FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ... 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) -167,387 260,361 175
3 – INCOME STATEMENT (CONTINUED) Corporate name: P.P.M.P.P. 31 December 2004 31 December 2003 EXTRAORDINARY INCOME Extraordinary operating gains 3,236 4,474 Extraordinary capital gains 2,574,277 Depreciations and reserve reversals, expense transfer Total extraordinary income (VII) 3,236 2,578,751 EXTRAORDINARY EXPENSES Extraordinary operating expenses 18,053 359,344 Extraordinary capital expenses 524,791 Extraordinary depreciation expense and provisions 134,000 Total extraordinary expenses (VIII) 152,053 884,135 4 - EXTRAORDINARY RESULT (VII-VIII) (148,817) 1,694,615 Employee profit sharing (IX) Income tax (X) TOTAL INCOME (I+III+V+VII) 15,861,382 11,458,099 TOTAL EXPENSES (II+IV+VI+VIII+IX+X) 16,177,586 9,503,123 5 – PROFIT OR LOSS (TOTAL INCOME – TOTAL EXPENSES) -316,204 1,954,976 176
- Page 125 and 126: 15 June 2005 Proudreed France Sarl
- Page 127 and 128: This valuation is provided for the
- Page 129 and 130: For recently completed developments
- Page 131 and 132: Schedule of Values - Appendix 1 130
- Page 133 and 134: Appendix 2 - Schedule of Values 132
- Page 135 and 136: Appendix 4 Net Market Fund Ref Prop
- Page 137 and 138: We are in the opinion that the valu
- Page 139 and 140: Assets of the Issuer Receivables an
- Page 141 and 142: The Custodian will receive a fee, p
- Page 143 and 144: et seq. of the French Monetary and
- Page 145 and 146: THE BORROWERS The Paris Properties
- Page 147 and 148: • borrowing or more generally rai
- Page 149 and 150: Loan Capital: Commercial Mortgage L
- Page 151 and 152: − and generally all transactions
- Page 153 and 154: 7 rue d’Amiens S.C.I. Introductio
- Page 155 and 156: • granting any security interest
- Page 157 and 158: 1 - BALANCE SHEET - ASSETS Corporat
- Page 159 and 160: 3 - INCOME STATEMENT Corporate name
- Page 161 and 162: NOTES TO THE ACCOUNTS Before repart
- Page 163 and 164: FIXED ASSETS Corporate name: PARIS
- Page 165 and 166: RESERVES IN THE BALANCE SHEET Corpo
- Page 167 and 168: TABLE OF ACCRUED ASSETS AND ACCRUED
- Page 169 and 170: LEASING Corporate name: PARIS PROVI
- Page 171 and 172: AFFILIATED COMPANIES AND INVESTMENT
- Page 173 and 174: P.P.M.P.P. Financial Statements Yea
- Page 175: 2 - BALANCE SHEET - LIABILITIES AND
- Page 179 and 180: Corporate name: P.P.M.P.P. FIXED AS
- Page 181 and 182: RESERVES IN THE BALANCE SHEET Corpo
- Page 183 and 184: TABLE OF ACCRUED ASSETS AND ACCRUED
- Page 185 and 186: SECURITY INTEREST GUARANTEED DEBTS
- Page 187 and 188: The Paris Properties Parent Obligor
- Page 189 and 190: which it is or will be a party (inc
- Page 191 and 192: Principal Activities The principal
- Page 193 and 194: PROUDREED FRANCE Financial Statemen
- Page 195 and 196: 2 - BALANCE SHEET - LIABILITIES AND
- Page 197 and 198: 3 - INCOME STATEMENT (CONTINUED) Co
- Page 199 and 200: The principal schedules of deprecia
- Page 201 and 202: DEPRECIATION Corporate name: PROUDR
- Page 203 and 204: TABLE OF RECEIVABLES AND LIABILITIE
- Page 205 and 206: Corporate Name: PROUDREED France DE
- Page 207 and 208: Corporate name: PROUDREED France FI
- Page 209 and 210: AFFILIATED COMPANIES AND INVESTMENT
- Page 211 and 212: THE HEDGING PROVIDERS HSBC Bank plc
- Page 213 and 214: TERMS AND CONDITIONS OF THE NOTES T
- Page 215 and 216: above, on the basis of the offered
- Page 217 and 218: (k) the Master Definitions and Fram
- Page 219 and 220: and Paris Properties SARL and, in r
- Page 221 and 222: (vi) ‘‘repay’’, ‘‘redee
- Page 223 and 224: (ii) if there are no Class A Notes
- Page 225 and 226: Priority of Payments Following Enfo
3 – INCOME STATEMENT (CONTINUED)<br />
Corporate name: P.P.M.P.P.<br />
31 December 2004 31 December 2003<br />
EXTRAORDINARY INCOME<br />
Extraordinary operating gains 3,236 4,474<br />
Extraordinary capital gains 2,574,277<br />
Depreciations and reserve reversals, expense transfer<br />
Total extraordinary income (VII) 3,236 2,578,751<br />
EXTRAORDINARY EXPENSES<br />
Extraordinary operating expenses 18,053 359,344<br />
Extraordinary capital expenses 524,791<br />
Extraordinary depreciation expense and provisions 134,000<br />
Total extraordinary expenses (VIII) 152,053 884,135<br />
4 - EXTRAORDINARY RESULT (VII-VIII) (148,817) 1,694,615<br />
Employee profit sharing (IX)<br />
Income tax (X)<br />
TOTAL INCOME (I+III+V+VII) 15,861,382 11,458,099<br />
TOTAL EXPENSES (II+IV+VI+VIII+IX+X) 16,177,586 9,503,123<br />
5 – PROFIT OR LOSS (TOTAL INCOME – TOTAL EXPENSES) -316,204 1,954,976<br />
176
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