2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
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Consolidated financial statements of December 31st, <strong>2007</strong><br />
Note 18 - Cash and cash equivalents<br />
31/12/<strong>2007</strong> 31/12/2006<br />
Cash at bank and in hand 46 962 61 209<br />
Money market funds<br />
Medium-term notes<br />
734 6 790<br />
Total 47 696 67 999<br />
Note 19 - Fair value of derivative instruments<br />
Positive fair value of derivative instruments:<br />
31/12/<strong>2007</strong> 31/12/2006<br />
USD forward sales 3 475 2 413<br />
Interest rate swaps 1 266 1 073<br />
Other derivative financial instruments 18 56<br />
Total 4 759 3 542<br />
Negative fair value of derivative instruments:<br />
31/12/<strong>2007</strong> 31/12/2006<br />
GBP forward sales (7)<br />
Interest rate swaps (3 534) (1 924)<br />
Total (3 534) (1 931)<br />
Note 20 - Management of foreign exchange risk<br />
The following table presents the foreign currency exposures of trade receivables payables before hedging:<br />
At 31/12/07<br />
EUR AUD GBP SEK USD Other<br />
Trade receivables 243 264 9 275 51 501 14 318 10 999 14 811<br />
Trade payables (117 010) 0 (1 930) (337) (3 670) (6 123)<br />
Net positioning before hedging 126 254 9 275 49 571 13 981 7 329 8 688<br />
At 31/12/06<br />
EUR AUD GBP SEK USD Other<br />
Trade receivables 233 890 7 373 65 424 15 296 13 166 6 608<br />
Trade payables (92 423) (244) (1 778) (252) (2 782) 38<br />
Net positioning before hedging 141 467 7 129 63 646 15 044 10 384 6 646<br />
A 10% increase in the value of the euro against the pound sterling would represent, excluding the impact of hedges, an additional<br />
charge in the consolidated financial statements of €4.9 million.<br />
A 10% increase in the value of the euro against the US dollar would represent, excluding the impact of hedges, an additional charge<br />
in the consolidated financial statements of K€700.<br />
Note 21 - Share capital and premiums<br />
31/12/<strong>2007</strong> 31/12/2006<br />
Number of shares 34 434 000 34 282 340<br />
Nominal value in euros 0,13 0,13<br />
Share capital in euros 4 476 420 4 456 704<br />
Share premiums in euros 91 868 191 90 841 070<br />
ENGLISH