40 Nr. No. 0222.343.301 Date of the deposition PP. 1 EUR E. D. C 1.1 ANNUAL ACCOUNT IN EURO (2 decimals) NAME: IVERLEK Legal form: Address: Aarschotsesteenweg Nr.: 58 Postal Code: 3012 City: Wilsele Country: Belgium Register of Legal Persons (RLP) - Office of the commercial court at: Leuven Internet address *: 0222.343.301 Company number: DATE 23/12/1982 of the deposition of the partnership deed OR of the most recent document mentioning the date of publication of the partnership deed and the act changing the articles of association. ANNUAL ACCOUNT approved by the General Meeting of concerning the financial year covering the period from Previous period from The amounts of the previous financial year are / 23/06/2009 1/01/2008 till 31/12/2008 1/01/2007 till 31/12/2007 are not ** identical to those which have been previously published. COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS Mariën Jef Stationsstraat 47, 2220 Heist-op-den-Berg, Belgium Title : President of the board of directors Debrael Jean A. Denystraat 69, 1650 Beersel, Belgium Title : Vice president of the board of directors Tobback Louis Goede Haardlaan 10, 3001 Heverlee, Belgium Title : Vice president of the board of directors Sarens André Achterdenken 6, 9255 Buggenhout, Belgium Title : Vice president of the board of directors Enclosed to these annual accounts: MANAGEMENT REPORT, REPORT OF THE COMMISSIONERS Total number of pages deposited: 44 Number of the pages of the standard form not deposited for not being of service: 5.1, 5.2.1, 5.2.3, 5.2.4, 5.3.4, 5.3.6, 5.4.1, 5.5.2, 5.16, 5.17.1, 5.17.2, 9 Signature (name and position) * Optional statement. ** Delete where appropriate. Signature (name and position) Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Geeraerts Virginia Brusselsesteenweg 199, 9090 Melle, Belgium Title : Secretaris Beuckelaers Harry Pastoor Somerslaan 31, 2870 Puurs, Belgium Title : Director Burms Jenny Vossenstraat 2, 9070 Destelbergen, Belgium Title : Director Castelein Roger Graafschaplaan 11, 3020 Herent, Belgium Title : Director Claeys Herman Eikauterstraat 37, 1761 Borchtlombeek, Belgium Title : Director Cools Mia Nieuwe Dreef 6, 2820 Rijmenam, Belgium Title : Director Daems Geert Langestraat 57, 2235 Hulshout, Belgium Title : Director De Backer Jean Statiestraat 83, box 11, 1740 Ternat, Belgium Title : Director De Blaiser Raf Keten 30 A, 2890 Sint-Amands, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) De Graef Martine Keizerstraat 2, 2860 Sint-Katelijne-Waver, Belgium Title : Director De Groof Chris Sergeant De Bruynestraat 27, 2140 Borgerhout (Antwerpen), Belgium Title : Director De Loose Miriam Vinkenlaan 14, 2920 Kalmthout, Belgium Title : Director Delacroix-Rolin Myriam Jonetlaan 12, 1640 Sint-Genesius-Rode, Belgium Title : Director Derveaux Pieter Parklaan 54, 1930 Zaventem, Belgium Title : Director Désiron Emile Bergstraat 13, 3370 Boutersem, Belgium Title : Director Destexhe Michel Hertogenlaan 112, 1970 Wezembeek-Oppem, Belgium Title : Director Dutordoir Sophie Pelikaanhof 5, 3090 Overijse, Belgium Title : Director Mandate : 9/03/2009 Fabri Edwin P. Ascanusstraat 115, 1730 Asse, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Florquin Marc E. Vanderveldestraat 80, 3290 Diest, Belgium Title : Director Geys Karel Zoutwerf 16, 2800 Mechelen, Belgium Title : Director Heyvaert Griet Konijnenstraat 19, 2870 Puurs, Belgium Title : Director Jacobs Paul Zoellaan 62, 3150 Haacht, Belgium Title : Director Joris Olivier Aucubaslaan 1, 1950 Kraainem, Belgium Title : Director Lambrechts Rumold Sint-Niklaasstraat 20, 2260 Westerlo, Belgium Title : Director Loonbeek Henri Waversesteenweg 110, 3360 Bierbeek, Belgium Title : Director Luyten Frans Oude Steenovenweg 11, 2230 Herselt, Belgium Title : Director Mertens Werner Kerkstraat 4, box 000, 3111 Wezemaal, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Meskens Gwendolijn Klaarstraat 47, 1745 Opwijk, Belgium Title : Director Mostaert Chantal Dooren 122, 1785 Merchtem, Belgium Title : Director Muyshondt Karel Zieldonklaan 11, 2830 Willebroek, Belgium Title : Director Oliviers Sonia Jubileumlaan 32, 3300 Tienen, Belgium Title : Director Peeraer Walter Roosendaelstraat 92, 1190 Vorst, Belgium Title : Vice president of the board of directors Mandate : - 28/02/2009 Peeters Leo Nachtegalenlaan 16, 1880 Kapelle-op-den-Bos, Belgium Title : Director Peetroons Cédric Fleurbeekstraat 35, 1620 Drogenbos, Belgium Title : Director Quintens-De Smedt Marcella Leeuwerikenstraat 12, 3078 Everberg, Belgium Title : Director Mandate : - 13/05/2009 Sedyn Paul Hollebeekstraat 54, 1630 Linkebeek, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Timmermans Johan Coxiestraat 15, box 2, 2800 Mechelen, Belgium Title : Director Timmermans Werner Gravenhoek 35, 2580 Putte, Belgium Title : Director Torry Willem Hauthem 48, 3320 Hoegaarden, Belgium Title : Director Triest Rita Laan I 78, 1770 Liedekerke, Belgium Title : Director Troucheau Tamara Basiliekstraat 119, 1500 Halle, Belgium Title : Director Uytterhoeven Els Charles Coppensstraat 88, 1560 Hoeilaart, Belgium Title : Director Valkeniers Michel Kouterstraat 83, 1703 Schepdaal, Belgium Title : Director Van Calster Wendy Stationsstraat 82, 3191 Hever, Belgium Title : Director Van den Berghe Gil Klein Akkerstraat 9, 2880 Bornem, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Van der Auwera Mil Testeltsesteenweg 16a, 3271 Averbode, Belgium Title : Director Van Hoof Louis Haachtsebaan 77, 3140 Keerbergen, Belgium Title : Director Van Nuffel Luc Pinksterbloemhof 31, 8301 Heist-aan-Zee, Belgium Title : Director Van Roost Louis Tervuursesteenweg 633, box 3, 1982 Elewijt, Belgium Title : Director Vandenplas Gerda Borheidestraat 17, 3040 Huldenberg, Belgium Title : Director Vander Elst Joel Kleinveld 23, 3080 Tervuren, Belgium Title : Director Vankelecom Ernest Schapenstraat 181, 1750 Lennik, Belgium Title : Director Vankerkhove Maria-Theresia Papenkant 5, 3201 Langdorp, Belgium Title : Director Vanlinthout Lieve Pastorijstraat 1, 1600 Sint-Pieters-Leeuw, Belgium Title : Director C 1.1 Nr. 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) Vansina Dirk Wijnbergenstraat 63, 3010 Kessel-Lo (Leuven), Belgium Title : Director Verbruggen Mark Meerstraat 280, 1840 Londerzeel, Belgium Title : Director Verstappen Eddy Kapellebaan 12, 2590 Berlaar, Belgium Title : Director Vranckx Leonard Veeweide 42, 3060 Bertem, Belgium Title : Director Willekens Sven Terspautlosweg 30, 3090 Overijse, Belgium Title : Director Willems Marc Lange Venstraat 28, 3128 Baal, Belgium Title : Director De Ridder Karel Moortebeekstraat 15, 1700 Dilbeek, Belgium Title : Other function Honorez Marc Leuvenselaan 32, 3300 Tienen, Belgium Title : Other function Verschaeren Marleen Eugeen Woutersstraat 55a, box 2, 2220 Heist-op-den-Berg, Belgium Title : Other function C 1.1 Nr. C 1.1 0222.343.301 LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page) KPMG Bedrijfsrevisoren CALL 0419.122.548 Bourgetlaan 40, 1130 Brussel 13, Belgium Title : Auditor, Number of membership : B00001 Represented by: Berger Pierre Louislei 69 , 2930 Brasschaat, Belgium Number of membership : A00557 Nr. C 1.2 0222.343.301 DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions. Have the annual accounts been audited or adjusted by an external accountant or auditor who is not a statutory auditor ? YES / NO *. If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement: A. Bookkeeping of the undertaking**, B. Preparing the annual accounts**, C. Auditing the annual accounts and/or D. Adjusting the annual accounts. If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement. Name, first name, profession, residence-address * Delete where appropriate. ** Optional disclosure. Number of membership Nature of the engagement (A, B, C and/or D) Toel. Nr. C 2.1 0222.343.301 BALANCE SHEET Notes Codes Period Previous period ASSETS FIXED ASSETS ...................................................................... Formation expenses ............................................................ .......... Intangible fixed assets ........................................................ .............. Tangible fixed assets ......................................................... ............. Land and buildings ............................................................ 20/28 1.233.621.989,96 1.193.066.513,64 5.1 20 5.2 21 5.3 22/27 1.232.260.332,51 22 31.562.361,07 31.723.859,61 Plant, machinery and equipment ...................................... 23 1.182.061.928,55 1.140.583.227,03 Furniture and vehicles ....................................................... 24 16.461.532,09 16.398.956,64 Leasing and other similar rights ........................................ 25 Other tangible fixed assets ................................................ 26 2.174.510,80 2.485.155,20 Assets under construction and advance payments ............ 27 Financial fixed assets ......................................................... .......... Affiliated enterprises ......................................................... .......... Participating interests ................................................. .................. Amounts receivable .................................................... ............... Other enterprises linked by participating interests ............ Participating interests ................................................. .................. Amounts receivable .................................................... ............... Other financial assets ....................................................... ............ Shares ....................................................................... . Amounts receivable and cash guarantees ................. ................. ................. CURRENT ASSETS ............................................................... ................. .... .... Amounts receivable after more than one year .................... .................... Trade debtors .................................................................. .................... . Other amounts receivable ............................................... ....... .................... Stocks and contracts in progress ........................................ ........................... Stocks .............................................................................. ......... Raw materials and consumables ............................... ............................... Work in progress ........................................................ ......................... ............................... Finished goods .......................................................... ............................. Goods purchased for resale ....................................... ....................................... Immovable property intended for sale ........................ ......... Advance payments .................................................... ................................... Contracts in progress ........................................................ ............................... Amounts receivable within one year .................................... ............................... Trade debtors .................................................................. . Other amounts receivable ............................................... .................... Current investments .......................................................... ........................ Own shares ...................................................................... ............ Other investments and deposits ....................................... ....................................... Cash at bank and in hand .................................................... .... ............... Deferred charges and accrued income ............................... ............................... ..... .................................................................. TOTAL ASSETS . 