financier

LE RAPPORT
FINANCIER
2007
SOMMAIRE
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Rapport financier 2007 I<H
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Rapport du président
du conseil d’administration de SFR
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Préambule
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1 / Conditions de préparation
et d’organisation des travaux
du conseil d’administration
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2 / Limitations éventuelles
des pouvoirs
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3 / Rémunération des dirigeants
mandataires sociaux
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I<HRapport financier 2007
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4 / Procédures de contrôle
interne mises en place
par la société
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I<HRapport financier 2007
.
Rapport du conseil d’administration
à l’assemblée générale
ordinaire du 19 mars 2008
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Rapport financier 2007 I<H
Variation des capitaux propres consolidés sur l’exercice 2007
Actions ordinaires
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gcXe[˄gXi^e\^iflg\ hl`g\id\kk\ek~cXhlXj`$
kfkXc`k„[\jjXcXi`„j~k\dgjZfdgc\k[l^iflg\#
X`ej`hlËXloi\kiX`k„j#[ËXZhl„i`i[\jXZk`fejM`m\e[`
[Xejc\ZX[i\[ËXl^d\ekXk`fej[\ZXg`kXc
i„j\im„\j%C\jXZk`fejXZhl`j\jgXic\jjXcXi`„j[Xej
c\ZX[i\[\Z\jgcXejjfekjfld`j\j~Z\ikX`e\j
i\jki`Zk`fejZfeZ\ieXekc\liZ\jj`feflc\li
kiXej]\ik%:\kXmXekX^\Zfii\jgfe[~cX[„Zfk\jli
c\gi`o[\jfljZi`gk`fe#jf`kcX[`]]„i\eZ\\eki\c\gi`o
[\jfljZi`gk`fe[\jXZk`fej\kc\Zflij[\cËXZk`fe
~cX[Xk\[ËXkki`Ylk`fe[ËledfekXekdXo`dXc[\
)'j\cfecXcf`]iXeƒX`j\ #\k\jkZfdgkXY`c`j„
Zfdd\le\Z_Xi^\[\g\ijfee\c%
(%*&<e^X^\d\ekjZfekiXZkl\cjXZk`]j
\kgXjj`]j„m\ekl\cj
Jlile\YXj\Xeel\cc\#J=I\kj\jÔc`Xc\j„kXYc`jj\ek
lei\Z\ej\d\ek[„kX`cc„[\cË\ej\dYc\[\jfYc`^Xk`fej
ZfekiXZkl\cc\j#\e^X^\d\ekjÔeXeZ`\ij
\kZfdd\iZ`Xlo#fYc`^Xk`fejZfe[`k`fee\cc\jXlohl\cj
`cjjfekgXik`\jfl\ogfj„j%;\dXe`…i\i„^lc`…i\#
Z\i\Z\ej\d\ek\jkXZklXc`j„gXic\jj\im`Z\j
Zfdg„k\ekj\ki\mlgXicX[`i\Zk`fe[l^iflg\%
Note 2 / Mouvements
de périmètre intervenus
sur l’exercice 2007
)%(&J=IJ@
C\i\^iflg\d\ek\eki\J=I\kjXÔc`Xc\~(''
J=IJ@X„k„[„Z`[„ZfliXek)''-%CXZfe]lj`fe
)/
Rapport financier 2007 I<H
[\gXki`df`e\\jk\]]\Zk`m\[\gl`jc\(\iaXem`\i
)''.%:\i\^iflg\d\ek\jkjXej`dgXZkjlic\j
Zfdgk\jZfejfc`[„j%
C\jgXik`Z`gXk`fej[\J=I;„m\cfgg\d\ek
[„k\el\j~gclj[\)'jfekZfejfc`[„\jgXid`j\
\e„hl`mXc\eZ\gXiJ=I%
)%)&E\l]:\^\k\c
<e[Xk\[l(/j\gk\dYi\)''.#J=IX`em\jk`
+'d`cc`fej[Ë\lifj[XejE\l]:\^\k\cXÔe
[\dX`ek\e`ijXgXik`Z`gXk`feXZhl`j`k`fe
Zfdgc„d\ekX`i\[\"'#-. %E„Xedf`ej#jli
cË\o\iZ`Z\)''.#cXgXik`Z`gXk`fe[\J=I[XejE\l]
:\^\k\c\jkgXjj„\[\+'#+/~*0#/,jl`k\
~cË\o\iZ`Z\[\Z\ikX`e\jfgk`fejgXi[\jjXcXi`„j
\k&fl[`i`^\Xekj[\E\l]:\^\k\c%C\i„jlckXk
[\[`clk`feZfdgkXY`c`j„j˄c…m\~$(*#/d`cc`fej
[Ë\lifj%
)%,&;\Y`k\c$M`[\c\Z
C\*'efm\dYi\)''.#cXjfZ`„k„:@;#Ôc`Xc\~+'
[\J=I#XXZhl`j(''[\cXjfZ`„k„;\Y`k\cgfli
ledfekXekgifm`jf`i\[\()d`cc`fej[Ë\lifj%
;\Y`k\c\jklefg„iXk\lihl`e\[`jgfj\gXj[\jfe
gifgi\i„j\Xl[\k„c„Zfddle`ZXk`fej%8ljj`#
`cjËXggl`\jlic\i„j\XlJ=I\eXZ_\kXeklemfcld\
[\d`elk\j\k[\[XkXk\cle^ifjj`jk\\k\eZi„Xek
\ejl`k\jXgifgi\f]]i\Zfdd\iZ`Xc\%
)%*&=iE\k)
C\)'al`cc\k)''.#J=IXXZhl`jc\jXZk`m`k„jÔo\
\k8;JC[\K\c\)=iXeZ\[„jfidX`j[„efdd„\
=iE\k) %C\Zf”k[ËXZhl`j`k`fej˄c…m\~*-(d`cc`fej
[Ë\lifj%J\i\gfik\i~cXefk\/#½yZXikj
[ËXZhl`j`k`fe¾%
:\kk\fg„iXk`feg\id\k~J=I[\gflijl`mi\
\k[ËXZZ„c„i\ic\[„gcf`\d\ek[\jXjkiXk„^`\
