sain t-gobain annu al report 2008 annual report

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Information by geographic area France Other Western North Emerging Internal Total European America countries sales (in € millions) countries and Asia 2008 Net sales 13,076 19,941 5,499 7,404 (2,120) 43,800 Total segment assets 11,322 16,938 5,672 6,771 40,703 Capital expenditure 565 684 221 693 2,163 France Other Western North Emerging Internal Total European America countries sales (in € millions) countries and Asia 2007 Net sales 12,931 19,905 5,793 6,921 (2,129) 43,421 Total segment assets 11,031 16,110 5,538 6,664 39,343 Capital expenditure 550 699 372 671 2,292 France Other Western North Emerging Internal Total European America countries sales (in € millions) countries and Asia 2006 Net sales 12,528 18,448 6,790 5,933 (2,103) 41,596 Total segment assets 10,990 16,219 5,981 6,604 39,794 Capital expenditure 499 751 363 595 2,208 The geographical breakdown of external sales for 2008, 2007 and 2006 is as follows: France Other Western North Emerging Total European America countries (in € millions) countries and Asia 2008 Net sales 11,499 19,253 5,262 7,786 43,800 2007 Net sales 11,388 19,350 5,563 7,120 43,421 2006 Net sales 10,874 17,853 6,618 6,251 41,596 180 Saint-Gobain – Financial Report 2008
NOTE 33 Principal fully consolidated companies The table below shows the Group’s principal consolidated companies, typically those with net sales of over €100 million. Principal fully consolidated companies at December 31, 2008 INNOVATIVE MATERIALS SECTOR - FLAT GLASS % interest (held directly and indirectly) Saint-Gobain Glass France France 100.00% Saint-Gobain Sekurit France France 100.00% Saint-Gobain Sekurit Deutschland GmbH & CO Kg Germany 99.91% Saint-Gobain Glass Deutschland GmbH Germany 99.91% SG Deutsche Glas GmbH Germany 99.91% Saint-Gobain Glass Benelux Belgium 99.77% Saint-Gobain Sekurit Benelux SA Belgium 99.91% Saint-Gobain Autover Distribution SA Belgium 99.91% Koninklijke Saint-Gobain Glass Netherlands 99.77% Saint-Gobain Glass Polska Sp Zoo Poland 99.91% Cebrace Cristal Plano Ltda Brazil 50.00% Saint-Gobain Do Brazil Ltda Brazil 100.00% Saint-Gobain Cristaleria SA Spain 99.72% Solaglas Ltd United Kingdom 99.97% Saint-Gobain Glass Italia Italy 100.00% Saint-Gobain Sekurit Italia Italy 100.00% Hankuk Glass Industries South Korea 80.47% Hankuk Sekurit Limited South Korea 90.11% Saint-Gobain Glass India India 97.82% Saint-Gobain Glass Mexico Mexico 99.72% INNOVATIVE MATERIALS SECTOR - HIGH-PERFORMANCE MATERIALS Saint-Gobain Abrasifs France 99.92% Société Européenne des Produits Réfractaires France 100.00% Saint-Gobain Abrasives Inc. United States 100.00% Saint-Gobain Ceramics & Plastics Inc. United States 100.00% Saint-Gobain Performance Plastics Corp. United States 100.00% SG Abrasives Canada Inc. Canada 100.00% Saint-Gobain Abrasivi Italy 99.92% SEPR Italia Italy 100.00% Saint-Gobain Abrasivos Brasil Ltda Brazil 100.00% Saint-Gobain Abrasives BV Netherlands 99.92% Saint-Gobain Abrasives Ltd United Kingdom 99.97% Saint-Gobain Vertex SRO Czech Republic 100.00% CONSTRUCTION PRODUCTS SECTOR Interior Solutions Saint-Gobain Isover France 100.00% Saint-Gobain Isover G+H AG Germany 99.91% CertainTeed Corporation United States 100.00% Saint-Gobain Ecophon Group Sweden 99.98% Saint-Gobain Construction Product Russia Insulation Russia 100.00% BPB Plc United Kingdom 100.00% CertainTeed Gypsum & Ceilings USA United States 100.00% CertainTeed Gypsum Canada Inc. Canada 100.00% BPB Gypsum (Pty) Ltd South Africa 100.00% Saint-Gobain Placo Iberica Spain 100.00% 181 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Saint-Gobain – Financial Report 2008
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2008 annual report
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Contents 05 • Strategy and busine
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3 STRATEGY AND BUSINESSES Jean-Loui
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Strategy and Businesses of Saint-Go
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Responding to recession by demonstr
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The High-Performance Materials Divi
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High-Performance Materials Business
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Insulation products are made from m
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Construction Products Businesses an
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Finland, Estonia, Lithuania and Pol
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ecovered glass can be recycled inde
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The “Germ-free Surfaces” progra
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24 2008 results dampened by the fin
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holders of the parent contracted 7.
