Umicore

Annual Report • Mar 27, 2015

40					1	EUR
Nr.	Date of the deposition	No. 0401.574.852		PP.	E.	D.		C 1.1
			ANNUAL ACCOUNTS IN EURO
NAME:	UMICORE
	Legal form: PLC
Address:	rue du marais							Nr.: 31
Postal Code:	1000	City: Brussel 1
	Country: Belgium
	Register of Legal Persons (RLP) - Office of the commercial court at: Internet address *: www.umicore.com			Bruxelles
							Company number:	0401.574.852
DATE 22/10/2014 of the deposition of the partnership deed OR of the most recent document mentioning the date of publication of the partnership deed and the act changing the articles of association.
	ANNUAL ACCOUNTS approved by the General Meeting of				28/04/2015
	concerning the financial year covering the period from		1/01/2014			till		31/12/2014
		Previous period from	1/01/2013			till		31/12/2013
	The amounts of the previous financial year are	/ are not					** identical to those which have been previously published.
	COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS
	LEYSEN Thomas
	Dennenlaan 9A, 2020 Antwerpen 2, Belgium
	Title : President of the board of directors
	Mandate : 24/04/2012- 28/04/2015
	GRYNBERG Marc
	Avenue de l'Avocat 5, 1410 Waterloo, Belgium
	Title : Delegated director
	Mandate : 24/04/2012- 28/04/2015
	BOUILLOT Isabelle
	Henri Barbusse 42, 75005 Paris, France
Title : Director
	Mandate : 30/04/2013- 26/04/2016
	BUFE Uwe-Ernst
	Scharderhohlweg 29, 61462 Königstein-im-Taunus, Germany
Title : Director
	Mandate : 29/04/2014- 28/04/2015
	Enclosed to these annual accounts: MANAGEMENT REPORT, REPORT OF THE AUDITORS
Total number of pages deposited: 84 Number of the pages of the standard form not deposited for not being

of service: 5.1, 5.2.3, 5.2.4, 5.3.4, 5.5.2, 5.17.2, 7

Signature (name and position)

Platteeuw Filip

Chief Financial Officer

Signature (name and position) GRYNBERG Marc

Chief Executive Officer

* Optional statement.

** Delete where appropriate.

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

KOLMSEE Ines

Traubinger Strasse 18, 82327 Tutzing, Germany Title : Director Mandate : 29/04/2014- 25/04/2017

OPPENHEIMER Jonathan

Third Avenue 73, 2196 Inanda, South Africa Title : Director Mandate : 29/04/2014- 25/04/2017

de Pret Arnoud

Rue de Mianoye 36, 5530 Yvoir, Belgium Title : Director Mandate : 29/04/2014- 28/04/2015

THOMAES Rudi

Aalscholverlaan 80, box 102, 2050 Antwerpen 5, Belgium Title : Director Mandate : 24/04/2012- 28/04/2015

PriceWaterhouseCoopers Reviseursd'Entreprises SCCRL 0429.501.944

Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium

Title : Auditor, Number of membership : B00009 Mandate : 29/04/2014- 25/04/2017

Represented by:

Daelman Marc SPRL (A01579)

Woluwedal 18 , 1932 Sint-Stevens-Woluwe, Belgium

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

The annual accounts have have not * / been audited or adjusted by an external accountant or auditor who is not a statutory auditor.

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking**,
• B. Preparing the annual accounts**,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

BALANCE SHEET

	Notes	Codes	Period	Previous period
ASSETS
FIXED ASSETS		20/28	3.813.172.015	3.793.411.047
Formation expenses	5.1	20
Intangible fixed assets	5.2	21	88.202.487	84.041.699
Tangible fixed assets	5.3	22/27	347.624.459	347.946.364
Land and buildings		22	128.357.763	126.712.418
Plant, machinery and equipment		23	161.148.479	154.680.426
Furniture and vehicles		24	16.598.311	15.197.422
Leasing and other similar rights		25
Other tangible fixed assets		26	354.470	376.229
Assets under construction and advance payments		27	41.165.436	50.979.869
	5.4/
Financial fixed assets	5.5.1	28	3.377.345.069	3.361.422.984
Affiliated enterprises	5.14	280/1	3.329.216.370	3.338.326.809
Participating interests		280	3.329.216.370	3.338.326.809
Amounts receivable		281
Other enterprises linked by participating interests	5.14	282/3	130.439	3.930.439
Participating interests		282	130.439	130.439
Amounts receivable		283		3.800.000
Other financial assets		284/8	47.998.260	19.165.736
Shares		284	47.911.577	14.066.343
Amounts receivable and cash guarantees		285/8	86.683	5.099.393
CURRENT ASSETS		29/58	811.395.030	923.785.504
Amounts receivable after more than one year		29	373.483	773.483
Trade debtors		290
Other amounts receivable		291	373.483	773.483
Stocks and contracts in progress		3	411.792.643	394.039.145
Stocks		30/36	411.792.643	394.039.145
Raw materials and consumables		30/31	164.469.818	170.090.074
Work in progress		32	91.603.523	61.526.468
Finished goods		33	155.455.043	161.389.623
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36	264.259	1.032.980
Contracts in progress		37
Amounts receivable within one year		40/41	258.739.672	220.492.545
Trade debtors		40	215.305.233	183.534.144
Other amounts receivable		41	43.434.439	36.958.401
Current investments	5.5.1/ 5.6	50/53	131.289.845	299.215.020
Own shares		50	121.431.238	297.163.976
Other investments and deposits		51/53	9.858.607	2.051.044
Cash at bank and in hand		54/58	711.928	1.131.346
Deferred charges and accrued income	5.6	490/1	8.487.459	8.133.965
TOTAL ASSETS		20/58	4.624.567.045	4.717.196.551

