ANNUAL ACCOUNT IN EURO

40 Nr.

No. 0473.191.041

Date of the deposition

PP.

1

EUR

B.

D.

C 1.1

ANNUAL ACCOUNT IN EURO NAME:

BARCO

Legal form: Public limited company Address: Kennedypark

Nr.: 35

Postal Code: 8500

City: Kortrijk

Country: Belgium Register of Legal Persons (RLP) - Office of the commercial court at: Kortrijk Internet address *: 0473.191.041

Company number:

DATE

6/09/2004

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 ACCOUNT approved by the General Meeting of concerning the financial year covering the period from Previous period from The amounts of the previous financial year are

/

24/04/2008 1/01/2007

till

31/12/2007

1/01/2006

till

31/12/2006

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 Dhr. DAEMS Herman Kruisbooglaan 20, 3210 Lubbeek, Belgium Title : President of the board of directors

Dhr. NAERT Philippe Struikenlaan 13, 2930 Brasschaat, Belgium Title : Director

Dhr. DE PRYCKER

Martin

Uilenstraat 199, 9100 Sint-Niklaas, Belgium Title : Delegated director

Dhr. CORNU Jozef Grouwesteenstraat 13, 9170 Sint-Gillis-Waas, Belgium Title : Director Mandate : - 13/12/2007

Enclosed to these annual accounts: MANAGEMENT REPORT, REPORT OF THE COMMISSIONERS Total number of pages deposited: 46 of service: 5.1, 5.2.4, 5.3.4, 5.5.2, 5.6, 5.16 Signature (name and position)

Number of the pages of the standard form not deposited for not being

Signature (name and position)

Dhr. DE PRYCKER Martin

Dhr. DAEMS Herman

Gedelegeerd bestuurder

Voorzitter raad van bestuur

* Optional statement. ** Delete where appropriate.

Nr.

0473.191.041

C 1.1

BARCO

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

Dhr. VAN ZELE Eric Hertenlaan 9, 1560 Hoeilaart, Belgium Title : Director

Dhr. OOMS Marc Emile Duraylaan 58, 1050 Brussel 5, Belgium Title : Director

Dhr. VERCRUYSSE Marc Appelkantstraat 101A, 2530 Boechout, Belgium Title : Director

Dhr. OOSTERVELD Jan P. Javalaan 107, 5631 DB Eindhoven, Netherlands Title : Director

Mevr. VON WACKERBARTH Christina Begijnenvest 39, 2000 Antwerpen, Belgium Title : Director Mandate : 3/05/2006 Dhr. HUGHES John, M C77 Albion Riverside, Hester Road 8, SW114AR London, United Kingdom Title : Director Mandate : 3/05/2006 Dhr. VERHOEVEN Robert Halve Maanstraat 24A, 2890 Sint-Amands, Belgium Title : Director Mandate : - 24/04/2007 ERNST & YOUNG BEDRIJFSREVISOREN B160

Professional association

0446.334.711

Marcel Thirylaan 204, 1200 Brussel 20, Belgium Title : Auditor

Represented by: Dhr. VAN HOECKE Marc Heidebergen 47 , 9830 Sint-Martens-Latem, Belgium Bedrijfsrevisor

2/46

Nr.

0473.191.041

C 1.2

BARCO

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.

Have the annual accounts been audited or adjusted by an external accountant or auditor who is not a statutory auditor ?

YES

/ NO

*.

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. 3/46

Toel.

Nr.

0473.191.041

C 2.1

BARCO

BALANCE SHEET Notes

Codes

Period

Previous period

ASSETS FIXED ASSETS ...................................................................... Formation expenses ............................................................ .......... Intangible fixed assets ........................................................ .............. Tangible fixed assets ......................................................... ............. Land and buildings ............................................................

20/28 5.1

20

5.2

21

5.3

22/27

653.655.989

656.925.911

75.379.395

70.247.976

33.163.084

34.793.659

22

16.911.909

19.374.355

Plant, machinery and equipment ......................................

23

11.787.698

11.610.643

Furniture and vehicles .......................................................

24

2.420.716

2.504.195

Leasing and other similar rights ........................................

25

Other tangible fixed assets ................................................

26

251.589

451.820

Assets under construction and advance payments ............

27

1.791.172

852.646

Financial fixed assets

......................................................... .......... Affiliated enterprises ......................................................... .......... Participating interests ................................................. .................. Amounts receivable .................................................... ............... Other enterprises linked by participating interests ............

