2012 Consolidated financial COMPTES CONSOLIDÉS. statements

Transcription

1 Consolidated financial COMPTES CONSOLIDÉS statements

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3 Consolidated 2012 financial statements / Income statement (in 000) 12/31/2012 % of sales 12/31/2011 % of sales 12/31/2010 % of sales Sales 258, % 263, % 249, % Goods & services purchased and change in inventories -35, % -36, % -33, % Gross profit 222, % 227, % 215, % Capitalized expenditures 32, % 32, % 28, % External expenses -46, % -45, % -45, % Value-added 209, % 213, % 198, % Taxes other than income taxes -7, % -7, % -6, % Personnel costs -140, % -142, % -131, % EBITDA 61, % 62, % 60, % Other ordinary income 1, % % % Other ordinary expenses -2, % -1, % -1, % Depreciation, amortization and provisions -38, % -33, % -32, % Income from ordinary activities 22, % 29, % 27, % Other operating income 2, % % 5, % Other operating expense -2, % -1, % -1, % Operating income 22, % 28, % 30, % Financial income % % % Financial expense -2, % -2, % -1, % Net financial expense -2, % -1, % -1, % Pre-tax income 20, % 26, % 29, % Income tax -6, % -9, % -9, % Share in net income of equity-accounted subsidiaries -1, Net income 12, % 16, % 19, % Net income attributable to parent company shareholders Net income attributable to non-controlling interests Average nbr. of shares (excl. treasury shares) EARNINGS PER SHARE ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS 12, % 16, % 19, % -1 8,802,393 8,807,171 8,810, Statement of comprehensive income (in 000) exchange differences Actuarial gains and losses -1, ,150 Securities measured at fair value -22 Hedging instruments measured at fair value -694 Deferred taxes Total income and expenses recognized during the period 10,812 16,200 18,520

4 Consolidated 2012 financial statements / Assets Net amounts (in 000) 12/31/ /31/ /31/2010 Goodwill 196, , ,352 Intangible assets Development costs 64,496 61,566 57,794 Customer relationships and brands 9,816 10,234 10,569 Other intangible assets 4,680 1,384 1,630 Property, plant & equipment Technical facilities, equipment and industrial supplies 785 3,814 2,788 Other property, plant & equipment 2,524 2,921 2,972 Non-current financial assets Financial assets measured at fair value Equity investments 102 5,550 Other non-current investments Loans and deposits 1,561 1,475 1,478 Other financial assets Equity-accounted subsidiaries 765 1,102 Other receivables 2,702 2, Deferred tax 2,196 2, Non-current assets 286, , ,262 Inventories and work-in-progress 674 1, Trade receivables and similar accounts 62,532 71,661 66,432 Other receivables and prepaid items Personnel Sales tax receivable 857 3,244 3,029 Income tax receivable 5, Other receivables 1,972 2, Prepaid expenses 3,618 3,620 2,811 Cash and cash equivalents 3,062 1,465 3,486 Current assets 79,311 84,088 78,245 Assets held for sale 320 TOTAL ASSETS 366, , ,507

5 Consolidated 2012 financial statements / Liabilities & shareholders equity Net amounts (in 000) 12/31/ /31/ /31/2010 Share capital 8,771 8,771 8,771 Share premium 95,241 95,241 95,241 Reserves 64,819 60,680 50,646 Net income for the year 12,607 16,178 19,291 Shareholders' equity attributable to parent company shareholders 181, , ,949 Non-controlling interests/reserves Non-controlling interests/earnings -1 Non-controlling interests Total shareholders' equity 181, , ,949 Financial liabilities (portion > 1 year) 69,224 63,528 69,441 Acquisition-related debt (portion > 1 year) 1,373 4,293 3,267 Deferred tax 5,482 5,436 4,420 Provisions for pension obligations and employee benefits 13,103 10,403 9,444 Other provisions (portion > 1 year) 454 Non-current liabilities 89,636 83,660 86,572 Provisions for other liabilities (portion < 1 year) 5,717 6,383 6,032 Financial liabilities (portion < 1 year) 2,503 1,746 1,935 Trade accounts payable & similar accounts 20,984 24,034 22,309 Tax and social security liabilities Personnel 37,018 39,949 35,256 Other taxes and employee-related liabilities 1,744 1,816 1,328 Sales tax payable 3,381 6,690 5,484 Income tax payable 2,765 1,323 2,123 Other liabilities Acquisition-related debt (portion < 1 year) 2, Payables related to acquired non-current assets (portion < 1 year) 1,199 1, Other liabilities and deferred revenue Other current liabilities 5,767 7,325 5,276 Deferred revenue 10,640 9,865 9,929 Current liabilities 94, ,596 89,986 Liabilities held for sale 535 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 366, , ,507

6 Consolidated 2012 financial statements / Cash flow statement (in 000) Net income 12,607 16,178 19,291 Share in net income of equity-accounted subsidiaries 1, Depreciation, amortization & provisions and elimination of non-cash revenue and expense items 35,557 34,552 26,735 Capital gains and losses on disposal of non-current assets Interest expense 1,216 1,484 1,166 Tax expense 6,858 9,878 9,732 Cash flow generated by the business 57,489 62,429 57,321 Interest paid -1,083-1,293-1,323 Tax paid -8,635-8,725-7,820 Cash flow after interest and tax paid 47,771 52,411 48,179 Change in inventories Change in accounts receivable 9,149-3,812-4,485 Change in other receivables 2,433-1, Change in trade payables -3, Change in other payables -8,629 7,477-1,337 Change in working capital requirement 111 2,157-5,631 Net cash from operating activities 47,882 54,568 42,548 Acquisition of intangible assets -35,760-32,908-29,902 Acquisition of property, plant & equipment -1,763-3,306-2,263 Acquisition of non-current financial assets , Acquisition of companies net of acquired cash -4,320-4,096-6,243 Disposal or decrease in non-current assets Net cash from investing activities -41,702-41,234-38,485 Issuance of redeemable share warrants (BAAR) 418 Acquisition of treasury shares -1,090 Dividends paid to parent company shareholders -9,252-9,250-9,246 Drawdowns under medium-term lines of credit 69,000 64,000 70,000 Repayment of medium-term lines of credit -64,000-70,000-68,000 Change in other financial debt Net cash from financing activities -5,304-15,058-6,914 Opening cash and cash equivalents 136 1,861 4,712 Change in cash and cash equivalents 876-1,724-2,851 Closing cash and cash equivalents 1, ,861 (in 000) 12/31/ /31/ /31/2010 Marketable securities 1,246 Cash 3,061 1,465 2,240 Bank overdrafts -2,049-1, Intercompany accounts (credit balances) -1,146 Closing cash and cash equivalents 1, ,861

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8 Cegid Group - 52 quai Paul Sédallian Lyon Cedex 09 - France - Tel: +33 (0) Société anonyme with share capital of 8,771, SIREN RCS Lyon - SIRET VAT EEC FR