Annual Report 2011 - Analist.be

More documents

Recommendations

Info

Consolidated statement of changes in shareholders’ equityIn EUR millionCapitalSharepremiumRevaluationreservesTreasurysharesCurrencytranslationadjustmentsRetainedearningsShareholders’equity –Group’sshareNoncontrollinginterestsShareholders’equityAt 31 December 2008 653.1 3,815.8 3,021.9 (207.7) (212.5) 6,346.6 13,417.2 - 13,417.2Consolidated result of the period - - - - - 1,057.7 1,057.7 - 1,057.7Other comprehensive income - - 782.3 - (0.2) (45.6) 736.5 - 736.5Comprehensive income - - 782.3 - (0.2) 1,012.1 1,794.2 - 1,794.2Total transactions with equityholders (note 15.) - - - (27.4) - (355.2) (382.6) - (382.6)At 31 December 2009 653.1 3,815.8 3,804.2 (235.1) (212.7) 7,003.5 14,828.8 - 14,828.8Consolidated result of the period - - - - - 640.8 640.8 (2.4) 638.4Other comprehensive income - - (608.7) - 273.9 (3.3) (338.1) - (338.1)Comprehensive income - - (608.7) - 273.9 637.5 302.7 (2.4) 300.3Total transactions with equityholders (note 15.) - - - (9.8) - (376.5) (386.3) 11.9 (374.4)At 31 December 2010 653.1 3,815.8 3,195.5 (244.9) 61.2 7,264.5 14,745.2 9.5 14,754.7Consolidated result of the period - - - - - 75.0 75.0 92.3 167.3Other comprehensive income - - (958.0) - (89.0) (88.3) (1,135.3) (6.1) (1,141.4)Comprehensive income - - (958.0) - (89.0) (13.3) (1,060.3) 86.2 (974.1)Total transactions with equityholders (note 15.) - - - (0.3) - (373.6) (373.9) (59.2) (433.1)Transaction on Imerys - - - - - (644.6) (644.6) 941.7 297.1At 31 December 2011 653.1 3,815.8 2,237.5 (245.2) (27.8) 6,233.0 12,666.4 978.2 13,644.6Shareholders’ equity was impacted during 2011 mainly by:• the transaction on Imerys, detailed in the section entitled “Consolidation scope, associated companies and changesin consolidation scope”, having a total impact of EUR 297 million;• the distribution of a gross dividend of EUR 2.54 per share (EUR 2.42 in 2010), less treasury shares held in the total net amountof EUR - 394 million (detailed in note 15.);• the evolution of the fair value of GBL’s portfolio of available-for-sale investments for EUR - 958 million (detailed in note 3.);• negative changes in currency translation adjustments; and• the consolidated result of the period of EUR 167 million.70 Annual Report 2011
Consolidated cash flow statementIn EUR million Notes 2011 2010 2009Cash flow from operating activities 737.8 509.2 794.6Consolidated result of the period before income taxes 256.9 637.5 1,056.6Adjustments for:Interest income and expenses 5 81.0 14.6 11.8Net earnings from associated companies 2 (144.2) (262.2) (161.1)Dividends of the non-consolidated interests 3 (500.3) (450.7) (550.3)Net depreciation charges 168.9 1.4 1.1Earnings on disposals, impairments and reversal of non-current assets 636.3 18.8 (391.3)Other (13.6) 2.9 6.6Interest income received 11.0 5.2 13.8Interest expenses paid (74.2) (20.3) (22.4)Dividends collected from non-consolidated interests and associated companies 484.2 563.8 655.6Income taxes paid (106.5) - -Change in working capital requirements:Inventories (25.7) - -Trade receivables 36.8 - -Trade payables 4.8 2.5 (0.5)Other receivables and payables (77.6) (4.3) 174.7Cash flow from investing activities (1,021.3) (289.4) (620.1)Acquisitions of:Investments (224.6) (161.9) (616.9)Subsidiaries, net of cash acquired (791.7) (70.2) -Tangible and intangible assets (187.3) (0.1) (0.7)Other financial assets (2.4) (60.4) (4.7)Divestments of:Investments 162.2 3.2 2.2Subsidiaries, net of cash disposed 11.1 - -Tangible and intangible assets 9.7 - -Other financial assets 1.7 - -Accounts at 31 December 2011Cash flow from financing activities 326.3 (138.8) (535.7)Capital increase from non-controlling interests 7.8 - -Dividends paid by the parent company to its shareholders (394.4) (375.7) (358.3)Dividends paid by the subsidiaries to the non-controlling interests (40.3) - -Amounts received from financial debts 1,134.7 407.2 750.0Repayments of financial debts (350.3) (160.5) (900.0)Net changes in treasury shares (0.3) (9.8) (27.4)Other (30.9) - -Effect of exchange rate fluctuations on funds held 9.3 - -Net increase (decrease) in cash and cash equivalents 52.1 81.0 (361.2)Cash and cash equivalents at the beginning of the period 13 685.8 604.8 966.0Cash and cash equivalents at the end of the period 13 737.9 685.8 604.8The consolidated cash flow statement for 2011 is altered significantly by the transaction on Imerys (see “Consolidation scope,associated companies and changes in the group structure”).Annual Report 2011 71
