2007 - April
2007 - April
2007 - April
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3.0<br />
Notes to the statutory financial statements of APRIL GROUP SA for the year ended December 31 st , <strong>2007</strong><br />
Note 4. Treasury stock and warrants<br />
Note 5. Receivables and payables<br />
4.1. Treasury stock<br />
In accordance with the authorization granted at the General<br />
Meeting on <strong>April</strong> 27 th , <strong>2007</strong>, APRIL GROUP SA has continued<br />
rolling out its share buyback program.<br />
In this way, APRIL GROUP bought back 132,708 shares for a<br />
total of 5.443 thousand euros, and sold off 149,216 for a<br />
total of 5,844 thousand euros. Income from these disposals<br />
came to - 11 thousand euros, recorded under other financial<br />
income.<br />
At December 31 st , <strong>2007</strong>, the company held 155,067<br />
shares, with 22,117 allocated under the registered dealer’s<br />
agreement and recorded under marketable securities, and<br />
132,950 allocated for a buyback program in connection with<br />
an external growth operation and recorded under long-term<br />
financial investments and treasury stock.<br />
The shares allocated for the external growth operation are<br />
expected to be settled in <strong>2007</strong>.<br />
4.2. Warrants<br />
In accordance with the Executive Board’s decisions on <strong>April</strong><br />
26 th 2006, validated by the Supervisory Board on <strong>April</strong> 26 th<br />
2006, 287,000 warrants were granted to employees or<br />
managers from APRIL GROUP SA or its subsidiaries (exercise<br />
price: 40.56 €).<br />
630,688 warrants were still available for exercising at the<br />
end of <strong>2007</strong>.<br />
ACCOUNTS RECEIVABLE (In thousand euros) Gross Up to 1 year Over 1 year<br />
Advances and deposits paid on orders 212 212<br />
Other trade receivables 42 42<br />
Group and partners 5,524 5,524<br />
Other receivables 448 448<br />
Pre-booked expenses 117 117<br />
GENERAL TOTAL 6,343 6,343<br />
Accounts receivable in relation to other Group companies<br />
came to a total of 6,801 thousand euros primarily<br />
corresponding to tax receivables due by companies that are<br />
members of the tax consolidation group.<br />
DEBT POSITION (In thousand euros) Gross Up to 1 year Over 1 year<br />
Equity interest-related liabilities 30,000 30,000<br />
Bank borrowings -<br />
Trade payables and related 531 531<br />
Tax and social security-related liabilities 1,156 1,156<br />
Group and partners 610 610<br />
Other liabilities 83 83<br />
Pre-booked income -<br />
GENERAL TOTAL 32,380 2,380 30,000<br />
160<br />
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