FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

Corporate name: P.P.M.P.P.
DEFERRED REVENUES AND PREPAID EXPENSES
Deferred Revenues 31 December 2004 31 December 2003
Operating Income 1,743
Financial Income
Extraordinary Income
Total 1,743
Prepaid Expenses 12/31/2004 12/31/2003
Operating Expenses 216,023 87,408
Financial Expenses
Extraordinary Expenses
Total 216,023 87,408
EXPENSES AMORTISED OVER SEVERAL YEARS
Deferred Charges
Net amount
Amortisation
left over
Deferred Charges
Fixed assets acquisition costs 2,645,927 2 to 5 years
Charges for loans issued
Allocated charges
Total 2,645,927
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 3,007,500 3,007,500
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