2007 - April

Contents
01 Main Document
Responsibility for this reference document and audits.................................................... p.4
General information on the company and its share capital............................................ p.6
Information on the company’s activities............................................................................... p.15
Net worth-financial position-earnings.................................................................................... p.32
Corporate Governance.................................................................................................................... p.34
Recent developments and outlook........................................................................................... p.48
02 Management report
04 Statutory financial statements
APRIL GROUP statutory financial statements at Dec 31 st , 2007..............................p.151
Highlights............................................................................................................................................p.154
Notes to the statutory financial statements of APRIL GROUP SA
for the year ended Dec 31 st , 2007........................................................................................p.155
Statutory Auditors’ general report on the annual financial statements...............p.164
Special Statutory Auditors’ report on regulated agreements....................................p.166
Combined General Shareholders’ Meeting on April 24th, 2008: Resolutions....p.170
Index of headings............................................................................................................................p.178
Management report......................................................................................................................... p.50
Five-year financial summary......................................................................................................... p.79
Chairman of the Board of Directors’ report......................................................................... p.80
Statutory Auditors’ report on the report of the Chairman
of the Board of Directors............................................................................................................... p.90
03 Consolidated financial statements
APRIL GROUP consolidated financial statements at Dec 31 st , 2007........................ p.93
Notes to the consolidated financial statements at Dec 31 st , 2007......................... p.98
Statutory Auditors’ report on the consolidated financial
statements year ended Dec 31 st , 2007...............................................................................p.148
Pursuant to Article 28 of European regulation 809/2004, the following information is included
for reference in the present reference document:
- The management report, the consolidated financial statements and the Statutory
Auditors’ report on the consolidated financial statements for the year ended December 31 st ,
2005, as presented in the reference document filed with the French securities regulator
(Autorité des Marchés Financiers, AMF) on March 30 th , 2006 under number D.06-0183.
- The management report, the consolidated financial statements and the Statutory
Auditors’ report on the consolidated financial statements for the year ended December
31 st , 2006, as presented in the reference document filed with the AMF on March 14 th , 2007
under number D.07-0173.
The information included in these two reference documents other than the abovementioned
information has, as relevant, been replaced and/or updated by the information included in
the present reference document.
These documents may be downloaded from the AMF internet site at www.amf-france.org