sain t-gobain annu al report 2008 annual report

Innovative Construction Building Packaging Other* Total
Materials Products Distri-
(in € millions) Flat High- bution
2006 Glass Performance
Interior Exterior Items Total
Materials Solutions Solutions eliminated
External sales 5,051 4,809 5,864 4,215 10,079 17,579 4,074 4 41,596
Internal sales 32 129 573 262 (38) 797 2 6 (966) 0
Net sales 5,083 4,938 6,437 4,477 (38) 10,876 17,581 4,080 (962) 41,596
Operating income/(loss) 480 500 1,028 348 1,376 1,001 376 (19) 3,714
Business income/(loss) 455 415 989 240 1,229 980 379 (136) 3,322
Share in net income/(loss)
of associates (8) 3 10 0 10 2 7
Depreciation and amortization 322 248 284 147 431 268 239 14 1,522
Impairment of assets 25 27 7 28 35 3 93 12 195
Net goodwill 189 1,380 3,962 722 4,684 2,826 248 9,327
Non-amortizable brands 856 0 856 1,987 2,843
Total segment assets ** 4,905 5,184 9,804 3,464 13,268 12,819 3,367 251 39,794
Total segment liabilities **** 1,738 1,491 2,009 1,392 3,401 4,115 1,218 747 12,710
Investments during the year
– Capital expenditure 448 226 632 214 846 328 336 24 2,208
–Businesses
(net of cash acquired) 13 1 19 79 98 331 58 501
Cash flows from operations 529 432 726 322 1,048 817 402 119 3,347
* “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 (€414 million) and cash and cash
equivalents (€1,468 million).
*** The difference between total liabilities and equity in the balance sheet and total segment liabilities corresponds to equity (€14,487 million), current and deferred
taxes (€1,412 million) and debt (€13,067 million).
179 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Saint-Gobain – Financial Report 2008