Financial Statements - Solvay
Financial Statements - Solvay
Financial Statements - Solvay
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Information per primary segment for 2008 is presented below:<br />
2008 EUR Million<br />
Income statement items<br />
Pharmaceuticals Chemicals Plastics Corporate<br />
& Business<br />
Support<br />
Consolidated<br />
Sales 2 699 3 254 3 929 0 9 881<br />
- Inter-segment sales1 0 -157 -234 0 -391<br />
External sales 2 699 3 096 3 695 0 9 490<br />
Gross margin 1 944 504 661 0 3 109<br />
REBIT 509 238 264 -46 965<br />
Non-recurring items -49 23 -5 51 20<br />
EBIT 460 261 259 5 985<br />
Pharmaceuticals Chemicals Plastics Corporate Total from<br />
& Business continuing<br />
Cash fl ow items<br />
Support operations<br />
EBIT 460 261 259 5 985<br />
Recurrent depreciation and amortization 108 160 194 9 471<br />
Impairments 13 -75 7 0 -54<br />
Changes in provisions<br />
and other non-cash items<br />
-24 -47 -32 -76 -179<br />
Changes in working capital 115 147 78 17 356<br />
Cash fl ow from operating activities before taxes 673 445 506 -45 1 579<br />
Capital expenditures 506 410 393 11 1 320<br />
Balance sheet and other items<br />
Pharmaceuticals Chemicals Plastics Corporate<br />
& Business<br />
Support<br />
Consolidated<br />
Investments2 2 661 2 165 2 109 89 7 024<br />
Working capital3 99 471 546 -64 1 053<br />
Provisions 286 771 291 803 2 151<br />
Headcount at Jan. 1 of following year 9 660 8 966 8 816 1 991 29 433<br />
1 Inter-segment transfer prices are based on market prices.<br />
2 Non-current assets with the exception of deferred tax assets and other long-term receivables.<br />
3 Short-term assets and liabilities and other non-current assets and liabilities, with the exception of dividends payable.<br />
In 2008, the Group has no discontinued operations as defi ned by IFRS 5.<br />
<strong>Financial</strong><br />
71<br />
<strong>Solvay</strong> Global Annual Report 2008<br />
<strong>Financial</strong>