2008-01-18 14:20:03 CET
2008-01-18 14:20:18 CET
REGULATED INFORMATION
Cencorp - Company Announcement
Cencorp Corporation writes down deferred tax assets
Consolidated financial statements of Cencorp Corporation per December 31, 2005 included deferred tax assets worth of 1.690 million euros. Deferred tax assets were also noticed in the interim reports April 27, 2006, August 17, 2006, October 19, 2006 and in the consolidated financial statements December 31, 2006 and in the interim reports May 10, 2007, August 21, 2007 and November 6, 2007. Company has reappraised booking principles based on IAS 12.34 - 36 and IAS 12.56 of deferred tax assets. Furthermore, as part of an internal evaluation process related to the preparation of financial statements January 1- December 31, 2007 company has discussed with the Finnish Financial Supervision Authority concerning interpretation of IFRS standards. Based on the above referred, the Board of Directors of Cencorp Corporation have decided to adjust reference data concerning booking of deferred tax assets of years 2005 and 2006 according to IAS 8 in financial statements 2007. Corresponding adjustment concerning reference data will be included also to the interim reports dated on April 27, 2006, August 17, 2006, October 19, 2006, May 10, 2007, August 21, 2007 and November 6, 2007 (look more closely reference data table in annex 1). Figures are not audited. Based on concluded adjustment, the deferred tax assets will not be included anymore in the financial statements January 1- December 31, 2007. Adjustment affects to the equity of the consolidated Cencorp Corporation but not to the equity of the parent company, so it is not relevant when calculating the equity ratio of Cencorp Corporation. Cencorp Corporation publishes stock exchange release concerning financial statements 2007 on February 28, 2008. In Lohja, January18, 2008 Cencorp Corporation BOARD OF DIRECTORS Further information: Jouni Suutarinen CEO Tel. +358 19 6610 100 Cencorp develops and supplies automation solutions to the electronics and semiconductor industry that enhance productivity. Distribution: Helsinki Stock Exchanges Main media www.cencorp.com Neither this press release nor any copy of it may be taken, transmitted into or distributed in the United States of America or its territories or possessions. -------------------------------------------------------------------------------- | CONSOLIDATED INCOME | | | | | | | | | | STATEMENT | | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- | EUR 1 000 | | 1-12 | 1-3/ | 1-6/ | 1-9/ | 1-12 | 1-3/ | 1-6/ | 1-9/2 | | | | /200 | 2006 | 2006 | 2006 | /200 | 2007 | 2007 | 007 | | | | 5 | | | | 6 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | | 35 | 5 | 6 | 15 | 19 | 3 | 7 | 13 | | | | 308 | 943 | 817 | 761 | 974 | 820 | 897 | 985 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other | | 1 | 78 | 49 | 181 | 446 | 37 | 140 | 185 | | operating | | 215 | | | | | | | | | income | | | | | | | | | | -------------------------------------------------------------------------------- | Expenses, | | -34 | -6 | -6 | -17 | -22 | -4 | -9 | -15 | | total | | 582 | 972 | 421 | 127 | 459 | 566 | 099 | 021 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Depreciations and | -1 | -291 | -304 | -885 | -1 | -309 | -592 | -741 | | write-downs | 181 | | | | 309 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating | | 760 | -1 | 141 | -2 | -3 | -1 | -1 | -1 | | result | | | 242 | | 070 | 348 | 018 | 654 | 592 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Financial income | -471 | -197 | -332 | -900 | -1 | -317 | -651 | -1 | | and expenses | | | | | 526 | | | 073 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Result | | 289 | -1 | -191 | -2 | -4 | -1 | -2 | -2 | | before | | | 439 | | 970 | 874 | 335 | 305 | 665 | | taxes | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income | | 1 | -27 | 14 | -20 | -25 | 1 | -12 | 30 | | taxes | | 602 | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Consolidat | | 1 | -1 | -177 | -2 | -4 | -1 | -2 | -2 | | ed net | | 891 | 466 | | 990 | 899 | 334 | 317 | 