Balance sheet

for the year ended December 31, 2010

ASSETS (in euro million) 12/31/10            Net 12/31/09            Net 12/31/08            Net
       
Non-current assets      
Goodwill 1 494 1 416 1 411
Other intangible assets 34 28 26
Property and equipment 69 77 93
Equity investments 2 2 2
Financial assets available for sale 9 10 8
Deferred tax assets 87 80 94
Other non-current financial assets 11 13 14
Total non-current assets 1 706 1 626 1 648
       
Current assets      
Inventories and work in progress 37 30 43
Accounts receivable 1 415 1 229 1 250
Current tax receivables 16 43 39
Other receivables 542 452 581
Other current financial assets 17 14 36
Cash and cash equivalents 961 913 912
Total current assets 2 988 2 681 2 861
TOTAL ASSETS 4 694 4 307

4 509

EQUITY AND LIABILITIES (in euro million)

 12/31/10            Net 12/31/09            Net 12/31/08            Net
       
Shareholders' equity 1 200 1 085 1 013
Capital 172 172 172
Share premium account 1 468 1 466 1 466
Option components of compound instruments 18 206 206
Retaining earnings (420) (675) (750)
Currency translation adjustments (38) (84) (81)
Minority interests 3 2 2
Total equity 1 203 1 087 1 015
       
Non-current liabilities      
Long-term borrowings 623 704 353
Earn-out and minority interest buy-out obligations 41 25 46
Long-term provisions, pension and post-employment benefits 71 54 63
Deferred tax liabilities 9 4 1
Other non-current liabilities 3 2 3
Total non-current liabilities 747 789 466
       
Current liabilities      
Current maturities of long-term borrowings 170 83 539
Bank overdrafts 7 18 34
Earn-out and minority interest buy-out obligations 33 35 19
Provisions  39 42 38
Accounts payable 1 402 1 214 1 160
Tax payables 12 41 40
Other payables 1 073 984 1 146
Other current liabilities 8 14 52
Total current liabilities 2 744 2 431 3 028
TOTAL EQUITY AND LIABILITIES 4 694 4 307 4 509