½dfY`c\Z\eki`Z¾%8m\ZZ\kk\fg„iXk`fe#J=I
XXZhl`j\em`ife*,''''Zc`\ekj8;JC\k
)#*d`cc`fej[\Zc`\ekj[\k„c„g_fe`\Ôo\%
=iE\k)\jkZfejfc`[„\gXi`ek„^iXk`fe^cfYXc\
~Zfdgk\i[\cX[Xk\[ËXZhl`j`k`fe[\jXZk`m`k„j%
CË`ek„^iXk`fe^cfYXc\[\=iE\k)~Zfdgk\i
[l)'al`cc\k)''.Zfeki`Yl\~_Xlk\li
[\)'*d`cc`fej[Ë\lifjjlic\Z_`]]i\j[ËX]]X`i\j
[l^iflg\\k~_Xlk\li[\$(,d`cc`fej[Ë\lifj
i„jlckXkXmXekXdfik`jj\d\ek[\j„c„d\ekj
`eZfigfi\cjXZhl`j[Xejc\ZX[i\[li\^iflg\d\ek
[Ë\eki\gi`j\ jlic\i„jlckXke\k[l^iflg\%
)%+&J=I;„m\cfgg\d\ek\kj\jgXik`Z`gXk`fej
J=I;„m\cfgg\d\ek\jkle\jfZ`„k„hl`Xgfli
fYa\k[Ë`em\jk`i[Xej[\jjfZ`„k„jeflm\cc\jc`„\j
XloXZk`m`k„j[ldfY`c\\k[\cË`ek\ie\k%
CË`em\jk`jj\d\ekÔeXeZ`\igflicËXee„\)''.\jk
[\/d`cc`fej[Ë\lifj%
)%-&DfY`jl[
DfY`jl[\jklefg„iXk\li[\i„j\XldfY`c\
m`ikl\c]iXeZf$dXifZX`ejg„Z`Xc`j„[Xejc\j
Zfddle`ZXk`fej~[\jk`eXk`fe[lDX^_i\Y8c^„i`\#
DXifZ#Kle`j`\ #Zi„„\e[„Z\dYi\)''-gXij\j
kif`jXZk`feeX`i\j1DXifZK„c„Zfd#JX_Xd
\kJ=Ihl`\e[„k`\ek(,#0)%CËfg„iXk\li\ogcf`k\
cË`e]iXjkilZkli\[li„j\XlJ=I%
DfY`jl[\jkZfejfc`[„\gXid`j\\e„hl`mXc\eZ\
Z_\qJ=I~Zfdgk\i[l(\iaXem`\i)''.%
Note 3 / Information sectorielle
des exercices 2007 et 2006
*%(&@e]fidXk`fegXij\Zk\li[ËXZk`m`k„
CËXZk`m`k„[l^iflg\jËXik`Zlc\Xlkfli[\jj\im`Z\j
c`„j~cXk„c„g_fe`\dfY`c\#~cXk„c„g_fe`\Ôo\
\k~cË`ek\ie\k%
*%)&@e]fidXk`feji\cXk`m\j
Xloqfe\j^„f^iXg_`hl\j
C\Z_`]]i\[ËX]]X`i\j\jki„Xc`j„\ekfkXc`k„
jlic\k\ii`kf`i\]iXeƒX`j=iXeZ\d„kifgfc`kX`e\
\k[„gXik\d\ekj[Ëflki\$d\i %
Note 4 / Résultat des activités ordinaires des exercices 2007 et 2006
+%(&;„kX`c[lZ_`]]i\[ËX]]X`i\j\k[lZf”k[\jm\ek\j[\j\o\iZ`Z\j)''.\k)''-
(En millions d’euros)
M\ek\j[\Y`\ej#e\kk\j
M\ek\j[\j\im`Z\j
:_`]]i\[ËX]]X`i\j
:f”k[\jm\ek\j[\Y`\ej#e\kk\j
:f”k[\jm\ek\j[\j\im`Z\j
:f”k[\jm\ek\j
DXi^\Yilk\
2007
2006
*/-#)
/,0)#,
/0./#.
/,)#,
)0)*#+
*..,#0
,)')#/
*'.#0
/*(/#-
/-)-#,
-+0#'
*'*/#(
*-/.#(
+0*0#+
2007
2006
C\Zf”k[\jm\ek\j[\Y`\ejZfdgi\e[c\Zf”k[ËXZ_Xk[\jk\id`eXlo%
C\Zf”k[\jm\ek\j[\j\im`Z\jZfdgi\e[\jj\ek`\cc\d\ekc\jZf”kj[Ë`ek\iZfee\o`fej\kc\jZf”kj[li„j\Xl%
+%)&:_Xi^\jX[d`e`jkiXk`m\j\kZfdd\iZ`Xc\j
(En millions d’euros)
:f”kj[\glYc`Z`k„\kdXib\k`e^
:f”kjZfdd\iZ`Xlo
:f”kj[\^\jk`fe[\Zc`\ek…c\
=iX`j^„e„iXlo
:_Xi^\jX[d`e`jkiXk`m\j\kZfdd\iZ`Xc\j
*/'#.
((0+#'
,-+#,'0#.
)-+0#'
*(,#*
('0+#)
,,/#(
*,*#0
)*)(#,
+%*&8lki\jZ_Xi^\j\kgif[l`kjfg„iXk`fee\cj
(En millions d’euros)
8lki\jgif[l`kj
8lki\jZ_Xi^\j
8lki\jZ_Xi^\j\kgif[l`kjfg„iXk`fee\cj
2007
2006
'#,
+)#0
+)#+
'#)
+'#0
+'#.
C\jXlki\jZ_Xi^\jfg„iXk`fee\cc\jZfdgi\ee\ek\jj\ek`\cc\d\ekc\ji„jlckXkj[\Z\jj`fe[\j`ddfY`c`jXk`fejZfigfi\cc\j\k`eZfigfi\cc\j%
+%+&=iX`j[\g\ijfee\c\k\]]\Zk`]dfp\e[\j\o\iZ`Z\j)''.\k)''(En millions d’euros, sauf effectif)
<]]\Zk`]dfp\eXeel\c\e„hl`mXc\ekk\dgjgc\`e
KiX`k\d\ek\kjXcX`i\j
:_Xi^\jjfZ`Xc\j
=iX`j[\g\ijfee\cZXg`kXc`j„j
JXcX`i\j\kZ_Xi^\j
I„dle„iXk`fejgXp„\j\eXZk`fej(
I„^`d\j[ËXmXekX^\jXlg\ijfee\c
8lki\j
=iX`j[\g\ijfee\c
2007
2006
.'('
*(0#*
(*'#)
)/#.
+)'#/
(*#.
+#0
/.#*
,)-#.
..+-
**-#,
(**#(
).#-
++)#'
(/#0
+#+
('+#*
,-0#-
(%I\]XZkliXk`fegXiM`m\e[`Xlk`ki\[\cXZ_Xi^\i\gi„j\ekXk`m\[\cËXmXekX^\XZZfi[„Xlo[`i`^\Xekj\kXlojXcXi`„j%
+%,&=iX`j[\i\Z_\iZ_\\k[„m\cfgg\d\ek[\j\o\iZ`Z\j)''.\k)''<e)''.#c\j]iX`j[\i\Z_\iZ_\\k[„m\cfgg\d\ekj˄c…m\ek~-*d`cc`fej[Ë\lifjZfeki\-+d`cc`fej[Ë\lifj\e)''-%
I<HRapport financier 2007
)0
Note 5 / Résultat financier des exercices 2007 et 2006
(En millions d’euros)
2007
2006
:_Xi^\j[Ë`ek„i†kjjlic\j\dgilekj
Gif[l`kj[Ë`ek„i†kj[\cXki„jfi\i`\
:f”ke\k[lÔeXeZ\d\ek
('0#/
((#+
0/#+
-/#*
*#+
-+#0
8lki\jZ_Xi^\jÔeXeZ`…i\j(
8lki\jgif[l`kjÔeXeZ`\ij)
(**#/#.
