ANNUAL REPORT ARCELOR 2003 - paperJam

27.1 Breakdown by activity (continued)2002 pro forma (unaudited) Flat Long Stainless Distribution, Other Eliminations Total(Figures in EUR million,Carbon Carbon Steel Processing, activitiesexcept for the number of employees) Steel Steel TradingINCOME STATEMENTRevenue 13,222 4,256 4,248 9,444 910 (5,486) 26,594Inter-sector sales (3,600) (778) (120) (379) (609) 5,486 -TOTAL 9,622 3,478 4,128 9,065 301 - 26,594Gross operating profit 925 613 200 319 (79) - 1,978Depreciation (777) (183) (149) (151) (42) - (1,302)Of which non-recurring reductions in value (185) - - - - - (185)Operating profit(before amortisation of goodwill) 148 430 51 168 (121) - 676Amortisation of goodwill 68 (6) 41 1 - 104Operating profit 216 430 45 209 (120) - 780Share in the profit of companiesaccounted for using the equity method 24 7 21 7 18 - 77BALANCE SHEETSegment assets 12,213 3,401 3,338 4,495 4,228 (6,300) 21,375Property, plant and equipment 5,278 1,558 1,308 928 240 - 9,312Investments in companies accountedfor using the equity method 1,008 146 101 111 414 - 1,780Unallocated assets - - - - - - 2,719TOTAL CONSOLIDATED ASSETS 13,221 3,547 3,439 4,606 4,642 (6,300) 25,874Segment liabilities 5,353 1,200 1,408 2,033 1,014 (1,339) 9,669Unallocated liabilities - - - - - - 8,774TOTAL CONSOLIDATED LIABILITIES 5,353 1,200 1,408 2,033 1,014 (1,339) 18,443Acquisitions of tangible and intangiblefixed assets 782 245 181 168 39 - 1,415OTHER INFORMATIONNumber of employees (average) 50,035 17,953 15,041 19,289 3,238 - 105,556financial information > consolidated financial statementsANNUAL REPORT ARCELOR 2003 175