Participating interests ................................................. .................. Amounts receivable .................................................... ............... Other financial assets ....................................................... ............ Shares ....................................................................... . Amounts receivable and cash guarantees ................. ................. ................. CURRENT ASSETS ............................................................... ................. .... .... Amounts receivable after more than one year .................... .................... Trade debtors .................................................................. .................... . Other amounts receivable ............................................... ....... .................... Stocks and contracts in progress ........................................ ........................... Stocks .............................................................................. ......... Raw materials and consumables ............................... ............................... Work in progress ........................................................ ......................... ............................... Finished goods .......................................................... ............................. Goods purchased for resale ....................................... ....................................... Immovable property intended for sale ........................ ......... Advance payments .................................................... ................................... Contracts in progress ........................................................ ............................... Amounts receivable within one year .................................... ............................... Trade debtors .................................................................. . Other amounts receivable ............................................... .................... Current investments .......................................................... ........................ Own shares ...................................................................... ............ Other investments and deposits ....................................... ....................................... Cash at bank and in hand .................................................... .... ............... Deferred charges and accrued income ............................... ............................... ..... ..................................................................

TOTAL ASSETS

5.4/ 5.5.1

28

5.14

280/1 280

545.113.510 543.688.837 543.688.837

551.884.276 550.603.084 550.603.084

281 5.14

282/3 282

298 298

298 298

283 284/8 284 285/8 29/58

1.424.375

1.280.894

244.728

244.728

1.179.647

1.036.166

323.354.583

29

271.366.996 123.300

290

123.300

291 3 30/36

122.729.741 113.660.235

83.359.138 80.463.407

30/31

48.451.114

40.706.336

32

21.467.487

14.967.360

33

43.741.634

24.789.711

34 35 36 37 5.5.1/ 5.6

40/41

9.069.506 151.700.461

2.895.731 152.262.083

40

134.899.661

125.897.219

41

16.800.800

26.364.864

50/53 50

44.627.559 44.627.559

33.259.235 33.259.235

51/53

5.6

54/58

57.068

95.687

490/1

4.239.754

2.267.553

20/58

977.010.572

928.292.907

.

4/46

Nr.

0473.191.041

C 2.2

BARCO

EQUITY AND LIABILITIES

Notes

EQUITY ................................................................................. Capital .................................................................................. Issued............ capital ................................................................... Uncalled capital........................... ............................................................... ............................... Share premium account ....................................................... ............... Revaluation surpluses ........................................................ .............. Reserves ................................................................................. ............ Legal reserve ................................................................... .......................... Reserves not available ................................................... .......................................... In respect of own shares held .................................... Other ......................................................................... .................................... .................... ..................... Untaxed reserves .............................................................

10/15 5.7

........................... Current portion of amounts payable after more than one year falling due within one year.......................................... Financial debts ................................................................. ....... Credit institutions ........................................................ ................ Other loans ............................................................... ......... Trade debts....................................................................... . Suppliers ................................................................... ..... Bills of exchange payable............................................ ............................ Advances received on contracts in progress ................... ................... Taxes, remuneration and social security .......................... ................... .......................... Taxes ........................................................................ .......... ............... Remuneration and social security .............................. .............................. Other amounts payable .................................................... ....... .................... Deferred charges and accrued income ............................... ............................... TOTAL LIABILITIES ......................................................... ..... ..........

10 100 101 11 12 13 130 131 1310 1311

................................ Available reserves ............................................................ ................................. Accumulated profits (losses) ......................................(+)/(-) Investment grants ............................................................... ....... Advance to associates on the sharing out of the assets .................................................................. ............................ PROVISIONS AND DEFERRED TAXES ............................... ............................... Provisions for liabilities and charges ................................ ............................... ................................ Pensions and similar obligations ....................................... . .............................. ....................................... Taxation ........................................................................... ................ ................... Major repairs and maintenance ......................................... ......................................... Other liabilities and charges ............................................... ............ ............................................... Deferred taxes ...................................................................... .. AMOUNTS PAYABLE .......................................................... .......................... Amounts payable after more than one year ........................ ........................ Financial debts ................................................................. ................... ....... Subordinated loans .................................................... .................... Unsubordinated debentures ........................................ ................................ Leasing and other similar obligations .......................... .......................... Credit institutions ........................................................ .................... ................ Other loans ............................................................... ......... Trade debts ....................................................................... . Suppliers ................................................................... ..... Bills of exchange payable ............................................ ............................ Advances received on contracts in progress .................... .................... Other amounts payable .................................................... .................... .................... ............ Amounts payable within one year ........................................

