Arcelor 2007 First Half Results.LUXEMBOURG -- Regulatory News: The Arcelor Board of Directors, chaired by Joseph Kinsch, reviewed the consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge for the second quarter of 2007 and approved the Group consolidated financial statements for the first half of 2007. The financial statements of Arcelor are consolidated within the Mittal Steel accounts. Mittal Steel is listed under the name ArcelorMittal1. Arcelor shares remain listed on the stock exchanges of Paris, Brussels, Luxembourg and on the Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. stock exchanges of Madrid, Barcelona, Bilbao and Valencia. For the first six months of 2007, the Arcelor Group realized revenues of 24.3 billion euros, an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of 3.9 billion euros and a net profit, Group share of 2.5 billion euros. Consolidated income statement consolidated income statement An income statement that combines the income statements of two or more organizations. As with other consolidated statements, a consolidated income statement eliminates any funds owed to or due from firms within the same group. [TABLE OMITTED] Consolidated balance sheet consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm.
In millions of euros (IFRS) > > 12.31.2006
06.30.2007
Non current assets > > 23,314
28,201
Intangible assets > > 1,634
2,235
Property, plant & equipment > > 16,770
18,837
> >
Investment under equity method > > 1,793
1,935
Other investments > > 658
749
Receivables & other fin. assets > > 1,132
3,299
> >
Deferred tax assets > > 1,327
1,146
> >
Current assets > > 21,525
24,909
Inventories > > 9,084
9,270
> >
Trade receivables > > 4,712
6,010
> >
Other receivables > > 5,119
7,550
Cash & cash equivalents > > 2,345
1,892
> >
Assets classified as held for sale > > 265
187
> >
Total assets > > 44,839
53,110
[TABLE OMITTED]
Consolidated cash flow statement [TABLE OMITTED] 1 ArcelorMittal is listed on the stock exchanges of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (MT), Amsterdam (MT), Paris (MTP (1) (Message Transfer Part) See SS7. (2) (Media Transfer Protocol) A Microsoft enhancement to the picture transfer protocol (PTP), starting with Windows Media Player 10 in Windows XP. ), Brussels (MTBL MTBL Mean Time Between Data Loss ), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. ) and Valencia. |
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