Read the Registration Document - Guerbet

Note 13 – Sales by region2012 2011France (including overseas department and territories) 123,445 108,958Europe excluding France 104,316 105,492Europe including France 227,761 214,450Asia 27,271 26,031Latin America 24,188 26,083North America 7,115 9,798Other countries 14,360 14,643Total 300,695 291,005Note 14 – Operating grantsIn December 2008, the request for aid submitted to OSEO innovation agency for the Franco-Germanresearch project, Iseult, was approved by the European commission. The aid agreement provides forfinancing for one half of the expenses incurred including 39% in the form of repayable advances and 61% inthe form of grants.At 31 December 2012, the following items were recognised in connection with this aid agreement:In the balance sheet:- €2.3 million in grants received prior to the signature of the agreement in December 2008 andrecognised under "Other current financial liabilities";- €1.8 million in repayable advances received from 2008 to 2011 and recognised under "Non-currentfinancial liabilities".- €1.4 million in grants receivable for research expenditures incurred by Guerbet from 1 July 2011 to30 June 2012. These grants are recognised under "Other current financial assets".In the income statement:- €1.4 million recognised under "Other revenue from ordinary activities" for this grant receivable.A €1.6 million repayable advance to be received in 2013 by Guerbet for research expenditures incurredfrom July 2011 to June 2012. This item was not recognised in the financial statements at 31 December2012.In 2011, Guerbet received and recognised financing of €2.5 million including €2.4 million in grants and €0.1million in repayable advances for research expenditures incurred by Guerbet from July 2010 to June 2011.The amount of contingent income that remains to be received for research expenditures incurred in the2012 second half but not yet approved by Oseo at the end of the reporting period and not recognised in theincome statement would amount to €503,000 in grants. To this, €325,000 in repayable advances should beadded.An amendment is in the process of being executed with Oseo that provides for a two-year extension of theterm of the project and a modification of the terms for financial returns in the eventuality a product is put onthe market on completion of the project.Note 15 – Other incomeAn insurance payment of €3.3 million was paid for material damage and business interruption losses for theclaim of November 2011 involving our Lanester site.127