Financial Statements - Solvay

(32) Assets held for sale and liabilities associated with assets held for sale
At the end of 2008 precipitated calcium carbonate activities, which are part of the Chemicals Sector, have been separately
classifi ed (see details in the table below) in the consolidated balance sheet under “assets held for sale” (EUR 61 million)
and “liabilities associated with assets held for sale” (EUR 14 million). A sale is expected to take place in 2009.
EUR Million
ASSETS
2008
Non-current assets 47
Intangible assets 1
Goodwill 4
Tangible assets 40
Deferred tax assets 2
Current assets 14
Inventories 13
Income tax receivables 1
Total assets 61
LIABILITIES
Non-current liabilities 6
Deferred tax liabilities 5
Long-term fi nancial debt 1
Current liabilities 8
Trade liabilities 6
Other current liabilities 2
Total liabilities 14
(33) Commitments to acquire tangible and intangible assets
EUR Million 2007 2008
Commitments for the acquisition of tangible and intangible assets 94 102
of which: Joint ventures 19 14
The increase refl ects the nearing completion of major new investment projects.
(34) Contingent liabilities
EUR Million 2007 2008
Liabilities and commitments of third parties guaranteed by the company 271 318
Additional milestones for Fournier 190 70
Litigation and other major commitments 17 15
The liabilities and commitments of third parties guaranteed by the company relate mainly to VAT payment guarantees
that have been issued.
Financial
105
Solvay Global Annual Report 2008
Financial