Key figures over the last 5 years
1991 1992(1) 1992(2) 1993 1994 1995
Income Statement (in million BEF)
Turnover 96 294 103 421 103 421 110 938 117 030 127 139
Added value 87 115 90 774 60 183 93 667 98 074 104 948
Operating profit before pension charges 33 800 36 531 29 680 37 248 34 713 39 668
Operating profit 24 747 26 525 19 674 19 612 16 045 20 542
Net financial result -9 942 -8 844 -9 131 -7 414 -5 968 -4 487
Profit from ordinary activities before taxes 14 805 17 681 10 543 12 199 10 078 16 055
Extraordinary result -1 799 -2 138 -27 884 -29 3 476 -1 496
Profit/Loss of the year 8 820 8 962 -17 935 9 666 9 877 10 678
Profit/Loss of the year (part of the group) 8 820 8 962 -17 935 9 666 9 742 10 708
Balance sheet (in million BEF)
Total balance sheet 203 426 219 785 190 811 214 544 239 975 217 869
Fixed assets 160 776 161 823 130 068 150 442 155 361 168 916
Permanent funds (3) 146 723 139 725 112 939 132 816 170 964 149 549
Shareholders' equity and third party interests 55 542 62 193 35 407 44 465 54 406 64 353
Long term financial debts 83 268 65 052 65 052 62 758 75 358 74 665
Short term financial debts 27 974 40 592 40 592 41 145 22 970 16 385
Net financial debt (4) 105 221 92 193 92 193 82 523 59 562 89 246
Other significant figures (in million BEF)
Operating cash flow (5) 51 395 53 816 48 978 45 403 45 352 51 829
Net cash flow (6) 36 948 37 987 39 431 36 140 41 349 42 351
Investments of the year 28 357 25 155 25 155 45 610 32 914 44 046
Average work force 27 355 27 260 27 260 26 724 26 885 26 869
Ratios
Profitability
Operational cash-flow / turnover 53,4% 52,0% 47,4% 40,9% 38,8% 40,8%
Operating profit / turnover 25,7% 25,7% 19,0% 17,7% 13,7% 16,2%
Profit from ordinary activities before taxes / turnover 15,4% 17,1% 10,2% 11,0% 8,6% 12,6%
Profit of the year (part of the group) / turnover 9,2% 8,7% -17,3% 8,7% 8,3% 8,4%
Profit from ordinary activities before taxes / average shareholders' equity (7) 28,4% 30,0% 23,2% 30,6% 20,4% 27,0%
Profit of the year (part of the group) / average shareholders' equity 16,9% 15,2% -39,4% 24,2% 19,7% 18,0%
Reimbursementcapacity (8) 37,3% 42,6% 37,7% 36,6% 40,1% 52,0%
Charges of debts / operating profit 45,6% 37,1% 51,4% 44,0% 46,4% 31,8%
Solvency
Shareholders' equity and third party interests / total balance sheet 27,3% 28,3% 18,6% 20,7% 22,7% 29,5%
Shareholders' equity and third party interests / permanent funds 37,9% 44,5% 31,4% 33,5% 31,8% 43,0%
Shareholders' equity and third party interests / financial debts 49,9% 58,9% 33,5% 42,8% 55,3% 70,7%
Auto-financing
Investments / operating cash-flow 55,2% 46,7% 51,4% 100,5% 72,6% 85,0%
Results per share (BEF)
Net cash flow 924 950 986 904 1 034 1 059
Profit on ordinary activities before taxes 370 442 264 305 252 401
Net profit 221 224 -448 242 244 268
(1) and (2) It is impossible to adapt the historical figures of the last 5 years to the valuation rules as they are now applied since the "openingbalance" of 1992.
For the year 1992 two sets of figures are given : (1) according to the old valuation rules to make the comparison possible with previous years and (2) according
to the new valuation rules.
(3) Shareholders' equity + third party interests + provisions + long term financial debts.
(4) Total financial debt - current investments - cash at bank and in hand.
(5) Operating profit + non cash charges (depreciations, write down and provisions except from provisions for pensions).
(6) Net Profit ( part of the group )+ non cash charges.
(7) Average shareholders' equity = the average of the shareholders' equity at 12.31 of the year and this at 12.31 of the previous year.
(8) (Operational cash-flow + financial result) / financial debts after more than one year and financial debts within one year.