Page 1:
Annual Report2011 Groupe Bruxelles
Page 4 and 5:
Responsible persons1 Responsibility
Page 6:
Message to shareholdersLadies and G
Page 10 and 11:
Stock Exchange dataShareholder info
Page 14:
Selected Portfolio and financial ad
Page 17:
Consolidated result analysisThe tab
Page 20 and 21:
Consolidated figures IFRSIn 2011, t
Page 22 and 23: 20 Annual Report 2011
Page 24 and 25: Total is a global, integrated oil a
Page 30: GDF SUEZ is a world reference energ
Page 34 and 35: Overview of the activities - GDF SU
Page 36 and 37: The world’s co-leader in Wine & S
Page 39 and 40: Main financial data30 June 2011 30
Page 42 and 43: With a presence in 64 countries, La
Page 45 and 46: Environment variables and operating
Page 47 and 48: Data on Stock Exchange and on GBL
Page 49 and 50: Percentage of share capital .......
Page 51 and 52: Environment variables and operating
Page 54 and 55: Suez Environnement is a global lead
Page 58 and 59: Overview of the activities - Suez E
Page 62 and 63: Overview of the activities - Arkema
Page 64 and 65: Overview of the activities - Arkema
Page 66 and 67: Other investmentsIberdrola(http://w
Page 68 and 69: 66 Annual Report 2011
Page 70 and 71: Consolidated balance sheet at 31 De
Page 74 and 75: Accounting policiesGroupe Bruxelles
Page 77 and 78: Non-current assets held for sale an
Page 79 and 80: Pension liabilities and similar obl
Page 81 and 82: When such estimates are established
Page 83 and 84: Changes in group structureThe most
Page 85: NotesFor the sake of consistency, t
Page 88 and 89: Accounts at 31 December 2011 - Note
Page 96: Accounts at 31 December 2011 - Note
Page 99 and 100: In EUR millionLand andbuildingsMine
Page 101 and 102: 11. InventoriesIn EUR million 2011
Page 103 and 104: Bank loans (GBL)GBL drew on its cre
Page 105 and 106: 16. ProvisionsIn EUR million Legal
Page 107 and 108: Asset plan distributionIn % 2011 20
Page 109 and 110: 18. Other current liabilitiesIn EUR
Page 111 and 112: 19.2. Change in net balance sheet p
Page 113 and 114: ImerysImerys has put in place an in
Page 115: Fair value and carrying amountTo re
Page 118 and 119: Statutory Auditor’s report116 Ann
Page 120 and 121: Non-consolidated summary balance sh
Page 122 and 123:
Dividend policyThe profit appropria
Page 124 and 125:
Accounts at 31 December 2011 - Hist
Page 126 and 127:
Corporate governance statementIan G
Page 128 and 129:
Corporate governance statement1.1.2
Page 130 and 131:
Corporate governance statementGéra
Page 132 and 133:
Corporate governance statementAmaur
Page 134 and 135:
Corporate governance statementNumbe
Page 136 and 137:
Corporate governance statementThe a
Page 138 and 139:
Corporate governance statementThe t
Page 140 and 141:
Corporate governance statement3.2.
Page 142 and 143:
Corporate governance statement3.4.1
Page 145 and 146:
6. Risk management and internal con
Page 147 and 148:
Six specific risks have been identi
Page 149 and 150:
7. Policy on conflicts of interestC
Page 151 and 152:
Extract of the minutes of the meeti
Page 153 and 154:
Chain of ownershipPaul G.Desmarais6
Page 155 and 156:
9.3.3. Organisation chart of shareh
Page 157 and 158:
11.9. Capital11.9.1. Issued capital
Page 159 and 160:
Resolutions proposed to shareholder
Page 161 and 162:
• Regent and Member of the Budget
Page 163 and 164:
Paul DesmaraisVice-Chairman of the
Page 165 and 166:
• Director of 152245 Canada Inc.
Page 167 and 168:
List of activities and other mandat
Page 169 and 170:
• Director of Pargesa Holding S.A
Page 171 and 172:
• Director of Great-West Lifeco I
Page 173 and 174:
Amaury de SezeDirectorList of activ
Page 175 and 176:
• Director of 4400046 Canada Inc.
Page 177:
Gross annual returnThe gross annual
Page 180:
Groupe Bruxelles Lambertwww.gbl.be
show all

Annual Report 2011 - Analist.be

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?