39 - Clean-up and other waste management services

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 2.7	100%	+10.6%
Purchases & stocks variance	M$ -0.2	-6%	-0.4 points
Gross margin	M$ 2.6	94%	+0.4 points
Operating expenses & revenues	M$ -2.1	-78%	+20.3 points
Taxes and subsidies	M$ 0.0	1%	0.0 points
Value added at factor costs	M$ 1.3	49%	+13.8 points
Wages costs  (1 employee = K$ 58)	M$ -0.9	-32%	-0.1 points
Gross operating surplus	M$ 0.5	17%	+13.9 points
Depreciation and provisions	M$ -0.3	-11%	+13.0 points
Operating income	M$ 0.2	6%	+0.9 points
Financial incomes and costs	M$ -0.1	-2%	+2.8 points
Earnings before taxes	M$ 0.2	8%	+3.7 points
Exceptional incomes and costs	M$ 0.0	-1%	-8.2 points
Income tax	M$ 0.0	-2%	+0.1 points
Net income	M$ 0.2	6%	+11.8 points
Self-financing capacity	M$ 0.5	18%	+18.1 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	M$ 0.2	6%	Equity	M$ 1.0	29%
Of which goodwill	M$ 0.0	1%	Of which share capital	M$ 0.8	26%
Gross tangible assets	M$ 0.6	17%	Bank loans	M$ 1.1	35%
Of which lands	M$ 0.0	1%
Gross financial capital assets	M$ 1.1	33%
Depreciations	M$ -0.6	-19%
Net fixed assets	M$ 1.2	37%	Permanent capital	M$ 2.1	64%
Stocks	M$ 0.2	5%	Payables	M$ 0.5	14%
Receivables	M$ 1.3	39%	Other liabilities	M$ 0.7	22%
Cash	M$ 0.6	19%
Other assets	M$ 0.0	1%
Current assets	M$ 2.1	63%	Short term debts	M$ 1.2	36%
total assets	M$ 3.3	100%	total liabilities	M$ 3.3	100%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 32 days)	M$ 0.2	6%
Receivables  (payment terms : 140 - 168 days)	M$ 1.3	47%
Other assets	M$ 0.0	1%
Payables  (payment terms : 77 - 92 days)	M$ -0.5	-17%
Other liabilities	M$ -0.7	-27%
Net working capital (A)	M$ 0.3	9%
Permanent capital	M$ 2.1	77%
Net fixed assets	M$ -1.2	-45%
Working capital (B)	M$ 0.9	32%
Cash (B - A)	M$ 0.6	22%

5 - Profitability analysis

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 6.0	100%	+3.8%
Purchases & stocks variance	M$ -0.3	-6%	-0.6 points
Gross margin	M$ 5.7	94%	+0.6 points
Operating expenses & revenues	M$ -3.4	-57%	-0.8 points
Taxes and subsidies	M$ 0.1	1%	-0.1 points
Value added at factor costs	M$ 2.2	36%	+0.6 points
Wages costs  (1 employee = K$ 59)	M$ -2.0	-33%	+0.7 points
Gross operating surplus	M$ 0.2	3%	-0.1 points
Depreciation and provisions	M$ 0.1	2%	+0.2 points
Operating income	M$ 0.3	4%	-0.3 points
Financial incomes and costs	M$ 0.0	0%	+0.0 points
Earnings before taxes	M$ 0.2	4%	-0.3 points
Exceptional incomes and costs	M$ 0.0	0%	-11.0 points
Income tax	M$ -0.1	-1%	0.0 points
Net income	M$ 0.2	3%	+10.7 points
Self-financing capacity	M$ 0.1	2%	+1.3 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	M$ 0.5	8%	Equity	M$ 2.6	43%
Of which goodwill	M$ 0.0	1%	Of which share capital	M$ 1.2	20%
Gross tangible assets	M$ 1.2	21%	Bank loans	M$ 1.2	20%
Of which lands	M$ 0.1	1%
Gross financial capital assets	M$ 1.3	23%
Depreciations	M$ -1.3	-22%
Net fixed assets	M$ 1.7	29%	Permanent capital	M$ 3.8	63%
Stocks	M$ 0.1	2%	Payables	M$ 1.0	18%
Receivables	M$ 2.4	41%	Other liabilities	M$ 1.1	19%
Cash	M$ 1.5	25%
Other assets	M$ 0.2	3%
Current assets	M$ 4.2	71%	Short term debts	M$ 2.2	37%
total assets	M$ 6.0	100%	total liabilities	M$ 6.0	100%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 11 days)	M$ 0.1	2%
Receivables  (payment terms : 121 - 145 days)	M$ 2.4	40%
Other assets	M$ 0.2	3%
Payables  (payment terms : 82 - 99 days)	M$ -1.0	-17%
Other liabilities	M$ -1.1	-19%
Net working capital (A)	M$ 0.6	9%
Permanent capital	M$ 3.8	62%
Net fixed assets	M$ -1.7	-29%
Working capital (B)	M$ 2.0	34%
Cash (B - A)	M$ 1.5	24%

5 - Profitability analysis

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 50.7	100%	+37.0%
Purchases & stocks variance	M$ -2.5	-5%	+0.7 points
Gross margin	M$ 48.2	95%	-0.7 points
Operating expenses & revenues	M$ -29.6	-58%	-2.3 points
Taxes and subsidies	M$ 0.7	1%	+0.2 points
Value added at factor costs	M$ 17.9	35%	+2.4 points
Wages costs  (1 employee = K$ 45)	M$ -13.8	-27%	+0.4 points
Gross operating surplus	M$ 4.0	8%	+2.0 points
Depreciation and provisions	M$ 4.4	9%	-3.3 points
Operating income	M$ 8.4	17%	+5.3 points
Financial incomes and costs	M$ -2.1	-4%	+6.0 points
Earnings before taxes	M$ 10.6	21%	+11.4 points
Exceptional incomes and costs	M$ -1.1	-2%	-2.5 points
Income tax	M$ -1.4	-3%	+0.5 points
Net income	M$ 8.0	16%	+13.4 points
Self-financing capacity	M$ 0.0	0%	+3.5 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	$ 0	0%	Equity	$ 0	0%
Of which goodwill	$ 0	0%	Of which share capital	$ 0	0%
Gross tangible assets	$ 0	0%	Bank loans	$ 0	0%
Of which lands	$ 0	0%
Gross financial capital assets	$ 0	0%
Depreciations	$ 0	0%
Net fixed assets	$ 0	0%	Permanent capital	$ 0	0%
Stocks	$ 0	0%	Payables	$ 0	0%
Receivables	$ 0	0%	Other liabilities	$ 0	0%
Cash	$ 0	0%
Other assets	$ 0	0%
Current assets	$ 0	0%	Short term debts	$ 0	0%
total assets	$ 0	0%	total liabilities	$ 0	0%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 0 days)	$ 0	0%
Receivables  (payment terms : 0 - 0 days)	$ 0	0%
Other assets	$ 0	0%
Payables  (payment terms : 0 - 0 days)	$ 0	0%
Other liabilities	$ 0	0%
Net working capital (A)	$ 0	0%
Permanent capital	$ 0	0%
Net fixed assets	$ 0	0%
Working capital (B)	$ 0	0%
Cash (B - A)	$ 0	0%

5 - Profitability analysis