Nr. 0401.574.852				C 2.2
EQUITY AND LIABILITIES	Notes	Codes	Period	Previous period
EQUITY		10/15	1.211.651.110	1.427.122.510
Capital	5.7	10	500.000.000	500.000.000
Issued capital		100	500.000.000	500.000.000
Uncalled capital		101
Share premium account		11	6.609.766	6.609.766
Revaluation surpluses Reserves		12 13	90.952 321.585.105	90.952 497.317.844
Legal reserve
Reserves not available		130 131	50.000.000 121.431.238	50.000.000 297.163.977
In respect of own shares held		1310	121.431.238	297.163.977
Other		1311
Untaxed reserves		132	150.153.867	150.153.867
Available reserves		133
Accumulated profits (losses) (+)/(-)		14	375.916.600	415.856.317
Investment grants		15	7.448.687	7.247.631
Advance to associates on the sharing out of the assets		19
PROVISIONS AND DEFERRED TAXES		16	115.232.632	105.843.395
Provisions for liabilities and charges		160/5	115.232.632	105.843.395
Pensions and similar obligations		160	50.472.848	41.345.266
Taxation		161
Major repairs and maintenance		162	5.468.787	5.159.660
Other liabilities and charges	5.8	163/5	59.290.997	59.338.469
Deferred taxes		168
AMOUNTS PAYABLE		17/49	3.297.683.303	3.184.230.646
Amounts payable after more than one year	5.9	17	1.582.000.000	2.082.000.000
Financial debts		170/4	1.582.000.000	2.082.000.000
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173
Other loans		174	1.582.000.000	2.082.000.000
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year		42/48	1.653.636.605	1.052.830.524
Current portion of amounts payable after more than one year falling due within one year	5.9	42	500.000.000
Financial debts		43	555.065.213	485.500.000
Credit institutions		430/8	13.565.213
Other loans		439	541.500.000	485.500.000
Trade debts		44	478.442.383	445.259.776
Suppliers		440/4	478.000.864	444.514.260
Bills of exchange payable		441	441.519	745.516
Advances received on contracts in progress		46	4.722.602	5.579.596
Taxes, remuneration and social security	5.9	45	53.114.483	53.806.210
Taxes		450/3	6.045.598	5.890.883
Remuneration and social security		454/9	47.068.885	47.915.327
Other amounts payable		47/48	62.291.924	62.684.942
Accrued charges and deferred income	5.9	492/3	62.046.698 4.624.567.045	49.400.122 4.717.196.551
TOTAL LIABILITIES		10/49

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income	5.10	70/74	2.937.535.240	3.157.820.482
Turnover		70	2.794.325.845	3.056.348.977
Increase (decrease) in stocks of		71	15.462.782	-15.478.365
finished goods, work and contracts in progress (+)/(-) Own construction capitalised		72	31.480.705	29.447.912
Other operating income	5.10	74	96.265.908	87.501.958
Operating charges		60/64	2.869.761.826	3.047.883.215
Raw materials, consumables		60	2.359.063.679	2.525.470.762
Purchases		600/8	2.352.912.355	2.479.351.277
Decrease (increase) in stocks (+)/(-)		609	6.151.324	46.119.485
Services and other goods		61	173.103.707	179.563.649
Remuneration, social security costs and pensions (+)/(-)	5.10	62	249.487.645	245.968.139
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	74.321.919	70.582.064
Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) (+)/(-)		631/4	-9.183.271	7.433.558
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	5.10	635/7	9.389.220	8.906.375
Other operating charges	5.10	640/8	13.578.927	9.958.668
Operation charges carried to assets as restructuring costs (-)		649
Operating profit (loss) (+)/(-)		9901	67.773.414	109.937.267
Financial income		75	112.788.742	103.075.712
Income from financial fixed assets		750	109.128.962	99.448.991
Income from current assets		751	707.555	949.765
Other financial income	5.11	752/9	2.952.225	2.676.956
Financial charges	5.11	65	83.182.664	94.258.532
Debt charges		650	77.125.586	90.178.338
Amounts written down on current assets except stocks, contracts in progress and trade debtors (+)/(-)		651	390.741	282.090
Other financial charges		652/9	5.666.337	3.798.104
Gain (loss) on ordinary activities before taxes (+)/(-)		9902	97.379.492	118.754.447

