6 - Vicat

Financial information concerning the asset base,the financial condition and the results of the issuer20.3.3. NOTES TO VICAT S.A. FINANCIAL STATEMENTS 2009202) Financial investments :Financial investments increased by 125,196 thousandeuros, mainly as a result of :• increases in investments in companiesamounting to : 125,897• change in other Financial investments : - 701125,196In accordance with a liquidity agreement entered intowith an investment services provider - CA Cheuvreux,at year-end :• 10,000 Vicat shares representing a gross value of561 thousand euros were allocated to this liquidityagreement.• 4,873 thousand euros in cash invested in a money marketfund were allocated to this liquidity agreement.Loans and other long-term investments break downas follows : (in thousands of euros)• within one year -• over one year 77,63577,635B - Shareholders' equityShare capital amounts to 179,600,000 euros and isdivided into 44,900,000 shares of 4 euros each.The share ownership breaks down as follows :• Employees 4.82 %including salaried shareholders (*) 2.45 %• Family, Parfininco and Soparfi 60.57 %• Vicat 2.41 %(*)in accordance with Article L 225-102 of the FrenchCommercial CodeCHANGE IN SHAREHOLDERS' EQUITY(in thousands of euros) 2009 2008Shareholders' equity at the beginning of year 952,406 1,009,434Shareholders' equity at the end of year 1,035,017 952,406Change 82,611 - 57,028Analysis of changeCapital reduction - 112,646Income for the year 124,862 103,414Dividends paid (1) - 65,637 - 65,393Revaluation change - 33Regulated provision 23,386 17,63082,611 - 57,028(1)less dividends on treasury sharesRegulated provisions break down as follows :(in thousands of euros)ValueRecoveredat 1 yearmaximumRecovered after morethan 1 yearPrice increase provision 11,378 227 11,151Special tax depreciation 74,845 2,552 72,293Special revaluation provision 2,465 - 2,465Investment provision 6,804 519 6,285TOTAL 95,492 3,298 92,1942009 registration document - VICAT 177