2008 Registration Document - Rexel

14. Financial information concerning the assets andliabilities, financial position and profits and lossesof Rexel14.1.2 Annual financial statementsof RexelRexel is a holding company that has no operating activitiesof its own. For this reason, investors are invited to read thefollowing annual financial statements of Rexel in conjunctionwith Rexel’s consolidated financial statements set forth inparagraph 14.1.1 of this Document de Référence.14.1.2.1 Annual financial statements of Rexel for the financial year ended December 31, 2008Income statement(in millions of euros)NoteFor the year ended December 31,2008 2007Operating revenues 2.6 –Other purchases and outside services (11.6) (12.4)Taxes other than income taxes (0.1) (0.3)Other expenses (5.5) (2.3)Depreciation, amortization and increases in provisions (0.1) –Loss from operations 3.1 (14.7) (15.0)Dividend income 34.7 0.5Other financial revenues (from short-term investments,loans and exchange gains) 101.1 98.0Decrease in financial provisions, transfer of expenses – –Total financial revenues 135.8 98.5Interest and related expenses and exchange losses (2.7) (13.0)Increase in financial provisions (2.0) (1.1)Total financial expenses (4.7) (14.1)Net financial income 3.2 131.1 84.4Income from ordinary activities 116.4 69.4Non-recurring income (expense), net 3.3 (0.2) 0.2Profit before tax 116.2 69.6Income taxes 3.5 63.9 70.6Net income 180.1 140.2PAGE 216 | REXEL 2008