APC 2004 Annual Report Download - page 80
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78
6.2 - Elau Administration GmbH
a) Consolidated Balance Sheet
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
Non-current assets, net 10.0 9.9
Current assets and cash and equivalents 35.9 10.5
Total assets 45.9 20.4
Shareholders' equity excluding minority interests 34.2 8.9
Minority interests 0.7
Long-term debt, net 4.6 5.8
Provisions 4.8 3.5
Current liabilities 1.6 2.2
Total liabilities and shareholders' equity 45.9 20.4
b) Consolidated Statement of Income
(in millions of euros)
Since Dec. 31, 2004 Dec. 31, 2003
acquisition
(June-Dec. 2004)
7 months 12 months 12 months
Sales 23.4 39.8 32.0
Cost of sales and selling, general
and administrative expense (20.7) (33.9) (28.3)
Operating income 2.7 5.9 3.7
Financial income (expense), net 0.1 (0.3)
Exceptional items
Income taxes (1.1) (2.3) (1.4)
Net income before minority interests 1.7 3.6 2.0
Minority interests
Net income 1.7 3.6 2.0
b) Consolidated Statement of Income
(Millions of Hong Kong dollars) (Millions of euros) *
Dec. 31, 2004 Dec. 31, 2003 Dec. 31, 2004 Dec. 31, 2003
Sales 1,047.50 903.2 108.2 102.8
Cost of sales (721.2) (598.6) (74.5) (68.1)
Selling, general and
administrative expenses (338.4) (304.8) (35.0) (34.7)
Operating (loss)/income (12.1) (0.2) (1.3) 0.0
Financial expense, net (9.2) (1.4) (1.0) (0.2)
Exceptional items (13.0) (7.5) (1.3) (0.9)
Income taxes (7.2) (3.0) (0.7) (0.3)
Net loss before minority interests (41.5) (12.1) (4.3) (1.4)
Minority interests (12.9) (9.3) (1.3) (1.1)
Net loss (54.4) (21.4) (5.6) (2.4)
* On the basis of the average exchange rate for the year 2004: HKD 1.00 =
0.103339 2003: HKD 1.00 =
0.113807