Supercuts 2010 Annual Report Download - page 208

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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)
21. OTHER INCOME STATEMENT ITEMS BY NATURE
22. TAX CONSOLIDATION AND UNUSED TAX LOSSES
Group companies file consolidated tax returns whenever permitted by the applicable regulations. At December 31, 2009 tax groups had
been set up headed by the following companies:
• Provalliance,
• Sorefico Coiffure,
• Compagnie Générale de Partenariat, and
• Elexia.
196
2009 2008 Year-on-year
change
"Other operating income" includes:
1,688,854
1,554,935
133,919
Proceeds from disposals of property, plant and
equipment and intangible assets
1,688,854
1,554,935
133,919
"Other operating expenses" includes:
(2,413,974
)
(2,629,679
)
215,705
Carrying amounts of property, plant and equipment
and intangible assets
(2,413,974
)
(2,629,679
)
215,705
"Finance costs—net" includes:
•
Income from cash and cash equivalents
592,739
1,705,093
(1,112,354
)
Interest income generated on cash and cash
equivalents
466,941
1,072,355
(605,414
)
Other interest income
51,265
579,334
(528,069
)
Reversals of provisions against financial assets
4,000
45,761
(41,761
)
Net gains on disposals of cash equivalents
9,701
4,366
5,335
Net gains on interest rate and currency hedges of
cash and cash equivalents
60,832
3,277
57,555
•
Finance costs—gross
(4,818,087
)
(4,426,821
)
(391,266
)
Interest expense on financing transactions
(4,118,163
)
(4,319,342
)
201,179
Net losses on interest rate and currency hedges of
gross debt
(699,924
)
(107,479
)
(592,445
)