Annual Report 2011 - Analist.be

A breakdown of the Group’s turnover by type of activity is shown in note 6. The breakdown of the Group’s turnover andnon-current assets by geographical areas is as follows:In EUR million 2011TurnoverBelgium 85.1Other European countries 1,528.2North America 617.9Other 719.8Total 2,951.0Non-current assets (1)Europe 1,553.7North America 708.4Other 887.0Total 3,149.1(1) Excluding deferred tax assets and financial assets2. Associated companiesThe acquisition of a controlling share in Imerys in April 2011 changed the consolidation method. This group was placed at equityuntil the end of the first quarter of 2011. The 2011 figures for Imerys shown in this note on associated companies concern onlythe first quarter of 2011.2.1. Group’s share of net earningsThe dividends from companies consolidated using the equity method are eliminated and replaced by GBL share in their income.Dividends collectedIn EUR million 2011 2010 2009Lafarge 60.5 120.9 82.5Imerys - 23.1 19.2Total 60.5 144.0 101.7Accounts at 31 December 2011Dividends were collected from Imerys in the amount of EUR 51 million during second quarter 2011, at which time Imerys was fullyconsolidated.Net earnings from associated companiesIn EUR million 2011 2010 2009Lafarge 593.0 827.0 736.0Imerys 71.0 240.8 41.3ECP I & II (23.7) 32.8 (15.6)Associated companies related to consolidated operating activities 17.7 - -Details concerning the evolution of the net result of the associated companies are set out in the consolidated result analysis onpage 17 of the annual report, as well as in the section of the annual financial report dealing with investments.Annual Report 2011 85