2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
2007 - Pinguely Haulotte
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<strong>2007</strong><br />
annual report # p131-132<br />
Statutory accounts - Notes to the balance sheet<br />
Significant receivables, payables and commitments in foreign currency that are hedged<br />
Foreign exchange exposure Currency<br />
In thousands of euros AUD AED GBP USD DZD<br />
BALANCE SHEET<br />
Receivables (1) 15 054<br />
of which Group receivables 15 054<br />
of which non-Group receivables<br />
(1) Financial receivables, operating receivables<br />
Receivables in US dollars are hedged at an exchange rate of €1,12<br />
25. INTEREST-RATE RISKS<br />
The company has purchased interest rate swaps maturing in more than five years. The market valuation of these financial instruments<br />
represented a negative position of K€2 275 at December 31st, <strong>2007</strong>.<br />
26. CASH FLOW STATEMENT<br />
<strong>2007</strong><br />
Net income 51 139<br />
Depreciation, amortisation and impairment 34 491<br />
Proceeds from disposals, net of tax -2 620<br />
Operating cash flow 83 010<br />
Change in cash flow from operating activities -11 308<br />
Net cash flow from operating activities 71 702<br />
Purchase of property, plant and equipment -76 748<br />
Proceeds from disposals of fixed assets, net of tax 5 344<br />
Changes in payables on fixed assets -567<br />
Net cash flow used in investing activities -71 971<br />
Proceeds from borrowings 341<br />
Repayment of borrowings -430<br />
Proceeds from exercise of option 1 047<br />
Dividends paid to shareholders -5 822<br />
Net cash used in financing activities -4 864<br />
Net change in cash and cash equivalents -5 133<br />
Cash and cash equivalents at January 1st 11 192<br />
Cash and cash equivalents at December 31st 6 059