Key Figures

• Simplified income statement (IFRS)



^* See Note 18 “Cash flow per share” to the ANF consolidated financial statements in Section III of Volume II of the Registration Document.

• Simplified balance sheet (IFRS)





e = estimated.
^* The Company has published its financial statements under IFRS since 2007.
^** EBITDA: Operating income before changes in fair value, adjusted for depreciation, amortisation & provisions and the IFRS restatement.
^*** Calculated on the basis of the number of shares at the closing date.


• Net asset value



Gross operating income (before gains on asset disposal) amounted to €60.8 million compared to €53.3 million at December 31, 2008, representing an increase of 14%.
At December 31, 2009, net debt stood at €422.3 million and the Loan-to-Value ratio was 28%.