REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.1 CONSOLIDATED FINANCIAL STATEMENTS FOR 2007, 2006 AND 2005
Changes in operating working capital requirement
Changes in working capital requirement during 2007 and 2006 can be analyzed as follows:
2007 Note
Balance
at Jan. 1,
2007
Net
debits
Net
credits
Changes
in Group
structure Other
Balance
at Dec. 31,
2007
• Net inventories ............................ 22 2,936 1,858 (573) 505
• Net trade receivables ...................... 23 67,355 19,866 (6,079) 81,142
• Net other receivables ...................... 23 55,420 3,633 384 59,437
• Supplier payables ......................... 30 136,713 7,788 (2,554) 126,371
• Other liabilities ........................... 63,143 9,233 (2,344) 2,141 53,707
Total ..........................................
Change in operating working capital
(74,145) 40,520 1,858 (1,370) (2,141) (38,994)
requirement in 2007 ........................ 38,662
2006 Note
Balance
at Jan. 1,
2006
Net
debits
Net
credits
Changes
in Group
structure Other
Balance
at Dec. 31,
2006
• Net inventories ........................... 22 5,965 3,029 2,936
• Net trade receivables ..................... 23 61,853 5,682 (180) 67,355
• Net other receivables ..................... 23 38,602 16,232 586 55,420
• Supplier payables ........................ 30 108,833 27,520 360 136,713
• Other liabilities .......................... 55,635 6,867 641 63,143
Total .........................................
Change in operating working capital
(58,048) 21,914 37,416 (595) (74,145)
requirement in 2006 ....................... 15,502
Other liabilities
This item can be analyzed as follows:
Note 2007 2006
Total trade and other payables ............................................... 30 244,355 286,924
• Suppliers of goods and services (incl. VAT) ............................ 30 (126,371) (136,713)
• Suppliers of non-current assets (excl. VAT) ............................ (64,277) (84,921)
• Other items with no impact on working capital requirements ........... (2,147)
Recognized in cash flow statement ........................................ 53,707 63,143
Acquisitions of non-current assets
Acquisitions of non-current assets can be analyzed as follows:
Note 2007 2006
• Intangible assets ....................................................... 18 1,857 1,617
• Property, plant and equipment .......................................... 20 350,127 315,540
• Suppliers of non-current assets (excl. VAT)
• at beginning of year ............................................... 84,921 56,660
• impact of changes in Group structure .............................. 0 526
• at year-end ........................................................ (64,277) (84,921)
Recognized in cash flow statement ........................................ 372,628 289,422
130 - Iliad – Registration Document 2007