Codes

Period 278.350.486

Previous period 322.892.834

54.168.316 54.168.316

54.039.158 54.039.158

131.142.942

129.780.933

50.841.079

39.472.755

6.181.912 44.627.559 44.627.559

6.181.912 33.259.235 33.259.235

132

31.608

31.608

133 14

36.412.794

15

5.785.355

5.165.524

16

17.370.821

23.452.601

160/5

17.370.821

23.452.601

94.434.464

19

160

2.610.363

2.877.574

161 162 5.8

163/5

1.321.535

1.429.740

13.438.923

19.145.287

168 17/49 5.9

17 170/4

681.289.265 46.964.989 41.166.964

581.947.472 57.026.242 54.737.337

170 171 172 173

41.166.964

54.737.337

174 175 1750 1751 176

5.9

178/9

5.798.025

42/48

630.542.501

2.288.905 522.943.501

42

19.579.106

23.295.043

43

454.094.564

351.398.682

430/8

454.094.564

351.398.682

439 44 440/4

92.695.791 92.695.791

83.520.313 83.520.313

441

5.9

46

8.726.308

9.831.417

45

22.463.233

23.840.632

450/3

6.087.694

6.476.497

454/9

16.375.539

17.364.135

47/48 5.9

32.983.499

31.057.414

492/3

3.781.775

1.977.729

10/49

977.010.572

928.292.907

5/46

Nr.

0473.191.041

C 3

BARCO

INCOME STATEMENT

Operating income .................................................................. .......... Turnover ...........................................................................

Notes

Codes

5.10

70/74

Period 613.649.338


70

500.936.479

Increase (decrease) in stocks of finished goods, work and contracts in progress .........(+)/(-)

71

32.036.511

7.724.666

Own construction capitalised

.......................................... .............................. Other operating income ..................................................... ................... Operating charges ............................................................... ............. Raw materials, consumables .............................................. .............................. Purchases .................................................................. .......... Decrease (increase) in stocks ............................(+)/(-)

72

42.057.790

36.780.245

74

38.618.558

35.560.766

359.427.986

286.005.383

609

-8.626.058

302.042

Services and other goods .................................................. .......................... Remuneration, social security costs and pensions ....(+)/(-)

61

110.368.397

99.359.904

62

100.941.652

106.259.884

630

44.980.024

44.066.092

60/64 60 600/8

5.10

Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets ...................

605.941.322 350.801.928

474.300.304

544.536.081 286.307.425

Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) .............(+)/(-)

5.10

631/4

2.405.900

-1.464.611

Provisions for risks and charges - Appropriations (uses and write-backs) ........................................................(+)/(-)

5.10

635/7

-6.081.780

3.932.220

5.10

640/8

2.525.201

6.075.167

Other operating charges .................................................... ........................ Operation charges carried to assets as restructuring costs ............................................................................. (-)

649

Operating profit (loss) .................................................(+)/(-)

9901

7.708.016

9.829.900

Financial income ................................................................... ...... Income from financial fixed assets .................................... .................................... Income from current assets .............................................. .... .............................. Other financial income ....................................................... .....................

75

8.354.136

11.241.522

Financial charges ................................................................. .. Debt charges ..................................................................... ....... Amounts written down on current assets except stocks, contracts in progress and trade debtors .............................................................(+)/(-) Other financial charges ....................................................... ..................... Gain (loss) on ordinary activities before taxes ........ (+)/(-)

750 751 5.11

752/9

5.11

65 650

1.372

6.832

9.300

1.683

8.343.464

11.233.007

32.534.014

24.874.867

22.626.269

15.668.006

9.907.745

9.206.861

651 652/9 9902

-16.471.862

-3.803.445

6/46

Nr.

0473.191.041

C 3

BARCO Codes

Extraordinary income ............................................................. ........ Write-back of depreciation and of amounts written down intangible and tangible fixed assets ................................... ................................... Write-back of amounts written down financial fixed assets .. ...... Write-back of provisions for extraordinary liabilities and charges ............................................................................

