Annual Report for Auchan 2008
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- Category: Politics: Economics
- Date Submitted: 05/12/2010 06:58 AM
- Pages: 127
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Financial report
2 7 8 9 10 11 67
Group management report Consolidated balance sheet Consolidated income statement Consolidated statement of net cash flows Statement of changes in consolidated equity Notes to the consolidated financial statements Statutory auditors’ report
Group management report
for the financial year ended 31 December 2008 (in € million - €m)
The Board of Directors also prepares a report on the management of Groupe Auchan SA with, attached in appendix, a summary of the Company’s financial results over the past five years.
2. ACTIVITIES AND RESULTS
2.1 Hypermarket and supermarket activities
At 31 December 2008, the Group operated 468 hypermarkets and 726 supermarkets in 12 countries and region. The breakdown at 31 December 2008 was as follows:
Country
France Spain Italy Portugal Luxembourg Poland Hungary Ukraine Russia Mainland China
1. SIGNIFICANT EVENTS IN 2008 AND MAIN CHANGES IN THE CONSOLIDATION SCOPE
At 31 December 2008, the Group consolidated 468 hypermarkets and 726 supermarkets, corresponding to net increases of respectively 60 and 18 units compared with 408 and 708 at 31 December 2007. Organic growth continued at the hypermarkets division with 45 store openings: 7 in Western Europe, 10 in Central and Eastern Europe (including the first 2 Auchan hypermarkets in Ukraine) and 28 in Asia. In terms of external growth, Auchan acquired 3 hypermarkets (1 in Spain and 2 in Portugal) and finalised the purchase of the Ramstore chain from the Enka group: 12 stores adopted the Auchan City banner in 2008 and the 13th will reopen under the Auchan banner in 2009. The supermarkets network increased by 6 stores in Western Europe and 12 in Central and Eastern Europe, including 10 in Russia, where the network doubled in 2008. On 26 November 2008, the Group increased its shareholding in the Romanian company, MGV Distri-Hiper, from 29% to 49%. On 18 December an agreement was signed to acquire the remaining 51%, subject to the approval of the...
2 7 8 9 10 11 67
Group management report Consolidated balance sheet Consolidated income statement Consolidated statement of net cash flows Statement of changes in consolidated equity Notes to the consolidated financial statements Statutory auditors’ report
Group management report
for the financial year ended 31 December 2008 (in € million - €m)
The Board of Directors also prepares a report on the management of Groupe Auchan SA with, attached in appendix, a summary of the Company’s financial results over the past five years.
2. ACTIVITIES AND RESULTS
2.1 Hypermarket and supermarket activities
At 31 December 2008, the Group operated 468 hypermarkets and 726 supermarkets in 12 countries and region. The breakdown at 31 December 2008 was as follows:
Country
France Spain Italy Portugal Luxembourg Poland Hungary Ukraine Russia Mainland China
1. SIGNIFICANT EVENTS IN 2008 AND MAIN CHANGES IN THE CONSOLIDATION SCOPE
At 31 December 2008, the Group consolidated 468 hypermarkets and 726 supermarkets, corresponding to net increases of respectively 60 and 18 units compared with 408 and 708 at 31 December 2007. Organic growth continued at the hypermarkets division with 45 store openings: 7 in Western Europe, 10 in Central and Eastern Europe (including the first 2 Auchan hypermarkets in Ukraine) and 28 in Asia. In terms of external growth, Auchan acquired 3 hypermarkets (1 in Spain and 2 in Portugal) and finalised the purchase of the Ramstore chain from the Enka group: 12 stores adopted the Auchan City banner in 2008 and the 13th will reopen under the Auchan banner in 2009. The supermarkets network increased by 6 stores in Western Europe and 12 in Central and Eastern Europe, including 10 in Russia, where the network doubled in 2008. On 26 November 2008, the Group increased its shareholding in the Romanian company, MGV Distri-Hiper, from 29% to 49%. On 18 December an agreement was signed to acquire the remaining 51%, subject to the approval of the...