5.4/ 5.5.1 28 5.14 280/1 1.360,71 1.361.657,45 1.191.191.198,48 1.873.954,45 280 281 5.14 282/3 282 1.361.409,56 1.361.409,56 1.873.706,56 1.873.706,56 283 284/8 247,89 247,89 284 285/8 29/58 29 247,89 247,89 175.469.931,28 171.881.068,53 8.342.085,08 10.016.300,60 290 291 3 8.342.085,08 3.346.698,30 10.016.300,60 2.538.364,52 30/36 30/31 32 33 34 35 36 37 5.5.1/ 5.6 40/41 3.346.698,30 43.526.465,80 2.538.364,52 57.421.921,36 40 41.432.161,94 49.977.397,61 41 2.094.303,86 7.444.523,75 50/53 50 51/53 5.6 54/58 3.376.152,82 3.425.615,23 490/1 116.878.529,28 98.478.866,82 20/58 1.409.091.921,24 1.364.947.582,17 Nr. C 2.2 0222.343.301 EQUITY AND LIABILITIES Notes EQUITY ................................................................................. Capital .................................................................................. Issued............ capital ................................................................... Uncalled capital........................... ............................................................... ............................... Share premium account ....................................................... ............... Revaluation surpluses ........................................................ .............. Reserves ................................................................................. ............ Legal reserve ................................................................... .......................... Reserves not available ................................................... .......................................... In respect of own shares held .................................... Other ......................................................................... .................................... .................... ..................... Untaxed reserves ............................................................. ........................... Current portion of amounts payable after more than one year falling due within one year.......................................... Financial debts ................................................................. ....... Credit institutions ........................................................ ................ Other loans ............................................................... ......... Trade debts....................................................................... . Suppliers ................................................................... ..... Bills of exchange payable............................................ ............................ Advances received on contracts in progress ................... ................... Taxes, remuneration and social security .......................... ................... .......................... Taxes ........................................................................ .......... ............... Remuneration and social security .............................. .............................. Other amounts payable .................................................... ....... .................... Accrued charges and deferred income ............................... ............................... TOTAL LIABILITIES ......................................................... ..... .......... Period 764.434.170,75 Previous period 766.883.315,57 10 100 101 11 12 13 428.702.173,00 428.702.173,00 428.702.173,00 428.702.173,00 250.560.147,23 79.192.088,58 264.672.311,35 60.013.924,46 130 131 1310 1311 45.100,00 38.398.005,50 10/15 5.7 38.398.005,50 45.100,00 24.285.841,38 24.285.841,38 132 ................................ Available reserves ............................................................ ................................. Accumulated profits (losses) ......................................(+)/(-) Investment grants ............................................................... ....... Advance to associates on the sharing out of the assets .................................................................. ............................ PROVISIONS AND DEFERRED TAXES ............................... ............................... Provisions for liabilities and charges ................................ ............................... ................................ Pensions and similar obligations ....................................... . .............................. ....................................... Taxation ........................................................................... ................ ................... Major repairs and maintenance ......................................... ......................................... Other liabilities and charges ............................................... ............ ............................................... Deferred taxes ...................................................................... .. AMOUNTS PAYABLE .......................................................... .......................... Amounts payable after more than one year ........................ ........................ Financial debts ................................................................. ................... ....... Subordinated loans .................................................... .................... Unsubordinated debentures ........................................ ................................ Leasing and other similar obligations .......................... .......................... Credit institutions ........................................................ .................... ................ Other loans ............................................................... ......... Trade debts ....................................................................... . Suppliers ................................................................... ..... Bills of exchange payable ............................................ ............................ Advances received on contracts in progress .................... .................... Other amounts payable .................................................... .................... .................... ............ Amounts payable within one year ........................................ Codes 133 14 40.748.983,08 5.979.761,94 35.682.983,08 13.494.906,76 15 19 16 7.629.508,67 8.014.251,55 160/5 7.629.508,67 8.014.251,55 160 161 162 5.8 163/5 7.629.508,67 8.014.251,55 168 17/49 5.9 17 170/4 637.028.241,82 441.535.711,89 441.535.711,89 590.050.015,05 456.161.151,58 456.127.988,38 170 171 172 173 441.535.711,89 456.127.988,38 174 175 1750 1751 176 178/9 42/48 5.9 33.163,20 193.234.368,38 42 14.863.626,25 43 133.918.779,83 130.398.598,88 14.070.453,98 430/8 439 44 440/4 133.918.779,83 26.393.777,52 26.393.777,52 35.281.311,75 35.281.311,75 441 5.9 46 6.723.917,45 6.654.038,82 45 3.731.353,74 3.679.684,11 450/3 3.689.436,28 3.605.127,13 454/9 41.917,46 74.556,98 47/48 5.9 7.602.913,59 70.713.110,22 492/3 2.258.161,55 3.490.264,59 10/49 1.409.091.921,24 1.364.947.582,17 Nr. C 3 0222.343.301 INCOME STATEMENT Operating income .................................................................. .......... Turnover ........................................................................... Notes Codes 5.10 70/74 Period 315.054.546,10 Previous period 302.026.237,45 70 300.593.594,37 294.356.420,06 Increase (decrease) in stocks of finished goods, work and contracts in progress .........(+)/(-) 71 808.333,78 -182.840,15 Own construction capitalised .......................................... .............................. Other operating income ..................................................... ................... Operating charges ............................................................... ............. Raw materials, consumables .............................................. .............................. Purchases .................................................................. .......... Decrease (increase) in stocks ............................(+)/(-) 72 13.652.617,95 7.852.657,54 Services and other goods .................................................. .......................... Remuneration, social security costs and pensions ....(+)/(-) 74 60/64 60 600/8 241.881.633,31 69.659.613,71 238.033.337,01 52.309.695,14 69.659.613,71 52.309.695,14 61 117.605.347,88 108.312.575,78 62 1.000,00 1.000,00 46.833.896,98 44.546.729,51 609 5.10 Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets ................... 630 Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) .............(+)/(-) 5.10 631/4 -727.976,53 1.216.990,68 Provisions for risks and charges - Appropriations (uses and write-backs) ........................................................(+)/(-) 5.10 635/7 -384.742,88 39.716,07 5.10 640/8 8.894.494,15 31.606.629,83 Other operating charges .................................................... ........................ Operation charges carried to assets as restructuring costs ............................................................................. (-) 649 Operating profit (loss) .................................................(+)/(-) 9901 Financial income ................................................................... ...... Income from financial fixed assets .................................... .................................... Income from current assets .............................................. .... .............................. Other financial income ....................................................... ..................... 75 Financial charges ................................................................. .. Debt charges ..................................................................... ....... Amounts written down on current assets except stocks, contracts in progress and trade debtors .............................................................(+)/(-) Other financial charges ....................................................... ..................... Gain (loss) on ordinary activities before taxes ........ (+)/(-) 73.172.912,79 522.280,76 63.992.900,44 739.950,73 750 9.320,76 9.965,29 751 416.005,18 638.384,94 96.954,82 91.600,50 5.11 752/9 5.11 65 650 21.437.278,56 18.359.795,63 21.426.290,58 18.349.964,71 10.987,98 9.830,92 651 652/9 9902 52.257.914,99 46.373.055,54 Nr. C 3 0222.343.301 Codes Extraordinary income ............................................................. ........ Write-back of depreciation and of amounts written down intangible and tangible fixed assets ................................... ................................... Write-back of amounts written down financial fixed assets .. ...... Write-back of provisions for extraordinary liabilities and charges ............................................................................ 76 Gains on disposal of fixed assets ..................................... ..................................... Other extraordinary income ............................................... .. ............................. Extraordinary charges ........................................................... ........... Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets ....................................................................... ..... Amounts written down financial fixed assets .................... .................... Provisions for extraordinary liabilities and charges .................... Appropriations (uses) ..............................................(+)/(-) ................ Loss on disposal of fixed assets ....................................... ..................................... Other extraordinary charges ............................................. ............................... Extraordinary charges carried to assets as restructuring costs ............................................................................