2007 - Pinguely Haulotte

2007
annual report # p123-124
Statutory accounts - Notes to the balance sheet
Changes in provisions break down as follows:
In thousands of euros 31/12/2006 Allowances Reversals 31/12/2007
Share in subsidiaries (1) 207 274 153 328
Current accounts and loans (2) 19 195 2 970 1 127 21 038
Treasury shares (3) 120 2 935 120 2 935
Other financial assets - - - -
Total 19 522 6 179 1 400 24 301
2. INVENTORIES
Inventories at 31/12/2007 Inventories at 31/12/2006
In thousands of euros Gross Provisions Net Gross Provisions Net
Raw materials 29 562 -751 28 811 21 226 -733 20 493
Work in progress 11 703 0 11 703 10 256 0 10 256
Finished goods 3 018 -746 2 272 2 544 -708 1 836
Trade goods 6 267 -1 178 5 089 4 614 -835 3 779
Total 50 550 -2 675 47 875 38 640 -2 276 36 364
The increase in inventory is directly attributable to growth in activity.
3. TRADE RECEIVABLES
In thousands of euros 31/12/2007 31/12/2006
Trade receivables 170 506 139 667
Depreciation -4 873 -7 497
Net trade receivables 165 633 132 170
4. MATURITY OF RECEIVABLES AND PAYABLES
At December 31st, 2007, all receivables were less than one year with the exception of certain uncollectible receivables and arrears
totalling K€5 032 (December 31st, 2006: K€7 731) with uncertain maturities.
Notes receivables at December 31st, 2007 totalled K€2. (December 31st, 2006: K€15).
Maturity of all payables at December 31st, 2007 are less than one year with the exception of the following payables:
In thousands of euros 31/12/2007
1-5 years > 5 years
Bank borrowings 70 241 0
Other debt 350 0
Total 70 591 0
Notes payables at December 31st, 2007 totalled K€12 328 (December 31st, 2006: K€13 209).