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