Annual report 2001 - GL events
Annual report 2001 - GL events Annual report 2001 - GL events
Evolution of net sales : + 9.8 % Erick ROSTAGNAT 113 130 146 214 235 “2001 net sales show a 9.8% increase, a performance worth underlying considering the difficult economic situation and taking into account the strong impact the Sydney Olympic Games had on the year 2000.” 1997 1998 1999 2000 2001 Net sales (in M€) Client’s international activity 15% 8 1997 10% 14 15% 22 23% 48 23% 55 1998 1999 2000 2001 International net sales (in M€) % International net sales / total net sales “The volume of activity realized at the international is the most significant. Indeed it maintains itself at 23% of net sales without including the extraordinary events mentioned above, with especially an expansion in Belgium and Great Britain as well as the opening of our subsidiary in the United States of America.” Evolution of net sales from international activities (excluding Sydney impact and with constant scope) : + 30% in 2001 Net consolidated group profit/(loss) and consolidated net earning’s per share 0.24 2.7 1997 0.39 3.4 0.43 4.9 0.71 8.5 0.77 9.2 1998 1999 2000 2001 Net consolitaded group income (M€) Consolitaded net eamings per shere (in €) Strong investment capacity for the years to come “Net group profit represents 3.91% of net sales, therefore a stable net margin compared to 2000 (3.95%). Net earnings per share is in progression compared to previous year, going from € 0.71 to € 0.77 per share, or +9%.” (Result for 2000 excluding Paris Expo capital gain and the effect due to the deconsolidation of Spain and Morocco).) 157% Gearing 97% 93% 57% 22% 1997 1998 1999 2000 2001 “Gearing is at 57%. The one for 2000 was exceptional due to Paris expo capital gain. This situation clearly demonstrates our investment capacity for the future.”
12 13 Summarized Consolidated Financial Statements (in m€) Balance Sheets Assets Balance Sheets Liabilities 12/31/01 12/31/00 12/31/01 12/31/00 Net Net Intangible assets 73.3 62.3 Tangible assets 14.8 19.6 Long term investments 2.9 2.9 Rental equipment 53.4 46.1 Current assets 90.2 89.7 Cash and cash equivalents 12.2 28.5 Total assets 246.8 249.1 Shareholders' equity 83.5 77.6 Minority interests 2.4 3.4 Provisions for liabilities and charges 3.8 6.4 Financial debts 59.8 46.2 Current liabilities 97.3 115.5 Total liabilities 246.8 249.1 Income statements Cashflow Statement 12/31/01 12/31/00 Net consolidated (1) group profit 9.2 8.5 Cash & cash equivalents at year end 3.2 21.0 12/31/01 12/31/00 Proforma (1) Net sales 235.0 214.1 Cash & cash equivalents Other operating income 14.0 9.6 at beginning of year Operating income 249.1 223.7 21.0 8.4 Raw materials used in production 26.5 25.4 Net cashflow excluding working capital mvts 24.6 24.3 External charges 110.1 102.9 Variation in working capital (25.8) 1.9 Taxes and duties 5.2 5.0 Net cash flow from Personnel expenses 68.0 52.1 operating activities (1.3) 26.2 Depreciation and provisions 20.4 17.7 Other operating expenses 1.8 1.8 Acquisition of assets (25.6) (20.9) Operating expenses 232.0 205.0 Disposal of assets 1.7 45.1 Operating profit 17.0 18.7 Net cash flow from acq. and disposal of subsidiaries Net financial charge (2.7) (1.2) Income before Net cash flow from exceptional items 14.4 17.5 investing activities (5.1) (29.0) (20.3) 3.9 Exceptional profit/ (loss) 0.1 (1) (2.2) Corporation tax 4.7 (1) 5.3 Increase in share capital 0.2 9.7 Consolidated companies Paid dividends (3.5) (2.7) (1) profit 9.8 9.9 New loans 26.8 9.5 Amortization of Repayment of loans (11.0) (34.2) acquired goodwill 0.2 0.1 Net cash flow from Share in profit of companies financing activities conso. under equity method 0.0 0.1 12.5 (17.7) (1) Net consolidated profit 9.7 9.8 Net increase (decrease) Minority interests (0.5) (1.2) in cash & cash equi (17.6) 12.6 (1) Excluding exceptional items : Paris expo capital gain, deconsolidation of Polygone Maroc and Polygone Espagne. The decrease of the operating profit comes mainly from the short-term rental activity of structures which posted a rotation slow-down of its assets folowing the important investments made for the 2000 Sydney Olympic Games.