635 | | result | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CONSOLIDATED | | | | | | | | | | BALANCE SHEET | | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- | EUR 1 000 | | 31.1 | 31.0 | 30.0 | 30.9 | 31.1 | 31.0 | 30.0 | 30.09 | | | | 2.20 | 3.20 | 6.20 | .200 | 2.20 | 3.20 | 6.20 | .2007 | | | | 05 | 06 | 06 | 6 | 06 | 07 | 07 | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASSETS | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Tangible | | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 614 | | assets | | 251 | 202 | 124 | 062 | 641 | 585 | 672 | | -------------------------------------------------------------------------------- | Investment | | 992 | 987 | 977 | 968 | 341 | 338 | 337 | 336 | | property | | | | | | | | | | -------------------------------------------------------------------------------- | Goodwill | | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 028 | | | | 902 | 902 | 902 | 902 | 028 | 028 | 028 | | -------------------------------------------------------------------------------- | Other | | 1 | 1 | 1 | 1 | 1 | 942 | 587 | 526 | | intangible | | 569 | 606 | 404 | 190 | 155 | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Incomplete product | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 289 | | development | 334 | 189 | 231 | 277 | 199 | 239 | 273 | | | projects | | | | | | | | | -------------------------------------------------------------------------------- | Deferred | | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 781 | | tax asset | | 895 | 739 | 803 | 803 | 723 | 726 | 725 | | -------------------------------------------------------------------------------- | Available-fos-sale | 21 | 20 | 20 | 20 | 17 | 17 | 17 | 17 | | investments | | | | | | | | | -------------------------------------------------------------------------------- | | | 9 | 9 | 9 | 9 | 8 | 7 | 7 | 7 591 | | | | 964 | 645 | 461 | 222 | 104 | 875 | 639 | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Short-term | | | | | | | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Inventorie | | 5 | 5 | 4 | 5 | 5 | 4 | 4 | 5 157 | | s | | 661 | 508 | 863 | 569 | 188 | 841 | 782 | | -------------------------------------------------------------------------------- | Accounts | | 8 | 7 | 8 | 4 | 5 | 4 | 3 | 4 652 | | receivable | | 051 | 501 | 250 | 974 | 589 | 601 | 837 | | -------------------------------------------------------------------------------- | Other | | 1 | 667 | 690 | 734 | 1 | 1 | 1 | 911 | | short-term | | 119 | | | | 323 | 281 | 075 | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Cash and | | 319 | 163 | 292 | 181 | 937 | 980 | 923 | 1 210 | | bank | | | | | | | | | | | receivable | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 15 | 13 | 14 | 11 | 13 | 11 | 10 | 11 | | | | 150 | 839 | 095 | 458 | 037 | 703 | 617 | 930 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total | | 25 | 23 | 23 | 20 | 21 | 19 | 18 | 19 | | assets | | 114 | 484 | 556 | 680 | 141 | 578 | 256 | 521 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LIABILITIES AND | | | | | | | | | | SHAREHOLDERS' | | | | | | | | | | EQUITY | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholde | | | | | | | | | | | rs' equity | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share | | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 425 | | capital | | 125 | 125 | 125 | 125 | 425 | 425 | 425 | | -------------------------------------------------------------------------------- | Other | | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 6 268 | | equity | | 158 | 158 | 158 | 599 | 432 | 695 | 432 | | | fund | | | | | | | | | | -------------------------------------------------------------------------------- | Fair value | | 441 | 441 | 441 | | | | | | | fund | | | | | | | | | | -------------------------------------------------------------------------------- | Non-restri | | -861 | -2 | -2 | -4 | -5 | -6 | -7 | -8 | | cted | | | 397 | 886 | 226 | 224 | 826 | 533 | 244 | | equity | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 6 | 5 | 4 | 3 | 2 | 1 | 324 | 1 449 | | shareholde | | 863 | 327 | 838 | 498 | 633 | 294 | | | | rs' equity | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | loans | | | | | | | | | | -------------------------------------------------------------------------------- | Deferred | | 6 | 5 | 5 | 5 | 10 | 10 | 10 | 10 | | tax | | 038 | 463 | 484 | 499 | 356 | 426 | 426 | 422 | | liability | | | | | | | | | | -------------------------------------------------------------------------------- | Long-term | | 40 | 42 | 333 | 314 | 361 | 331 | 332 | 334 | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 46 | 27 | 129 | 111 | | | | | | long-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 6 | 5 | 5 | 5 | 10 | 10 | 10 | 10 | | | | 124 | 532 | 946 | 924 | 717 | 757 | 758 | 756 | -------------------------------------------------------------------------------- | Short-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Accounts payable | | | | | | | | | | and other | | | | | | | | | | liabilities | | | | | | | | | -------------------------------------------------------------------------------- | Short-term | | 5 | 7 | 6 | 5 | 4 | 4 | 4 | 3 946 | | loans | | 774 | 200 | 282 | 114 | 450 | 078 | 599 | | -------------------------------------------------------------------------------- | Long-term | | 4 | 4 | 5 | 5 | 1 | 2 | 1 | 1 912 | | loans | | 482 | 059 | 190 | 221 | 394 | 030 | 298 | | | shortening | | | | | | | | | | -------------------------------------------------------------------------------- | Tax | | 1 | 1 | 1 | 789 | 1 | 1 | 1 | 1 261 | | liabilitie | | 535 | 188 | 150 | | 824 | 338 | 240 | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Short-term | | 40 | 27 | 13 | 20 | 25 | 0 | | 0 | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 296 | 151 | 137 | 114 | 98 | 81 | 37 | 197 | | short-term | | | | | | | | | | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | | | 12 | 12 | 12 | 11 | 7 | 7 | 7 | 7 316 | | | | 127 | 625 | 772 | 258 | 791 | 527 | 174 | | -------------------------------------------------------------------------------- | Total | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 18 | 18 | 18 | 17 | 18 | 18 | 17 | 18 | | | | 251 | 157 | 718 | 182 | 508 | 284 | 932 | 072 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total liabilities | 25 | 23 | 23 | 20 | 21 | 19 | 18 | 19 | | and shareholders' | 114 | 484 | 556 | 680 | 141 | 578 | 256 | 521 | | equity | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | GROUP KEY | | | | | | | | | | | FIGURES | | | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR 1 000 | | 1-12 | 1-3/ | 1-6/ | 1-9/ | 1-12 | 1-3/ | 1-6/ | 1-9/2 | | | | /200 | 2006 | 2006 | 2006 | /200 | 2007 | 2007 | 007 | | | | 5 | | | | 6 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | | 35 | 5 | 12 | 15 | 19 | 3 | 7 | 13 | | | | 308 | 943 | 760 | 761 | 974 | 820 | 897 | 985 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating | | 760 | -1 | -1 | -2 | -3 | -1 | -1 | -1 | | result | | | 242 | 101 | 070 | 348 | 018 | 654 | 592 | -------------------------------------------------------------------------------- | % of net | | 2.2 | -20. | -8.6 | -13. | -16. | -26. | -20. | -11.4 | | sales | | % | 9 % | % | 1 % | 8 % | 6 % | 9 % | % | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Result | | 105 | -1 | -1 | -2 | -4 | -1 | -2 | -2 | | before | | | 439 | 630 | 970 | 874 | 335 | 305 | 665 | | taxes | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 0.3 | -24. | -12. | -18. | -24. | -34. | -29. | -19.1 | | sales | | % | 2 % | 8 % | 8 % | 4 % | 9 % | 20 % | % | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total | | 25 | 23 | 23 | 20 | 21 | 19 | 18 | 19 | | assets | | 114 | 484 | 556 | 680 | 141 | 578 | 256 | 521 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity | | 27.5 | 22.8 | 20.7 | 17.1 | 12.7 | 6.8 | 1.9 | 7.5 % | | ratio, % | | % | % | % | % | % | % | % | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gearing | | 171. | 197. | 232. | 308. | 467. | 1 | 4014 | 925.8 | | ratio, % | | 0 % | 8 % | 6 % | 9 % | 9 % | 064. | .2 % | % | | | | | | | | | 5 % | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross | | 1 | 117 | 186 | 233 | 436 | 