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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)
25. OFF-BALANCE SHEET COMMITMENTS
198
Off-balance
sheet
commitments
at
Dec. 31, 2009
Off-balance
sheet
commitments
at
Dec. 31, 2008
Purpose
Bank/Beneficiary
Promissory note—Franck Provost Coiffure
joint and several guarantee
850,000
BECM
Promissory note—Franck Provost Coiffure
joint and several guarantee
700,000
BRED
Promissory note—Franck Provost Coiffure
joint and several guarantee
700,000
CDN
Promissory note—Franck Provost Coiffure
joint and several guarantee
1,700,000
BNP
Promissory note—Franck Provost Coiffure
joint and several guarantee
300,000
SG
Promissory note—Provalliance joint and
several guarantee
600,000
BRED
Promissory note—Sorefico Coiffure joint
and several guarantee
600,000
BECM
Loan—Provalliance joint and several
guarantee
2,832,143
2,984,043
CA
Loan—Provalliance joint and several
guarantee
55,326
67,960
BNP
Loan—Franck Provost Coiffure joint and
several guarantee
436,704
593,208
Restructuring the Group's cash
position
BNP
Loan—Franck Provost Coiffure joint and
several guarantee
4,275,510
592,822
Restructuring the Group's cash
position
CA
Loan—Franck Provost Coiffure joint and
several guarantee
781,001
411,979
Purchase of a business base
BECM
Loan—Franck Provost Coiffure joint and
several guarantee
32,102
213,691
BICS
Loan—Franck Provost Coiffure joint and
several guarantee
36,753
74,957
HSBC
Loan—Franck Provost Coiffure joint and
several guarantee
143,390
NUGGER
Loan—Franck Provost Coiffure joint and
several guarantee
1,965,116
BRED
Loan—Franck Provost Coiffure joint and
several guarantee
466,667
CDN
Loan—Fabio Salsa joint and several
guarantee
351,235
209,809
BNP
Loan—Fabio Salsa joint and several
guarantee
24,259
SG