76

Gains on disposal of fixed assets ..................................... ..................................... Other extraordinary income ............................................... .. ............................. Extraordinary charges ........................................................... ........... Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets ....................................................................... ..... Amounts written down financial fixed assets .................... .................... Provisions for extraordinary liabilities and charges .................... Appropriations (uses) ..............................................(+)/(-) ................ Loss on disposal of fixed assets ....................................... ..................................... Other extraordinary charges ............................................. ............................... Extraordinary charges carried to assets as restructuring costs ............................................................................(-)

763

Previous period

2.982.680

760 761 762 2.982.680

764/9 66

4.415.923

1.072.796

660 661 662 663 5.11

4.415.923

664/8

446.805 625.991

669

Profit (loss) for the period before taxes ......................(+)/(-)

9903

Transfer from postponed taxes ............................................ ......................... Transfer to postponed taxes ................................................. ..................... Income taxes ........................................................................... . Income taxes ..................................................................... ....... Adjustment of income taxes and write-back of tax provisions ........................................................................... . Profit (loss) for the period .............................................(+)/(-)

780

Transfer from untaxed reserves ............................................ .......................... Transfer to untaxed reserves ................................................. ..................... Profit (loss) for the period available for appropriation (+)/(-)

Period

-17.905.105

-4.876.241 34.659

680 5.12

67/77 670/3 77 9904

192.298

3.941.654

195.770

3.942.152

3.472

498

-18.097.403

-8.783.236

-18.097.403

-8.783.236

789 689 9905

7/46

Nr.

0473.191.041

C 4

BARCO

APPROPRIATION ACCOUNT Codes Profit (loss) to be appropriated .........................................................(+)/(-)

9906

Gain (loss) to be appropriated .......................................................(+)/(-)

(9905)

Profit (loss) to be carried forward ...................................................(+)/(-)

14P

Transfers from capital and reserves .......................................................... ........... from capital and share premium account ............................................... ...................... from reserves .......................................................................................... ..................... Transfers to capital and reserves .............................................................. ....... to capital and share premium account .....................................................

791/2

to the legal reserve ..................................................................................

6920

to other reserves .....................................................................................

6921

Period 76.337.061


-18.097.403

-8.783.236

94.434.464

140.640.151

791 792 691/2

11.368.323

9.650.653

691

Profit (loss) to be carried forward .....................................................(+)/(-)

(14)

Owner's contribution in respect of losses

.............................................. ....................... Profit to be distributed ............................................................................... ...................... Dividends ..................................................................................................

794

Director's or manager's entitlements .........................................................

695

Other beneficiaries ..................................................................................

696

694/6 694

11.368.323 36.412.794

28.555.944 28.555.944

9.650.653 94.434.464

27.771.798 27.771.798

8/46

Nr.

0473.191.041

C 5.2.1

BARCO

STATEMENT OF INTANGIBLE FIXED ASSETS Codes

Period

Previous period

RESEARCH AND DEVELOPMENT COSTS

Acquisition value at the end of the period .............................................. ........................ Movements during the period

8051P

xxxxxxxxxxxxxxx

Acquisitions, including produced fixed assets .......................................

8021

42.057.790

Sales and disposals ..............................................................................

8031

27.596.174

Transfers from one heading to another ....................................... (+)/(-)

8041

Acquisition value at the end of the period .............................................. ........................

8051

Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ....................................... (+)/(-) .......

8121P

Depreciation and amounts written down at the end of the period ........ ........ ........ NET BOOK VALUE AT THE END OF THE PERIOD ................................. ........ ................................. ........ .... ........ ........ ........ ........ ........ ........ ...

8121

118.316.408

210

60.888.105

8071

164.742.897

179.204.513 xxxxxxxxxxxxxxx

112.590.328

33.322.254

8081 8091 8101

27.596.174

8111

9/46

Nr.

0473.191.041

C 5.2.2

BARCO

Codes

Period

Previous period

CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS Acquisition value at the end of the period .............................................. ........................ Movements during the period

8052P

xxxxxxxxxxxxxxx


8022


8032

2.828


8042

179.264


8052

5.970.575

Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... ....... Recorded .............................................................................................. ....... Written back ........................................................................................ ....... ....... Acquisitions from third parties .............................................................. ....... Cancelled owing to sales and disposals ................................................ ....... ....... Transfers from one heading to another ....................................... (+)/(-)

8122P


8122

8072

5.632.300

161.839

xxxxxxxxxxxxxxx

4.736.138

299.807

8082 8092 8102

2.828

8112

211

5.033.117 937.458

10/46

Nr.

0473.191.041

C 5.2.3

BARCO

Codes

Period

Previous period

GOODWILL


8053P

xxxxxxxxxxxxxxx


8023


8033


8043


8053

Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... ....... Recorded .............................................................................................. ....... Written back ........................................................................................ ....... ....... Acquisitions from third parties .............................................................. ....... Cancelled owing to sales and disposals ................................................ ....... ....... Transfers from one heading to another ....................................... (+)/(-)

8123P


8123

165.279.506

212

13.553.832

8073

178.617.714

215.624


161.418.469

3.861.037

8083 8093 8103 8113

11/46

Nr.