- Page 2 and 3: Table of contents 1 Générale Loca
- Page 4 and 5: Lyon Tennis Grand Prix “ a satisf
- Page 6 and 7: Première Vision First class Vinexp
- Page 8 and 9: “Royal Ascot” Salt Lake City
- Page 10 and 11: Army Museum Silk museum City of Sci
- Page 12 and 13: ® Pierre-Louis DOUERE Architect :
- Page 16 and 17: “ satisfying clients is our sole
- Page 18 and 19: “ satisfying clients for the bene
- Page 20 and 21: Picture by : MCO-SPORTS “ a devel
- Page 22 and 23: Board of Directors Chairman - Chief
- Page 24 and 25: 1 1. Person responsible for the ref
- Page 26 and 27: 2 General Information regarding Gé
- Page 28 and 29: 2 General Information regarding Gé
- Page 30 and 31: 2 Evolution of the capital of Gén
- Page 32 and 33: 2 Thresholds crossing Due to the pr
- Page 34 and 35: 2 2-5 Financial communication Press
- Page 36 and 37: 3 1989 Alliance between the Group P
- Page 38 and 39: 3 3-3-4 Venue management This marke
- Page 40 and 41: 3 3-4-1-1 Role played by Générale
- Page 42 and 43: 3 Other services The Group offers o
- Page 44 and 45: 3 3-5-3 Risk linked to the activity
- Page 46 and 47: 3 3-7-2 Venue management The distin
- Page 48 and 49: 4 Evolution by market In 2001, the
- Page 50 and 51: 4 b - Operating profit Expressed as
- Page 52 and 53: 4 ● PACKAGE ORGANISATION PACKAGE
- Page 54 and 55: 4 ● DECORAMA DECORAMA (M€) 2001
- Page 56 and 57: 4 c - Future Prospects Générale L
- Page 58 and 59: 4 4-1-2 Five year financial summary
- Page 61 and 62: 58 59 4-2 Consolidated Financial St
- Page 63 and 64: 60 61 4-2-2 Consolidated Balance Sh
12 13<br />
Summarized Consolidated Financial Statements (in m€)<br />
Balance Sheets Assets<br />
Balance Sheets Liabilities<br />
12/31/01 12/31/00<br />
12/31/01 12/31/00<br />
Net Net<br />
Intangible assets 73.3 62.3<br />
Tangible assets 14.8 19.6<br />
Long term investments 2.9 2.9<br />
Rental equipment 53.4 46.1<br />
Current assets 90.2 89.7<br />
Cash and cash equivalents 12.2 28.5<br />
Total assets 246.8 249.1<br />
Shareholders' equity 83.5 77.6<br />
Minority interests 2.4 3.4<br />
Provisions for liabilities<br />
and charges 3.8 6.4<br />
Financial debts 59.8 46.2<br />
Current liabilities 97.3 115.5<br />
Total liabilities 246.8 249.1<br />
Income statements<br />
Cashflow Statement<br />
12/31/01 12/31/00<br />
Net consolidated<br />
(1)<br />
group profit 9.2 8.5 Cash & cash equivalents<br />
at year end 3.2 21.0<br />
12/31/01 12/31/00<br />
Proforma (1)<br />
Net sales 235.0 214.1<br />
Cash & cash equivalents<br />
Other operating income 14.0 9.6 at beginning of year<br />
Operating income 249.1 223.7<br />
21.0 8.4<br />
Raw materials used in production 26.5 25.4 Net cashflow excluding<br />
working capital mvts 24.6 24.3<br />
External charges 110.1 102.9<br />
Variation in working capital (25.8) 1.9<br />
Taxes and duties 5.2 5.0<br />
Net cash flow from<br />
Personnel expenses 68.0 52.1 operating activities (1.3) 26.2<br />
Depreciation and provisions 20.4 17.7<br />
Other operating expenses 1.8 1.8 Acquisition of assets (25.6) (20.9)<br />
Operating expenses 232.0 205.0 Disposal of assets 1.7 45.1<br />
Operating profit 17.0 18.7 Net cash flow from acq.<br />
and disposal of subsidiaries<br />
Net financial charge (2.7) (1.2)<br />
Income before<br />
Net cash flow from<br />
exceptional items 14.4 17.5 investing activities<br />
(5.1)<br />
(29.0)<br />
(20.3)<br />
3.9<br />
Exceptional profit/ (loss) 0.1<br />
(1)<br />
(2.2)<br />
Corporation tax 4.7<br />
(1)<br />
5.3 Increase in share capital 0.2 9.7<br />
Consolidated companies<br />
Paid dividends (3.5) (2.7)<br />
(1)<br />
profit 9.8 9.9 New loans 26.8 9.5<br />
Amortization of<br />
Repayment of loans (11.0) (34.2)<br />
acquired goodwill 0.2 0.1<br />
Net cash flow from<br />
Share in profit of companies<br />
financing activities<br />
conso. under equity method 0.0 0.1<br />
12.5 (17.7)<br />
(1)<br />
Net consolidated profit 9.7 9.8 Net increase (decrease)<br />
Minority interests (0.5) (1.2) in cash & cash equi (17.6) 12.6<br />
(1) Excluding exceptional items : Paris expo capital gain, deconsolidation of Polygone Maroc and Polygone Espagne.<br />
The decrease of the operating profit comes mainly from the short-term rental activity of structures which posted<br />
a rotation slow-down of its assets folowing the important investments made for the 2000 Sydney Olympic<br />
Games.
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