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General Glossary 154 Solvay Global Annual Report 2007 ABAF: Belgian Financial Analysts Association (Association Belge des Analystes Financiers) ADR: American Depositary Receipt BAT: Best Available Technologies ILO: International Labour Organization BSC: Business Support Centre BOPP: Bioriented Polypropylene CC: Competence Centre Central Europe: Hungary, Poland, Czech Republic, Romania, Slovakia, Germany, Austria, Slovenia CEP: Certificate of suitability confirming compliance with the European Pharmacopoeia CIS: Community of Independent States consisting of Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldavia, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan COPE: Center for Organics Photonics and Electronics Eastern Europe: Belarus, Estonia, Latvia, Lithuania, Moldavia Romania, Russia, Ukraine, EDC: Dichloroethane EDS: Electrochemistry and Derivatives EMEA: European Medicines Evaluation Agency ERP: Enterprise Resource Planning Europe-27: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom FDA: Food and Drug Administration Flex-fuel: Mixed petrol/alcohol fuel system HR: Human Resources HSE: Health Safety and Environment IPCC: Intergovernmental Panel on Climate Change Kt: Kilotonne LCD: Liquid Cristal Display) MEA: Membrane Electrode Assembly Mercosur: South American Common Market (Republics of Argentina, Brazil, Paraguay and Uruguay) NAFTA: North American Free Trade Agreement (Canada, United States, Mexico) NaOH: Caustic soda (sodium hydroxide) NBD: New Business Development NGO: Non-governmental organization OLED: Organic Light Emitting Diodes PAA: Peracetic acid PAP: Patient Assistance Program PEEK: Polyether-ether-ketone PET: Polyester PFPE: Perfluoropolyethers PPSU: Polyethersulfone PTFE: Polytetrafluoroethylene PVC: Polyvinyl chloride PVDC: Polyvinylidene chloride PVDF: Polyvinylidene fluoride R&D: Research and Development REACh: Registration, Evaluation and Authorization of Chemicals RESQS: Regulatory Affairs, External Affairs, Safety and Quality Strategies RFID: Radio- Frequency Identification SAP: Systems, Applications and Products for data processing SAP: Solvay Advanced Polymers SBU: Strategic Business Unit SEP: Solvay Engineered Polymers SSOM: Solvay Stock Option Management The Lancet: A British medical journal TFT: Thin Film Transistors TSBM: Twin-Sheet Blow-Molding. Fuel systems manufacturing systems which combines the advantages of blow molding with that of thermoforming VCM: Vinyl chloride monomer Western Europe: Germany, Andorra, Austria, Belgium, Denmark, Spain, Finland, France, Greece, Ireland, Iceland, Italy, Liechtenstein, Luxembourg, Malta, Norway, Netherlands, Portugal, United Kingdom, San Marino, Switzerland, Sweden, Vatican WHO: World Health Organization
ABAF: Belgian Financial Analysts Association (Association Belge des Analystes Financiers) Cash flow: Net income plus total depreciation, amortization, impairments and other write-downs Corporate & Business Support: Non-allocated items, after larger direct allocations from 2007 onwards Dividend yield (net): Net dividend divided by the closing share price on 31 December Dividend yield (gross): Gross dividend divided by the closing share price on 31 December Earnings per share: Net income (Solvay’s share) divided by the weighted average number of shares, after deducting own shares purchased to cover stock option programs Earnings per share (excluding discontinued operations): As earnings per share but excluding discontinued operations from the net income figure (Solvay’s share) Earnings per share (diluted): Net income (Solvay’s share) divided by the weighted average number of shares, after deducting treasury shares purchased to cover stock option programs, and adding back other potential sources of dilution (outstanding options, etc) Earnings per share (diluted, excluding discontinued operations): As diluted earnings per share, but excluding discontinued operations from net income (Solvay share) EBIT: Earnings before interests and taxes Equity (per share): Equity divided by the average number of shares for calculating IFRS results. The same denominator is used in calculating cash flow and REBITDA per share IFRS: International Financial Reporting Standards REBIT: Operating result, ie EBIT before non-recurrent items REBITDA: REBIT, before depreciation and amortization ROE: Return on equity Velocity: Total number of shares traded during the year divided by the total number of listed shares, using the Euronext definition Velocity adjusted by free float: Velocity adjusted as a function of the percentage of the listed shares held by the public, using the Euronext definition Financial Glossary 155 Solvay Global Annual Report 2007
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Ready for tomorrow Growth, Competit
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Key figures - Solvay Group Financia
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February Perfluoropolyether Solvay
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Strategy of sustainable and profita
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Solvay is an independent, ethical a
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Resources area, beginning with the
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Chemicals Sales: EUR 3.0 billion -
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Record operating result for Solvay