)+#0
/#*
I„jlckXkÔeXeZ`\i
))*#*
/(#,
(%C\jXlki\jZ_Xi^\jÔeXeZ`…i\jjfekgi`eZ`gXc\d\ekZfejk`kl„\j[\cXdf`ej$mXcl\i„Xc`j„\jlic\kiXej]\ik[\kif`jZ\eki\j[ËXgg\cJ\im`Z\:c`\ekgfli$(('d`cc`fej[Ë\lifj#[lZf”k[ËXZklXc`jXk`fe[\cXc`Z\eZ\>JD
gfli$((d`cc`fej[Ë\lifj\k[\cX[„jXZklXc`jXk`fec`„\Xloi\d`j\j\e„kXk[\j`k\gfli$,d`cc`fej[Ë\lifj%
)%C\jXlki\jgif[l`kjÔeXeZ`\ijXl*([„Z\dYi\)''.Zfdgi\ee\ekgi`eZ`gXc\d\ekc\gif[l`k[\i\kfli~d\`cc\li\]fikle\[\-d`cc`fej[Ë\lifji\ƒl[\J=;%
Note 6 / Impôt des exercices 2007 et 2006
-%(&:fdgfjXek\j[\cË`dgkjlic\ji„jlckXkj
(En millions d’euros)
2007
2006
:fliXek\
;`]]„i„\
@dgkjlic\ji„jlckXkj
/('#'
).#,
./)#,
/,/#,
(/#/*0#0
KfkXc[\cË`dgkgXp„
0)*#'
/,'#+
:?8I><;Ë@DGåK1
-%)&KXlo[Ë`dgfj`k`fei„\c
(En millions d’euros)
2007
2006
(,+/#+
(-0)#'
@dgkjlic\ji„jlckXkj
I„jlckXke\k[\jXZk`m`k„jZ„[„\jfl\eZflij[\Z\jj`fe
I„jlckXk[\jXZk`m`k„jXmXek`dgk
./)#,
Æ
)**'#0
/*0#0
Æ
),*(#0
KXlo[Ë`dgfj`k`fec„^Xc\e=iXeZ\(
*+#+*
*+#+*
@dgkk_„fi`hl\ZXcZlc„jlicXYXj\
[lkXlo[Ë`dgfj`k`fe\em`^l\li\e=iXeZ\
/')#,
/.(#.
I„jlckXke\k[\jXZk`m`k„j
E<LKI8C@J8K@FE1
Iy:FE:@C@8K@FE;<CË@DGåKK?yFI@HL<ÁCË@DGåKIy<C1
;`]]„i\eZ\jg\idXe\ek\jZfdgkXYc\j&ÔjZXc\j
yc„d\ekj\oZ\gk`fee\cj`eZclj[XejcË`dgk\o`^`Yc\
yZi`kli\j[\i\kiX`k\d\ek[\Zfejfc`[Xk`fe
MXi`Xk`fe[\cXc`d`kXk`fe[\j@;
)#'
-#'
+#/
)#+
(#)(#.
(#'
(#*
'#+
)*#-
'#-
(*#,
8LKI<J;@==yI<E:<JE<KK<J1
@dgkjXejYXj\
I„jlckXk[\jD<H
@dgkjlic\ji„jlckXkj
./)#,
/*0#0
KXlo[Ë`dgfj`k`fei„\c
**#,.
**#(.
(%C\kXlo[\YXj\[\cË`dgkjlic\jjfZ`„k„j\e=iXeZ\\jk[\**#**%CXcf`jlic\ÔeXeZ\d\ek[\cXJ„Zli`k„jfZ`Xc\e—00$((+'[l)0[„Z\dYi\(000X`ejkXli„leZfdgc„d\ek[Ë`dgfj`k`fe„^Xc~*#*[\cË`dgk[\YXj\
[”Zfii\jgfe[Xek~le\dXafiXk`fe[\jkXlo[Ë`dgfj`k`fe[\(#(%C\kXlo[Ë`dgfj`k`fe^cfYXcj˄kXYc`kX`ej`~*+#+*\e)''.#jXejZ_Xe^\d\ek[\gl`j)''-%
*'
Rapport financier 2007 I<H
-%)%(&:fdgfjXek\j[\j`dgkj[`]]„i„jXZk`]j\kgXjj`]j
(En millions d’euros)
2007
2006
(,#,
Æ
Æ
('*#(
('-#'
.#/#)
Æ
/)#(
Æ
()#.#,#'
0.#0
(*#+
/+#,
(++#.
('-#'
('0#,
Æ
@DGåKJ;@==yIyJ8:K@=J1
;„ÔZ`kjÔjZXloXlkXloefidXc
Df`ej$mXcl\j~cfe^k\id\
;„gi„Z`Xk`fe[ËXZk`]j[Xejc\ZX[i\[ËXZhl`j`k`fej
8lki\j[`]]„i\eZ\jk\dgfiX`i\j
:fdg\ejXk`fe(
@dgkj[`]]„i„jXZk`]jYilkj
8Zk`]jefei\Zfeelj
KfkXc[\j`dgkj[`]]„i„jXZk`]j
@DGåKJ;@==yIyJG8JJ@=J1
8lki\j
:fdg\ejXk`fe(
KfkXc[\j`dgkj[`]]„i„jgXjj`]j
*/#.
@dgkj[`]]„i„jXZk`]jgXjj`]j #e\kj
('0#,
**#.
),#'
(%:fe]fid„d\ek~cXefid\@8J()#c\jXZk`]j\kgXjj`]j[Ë`dgkj[`]]„i„j[Ële\d†d\\ek`k„`dgfjXYc\jfekZfdg\ej„j[XejcXd\jli\f“`cjjfekc`„j~[\j`dgkjjlic\i„jlckXkgi„c\m„jgXicXd†d\Xlkfi`k„ÔjZXc\
\kcË\eki\gi`j\Xle[if`kali`[`hl\d\ek\o„Zlkf`i\[\Zfdg\ej\ic\jXZk`]j\kc\jgXjj`]j[Ë`dgk\o`^`Yc\%
Note 7 / Résultat par action des exercices 2007 et 2006
2007
2006
(En millions d’euros)
De base
Dilué
De base
Dilué
I„jlckXke\k[\jXZk`m`k„j#gXik[l^iflg\
I„jlckXke\k[\jXZk`m`k„jZ„[„\jfl\eZflij[\Z\jj`fe
I„jlckXke\k#gXik[l^iflg\
(,+0#)
Æ
(,+0#)
(,+0#)
Æ
(,+0#)
(-0)#(
Æ
(-0)#(
(-0)#(
Æ
(-0)#(
/0,-*-,(+(
/0,-*-,(+(
/0,-*-,(+(
/0,-*-,(+(
'#(.
'#(.
'#(0
'#(0
EfdYi\[ËXZk`fej
I„jlckXkgXiXZk`fe\e\lifj
I„jlckXke\k#gXik[l^iflg\gXiXZk`fe
Note 8 / Écarts d’acquisition au 31 décembre 2007 et au 31 décembre 2006
/%(&yZXikj[ËXZhl`j`k`feXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
yZXikj[ËXZhl`j`k`fe#Yilkj
G\ik\[\mXc\li
yZXikj[ËXZhl`j`k`fe
31 décembre 2007
31 décembre 2006
+0/*#(
Æ
+.-*#,
Æ
+0/*#(
+.-*#,
I<HRapport financier 2007
*(
/%)&MXi`Xk`fe[\j„ZXikj[ËXZhl`j`k`fee\kjjlic\j\o\iZ`Z\j)''.\k)''-
(En millions d’euros)
Écarts d’acquisition
au 31 décembre 2006
)+#-
(*,*#*
JII
J=I\o%:fÔiX
J=I]lj`fe:\^\k\c>iflg\#
:fÔiX#J=I
=iE\k)
KfkXc
Dépréciations
Variation de valeur
des engagements d’achat
d’intérêts minoritaires
Mouvements de périmètre
Écarts d’acquisition
au 31 décembre 2007
Æ
Æ
Æ
Æ
Æ
Æ
)+#-
(*,*#*
**/,#-
Æ
Æ
Æ
**/,#-
Æ
+.-*#,
Æ
Æ
Æ
Æ
)(0#-
)(0#-
)(0#-
+0/*#(
8Zhl`j`k`fe[\=iE\k)
C\)'al`cc\k)''.#J=IXXZhl`jcXkfkXc`k„[\jXZk`fej[\cXjfZ`„k„K\c\)=iXeZ\[„jfidX`j[„efdd„\=iE\k) #i\gi„j\ekXekle`em\jk`jj\d\ekkfkXc[\*-(d`cc`fej
[Ë\lifj%C˄ZXik[ËXZhl`j`k`fegi„c`d`eX`i\[„^X^„jliZ\k`em\jk`jj\d\ekj˄c…m\~)0,d`cc`fej[Ë\lifj%CXZfdgkXY`c`jXk`fe~cXaljk\mXc\li[\jXZk`]jXZhl`j#gXjj`]j
\kgXjj`]j„m\ekl\cjj˄kXYc`kZfdd\jl`kXl*([„Z\dYi\)''.1
(En millions d’euros)
Gi`o[ËXZ_Xk[\jk`ki\j
=iX`jXZZ\jjf`i\j
:f”k[ËXZhl`j`k`fe[\jk`ki\j
*,-#0
+#+
*-(#*
:Xg`kXlogifgi\j~cËXZhl`j`k`fe
--#.