45 | 85 | 136 | | investment | | 767 | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 5.0 | 2.0 | 1.5 | 1.5 | 2.2 | 1.2 | 1.1 | 1.0 % | | sales | | % | % | % | % | % | % | % | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | R&D | | 2 | 187 | 254 | 429 | 512 | 203 | 466 | 598 | | expenditur | | 201 | | | | | | | | | e | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 6.2 | 3.1 | 2.0 | 2.7 | 2.6 | 5.3 | 5.9 | 4.3 % | | sales | | % | % | % | % | % | % | % | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Personnel, | | 214 | 205 | 199 | 191 | 185 | 139 | 135 | 134 | | average | | | | | | | | | | -------------------------------------------------------------------------------- | Personnel, | | 205 | 202 | 187 | 169 | 156 | 132 | 132 | 131 | | at end of | | | | | | | | | | | period | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-intere | | 5 | 7 | 6 | 6 | 4 | 3 | 4 | 3 881 | | st bearing | | 613 | 447 | 790 | 210 | 835 | 801 | 371 | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Interest | | 12 | 10 | 11 | 10 | 14 | 15 | 14 | 14 | | bearing | | 055 | 710 | 530 | 972 | 610 | 036 | 157 | 625 | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Per-share | | | | | | | | | | | key | | | | | | | | | | | figures | | | | | | | | | | -------------------------------------------------------------------------------- | Equity per | | 0.06 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.0 | -0.10 | | share, EUR | | | 4 | 5 | 9 | 4 | 5 | 9 | | -------------------------------------------------------------------------------- | Earnings per share, | 0.06 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.0 | -0.08 | | EUR/share (diluted) | | 4 | 5 | 9 | 5 | 4 | 7 | | | | | | | | | | | | -------------------------------------------------------------------------------- | Earnings per share, | 0.22 | 0.17 | 0.15 | 0.11 | 0.08 | 0.04 | 0.01 | 0.04 | | EUR/share | | | | | | | | | | (undiluted) | | | | | | | | | | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share | | | | | | | | | | | price | | | | | | | | | | | trend | | | | | | | | | | -------------------------------------------------------------------------------- | High, | | 1.92 | 1.29 | 1.29 | 1.29 | 1.33 | 0.46 | 0.46 | 0.46 | | euros | | | | | | | | | | -------------------------------------------------------------------------------- | Low, euros | | 0.60 | 0.93 | 0.68 | 0.54 | 0.42 | 0.30 | | 0.27 | -------------------------------------------------------------------------------- | Average, | | 1.32 | 1.11 | 0.99 | 0.93 | 0.81 | 0.40 | 0.37 | 0.38 | | euros | | | | | | | | | | -------------------------------------------------------------------------------- | Price at | | 1.23 | 1.00 | 0.71 | 0.54 | 0.44 | 0.31 | 0.40 | 0.35 | | end of | | | | | | | | | | | period, | | | | | | | | | | | euros | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Market | 38 | 31 | 22 | 17 | 15 | 11 | 14 | 12 | | capitalization at | | | | | | | | | | end of period, EUR | | | | | | | | | | millions | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | RESTATED CONSOLIDATED | | | | | | | | | INCOME STATEMENT | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- | EUR 1 000 | | 1-12 | 1-3/ | 1-6/ | 1-9/ | 1-12 | 1-3/ | 1-6/2 | 1-9/2 | | | | /200 | 2006 | 2006 | 2006 | /200 | 2007 | 007 | 007 | | | | 5 | | | | 6 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | | 35 | 5 | 6 | 15 | 19 | 3 | 7 897 | 13 | | | | 308 | 943 | 817 | 761 | 974 | 820 | | 985 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other | | 1 | 78 | 49 | 181 | 446 | 37 | 140 | 185 | | operating | | 215 | | | | | | | | | income | | | | | | | | | | -------------------------------------------------------------------------------- | Expenses, | | -34 | -6 | -6 | -17 | -22 | -4 | -9 | -15 | | total | | 582 | 972 | 421 | 127 | 459 | 566 | 099 | 021 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Depreciations and | -1 | -291 | -304 | -885 | -1 | -309 | -592 | -741 | | write-downs | 181 | | | | 309 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating | | 760 | -1 | 141 | -2 | -3 | -1 | -1 | -1 | | result | | | 242 | | 070 | 348 | 018 | 654 | 592 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Financial income | -471 | -197 | -332 | -900 | -1 | -317 | -651 | -1 | | and expenses | | | | | 526 | | | 073 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Result | | 289 | -1 | -191 | -2 | -4 | -1 | -2 | -2 | | before | | | 439 | | 970 | 874 | 335 | 305 | 665 | | taxes | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Income | | -88 | -27 | 14 | -20 | -25 | 1 | -12 | 30 | | taxes | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Consolidat | | 201 | -1 | -177 | -2 | -4 | -1 | -2 | -2 | | ed net | | | 466 | | 990 | 899 | 334 | 317 | 635 | | result | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | RESTATED | | | | | | | | | | CONSOLIDATED | | | | | | | | | | BALANCE SHEET | | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- | EUR 1 000 | | 31.1 | 31.0 | 30.0 | 30.9 | 31.1 | 31.0 | 30.06 | 30.09 | | | | 2.20 | 3.20 | 6.20 | .200 | 2.20 | 3.20 | .2007 | .2007 | | | | 05 | 06 | 06 | 6 | 06 | 07 | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASSETS | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Tangible | | 2 | 2 | 2 | 2 | 1 | 1 | 1 672 | 1 614 | | assets | | 251 | 202 | 124 | 062 | 641 | 585 | | | -------------------------------------------------------------------------------- | Investment | | 992 | 987 | 977 | 968 | 341 | 338 | 337 | 336 | | property | | | | | | | | | | -------------------------------------------------------------------------------- | Goodwill | | 1 | 1 | 1 | 1 | 2 | 2 | 2 028 | 2 028 | | | | 902 | 902 | 902 | 902 | 028 | 028 | | | -------------------------------------------------------------------------------- | Other | | 1 | 1 | 1 | 1 | 1 | 942 | 587 | 526 | | intangible | | 569 | 606 | 404 | 190 | 155 | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Incomplete product | 1 | 1 | 1 | 1 | 1 | 1 | 1 273 | 1 289 | | development | 334 | 189 | 231 | 277 | 199 | 239 | | | | projects | | | | | | | | | -------------------------------------------------------------------------------- | Deferred | | 205 | 49 | 113 | 113 | 33 | 36 | 35 | 91 | | tax asset | | | | | | | | | | -------------------------------------------------------------------------------- | Available-fos-sale | 21 | 20 | 20 | 20 | 17 | 17 | 17 | 17 | | investments | | | | | | | | | -------------------------------------------------------------------------------- | | | 8 | 7 | 7 | 7 | 6 | 6 | 5 949 | 5 901 | | | | 274 | 955 | 771 | 532 | 414 | 185 | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Short-term | | | | | | | | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Inventorie | | 5 | 5 | 4 | 5 | 5 | 4 | 4 782 | 5 157 | | s | | 661 | 508 | 863 | 569 | 188 | 841 | | | -------------------------------------------------------------------------------- | Accounts | | 8 | 7 | 8 | 4 | 5 | 4 | 3 837 | 4 652 | | receivable | | 051 | 501 | 250 | 974 | 589 | 601 | | | -------------------------------------------------------------------------------- | Other | | 1 | 667 | 690 | 734 | 1 | 1 | 1 075 | 911 | | short-term | | 119 | | | | 323 | 281 | | | | assets | | | | | | | | | | -------------------------------------------------------------------------------- | Cash and | | 319 | 163 | 292 | 181 | 937 | 980 | 923 | 1 210 | | bank | | | | | | | | | | | receivable | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 15 | 13 | 14 | 11 | 13 | 11 | 10 | 11 | | | | 150 | 839 | 095 | 458 | 037 | 703 | 617 | 930 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total | | 23 | 21 | 21 | 18 | 19 | 17 | 16 | 17 | | assets | | 424 | 794 | 866 | 990 | 451 | 888 | 566 | 831 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LIABILITIES AND | | | | | | | | | | SHAREHOLDERS' | | | | | | | | | | EQUITY | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholde | | | | | | | | | | | rs' equity | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share | | 3 | 3 | 3 | 3 | 3 | 3 | 3 425 | 3 425 | | capital | | 125 | 125 | 125 | 125 | 425 | 425 | | | -------------------------------------------------------------------------------- | Other | | 4 | 4 | 4 | 4 | 4 | 4 | 4 432 | 6 