ANNUAL REPORT 2007 | 2008 - Gimv

More documents

Recommendations

Info

4. CONSOLIDATED CASH FLOW STATEMENT (IN EUR 000) 110 | Gimv Annual Report 2007-2008 | Statutory consolidation IFRS Statutory consolidation Explanations 31/03/08 31/03/07 I. NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES (1. en 2.) 46 066 -29 622 1. Cash generated from operations (1.1. till 1.3.) 44 362 -31 169 1.1. Operating result 1 193 663 240 298 1.2. Adjustment for -161 592 -249 619 1.2.1. Interest income (-) -5 691 -8 101 1.2.2. Dividends (-) -5 885 -23 034 1.2.3. Gain on disposal of investments -129 710 -105 836 1.2.4. Losses on disposal of investments 1 615 3 973 1.2.5. Depreciation and amortisation 4 678 10 431 1.2.6. Impairment losses 13 541 12 937 1.2.7. Translation differences 1.2.8. Unrealised gains (losses (-)) on fi nancial -112 - assets at fair value through profi t & loss -49 246 -135 441 1.2.9. Increase (decrease (-)) in provisions 1.2.10. Increase (decrease (-)) pension liabilities 8 087 6 106 (assets) 244 -10 465 1.2.11. Other adjustments 886 -190 1.3. Change in working capital 12 291 -21 848 1.3.1. Increase (decrease (-)) in inventories 1.3.2. Increase (decrease (-)) in trade and other -3 630 -432 receivables 1.3.3. Increase (decrease (-)) in trade and other 11 846 -8 816 payables (-) 3 320 -20 922 1.3.4. Other changes in working capital 754 8 322 2. Income taxes paid (received) 1 704 1 548
4. CONSOLIDATED CASH FLOW STATEMENT (IN EUR 000) - CONTINUED IFRS Statutory consolidation Explanations 31/03/08 31/03/07 II. NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (1 till 16) 152 676 -17 317 1. Purchase of property, plant and equipment (-) -3 099 -3 876 2. Purchase of investment property (-) -250 - 3. Purchase of intangible assets (-) 4. Proceeds from disposal of property, plant and -41 243 -109 equipment (+) 49 67 5. Proceeds from disposal of investment property (+) 19 26 6. Proceeds from disposal of intangible assets (+) 7. Proceeds from disposal of fi nancial assets at fair value 28 2 through profi t & loss (+) 8. Proceeds from repayment of loans granted to investee 362 368 166 543 companies (+) 9. Investment in fi nancial assets at fair value through 16 505 28 237 profi t & loss (-) -123 319 -131 421 10. Loans granted to investee companies (-) -49 811 -18 182 11. Net investment in other fi nancial assets 12. Acquisitions of subsidiaries, associates or joint - 2 ventures, net of cash acquired (-) -20 993 -90 854 13. Interest received 5 691 8 101 14. Dividends received 5 885 23 035 15. Government grants received - - 16. Other cash fl ows from investing activities 847 1 112 III. NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES (1 till 11) -112 940 12 724 1. Proceeds from capital increase - 5 243 2. Proceeds from borrowings 46 291 81 342 3. Proceeds from fi nance leases - - 4. Proceeds from the sale of treasury shares - 681 5. Capital repayment - - 6. Repayment of borrowings (-) -43 082 -7 845 7. Repayment of fi nance lease liabilities (-) -3 001 - 8. Purchase of treasury shares (-) -475 - 9. Interest paid (-) -21 910 -6 138 10. Dividends paid (-) -112 584 -83 303 11. Other cash fl ows from fi nancing activities 21 820 22 744 IV. NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (I till III) 85 803 -34 215 V. CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 24 452 535 486 750 VI. EFFECT OF EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS - - VII. CASH AND CASH EQUIVALENTS, END OF PERIOD (IV till VI) 24 538 337 452 535 | 111
Page 1 and 2:
ANNUAL REPORT 2007 | 2008
Page 3 and 4:
KEY FIGURES LIMITED CONSOLIDATION 3
Page 5 and 6:
GIMV AT A GLANCE AN ACTIVE INVESTOR
Page 7 and 8:
Strong performance and expansion in
Page 9 and 10:
In 2007-2008 Gimv realised 10 new i
Page 11 and 12:
Structure | 08 Strategy | 09 Market
Page 13 and 14:
STRATEGY Gimv is an independent, li
Page 15 and 16:
Fundraising Provisional fi gures fr
