Annual Report 2011 - Analist.be

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Accounts at 31 December 2011 - Notes9. Tangible assetsIn EUR millionLand andbuildingsMineralreservesPlant,machinery,equipment androlling stockAssetsunderconstructionOthertangibleassetsGross carrying amountAt 31 December 2008 0.2 - 3.0 - 19.0 22.2Investments - - 0.2 - 0.5 0.7Group structure changes/Business combinations - - - - - -Disposals and withdrawals - - (0.1) - - (0.1)Currency translation adjustments - - - - (0.2) (0.2)Other - - - - - -At 31 December 2009 0.2 - 3.1 - 19.3 22.6Investments - - - - 0.1 0.1Group structure changes/Business combinations 0.6 - 2.8 - 2.5 5.9Disposals and withdrawals - - - - 1.5 1.5Currency translation adjustments - - - - - -Other - - - - - -At 31 December 2010 0.8 - 5.9 - 23.4 30.1Investments 4.0 36.7 46.7 102.1 1.0 190.5Group structure changes/Business combinations 546.4 663.7 3,251.6 73.1 1.3 4,536.1Disposals and withdrawals (6.3) (2.5) (40.9) (0.6) (0.5) (50.8)Currency translation adjustments 11.9 24.5 105.2 6.1 0.8 148.5Other (1.0) 2.9 34.1 (53.1) 3.4 (13.7)At 31 December 2011 555.8 725.3 3,402.6 127.6 29.4 4,840.7TotalAccumulated depreciationsAt 31 December 2008 - - (2.2) - (1.0) (3.2)Depreciations - - (0.2) - (0.9) (1.1)Impairments (recognised)/reversed - - - - - -Disposals and withdrawals - - 0.1 - - 0.1Currency translation adjustments - - - - (0.4) (0.4)Group structure changes/Other - - - - - -At 31 December 2009 - - (2.3) - (2.3) (4.6)Depreciations - - (0.1) - (1.3) (1.4)Impairments (recognised)/reversed - - - - - -Disposals and withdrawals - - - - - -Currency translation adjustments - - - - - -Group structure changes/Other - - - - (0.2) (0.2)At 31 December 2010 - - (2.4) - (3.8) (6.2)Depreciations (11.7) (28.9) (113.0) (0.7) (2.0) (156.3)Impairments (recognised)/reversed - - (18.7) - - (18.7)Disposals and withdrawals 5.2 2.4 40.3 - 0.2 48.1Currency translation adjustments (5.9) (10.1) (83.8) (0.1) - (99.9)Group structure changes/Other (239.3) (185.8) (2,257.0) (1.2) (4.5) (2,687.8)At 31 December 2011 (251.7) (222.4) (2,434.6) (2.0) (10.1) (2,920.8)96 Annual Report 2011
In EUR millionLand andbuildingsMineralreservesPlant,machinery,equipment androlling stockAssetsunderconstructionOthertangibleassetsGross carrying amountAt 31 December 2009 0.2 - 0.8 - 17.0 18.0At 31 December 2010 0.8 - 3.5 - 19.6 23.9At 31 December 2011 304.1 502.9 968.0 125.6 19.3 1,919.9Of which: Holding - - 0.8 - 16.8 17.6Imerys 295.9 502.9 961.5 125.6 1.1 1,887.0Private equity 8.2 - 5.7 - 1.4 15.3Imerys recognised impairments in the amount of EUR 19 million on its tangible assets. These concern “Pigments for Paper &Packaging”, “Materials & Monolithics” and “Minerals for Ceramics, Refractories, Abrasives & Foundry” in the amountsof EUR 11 million, EUR 2 million and EUR 6 million respectively.Depreciations for the different periods are shown under “Other operating income and expenses relating to investing activities”and “Depreciation on tangible and intangible assets – consolidated operating activities” in the consolidated statementof comprehensive income.TotalThe tangible assets held pursuant to a finance lease amounts in the balance sheet for a total of EUR 4 million (EUR 1 millionand EUR 0 million respectively on 31 December 2010 and 2009). These consist mainly of transport material held by Imerys.Commitments for future lease payments amount to EUR 1 million in present value for 2012, EUR 2 million for the period 2013to 2016 and EUR 1 million beyond.10. Income taxes10.1. Breakdown of the “Income taxes” headingIn EUR million 2011 2010 2009Current taxesFor the year in progress (75.9) - -For previous years (3.5) - -Deferred taxes (10.2) 0.9 1.1Total (89.6) 0.9 1.1Accounts at 31 December 201110.2. Reconciliation of the income tax charge for the yearIn EUR million 2011 2010 2009Pre-tax result 256.9 637.5 1,056.6Result of equity affiliates (144.2) (262.2) (161.1)Results before taxes and before results of equity affiliates 112.7 375.3 895.5Taxes at Belgian rate (33.99%) (38.3) (127.6) (304.4)Impact of different taxation rates in foreign countries (7.2) - -Tax impact of non-taxable income 198.1 146.3 310.4Tax impact of non-deductible charges (231.8) (17.8) (4.9)Tax impact of changes in taxation rates for subsidiaries (0.2) - -Other (10.2) - -Tax (charge)/income for the period (89.6) 0.9 1.1Annual Report 2011 97
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Annual Report2011 Groupe Bruxelles
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Responsible persons1 Responsibility
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Message to shareholdersLadies and G
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Stock Exchange dataShareholder info
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Selected Portfolio and financial ad
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Consolidated result analysisThe tab
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Consolidated figures IFRSIn 2011, t
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20 Annual Report 2011
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Total is a global, integrated oil a
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GDF SUEZ is a world reference energ
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Overview of the activities - GDF SU
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The world’s co-leader in Wine & S
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Main financial data30 June 2011 30
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With a presence in 64 countries, La
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Environment variables and operating
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Page 62 and 63: Overview of the activities - Arkema
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Page 66 and 67: Other investmentsIberdrola(http://w
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Page 74 and 75: Accounting policiesGroupe Bruxelles
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Six specific risks have been identi
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7. Policy on conflicts of interestC
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Extract of the minutes of the meeti
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Chain of ownershipPaul G.Desmarais6
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9.3.3. Organisation chart of shareh
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11.9. Capital11.9.1. Issued capital
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Resolutions proposed to shareholder
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• Regent and Member of the Budget
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Paul DesmaraisVice-Chairman of the
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• Director of 152245 Canada Inc.
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List of activities and other mandat
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• Director of Pargesa Holding S.A
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• Director of Great-West Lifeco I
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Amaury de SezeDirectorList of activ
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• Director of 4400046 Canada Inc.
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Gross annual returnThe gross annual
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Groupe Bruxelles Lambertwww.gbl.be
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