yZXik[ËXZhl`j`k`fegi„c`d`eX`i\
)0+#-
8]]\ZkXk`fegifm`jf`i\
[lZf”k[li\^iflg\d\ek[Ë\eki\gi`j\1
9Xj\XYfee„j
:Xg`kXc`jXk`fe[\j]iX`j[ËXZZ…jXloi„j\Xlo
=`jZXc`k„[`]]„i„\
0/#'
(*#,
*-#,
yZXik[ËXZhl`j`k`feefeX]]\Zk„Xl*([„Z\dYi\)''.
)(0#-
CËXccfZXk`fe[\c˄ZXik[ËXZhl`j`k`fej\iXÔeXc`j„\XlZflij[\cË\o\iZ`Z\ZcfjXl*([„Z\dYi\)''/%
/%*&G\ik\j[\mXc\lij
C\jk\jkjXeel\cj[\g\ik\[\mXc\lijlic\j„ZXikj[ËXZhl`j`k`feeËfekgXj\ekiXŠe„cXZfejkXkXk`fe[Ële\[„gi„Z`Xk`fe%
Note 9 / Immobilisations incorporelles au 31 décembre 2007 et au 31 décembre 2006
0%(&@ddfY`c`jXk`fej`eZfigfi\cc\jXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-
Au 31 décembre 2007
(en millions d’euros)
Cf^`Z`\cj(
C`Z\eZ\j)
8lki\j*
Immobilisations
incorporelles, brutes
)-,(#*
0+'#.
+0/#-
+'0'#-
Amortissements cumulés
et dépréciations
(.0*#0
(-,#(
(,)#(
)(((#(
Immobilisations
incorporelles
/,.#+
..,#-
*+-#,
(0.0#,
¿
*)
Rapport financier 2007 I<H
Au 31 décembre 2006
(en millions d’euros)
Cf^`Z`\cj(
C`Z\eZ\j)
8lki\j
(%@ek…^i\ekgi`eZ`gXc\d\ek[\jcf^`Z`\cj[\J=I\kc\jZf”kj[\j
cf^`Z`\cj~ljX^\`ek\ie\[„m\cfgg„jgXiJ=I#Xdfik`jjlihlXki\Xej%
)%@ek…^i\ek1
ÆcXc`Z\eZ\LDKJ-)0d`cc`fej[Ë\lifj gXp„\gXiJ=I\ej\gk\dYi\
)''([li„\[\)'XejgflicX]flie`kli\[\j\im`Z\j[\k„c„g_fe`\
dfY`c\[\kif`j`…d\^„e„iXk`fe\e=iXeZ\#LDKJ 2
Immobilisations
incorporelles, brutes
Amortissements cumulés
et dépréciations
))-/#'
0+'#.
),+#'
*+-)#.
Immobilisations
incorporelles
(,,)#('/#(
(')#)
(.-)#0
ÆcXc`Z\eZ\>JD)./d`cc`fej[Ë\lifj %<edXij)''-#J=IjË\jkml
Xkki`Yl\igXicËykXkc\[if`k[\gflijl`mi\g\e[Xek(,XejcË\ogcf`kXk`fe
[\Z\kk\c`Z\eZ\%CXc`Z\eZ\\jkZfdgkXY`c`j„\gflijXmXc\li
XZklXi`\cc\efk\(%)%-%*#½8lki\j`ddfY`c`jXk`fej`eZfigfi\cc\j¾ 2
Æc\jc`Z\eZ\jN`D8O*+d`cc`fej[Ë\lifj XZhl`j\jgflile\[li„\
[\)'Xej%
.(,#+
/*)#-
(,(#/
(-00#/
*%@ek…^i\ek1
Æc\ZfekiXk[\[if`k[ËljX^\[Ë\ogcf`kXk`fe[li„j\Xl\eki\=iE\k)
\kE\l]:\^\k\c,-d`cc`fej[Ë\lifj j`^e„\edX`)'',gflile\
[li„\[\('Xej2
ÆcXYXj\XYfee„j=iE\k)k\cc\hl\mXcfi`j„\~cËXZhl`j`k`fe#jf`k
0/d`cc`fej[Ë\lifj%
0%)&MXi`Xk`fe[\j`ddfY`c`jXk`fej`eZfigfi\cc\jjlic\j\o\iZ`Z\j)''.\k)''(En millions d’euros)
2007
2006
Jfc[\\e[„Ylk[\g„i`f[\
(-00#/
(*/+#*
;fkXk`fejXloXdfik`jj\d\ekj
8Zhl`j`k`fej
:\jj`fej&[`d`elk`fej
Dflm\d\ekj[\g„i`d…ki\(
8lki\j
*/(#/
+.(#+
))#(+/#,
-+#)
*),#(
--'#(
)'#0
Æ
(#+
(0.0#,
(-00#/
Jfc[\\eÔe[\g„i`f[\
(%:feZ\ie\ek=iE\k)%
C\jgifa\kj[\jj\im`Z\j[li„j\Xl\kc\jgifa\kj[\[„m\cfgg\d\ek[\jjpjk…d\j[Ë`e]fidXk`fejfek„c`^`Yc\j~cXZXg`kXc`jXk`fe[\jZf”kjgflic\jg_Xj\j
[\[„m\cfgg\d\ek[\Z\jgifa\kj%C\jk\dgjgXjj„jjliZ_Xhl\gifa\kgXic\j„hl`g\j[li„j\Xljfek[feZZfdgkXY`c`j„j\e`ddfY`c`jXk`fej`eZfigfi\cc\j%
@cX„k„ZXg`kXc`j„(./d`cc`fej[Ë\lifjjlicËXee„\)''.\k(/)d`cc`fej[Ë\lifjjlicËXee„\)''-%
Note 10 / Immobilisations corporelles au 31 décembre 2007 et au 31 décembre 2006
('%(&@ddfY`c`jXk`fejZfigfi\cc\jXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-
(En millions d’euros)
8l*([„Z\dYi\)''.
K\iiX`ej
:fejkilZk`fej
@ejkXccXk`fejk\Z_e`hl\j
@ddfY`c`jXk`fej\eZflij
8lki\j
8l*([„Z\dYi\)''K\iiX`ej
:fejkilZk`fej
@ejkXccXk`fejk\Z_e`hl\j
@ddfY`c`jXk`fej\eZflij
8lki\j
Immobilisations
corporelles, brutes
Amortissements cumulés
et dépréciations
Immobilisations
corporelles
(0#,
()'0#/
+(-/#(
(*'#0
-,,#/
-(/+#(
'#0
-./#/
),,/#Æ
*00#0
*-*/#)
(/#,*(#'
(-'0#,
(*'#0
),,#0
),+,#0
'#/
-()#'
)).+#(
Æ
*/,#*
*).)#)
(/#(
,*/#'
(,*/#)).#)
),(#,
),.*#+
(/#0
((,'#'
*/()#.
