Annual report 2001 - GL events
Annual report 2001 - GL events
Annual report 2001 - GL events
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4<br />
c - Future Prospects<br />
Générale Location, acting as the group’s holding will continue to assume its different roles without any modification.<br />
d - Proposition for allocation of profit and various notes<br />
d 1 - Allocation of profit<br />
We suggest that you kindly approve the corporate<br />
accounts at 31 December <strong>2001</strong> (balance sheet, income<br />
statements and notes) such as they are presented and<br />
which show a profit of €. 8 426 238.68.<br />
We also propose that you approve the determination of<br />
distributable earnings and the following allocations :<br />
Determination of the distributable earnings (in €)<br />
Net income 8 426 238.68<br />
Suggested allocation<br />
Legal reserve 421 311.93<br />
Long-term capital gain reserve 1 259 646.39<br />
Dividends at €. 0.28 per share 3 354 692.60<br />
Retained earnings 3 390 587.76<br />
TOTAL 8 426 238.68<br />
The net dividend per share would be €. 0.28 and the<br />
corresponding tax credit (calculated at 50 %) of €. 0.14<br />
for those shareholders entitled, resulting in a gross income<br />
of €. 0.42 and this subject to the special provisions<br />
included on the General Tax Code corresponding to the<br />
sum and the beneficiary of the tax credit.<br />
Shareholders‘ equity after allocation would amount to<br />
K€ 70 807.<br />
In order to comply with the company law, we remind you<br />
that sums distributed as dividends and the<br />
corresponding tax credit for the last three years are as<br />
follows :<br />
Fiscal years Net dividend Tax credit (rate of 50 %)<br />
1998 0.10 0.05<br />
1999 0.20 0.10<br />
2000 0.28 0.14<br />
The given information holds true for the three years of the division by five of the nominal value of the share after<br />
decision made by the Mixed <strong>Annual</strong> General Meeting of 15 June <strong>2001</strong>.<br />
d 2 - Non-tax deductible expenses<br />
We inform you that in compliance with the provisions of<br />
the article 223 of the General Tax Code, the annual<br />
accounts take into account the 15 985 €uros, not<br />
d 3 - Agreements relating to articles L 225-38 and<br />
following of the Business Code<br />
We ask you, in compliance with the articles L 225-40 of<br />
the Business Code, to approve the agreements relating to<br />
the articles L 225-38 of the same code and agreed upon<br />
or pursued during the year under review and having been<br />
deductible in accordance with the article 39-4 of the<br />
General Tax Code.<br />
authorized on a regular basis by the Board of Directors.<br />
Your auditors were duly informed of these agreements<br />
which they describe in their special <strong>report</strong>.