(-) 763 Previous period 60.893.482,77 760 51.380.435,71 761 762 764/9 66 9.513.047,06 201.445,18 660 70.205.824,60 310.644,40 661 662 663 5.11 664/8 201.445,18 69.895.180,20 669 Profit (loss) for the period before taxes ......................(+)/(-) 9903 Transfer from postponed taxes ............................................ ......................... Transfer to postponed taxes ................................................. ..................... Income taxes ........................................................................... . Income taxes ..................................................................... ....... Adjustment of income taxes and write-back of tax provisions ........................................................................... . Profit (loss) for the period .............................................(+)/(-) 780 Transfer from untaxed reserves ............................................ .......................... Transfer to untaxed reserves ................................................. ..................... Profit (loss) for the period available for appropriation (+)/(-) Period 52.056.469,81 37.060.713,71 1.991.886,13 834.296,17 680 5.12 67/77 670/3 1.991.886,13 834.296,17 77 9904 50.064.583,68 36.226.417,54 50.064.583,68 36.226.417,54 789 689 9905 Nr. C 4 0222.343.301 APPROPRIATION ACCOUNT Codes Profit (loss) to be appropriated .........................................................(+)/(-) 9906 Period 63.559.490,44 Previous period 71.939.403,05 Gain (loss) to be appropriated .......................................................(+)/(-) (9905) 50.064.583,68 36.226.417,54 Profit (loss) to be carried forward ...................................................(+)/(-) 14P 13.494.906,76 35.712.985,51 Transfers from capital and reserves .......................................................... ........... from capital and share premium account ............................................... ...................... from reserves .......................................................................................... ..................... Transfers to capital and reserves .............................................................. ....... to capital and share premium account ..................................................... 791/2 to the legal reserve .................................................................................. 6920 to other reserves ..................................................................................... 6921 16.088.159,37 791 792 691/2 16.088.159,37 5.066.000,00 28.917.759,60 691 Profit (loss) to be carried forward .....................................................(+)/(-) (14) Owner's contribution in respect of losses .............................................. ....................... Profit to be distributed ............................................................................... ...................... Dividends .................................................................................................. 794 Director's or manager's entitlements ......................................................... 695 Other beneficiaries .................................................................................. 696 694/6 694 5.066.000,00 5.979.761,94 52.513.728,50 52.513.728,50 28.917.759,60 13.494.906,76 45.614.896,06 45.614.896,06 Nr. C 5.2.2 0222.343.301 Codes Period Previous period CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS Acquisition value at the end of the period .............................................. ........................ Movements during the period 8052P Acquisitions, including produced fixed assets ....................................... 8022 Sales and disposals .............................................................................. 8032 Transfers from one heading to another ....................................... (+)/(-) 8042 Acquisition value at the end of the period .............................................. ........................ 8052 Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... ....... Recorded .............................................................................................. ....... Written back ........................................................................................ ....... ....... Acquisitions from third parties .............................................................. ....... Cancelled owing to sales and disposals ................................................ ....... ....... Transfers from one heading to another ....................................... (+)/(-) 8122P Depreciation and amounts written down at the end of the period ........ ........ ........ NET BOOK VALUE AT THE END OF THE PERIOD ................................. ........ ................................. ........ .... ........ ........ ........ ........ ........ ........ ... 8122 xxxxxxxxxxxxxxx 563.183,00 3.159.633,78 xxxxxxxxxxxxxxx 8072 8082 8092 8102 561.822,29 8112 211 3.722.816,78 3.159.633,78 3.721.456,07 Nr. C 5.3.1 0222.343.301 STATEMENT OF TANGIBLE FIXED ASSETS Codes Period Previous period LAND AND BUILDINGS Acquisition value at the end of the period .............................................. ........................ Movements during the period 8191P xxxxxxxxxxxxxxx Acquisitions, including produced fixed assets ....................................... 8161 1.103.161,49 Sales and disposals .............................................................................. 8171 1.796.777,50 Transfers from one heading to another ....................................... (+)/(-) 8181 -10.872,46 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8191 40.103.932,61 8251P Recorded .............................................................................................. 8211 Acquisitions from third parties .............................................................. 8221 Cancelled .............................................................................................. 8231 Transfers from one heading to another ........................................(+)/(-) 8241 Revaluation surpluses at the end of the period ..................................... ................................. 8251 Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... ....... 8321P 8271 xxxxxxxxxxxxxxx 40.808.421,08 3.456.613,95 -69.160,61 3.387.453,34 xxxxxxxxxxxxxxx 704.632,09 8281 8291 8301 1.246.239,42 8311 -70.543,21 8321 11.929.024,88 (22) 31.562.361,07 12.541.175,42 Nr. C 5.3.2 0222.343.301 Codes Period Previous period PLANT, MACHINERY AND EQUIPMENT Acquisition value at the end of the period .............................................. ........................ Movements during the period 8192P xxxxxxxxxxxxxxx Acquisitions, including produced fixed assets ....................................... 8162 88.563.627,79 Sales and disposals .............................................................................. 8172 14.035.401,39 Transfers from one heading to another ....................................... (+)/(-) 8182 10.872,46 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8192 1.553.733.180,20 8252P xxxxxxxxxxxxxxx Recorded .............................................................................................. 8212 Acquisitions from third parties .............................................................. 8222 Cancelled .............................................................................................. 8232 Transfers from one heading to another ........................................(+)/(-) 8242 Revaluation surpluses at the end of the period ..................................... ................................. 8252 391.353.616,68 Depreciation and amounts written down at the end of the period ....... ....... ....... Movements during the period ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... ....... 8322P xxxxxxxxxxxxxxx 8272 41.802.952,51 8292 8302 8.743.937,77 8312 -6.981.053,37 (23) 398.336.052,65 -6.982.435,97 8282 8322 1.479.194.081,34 763.024.868,33 1.182.061.928,55 736.946.906,96 Nr. C 5.3.3 0222.343.301 Codes Period Previous period FURNITURE AND VEHICLES Acquisition value at the end of the period .............................................. ........................ Movements during the period 8193P xxxxxxxxxxxxxxx Acquisitions, including produced fixed assets ....................................... 8163 4.130.825,54 Sales and disposals .............................................................................. 8173 1.214.941,12 Transfers from one heading to another ....................................... (+)/(-) 8183 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8193 8253P 38.959.813,10 41.875.697,52 xxxxxxxxxxxxxxx Recorded .............................................................................................. 8213 Acquisitions from third parties .............................................................. 8223 Cancelled .............................................................................................. 8233 Transfers from one heading to another ........................................(+)/(-) 8243 Revaluation surpluses at the end of the period ..................................... ................................. 8253 Depreciation and amounts written down at the end of the period ....... ....... ....... Movements during the period ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... ....... 8323P xxxxxxxxxxxxxxx 8273 4.015.667,98 219.788,73 -4.485,48 215.303,25 8283 8293 8303 1.162.359,01 8313 -4.485,48 8323 25.629.468,68 (24) 16.461.532,09 22.780.645,19 Nr. C 5.3.5 0222.343.301 Codes Period Previous period OTHER TANGIBLE FIXED ASSETS Acquisition value at the end of the period .............................................. ........................ Movements during the period 8195P Acquisitions, including produced fixed assets ....................................... 8165 Sales and disposals .............................................................................. 8175 Transfers from one heading to another ....................................... (+)/(-) 8185 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8195 8255P Recorded .............................................................................................. 8215 Acquisitions from third parties .............................................................. 8225 Cancelled .............................................................................................. 8235 Transfers from one heading to another ........................................(+)/(-) 8245 Revaluation surpluses at the end of the period ..................................... ................................. 8255 Depreciation and amounts written down at the end of the period ....... ....... ....... Movements during the period ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... ....... 8325P 8275 xxxxxxxxxxxxxxx 3.106.444,00 xxxxxxxxxxxxxxx xxxxxxxxxxxxxxx 310.644,40 8285 8295 8305 8315 8325 (26) 3.106.444,00 931.933,20 2.174.510,80 621.288,80 Nr. C 5.4.2 0222.343.301 Codes Period Previous period OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period .............................................. ........................ Movements during the period 8392P Acquisitions, including produced fixed assets ....................................... 8362 Sales and disposals .............................................................................. 8372 Transfers from one heading to another ....................................... (+)/(-) 8382 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8392 8452P Recorded .............................................................................................. 8412 Acquisitions from third parties .............................................................. 8422 Cancelled .............................................................................................. 8432 Transfers from one heading to another ........................................