	Codes	Period	Previous period
Extraordinary income	76	44.175.897	910.523
Write-back of depreciation and of amounts written down intangible and tangible fixed assets	760	800.677
Write-back of amounts written down financial fixed assets	761	15.167.890	909.093
Write-back of provisions for extraordinary liabilities and charges	762
Gains on disposal of fixed assets	763	28.206.000	1.430
Other extraordinary income	764/9	1.330
Extraordinary charges	66	10.973.410	27.351.083
Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets	660
Amounts written down financial fixed assets	661	10.973.410	27.349.756
Provisions for extraordinary liabilities and charges - Appropriations (uses) (+)/(-)	662
Loss on disposal of fixed assets	663		1.327
Other extraordinary charges 5.11	664/8
Extraordinary charges carried to assets as restructuring costs (-)	669
Profit (loss) for the period before taxes (+)/(-)	9903	130.581.979	92.313.887
Transfer from postponed taxes	780
Transfer to postponed taxes	680
Income taxes 5.12	67/77	-655.647	4.323.723
Income taxes	670/3	744.949	4.359.598
Adjustment of income taxes and write-back of tax provisions	77	1.400.596	35.875
Profit (loss) for the period (+)/(-)	9904	131.237.626	87.990.164
Transfer from untaxed reserves	789
Transfer to untaxed reserves	689
Profit (loss) for the period available for appropriation (+)/(-)	9905	131.237.626	87.990.164

APPROPRIATION ACCOUNT

	Codes	Period	Previous period
Profit (loss) to be appropriated (+)/(-)	9906	547.093.943	603.777.931
Gain (loss) to be appropriated (+)/(-)	(9905)	131.237.626	87.990.164
Profit (loss) to be carried forward (+)/(-)	14P	415.856.317	515.787.767
Transfers from capital and reserves	791/2
from capital and share premium account	791
from reserves	792
Transfers to capital and reserves	691/2	62.997.443	77.904.694
to capital and share premium account	691
to the legal reserve	6920
to other reserves	6921	62.997.443	77.904.694
Profit (loss) to be carried forward (+)/(-)	(14)	375.916.600	415.856.317
Owner's contribution in respect of losses	794
Profit to be distributed	694/6	108.179.900	110.016.920
Dividends	694	108.179.900	110.016.920
Director's or manager's entitlements	695
Other beneficiaries	696

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Previous period
RESEARCH AND DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	91.401.940
Movements during the period
Acquisitions, including produced fixed assets	8021	22.039.718
Sales and disposals	8031	64.984
Transfers from one heading to another (+)/(-)	8041
Acquisition value at the end of the period	8051	113.376.674
Depreciation and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	49.467.172
Movements during the period
Recorded	8071	16.817.661
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transfers from one heading to another (+)/(-)	8111
Depreciation and amounts written down at the end of the period	8121	66.284.833
NET BOOK VALUE AT THE END OF THE PERIOD	210	47.091.841

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	117.922.519
Movements during the period
Acquisitions, including produced fixed assets	8022	1.293.702
Sales and disposals	8032
Transfers from one heading to another (+)/(-)	8042	-606.501
Acquisition value at the end of the period	8052	118.609.720
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	75.815.588
Movements during the period
Recorded	8072	5.339.234
Written back	8082	800.677
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	2.854.686
Transfers from one heading to another (+)/(-)	8112	-385
Depreciation and amounts written down at the end of the period	8122	77.499.074
NET BOOK VALUE AT THE END OF THE PERIOD	211	41.110.646

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Previous period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	318.783.058
Movements during the period
Acquisitions, including produced fixed assets	8161	11.519.807
Sales and disposals	8171	2.951.898
Transfers from one heading to another (+)/(-)	8181	3.955.734
Acquisition value at the end of the period	8191	331.306.701
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx	7.701.229
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transfers from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251	7.701.229
Depreciation and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	199.771.871
Movements during the period
Recorded	8271	13.824.156
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301	2.946.002
Transfers from one heading to another (+)/(-)	8311	142
Depreciation and amounts written down at the end of the period	8321	210.650.167
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	128.357.763

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	689.812.881
Movements during the period
Acquisitions, including produced fixed assets	8162	11.492.299
Sales and disposals	8172	10.203.306
Transfers from one heading to another (+)/(-)	8182	27.020.781
Acquisition value at the end of the period	8192	718.122.655
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	535.132.454
Movements during the period
Recorded	8272	31.859.413
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	10.207.736
Transfers from one heading to another (+)/(-)	8312	190.045
Depreciation and amounts written down at the end of the period	8322	556.974.176
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	161.148.479

