ANNUAL REPORT 2007 | 2008 - Gimv

Assets
NON-CURRENT ASSETS
31/03/08 31/03/07
Goodwill and other intangible assets 27 672 11 385
Property, plant and equipment 3 175 28 791
Other fi nancial assets 572 206
Deferred tax assets 70 5 435
Trade and other receivables - -
Other non-current assets - 26
CURRENT ASSETS
Inventories 26 713 19 558
Trade and other receivables 20 998 23 537
Income tax receivables - -
Cash and cash equivalents 1 763 380
Other current assets - -
Total assets 80 963 89 317
Liabilities
NON-CURRENT LIABILITIES
31/03/08 31/03/07
Provisions 748 -
Post-employment benefi t obligations 374 12 436
Deferred tax liabilities 664 7 800
Financial liabilities 23 957 30 778
Trade and other payables - -
Other non-current liabilities - 5 829
CURRENT LIABILITIES
Financial liabilities 11 963 7 540
Trade and other payables 11 749 16 584
Interest-bearing loans and borrowings - -
Income tax payables 2 846 -
Provisions - -
Other current liabilities 11 067 -
Total liabilities 63 368 80 967
Net available assets 17 594 8 351
11. SEGMENT INFORMATION (IN EUR 000)
Gimv applies in the fi rst instance an activities-based segmentation,
in line with its internal management reporting. The segments
correspond to the various activities as indicated below.
Within the Corporate Investment segment (buy-outs), Gimv has
four business units in Belgium, the Netherlands, Germany and
France. The ICT, Life Sciences and Cleantech business units
together form the Venture Capital segment. Through the DG
Infra+ fund Gimv invests also in infrastructure and real estate
projects.
In the statutory consolidation Gimv is required to fully consolidate
a number of subsidiaries in which the group holds majority
interests: De Groot Investments BV, Interbrush NV, Grandeco
Wallfashion Group NV, Verlihold NV, HVEG Investments BV
(formerly LowLand Fashion), Operator Group Delft BV, Numac
Investments BV and TerStal Investments BV. These activities
have been placed together in the Buy-outs segment. Gimv
group wishes to clearly state that the risk attached to these
buy-outs is limited to the amount of the group’s investment in
the company in question.
The second segmentation is undertaken on a geographic basis.
Each investment has a specifi c nationality, depending on the
region invested in.
The Corporate Investment segment concentrates on providing
growth capital and on fi nancing management buy-out/buy-in fi -
nancings (MBO/MBI). The Venture Capital segment focuses on
investments in the ICT, biotechnology and cleantech sectors.
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