(+)/(-) 8442 Revaluation surpluses at the end of the period ..................................... ................................. 8452 Amounts written down et the end of the period ..................................... ..................................... ................. Movements during the period 8522P Recorded .............................................................................................. 8472 Written back ........................................................................................ 8482 Acquisitions from third parties .............................................................. 8492 Cancelled owing to sales and disposals ................................................ 8502 Transfers from one heading to another ........................................(+)/(-) 8512 Amounts written down at the end of the period ..................................... ..................................... ................. Uncalled amounts at the end of the period ............................................. ............................................. Movements during the period .........................................................(+)/(-) . 512.297,00 1.361.409,56 xxxxxxxxxxxxxxx xxxxxxxxxxxxxxx 8522 8552P xxxxxxxxxxxxxxx 8542 Uncalled amounts at the end of the period ............................................. ............................................. . NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. ......................... OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS AMOUNTS RECEIVABLE 8552 NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. Movements during the period ......................... Additions ............................................................................................... 283P Repayments .......................................................................................... 8592 Amounts written down ........................................................................... 8602 Amounts written back ............................................................................ 8612 Exchange differences ..................................................................(+)/(-) 8622 Other ...........................................................................................(+)/(-) 8632 NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS ......................... RECEIVABLE AT THE END OF THE PERIOD ........................................... ........................................... ..... xxxxxxxxxxxxxxx (282) 8582 (283) 8652 1.361.409,56 xxxxxxxxxxxxxxx 1.873.706,56 Nr. C 5.4.3 0222.343.301 Codes Period Previous period OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period .............................................. ........................ Movements during the period 8393P Acquisitions, including produced fixed assets ....................................... 8363 Sales and disposals .............................................................................. 8373 Transfers from one heading to another ....................................... (+)/(-) 8383 Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period 8393 8453P Recorded .............................................................................................. 8413 Acquisitions from third parties .............................................................. 8423 Cancelled .............................................................................................. 8433 Transfers from one heading to another ........................................(+)/(-) 8443 Revaluation surpluses at the end of the period ..................................... ................................. 8453 Amounts written down at the end of the period ..................................... ..................................... ................. Movements during the period 8523P Recorded .............................................................................................. 8473 Written back ........................................................................................ 8483 Acquisitions from third parties .............................................................. 8493 Cancelled owing to sales and disposals ................................................ 8503 Transfers from one heading to another ........................................(+)/(-) 8513 Amounts written down at the end of the period ..................................... ..................................... ................. Uncalled amounts at the end of the period ............................................. ............................................. Movements during the period .........................................................(+)/(-) . xxxxxxxxxxxxxxx xxxxxxxxxxxxxxx 8523 8553P xxxxxxxxxxxxxxx 8543 Uncalled amounts at the end of the period ............................................. ............................................. . NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. OTHER ENTERPRISES - AMOUNTS RECEIVABLE ......................... 8553 NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. Movements during the period ......................... Additions ............................................................................................... 285/8P (284) xxxxxxxxxxxxxxx 8583 Repayments .......................................................................................... 8593 Amounts written down ........................................................................... 8603 Amounts written back ............................................................................ 8613 Exchange differences ..................................................................(+)/(-) 8623 Other ...........................................................................................(+)/(-) 8633 NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS ......................... RECEIVABLE AT THE END OF THE PERIOD ........................................... ........................................... ..... xxxxxxxxxxxxxxx (285/8) 8653 247,89 247,89 Nr. C 5.5.1 0222.343.301 INFORMATION RELATING TO THE SHARE IN THE CAPITAL SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued. Information from the most recent period for which annual accounts are available Shares held by NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER subsidiaries directly Number % % Eandis CALL Brusselsesteenweg 199 9090 Melle Belgium 0477.445.084 Primary financial statement 31/12/2007 67701 19,43 0,00 Net result Mone- Capital and reserves tary (+) or (-) unit (in monetary units) EUR 20.405 0 Nr. C 5.6 0222.343.301 OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS) Codes Period Previous period INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS Shares ....................................................................................................................... .......... Book value increased with the uncalled amount .................................................... Uncalled amount ................................................................................................... 51 8681 8682 Fixed income securities ............................................................................................ ........................ Fixed income securities issued by credit institutions ............................................. 52 Fixed term deposit with credit institutions ............................................................. ....................................................... Falling due 53 8684 less or up to one month .................................................................................. 8686 between one month and one year ................................................................... 8687 over one year .................................................................................................. 8688 Other investments not yet shown seperately ......................................................... ......................................................... .. 8689 Period DEFFERED CHARGES AND ACCRUED INCOME Allocation of heading 490/1 of assets if the amount is significant. Deferred charges 67.638.237,27 Accrued income 49.240.292,01 Nr. C. 5.7 0222.343.301 STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS Codes Period Issued capital at the end of the period .................................................... 100P XXXXXXXXXXXXXX Issued capital at the end of the period .................................................... (100) STATEMENT OF CAPITAL Previous period Social capital Codes 428.702.173,00 428.702.173,00 Amounts Number of shares Changes during the period: Structure of the capital Different categories of shares Shares Ae 259.192.784,00 9.895.273 Shares Ag 169.509.389,00 6.282.194 16.177.467 Registered shares.................................................................................................. 8702 XXXXXXXXXXXXXX Bearer shares and/or dematerialized shares.......................................................... 8703 XXXXXXXXXXXXXX Codes Uncalled capital Capital called, but not paid Capital not paid Uncalled capital ....................................................................................... (101) Capital called, but not paid ...................................................................... 8712 XXXXXXXXXXXXXX XXXXXXXXXXXXXX Shareholders having yet to pay up in full Codes OWN SHARES Held by the company itself Amount of capital held ...................................................................................................................... ....................... Number of shares held ...................................................................................................................... ....................... Held by the subsidiaries Amount of capital held ...................................................................................................................... ....................... Number of shares held ...................................................................................................................... ....................... 8721 8722 8731 8732 Commitments to issue shares Following the exercising of CONVERSION RIGHTS Amount of outstanding convertible loans ........................................................................................ ..................................................... Amount of capital to be subscribed ................................................................................................. ............................................ Corresponding maximum number of shares to be issued .............................................................. .............................................................. Following the exercising of SUBSCRIPTION RIGHTS ................. Number of outstanding subscription rights ...................................................................................... ....................................................... Amount of capital to be subscribed ................................................................................................. ............................................ Corresponding maximum number of shares to be issued ............................................................... ............................................................... ............... Authorized capital, not issued ................................................................................................................. ............................ 8740 8741 8742 8745 8746 8747 8751 Period Nr. C. 5.7 0222.343.301 STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS Codes Period Shared issued, not representing capital Distribution Number of shares held .................................................................................................................. ........................... Number of voting rights attached thereto ........................................................................................ ..................................................... Allocation by shareholder ................................................................................. ............................................................ ...................................................................................... ....................................................... 8761 8762 Number of shares held by the company itself 8771 Number of shares held by its subsidairies 8781 103 Nr. 0222.343.301 C 5.8 PROVISIONS FOR OTHER LIABILITIES AND CHARGES Period ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE Electricity 2.677.156,16 Gas 4.952.352,51 Nr. C 5.9 0222.343.301 STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME Codes Period Financial debts .......................................................................................................................................... 8801 14.863.626,25 Subordinated loans ............................................................................................................................. 8811 Unsubordinated debentures ................................................................................................................ 8821 Leasing and other similar obligations .................................................................................................. 8831 Credit institutions ................................................................................................................................ 8841 Other loans ......................................................................................................................................... 8851 Trade debts ............................................................................................................................................... . Suppliers ............................................................................................................................................. 8861 Bills of exchange payable .................................................................................................................... 8881 Advance payments received on contracts in progress ............................................................................... Other amounts payable ............................................................................................................................. 8891 ANALYSIS BY CURRENT PORTIONS OF AMOUNTS INITIALLY PAYABLE AFTER MORE THAN ONE YEAR Amounts payable after more than one year, not more than one year Total amounts payable after more than one year, not more than one year ............................................... ...................... 14.863.626,25 8871 8901 (42) 14.863.626,25 Amounts payable after more than one year, between one and five years Financial debts .......................................................................................................................................... 8802 Subordinated loans ............................................................................................................................. 8812 Unsubordinated debentures ................................................................................................................ 8822 Leasing and other similar obligations .................................................................................................. 8832 Credit institutions ................................................................................................................................ 8842 Other loans ......................................................................................................................................... 8852 Trade debts ............................................................................................................................................... . Suppliers ............................................................................................................................................. 8862 140.640.741,05 140.640.741,05 8872 Bills of exchange payable .................................................................................................................... 8882 Advance payments received on contracts in progress ............................................................................... Other amounts payable ............................................................................................................................. 8892 Total amounts payable after more than one year, between one and five years ...................................... ...................................... ...................................... Amounts payable after more than one year, over five years ...................................... Financial debts .......................................................................................................................................... .......... Subordinated loans ............................................................................................................................. 8912 8902 8803 140.640.741,05 300.894.970,84 8813 Unsubordinated debentures ................................................................................................................ 8823 Leasing and other similar obligations .................................................................................................. 8833 Credit institutions ................................................................................................................................ 8843 Other loans ......................................................................................................................................... 8853 Trade debts ............................................................................................................................................... . Suppliers ............................................................................................................................................. 8863 300.894.970,84 8873 Bills of exchange payable .................................................................................................................... 8883 Advance payments received on contracts in progress ............................................................................... 8893 Other amounts payable ............................................................................................................................. 8903 Total amounts payable after more than one year, over five years ............................................................. ............................................................. ............................ 8913 300.894.970,84 Nr. C 5.9 0222.343.301 Codes Period Financial debts .......................................................................................................................................... 8921 26.779.183,61 Subordinated loans ............................................................................................................................. 8931 Unsubordinated debentures ................................................................................................................ 8941 Leasing and other similar obligations .................................................................................................. 8951 Credit institutions ................................................................................................................................ 8961 AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities) Amounts payable guaranteed by Belgian public authorities Other loans ......................................................................................................................................... 8971 Trade debts ............................................................................................................................................... . Suppliers ............................................................................................................................................. 8981 Bills of exchange payable .................................................................................................................... 9001 Advance payments received on contracts in progress ............................................................................... Remuneration and social security .............................................................................................................. Other amounts payable ............................................................................................................................. 9011 Total amounts payable guaranteed by Belgian public authorities ............................................................. ........ 26.779.183,61 8991 9021 9051 9061 26.779.183,61 Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets Financial debts .......................................................................................................................................... 8922 Subordinated loans ............................................................................................................................. 8932 Unsubordinated debentures ................................................................................................................ 8942 Leasing and other similar obligations .................................................................................................. 8952 Credit institutions ................................................................................................................................ 8962 Other loans ......................................................................................................................................... 8972 Trade debts ............................................................................................................................................... . Suppliers ............................................................................................................................................. 8982 8992 Bills of exchange payable .................................................................................................................... 9002 Advance payments received on contracts in progress ............................................................................... Taxes, remuneration and social security ................................................................................................... 9012 Taxes .................................................................................................................................................. 9032 Remuneration and social security ....................................................................................................... 9042 Other amounts payable ............................................................................................................................. 9052 Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets........................................................................................................................... .. AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY 9022 9062 Taxes (heading 450/3 of the liabilities) Expired taxes payable ............................................................................................................................. 9072 Non expired taxes payable ........................................................................................................................ 9073 Estimated taxes payable ........................................................................................................................... 