)).#)
-*-#/
,/+,#-
I<HRapport financier 2007
**
('%)&MXi`Xk`fe[\j`ddfY`c`jXk`fejZfigfi\cc\jjlic\j\o\iZ`Z\j)''.\k)''(En millions d’euros)
2007
2006
Jfc[\\e[„Ylk[\g„i`f[\
),.*#+
)*/-#+
;fkXk`fejXloXdfik`jj\d\ekj
,((#-
,('#'
8Zhl`j`k`fej&Xl^d\ekXk`fe
,*(#'
.)0#(
:\jj`fej&[`d`elk`fe
Dflm\d\ekj[\g„i`d…ki\(
8lki\j
(/#.
*0#)
-.#+
(*#*
Æ
(/#/
Jfc[\\eÔe[\g„i`f[\
),+,#0
),.*#+
(%:feZ\ie\ek=iE\k)%
('%*&@ddfY`c`jXk`fejZfigfi\cc\jÔeXeZ„\jgXi[\jZfekiXkj[\cfZXk`feÔeXeZ`…i\
(En millions d’euros)
31 décembre 2007
31 décembre 2006
K\iiX`ej
:fejkilZk`fej
+#+
-.#,
,#.
/.#*
@ddfY`c`jXk`fejZfigfi\cc\jÔeXeZ„\j
gXi[\jZfekiXkj[\cfZXk`feÔeXeZ`…i\
.(#0
0*#'
<e)''.#c\jXdfik`jj\d\ekjZfejkXk„jXlk`ki\[\j`ddfY`c`jXk`fejZfigfi\cc\jÔeXeZ„\jgXi[\jZfekiXkj[\cfZXk`feÔeXeZ`…i\j\jfek„c\m„j~+d`cc`fej[Ë\lifj%
8l*([„Z\dYi\)''.#c\dfekXek[\jcfp\ijd`e`dldi\jkXek~gXp\iXlk`ki\[\j`ddfY`c`jXk`fejZfigfi\cc\jÔeXeZ„\jgXi[\jZfekiXkj[\cfZXk`feÔeXeZ`…i\j˄c…m\
~(-d`cc`fej[Ë\lifj#~„Z_„XeZ\%
Note 11 / Titres mis en équivalence au 31 décembre 2007 et au 31 décembre 2006
((%(&Gi`eZ`gXlok`ki\jd`j\e„hl`mXc\eZ\Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''Pourcentage de contrôle
(En millions d’euros)
31 décembre 2006
31 décembre 2007
31 décembre 2006
*0#/,
+0#'
+'#'
+'#+/
+0#'
+'#'
('0'#,
)*#*
('#-
('(0#-
)*#)
(+#*
(()+#+
(',.#(
E\l]:\^\k\c
J=;
:@;
((%)&8eXcpj\[\cXmXcfi`jXk`fe
[\jk`ki\jE\l]:\^\k\c
8Zhl`j`k`feZfdgc„d\ekX`i\[\'#-.\e)''.1
CXgi`j\[\gXik`Z`gXk`feZfdgc„d\ekX`i\[\'#-.
[XejE\l]:\^\k\c`ek\im\el\c\(/j\gk\dYi\)''.
gfliledfekXek[\+'d`cc`fej[Ë\lifjX[„^X^„
le„ZXik[ËXZhl`j`k`fe[\*)d`cc`fej[Ë\lifj%
@dgkj[`]]„i„j1CËXeXcpj\d\e„\gXic\^iflg\
E\l]:\^\k\cjlijXgfj`k`feÔjZXc\\e)''.
*+
Rapport financier 2007 I<H
Titres mis en équivalence
31 décembre 2007
cËXZfe[l`k~ZfdgkXY`c`j\i[\j`dgkj[`]]„i„j
XZk`]jXlk`ki\[\j[„ÔZ`kji\gfikXYc\j\k[`]]„i\eZ\j
k\dgfi\cc\j%CXZfdgkXY`c`jXk`fe[\cË`dgk[`]]„i„
X„k„c`d`k„\Xlo[`]]„i\eZ\jk\dgfi\cc\j\ki\gfikj
[„ÔZ`kX`i\j[fekcËlk`c`jXk`fe\jkXkk\e[l\aljhlËXl
*([„Z\dYi\)''0%C\j`dgkj[`]]„i„jXZk`m„jgXi
E\l]:\^\k\c#\egifm\eXeZ\[\j[„ÔZ`kji\gfikXYc\j
\k[\j[`]]„i\eZ\jk\dgfi\cc\j[\:\^\k\cJ8Jefe
mXcfi`j„\jc\))Xf”k)'',cfij[\c˄Z_Xe^\[\j
k`ki\j:\^\k\cJ8J\eZfeki\gXik`\[Ële\gXik`Z`gXk`fe
[\)/#)[XejE\l]:\^\k\c#jfeki\Zfeelj[Xej
c\i„jlckXk[\jjfZ`„k„jd`j\j\e„hl`mXc\eZ\\e)''.%
C˄ZXik[ËXZhl`j`k`fe`e`k`Xc\d\ekZfejkXk„cfij
[\c˄Z_Xe^\[\jk`ki\j:\^\k\cJ8J\eZfeki\gXik`\
[Ële\gXik`Z`gXk`fe[\)/#)[XejE\l]:\^\k\c
\jkdf[`Ԅ~_Xlk\li[\j`dgkj[`]]„i„j
i\gi„j\ekXk`]j[\j[„ÔZ`kji\gfikXYc\j
\k[`]]„i\eZ\jk\dgfi\cc\j[Ëfi`^`e\E\l]K\c\Zfd
e„jXek„i`\li\d\ekXl))Xf”k)'',#efemXcfi`j„j
[Xejc˄Z_Xe^\[\k`ki\j%
8eXcpj\[\cXmXcfi`jXk`fe[\jk`ki\jE\l]:\^\k\cjl`k\
(En millions d’euros)
yZXik[ËXZhl`j`k`feXl*([„Z\dYi\)''-
-++#0
@dgkj[`]]„i„jXZk`m„j\e)''.#`dglk„jjlic˄ZXik[ËXZhl`j`k`fe
8Zhl`j`k`fej[\cË\o\iZ`Z\
;`clk`fe
8lki\jdflm\d\ekj
yZXik[ËXZhl`j`k`feXl*([„Z\dYi\)''.
+'#/
*(#.
/#)
)*#-'+#'
8eXcpj\[\cXmXc\li[\jk`ki\jd`j\e„hl`mXc\eZ\E\l]:\^\k\c
(En millions d’euros)
2007
2006
((**#*
+-0#)
/#*
*(#.
Æ
)(*#.
*./#'
+)#'
MXc\liYilk\[\jk`ki\jd`j\e„hl`mXc\eZ\E\l]:\^\k\c
Jfc[\\e[„Ylk[\g„i`f[\
8Zhl`j`k`fe[\cXg„i`f[\
yZXik[ËXZhl`j`k`fe
@eZfigfi\cjXZhl`j[Xejc\ZX[i\[\i\^iflg\d\ekj[Ë\eki\gi`j\
@dgkj[`]]„i„jgXjj`]jjli`eZfigfi\cjXZhl`j
[Xejc\ZX[i\[\i\^iflg\d\ekj[Ë\eki\gi`j\
;`clk`fe
;`jki`Ylk`fe[\[`m`[\e[\j
Hlfk\$gXik[Xejc\i„jlckXke\k[\cXg„i`f[\
I„jlckXk[\cXg„i`f[\
@dgkj[`]]„i„jXZk`]j
@dgkj[`]]„i„jgXjj`]j
Jfc[\\eÔe[\g„i`f[\
Æ
(+#,
(,#*
**#'
0(#0
-'#(
)-#0
+#0
Æ
Æ
++#0
))#.
