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LISI 2011 —
33
— financial report
Consolidated financial statements
Acquisitions of consolidated companies relate to the acquisition of the
companies CREUZET AERONAUTIQUE and INDRAERO SIREN and their
subsidiaries.
Disposals of consolidated companies resulted from the sale of LISI
COSMETICS.
The long-term loan issues relate mainly to loans taken out to finance
the acquisition of the CREUZET AERONAUTIQUE Group.
The underlying constituent of “Other current financial assets” may
have maturities greater than three months but their availability can be
achieved at any time and they do not pose a risk at the change in value.
1.4
Statement of shareholders’ equity
(In €’000)
Capital
stock
Capital-
linked
premiums
(note 7.3)
Treasury
shares
Consolidated
reserves
Conversion
reserves
Other income
and expenses
recorded
directly as
shareholders’
equity
Profit for
the period,
group share
Group’s
share of
shareholders’
equity
Minority
interests
Total
shareholders’
equity
Shareholders’ equity at January 1, 2010 21,508
69,853 (16,264)
378,745 (14,662)
2,159
9,422
450,764
(125)
450,639
Profit (loss) for the period N (a)
32,924
32,924
(161)
32,763
Translation differential (b)
12,270
12,270
54
12,324
Payments in shares (c)
789
232
1,021
1,021
Capital increase
65
950
1,015
389
1,404
Restatements of treasury shares (d)
1,236
627
1,864
1,864
Appropriation of N-1 earnings
9,422
(9,422)
Various *
(1,086)
(1,086)
(1,086)
Change in scope
Dividends distributed
(7,216)
(7,216)
(7,216)
Reclassification
(174)
(527)
(701)
701
Impact of deferred tax liabilities
relative to CVAE (Tax on Companies’
Added Value) (e)**
(1,391)
(1,391)
(1,391)
Shareholders’ equity at December 31,
2010
21,573
70,803 (15,202)
379,825
(2,392)
1,933
32,924
489,463
858
490,320
including total revenues and expenses
posted for the period
(a) + (b) + ( c) + (d) + (e)
789
12,270
859
32,924
46,843
Profit (loss) for the period N (a)
58,225
58,225
(147)
58,078
Translation differential (b)
4,050
4,050
(42)
4,008
Payments in shares (c)
979
979
979
Capital increase
Restatements of treasury shares (d)
(259)
113
(146)
(146)
Appropriation of N-1 earnings
32,924
(32,924)
Change in methods ***
(1,428)
(1,428)
(1,428)
Change in scope ****
789
789
Dividends distributed
(10,913)
(10,913)
(10,913)
Restatements of financial instruments
(f) *****
1,277
1,277
1,277
Various (e)
(454)
(454)
(454)
Shareholders’ equity at December 31,
2011
21,573
70,803 (15,461)
401,231
1,658
3,025
58,225
541,054
1,458
542,512
including total revenues and expenses
posted for the period
(a) + (b) + (c) + (d) + (e)
4,050
1,092
58,225
63,367
* This impact largely matches the calculation of the provisions for long-service medals of €1,706k.
** Impact of carried forward deferred tax Liabilities as determined by the accounting treatment of CVAE (Tax on Companies’ Added Value) on corporate tax in 2010.
*** This impact of €-1,428k corresponds to the change in method of stock valuation in the LISI AUTOMOTIVE.
**** This impact of €789k concerns the minority interests of LISI AEROSPACE CREUZET POLSKA 70% owned by CREUZET AERONAUTICS, acquired in 2011.
***** This impact of €1,277k corresponds to the valuation of foreign currency hedging instruments.