FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

3 – INCOME STATEMENT
Corporate name: P.P.M.P.P.
France
31 December 2004
Export Total 31 December 2003
OPERATING INCOME
Sales of goods
Sales of production – goods
– services 13,221,039 13,221,039 6,684,210
Net turnover 13,221,039 13,221,039 6,684,210
Stored production
Capitalised production
Operating subsidies
Depreciations and reserve reversals, expense transfer 2,618,535 681,242
Other operating income 4,239
Total operating income (I) 15,843,813 7,365,452
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 3,428,344 1,910,787
Taxes and related payments 3,353,693 1,183,464
Wages and salaries
Social security contributions
Operating allowances
fixed assets
depreciation 4,727,352 2,106,325
provision
current assets
provision 46,322 215,513
for contingencies
provision 277,840 415,513
Other expenses 122,807
Total operating expenses (II) 11,956,358 5,831,602
1 – OPERATING RESULT (I - II) 3,887,455 1,533,851
Joint venture
Attributed income or transferred loss (III) 919,877
Loss assumed or transferred income (IV) 6,670
FINANCIAL INCOME
Financial income from investments 586,726
Income from other investment securities and from receivables related to fixed assets
Other interest and related income 4
Reserve reversals, expense transfer
Profits on exchange rates 2,315
Net gains on sales of investment securities 14,329 4,978
Total financial income (V) 14,333 594,019
FINANCIAL EXPENSES
Financial allowances for depreciations and provisions
Interest and assimilated expenses 4,069,176 2,780,716
Loss on exchange rates
Net loss on sales of investment securities
Total financial expenses (VI) 4,069,176 2,780,716
2 - FINANCIAL RESULT (V - VI) (4,054,842) (2,186,697)
3 – ORDINARY RESULT BEFORE TAX (I - II + III - IV +V-VI) -167,387 260,361
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