0473.191.041

C 5.3.1

BARCO

STATEMENT OF TANGIBLE FIXED ASSETS Codes

Period

Previous period

LAND AND BUILDINGS


8191P

xxxxxxxxxxxxxxx


8161


8171

5.089.093


8181

247.226

Acquisition value at the end of the period .............................................. ........................ Revaluation surpluses at the end of the period ..................................... ................................. Movements during the period

8191

45.241.986

8251P

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

Depreciation and amounts written down at the end of the period ....... ....... Movements during the period ....... ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... .......

8321P

8271

50.083.853

xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

30.709.498

1.603.753

8281 8291 8301

3.983.174

8311 8321

28.330.077

(22)

16.911.909

12/46

Nr.

0473.191.041

C 5.3.2

BARCO

Codes

Period

Previous period

PLANT, MACHINERY AND EQUIPMENT Acquisition value at the end of the period .............................................. ........................ Movements during the period

8192P

xxxxxxxxxxxxxxx


8162

3.380.918


8172

5.560.802


8182

1.153.962


8192 8252P

Recorded ..............................................................................................

8212


8222

Cancelled ..............................................................................................

8232


8242


8252

Depreciation and amounts written down at the end of the period ....... ....... ....... Movements during the period ....... Recorded .............................................................................................. ....... ....... Written back ........................................................................................ ....... Acquisitions from third parties .............................................................. ....... ....... Cancelled owing to sales and disposals ................................................ ....... Transfers from one heading to another ........................................(+)/(-) ....... ....... Depreciation and amounts written down at the end of the period ....... ....... ....... NET BOOK VALUE AT THE END OF THE PERIOD ................................. ....... ................................. ....... .... ....... ....... ....... ....... ....... ....... ....... ....... .......

8322P

8272

71.458.736


xxxxxxxxxxxxxxx

59.848.093

4.245.819

8282 8292 8302

5.448.796

8312 8322

58.645.116

(23)

11.787.698

13/46

Nr.

0473.191.041

C 5.3.3

BARCO

Codes

Period

Previous period

FURNITURE AND VEHICLES Acquisition value at the end of the period .............................................. ........................ Movements during the period

8193P

xxxxxxxxxxxxxxx


8163

778.003


8173

485.090


8183

497.738


8193

23.574.171

8253P

Recorded ..............................................................................................

8213


8223

Cancelled ..............................................................................................

8233


8243


8253


8323P

8273

22.783.520

xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

20.279.325

1.355.430

8283 8293 8303

481.300

8313 8323

21.153.455

(24)

2.420.716

14/46

Nr.

0473.191.041

C 5.3.5

BARCO

Codes

Period

Previous period

OTHER TANGIBLE FIXED ASSETS Acquisition value at the end of the period .............................................. ........................ Movements during the period

8195P

xxxxxxxxxxxxxxx


8165


8175


8185

58.688


8195

2.265.353

8255P

Recorded ..............................................................................................

8215


8225

Cancelled ..............................................................................................

8235


8245


8255


8325P

8275

2.173.660

33.005

xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

1.721.840

291.924

8285 8295 8305 8315 8325 (26)

2.013.764 251.589

15/46

Nr.

0473.191.041

C 5.3.6

BARCO

Codes

Period

Previous period

ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS Acquisition value at the end of the period .............................................. ........................ Movements during the period

8196P


8166


8176


8186


8196 8256P

Recorded ..............................................................................................

8216


8226

Cancelled ..............................................................................................

8236


8246


8256


8326P

xxxxxxxxxxxxxxx

852.646

3.075.404

-2.136.878 1.791.172 xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

8276 8286 8296 8306 8316 8326 (27)

1.791.172

16/46

Nr.

0473.191.041

C 5.4.1

BARCO

STATEMENT OF FINANCIAL FIXED ASSETS Codes

Period

Previous period

AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period .............................................. ........................ Movements during the period

8391P

xxxxxxxxxxxxxxx


8361

6.400.000


8371

13.934.729


8381


8391 8451P

Recorded ..............................................................................................

8411


8421

Cancelled ..............................................................................................

8431


8441


8451

Amounts written down at the end of the period ..................................... ..................................... ................. Movements during the period

8521P

Recorded ..............................................................................................

8471

Written back ........................................................................................

