BEVELGACOM'S VISION CONSOLIDATED KEY FIGURES SIGNIFICANT FACTS FOR 1996 LETTER FROM THE CHAIRMAN OF THE BOARD MESSAGE FROM THE CEO FURTHER GROWTH IN GROUP EARNINGS FOR 1996 KEY FIGURES FOR THE GROUP GENERAL INFORMATION 1996 ANNUAL REPORT ORDER FORM

Key figures Consolidated key figures Income statement (in millions of BEF) 1992 1993 1994 1995 (1) 1996 Turnover 103,421 110,938 117,030 127,139 138,697 Operating profit before pension charges 29,680 37,248 34,713 39,668 44,920 Operating profit 19,674 19,612 16,045 20,542 26,720 Net financial result (2) (9,131) (7,414) (5,968) (4,487) (5,072) Pre-tax profit from ordinary activities 10,543 12,199 10,078 16,055 21,648 Extraordinary results (27,884) (29) 3,476 (1,496) (1,332) Net profit (group share) (17,935) 9,666 9,742 10,708 12,961 Self-financing and investments (in millions of BEF) 1992 1993 1994 1995 (1) 1996 Operating cash flow (3) 48,978 45,403 45,352 51,829 59,755 Net cash flow (4) 39,431 36,138 41,434 44,221 47,310 Investments 25,155 45,610 32,914 (5) 44,046 34,109 Earnings per share (6) (in BEF) 1992 1993 1994 1995 (1) 1996 Net cash flow 986 903 1,036 1,106 1,183 Pre-tax profit 264 305 252 401 541 Net profit (group share) (448) 242 244 268 324 Financial structure (in millions of BEF) 1992 1993 1994 1995 (1) 1996 Shareholder's equity 35,407 44,465 53,565 63,542 70,750 Third party interests 0 0 841 811 1,027 Financial debt 105,644 103,903 98,328 91,050 90,379 Balance sheet totals 190,811 214,544 239,975 217,869 225,631 Operational data on December 31 1992 1993 1994 1995 (1) 1996 Number of fixed-line connections (7) 4,264,342 4,395,695 4,526,309 4,632,091 4,725,496 Number of mobile phone connections 61,977 67,771 (8) 126,944 235,258 410,172 Number of employees 25,344 25,610 26,053 26,012 26,193 (1) Creation of the Pension Fund in 1995 as a separate legal entity; transfer of Bevelgacom S.A.'s entire provision to this Fund. (2) In 1996, net financial results no longer includes investment income from pension reserves. (3) Operating profit + noncash expenses (depreciation, write-downs and provisions, excluding pension provisions). (4) Net profit (group share) + noncash expenses. (5) Including Bevelgacom Mobile license for 9 billion BEF. (6) Calculated on the number of shares determined at the time the "Société Anonyme de droit public" was created, i.e. 40 million. Until 1996, no dividend has been allocated. A dividend of 4,800 million BEF will be allocated in 1997. (7) PSTN and ISDN connections. (8) January 1, 1994 : launching of the Proximus (GSM) network. About | Products | Jobs | Contact | Home © 1997 BEVELGACOM. Last updated : may, 30, 1997. About this site Say Hello ! Legal Notice.