FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

3 – INCOME STATEMENT
Corporate name: PARIS PROVINCES PROPERTIES
31 December 2004
France Export Total
31 December 2003
OPERATING INCOME
Sales of goods
Sales of production – goods
– services 21,229,080 21,229,080 18,711,522
Net turnover 21,229,080 21,229,080 18,711,522
Stored production
Capitalised production
Operating subsidies
Depreciations and reserve reversals, expense transfer 928,189 1,210,901
Other operating income 389,986
Total operating income (I) 22,157,269 20,312,409
OPERATING EXPENSES
Purchase of goods (including customs duties)
Changes in inventory (goods)
Purchase of raw materials and other supplies (including customs duties)
Changes in inventory (raw materials and suplies)
Other purchases and external expenses 7,459,250 6,036,630
Taxes and related payments 2,645,706 2,857,454
Wages and salaries
Social security contributions
Operating allowances
fixed assets
depreciation 5,845,378 5,640,979
provision
current assets
provision 225,892 347,378
for contingencies provision 266,450 384,000
Other expenses 641,226 239,833
Total operating expenses (II) 17,083,902 15,506,274
1 – OPERATING RESULT (I – II) 5,073,366 4,806,135
Joint venture
Attributed income or transferred loss (III)
Loss assumed or transferred income (IV)
FINANCIAL INCOME
Financial income from investments
Income from other investment securities and from receivables related to fixed assets
Other interest and related income 15,650
Reserve reversals, expense transfer
Profits on exchange rates 1,873 12,250
Net gains on sales of investment securities 15,443 22,638
Total financial income (V) 32,966 34,888
FINANCIAL EXPENSES
Financial allowances for depreciations and provisions
Interest and assimilated expenses 6,110,027 6,406,428
Loss on exchange rates 229
Net loss on sales of investment securities
Total financial expenses (VI) 6,110,256 6,406,428
2 – FINANCIAL RESULT (V – VI) (6,077,290) (6,371,539)
3 – ORDINARY RESULT BEFORE TAX (I - II + III - IV +V-VI) -1,003,924 -1,565,404
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