8481


8491

Cancelled owing to sales and disposals ................................................

8501


8511

Amounts written down at the end of the period ..................................... ..................................... Uncalled amounts at the end of the period ............................................. ................. ............................................. Movements during the period .........................................................(+)/(-) .

8521

Uncalled amounts at the end of the period ............................................. ............................................. . NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. ......................... AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE

8551

NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. Movements during the period .........................

281P

8551P


xxxxxxxxxxxxxxx

36.070.681

620.482


8541

(280)

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 ................................. ................................. ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS ......................... RECEIVABLE AT THE END OF THE PERIOD ........................................... ........................................... .....

586.673.765

543.688.837

xxxxxxxxxxxxxxx

(281) 8651

17/46

Nr.

0473.191.041

C 5.4.2

BARCO

Codes

Period

Previous period

OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period .............................................. ........................ Movements during the period

8392P


8362


8372


8382


8392 8452P

Recorded ..............................................................................................

8412


8422

Cancelled ..............................................................................................

8432


8442


8452

Amounts written down et the end of the period ..................................... ..................................... ................. Movements during the period

8522P

Recorded ..............................................................................................

8472

Written back ........................................................................................

8482


8492


8502


8512

Amounts written down at the end of the period ..................................... ..................................... ................. Uncalled amounts at the end of the period ............................................. ............................................. Movements during the period .........................................................(+)/(-) .

298

298 xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

8522 8552P

xxxxxxxxxxxxxxx

8542

Uncalled amounts at the end of the period ............................................. ............................................. . NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. ......................... OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS AMOUNTS RECEIVABLE

8552

NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. Movements during the period ......................... Additions ...............................................................................................

283P

Repayments ..........................................................................................

8592


8602


8612


8622

Other ...........................................................................................(+)/(-)

8632


xxxxxxxxxxxxxxx

(282)

298

xxxxxxxxxxxxxxx

8582

(283) 8652

18/46

Nr.

0473.191.041

C 5.4.3

BARCO

Codes

Period

Previous period

OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES Acquisition value at the end of the period .............................................. ........................ Movements during the period

8393P


8363


8373


8383


8393 8453P

Recorded ..............................................................................................

8413


8423

Cancelled ..............................................................................................

8433


8443


8453

Amounts written down at the end of the period ..................................... ..................................... ................. Movements during the period

8523P

Recorded ..............................................................................................

8473

Written back ........................................................................................

8483


8493


8503


8513

Amounts written down at the end of the period ..................................... ..................................... ................. Uncalled amounts at the end of the period ............................................. ............................................. Movements during the period .........................................................(+)/(-) .

xxxxxxxxxxxxxxx

244.728 xxxxxxxxxxxxxxx

xxxxxxxxxxxxxxx

8523 8553P

xxxxxxxxxxxxxxx

8543

Uncalled amounts at the end of the period ............................................. ............................................. . NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. OTHER ENTERPRISES - AMOUNTS RECEIVABLE .........................

8553

NET BOOK VALUE AT THE END OF THE PERIOD ................................. ................................. Movements during the period ......................... Additions ...............................................................................................

285/8P

xxxxxxxxxxxxxxx

8583

143.481

(284)

Repayments ..........................................................................................

8593


8603


8613


8623

Other ...........................................................................................(+)/(-)

8633


244.728

(285/8)

244.728

1.036.166

1.179.647

8653

19/46

Nr.

0473.191.041

C 5.5.1

BARCO

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. Information from the most recent period for which annual accounts are available

Shares held by NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER

subsidiaries

directly Number

%

%

BARCO sa FC Bd de la Libération 6 93200 St.-Denis France

aandelen

383814

99,99

0 100,00

300000 100,00

300000 100,00

26028

99,98

399

99,75

769

99,87

31/12/2007

EUR

33.103.099

-389.823

31/12/2007

SGD

19.470.260

3.692.358

31/12/2007

MYR

31.283

686.881

31/12/2007

EUR

-1.121.136

-578.015

31/12/2007

PLN

3.867.587

815.168

31/12/2007

EUR

4.953.686

-455.814

0,25

INNOVATIVE DESIGNS PLC President Kennedypark 35 8500 Kortrijk Belgium 0427.422.976 aandelen

435.356

0,00

BARCO Sp. Z.o.o. FC Marywilska 16 Warsaw 03-228 Poland

aandelen

5.568.380

0,00

BARCOVIEW TEXEN sa FC rue Roger Camboulives 7 31000 Toulouse France

aandelen

EUR

0,00

BARCO SENDIRAIN BERHAD FC Level 17,Menara Milenium 17 50490 Kuala Lumpur Malaysia

aandelen

31/12/2007

0,00

BARCOVIEW Pte Ltd FC Technopark@Chai Chee Road 05-03 4690005 Singapore Singapore

aandelen

Net result Mone- Capital and reserves tary (+) or (-) unit (in monetary units)

0,00

BARCO GmbH FC Gresbachstrasse 2-4 76229 Karlsruhe Germany

aandelen

Primary financial statement

0,13

20/46

Nr.