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	51.187.282
Movements during the period
Acquisitions, including produced fixed assets	8163	4.199.528
Sales and disposals	8173	4.591.705
Transfers from one heading to another (+)/(-)	8183	3.605.745
Acquisition value at the end of the period	8193	54.400.850
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	35.989.860
Movements during the period
Recorded	8273	6.459.697
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	4.457.216
Transfers from one heading to another (+)/(-)	8313	-189.802
Depreciation and amounts written down at the end of the period	8323	37.802.539
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	16.598.311

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	21.029.308
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
Transfers from one heading to another (+)/(-)	8185
Acquisition value at the end of the period	8195	21.029.308
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx	601.050
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255	601.050
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	21.254.130
Movements during the period
Recorded	8275	21.758
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305
Transfers from one heading to another (+)/(-)	8315
Depreciation and amounts written down at the end of the period	8325	21.275.888
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	354.470

	Codes	Period	Previous period
ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	50.979.869
Movements during the period
Acquisitions, including produced fixed assets	8166	24.210.629
Sales and disposals	8176	96.193
Transfers from one heading to another (+)/(-)	8186	-33.928.869
Acquisition value at the end of the period	8196	41.165.436
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
Transfers from one heading to another (+)/(-)	8246
Revaluation surpluses at the end of the period	8256
Depreciation and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
Transfers from one heading to another (+)/(-)	8316
Depreciation and amounts written down at the end of the period	8326
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	41.165.436

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	3.454.463.024
Movements during the period
Acquisitions, including produced fixed assets	8361	323.581
Sales and disposals	8371	13.521.635
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	3.441.264.970
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	116.136.215
Movements during the period
Recorded	8471	7.171.520
Written back	8481	2.507
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501	11.269.128
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521	112.036.100
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8541	12.500
Uncalled amounts at the end of the period	8551	12.500
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	3.329.216.370
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

	Codes	Period	Previous period
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	1.913.062
Movements during the period
Acquisitions, including produced fixed assets	8362
Sales and disposals	8372	19.250
Transfers from one heading to another (+)/(-)	8382
Acquisition value at the end of the period	8392	1.893.812
Revaluation surpluses at the end of the period	8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8412
Acquisitions from third parties	8422
Cancelled	8432
Transfers from one heading to another (+)/(-)	8442
Revaluation surpluses at the end of the period	8452
Amounts written down et the end of the period	8522P	xxxxxxxxxxxxxxx	1.766.371
Movements during the period
Recorded	8472
Written back	8482	19.250
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
Transfers from one heading to another (+)/(-)	8512
Amounts written down at the end of the period	8522	1.747.121
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx	16.252
Movements during the period (+)/(-)	8542
Uncalled amounts at the end of the period	8552	16.252
NET BOOK VALUE AT THE END OF THE PERIOD	(282)	130.439
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	283P	xxxxxxxxxxxxxxx	3.800.000
Movements during the period
Additions	8582
Repayments	8592
Amounts written down	8602	3.800.000
Amounts written back	8612
Exchange differences (+)/(-)	8622
Other (+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD	(283)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8652	3.800.000

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	105.368.927
Movements during the period
Acquisitions, including produced fixed assets	8363	18.701.163
Sales and disposals	8373	5.037
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393	124.065.053
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx	91.294.177
Movements during the period
Recorded	8473	1.890
Written back	8483	15.146.133
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503	4.865
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523	76.145.069
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx	8.407
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553	8.407
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	47.911.577
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	5.099.393
Movements during the period
Additions	8583
Repayments	8593	5.012.710
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	86.683
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued.

		Shares held by			Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore France FC Les Mercuriales tour du ponant r J Jaures 40 93176 BAGNOLET CEDEX France 10342965001				31/12/2013	EUR	35.753.974	69.786
Shares	1520000 100,00		0,00
Umicore Financial Services PLC Rue du Marais / Broekstraat 31 1000 Brussel 1 Belgium 0428.179.081				31/12/2013	EUR	500.450.274	70.410.628
Shares	3		0,00 100,00
Umicore MS Lusitana FC Travessa do Padrao Freguessia de Perafita 4455524 Perafita(Concelho de Matosinhos) Portugal 505683155				31/12/2013	EUR	36.930	-11.569
Shares	914	1,72	98,28
Umicore USA FC Zinc Plant Road 1800 37041- 1104 Claksvillle-Tennessee United States of America				31/12/2013	USD	238.196.742	1.362.424
		483 100,00	0,00
Shares Umicore Shanghai FC Changshi Road 250 201600 Shanghai (Songjiang County) China				31/12/2013	CNY	107.870.149	5.011.373
	49350000	75,00	0,00
Shares Umicore South Africa FC 8 Penny Road - PO Box 1195 1725 Roodepoort South Africa				31/12/2013	ZAR	-2.843.136	561.212
Shares Umicore Building Products Scandinavia FC Lysbrohogen 5 8600 Silkeborg Denmark		750 100,00	0,00	31/12/2013	DKK	10.696.328	1.542.714
Shares	1499	99,93	0,07

