Balance Sheet

Consolidated balance sheet at December 31
Amounts in millions of euros
Assets 2010 2009
Non-current assets
Intangible assets 373.4 342.7
Property, plant & equipment 93.4 84.8
Investments in associates 30.5 26.2
Other investments 0.2 0.2
Other non-current assets 24.4 19.8
Derivatives 0.1 1.2
Deferred tax assets 29.1 18.0
Total non-current assets 551.1 492.9
Current assets
Inventories 0.4 0.5
Derivatives 0.4 0.1
(Un)billed receivables 591.9 551.1
Other current assets 44.4 35.9
Corporate income receivable 4.1 6.2
Assets classified as held for sale 24.4  
Cash and cash equivalents 207.8 224.5
Total current assets 873.4 822.3
Total 1,424.5 1,315.2
Equity and liabilities
Shareholders' equity
Share capital 1.3 1.3
Share premium 106.8 106.8
Cumulative translation reserve (20.9) (28.4)
Hedging reserve (3.9) 0.1
Retained earnings 235.6 199.1
Net income 73.9 72.8
Total equity attributable to equity holders of the Company 392.8 351.7
Minority interest 18.4 16.8
Total equity 411.2 368.5
Non-current liabilities
Provisions 26.6 28.4
Deferred tax liabilities 11.0 10.8
Loans and borrowings 318.2 342.1
Derivatives 7.2 0.8
Total non-current liabilities 363.0 382.1
Current liabilities
Billing in excess of cost 157.2 158.8
Corporate tax liabilities 14.8 7.4
Current portion of loans and borrowings 68.1 5.6
Current portion of provisions 6.4 6.0
Derivatives 3.9 2.7
Accounts payable 139.6 128.9
Accrued expenses 15.9 21.3
Bank overdrafts and short term borrowings 22.2 26.9
Other current liabilities 199.0 207.0
Liabilities classified as held for sale 23.2  
Total current liabilities 650.3 564.6
Total liabilities 1,013.3 946.6
Total equity and liabilities 1,424.5 1,315.2
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