0473.191.041

C 5.5.1

BARCO

INFORMATION RELATING TO THE SHARE IN THE CAPITAL SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

Information from the most recent period for which annual accounts are available


subsidiaries

directly Number

%

%

BARCO SILEX PLC Rue du Bosquet 7 1348 Louvain-la-Neuve Belgium 0445.977.591 aandelen

104

99,05

49999

99,99

1

0,01

5000 100,00

0 100,00

20000 100,00

BARCO Ltd FC Harbour Road 18 Wanchai Hong Kong

0 100,00

31/12/2007

EUR

362.885.221

-94

31/12/2006

EUR

406.946.220

21.418.973

31/12/2007

EUR

3.301.773

113.210

31/12/2006

EUR

1.557.090

-263.258

31/12/2007

KRW

146.759.412

92.062.746

31/12/2007

USD

109.989

27.445

31/12/2006

HKD

-19.735.503

1.655.656

0,00

BARCO TRADING Co Ltd FC Lujiazui Road, Pudong 1 200120 Shanghai China

aandelen

878.294

0,00

BARCOVIEW Ltd FC SAMSUNG-DONG 165-2 216-8 135-881 Kangnam-ku, Seoul South Korea

aandelen

5.921.431

0,00

BARCO srl FC Via Monferrato 7 Milano Italy

aandelen

EUR

99,99

BARCO ELECTRONIC SYSTEMS sa FC Travessera de Les Corts 371 Barcelona Spain

aandelen

31/12/2007

0,01

BARCO COORDINATION CENTER PLC Pres. Kennedypark 35 8500 Kortrijk Belgium 0431.157.278 aandelen


0,95

BARCO CREATIVE SYSTEMS PLC President Kennedypark 35 8500 Kortrijk Belgium 0429.790.271 aandelen


0,00

21/46

Nr.

0473.191.041

C 5.5.1

BARCO




Number aandelen

subsidiaries

directly

9999999

% 99,00

%

2000 100,00

3098403 100,00

419949

99,99

9800

49,00

5000 100,00

2500000 100,00

4390 100,00

INR

2.453.039.263

275.140.980

31/12/2007

BRL

2.222.821

262.231

31/12/2007

THB

-8.539.129

1.264.225

31/12/2007

DKK

97.421.863

-28.835.199

31/12/2007

TWD

-12.026.463

5.326.624

31/12/2007

EUR

79.154.911

724.162

0,00

BARCO HOLDING bv FC Marinus van Meelweg 20 EN 5657 Eidhoven Netherlands

aandelen

31/12/2007

0,00

BARCO Ltd FC 17F Chungcheng Road Chungdo City 868-6 Tapei County 35 Taiwan

aandelen

-34.883.817

0,00

BARCO A/S Denmark FC Tobaksvejen 23 A 2860 Soeborg Denmark

aandelen

-323.152.160

0,01

BARCO Ltd FC Chaengwatana Road 99/34 Bangkok Thailand

aandelen

JPY

0,00

BARCO Ltda FC Av. Dr. Cardoso de Melo 351-8 Sao Paulo Brazil

aandelen

31/12/2007

0,00

BARCO ELECTRONIC SYSTEMS PVT Ltd FC LSC, Community Centre Pushp Vihar 14 110062 New Dehli India aandelen


0,00

BARCO Co Ltd FC Heiwajima Ohta-Ku 5-1-1 1430006 Tokyio Japan

aandelen


0,00

22/46

Nr.