Page 17 and 18:
35000 30000 25000 20000 15000 10000
Page 19 and 20:
(EUR 6.6 million), Gimv realised in
Page 21 and 22:
Business units Regions Corporate In
Page 23 and 24:
When, in the case of a potential sa
Page 25 and 26:
Gimv takes 86 percent holding WALL
Page 27 and 28:
Gimv accompanies growth through buy
Page 29 and 30:
GIMV OFFERS CREDIBILITY ALFACAM GRO
Page 31 and 32:
Joint venture of network and experi
Page 33 and 34:
Gimv majority shareholder in TerSta
Page 35 and 36:
HVEG - (LowLand Fashion) www.lowlan
Page 37 and 38:
Corporate Investment Germany (Halde
Page 39 and 40:
Gimv invests in world leader VAG DE
Page 41 and 42:
Corporate Investment’s ten larges
Page 43 and 44:
Overview of major shareholdings in
Page 45 and 46:
Oree develops revolutionary lightin
Page 47 and 48:
Liquavista www.liquavista.com Dutch
Page 49 and 50:
DIVESTMENTS Business Architects www
Page 51 and 52:
Overview of the Gimv ICT portfolio
Page 53 and 54:
Gimv continues to support sharehold
Page 55 and 56:
GIMV IS A REFERENCE IN THE BIOTECH
Page 57 and 58:
PamGene www.pamgene.com PamGene, a
Page 59 and 60:
Cleantech Last year Gimv took its f
Page 61 and 62:
INVESTMENTS Electrawinds www.electr
Page 63 and 64: Human resources | 60 Responsible co
Page 65 and 66: Policy-wise, Gimv is paying ever gr
Page 67 and 68: RESPONSIBLE CORPORATE BEHAVIOUR You
Page 69 and 70: Management | 66 Corporate Governanc
Page 71 and 72: Zeger Collier has had a varied care
Page 73 and 74: Eric Spiessens is a member of the e
Page 75 and 76: Paul De Ridder has been a member of
Page 77 and 78: 1.2 - Evolution of capital The capi
Page 79 and 80: “Prior to the Board of Directors
Page 81 and 82: Finally the audit committee analyse
Page 83 and 84: This includes: - joint fi xed remun
Page 85 and 86: - Rights and duties of shareholders
Page 87 and 88: 10.4 - Threshold for calling a shar
Page 89 and 90: Volume 16 000 000 14 000 000 12 000
Page 91 and 92: 6 - Dividend policy The Board of Di
Page 93 and 94: 9 - Financial calendar 22 May 2008
Page 95 and 96: DURING THE 2007-2008 FINANCIAL YEAR
Page 97 and 98: INTRODUCTION 1. GENERAL INFORMATION
Page 99 and 100: 2. CONSOLIDATED BALANCE SHEET (IN E
Page 101 and 102: Issued capital Sharepremium account
Page 103 and 104: 6. DIVIDENDS, INTEREST, MANAGEMENT
Page 105 and 106: Other operating income and expenses
Page 107 and 108: The distribution of cash and cash e
Page 109 and 110: STATUTORY CONSOLIDATION 1. CONSOLID
Page 111 and 112: 2. CONSOLIDATED BALANCE SHEET (IN E
Page 113: Attributable to shareholders of the
Page 117 and 118: 5.9 Property, plant and equipment P
Page 119 and 120: more appropriate or whether there i
Page 121 and 122: 6. IMPACT OF NEW OR AMENDED STANDAR
Page 123 and 124: 8. SUBSIDIARIES - CONTINUED Informa
Page 125 and 126: Assets NON-CURRENT ASSETS 31/03/08
Page 127 and 128: Buy-outs Infrastructure Overhead St
Page 129 and 130: Buy-outs Infrastructure Overhead St
Page 131 and 132: Unrealised gains and losses by acti
Page 133 and 134: 14. TAXES (IN EUR 000) 2007-2008 20
Page 135 and 136: 16. PAID AND PROPOSED DIVIDENDS The
Page 137 and 138: 17. GOODWILL EN ANDERE IMMATERIËLE
Page 139 and 140: 19. GOODWILL IMPAIRMENT The goodwil
Page 141 and 142: 22. INVENTORIES (IN EUR 000) Gimv a
Page 143 and 144: 26. PENSION LIABILITIES (IN EUR 000
Page 145 and 146: Restructuring provision Environment
Page 147 and 148: 29. RELATED PARTIES (IN EUR 000) Ye
Page 149 and 150: 30. FINANCIAL RISK MANAGEMENT See D
Page 151 and 152: 34. OFF-BALANCE SHEET OBLIGATIONS A
Page 153 and 154: Current liabilities rose by almost
Page 155 and 156: 37. CONNECTION BETWEEN LIMITED AND
Page 157 and 158: 1. BALANCE SHEET AFTER DISTRIBUTION
Page 159 and 160: GLOSSARY Blue chip: a company that
Page 161 and 162: Concept & design Concerto Photograp
show all

ANNUAL REPORT 2007 | 2008 - Gimv

Create successful ePaper yourself

Delete template?

Save as template?