sain t-gobain annu al report 2008 annual report

Changes in Compagnie de Saint-Gobain shares held by the Company
Number Gross value Net
of shares held (in € thousands) (in € thousands)
At December 31, 2005 8,383,161 372,857 305,649
Shares purchased in 2006 1,976,708 109,449 109,449
Shares sold in 2006 (3,620,201) (164,632) (125,582)
Shares cancelled in 2006 – – –
Adjustments to provision for impairment in value – – (62,937)
At December 31, 2006 6,739,668 317,674 226,579
Shares purchased in 2007 – – –
Shares sold in 2007 (2,460,265) (118,317) (78,368)
Shares cancelled in 2007 – – –
Adjustments to provision for impairment in value – – –
At December 31, 2007 4,279,403 199,357 148,211
Shares purchased in 2008 – – –
Shares sold in 2008 (115,490) (5,726) (3,398)
Shares cancelled in 2008 – – –
Adjustments to provision for impairment in value (1) – – (17,631)
At December 31, 2008 4,163,913 193,631 127,182
(1) Write-down of Compagnie de Saint-Gobain shares held for allocation on exercise of stock options at December 31, 2008. Write-downs were recorded in all cases
where the weighted average share price for the month of December (€33.33) was less than the option exercise price.
The 4,163,913 shares shown in the table above are held in connection with stock option plans.
The Company also holds 311,713 of its own shares in connection with a liquidity agreement (see Note 8 “Marketable securities”),
bringing the total number of own shares held to 4,475,626 at December 31, 2008.
NOTE 8
Current assets
Maturities of receivables reported under “Current assts”:
Gross
Due
(in € thousands) Within one year Beyond than one year
Other receivables 3,384,266 3,382,009 2,257
Prepayments 4,820 4,469 351
Total 3,389,086 3,386,478 2,608
Provision for doubtful receivables – – –
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Saint-Gobain – Financial Report 2008