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EUR million 2006 2007 2007/2006 Gro
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Capital expenditures and Research a
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Current profit before taxes amounte
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Joachim Adam Scientific expert Phar
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Products Our present offering inclu
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Gerda Greeve Microbiological analys
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Suzanne Hattink Microbiological ana
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Wolgang Kalbe Technical Expert Adri
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Research and Development pipeline P
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On the path of growth Paolo Bartoli
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Energy All our extension projects i
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expansions were successfully brough
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New Calcium Chloride production pla
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The “Organic” cluster: Molecula
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Jean-Jacques Lootens Coating operat
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PVC In a context of high oil prices
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SOLVERA ® and FLUORLINK ® brand n
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Despite considerable capacity incre
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How do the Plastics Sector’s acti
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New Business Development Thierry De
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organized in November 2007 - each d
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Since 2004, Solvay has been working
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The most important development in t
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The new river port at the Rheinberg
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During the June 2006 strategic revi
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They are also the “architects”
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Financial Statements The following
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Goodwill EUR Million Notes 2006 200
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Fair value differences These record
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• IFRIC 14 IAS 19 The Limit on a
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• the assets will generate future
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Notes to the financial statements T
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(2) Financial data by region Group
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The EUR 123 million of asset impair
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(12b) Deferred taxes on the balance
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(19) Acquisition / sale of assets a
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The 3-year vesting period is follow
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(23) Goodwill EUR Million Total Gro
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Finance leases EUR Million Land and
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The table below shows the evolution
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The amounts recorded in the balance
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Actuarial assumptions used in deter
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The amount of the provisions reflec
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Cash and cash equivalents Cash and
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Managing the transactional exchange
Page 107 and 108: Financial instruments IAS 39 define
Page 109 and 110: (32) Contingent liabilities EUR Mil
Page 111 and 112: 1. Market & Growth - Strategic Risk
Page 113 and 114: To manage legal risk Solvay maintai
Page 115 and 116: • Product Development Risk is Sol
Page 117 and 118: 2007 Consolidation Scope The Group
Page 119 and 120: List of fully consolidated Group co
Page 121 and 122: Solvay Healthcare Ltd, Southampton
Page 123 and 124: List of proportionately consolidate
Page 125 and 126: ARGENTINA Inergy Automotive Systems
Page 127 and 128: Income statement of Solvay S.A. (su
Page 129 and 130: Additional comment The preparation
Page 131 and 132: Report on the application of the Co
Page 133 and 134: Introduction This report presents t
Page 135 and 136: June 2005 for a three-year period b
Page 137 and 138: certainty the shareholders authoriz
Page 139 and 140: Year of birth Year of 1st appointme
Page 141 and 142: which could potentially affect the
Page 143 and 144: attendance fees for participating i
Page 145 and 146: They are not signed, but the Chairm
Page 147 and 148: enewal of their terms of office, on
Page 149 and 150: The Solvay share compared with the
Page 151 and 152: ANNEXE 2 COMPENSATION POLICY FOR GE
Page 153 and 154: “ … I have always sought to ser
Page 155 and 156: 1. Mr. Aloïs Michielsen (B) 2 0 0
Page 157: Executive Committee and General Man
Page 161 and 162: Shareholders’ Diary - Tuesday May
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+1 - Solvay

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