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

	Shares held by			Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number %		%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore Building Products Polska FC nl Ludwiki 4 01-226 Warsaw Poland				31/12/2013	PLN	1.943.244	86.213
Shares Unimet FC Ave Constitucion -Pte Tercer Piso 2233 Monterrey-Estado de Nueve Leon Mexico		3500 100,00	0,00	31/12/2013	MXN	3.430.753	-568.496
Shares Umicore Autocatalyst Recycling Belgium PLC Greinerstraat 14 2660 Hoboken (Antwerpen) Belgium	3418	97,97	0,00	31/12/2013	EUR	119.799	-13.386
0466.261.083 Shares Umicore MS Taiwan FC Keelung Road Sec 2 -16F-2 189 Taipei Taiwan	6249	99,98	0,02	31/12/2013	TWD	9.156.498	2.413.524
Shares Umicore Korea Limited FC Chaam-Dong 410 330-200 Cheonan - Ciry Chungnam South Korea	500000 100,00		0,00	31/12/2013	KRW	99.343.947.171	15.295.368.183
Shares Umicore Australia FC Somerville Road 414 3012 Tottenham - Victoria Australia	5250000 100,00		0,00	31/12/2013	AUD	4.828.069	-7.210.545
Shares Umicore Holdings Philippines FC Sitio malinta Asinan Proper 1044 Subic - Zambales Philippines	10000 100,00		0,00	31/12/2013	PHP	155.182.423	79.326
Shares	1536562	99,99	0,01

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

		Shares held by			Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
Belgian law, the COMPANY NUMBER	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore Building Products Iberica FC calle Juan Gris - Ed. Torres Cerda, 4 , box 6C 08014 Barcelona Spain				31/12/2013	EUR	387.361	-40.509
Shares Umicore Holding 1 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	320000 100,00		0,00	31/12/2013	EUR	282.801.207	-7.922.192
Shares Umicore Holding 2 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany		100 100,00	0,00	31/12/2013	EUR	31.830.072	-427.875
Shares Umicore International PLC Rue Bommel 5 4940 Bascharage Luxembourg		100 100,00	0,00	31/12/2013	EUR	2.928.243.413	95.227.291
Shares Umicore Building Products CZ FC Pod Visöovkou 1661 , box 31 140 00 Prague 4 Czech Republic	23407989 100,00		0,00	31/12/2013	CZK	4.149.000	175.000
Shares Umicore MS Australia PTY LTD FC St Kilda Road Towers-level 5 606 3004 Melbourne - Victoria Australia		100 100,00	0,00	31/12/2013	AUD	415.000	-19.000
Shares Rezinal PLC Industriezone West 3550 Heusden (Limb.) Belgium 0414.089.040	2000100 100,00		0,00	31/12/2013	EUR	12.371.090	302.092
Shares Todini AND Co FC Via Larga 8 Milano Italy 10722620159	15000	50,00	0,00	31/12/2013	EUR	8.873.894	5.578.498

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

subsi OFFICE and for the enterprise governed by directly Capital and reserves Net result Primary Mone diaries Belgian law, the COMPANY NUMBER financial tary (+) or (-) statement unit Number % % (in monetary units) 864000 48,00 0,00 Shares Umicore Finance Norway FC 31/12/2013 NOK 59.323.612 575.570 Hoffsgate 10 3262 LARVIK Norway 12242 100,00 0,00 Shares Umicore Specialty Materials Brugge PLC 31/12/2013 EUR 2.642.266 2.667.646 Kleine Pathoekeweg 82 8000 Brugge Belgium 0405.150.984 21499 99,93 0,07 ordinary shares Umicore Argentina FC 31/12/2013 ARS 26.430.357 -14.506.159 Avenida Roque Sáenz Pena 651 8° piso Oficina 139, Buenos Aires Argentina 1.603.638 9139747 95,96 4,04 Shares Industrias Electro Quimicas SA FC 31/12/2013 PEN 116.967.390 1.476.477 Avenida Elmer Faucett 1920 Callao 1 Peru 18464806 40,00 0,00 Shares beLife PLC 31/12/2013 EUR 8.685.000 -3.061.169 Rue Joseph Wauters 120 4480 Ehein (Engis) Belgium 0440.744.838 30782 49,00 0,00 Shares beLife Intermediates PLC 31/12/2013 EUR 2.887.000 -1.979.096 Rue Joseph Wauters 120 4480 Ehein (Engis) Belgium 0846.150.202 392 4,00 96,00 Shares	NAME, full address of the REGISTERED	Shares held by		Information from the most recent period for which annual accounts are available

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares	51
Book value increased with the uncalled amount	8681
Uncalled amount	8682
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term deposit with credit institutions	53	9.858.607	2.051.044
Falling due
less or up to one month	8686	9.858.607	2.051.044
between one month and one year	8687
over one year	8688
Other investments not yet shown seperately	8689

