REGISTRATION DOCUMENT - Bourbon

5ComprehensiveCOMPANY FINANCIAL STATEMENTSincome statementCOMPREHENSIVE INCOME STATEMENT(in € thousands) 2011 2010I. OPERATING INCOMEIncome from services - 310Revenues - 310Reversals of provisions (and amortizations), expense transfers - -Other income - -TOTAL I - 310II. OPERATING EXPENSESOther purchases and external expenses 2,549 2,387Taxes and similar levies 430 474Provisions for amortization - -Provisions for current assets - -Other expenses 189 168TOTAL II 3,168 3,029OPERATING RESULT (3,168) (2,719)III. FINANCIAL PROFIT (LOSS)Financial income from investments 105,610 124,855Income from other securities and fi xed asset receivables - -Other interest receivable and similar income 7,025 2,793Reversals of provisions and expense transfers 8,091 51,005Foreign exchange gains - 20Net income from sale of securities - -TOTAL III 120,726 178,673IV. FINANCIAL EXPENSESDepreciation allowance and provisions 24,101 20,903Interest and similar expenses 8 205Foreign exchange losses - 2Net loss from sale of securities - -TOTAL IV 24,109 21,110FINANCIAL INCOME (LOSS) 96,617 157,563INCOME FROM CURRENT OPERATIONS 93,449 154,844V. NON-RECURRING INCOMEIncome from management operations - -Income from capital transactions 1,238 37,030Reversals of provisions and expense transfers - 244TOTAL V 1,238 37,274VI. NON-RECURRING EXPENSESExpenses on management operations - 134Expenses on capital transactions 2,650 78,160Amortization, depreciation and provisions - 45TOTAL VI 2,650 78,339NON-RECURRING PROFIT (LOSS) (1,412) (41,065)VII. INCOME TAXES (6,278) (13,499)Total income 121,964 216,257Total expenses 23,649 88,979PROFIT (LOSS) FOR THE PERIOD 98,315 127,278128BOURBON - 2011 Registration Document