FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

Corporate name: PARIS PROVINCES PROPERTIES
DEFERRED REVENUES AND PREPAID EXPENSES
Deferred Revenues 31 December 2004 31 December 2003
Operating Income 15,707
Financial Income
Extraordinary Income
Total 15,707
Prepaid Expenses 12/31/2004 12/31/2003
Operating Expenses 1,811,697 821,621
Financial Expenses 129,417
Extraordinary Expenses
Total 1,941,113 821,621
EXPENSES AMORTISED OVER SEVERAL YEARS
Deferred Charges
Net amount
Amortisation
left over
Deferred Charges
Fixed assets acquisition costs 2,474,610 1 to 4 years
Charges for loans issued
Allocated charges
Total 2,474,610
LEGAL CAPITAL
Number of shares
Shares in Capital
Nominal Value
Beginning of
the tax year
Created during
the tax year
Reimbursed during
the tax year
End of the
tax year
Shares 1 12,300,000 12,300,000
167