2006 - Interparfums

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STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY Number Capital Paid-in Retained Total In € thousands of shares stock capital earnings equity & net income As of December 31, 2004 (1) 8,708,085 26,181 0 56,484 82,665 Bonus issue 875,888 2,628 (229) (2 399) - Shares issued on exercise of stock options 131,685 395 1,475 - 1,870 2005 net income - - - 16 295 16,295 2004 dividend paid in 2005 - - - (3 222) (3,222) Treasury shares 11,457 - - 327 327 Stock based compensation - - - 241 241 Remeasurement of financial instruments at fair value - - - (127) (127) As of December 31, 2005 (1) 9,727,115 29,204 1,246 67,599 98,049 Bonus issue 976,942 2,931 (1,456) (1,475) - Shares issued on exercise of stock options 169,479 508 1,755 - 2,263 2006 net income - - - 18,694 18,694 2005 dividend paid in 2006 - - - (3,606) (3,606) Treasury shares (956) - - (51) (51) Stock based compensation - - - 380 380 Remeasurement of financial instruments at fair value - - - 66 66 As of December 31, 2006 (1) 10,872,580 32,643 1,545 81,607 115,795 (1) Excluding treasury shares. 2006 annual report inter parfums consolidated financial statements according to IFRS
STATEMENT OF CASH FLOWS In € thousands 2005 2006 Cash flows from operating activities Net income 16,136 18,505 Depreciation, amortization and other 5,423 3,618 Changes in deferred taxes (820) 616 Capital (gains) losses on fixed asset disposals (97) (12) Net finance costs 497 (211) Tax charge of the period 9,816 10,241 Operating cash flows 30,955 32,757 Interest expense (462) (1,057) Tax payments (10,220) (10,510) Cash flow after interest expense and tax 20,273 21,190 Change in inventories and work in progress 5,802 (8,212) Change in trade receivables and related accounts (13,813) (15,564) Change in other receivables (1,808) (776) Change in trade payables and related accounts 11,413 10,159 Change in other current liabilities 2,757 11,931 Change in working capital needs 4,351 (2,462) Net cash provided by (used in) operating activities 24,624 18,728 Cash flows from investing activities Acquisition of intangible assets (470) (3,999) Acquisition of property, plants and equipment (1,666) (1,398) Changes in the scope of consolidation - - Changes in investments and other non-current assets 219 63 Sales of fixed assets - 900 Net cash flows provided by (used in) investing activities (1,917) (4,434) Cash flows from financing activities Issuance of borrowings and new financial debt - - Debt repayments (3,200) (3,200) Dividends paid (3,222) (3,606) Capital increases 1,870 2,265 Treasury shares 378 (71) Net cash flows from financing activities (4,174) (4,612) Change in net cash 18,533 9,682 Cash and cash equivalents - beginning of year 15,857 34,390 Cash and cash equivalents - end of year 34,390 44,072 The reconciliation of net cash breaks down as follows: In € thousands 12/31/05 12/31/06 Marketable securities 34,885 43,667 Cash and cash equivalents 372 558 Short-term bank loans (867) (153) Net cash at the end of the period 34,390 44,072 65
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51.7 non- current assets 127.5 curr
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Page 15 and 16: Fiscal 2006 represented another maj
Page 17 and 18: P H Y A portfolio of prestigious in
Page 19: The creation and marketing of each
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Page 26 and 27: Éclat d’Arpège 2002 2006 annual
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Page 36 and 37: 2006 was a banner year for Burberry
Page 38 and 39: international markets accounting fo
Page 40 and 41: T H E M A R K E T new growthin thes
Page 42 and 43: sustainable development social resp
Page 44 and 45: OPERATING ORGANIZATION AT MARCH 1,
Page 47 and 48: team spirit, motivation and commitm
Page 49 and 50: to hedge its exposure from operatio
Page 51 and 52: 1. corporate governance Inter Parfu
Page 53 and 54: 2. management committee Mission The
Page 55 and 56: The system of monthly reporting imp
Page 57 and 58: control to obtain a description of
Page 59 and 60: Directors’ fees Directors fees ar
Page 61 and 62: 2. Information on options granted t
Page 63 and 64: CONSOLIDATED INCOME STATEMENT In
Page 65: Shareholders’ equity and liabilit
Page 69 and 70: 1. accounting principles 1.1 Genera
Page 71 and 72: At the end of every year, these sta
Page 73 and 74: 3. notes to the balance sheet 3.1 T
Page 75 and 76: 3.7 Marketable securities and fixed
Page 77 and 78: 3.12 Deferred tax Deferred taxes ar
Page 79 and 80: 4.4 Administrative expenses In €
Page 82 and 83: shareholder information statutory I
Page 84 and 85: 2. capital stock 1. Three-year hist
Page 86 and 87: 3. resolutions submitted to the com
Page 88 and 89: The purpose of this authorization i
Page 90 and 91: - charge all costs to paid-in capit
Page 92: completion of the capital reduction
Page 95 and 96: 1. Auditors The statutory auditors
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2006 - Interparfums

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