financial report and registration document 2011 - Groupe SEB

(in € millions)
Expenses
Financial Report and Registration Document 2011
Capital
expenditure Total Expenses
5
Consolidated fi nancial statements
Notes to the consolidated fi nancial statements
2011 2010 2009
Capital
expenditure Total Expenses
Capital
expenditure Total
Ambient air quality
Waste water management and
0.5 1.0 1.5 0.3 0.1 0.4 0.3 0.2 0.5
water saving systems 1.3 0.1 1.4 1.0 0.4 1.4 0.9 0.4 1.3
Waste management
Soil protection and
1.6 1.6 1.6 1.6 1.5 1.5
decontamination
Other environmental protection
0.1 0.4 0.5 0.1 0.3 0.4 0.1 0.1 0.2
measures 0.9 0.3 1.2 0.7 0.2 0.9 0.9 0.1 1.0
TOTAL 4.4 1.8 6.2 3.7 1.0 4.7 3.7 0.8 4.5
A €0.5 million provision for environmental risks was recognised in 2011 at the time of the Imusa acquisition for a risk existing prior to the acquisition date.
The estimation of the amount concerned was in the process of being fi nalised at the year-end.
No provisions for environmental risks were recognised in the balance sheet at either 31 December 2010 or 2009.
NOTE 28 OFF-BALANCE SHEET COMMITMENTS
Note 28.1. SPECIFIC COMMITMENTS
Specifi c commitments are discussed in the following notes:
� note 22: Employee benefi ts;
� note 24: Borrowings;
� note 25: Fair value of fi nancial instruments.
Note 28.2. COMMITMENTS ARISING IN THE ORDINARY COURSE OF BUSINESS
COMMITMENTS RELATED TO OPERATING ACTIVITIES
(in € millions) 2011 2010 2009
Firm orders for property, plant and equipment 16.2 14.8 16.3
Guarantees and bonds given 11.2 2.9 2.7
Commitments under non-cancellable operating leases 127.2 115.1 89.4
Miscellaneous fi nancial commitments 5.3 1.2 1.3
TOTAL COMMITMENTS GIVEN 159.9 134.0 109.7
Guarantees received for trade receivables under credit insurance policies 659.5 544.7 442.8
Miscellaneous fi nancial commitments 0.1 1.2 1.3
TOTAL COMMITMENTS RECEIVED 659.6 545.9 444.1
It is not the Group’s policy to sell receivables to factoring companies or banks.
GROUPE SEB
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