2007 - April
2007 - April
2007 - April
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1.0<br />
APRIL GROUP consolidated financial statements at December 31 st , <strong>2007</strong><br />
Consolidated income statement<br />
EARNINGS – DECEMBER 31 ST (in thousand euros) Notes Dec, 31 st <strong>2007</strong> Dec, 31 st 2006<br />
Revenues 4.1 604,183 520,400<br />
Other operating income 5.1 14,304 8,405<br />
Financial income net of charges and excluding cost of debt 5.2 19,395 14,668<br />
TOTAL INCOME FROM ORDINARY ACTIVITIES 637,882 543,473<br />
Insurance underwriting expenses 5.3 -159,016 -145,838<br />
Income or expenses net of reinsurance cessions 5.4 -23,916 -1,341<br />
Other purchases and external expenses 5.5 -194,682 -168,428<br />
Tax -15,069 -13,004<br />
Personnel costs 5.6 -122,344 -101,263<br />
Depreciation allowance -7,431 -5,817<br />
Provisions -7,278 -7,246<br />
Other operating income and expenses -3,705 -3,624<br />
EBIT 104,441 96,913<br />
Change in goodwill 5.7 26 -52<br />
Other operating income and expenses 5.8 178 -67<br />
OPERATING INCOME 104 645 96,794<br />
Financial expenses -140 -77<br />
Share in affiliated companies 0 0<br />
Tax charge 5.9 -31,966 -31,208<br />
CONSOLIDATED NET INCOME 72,539 65,509<br />
Minority interests 428 434<br />
NET INCOME (GROUP SHARE) 72,111 65,075<br />
EARNINGS PER SHARE 13 1.77 1.60<br />
DILUTED EARNINGS PER SHARE 13 1.75 1.58<br />
The notes on Pages 98 to 147 represent an integral part of the consolidated financial statements.<br />
93<br />
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