Louis Vuitton 2008 Annual Report Download - page 70

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LVMH010_2008_GB:Mise en page 1 24/03/09 11:14 Page 71
Consolidated balance sheet at December 31, 2008
ASSETS
EUR millions 2008 2007 2006
Brands and other intangible assets - net 8,536 7,999 8,227
Goodwill - net 4,417 4,818 4,537
Property, plant and equipment - net 6,088 5,419 5,173
Investments in associates 216 129 126
Non-current available for sale financial assets 375 823 504
Other non-current assets 841 586 658
Deferred tax 630 492 395
NON-CURRENT ASSETS 21,103 20,266
19,620
Inventories and work in progress 5,767 4,812 4,383
Trade accounts receivable 1,650 1,595 1,461
Income taxes(1) 229 151 98
Other current assets 1,815 2,001 1,587
Cash and cash equivalents 1,013 1,559 1,222
CURRENT ASSETS 10,474 10,118 8,751
TOTAL ASSETS 31,577 30,384
28,371
(1) As of December 31, 2008, the Group's income tax liability with respect to the French tax consolidation structure is presented after offsetting advance tax
payments. The balance sheets for the years ended December 31, 2007 and December 31, 2006 were restated for comparability purposes.
68