450 3.514.469,93 174.966,35 Remuneration and social security (heading 454/9 of the liabilities) Amount due to the National Office of Social Security ............................................................................... 9076 Other amounts payable relating to remuneration and social security ......................................................... 9077 41.917,46 Nr. 0222.343.301 C 5.9 Period ACCRUED CHARGES AND DEFERRED INCOME Allocation of the heading 492/3 of liabilities if the amount is considerable Accrued charges 1.141.104,21 Deferred income 1.117.057,34 Nr. C 5.10 0222.343.301 OPERATING RESULTS Codes Period Previous period OPERATING INCOME Net turnover Broken down by categories of activity Allocation into geographical markets Other operating income Total amount of subsidies and compensatory amounts obtained from public authorities ............................................................................................................ 740 OPERATING COSTS Employees recorded in the personnel register Total number at the closing date ........................................................................... 9086 1 1 Average number of employees calculated in full-time equivalents ......................... 9087 0,5 0,5 Number of actual worked hours ............................................................................. 9088 988 988 1.000,00 1.000,00 Personnel costs Remuneration and direct social benefits ............................................................... 620 Employers' social security contributions ................................................................ 621 Employers' premiums for extra statutory insurances ............................................. 622 Other personnel costs ........................................................................................... 623 Old-age and widows' pensions .............................................................................. 624 Provisions for pensions Additions (uses and write-back) ................................................................. (+)/(-) 635 Amounts written off Stocks and contracts in progress Recorded ....................................................................................................... 9110 Written back .................................................................................................. 9111 Trade debtors Recorded ....................................................................................................... 9112 1.437.636,36 1.900.054,41 Written back .................................................................................................. 9113 2.165.612,89 683.063,73 Provisions for risks and charges Additions .............................................................................................................. 9115 Uses and write-back ............................................................................................ 9116 384.742,88 1.169.080,00 1.129.363,93 Taxes related to operation ................................................................................... 640 722.349,01 24.753.968,54 Other charges ...................................................................................................... 641/8 8.172.145,14 6.852.661,29 Other operating charges Hired temporary staff and persons placed at the enterprise's disposal Total number at the closing date .......................................................................... 9096 Average number calculated as full-time equivalents ............................................ 9097 Number of actual worked hours ........................................................................... 9098 Charges to the enterprise .................................................................................... 617 Nr. C 5.11 0222.343.301 FINANCIAL AND EXTRAORDINARY RESULTS Codes Period Previous period FINANCIAL RESULTS Other financial income Amount of subsidies granted by public authorities, credited to income for the period Capital subsidies ........................................................................................... 9125 Interest subsidies .......................................................................................... 9126 Allocation of other financial income Various financial income Amounts written down off loan issue expenses and repayment premiums ....... ....... Interests recorded as assets .................................................................................. ....... ........ ....... Value adjustments to current assets ....... ....... Appropriations ...................................................................................................... ....... Write-backs ......................................................................................................... ....... ....... Other financial charges ....... Amount of the discount borne by the enterprise, as a result of negotiating ....... amounts receivable .............................................................................................. ....... ..... Provisions of a financial nature 96.954,82 91.600,50 6501 6503 6510 6511 653 Appropriations ...................................................................................................... 6560 Uses and write-backs ........................................................................................... 6561 Period EXTRAORDINARY RESULTS Allocation other extraordinary income Allocation other extraordinary charges Bonus/Malus 2007 Gas 201.445,18 Nr. C 5.12 0222.343.301 INCOME TAXES AND OTHER TAXES Codes Period INCOME TAXE Income taxes on the result of the current period 9134 1.991.886,13 Income taxes paid and withholding taxes due or paid ............................................................................... 9135 1.869.170,29 Excess of income tax prepayments and withholding taxes recorded under assets .................................... 9136 Estimated additional taxes ........................................................................................................................ 9137 Income taxes on previous periods 122.715,84 9138 Taxes and withholding taxes due or paid ................................................................................................... 9139 Estimated additional taxes estimated or provided for ................................................................................ 9140 In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit An indication of the effect of extraordinary results on the amount of income taxes relating to the current period Reduction of tax amounted to 9.336,90 EUR Codes Period Status of deferred taxes Deferred taxes representing assets ........................................................................................................... 9141 Accumulated tax losses deductible from future taxable profits ............................................................ 9142 Other deferred taxes representing assets Deferred taxes representing liabilities ........................................................................................................ Allocation of deferred taxes representing liabilities 9144 Codes Period Previous Period THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES The total amount of value added tax charged To the enterprise (deductible) .............................................................................. 9145 66.453.974,57 67.946.429,44 By the enterprise .................................................................................................. 9146 94.422.856,25 84.202.005,59 Amounts retained on behalf of third parties for Payroll withholding taxes ...................................................................................... 9147 85.004,75 93.319,01 Withholding taxes on investment income ............................................................. 9148 6.470.685,60 3.405.439,78 Nr. C 5.13 0222.343.301 RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES ...................................... ...................................... Of which ...................................... ...................................... Bills of exchange in circulation endorsed by the enterprise ....................................................................... ............ Bills of exchange in circulation drawn or guaranteed by the enterprise ...................................................... Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise .................................................................................................................................................. Code Period 9149 1.611.192,00 9150 9151 9153 REAL GUARANTEES Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise Mortgages Book value of the immovable proporties mortgaged ............................................................................. 9161 Amount of registration .......................................................................................................................... 9171 Pledging on goodwill - amount of registration ............................................................................................. 9181 Pledging of other assets - Book value of other assets pledged ................................................................ ....... Guarantees provided on future assets - Amount of assets involved .......................................................... ............. 9191 9201 Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties Mortgages Book value of the immovable proporties mortgaged ............................................................................. 9162 Amount of registration .......................................................................................................................... 9172 Pledging on goodwill - amount of registration ............................................................................................. 9182 Pledging of other assets - Book value of other assets pledged ................................................................ ....... Guarantees provided on future assets - Amount of assets involved .......................................................... ............. 9192 9202 GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE Recharges of budgetmeter - payments to be received 8.709,04 SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS FORWARD TRANSACTIONS Goods purchased (to be received) ................................................................................................................ ........................................ Goods sold (to be delivered) ........................................................................................................................ ................................ Currencies purchased (to be received) ........................................................................................................ ................................................ Currencies sold (to be delivered) .................................................................................................................. ...................................... 