2007 - Pinguely Haulotte

Consolidated financial statements at 31/12/2007
INCOME STATEMENT
In thousands of euros Notes 2007 December 2006 December
Sales and revenue 42 648 132 100% 519 276 100%
Cost of goods sold 31 (438 415) -67,6% (349 232) -67,3%
Selling expenses (36 136) -5,6% (28 591) -5,5%
General and administrative expenses 32 (49 298) -7,6% (39 316) -7,6%
Research and development expenditures 33 (7 110) -1,1% (6 085) -1,2%
Exchange gains and losses 34 (2 224) -0,3% 498 0,1%
Other operating income and expenses 37 (1 284) -0,2% (1 522) -0,3%
CURRENT OPERATING INCOME 113 665 17,5% 95 027 18,3%
Badwill/impairment of goodwill
OPERATING INCOME 113 665 17,5% 95 027 18,3%
Cost of net financial debt 38 (5 716) -0,9% (3 208) -0,6%
Other financial income and expenses 149 0,0% 120 0,0%
INCOME BEFORE TAX 108 098 16,7% 91 938 17,7%
Income tax 39 (36 937) -5,7% (31 483) -6,1%
NET INCOME 71 161 11,0% 60 455 11,6%
attributable to shareholders 71 005 11,0% 60 392 11,6%
attributable to minority interests 156 0,0% 63 0,0%
Net earnings per share 41 2,11 1,77
Net diluted earnings per share 41 2,11 1,76
Notes 1 to 50 constitute an integral part of these consolidated financial statements.
STATEMENT OF CHANGES IN EQUITY
In thousands of euros Share Share Consolidated Profit of Stock Treasury Translation Group Minority Total
capital premiums reserves the period options shares differences share interests
Balance at 1 January 2006 4 439 88 861 77 394 45 846 209 (1 019) (749) 214 981 477 215 458
Change in capital of the parent company 17 1 980 1 998 1 998
Appropriation of 2005 net income 45 846 (45 846)
Profit of the period 60 392 60 392 63 60 455
Dividends paid by the parent company (4 440) (4 440) (4 440)
Translation differences (1 802) (1 802) (1 802)
Stock options 5 5 5
Treasury shares (54) (54) (54)
Other changes 91 91
Balance at 31 December 2006 4 456 90 841 118 800 60 392 214 (1 073) (2 551) 271 080 631 271 710
Change in capital of the parent company 20 1 027 1 047 1 047
Appropriation of 2006 net income 60 392 (60 392)
Profit of the period 71 005 71 005 156 71 161
Dividends paid by the parent company (5 823) (5 823) (5 823)
Translation differences (392) (392) (392)
Translation of foreign net investments (3 395) (3 395) (3 395)
Stock options 37 37 37
Treasury shares (17 737) (17 737) (17 737)
Other changes (88) (88)
Balance at 31 December 2007 4 476 91 868 173 369 71 005 251 (18 810) (6 338) 315 821 699 316 520
Notes 1 to 50 constitute an integral part of these consolidated financial statements.
ENGLISH