(0#/
)#+
()(-#0
((**#*
Gifm`j`fejjlik`ki\jd`j\e„hl`mXc\eZ\E\l]:\^\k\c
Jfc[\\e[„Ylk[\g„i`f[\
;`clk`fe
Hlfk\$gXik[Xejc\i„jlckXke\k[\cXg„i`f[\
8dfik`jj\d\ek[\j`ddfY`c`jXk`fej`eZfigfi\cc\jXZhl`j\j
[Xejc\ZX[i\[\i\^iflg\d\ekj[Ë\eki\gi`j\
((*#.
(#,
Æ
('-#Æ
Æ
(+#)
.#(
Jfc[\\eÔe[\g„i`f[\
()-#+
((*#.
MXc\lie\kk\[\jk`ki\jd`j\e„hl`mXc\eZ\E\l]:\^\k\c
Jfc[\\e[„Ylk[\g„i`f[\
('(0#-
*-)#-
-/#+
*(#.
(*#/
**#'
(+#)
)-#0
)*-#+
*./#'
Æ
Æ
*+#0
(0#/
K`ki\jd`j\e„hl`mXc\eZ\
yZXik[ËXZhl`j`k`fe
;`clk`fe
;`jki`Ylk`fe[\[`m`[\e[\j
@eZfigfi\cjXZhl`j[Xejc\ZX[i\[\i\^iflg\d\ekj[Ë\eki\gi`j\
@dgkj[`]]„i„jXZk`]j
@dgkj[`]]„i„jgXjj`]jjli`eZfigfi\cjXZhl`j
[Xejc\ZX[i\[\i\^iflg\d\ekj[Ë\eki\gi`j\
Jfc[\\eÔe[\g„i`f[\
+#0
('0'#,
()#(
('(0#-
MXc\liYflij`…i\[\cËXZk`feE\l]:\^\k\cXl*([„Z\dYi\)''.1*+#-'\lifj%
I<HRapport financier 2007
*,
((%*&MXi`Xk`fe[\cXmXc\li[\jk`ki\jd`j\e„hl`mXc\eZ\jlic\j\o\iZ`Z\j)''.\k)''(En millions d’euros)
Valeur
au 31 décembre 2006
Mouvements
de périmètre
Quote-part dans le
résultat net de la période
Dividendes perçus
Variation des écarts
de conversion et autres
Valeur
au 31 décembre 2007
('(0#)*#)
(+#*
'#'
(',.#(
+'#'
Æ
Æ
)#.
+)#.
..#.
'#(
*#.
,#,
-/#-
**#'
Æ
Æ
Æ
**#'
(*#/
Æ
Æ
-#,
.#*
('0'#,
)*#*
('#-
*#.
(()/#(
E\l]:\^\k\c
J=;
:@;
8lki\j
:fdgk\k\el[\ji…^c\jZfdgkXYc\jXggc`ZXYc\jXloi\^iflg\d\ekj[Ë\eki\gi`j\j\k[\cË`ek„^iXk`fe_`jkfi`hl\[\:\^\k\c[Xejc\jZfdgk\jZfejfc`[„j[\J=I
gi„XcXYc\d\ek~cËXggfik~E\l]:\^\k\c[l))Xf”k)'',#`c\o`jk\[\j„ZXikj`dgfikXekj\eki\cXhlfk\$gXik[\i„jlckXkZfdgkXY`c`j„\gXiJ=IXlk`ki\[\E\l]:\^\k\c
\kc\i„jlckXkglYc`„gXiE\l]:\^\k\c%
((%+&@e]fidXk`fejÔeXeZ`…i\ji\cXk`m\jXlogi`eZ`gXlok`ki\jd`j\e„hl`mXc\eZ\Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''C\j`e]fidXk`fejj`^e`ÔZXk`m\jZfe[\ej„\ji\cXk`m\jXlogi`eZ`gXlok`ki\jd`j\e„hl`mXc\eZ\jfekc\jjl`mXek\j1
31 décembre 2007
(en millions d’euros)
Chiffre d’affaires
Résultat d’exploitation
Résultat net
Endettement net
Total actif
Capitaux propres,
part du groupe
)//
**+/
/
)-)
'
),.
,(
0+,
))0
,'0+
(*
(-.+
Chiffre d’affaires
Résultat d’exploitation
Résultat net
Endettement net
Total actif
Capitaux propres,
part du groupe
),0
)/0.
-
-/
Æ
)(*
+.
,+)
)')
+*/)
(*
(+++
J=;
E\l]:\^\k\c(
31 décembre 2006
(en millions d’euros)
J=;
E\l]:\^\k\c
(%;fee„\j[l^iflg\E\l]:\^\k\cefeXii†k„\j%
Note 12 / Actifs financiers non courants au 31 décembre 2007 et au 31 décembre 2006
(En millions d’euros)
(
HK<
FYc`^Xk`fej
8lki\j
8Zk`]jÔeXeZ`\ijefeZfliXekj
31 décembre 2007
31 décembre 2006
-)+#(
*,#(
0,#,
.,+#-
-/,#,
*,#'
-+#(
./+#-
(%:fdgi\e[c\j[„gkjXjjliXekc\gi„ÔeXeZ\d\ek[\jZfdd`jj`fej[ËXiiXe^\d\ek[\jZfekiXkj[\cfZXk`fe&jflj$cfZXk`feHK<d`j\egcXZ\\e(000\k)''(gXiJ=I#gflii\jg\Zk`m\d\ek-)+d`cc`fej[Ë\lifj\k-/,d`cc`fej
[Ë\lifjXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-j\i„]„i\i~cXefk\(*%+#½8lki\jgXjj`]jefeZfliXekj¾ %
C\jHK<X`ej`hl\c\jfYc`^Xk`fejjfek[\jXZk`]jÔeXeZ`\ij[„k\eljaljhlË~„Z_„XeZ\%
@ceË\o`jk\gXj[\[„gkj\eeld„iX`i\X[fjj„j~[\j\dgilekjXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-%
*-
Rapport financier 2007 I<H
Note 13 / Autres éléments de la variation nette du besoin en fonds de roulement
et autres passifs non courants au 31 décembre 2007 et au 31 décembre 2006
(*%(&MXi`Xk`fee\kk\[lY\jf`e\e]fe[j[\iflc\d\ekjlic\j\o\iZ`Z\j)''.\k)''-
(En millions d’euros)
Au 31 décembre 2006
Flux nets de trésorerie
provenant des activités
d’exploitation
Variation BFR lié
aux immobilisations
Mouvements
de périmètre
Variation des écarts
de conversion et autres
Au 31 décembre 2007
)'0#,
+'#'
Æ
/#.
Æ
),/#)
)(()#,
)-)#'
'#)
.+#+
)+#/
)+)+#*
)*))#'
*')#'
'#)
/*#(
)+#/
)-/)#,
JkfZbj
:i„XeZ\j
[Ë\ogcf`kXk`fe
yc„d\ekj[ËXZk`]
;\kk\j
[Ë\ogcf`kXk`fe
GXik~df`ej[ËleXe[\
cXc`Z\eZ\>JD
*0,-#(
*-*#0
(+#*
)'#+
Æ
(*+#,
Æ
Æ
(*#*
+++.#+
'#-
(+#0
yc„d\ekj
[\gXjj`]
*0.'#+
*-*#0
)'#+
(*+#,
(*#0
++-)#*
Gfj`k`fee\kk\
(-+/#+
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)'#-
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(..0#/
(*%)&:i„XeZ\j[Ë\ogcf`kXk`fe\kXlki\jXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
31 décembre 2007
31 décembre 2006
:i„XeZ\jZc`\ekj
;„gi„Z`Xk`fej[\jZi„XeZ\j[flk\lj\j
(/))#*
(('#.
