sain t-gobain annu al report 2008 annual report

Innovative Construction Building Packaging Other* Total
Materials Products Distri-
(in € millions) Flat High- bution
2007 Glass Performance
Interior Exterior Items Total
Materials Solutions Solutions eliminated
External sales 5,577 4,629 6,002 4,187 10,189 19,478 3,542 6 43,421
Internal sales 34 123 626 329 (32) 923 2 4 (1,086) 0
Net sales 5,611 4,752 6,628 4,516 (32) 11,112 19,480 3,546 (1,080) 43,421
Operating income/(loss) 717 585 980 333 1,313 1,102 401 (10) 4,108
Business income/(loss) (49) 333 962 281 1,243 1,069 688 (128) 3,156
Share in net income/(loss)
of associates 3 7 0 7 2 1 1 14
Depreciation and amortization 347 216 318 141 459 276 209 14 1,521
Impairment of assets 73 225 9 31 40 19 (4) 1 354
Net goodwill 179 1,153 3,831 766 4,597 3,078 233 9,240
Non-amortizable brands 815 0 815 1,948 2,763
Total segment assets ** 4,976 4,238 9,994 3,516 13,510 13,580 2,758 281 39,343
Total segment liabilities *** 2,421 1,125 1,911 1,366 3,277 4,249 936 1,047 13,055
Investments during the year
– Capital expenditure 523 238 622 211 833 369 309 20 2,292
–Businesses
(net of cash acquired) 18 22 98 93 191 500 (1) 20 750
Cash flows from operations 677 487 739 321 1,060 825 425 288 3,762
* “Other” corresponds to a) the elimination of intragroup transactions for internal sales and b) holding company transactions for the other captions.
** The difference between total assets in the balance sheet and total segment assets corresponds to current and deferred taxes (€501 million) and cash and cash
equivalents (€1,294 million).
*** The difference between total liabilities and equity in the balance sheet and total segment liabilities corresponds to equity (€15,267 million), current and deferred
taxes (€1,594 million) and debt (€11,222 million).
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Saint-Gobain – Financial Report 2008