2007 - Pinguely Haulotte

Statutory accounts - Notes to the balance sheet
16. DEFERRED TAXES
Descriptions of temporary differencies Amounts Deferred tax
Employee profit-sharing 1 976 659
Organic tax 852 284
Provision for inventory losses 1 584 528
Provision for trade receivable losses 1 263 421
Provision for retirement indemnities 722 241
Deferred tax assets 6 397 2 132
Deferred gains from mergers (103) (34)
Unrecognized tax deductions (302) (101)
Deferred tax liabilities (405) (135)
Net deferred taxes 5 992 1 997
17. TAX CONSOLIDATION GROUP
Haulotte Group SA is the head of a French tax consolidation group that includes Haulotte France, ABM industries, Lev France,
Telescopelle and Royans Levage. Under this tax sharing agreement, taxes are incurred by subsidiaries as if they were not included in
the tax consolidation group.
18. FEES ALLOCATED TO DIRECTORS AND OFFICERS
Amount allocated to directors and officers payable by the Group totalled K€757 in 2007 versus K€635 in 2006. This amount originates
from funds invoiced by Solem S.A.S. for the services rendered on behalf of the Group by two executives. It includes expenses incurred
by these executives on behalf of the group. In compliance with the agreement to provide general administrative and commercial
assistance signed by Solem S.A.S. the cost of the services is subject to a 10% mark-up. No loans or advances have been granted to
directors and officers. There are no other pension obligations or related commitments in favour of former executives.
19. OFF-BALANCE SHEET COMMITMENTS
19.1 FINANCE LEASE COMMITMENTS
Lease payments paid and received
Paid Received
Fiscal year Accumulated Fiscal year Accumulated
Property
Equipment held by Haulotte Group SA - - 15 876 31 400
Total - - 15 876 31 400
Lease payments payable
Lease payments payable Residual Total
Total Less than 1-5 years More than value at commit-
1 year 5 years and the lease ment
Equipment held by Haulotte Group SA 9 555 8 555 1 000 - 4 757 14 312
including financial expenses 839 - 839
Total 10 394 8 555 1 000 - 4 757 15 151
Net commitment : 13 473
ENGLISH