Activity indicators

Financial indicators (IFRS)

Results

Income statement (in euro thousands)

Exercice	2007	2006
Revenues	1,382.6	1,256.4
Cost of sales	-1,063.4	-961.2
Gross profit	319.2	295.2
Selling expenses	-39.1	-34.9
General and administrative expenses	-74.1	-67.4
Other operating income and expenses	-24.7	-31.5
Current operating profit	181.3	161.3
Other operating income and expenses	3.3	-3.3
Operating Income	184.5	158.0
Cost of net financial debt	-27.1	-19.6
Income from equity affiliates	-15.0	-
Income taxes	-41.6	-48.4
Share of net income of equity affiliates	4.2	7.5
Income from fully consolidated companies	105.0	97.5
Minority interests	20.7	13.5
Of which Attributable to shareholders	84.4	84.0
Earnings per share [€]	3.79	3.77

Balance sheet (in euro thousands)

Assets (in euro thousands)	30.11.07	30.11.06[1]
Goodwill	69.0	69.7
Intangible assets	80.8	0.2
Tangible assets	9.5	8.9
Financial assets	1.0	1.0
Investments in equity affiliates	29.9	12.4
Other non-current assets	-	81.2
Non-current assets/td>	190.2	173.5
Inventories	595.5	510.4
Accounts receivable	405.7	296.0
Other receivables	147.4	122.1
Cash and cash equivalents (with minority interests)	76.1	62.6
Prepaid expenses	3,2	2,5
Current assets	1,227.9	993.7
Total assets	1,418.1	1,167.2

Equity and liabilities (euro thousands)	30.11.07	30.11.06[1]
Issued capital	5.8	5.8
Paid-in capital, reserves and other	263.1	205.4
Interim dividend	-107.6	-9.9
Income attributable to shareholders	84.4	84.0
Shareholders' equity	245.7	285.2
Minority interests	15.1	10.1
Provisions	260.7	295.3
Provisions for risks and contingencies	12.7	15.2
Long-term borrowings	363.6	146.1
Deferred tax liabilities	14.6	41.1
Non-current liabilities	390.8	202.4
Short-term borrowings	49.0	9.3
Trade payables	621.0	535.9
Other payables	92.5	120.8
Deferred income	4.0	3.4
Current liabilities	766.5	669.5
Total equity and liabilities	1,418.1	1,167.2

(1) The 2006 statement of income and balance sheet have been adjusted to reflect application of the alternative method under IAS 19 which consists of recognizing actuarial gains and losses directly in equity without going through the statement of income, and application of the alternative method under IAS 31 whereby jointly controlled entities are accounted for by the equity method.