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