2006 - Interparfums

3.2
Goodwill
The acquisition of 67.57% of Nickel SA was finalized on April 1, 2004 for a total price of €6.9 million, including a cash infusion
of €2.3 million in June 2004.
At December 31, 2006, the allocation of the cost price including agreements with minority interests (cf. 1.9) broke down
as follows (In € thousands):
Acquisition cost 6,910
Current assets (5,755)
Property, plant, equipment (187)
Trademarks and other intangible assets (2,194)
Other fixed assets (116)
Trade payables 2,468
Fair value of acquired assets and liabilities (5,784)
Minority interests 1,876
Goodwill 3,002
Present value of future commitments to buyout minority interests 2,200
Total goodwill 5,202
3.3
Property, plant and equipment
In € thousands 12/31/05 + - 12/31/06
Fixtures, improvements, fittings 1,947 670 (42) 2,575
Office and computer equipment and furniture 1,374 70 (111) 1,333
Molds for caps 3,668 673 - 4,341
Other 35 331 - 366
Total cost 7,024 1,744 (153) 8,615
Accumulated depreciation (1) (3,862) (1,218) 153 (4,927)
Total net 3,162 526 - 3,688
(1) including fixed assets held under finance leases (vehicles) for a gross amount of €193,000 and depreciation expenses of €20,000.
3.4
Inventories and work in progress
In € thousands 12/31/05 12/31/06
Raw materials and components 15,713 16,769
Finished goods 20,331 27,487
Total cost 36,044 44,256
Allowance for raw materials (1,199) (2,064)
Allowance for finished goods (2,727) (2,857)
Total provisions (3,926) (4,921)
Total net 32,118 39,335
3.5
Trade receivables and related accounts
In € thousands 12/31/05 12/31/06
Total cost 67,940 83,510
Provisions (1,504) (1,373)
Total net 66,436 82,137
3.6
Other receivables
In € thousands 12/31/05 12/31/06
Accruals 3,209 3,831
Company current accounts 28 64
Value-added tax 1,281 1,246
Other 704 857
Total 5,222 5,998
2006 annual report inter parfums
notes to the consolidated financial statements