Financial Reporting - Rexel

As of December 31,
(in millions of euros) 2011 2010
Working capital………………………………………………. "" 1,270.6 1,194.9
Goodwill………………………………………………………. "" 4,002.2 3,931.2
Total allocated assets & liabilities ……………………. "" 5,272.8 5,126.1
Liabilities included in allocated working capital…………… "" 2,546.3 2,434.9
Other non-current assets…………………………………… "" 1,331.7 1,321.2
Deferred tax assets………………………………………… "" 144.3 138.6
Income tax receivable……………………………………….."" 21.0 29.7
Assets classified as held for sale……………………………"" 3.7 23.1
Derivatives…………………………………………………… "" 2.0 1.7
Cash and cash equivalents…………………………………. "" 413.7 311.9
Group consolidated total assets………………………… "" 9,735.5 9,387.2
5. | DISTRIBUTION & ADMINISTRATIVE EXPENSES
For the year ended December 31,
(in millions of euros) 2011 2010
Personnel costs (salaries & benefits) ……….………………" " 1,439.7 1,374.3
Building and occupancy costs ………………………………" " 257.0 262.8
Other external costs ………………………………………… " " 583.5 565.8
Depreciation expense …………………………………………" " 72.5 76.1
Amortization of intangible assets recognized upon the
allocation of the acquisition price of acquired entities ..
" " 15.7 22.8
Bad debt expense ……………………………………………" " 45.2 50.7
Total distribution and administrative expenses " " 2,413.6 2,352.5
6. | SALARIES & BENEFITS
For the year ended December 31
(in millions of euros) 2011 2010
Salaries and social security charges ……………………… " " 1,384.8 1,324.3
Share-based payments ………………………………………" " 17.2 9.8
Pension and other post-retirement benefits-defined
benefit plans …..…………………..……………………… " " 15.8 16.2
Other employee benefits …………………………………… " " 21.9 24.0
Total employee expenses …………………………. " " 1,439.7 1,374.3
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