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

Gains on MTM on sales commitments - metal part 3.554.579 Other deferred charges 3.772.373

Profit on hedging for metals 1.160.506

Period

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

STATEMENT OF CAPITAL

Social capital

Issued capital at the end of the period
Issued capital at the end of the period

Codes	Period	Previous period
100P	XXXXXXXXXXXXXX	500.000.000
(100)	500.000.000

	Codes	Amounts	Number of shares
Changes during the period:
Destruction of own shares			-8.000.000
Structure of the capital Different categories of shares
Ordinary Shares		500.000.000	112.000.000
Registered shares	8702	XXXXXXXXXXXXXX	17.239.569
Bearer shares and/or dematerialized shares	8703	XXXXXXXXXXXXXX	94.760.431

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721	17.474.429
Number of shares held	8722	3.914.272
Held by the subsidiaries
Amount of capital held	8731
Number of shares held	8732
Commitments to issue shares
Following the exercising of CONVERSION RIGHTS
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Following the exercising of SUBSCRIPTION RIGHTS
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital, not issued	8751	50.000.000

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AS AT THE ANNUAL BALANCING OF THE BOOKS, AS IT APPEARS FROM THE STATEMENT RECEIVED BY THE ENTERPRISE

	Number shares	% Capital
	------------------------------	-------------------
Other shareholders	86.824.960	77,53
Family Trust Desmarais, Albert Frère and Groupe Bruxelles Lambert S.A.	11.883.643	10,61
BlackRock Inc	5.957.971	5,32
Titles detained by Umicore	3.914.272	3,49
Norges Bank	3.419.154	3,05
	----------------------	---------------
	112.000.000	100.00

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE
Protection of the environment	51.234.323
Sundry litigations and sundry risks	5.996.163
Premiums 25 & 35 years service	2.060.511

Financial debts	8801	500.000.000
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841
Other loans	8851	500.000.000
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contracts in progress	8891
Other amounts payable	8901
Total amounts payable after more than one year, not more than one year	(42)	500.000.000
Amounts payable after more than one year, between one and five years
Financial debts	8802	1.582.000.000
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852	1.582.000.000
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902
Total amounts payable after more than one year, between one and five years	8912	1.582.000.000
Amounts payable after more than one year, over five years
Financial debts	8803
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833
Credit institutions	8843
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress	8893
Other amounts payable	8903
Total amounts payable after more than one year, over five years	8913

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 of the liabilities)
Expired taxes payable	9072
Non expired taxes payable	9073	6.045.598
Estimated taxes payable	450
Remuneration and social security (heading 454/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	47.068.885

Nr.	0401.574.852		C 5.9
			Period
	ACCRUED CHARGES AND DEFERRED INCOME
		Allocation of the heading 492/3 of liabilities if the amount is considerable
	Deferred income		10.620.409
	Other accrued charges		14.175.636
	Losses currency		5.993.630
	Treatment charges		30.093.988
	Loss on hedging for metal positions		1.163.036

OPERATING RESULTS

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Other operating income
Total amount of subsidies and compensatory amounts obtained from public authorities	740	1.510.147	1.553.459
OPERATING COSTS
Employees for whom the company has submitted a DIMONA declaration or are recorded in the general personnel register
Total number at the closing date	9086	2.965	2.995
Average number of employees calculated in full-time equivalents	9087	2.893,7	2.922,5
Number of actual worked hours	9088	4.977.193	5.067.393
Personnel costs
Remuneration and direct social benefits	620	164.432.264	162.273.180
Employers' social security contributions	621	59.605.184	60.245.710
Employers' premiums for extra statutory insurances	622	13.276.221	11.311.999
Other personnel costs	623	8.983.929	8.461.845
Old-age and widows' pensions	624	3.190.047	3.675.405
Provisions for pensions
Additions (uses and write-back) (+)/(-)	635	9.127.583	13.919.712
Amounts written off
Stocks and contracts in progress
Recorded	9110	1.131.497	7.474.270
Written back	9111	10.342.259	51.437
Trade debtors
Recorded	9112	33.044	10.935
Written back	9113	5.553	210
Provisions for risks and charges
Additions	9115	43.220.952	42.957.941
Uses and write-back	9116	33.831.732	34.051.566
Other operating charges
Taxes related to operation	640	6.849.010	5.646.816
Other charges	641/8	6.729.917	4.311.852
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096	14	17
Average number calculated as full-time equivalents	9097	18,9	22,4
Number of actual worked hours	9098	37.313	44.254
Charges to the enterprise	617	1.300.269	1.630.210

