Financial Statements - Solvay

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84 Solvay Global Annual Report 2008 The value of the option is based on: – the price of the underlying asset (Solvay share): EUR 53.05 at December 31, 2008, – the time outstanding until the option maturity: exercisable from February 15, 2012, – the option exercise price: EUR 58.81, – the risk-free return: 3.32 %, – the volatility of the underlying yield: 42.53 %.
Consolidated balance sheet (22) Intangible assets EUR Million Development costs Patents and trademarks Other intangible assets Gross carrying amount At 31 December 2006 70 931 111 1 112 Capital expenditures 14 4 3 21 Disposals -2 -2 -4 -8 Changes in consolidation scope 0 9 0 10 Currency translation differences -3 -16 -8 -28 Other 0 -61 75 14 At 31 December 2007 79 864 178 1 121 Capital expenditures 14 76 3 93 Disposals -3 -3 -9 -14 Changes in consolidation scope 0 58 1 59 Currency translation differences 1 -8 2 -6 Transfer to assets held for sale -3 0 0 -3 Other 4 15 -34 -16 At 31 December 2008 Accumulated amortization 93 1 000 141 1 234 At 31 December 2006 -39 -278 -74 -391 Recurring depreciation -8 -46 -5 -59 Impairments 0 -22 -3 -25 Reversal of impairments 0 0 0 0 Disposals and closures 1 2 4 7 Changes in consolidation scope 0 0 0 0 Currency translation differences 2 6 6 13 Other 0 37 -41 -4 At 31 December 2007 -44 -301 -114 -459 Recurring depreciation -6 -58 -8 -72 Impairments 0 -7 0 -7 Reversal of impairments 0 20 0 20 Disposals and closures 2 3 8 13 Changes in consolidation scope 0 -22 -1 -23 Currency translation differences -1 0 0 -1 Transfer to assets held for sale 2 0 0 2 Other -3 5 18 20 At 31 December 2008 Net carrying amount -50 -359 -98 -507 At 31 December 2006 31 653 37 721 At 31 December 2007 35 563 64 662 At 31 December 2008 42 641 43 726 Total Financial 85 Solvay Global Annual Report 2008 Financial
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Managing Challenges Solvay Global A
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Key fi gures - Solvay Group Financi
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February 1 Caprolactones Solvay con
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Apart from increasing our competiti
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and optional overtime and taking of
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... and Long-Term Value Creation Th
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and using it without limits, the pi
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Chemicals Sales: EUR 3.1 billion -
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2008 : operating result down 19% on
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EUR million 2007 2008 2008/2007 GRO
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Balance sheet Total Equity stood at
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Current profi t before taxes amount
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Robot in Weesp. This 384 wells plat
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Key fi gures [EUR million] 2006 200
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Flagship Products in 2008 Therapeut
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Sales of less important products In
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Sodium bicarbonate. Sodium bicarbon
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Key fi gures [EUR million] 2006 200
Page 37 and 38: natural resources and limit waste d
Page 39 and 40: The Organic cluster: Molecular Solu
Page 41 and 42: Solvay specialty polymers The outst
Page 43 and 44: Key fi gures [EUR million] 2006 200
Page 45 and 46: Technological leadership through Re
Page 47 and 48: production capacities have been inc
Page 49 and 50: New Business Development OLED. Orga
Page 51 and 52: future) reacts with atmospheric oxy
Page 53 and 54: Increasing cultural diversity. Solv
Page 55 and 56: New career management process In 20
Page 57 and 58: The 5x5 Matrix The 5x5 Matrix is th
Page 59 and 60: Investors: responding to growing in
Page 61 and 62: Financial Statements The following
Page 63 and 64: Consolidated balance sheet EUR Mill
Page 65 and 66: Minority interests The increase in
Page 67 and 68: • IFRIC 15 Agreements for the con
Page 69 and 70: 9. Research and Development costs R
Page 71 and 72: Key assumptions & key sources of es
Page 73 and 74: General description of the segments
Page 75 and 76: Information per primary segment for
Page 77 and 78: For the Pharmaceuticals Sector, whi
Page 79 and 80: - Current tax represents the tax pa
Page 81 and 82: Other information All the Group’s
Page 83 and 84: The acquisitions in 2008 consist ma
Page 85 and 86: Alexandria Sodium Carbonate On 17 O
Page 87: (20) Capital increase / redemption
Page 91 and 92: (24) Tangible assets (including fi
Page 93 and 94: (26) Other investments EUR million
Page 95 and 96: (29) Provisions EUR Million Employe
Page 97 and 98: The amounts recorded in the balance
Page 99 and 100: Actuarial assumptions used in deter
Page 101 and 102: - the risks attached to ongoing lit
Page 103 and 104: Fair value of fi nancial debts For
Page 105 and 106: ) Balance sheet risk The Group’s
Page 107 and 108: Financial instruments IAS 39 defi n
Page 109 and 110: (32) Assets held for sale and liabi
Page 111 and 112: Management of Risks Acting responsi
Page 113 and 114: In reference to Raw Materials, in a
Page 115 and 116: Since 2007 a compliance organizatio
Page 117 and 118: Participation in venture capital fu
Page 119 and 120: Compensation report 1. Description
Page 121 and 122: affi liated to the Pension Regulati
Page 123 and 124: Companies leaving the Group Country
Page 125 and 126: SolVin France SA, Paris 75 Pl Vival
Page 127 and 128: Solvay Soda Ash Joint Venture, Hous
Page 129 and 130: FINLAND Pipelife Finland OY, Oulu 5
Page 131 and 132: Summary fi nancial statements of So
Page 133 and 134: STATUTORY AUDITOR’S REPORT To the
Page 135 and 136: Report on the application of the Co
Page 137 and 138: Introduction This report presents t
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The Board of Directors noted their
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notice of the meeting by mail at th
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Year of birth Year of 1st appointme
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eing a non-executive director of a
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4.5.2. The Audit Committee At Janua
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corresponding to the decision or re
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which remained valid for the 2008 f
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Manager, a member of the Executive
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EUR The Solvay share compared with
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ANNEX 1 Audit Committee Mission Sta
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during the 30 days preceding the st
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Executive Committee 1 | Christian J
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ABAF: Belgian Financial Analysts As
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Shareholders’ Diary - Tuesday May
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