268 | | equity | | 158 | 158 | 158 | 599 | 432 | 695 | | | | fund | | | | | | | | | | -------------------------------------------------------------------------------- | Fair value | | 441 | 441 | 441 | | | 0 | | | | fund | | | | | | | | | | -------------------------------------------------------------------------------- | Non-restri | | -2 | -4 | -4 | -5 | -6 | -8 | -9 | -9 | | cted | | 551 | 087 | 576 | 916 | 914 | 516 | 223 | 934 | | equity | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 5 | 3 | 3 | 1 | 943 | -396 | -1 | -241 | | shareholde | | 173 | 637 | 148 | 808 | | | 366 | | | rs' equity | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Long-term | | | | | | | | | | | loans | | | | | | | | | | -------------------------------------------------------------------------------- | Deferred | | 6 | 5 | 5 | 5 | 10 | 10 | 10 | 10 | | tax | | 038 | 463 | 484 | 499 | 356 | 426 | 426 | 422 | | liability | | | | | | | | | | -------------------------------------------------------------------------------- | Long-term | | 40 | 42 | 333 | 314 | 361 | 331 | 332 | 334 | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 46 | 27 | 129 | 111 | | | | | | long-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 6 | 5 | 5 | 5 | 10 | 10 | 10 | 10 | | | | 124 | 532 | 946 | 924 | 717 | 757 | 758 | 756 | -------------------------------------------------------------------------------- | Short-term | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Accounts payable | | | | | | | | | | and other | | | | | | | | | | liabilities | | | | | | | | | -------------------------------------------------------------------------------- | Short-term | | 5 | 7 | 6 | 5 | 4 | 4 | 4 599 | 3 946 | | loans | | 774 | 200 | 282 | 114 | 450 | 078 | | | -------------------------------------------------------------------------------- | Long-term | | 4 | 4 | 5 | 5 | 1 | 2 | 1 298 | 1 912 | | loans | | 482 | 059 | 190 | 221 | 394 | 030 | | | | shortening | | | | | | | | | | -------------------------------------------------------------------------------- | Tax | | 1 | 1 | 1 | 789 | 1 | 1 | 1 240 | 1 261 | | liabilitie | | 535 | 188 | 150 | | 824 | 338 | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Short-term | | 40 | 27 | 13 | 20 | 25 | 0 | | 0 | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | Total | | 296 | 151 | 137 | 114 | 98 | 81 | 37 | 197 | | short-term | | | | | | | | | | | reserves | | | | | | | | | | -------------------------------------------------------------------------------- | | | 12 | 12 | 12 | 11 | 7 | 7 | 7 174 | 7 316 | | | | 127 | 625 | 772 | 258 | 791 | 527 | | | -------------------------------------------------------------------------------- | Total | | | | | | | | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | | | 18 | 18 | 18 | 17 | 18 | 18 | 17 | 18 | | | | 251 | 157 | 718 | 182 | 508 | 284 | 932 | 072 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total liabilities | 23 | 21 | 21 | 18 | 19 | 17 | 16 | 17 | | and shareholders' | 424 | 794 | 866 | 990 | 451 | 888 | 566 | 831 | | equity | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | RESTATED GROUP | | | | | | | | | | KEY FIGURES | | | | | | | | | -------------------------------------------------------------------------------- | (unaudited | | | | | | | | | | | figures) | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR 1 000 | | 1-12 | 1-3/ | 1-6/ | 1-9/ | 1-12 | 1-3/ | 1-6/2 | 1-9/2 | | | | /200 | 2006 | 2006 | 2006 | /200 | 2007 | 007 | 007 | | | | 5 | | | | 6 | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | | 35 | 5 | 12 | 15 | 19 | 3 | 7 897 | 13 | | | | 308 | 943 | 760 | 761 | 974 | 820 | | 985 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating | | 760 | -1 | -1 | -2 | -3 | -1 | -1 | -1 | | result | | | 242 | 101 | 070 | 348 | 018 | 654 | 592 | -------------------------------------------------------------------------------- | % of net | | 2.2 | -20. | -8.6 | -13. | -16. | -26. | -20.9 | -11.4 | | sales | | % | 9 % | % | 1 % | 8 % | 6 % | % | % | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Result | | 105 | -1 | -1 | -2 | -4 | -1 | -2 | -2 | | before | | | 439 | 630 | 970 | 874 | 335 | 305 | 665 | | taxes | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 0.3 | -24. | -12. | -18. | -24. | -34. | -29.2 | -19.1 | | sales | | % | 2 % | 8 % | 8 % | 4 % | 9 % | % | % | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total | | 23 | 21 | 21 | 18 | 19 | 17 | 16 | 17 | | assets | | 424 | 794 | 866 | 990 | 451 | 888 | 566 | 831 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity | | 22.2 | 16.8 | 14.5 | 9.7 | 4.9 | -2.3 | -8.7 | -1.4 | | ratio, % | | % | % | % | % | % | % | % | % | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gearing | | 226. | 290. | 357. | 596. | 1306 | -347 | -952. | -5566 | | ratio, % | | 9 % | 0 % | 0 % | 8 % | .8 % | 8.8 | 0 % | .4 % | | | | | | | | | % | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross | | 1 | 117 | 186 | 233 | 436 | 45 | 85 | 136 | | investment | | 767 | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 5.0 | 2.0 | 1.5 | 1.5 | 2.2 | 1.2 | 1.1 % | 1.0 % | | sales | | % | % | % | % | % | % | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | R&D | | 2 | 187 | 254 | 429 | 512 | 203 | 466 | 598 | | expenditur | | 201 | | | | | | | | | e | | | | | | | | | | -------------------------------------------------------------------------------- | % of net | | 6.2 | 3.1 | 2.0 | 2.7 | 2.6 | 5.3 | 5.9 % | 4.3 % | | sales | | % | % | % | % | % | % | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Personnel, | | 214 | 205 | 199 | 191 | 185 | 139 | 135 | 134 | | average | | | | | | | | | | -------------------------------------------------------------------------------- | Personnel, | | 205 | 202 | 187 | 169 | 156 | 132 | 132 | 131 | | at end of | | | | | | | | | | | period | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-intere | | 5 | 7 | 6 | 6 | 4 | 3 | 4 371 | 3 881 | | st bearing | | 613 | 447 | 790 | 210 | 835 | 801 | | | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- | Interest | | 12 | 10 | 11 | 10 | 14 | 15 | 14 | 14 | | bearing | | 055 | 710 | 530 | 972 | 610 | 036 | 157 | 625 | | liabilitie | | | | | | | | | | | s | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Per-share | | | | | | | | | | | key | | | | | | | | | | | figures | | | | | | | | | | -------------------------------------------------------------------------------- | Equity per | | 0.01 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.09 | -0.10 | | share, EUR | | | 4 | 5 | 9 | 4 | 5 | | | -------------------------------------------------------------------------------- | Earnings per | 0.01 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.07 | -0.08 | | share, EUR/share | | 4 | 5 | 9 | 5 | 4 | | | | (diluted) | | | | | | | | | | | | | | | | | | | -------------------------------------------------------------------------------- | Earnings per | 0.17 | 0.12 | 0.10 | 0.06 | 0.02 | -0.0 | -0.04 | -0.01 | | share, EUR/share | | | | | | 1 | | | | (undiluted) | | | | | | | | | | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share | | | | | | | | | | | price | | | | | | | | | | | trend | | | | | | | | | | -------------------------------------------------------------------------------- | High, | | 1.92 | 1.29 | 1.29 | 1.29 | 1.33 | 0.46 | 0.46 | 0.46 | | euros | | | | | | | | | | -------------------------------------------------------------------------------- | Low, euros | | 0.60 | 0.93 | 0.68 | 0.54 | 0.42 | 0.3 | | 0.27 | -------------------------------------------------------------------------------- | Average, | | 1.32 | 1.11 | 0.99 | 0.93 | 0.81 | 0.4 | 0.37 | 0.38 | | euros | | | | | | | | | | -------------------------------------------------------------------------------- | Price at | | 1.23 | 1.00 | 0.71 | 0.54 | 0.44 | 0.31 | 0.4 | 0.35 | | end of | | | | | | | | | | | period, | | | | | | | | | | | euros | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Market | 38 | 31 | 22 | 17 | 15 | 11 | 14 | 12 | | capitalization at | | | | | | | | | | end of period, EUR | | | | | | | | | | millions | | | | | | | | | --------------------------------------------------------------------------------
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