: Within ANF, a profi t-sharing agree
Page 121 and 122: CONSOLIDATED FINANCIAL STATEMENTS I
Page 123: CONSOLIDATED BALANCE SHEET - TOTAL
Page 127 and 128: Detailled contents HIGHLIGHTS OF TH
Page 129 and 130: using the fair value convention. In
Page 131 and 132: As of December 31, 2009, fi ve buil
Page 133 and 134: A review of the rental base for fi
Page 135 and 136: d) Stock option plan granted in 200
Page 137 and 138: Earnings per share (IAS 33) Basic e
Page 139 and 140: CONSOLIDATED FINANCIAL STATEMENTS N
Page 141 and 142: Note 2 Receivables maturity schedul
Page 143 and 144: ANF’s former Chief Operating Offi
Page 145 and 146: Note 10 Covenants With respect to l
Page 147 and 148: Note 14 Associates CONSOLIDATED FIN
Page 149 and 150: Note 16 Earnings per share CONSOLID
Page 151 and 152: Note 20 Interest rate risk exposure
Page 153 and 154: III - Specifi c checks and disclosu
Page 155 and 156: ANNUAL FINANCIAL STATEMENTS Pursuan
Page 157 and 158: Balance sheet at December 31, 2009
Page 159 and 160: Notes to the financial statements D
Page 161 and 162: espect of which depreciation period
Page 163 and 164: The real estate assets break down b
Page 165 and 166: Non-current fi nancial assets (€
Page 167 and 168: Note 8 Change in shareholder’s eq
Page 169 and 170: Note 10 Debt maturity schedule (€
Page 171 and 172: Note 14 Covenants With respect to l
Page 173 and 174: Note 16 Headcount As of December 31
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Stock option plan granted in 2007 D
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Stock option plan granted in 2009 D
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Note 22 Extraordinary items ANNUAL
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III - Specifi c checks and disclosu
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PRO FORMA FINANCIAL INFORMATION �
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OTHER GENERAL INFORMATION 1. PERSON
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Statutory Auditors’ fees TABLE OF
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If the ownership threshold is not m
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OTHER GENERAL INFORMATION Other inf
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3.2 Share capital Number of shares
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violation of these Articles of Asso
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to a specifi c situation, or conver
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or vote on the project in question
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OTHER GENERAL INFORMATION Other inf
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5.6 History Important events in the
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In accordance with RICS rules, we w
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• Three assets are under fi nance
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OTHER GENERAL INFORMATION Contacts
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OTHER GENERAL INFORMATION Contacts
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OTHER GENERAL INFORMATION Concordan
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OTHER GENERAL INFORMATION Concordan
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OTHER GENERAL INFORMATION � Conte
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Head office : 32, rue de Monceau -
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