2007 - April

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3.0 Notes 3.0 to the statutory financial statements of APRIL GROUP SA to the statutory financial statements of APRIL GROUP SA Notes Note 1 - Accounting methods and principles....................... p.155 Note 2 - Fixed assets........................................................................ p.158 Note 3 - Equity securities............................................................... p.159 Note 4 -Treasury stock.................................................................... p.160 Note 5 - Receivables and payables............................................ p.160 Note 6 - Marketable securities..................................................... p.161 Note 7 - Share capital structure.................................................. p.161 Note 8 - Change in shareholders’ equity................................ p.161 Note 9 - Prov. for contingencies and losses......................... p.161 Note 10 - Revenues........................................................................... p.162 Note 11 - External expenses......................................................... p.162 Note 12 - Financial income............................................................ p.162 Note 13 - Non-recurring items.................................................... p.162 Note 14 - Corporate income tax................................................. p.163 Note 15 - Commitments given and received........................ p.163 Notes to the statutory financial statements of APRIL GROUP SA for the year ended December 31 st , 2007 The notes below represent an integral part of the annual financial statements and make up the notes to the balance sheet for the year ended December 31 st , 2007, with a net total of 175,504 thousand euros, and the income statement for the year, with a profit of 32,487 thousand euros. The financial year lasts 12 months and runs from January 1 st to December 31 st , 2007. The annual financial statements were approved by the Executive Board on February 28 th , 2008. The APRIL GROUP SA statutory financial statements are included in the consolidated Group financial statements of APRIL GROUP. The Group consolidated financial statements of APRIL GROUP are included in the consolidated financial statements of EVOLEM SA. Note 1. Accounting methods and principles Note 16 - Average headcount...................................................... p.163 Note 17 - Executive compensation............................................ p.163 Note 18 - Individual training entitlement............................... p.163 Note 19 - Post-balance sheet events...................................... p.163 The Company’s financial statements are drawn up in accordance with the provisions of the general French chart of accounts (Plan Comptable General) approved by the Ministerial Decree of June 22 nd , 1999 published in the official gazette on September 21 st , 1999. 155 Return to the contents section
3.0 Notes to the statutory financial statements of APRIL GROUP SA for the year ended December 31 st , 2007 The accounting standards have been applied in accordance with the principle of conservatism, in line with the following basic assumptions, which seek to provide a faithful image of the Company: Continued operations, Unchanged accounting methods from one financial year to the next, Independent financial years. The basic method used for valuing items booked in the accounts is the historical cost method. 1.1. Intangible fixed assets The APRIL brand has been amortized in full. Software is valued at its acquisition price. Amortization charges are calculated on a straight-line basis depending on the actual useful life, ranging from one to three years. 1.2. Tangible fixed assets Tangible fixed assets are valued on an acquisition price basis. Amortization charges are calculated on a straight-line basis depending on the actual useful life, in line with the following general periods: General installations and fittings 8 years Transport equipment 5 years Office equipment 5 years IT equipment 3 years Furnishings 5 years In accordance with the provisions of CRC regulation 2002-10 relative to the amortization and depreciation of assets, any signs of impairment in value are looked for at the close of accounts and when drawing up interim statements. As relevant, a depreciation charge may be valued and recorded. 1.3. Equity securities Equity securities are booked gross at their acquisition price, including any related acquisition costs, which are recorded as liabilities. Equity interests are valued based on their going value: The going value of securities is calculated in line with a method based notably on the discounted future cash-flow and net asset value, as per the medium-term plans; The going value of other equity securities is determined based on the net asset value; When the going value is below the book value, a provision for impairment is recorded for the difference. 1.4. Loans and payables Loans and payables are valued at their par value. A provision for impairment is recorded when the recoverable value is less than the book value. 1.5. Marketable securities Marketable securities are booked at their acquisition cost. Treasury stock acquired under the liquidity agreement are valued at the closing price on the last day’s trading for the year. Other marketable securities are valued at their last known stock price or at the last net asset value for UCITS. A provision is booked when the inventory value is lower than the book value. 1.6. Provisions for contingencies and losses Provisions for contingencies and losses comprise commitments on which the due date or amount is uncertain and results from commercial, industrial tribunal or other risks. Each known dispute in which APRIL GROUP SA is involved is examined at the close of accounts by the Board of Directors, further to recommendations from external advisors if relevant, with the provisions deemed necessary recorded to cover the estimated risks. 156 Return to the contents section
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Property Heath and Life and savings
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1.0 Management report Interest rate
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1.0 Management report In addition,
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1.0 Management report 10. Employee
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1.0 Management report 2. List of al
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1.0 Management report APRIL Solutio
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1.0 Management report Jean-Yves NOU
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1.0 Management report APRIL MOBILIT
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1.0 Management report Cercle des é
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03 P. financial statements financia
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Page 181 and 182: 7.0 Index of headings INFORMATIONS
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2007 - April

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