2006 - Interparfums

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3. resolutions submitted to the combined shareholders meeting of April 20, 2007 Ordinary resolutions FIRST RESOLUTION Approval of the parent company financial statements for the period endend December 31, 2006 The shareholders, in accordance with the conditions of quorum and majority that apply at ordinary general meetings, after reviewing the report of the Board of Directors, including the Chairman's report provided for under article 225-37 of the French Commercial Code, and the Auditors' report on the financial statements for the period ended December 31, 2006, approve the annual financial statements, as presented showing a net income of €18,395,672. They also approve the transactions described in the accounts and summarized in these reports. The shareholders further approve disallowed deductions (article 39-4 of the French General Tax Code) of €14,896. The shareholders consequently grant discharge to all directors for their management for the period ended December 31, 2006. SECOND RESOLUTION Approval of the consolidated financial statements for the period ended December 31, 2006 The shareholders, in accordance with the conditions of quorum and majority that apply at ordinary general meetings, after reviewing the report of the Board of Directors on the management of the Group and the Auditors' report on the consolidated financial statements, approve these financial statements for the period ended as presented showing an IFRS net income of €18,694,000. They also approve the transactions described in the accounts and summarized in these reports. THIRD RESOLUTION Approval of net income and the distribution of the dividend The shareholders, approving the proposal of the Board of Directors, decide to appropriate the net income of €18,395,672.00 as follows: Net income of the period €18,395,672.00 Appropriation to the legal reserve €919,784.00 Retained earnings €13,344,308.00 Dividend €4,131,580.00 Total appropriation €18,395,672.00 All qualifying shares of the company will receive a dividend of €0.38. 2006 annual report inter parfums shareholder information
The shareholders duly note that all dividends distributed to qualifying individual shareholders confer a right to a tax credit of 40% in accordance with article 158.3.2 of the French general tax code. The dividend payment will begin on April 30th, 2007. If on the date of payment the company holds treasury shares, the amount corresponding to dividends not distributed for said shares will be allocated to retained earnings. As required by law the shareholders duly note that dividends for the last three periods including the corresponding tax credits were as follows: Year Number Dividend Tax credit Qualifyiong for Total of shares (avoir fiscal) the tax allowance distribution 2005 (3) 9,734,659 €0.37 €0 Yes €0. 37 2004 (2) 8,727,086 €0.37 €0 Yes €0.37 2003 (1) 4,272,198 €0.60 €0.30 No €0.90 (1) Not restated to take into account successive bonus issues in 2003 and 2004. (2) Dividends distributed in 2005 qualifying for the 50% tax allowance under 158.3.2 of the French General tax code following the cancellation of the tax credit (avoir fiscal) in 2005. (3) Dividends distributed in 2006 qualifying for the 40% tax allowance under 158.3.2 of the French General tax code following the cancellation of the tax credit (avoir fiscal) in 2005. FOURTH RESOLUTION Reading of the auditors’ special report on regulated agreements under article L 225-38 et seq. of the french commercial code The shareholders, in accordance with the conditions of quorum and majority that apply at ordinary general meetings and after reviewing the Auditors' special report on related-party agreements governed by articles L. 225-38 et seq. of the French Commercial Code, approve each of these agreements. FIFTH RESOLUTION Setting of directors’ fees The shareholders, in accordance with the conditions of quorum and majority that apply at ordinary general meetings, set annual directors fees for the year in progress at €60,000 and grant full power to the Board of Directors to determine the criteria for allocating these fees among board members within the limit of this amount. SIXTH RESOLUTION Renewal of the appointment of the firm Mazars & Guerard as statutory auditors The shareholders, in accordance with the conditions of quorum and majority applicable to ordinary general meetings and noting that the appointment of the accounting firm Mazars & Guerard (61, rue Henri Regnault, 92400 Courbevoie) expires at the end of this meeting, resolve to renew their appointment for six financial years, i.e. until the close of the general meeting called to approve the financial statements for the period ending December 31, 2012. SEVENTH RESOLUTION Renewal of the appointment of the firm Sfeco & Fiducia audit as statutory auditors The shareholders, in accordance with the conditions of quorum and majority applicable to ordinary general meetings and noting that the appointment of the accounting firm Sfeco & Fiducia audit (50, rue de Picpus – 75012 Paris) expires at the end of this meeting, resolve to renew their appointment for six financial years, i.e. until the close of the general meeting called to approve the financial statements for the period ending December 31, 2012. EIGHTH RESOLUTION Renewal of the appointment of Mr. Guillaume Potel as substitute auditor The shareholders, in accordance with the conditions of quorum and majority applicable to ordinary general meetings and noting that the appointment of Mr. Guillaume Potel (61, rue Henri Regnault, 92400 Courbevoie) expires at the end of this meeting, resolve to renew his appointment for six financial years, i.e. until the close of the general meeting called to approve the financial statements for the period ending December 31, 2012. NINTH RESOLUTION Renewal of the appointment of Mr. Serge Azan as substitute auditor The shareholders, in accordance with the conditions of quorum and majority applicable to ordinary general meetings and noting that the appointment of Mr. Serge Azan (16, rue Daubigny – 75017 Paris) expires at the end of this meeting, resolve to renew his appointment for six financial years, i.e. until the close of the general meeting called to approve the financial statements for the period ending December 31, 2012. TENTH RESOLUTION Renewal of the authorization for the company to purchase and sell its own chares on the market The shareholders, in accordance with the conditions of quorum and majority that apply at ordinary meetings and after reviewing the report of the Board of Directors and in accordance with the provisions of article L 225-209 of the French Commercial Code et seq., grant the Board of Directors the authority, which it may further delegate, to acquire shares of the company, according to the terms and conditions set forth below. 85
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P H Y A portfolio of prestigious in
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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 and 66: Shareholders’ equity and liabilit
Page 67 and 68: STATEMENT OF CASH FLOWS In € thou
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 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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