Contents

4Financial position – resultsNotes to the consolidated financial statementsNotes to the consolidated financial statements99 Note 1 Significant events of the year100 Note 2 Summary of significant accounting policies108 Note 3 Measurement of impairment losses111 Note 4 Changes in scope of consolidation113 Note 5a Goodwill114 Note 5b Other intangible assets115 Note 6 Property, plant and equipment117 Note 7 Investments in associates117 Note 8 Financial assets118 Note 9 Inventories119 Note 10 Other assets120 Note 11 Cash and cash equivalents120 Note 12a Share capital120 Note 12b Stock options122 Note 12c Share award plans123 Note 12d Treasury shares123 Note 12e Cumulative translation adjustment123 Note 12f Dividends paid124 Note 13 Earnings per share124 Note 14 Non-controlling interests127 Note 16 Employee benefits131 Note 17 Debt134 Note 18 Financial instruments143 Note 19 Deferred taxes146 Note 20 Other liabilities147 Note 21 Other operating income147 Note 22 Personnel expenses147 Note 23 Remuneration paid to corporate officers148 Note 24 Other operating income and expenses149 Note 25 Net financial income (loss)149 Note 26 Foreign exchange gains and losses150 Note 27 Income tax benefit (expense)151 Note 28 Analysis of consolidated cash flows152 Note 29 Segment information154 Note 30 Related-party transactions155 Note 31 Off-balance sheet commitments157 Note 32 Headcount158 Note 33 Subsequent events158 Note 34 Statutory Auditors’ fees159 Note 35 Scope of consolidation125 Note 15 Provisions98 | Sequana | 2012 Document de référence (English version)