REGISTRATION DOCUMENT - Bourbon

COMPANY FINANCIAL STATEMENTS5Parent company balance sheetLIABILITIES(in € thousands) 12.31.2011 12.31.2010I. EQUITYCapital stock 43,055 39,086Additional paid-in capital 52,582 55,471Legal reserve 3,909 3,887Regulated reserves 15,395 15,395Other reserves 481,012 481,012Retained earnings 95,465 21,379Profi t (loss) for the year 98,315 127,278Investment grants - -TOTAL I 789,733 743,508II. PROVISIONS FOR RISKS AND CONTINGENCIESFor risks 1,774 1,774For contingencies - -TOTAL II 1,774 1,774III. LIABILITIESBank borrowings - -Other borrowings and fi nancial liabilities - -Trade and other payables 487 231Tax and social security liabilities 140 127Fixed asset and other payables - 480Other liabilities 550 841Deferred income - -TOTAL III 1,177 1,679Currency translation difference – liabilities - 183TOTAL LIABILITIES 792,684 747,144BOURBON - 2011 Registration Document 127