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2006 |
2005 |
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US$m |
US$m |
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| 41 |
FINANCIAL STATEMENTS OF BRAIT S.A. |
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Brait S.A is the holding company of the group.It was incorporated on 5 May 1976 in the Grand Duchy of Luxembourg in terms of the law of 31 July 1929. |
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| 41.1 |
Income statements for the period |
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Profit/(loss) for the year |
2,2 |
(3,8) |
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Net financial and other income |
5,0 |
9,5 |
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Currency hedge cost |
(2,0) |
(4,1) |
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Loss on sale of 26% of subsidiary |
– |
(8,4) |
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Administrative and other expenses |
(0,8) |
(0,8) |
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| 41.2 |
Balance sheets |
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Assets |
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Non-current assets |
187,7 |
220,8 |
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Financial assets |
3,6 |
– |
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Investments |
184,1 |
220,8 |
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Subsidiaries |
145,8 |
151,1 |
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Associates |
2,7 |
2,7 |
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Intercompany advances |
19,4 |
64,8 |
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Other investments |
16,2 |
2,2 |
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Current assets |
42,9 |
9,6 |
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Accounts receivable and prepayments |
8,4 |
6,8 |
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Cash and cash equivalents |
34,5 |
2,8 |
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Total assets |
230,6 |
230,4 |
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Equity |
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Share capital and premium |
168,8 |
208,9 |
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Legal reserve |
2,6 |
2,6 |
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Distributable reserves |
34,9 |
7,2 |
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Total equity and reserves |
206,3 |
218,7 |
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Liabilities |
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Non-current liabilities |
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Intercompany loans |
8,6 |
9,4 |
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Current liabilities |
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Accounts payable and other current liabilities |
15,7 |
2,3 |
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Total equity and liabilities |
230,6 |
230,4 |
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