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28 2008 business review 2008 sales
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30 The Division also continued to e
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32 In the Nordic countries, Dahl de
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Sustainable development 34 Sustaina
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Environment Challenges Action taken
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38 I. Products and services contrib
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40 Sun Saint-Gobain is a major supp
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42 a British trade association that
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44 Mobilizing resources to deploy t
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46 EHS auditors are drawn from a po
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48 Lastly, we make every effort to
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To help them to implement the plan,
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52 Wood dust is primarily an issue
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54 BRØDRENE DAHL’S PROGRAM FOR R
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56 2008-2010 OBJECTIVE Saint-Gobain
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58 warehouses and other similar spa
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product developed in 2006 by Lapeyr
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62 Internships during a student’s
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64 Geographical and job mobility is
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66 SAINT-GOBAIN AND THE BROAD-BASED
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68 Honest, open, high quality socia
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70 Construction Products The Constr
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72 IV. Values supporting responsibl
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74 INTERNATIONAL CORPORATE FOUNDATI
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76 In countries facing certain soci
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78 for example, 91% of the Group’
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ENVIRONMENTAL INDICATORS 2007 2008
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Trading volume since September 2007
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Trading volume since September 2007
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Changes in capital over the last fi
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88 The decision to grant stock opti
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Information Policy and 2009 Financi
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92 Yuko HARAYAMA Professor at Tohok
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Other directorships and positions h
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96 Director’s name and current ma
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98 • Committees of the Board. Thr
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100 The Committee’s remit, as def
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• The Annual General Meeting of J
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4. Stock options granted to the Cha
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106 Management compensation In Grou
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Fees paid by the Group to the Audit
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110 Related party agreements Relate
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112 The audits are based on a 20-st
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114 being applied. The TAS framewor
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Statutory Auditors’ report Prepar
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Commitment concerning the payment o
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120 Restructuring risks The Group h
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122 • Volumes are not material, o
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124 or any specific illness or phys
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The level of coverage is considered
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Consolidated balance sheet at 31 De
Page 132 and 133: Consolidated income statement (in
Page 134 and 135: Statement of recognized income and
Page 136 and 137: Notes to the consolidated financial
Page 138 and 139: 136 Non-current assets held for sal
Page 140 and 141: 138 asset’s fair value less costs
Page 142 and 143: 140 Fair value of financial instrum
Page 144 and 145: 142 Other business income and expen
Page 146 and 147: 2006 In 2005, the Group acquired th
Page 148 and 149: NOTE 4 Other intangible assets Pate
Page 150 and 151: NOTE 6 Investments in associates (i
Page 152 and 153: 150 NOTE 8 Inventories Dec. 31, Dec
Page 154 and 155: Movements relating to stock options
Page 156 and 157: The plan costs are calculated under
Page 158 and 159: The following tables show the funde
Page 160 and 161: Actuarial assumptions used to measu
Page 162 and 163: The effective tax rate paid by the
Page 164 and 165: Provisions for claims and litigatio
Page 166 and 167: isks is hedged wherever possible wi
Page 168 and 169: Bond issues On June 13, 2008, Saint
Page 170 and 171: NOTE 19 Financial instruments Deriv
Page 172 and 173: NOTE 21 Business income by expense
Page 174 and 175: The weighted average number of shar
Page 176 and 177: 174 In addition, as of December 31,
Page 178 and 179: NOTE 28 Related-party transactions
Page 180 and 181: Innovative Construction Building Pa
Page 184 and 185: 182 Principal fully consolidated co
Page 186 and 187: II - Justification of our assessmen
Page 188 and 189: Income statement at December, 31 (i
Page 190 and 191: Balance sheet at December, 31 ASSET
Page 192 and 193: Cash flow statement (in € thousan
Page 194 and 195: Risk management/Financial instrumen
Page 196 and 197: NOTE 5 Intangible assets Intangible
Page 198 and 199: Changes in Compagnie de Saint-Gobai
Page 200 and 201: Grant stock options exercisable for
Page 202 and 203: 9.4 Compagnie de Saint-Gobain Group
Page 204 and 205: NOTE 12 Debt and payables Total deb
Page 206 and 207: 12.1 Perpetual bonds In 1985, Compa
Page 208 and 209: NOTE 14 Investment portfolio Countr
Page 210 and 211: COMPANIES Capital Reserves % Book v
Page 212 and 213: NOTE 18 Fees paid to the Statutory
Page 214 and 215: Asbestos-related litigation in Braz
Page 216 and 217: Statutory Auditors’ report on the
Page 218 and 219: Main subsidiaries by country and de
Page 220 and 221: Saint-Gobain Vetrotex Deutschland G
Page 222 and 223: Saint-Gobain Construction Products
Page 224 and 225: Saint-Gobain Building Distribution
Page 226 and 227: Subsidiaries: Saint-Gobain Technica
Page 228 and 229: CHINA €1 = CNY 10.227 Saint-Gobai
Page 230 and 231: Table of concordance 1 Person respo
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COMPAGNIE DE SAINT-GOBAIN France He
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Notes 232 Saint-Gobain - Financial
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