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CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 2011 VS. PRIOR YEAR,
BEFORE APPROPRIATION OF EARNINGS
ASSETS
(In thousands of euros) December 2011 December 2010
Non current assets
Goodwill 387,897 389,187
Other intangible assets 303,096 305,623
Property, plant and equipment 529,868 539,988
Assets available for sale 53,150 51,884
Other fi nancial assets 1,279 3,975
Loans and advances 9,224 7,178
Trade and other receivables 74 79
Deferred tax assets 11,215 11,128
Total 1,295,803 1,309,042
Current assets
Inventories and work-in-progress 243,525 223,923
Trade and other receivables 436,402 410,255
Other fi nancial assets 1,094 498
Loans and advances 351 290
Current tax assets 18,079 33,723
Cash and cash equivalents 141,408 139,939
Total 840,859 808,628
TOTAL ASSET 2,136,662 2,117,670
EQUITY AND LIABILITIES
(In thousands of euros)
December 2011 December 2010
Share capital 10,308 10,308
Additional paid-in capital 21,967 21,967
Reserves 1,002,392 958,203
Treasury shares (6,182) (7,390)
EQUITY - Group share 1,028,485 983,088
Minority interest 15,681 25,596
Equity 1,044,166 1,008,684
Non current liabilities
Provisions 9,463 10,577
Employee benefi ts 41,269 38,789
Deferred tax liabilities 156,645 151,546
Liabilities related to assets held under fi nance lease - over one year 1,068 1 ,180
Long-term borrowings and fi nancial liabilities 256,580 323,142
Other liabilities 32,404 36,344
Total 497,429 561,578
Current liabilities
Provisions 14,913 17,520
Employee benefi ts 2,350 2,264
Liabilities related to assets held under fi nance lease - less than one year 365 0
Short-term borrowings and fi nancial liabilities 68,904 49,754
Other fi nancial liabilities 30,618 12,320
Trade payables and other liabilities 455,199 421,696
Due tax liabilities 13,881 37,765
Current bank facilities and other borrowings 8,837 6,089
Total 595,067 547,409
TOTAL EQUITY AND LIABILITIES 2,136,662 2,117,670
Bel Group 2011 • 63