FINANCIAL AND EXTRAORDINARY RESULTS

	Codes	Period	Previous period
FINANCIAL RESULTS
Other financial income
Amount of subsidies granted by public authorities, credited to income for the period
Capital subsidies	9125	2.364.707	2.323.948
Interest subsidies	9126
Allocation of other financial income
Exchange variances and differences		342.484	127.815
Sundry financial income		284.437	193.987
Financ.customers and int. for late payment		19.448	31.753
Amounts written down off loan issue expenses and repayment premiums	6501
Intercalary interests recorded as assets	6503
Value adjustments to current assets
Appropriations	6510	400.000	283.039
Write-backs	6511	9.259	949
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653	1.399.661	1.259.802
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial charges
Exchange variances and differences		18.773	1.106.119
Sundry financial costs		3.289.790	1.432.183

Allocation other extraordinary income

Other extraordinary income 1.330

Allocation other extraordinary charges

Period

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXE
Income taxes on the result of the current period	9134	744.949
Income taxes paid and withholding taxes due or paid	9135	744.949
Excess of income tax prepayments and withholding taxes recorded under assets	9136
Estimated additional taxes	9137
Income taxes on previous periods	9138
Taxes and withholding taxes due or paid	9139
Estimated additional taxes estimated or provided for	9140
In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit
Taxable provisions and hidden reserves		13.189.238
Gains and losses in financial fixed assets		-28.206.000
Non deductible charges		6.745.274
Already taxed dividends		-103.668.464
Write-off on financial assets		7.173.410
Capital subsidies exempt		-2.364.707
Reversals of write-downs on shares		-15.187.140
Investment deductions		-2.739.634
Utilisation of tax credit		-1.971.558

An indication of the effect of extraordinary results on the amount of income taxes relating to the current period

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets	9141	129.596.402
Accumulated tax losses deductible from future taxable profits	9142
Other deferred taxes representing assets
Investment deductions		8.218.901
Taxable provisions and hidden reserves		120.161.687
R&D tax credit		1.215.815
Deferred taxes representing liabilities	9144
Allocation of deferred taxes representing liabilities
Taxfree reserves		150.153.867

THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES
The total amount of value added tax charged
To the enterprise (deductible)	9145	235.803.103	294.478.530
By the enterprise	9146	228.316.883	279.343.087
Amounts retained on behalf of third parties for
Payroll withholding taxes	9147	40.473.214	40.878.810
Withholding taxes on investment income	9148	19.348.049	17.413.625

Codes Period Previous Period

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Code	Period
PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise
Mortgages
Book value of the immovable proporties mortgaged	9161
Amount of registration	9171
Pledging on goodwill - amount of registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties
Mortgages
Book value of the immovable proporties mortgaged	9162
Amount of registration	9172
Pledging on goodwill - amount of registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213	40.863.254
Goods sold (to be delivered)	9214	101.109.346
Currencies purchased (to be received)	9215	1.000.177.481
Currencies sold (to be delivered)	9216	1.000.177.481

INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE

Lease-out metals 107.239.851 Metals owned by parties for tolling 253.035.364 Lease-in metals 42.239.723 Metals owned by Umicore for tolling 96.843.381 Bankguarantees 15.175.404 Personal guarantees given 91.858.057

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES

	Code	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting for the enterprise from past services	9220

Methods of estimation

......................... .. NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS

Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too:

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	3.329.216.370	3.338.326.809
Investments	(280)	3.329.216.370	3.338.326.809
Amounts receivable subordinated	9271
Other amounts receivable	9281
Amounts receivable	9291	127.512.538	97.047.331
After one year	9301	363.483	363.483
Within one year	9311	127.149.055	96.683.848
Current investments	9321	9.858.607	2.051.044
Shares	9331
Amounts receivable	9341	9.858.607	2.051.044
Amounts payable	9351	2.707.111.706	2.616.273.305
After one year	9361	1.582.000.000	2.082.000.000
Within one year	9371	1.125.111.706	534.273.305
Personal and real guarantees
Provided or irrevocably promised by the enterprise, as security for debts or
commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other substancial financial commitments	9401
Financial results
Income from financial fixed assets	9421	109.114.739	99.432.517
Income from current assets	9431	301.080	384.320
Other financial income	9441
Debts charges	9461	75.684.187	88.761.380
Other financial charges	9471
Gains and losses on disposal of fixed assets
Obtained capital gains	9481
Obtained capital losses	9491
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	(282/3)	130.439	3.930.439
Investments	(282)	130.439	130.439
Amounts receivable subordinated	9272
Other amounts receivable	9282		3.800.000
Amounts receivable	9292
After one year	9302
Within one year	9312
Amounts payable	9352
After one year	9362
Within one year	9372

RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS

TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS

Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company:

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH
Amounts receivable from these persons	9500
Conditions on amounts receivable
Guarantees provided in their favour	9501
Guarantees provided in their favour - Main condition
Other significant commitments undertaken in their favour	9502
Other significant commitments undertaken in their favour - Main condition
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	484.750
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	95.175
Tax consultancy	95062
Other missions external to the audit	95063	64.190
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082	21.545
Other missions external to the audit	95083	17.725

