Supercuts 2010 Annual Report Download - page 175
Download and view the complete annual report
Please find page 175 of the 2010 Supercuts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
 |
 |
PROVALLIANCE SAS
CONSOLIDATED FINANCIAL STATEMETS
DECEMBER 31, 2009 AND 2008
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(INFORMATION AS OF DECEMBER 31, 2009 AND FOR THE YEAR THEN ENDED NOT
COVERED BY AUDITORS' REPORT INCLUDED HEREIN)
1.1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
• Volatility: the EWMA (Exponentially Weighted Moving Average) method applied to a sample group of comparable companies.
• Maturity: between two and ten years with probabilities focused on years three and five.
• Risk-free interest rate: interest rate for French treasury bonds (OAT) at the warrant issue date.
1.1.19 Financial liabilities
The Group's financial liabilities do not include any derivative instruments other than the interest rate hedges described in Note 14,
"Financial Instruments".
At December 31, 2009 the Group did not hold any financial liabilities measured at fair value through profit.
Other current financial liabilities primarily correspond to bank overdrafts and credit facilities.
Borrowings are stated at amortized cost using the effective interest method.
1.1.20 Trade and other payables
Trade and other payables are stated at cost. They are all due within one year.
1.1.21 Non-controlling interests
This item corresponds to the portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned,
directly or indirectly through subsidiaries, by the parent. In accordance with paragraph 35 of IAS 27, when losses applicable to the non-
controlling interest in a consolidated subsidiary exceed the non-controlling interest in the subsidiary's equity, the excess, and any further losses
applicable to the non-controlling interest, are allocated against the controlling interest except to the extent that the non-
controlling interest has a
binding obligation to make an additional investment to cover the losses. If the subsidiary subsequently reports profits, such profits are allocated
to the controlling interest until the non-controlling interest's share of losses previously absorbed by the controlling interest has been recovered.
1.1.22 Disclosures concerning related parties
The Group has identified the following related parties:
• its corporate shareholders
• its key executive managers
Compensation and other benefits paid to related parties in 2009 amounted to €1,620,000, compared with €1,706,000 in 2008. No
payments were made during the year under share grant or equity warrant plans.
168