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 for the group Income statement (in millions of BEF) 1992 1993 1994 1995 1996 Turnover 103,421 110,938 117,030 127,139 138,697 Added value 60,183 93,667 98,074 104,948 110,963 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 (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 9,877 10,678 13,125 Net profit (group share) (17,935) 9,666 9,742 10,708 12,961 Balance sheet (in millions of BEF) 1992 1993 1994 1995 1996 Balance sheet totals 190,811 214,544 239,975 217,869 225,631 Fixed assets 130,068 150,442 155,361 168,916 165,249 Permanent funds (1) 112,939 132,816 170,124 148,738 145,737 Shareholder's equity and third party interests 35,407 44,465 54,406 64,353 71,777 Long-term financial debts 65,052 62,758 75,358 74,665 62,948 Short-term financial debts 40,592 41,145 22,970 16,385 27,431 Total financial debt 105,644 103,903 98,328 91,050 90,379 Net financial debt (2) 92,193 82,523 59,562 89,246 88,081 Other significant figures (in BEF) 1992 1993 1994 1995 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 44,046 34,109 Average work force 27,260 26,724 26,885 26,869 26,896 (1) Shareholders' equity + third party interests + provisions + long term financial debts (2) Total financial debt - current investments - cash at bank and on hand (3) Operating profit + noncash expenses (depreciation, write-downs and provisions excluding pension provisions) (4) Net Profit (group share) + noncash expenses Ratios 1992 1993 1994 1995 1996 Profitability Operating cash flow / turnover 47.36 % 40.93 % 38.75 % 40.77 % 43.08 % Operating profit / turnover 19.02 % 17.68 % 13.71 % 16.16 % 19.27 % Pre-tax profit from ordinary activities / turnover 10.19 % 11.00 % 8.61 % 12.63 % 15.61 % Net profit (group share) / turnover (17.34 %) 8.71 % 8.32 % 8.42 % 9.34 % Pre-tax profit from ordinary activities / average shareholders' equity (5) 23.18 % 30.55 % 20.39 % 27.04 % 31.80 % Net profit (group share) / average shareholders' equity (39.44 %) 24.20 % 19.71 % 18.03 % 19.04 % Net profit (group share) / balance sheet total (9.40 %) 4.50 % 4.10 % 4.90 % 5.70 % Reimbursement capacity (6) 37.72 % 36.56 % 40.05 % 52.00 % 60.50 % Financial expenses / operating profit 51.44 % 44.01 % 46.41 % 31.75 % 21.01 % Solvency Shareholders' equity and third party interests / balance sheet total 18.56 % 20.73 % 22.67 % 29.54 % 31.81 % Shareholders' equity and third party interests / permanent funds 31.35 % 33.48 % 31.98 % 43.27 % 49.25 % Shareholders' equity and third party interests / financial debts 33.52 % 42.79 % 55.33 % 70.68 % 79.42 % financial debts / Shareholders' equity and third party interests 3.0 2.3 1.8 1.4 1.3 Self financing Investments / operating cash flow 51.36 % 100.46 % 72.58 % 84.98 % 57.08 % Earnings per share (in BEF) Net cash flow 986 903 1,036 1,106 1,183 Pre-tax profit from ordinary activities 264 305 252 401 541 Net profit (group share) (448) 242 244 268 324 (5) Average shareholders� equity = the average of the shareholders� equity on Dec. 31 of the year and on Dec. 31 of the previous year (6) Operating cash flow + financial results/financial debts after more than one year and financial debts within one year About | Products | Jobs | Contact | Home © 1997 BEVELGACOM. Last updated : may, 30, 1997. About this site Say Hello ! Legal Notice.