Mention related to article 133 paragraph 6 from the Companies Code

DERIVATIVES NOT MEASURED AT FAIR VALUE

ESTIMATE OF THE FAIR VALUE FOR EACH CATEGORY OF DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT MEASURED ON THE BASIS OF THE FAIR VALUE IN THE ECONOMIC TRAFFIC, INDICATING THE EXTENT AND THE NATURE OF THE INSTRUMENTS

	Period
ESTIMATE OF THE FAIR VALUE FOR EACH CATEGORY OF DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT MEASURED ON THE BASIS OF THE FAIR VALUE IN THE ECONOMIC TRAFFIC, INDICATING THE EXTENT AND THE NATURE OF THE INSTRUMENTS
A gain on metal commitments of	743.909
A loss on currency commitments of	-511.501
Interest Rate Swap	-3.489.040
A loss on energy commitments of	-3.855.314

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION THAT MUST BE PROVIDED BY EACH COMPANY, THAT IS SUBJECT OF COMPANY LAW ON THE CONSOLIDATED ANNUAL ACCOUNTS OF ENTERPRISES

The enterprise has drawn up publiced a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of the limits mentioned in art. 16 of Company Law*

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts, in which her yearly statement of accounts is included*

If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law:

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company preparing and publishing the consolidated accounts required:

INFORMATION TO DISCLOSE BY THE REPORTING ENTERPRISE BEING A SUBSIDIARY OR A JOINT SUBSIDIARY

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published.

SOCIAL REPORT

Numbers of joint industrial committees which are competent for the enterprise:

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY HAS SUBMITTED A DIMONA DECLARATION OR ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	2.648,7	2.350,8	297,9
Part-time	1002	319,2	180,5	138,7
Total of full-time equivalents (FTE)	1003	2.893,7	2.491,2	402,5
Number of hours actually worked
Full-time	1011	4.462.777	3.920.669	542.108
Part-time	1012	514.416	294.947	219.469
Total	1013	4.977.193	4.215.616	761.577
Personnel costs
Full-time	1021	225.400.331	199.894.254	25.506.077
Part-time	1022	20.897.267	11.932.716	8.964.551
Total	1023	246.297.598	211.826.970	34.470.628
Advantages in addition to wages	1033

During the previous period	Codes	P. Total	1P. Men	2P. Women
Average number of employees Number of hours actually worked Personnel costs Advantages in addition to wages	1003 1013 1023 1033	2.922,5 5.067.393 242.292.734	2.518,8 4.291.184 206.844.883	403,7 776.209 35.447.850

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees	105	2.613	352	2.885,1
By nature of the employment contract
Contract for an indefinite period	110	2.533	348	2.802,1
Contract for a definite period	111	79	4	82,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113	1		1,0
According to the gender and by level of education
Male	120	2.325	201	2.482,4
primary education 1200		548	78	608,8
secondary education	1201	1.120	86	1.187,1
higher education (non-university)	1202	306	28	328,4
university education	1203	351	9	358,1
Female	121	288	151	402,7
primary education	1210	8	8	14,1
secondary education	1211	45	31	68,3
higher education (non-university)	1212	125	84	188,3
university education	1213	110	28	132,0
By professional category
Management staff	130	85	2	86,6
Employees	134	1.157	211	1.318,8
Workers	132	1.371	139	1.479,7
Other	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Temporary personnel	2. Persons placed at the disposal of the enterprise
Average number of employees	150	18,9
Number of hours actually worked	151	37.313
Charges of the enterprise	152	1.300.269

TABLE OF PERSONNEL CHANGES DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees for whom the company has submitted a DIMONA declaration or are recorded in the personnel register during the financial year in the general personnel register	205	157	4	160,1
By nature of the employment contract
Contract for an indefinite period	210	96	1	96,9
Contract for a definite period	211	61	3	63,2
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees with a in the DIMONA declaration indicated or in the general personnel register listed date of termination of the contract during the financial year	305	160	31	182,6
By nature of the employment contract
Contract for an indefinite period	310	147	30	169,0
Contract for a definite period	311	13	1	13,6
Contract for the execution of a specifically assigned work	312
Replacement contract	313
According to the reason for termination of the employment contract
Retirement	340	12	4	14,9
Unemployment with company allowance	341	58	22	74,4
Dismissal	342	21	1	21,8
Other reason	343	69	4	71,5
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD

Codes	Male	Codes	Female
5801	2.438	5811	432
5802	46.556	5812	8.311
5803	4.173.625	5813	1.116.855
58031	4.339.651	58131	1.146.274
58032	95.455	58132	16.914
58033	261.481	58133	46.333
5821	787	5831	121
5822	55.213	5832	3.295
5823	3.144.030	5833	270.767
5841	1	5851
5842	944	5852
5843	37.533	5853
		of which gross costs directly linked to the training of which received subsidies (to be deducted)	of which paid contributions and deposits in collective funds