(+00#,
0)#/
KfkXcZi„XeZ\jZc`\ekj#e\kk\j
(.((#-
(+'-#.
8lki\jZi„XeZ\j[Ë\ogcf`kXk`fe
KfkXcZi„XeZ\j[Ë\ogcf`kXk`fe
:i„XeZ\j_fij\ogcf`kXk`fe
KfkXcZi„XeZ\j[Ë\ogcf`kXk`fe\kXlki\j
.()#.
.',#/
)+)+#*
)(()#,
*/#+
'#/
)+-)#.
)((*#*
(*%*&9XcXeZ\^„\[\jZi„XeZ\j„Z_l\jefegifm`j`fee„\j
(En millions d’euros)
:c`\ekjm\ek\jY`\ej\k
j\im`Z\j
:c`\ekj
[`jki`Ylk\lij
:c`\ekj[`i\Zkj
:i„XeZ\j„Z_l\jefe
gifm`j`fee„\j
Total
Échues non provisionnées
De 0 à 30 jours
De 31 à 60 jours
De 61 à 90 jours
Plus de 91 jours
))/#*
)-#-
**#(
*,#+
(**#)
*#)
Æ
)#,
'#+
'#+
'#(
Æ
'#'
'#'
'#(
)*(#-
)-#-
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I<HRapport financier 2007
*.
(*%+&;\kk\j[Ë\ogcf`kXk`fe\kXlki\jXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-
(En millions d’euros)
31 décembre 2007
31 décembre 2006
)-()#+
(/+0#0
)(+/#.
(/)(#.
++-)#*
*0.'#+
'#*
-)#(
++-)#-
+'*)#,
31 décembre 2007
31 décembre 2006
-+0#.
.(+#-
)*.#0
//.#-
)-0#-
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8lki\j[\kk\j[Ë\ogcf`kXk`fe
KfkXc[\kk\j[Ë\ogcf`kXk`fe
;\kk\j_fij\ogcf`kXk`fe
KfkXc[\kk\j[Ë\ogcf`kXk`fe\kXlki\j
(*%,&8lki\jgXjj`]jefeZfliXekjXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
Cfp\ijgXp„j[ËXmXeZ\Xlk`ki\
[\jfg„iXk`fej[\cfZXk`fe&jflj$cfZXk`feHK<
GXik~gclj[ËleXe[\cXc`Z\eZ\>JD
Note 14 / Trésorerie et équivalents de trésorerie au 31 décembre 2007 et au 31 décembre 2006
(En millions d’euros)
31 décembre 2007
31 décembre 2006
,0#)
0)#,
0)#0
(,#'
(,(#.
('.#0
;`jgfe`Y`c`k„j
yhl`mXc\ekj[\ki„jfi\i`\
Ki„jfi\i`\\k„hl`mXc\ekj[\ki„jfi\i`\
Note 15 / Informations relatives aux capitaux propres au 31 décembre 2007 et au 31 décembre 2006
(,%(&@ejkild\ekjÔeXeZ`\ijZfdgfj„jXl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''-
E„Xek
(,%)&EfdYi\[ËXZk`fej\eZ`iZlcXk`fe\k[if`kj[\mfk\Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''31 décembre 2007
31 décembre 2006
/0,-*-,(+(
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'#(,
/0,-*-,(+(
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'#(,
8Zk`fejfi[`eX`i\j
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CËXjj\dYc„\^„e„iXc\[l)(dXij)''.X\ek„i`e„
c\m\ij\d\ek[Ële[`m`[\e[\[\)-0d`cc`fej[Ë\lifj
Xlk`ki\[li„jlckXk)''-%
;Xejc\ZX[i\[\cËXii†k„[\jZfdgk\j[\cË\o\iZ`Z\
)''.\k[\cËX]]\ZkXk`fe[li„jlckXk[\cË\o\iZ`Z\#
c\Zfej\`c[ËX[d`e`jkiXk`fe[XejjXi„le`fe
*/
Rapport financier 2007 I<H
[l(,]„mi`\i)''/X[„Z`[„[\gifgfj\iXlo
XZk`feeX`i\j[\d\kki\\egX`\d\ekle[`m`[\e[\
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[`jki`Ylk`fe^cfYXc\[\(+**d`cc`fej[Ë\lifj%
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[„Z`[„gXic\Zfej\`c[ËX[d`e`jkiXk`fe[l+dX`)''.%
LeXZfdgk\jli[`m`[\e[\j[\,*.d`cc`fej[Ë\lifj
X„k„[„Z`[„gXic\Zfej\`c[ËX[d`e`jkiXk`fe
[l)/Xf”k)''.%
LeXZfdgk\jli[`m`[\e[\j[\++/d`cc`fej[Ë\lifj
X„k„[„Z`[„gXic\Zfej\`c[ËX[d`e`jkiXk`fe
[l.efm\dYi\)''.%:\kXZfdgk\X„k„gXp„
c\(-aXem`\i)''/%
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X„k„[„Z`[„gXic\Zfej\`c[ËX[d`e`jkiXk`fe
[l(,]„mi`\i)''/%
Note 16 / Provisions au 31 décembre 2007 et au 31 décembre 2006
(En millions d’euros)
Solde
au 31 décembre 2006
Dotations
(+#+
+#.
'#.