9213 9214 9215 9216 INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE In the framework of the Multicurrency Treasury Bill Programme to finance the working capital and the investments of the mission charged associations, Iverlek has given a mandate to Eandis CVBA to conclude with Dexia Bank België nv on the issuance of a Commercial Paper of Eandis , for the account of the various Distribution System Operators, amounting to 522.000.000,00 EUR. All mixed Distribution System Operators jointly guarantee vis à vis each holder of a commercial paper issued by Eandis, to repay at first demand each amount related to each commercial paper and to the global maximum amount of commercial paper of 522.000.000,00 EUR. In the framework of the short term Credit Programme in the form of a revolving credit amounting to 500.000.000,00 EUR, of which 375.000.000,00 EUR was taken up by the end of 2008, by Eandis CVBA in order to finance the working capital and the investments of the mission charged associations, (Distribution System Operators ) each Distribution System Operator acts for its share but vis à vis third parties Nr. C 5.13 0222.343.301 RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE the Distribution System Operators are jointly responsible. The Distribution System Operators are severally responsible vis à vis each other for the payment commitments as to this mandate. The off-balance sheet rights and commitments mention the actualized value (72.579.600,00 EUR) of future obligations to the Eandis staff (concerning pension, reimbursement of healthcare costs, tariff benefits, jubilee bonuses). Part of the ongoing projects (unbundling programmes, low/high calorific gas, portfolio and smart meters) chargeable to Iverlek : 6.838.721,76 EUR. A bank guarantee in favour of OVAM has been offered amounting to 1.936.000,00 EUR to assure the accomplishment of soil analysis/or rehabilitation. IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES Code Period PENSIONS FUNDED BY THE ENTERPRISE Estimated amount of the commitments resulting for the enterprise from past services ......................... ......................... ......................... Methods of estimation ......................... ......................... ......................... NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS .. 9220 Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too: Nr. C 5.14 0222.343.301 RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS Codes Period Previous period AFFILIATED ENTERPRISES Financial fixed assets ................................................................................................ ....................... Investments ............................................................................................................ (280/1) (280) Amounts receivable subordinated ........................................................................... 9271 Other amounts receivable ...................................................................................... 9281 Amounts receivable ................................................................................................... ............................ After one year ......................................................................................................... 9291 Within one year ........................................................................................................ Current investments .................................................................................................. ............................. Shares .................................................................................................................... 9311 Amounts receivable ................................................................................................ 9341 Amounts payable ....................................................................................................... ........................ After one year ......................................................................................................... 9351 Within one year ...................................................................................................... 9371 9301 9321 9331 9361 Personal and real guarantees Provided or irrevocably promised by the enterprise, as security for debts or commitments of affiliated enterprises ..................................................................... 9381 Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise ............................................................................... 9391 Other substancial financial commitments ............................................................... ............................................................... Financial results . 9401 Income from financial fixed assets ......................................................................... ...................................................... Income from current assets ................................................................................... ............................................ Other financial income ........................................................................................... .................................... Debts charges ....................................................................................................... ........................ Other financial charges ......................................................................................... ...................................... Gains and losses on disposal of fixed assets 9421 Obtained capital gains ........................................................................................... .................................... Obtained capital losses .......................................................................................... ..................................... ENTERPRISES LINKED BY PARTICIPATING INTERESTS 9481 Financial fixed assets ................................................................................................ (282/3) 1.361.409,56 1.873.706,56 Investments ............................................................................................................ (282) 1.361.409,56 1.873.706,56 Amounts receivable subordinated ........................................................................... 9272 Other amounts receivable ...................................................................................... 9282 Amounts receivable ................................................................................................... 9292 After one year ......................................................................................................... Within one year ........................................................................................................ Amounts payable ....................................................................................................... 9431 9441 9461 9471 9491 3.026.819,37 9302 9312 9352 After one year ......................................................................................................... 9362 Within one year ...................................................................................................... 9372 3.026.819,37 144.326.952,38 76.349.321,78 144.326.952,38 76.349.321,78 Nr. 0222.343.301 C 5.14 RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS Period TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company: Nr. C 5.15 0222.343.301 FINANCIAL RELATIONSHIPS WITH Codes Period DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH Amounts receivable from these persons 9500 Conditions on amounts receivable Guarantees provided in their favour 9501 Guarantees provided in their favour - Main condition Other significant commitments undertaken in their favour 9502 Other significant commitments undertaken in their favour - Main condition Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person To directors and managers ....................................................................................................................... 9503 To former directors and former managers ............................................................................................... 9504 Codes 127.400,00 Period AUDITORS OR PEOPLE THEY ARE LINKED TO Auditor's fees ............................................................................................................................................... ...................................... 9505 15.760,00 95061 3.700,00 Fees for exceptional services or special missions executed in the company by the auditor Other attestation missions ....................................................................................................................... ............................................... Tax consultancy ....................................................................................................................................... ............................... Other missions external to the audit ......................................................................................................... ............................................................. 95062 95063 Fees for exceptional services or special missions executed in the company by people they are linked to Other attestation missions ....................................................................................................................... ............................................... Tax consultancy ....................................................................................................................................... ............................... Other missions external to the audit ......................................................................................................... ............................................................. Mention related to article 133 paragraph 6 from the Companies Code 95081 95082 95083 Nr. C 6 0222.343.301 SOCIAL REPORT Numbers of joint industrial committees which are competent for the enterprise: STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES RECORDED IN THE STAFF REGISTER During the period and the previous period 1. Full-time 2. Part-time 3. Total (T) or total of full-time equivalents (FTE) 3P.Total (T) or total of full-time equivalents (FTE) (period) (period) (period) (previous period) Codes Average number of employees .......... 100 1,0 Number of hours actually worked ....... 101 988 988 (T) 988 (T) 1.000,00 1.000,00 (T) 1.000,00 (T) Personnel costs ................................ 102 Advantages in addition to wages ........ 103 xxxxxxxxxxxxxxx xxxxxxx At the closing date of the period Number of employees recorded in the personnel register Codes 0,5 (FTE) (FTE) (T) xxxxxxxxxxxxxxx xxxxxxx 1. Full-time 0,5 (T) 3. Total in full-time equivalents 2. Part-time 105 1 0,5 Contract for an indefinite period ..................................... 110 1 0,5 Contract for a definite period ......................................... 111 Contract for the execution of a specifically assigned work 112 Replacement contract ................................................... 113 1 0,5 1 0,5 1 0,5 By nature of the employment contract According to the gender and by level of education Male ............................................................................. 120 primary education ........................................................................ 1200 secondary education ........................................................................ 1201 higher education (non-university) ........................................................................ 1202 university education ........................................................................ 1203 Female .......................................................................... 121 primary education ........................................................................ 1210 secondary education ........................................................................ 1211 higher education (non-university) ........................................................................ 1212 university education ........................................................................ 1213 By professional category Management staff ......................................................... 130 Employees .................................................................... 134 Workers ........................................................................ 132 Other ............................................................................. 