sain t-gobain annu al report 2008 annual report
sain t-gobain annu al report 2008 annual report
sain t-gobain annu al report 2008 annual report
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NOTE 7<br />
Other non-current assets<br />
Available-for-s<strong>al</strong>e Capit<strong>al</strong>ized Plan Tot<strong>al</strong><br />
and other loans surpluses<br />
(in € millions) securities and deposits<br />
At January 1, 2006<br />
Gross v<strong>al</strong>ue 193 262 31 486<br />
Provisions for impairment in v<strong>al</strong>ue (32) (11) (43)<br />
Net 161 251 31 443<br />
Movements during the year<br />
Changes in group structure (119) (119)<br />
Increases/(decreases) 9 (37) 90 62<br />
Movements in provisions for impairment in v<strong>al</strong>ue 4 4<br />
Translation adjustments (9) (1) (10)<br />
Transfers and other movements 10 10<br />
Tot<strong>al</strong> (110) (32) 89 (53)<br />
At December 31, 2006<br />
Gross v<strong>al</strong>ue 75 225 120 420<br />
Provisions for impairment in v<strong>al</strong>ue (24) (6) (30)<br />
Net 51 219 120 390<br />
Movements during the year<br />
Changes in group structure (1) (4) (5)<br />
Increases/(decreases) 78 (11) 31 98<br />
Movements in provisions for impairment in v<strong>al</strong>ue (2) 1 (1)<br />
Translation adjustments (5) (4) (9)<br />
Transfers and other movements (1) (1)<br />
Tot<strong>al</strong> 75 (20) 27 82<br />
At December 31, 2007<br />
Gross v<strong>al</strong>ue 145 205 147 497<br />
Provisions for impairment in v<strong>al</strong>ue (19) (6) (25)<br />
Net 126 199 147 472<br />
Movements during the year<br />
Changes in group structure (61) 17 (44)<br />
Increases/(decreases) 9 (2) 89 96<br />
Movements in provisions for impairment in v<strong>al</strong>ue (2) (2)<br />
Translation adjustments (4) (6) (30) (40)<br />
Transfers and other movements 8 8<br />
Tot<strong>al</strong> (56) 15 59 18<br />
At December 31, <strong>2008</strong><br />
Gross v<strong>al</strong>ue 86 227 206 519<br />
Provisions for impairment in v<strong>al</strong>ue (16) (13) (29)<br />
Net 70 214 206 490<br />
The decrease in “Available-for-s<strong>al</strong>e and other securities” in <strong>2008</strong> was primarily due to the consolidation of companies acquired at<br />
the end of 2007. As explained in Note 1, these securities are measured at fair v<strong>al</strong>ue.<br />
The decrease in “Available-for-s<strong>al</strong>e and other securities” in 2006 was mainly due to the consolidation of Xugang, which was<br />
acquired by the Group at the end of 2005 (see Note 2).<br />
The net increase in provisions for impairment in <strong>2008</strong> reflects €5 million in additions (2007: €3 million; 2006: €3 million) and<br />
€3 million in revers<strong>al</strong>s (2007: €2 million; 2006: €7 million).<br />
149 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
Saint-Gobain – Financi<strong>al</strong> Report <strong>2008</strong>
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