Read the Registration Document - Guerbet

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Tax income or expense recorded in the income statement breaks down as follows:2012 2011Group tax income / (expense) (1,738) 364Tax charge from consolidated subsidiaries 288 1,662Tax savings passed back to consolidated subsidiaries (323) (122)Other tax charges 5 (126)Tax income /(expense) of the company heading the tax group (1,768) 1,778Tax income or expense for the company heading the tax group breaks down as follows:2012 2011Income tax on current income 1 (5,093) (608)Income tax on exceptional profit (loss) 3,326 2,386Other tax charges - -Tax income /(expense) of the company heading the tax group (1,768) 1,778Disallowed deductions provided for under article 39-4 of the French general tax codeFor 2012, disallowed deductions incurred by Guerbet concerned €191,000 for the depreciation of privatevehicles.Note 20 – Deferred taxesGuerbet deferred tax has been calculated on the basis of French tax group starting in 1988. Inconsequence, taxes paid in advance resulting from the difference between income and expenses recordedand their inclusion in tax earnings, and taxes payable on items under shareholders' equity (regulatedprovisions) have been determined for all companies included in the tax group.2012 2011Net deferred tax resulting from timing differences (tax assets) 8,287 7,587Deferred tax on shareholders' equity items (tax liabilities) 13,484 11,510These deferred taxes were calculated at the rate of 33 1/3% increased by the French social contribution taxplus the exceptional contribution applicable for those years provided for by statute.Note 21 – Impact of the application of tax rules on income of the periodTo benefit from certain tax provisions, the company is required to record certain items under income asnon-recurring items that do not constitute book expenses or income.2012 2011Pre-tax income 8,450 (1,478)Net allowances or reversals of regulated provisions and special tax depreciation charges (4,950) (6,164)Adjusted pre-tax income 13,400 4,6861 Including a research tax credit of €3.05 million129
Note 22 – AssociatesAll material transactions concluded with affiliated undertakings potentially falling under the scope of ArticleR 123-198 of the French Commercial Code concern wholly owned subsidiaries.2012 2011Financial assetsInvestments in associates 53,411 52,809Advances to associates 6 1,153Trade receivables 5,873 951ReceivablesOther receivables 1,353 1,536Current account receivables 46,494 54,600Provisions for contingencies and expenses - -PayablesMiscellaneous loans and borrowings - -Trade payables - 262Payables to fixed asset suppliers 72 72Other payables 499 -Current account payables 21,837 13,666Deferred revenue 134 704Operating revenueSale of goods 146,175 149,331Sale of services 1,185 942Other products 2,856 2,423Operating expensesPurchase of goods and supplies (27,374) (24,418)Non-stock purchases, other services (6,107) (6,897)Taxes other than on income - -Financial incomeDividends - 3,010Interest and similar income 446 533Reversals of provisions, expense reclassifications 458 264Currency gains - -Financial expensesAllowances for amortisations and reserves (96) (4,258)Interest and similar expenses (118) (145)Cancellation of debt - -Currency losses - -Exceptional expensesExceptional appropriations for amortisation and reserves - -Cancellation of debt (4,553) -130
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CONTENTSCHIEF EXECUTIVE OFFICERS’
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CHIEF EXECUTIVE OFFICERS’ MESSAGE
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THE GUERBET GROUP1) History of the
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3) Business overview3.1 Guerbet is
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3.4 The pathologiesIn Oncology, the
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Guerbet's offering of products is c
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c) Research & development• R&D ob
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• A proactive partnering strategy
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5) Group organisation at 31 Decembe
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e) DistributionGuerbet distribute i
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DirectorsOther offices and director
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There exist no arrangements or unde
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Summary of compensation for Marie-C
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• Stock options granted to non-of
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I - 1Organisation of the work of th
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"Research and Innovation" Committee
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II - Internal control and risk mana
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4) Statutory Auditors’ report pre
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SHAREHOLDER INFORMATION1) The Guerb
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As at 31 December 2010SHARESVOTING
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considered to have automatically re
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10) Provisions of the Articles of A
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c) Earnings highlightsIFRS(in thous
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g) OutlookStrongly focused on the n
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3) Risk factorsThe company conducte
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• Sourcing risksGuerbet has an ex
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• Information technology risksAn
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• Five-year summary of consolidat
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• Other information included in t
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• Recruitment and dismissalsGuerb
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and employee savings. The goal is s
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• Measures adopted to promote emp
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) Pollution and waste managementThe
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3) Societal informationa) Territori
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• Consolidated income statementIn
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In thousands of euros• Statement
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Changes in standards and interpreta
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g) Research and development expendi
Page 80 and 81: Held to maturity investmentsHeld-to
Page 82 and 83: creation are recorded under "Other
Page 84 and 85: III) Notes to the financial stateme
Page 86 and 87: Aged trial balance information for
Page 88 and 89: 2.2 - Borrowings by currencyCurrenc
Page 90 and 91: 3.3 - Analysis of the sensitivity o
Page 92 and 93: Revenue2012European companiesfor th
Page 94 and 95: In 2005, the Group acquired for ¥5
Page 96 and 97: 6.2 - Analysis of property, plant a
Page 98 and 99: The change in the net value of inve
Page 100 and 101: 12.2 - Accrued employee benefitsa)
Page 102 and 103: Change in net liabilities of the pe
Page 104 and 105: 14.4 - Personnel by region at year-
Page 106 and 107: Note 22 - Research and development
Page 108 and 109: Note 25 - Related parties25.1 - Rel
Page 110 and 111: Note 27 - Basic earnings per share
Page 112 and 113: 2) Auditors’ report on the consol
Page 114 and 115: 3) Parent company financial stateme
Page 116 and 117: • Income statementIn thousands of
Page 118 and 119: • Statement of cash flowsIn milli
Page 120 and 121: c) Property, plant and equipmentPro
Page 122 and 123: Note 1 - Intangible assets1 - 1 - C
Page 124 and 125: Note 6 - Receivables by maturityCos
Page 126 and 127: Note 9 - Regulated provisionsInvest
Page 128 and 129: Note 13 - Sales by region2012 2011F
Page 132 and 133: Debt waiver agreements granted to a
Page 134 and 135: Capital lease commitments relative
Page 136 and 137: 4) Auditors' report on the separate
Page 138 and 139: 5) Auditors' special report on rela
Page 140 and 141: ORDINARY AND EXTRAORDINARY GENERAL
Page 142 and 143: RESOLUTION THREE (Special report of
Page 144 and 145: Extraordinary resolutionsRESOLUTION
Page 146 and 147: 3) Report of the Board of Directors
Page 148 and 149: Application of legal provisions gov
Page 150 and 151: • Tenth draft resolution: stock s
Page 152 and 153: 2) The Statutory Auditorsa) Statuto
Page 154 and 155: 6) Articles of association (selecte
Page 156 and 157: 7) 2013 shareholders calendarEventD
Page 158 and 159: ) Annual financial reportInformatio
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