133 Nr. C 6 0222.343.301 HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL Codes During the period Average number of employees ............................................................................. ............. Number of hours actually worked ......................................................................... ................. Charges of the enterprise ...................................................................................... .... 1. Temporary personnel 2. Persons placed at the disposal of the enterprise 150 151 152 TABLE OF PERSONNEL CHANGES DURING THE PERIOD ENTRIES Codes 1. Full-time 2. Part-time 3. Total in full-time equivalents Number of employees recorded on the personnel register 205 during the financial year ....................................................................................................... By nature of the employment contract Contract for an indefinite period ............................................ 210 Contract for a definite period ............................................... 211 Contract for the execution of a specifically assigned work ......... 212 Replacement contract ...................................................... 213 Codes DEPARTURES 1. Full-time 2. Part-time 3. Total in full-time equivalents The number of employees with a in the staff register listed 305 date of termination of the contract during the period ....................................................................................................... By nature of the employment contract Contract for an indefinite period ............................................ 310 Contract for a definite period ............................................... 311 312 Contract for the execution of a specifically assigned work ......... 313 Replacement contract ..................................................... According to the reason for termination of the employment contract Retirement .............................................................................340 341 Early retirement ........................................................................ Dismissal ......................................................................... 342 Other reason ........................................................................ 343 Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis .......... 350 Nr. C 6 0222.343.301 INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD Total number of official advanced professional training projects at company expense Codes Male Codes Number of participating employees .......................................................... 5801 5811 Number of training hours .......................................................................... 5802 5812 Costs for the company .............................................................................. 5803 5813 of which gross costs directly linked to the training ............................................................................... 58031 58131 of which paid contributions and deposits in collective funds ............................................................................... 58032 58132 of which received subsidies (to be deducted).................................................................................. 58033 58133 Total number of less official and unofficial advance professional training projects at company expense Number of participating employees .......................................................... 5821 5831 Number of training hours .......................................................................... 5822 5832 Costs for the company .............................................................................. 5823 5833 Number of participating employees .......................................................... 5841 5851 Number of training hours .......................................................................... 5842 5852 Costs for the company .............................................................................. 5843 5853 Total number of initial professional training projects at company expense Female Nr. 0222.343.301 C 7 VALUATION RULES SUMMARY OF MAJOR VALUATION POLICIES 1. Off-balance sheet rights and commitments Bank guarantees offered by certain energy companies, as well as the DSO's portion in the actualized value of future obligations to the Eandis staff are recognized in the out of balance items. Also the obligations relating to ongoing projects have been recognized. On the CREG's demand, a guarantee was offered relating to payments for the federal contribution and the charges of budget meters not yet paid for relating to the DSO's role as social supplier have also been recognized. A bank guarantee on behalf of OVAM has been offered securing the execution of soil analyses and/or soil sanitations. Next, guarantees have been offered relating to the Commercial Paper programme, the revolving credit that had been granted, and a bank guarantee has been offered relating to the bank loans for the account of Eandis. 2. Tangible fixed assets Based on a technical inventory of the tangible fixed assets in combination with current unit prices, an economic reconstruction value (iRAB or initial Regulated Asset Base) has been determined. For the activity electricity this value was determined on 31 December 2001. As agreed by the CREG, this value was included in the accounts and caused the recording of an (iRAB) surplus value. For the activity gas this value was determined on 31 December 2002, which resulted in a reconstruction value and a (iRAB) surplus value. Up until and including the reporting year 2006 depreciation was conforming to the guidelines laid down by the Flemish Tutelle Authority, as they had been applied earlier, but being different from the guidelines issued by the VREG. Due to the out of court settlement agreement with the CREG, signed on 1 October 2007 and ratified by the Flemish Minister of Internal Affairs, Urban Policy, Housing and Citizenship both the value of the tangible fixed assets on 31 December 2006 and the arrangements relating to the depreciation have been finally determined. Due to this agreement the value as per 1 January 2007 has been brought in line with the regulated asset value ratified by the CREG for the activities electricity and gas. The value of the tangible fixed assets also fluctuates in function of: " the addition of new investments at purchase or cost price including all directly attributable costs; " the subtraction of intervention payments by third parties based on the relevant cost of purchase; (The sum of the above two elements gives an indication of the net cost of purchase.) " the subtraction of the net book value (being the balance between the acquisition value and the cumulative depreciation) of disposed assets; " the subtraction of the depreciation on the net value of purchase; The depreciation charges are determined as follows: 2% cables, lines, pipes and administrative buildings 3% cabins, stations, substations, connections and metering equipment 10% teleread meters and budget meters, optical fibres (for the accounting year 2007 at 5%) and teletransmission, central remote control, telecontrol and dispatching, CHP installations, lab equipment, tools and office furniture, other tangible fixed assets 20% vehicles 33% IT hardware Land is not depreciated. All infrastructure elements owned on 31 December, irrespective of their date of acquisition, are depreciated for a complete accounting year. " the subtraction of the recording at the rate of 2% per year of the revaluation surpluses as present on 31 December 2006. This amount of liabilities is transferred from the revaluation values to the non-available reserves. Every four years the depreciation on the revaluation surpluses will be evaluated in relation to the actual surplus value relating to the disposals and, if necessary, the currently used percentage will be adapted. 3. Financial fixed assets These are recognized at cost of purchase. 4. Amounts receivable after more than one year These receivables are recognized in the balance sheet at nominal value. 5. Stocks and contracts in progress The contracts in progress are stated at cost price. 6. Amounts receivable within one year These receivables are recognized in the balance sheet at nominal value. The receivables related to works finished and services delivered, with the exception of claims for damages and the accounts receivable from municipalities, expired for more than six months and which have been entrusted to the Legal Department, are considered to be doubtful. A write-down of 100 per cent (excluding VAT) is carried out for this purpose. The receivables from energy supplies within the framework of the distribution system operators' social public service obligations (SODV) Nr. 0222.343.301 C 7 VALUATION RULES have been recognized in the balance sheet at nominal value. The receivables from final invoices are considered to be doubtful if they have remained unpaid after expiry date in the following cases: bankruptcy, judicial settlement and judicial procedure. For these receivables a provision of 100 per cent (excluding VAT) is recognized for receivables below the limit amount to be fixed by the Board of Directors and for 80 per cent (excluding VAT) for all other cases. For all other expired SODV receivables a provision is recorded for 100 per cent of the unpaid amount (excluding VAT) if they are older than one year and have not been integrated into an agreed upon payment plan; these accounts receivable are thus considered to be doubtful. If a receivable is expected to be is no longer collectible or if the collection costs exceed the amount of the receivable, the receivable is derecognized utilizing the provision for that purpose. The related VAT is recuperated if the necessary attestations can be obtained. In the framework of the full liberalization of the Flemish energy market on 1 July 2003, a provision for doubtful debts was recorded for all accounts receivable older than six months on 31 December 2003 with regard to debtors. This additional provision is used in function of the realization of receipts on these accounts receivable or is used for the definitive write-off thereof. 7. Complement to the annual charges for our public service obligations In the system of yearly meter readings, the consumption amounts of energy having been supplied but not yet billed are calculated in volume on the basis of the total amounts of energy bought (allocation), less the consumption volumes billed related to the accounting year under consideration. This so-called non-registered consumption is valued making use of the actual invoices during the accounting year, adapted to the average billing parameters being applied during the accounting year. 8. Accruals The deferred charges and accrued income comprise the management costs transferred by the operating company to the distribution system operator conforming to the relevant stipulations in the by-laws and/or board decisions and which correspond to the pension charges paid as lump sums for the benefit of the staff formerly attributed to the distribution activities on the territory of the distribution system operator. These costs are taken into the charges by the distribution system operator and are spread out over a maximum period of twenty years, according to the principle of periodical matching of benefits and charges. As to the distribution grid fee, the CREG guarantees that the non-realized benefits can actually be integrated into the future tariffs thanks to the regulatory asset, which is recognized as a non-disputed receivable on the asset side of the balance sheet. The accrued charges and deferred income also include the interests on loans which have already been charged in the current accounting year but which have to be paid in the course of the following year. 9. Changes in the valuation policies None. 10. Changes in the presentation None. Nr. 0222.343.301 MANAGEMENT REPORT C 8
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