A player in sustainable development - Dalkia

CONSOLIDATED FINANCIAL STATEMENTS
Consolidated balance sheet
Assets
Consolidated balance sheet: Assets (in millions of euros) 12/31/2007 12/31/2006 12/31/2005
Goodwill 6,913.2 5,705.0 4,752.3
Intangible assets linked to concessions 2,989.2 2,345.6 2,091.8
Other intangible assets 1,706.4 1,379.8 1,281.4
Tangible assets 9,203.2 7,918.7 6,885.7
Investments accounted for using the equity method 292.1 241.0 201.5
Non-consolidated investments 256.1 181.7 209.5
Long-term operating fi nancial assets 5,272.4 5,133.4 5,337.4
Derivative instruments – Assets 123.7 201.6 249.0
A – Of which revaluation of treasury instruments – 28.8 161.1
Other long-term fi nancial assets 746.0 637.5 691.6
Deferred tax – Asset 1,468.1 1,355.7 1,134.7
Non-current assets 28,970.4 25,100.0 22,834.9
Inventories and work in progress 839.4 731.8 635.2
Accounts receivable 12,459.4 10,968.7 10,083.3
Short-term operating fi nancial assets 355.2 326.2 208.0
Other short-term fi nancial receivables 330.0 205.3 221.2
Marketable securities – 66.4 60.7
Short-term derivative instruments – Assets 114.4 – –
B – Cash and cash equivalents 3,115.6 2,658.0 2,336.1
Current assets 17,214.0 14,956.4 13,544.5
Assets held for sale 122.5 67.3 1.6
Total assets 46,306.9 40,123.7 36,381.0
Net fi nancial debt = C + D + E + F – A – B
Given the evolution of the company, certain line item details in the balance sheet have been modifi ed to allow for a more pertinent analysis of the accounts and one
that is consistent with the evolution of the accounting standards in the past years. These modifi cations do not impact the shareholders’ equity or net income of the company.
The Notes to the Consolidated Financial Statements (available in French in the 2007 AMF registration document, or document de référence, and in English in the 2007
Form 20-F annual report) form an integral part of the Consolidated Financial Statements.
72 2007 ANNUAL REPORT VEOLIA ENVIRONNEMENT