Æ
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Utilisation
Reprises
et changements
d’estimation
Mouvements
de périmètre et autres
Solde
au 31 décembre 2007
Æ
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df`ej`dgfikXek\jhl\Z\cc\jgifm`j`fee„\j
Xl*([„Z\dYi\)''-%
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[\cXgifm`j`fe\jkc`„\[Ële\gXik~cX[`d`elk`fe
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c\ZX[i\[lZfekic\ÔjZXc[\cËXee„\)''(%CXgXik
efelk`c`j„\Zfii\jgfe[~[\jZfek\ek`\lojfc[„j
XlZflij[\cË\o\iZ`Z\)''.XlY„e„ÔZ\[\J=I%
Note 17 / Régime d’avantages au personnel au 31 décembre 2007 et au 31 décembre 2006
(.%(&?pgfk_…j\jlk`c`j„\jgflic˄mXclXk`fe
C\j_pgfk_…j\ji\k\el\jgflic˄mXclXk`fe[\j\e^X^\d\ekj\kcX[„k\id`eXk`fe[li\e[\d\ekXkk\e[l[\jgcXZ\d\ekjjfekc\jjl`mXek\j1
Prestations de retraite
KXlo[ËXZklXc`jXk`fe
KXlo[\i\e[\d\ekXkk\e[l[\jgcXZ\d\ekj
KXlo[ËXl^d\ekXk`fe[\jjXcX`i\j
2007
2006
,#*
+#(
)#/
+#*
+#(
*#'
I<HRapport financier 2007
*0
(.%)&8eXcpj\[\j\e^X^\d\ekje\kj
Xlk`ki\[\ji\kiX`k\j\k[\jgi\jkXk`fej
Zfdgc„d\ekX`i\jXlo*(&()&)''.\k)'':fe]fid„d\ek~cXcf`[l)(Xf”k)''*i\cXk`m\
~cXi„]fid\[\ji\kiX`k\j#cX[\kk\XZklXi`\cc\
Xl*([„Z\dYi\)''.\jk„mXcl„\j\cfec\j
_pgfk_…j\jjl`mXek\j1
ÆD`j\~cXi\kiX`k\~cË`e`k`Xk`m\[\cË\dgcfp\li~-,Xej%
ÆKXlo[ËXZklXc`jXk`fe1,#*%
ÆKXlo[Ë`eÕXk`fe1)%
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C\jZfeki`Ylk`fejfek„k„ZfdgkXY`c`j„\j
Zfe]fid„d\ek~cXcf`[\ÔeXeZ\d\ek
[\cXJ„Zli`k„jfZ`Xc\[l(0[„Z\dYi\)''.#
jf`k),\e)''/\k,'~Zfdgk\i[\)''0%
:\Z_Xe^\d\ek[Ë\jk`dXk`fe[\cXmXc\li
[\cË\e^X^\d\ekX]]\Zk\c\Zfdgk\[\i„jlckXk)''.%
C\Z_Xe^\d\ek[\kXlo[ËXZklXc`jXk`feX`ej`hl\
cXgi`j\\eZfdgk\[\jZfeki`Ylk`fejeË\ekiXŠe\ek
gXj[Ë`dgXZkj`^e`ÔZXk`]jlic\jZfdgk\j%
C\kXYc\XlZ`$[\jjfljgi„j\ek\c˄mfclk`fe
[\cXmXc\li[\j\e^X^\d\ekj\k[\cXaljk\mXc\li
[\jXZk`]j[\Zflm\ikli\X`ej`hl\cXZflm\ikli\
ÔeXeZ`…i\\kc\gXjj`]e\kZfdgkXY`c`j„XlY`cXegfli
c\j\o\iZ`Z\jZcfjXlo*([„Z\dYi\)''.\k)''-%
(En millions d’euros)
ymfclk`fe[\cXmXc\li[\j\e^X^\d\ekj
MXc\li[\j\e^X^\d\ekj\e[„Ylk[Ë\o\iZ`Z\
:f”k[\jj\im`Z\ji\e[lj
:f”k[\cËXZklXc`jXk`fe
8Zhl`j`k`fej
C`hl`[Xk`fej
G\ik\j^X`ej XZklXi`\cj
Gi\jkXk`fejgXp„\j
MXc\li[\j\e^X^\d\ekj\eÔe[Ë\o\iZ`Z\
;fek\e^X^\d\ekjefeÔeXeZ„j
;fek\e^X^\d\ekjÔeXeZ„jkfkXc\d\ekflgXik`\cc\d\ek
2007
2006
(0#-
)#+
'#/
'#(
'#(#0
(#'
)*#)
(/#-
)#/
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Æ
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+#/
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-#(
'#)
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ymfclk`fe[\jXZk`]j[\Zflm\ikli\
Aljk\mXc\li[\jXZk`]j[\Zflm\ikli\\e[„Ylk[Ë\o\iZ`Z\
I\e[\d\ekXkk\e[l[\jgcXZ\d\ekj
>X`ejg\ik\j XZklXi`\cj
:fk`jXk`fejm\ij„\jXlo]fe[jgXicË\dgcfp\li
C`hl`[Xk`fej
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8Zk`fej
FYc`^Xk`fej
@ddfY`c`\i
8lki\j
KfkXc
+'
Rapport financier 2007 I<H
2007
2006
(0#'
.+#'
-#'
(#'
(''#'
(+#'
.-#,
+#+#'
,#(#'
(''#'
(.%+&8eXcpj\[\cXZ_Xi^\ZfdgkXY`c`j„\jlic\j\o\iZ`Z\j)''.\k)''-
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(En millions d’euros)
2007
2006
:f”k[\jj\im`Z\ji\e[lj
:f”k[\cËXZklXc`jXk`fe
I\e[\d\ekXkk\e[l[\jgcXZ\d\ekj
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:_Xi^\[\cXg„i`f[\
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(En millions d’euros)
2007
GXjj`]e\kZfdgkXY`c`j„\e[„Ylk[Ë\o\iZ`Z\
2006
()#0
:_Xi^\[\cXg„i`f[\
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8Zhl`j`k`fej
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/#+
+#0
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+#+
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Note 18 / Emprunts et autres passifs financiers à long terme au 31 décembre 2007 et au 31 décembre 2006
(/%(%8eXcpj\[\j\dgilekj\kXlki\jgXjj`]jÔeXeZ`\ij~cfe^k\id\Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
Fg„iXk`fej[\cfZXk`feÔeXeZ\d\ek
<dgilekfYc`^XkX`i\[\-''d`cc`fej
[Ë\lifjal`cc\k)'',
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[\+''d`cc`fej[Ë\lifjfZkfYi\)''8mXeZ\jXZk`feeX`i\j
8lki\j
MXc\li[\i\dYflij\d\ek[\j
\dgilekj
JnXgj[\kXlo[Ë`ek„i†k
MXc\li[\jXlki\j
`ejkild\ekj[„i`m„j
<dgilekj\kXlki\jgXjj`]j
ÔeXeZ`\ij~cfe^k\id\
Taux d’intérêt (%)
contractuel
Taux effectif global
(%) après couverture
Échéance
31 décembre 2007
31 décembre 2006
<li`Yfi"'#-0'
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I<HRapport financier 2007
+(
(/%)&M\ek`cXk`fegXidXkli`k„\kgXieXkli\[\kXlo[Ë`ek„i†k[\cXmXc\li[\i\dYflij\d\ek[\j\dgilekj
Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
M\ek`c„\jgXidXkli`k„
[\jZfekiXkj1
yZ_„XeZ\~gclj[ËleXe
\k[\loXejXlgclj
yZ_„XeZ\~gclj[\[\loXej
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\khlXki\XejXlgclj
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\kZ`ehXejXlgclj
yZ_„XeZ\~gclj[\Z`ehXej
KfkXc
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Xgi…jZflm\ikli\
KXlo[Ë`ek„i†kmXi`XYc\
KfkXc
31 décembre 2007
31 décembre 2006
.'/#.
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Note 19 / Emprunts et autres passifs financiers à court terme au 31 décembre 2007 et au 31 décembre 2006
(0%(&8eXcpj\[\j\dgilekj\kXlki\jgXjj`]jÔeXeZ`\ij~Zflikk\id\Xl*([„Z\dYi\)''.\kXl*([„Z\dYi\)''(En millions d’euros)
9`cc\kj[\ki„jfi\i`\
:feZflijYXeZX`i\j
<dgilekfYc`^XkX`i\Xmi`c)''<dgilekfYc`^XkX`i\fZkfYi\)''8lki\j
<dgilekj\kXlki\jgXjj`]j
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Taux d’intérêt
(%) contractuel
31 décembre 2007
31 décembre 2006
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et au 31 décembre 2006
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avec les parties liées
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Note 22 / Engagements contractuels et actifs et passifs éventuels
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Rapport financier 2007 I<H
Loyers futurs
minimum total
Échéance
2008
2009
2010
2011
2012
Après 2012
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Note 23 / Liste des principales sociétés consolidées au 31 décembre 2007
IG : intégration globale, MEE : mise en équivalence
Détentrices des titres
Intérêts du groupe
Méthode de consolidation
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Détentrices des titres
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Méthode de consolidation
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Note 24 / Événements postérieurs à la clôture
E„Xek%
I<HRapport financier 2007
+0
Rapport des commissaires aux comptes
sur les comptes consolidés
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1 / Opinion sur
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