0473.191.041

C 5.5.1

BARCO




subsidiaries

directly Number

%

%

FLABEL CORPORATION PLC Auguste Ryerslaan 80 1030 Brussel 3 Belgium 0465.127.074 aandelen

250

25,00

7994

99,98

1000 100,00

0 100,00

3000 100,00

0 100,00

1

31/12/2007

EUR

518.253

201.361

31/12/2007

USD

32.048.923

-8.312.712

31/12/2007

RUB

17.910.561

6.818.015

31/12/2007

SEK

2.775.555

406.291

31/12/2007

HKD

76.045.318

4.415.862

0,00

BARCO LEYARD FC xxxx xxx xxxx China . . Aandelen

1

0,00

BARCO SVERIGE A/B FC Municipality 80 791 27 Göteborg Sweden

Gewone aandelen

EUR

0,00

Barco Services LLC-BPS FC Novorogozhkaya Ul 32, Stryeniye 1 109544 Moscow Russian Federation

aandelen

31/12/2007

0,02

BARCO Inc FC Orange Street 1209 Wilmington Delaware United States of America

aandelen


0,00

BARCO Silex SA FC Route de Trets 1 13790 Peynier France

aandelen


0,00

23/46

Nr.

0473.191.041

C 5.7

BARCO

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS Codes

Period

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

100P

XXXXXXXXXXXXXX

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

(100)

STATEMENT OF CAPITAL

Previous period

Social capital

Codes

54.039.158

54.168.316

Amounts

Number of shares

Changes during the period: 06/07/2007 uitoefening warrants

97.648

22.815

04/10/2007 uitoefening warrants

25.565

5.973

28/12/2007 uitoefening warrants

5.945

1.389

54.168.316

12.669.755

Structure of the capital Different categories of shares Aandelen zonder aanduiding van nominale waarde Registered ............................................................................................................

8702

XXXXXXXXXXXXXX

3.229

Bearer ...................................................................................................................

8703

XXXXXXXXXXXXXX

12.666.526

Codes

Uncalled capital

Capital not paid Uncalled capital .......................................................................................

(101)

Capital called, but not paid ......................................................................

8712

Capital called, but not paid XXXXXXXXXXXXXX

XXXXXXXXXXXXXX

Shareholders having yet to pay up in full

Codes

Period

OWN SHARES Held by the company itself Amount of capital held

...................................................................................................................... ....................... Number of shares held ...................................................................................................................... ....................... Held by the subsidiaries Amount of capital held

...................................................................................................................... ....................... Number of shares held ...................................................................................................................... .......................

8721

3.035.806

8722

710.063

8731 8732

Commitments to issue shares Following the exercising of CONVERSION RIGHTS Amount of outstanding convertible loans ........................................................................................ ..................................................... Amount of capital to be subscribed ................................................................................................. ............................................ Corresponding maximum number of shares to be issued .............................................................. .............................................................. Following the exercising of SUBSCRIPTION RIGHTS ................. Number of outstanding subscription rights

...................................................................................... ....................................................... Amount of capital to be subscribed ................................................................................................. ............................................ Corresponding maximum number of shares to be issued ............................................................... ............................................................... ............... Authorized capital, not issued .................................................................................................................

8740 8741 8742

8745

738.972

8746

3.162.808

8747

738.972

8751

26.600.000

............................

24/46

Nr.

0473.191.041

C 5.7

BARCO

Codes

Period

Shared issued, not representing capital Distribution Number of shares held

.................................................................................................................. ........................... Number of voting rights attached thereto ........................................................................................ ..................................................... Allocation by shareholder ................................................................................. ............................................................ ...................................................................................... .......................................................

8761 8762

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 AANDEELHOUDERSSTRUCTUUR OP 31-12-2007 (*) VIM nv : 1.249.921 aandelen aan toonder, dit vertegenwoordigt 9,87 % van de bestaande stemrechten en 9,32 % van de potentiële stemrechten. (*) : de percentages werden berekend op basis van het huidig aantal aandelen/potentiële aandelen zoals bevestigd door de GIMV-groep. ----------------------------------------------------------------------------------------------------------------

25/46

Nr.

0473.191.041

BARCO

C 5.8

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

Period

ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE Voorziening voor milieukosten

75.000

Voorziening technische waarborg verkopen

5.947.829

Voorziening voor risico's

7.416.094

26/46

Nr.

0473.191.041

C 5.9

BARCO

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

Codes

Period

ANALYSIS BY CURRENT PORTIONS OF AMOUNTS INITIALLY PAYABLE AFTER MORE THAN ONE YEAR Amounts payable after more than one year, not more than one year Financial debts ..........................................................................................................................................

8801

Subordinated loans .............................................................................................................................

8811

Unsubordinated debentures ................................................................................................................

8821

Leasing and other similar obligations ..................................................................................................

8831

Credit institutions ................................................................................................................................

8841

Other loans .........................................................................................................................................

8851

Trade debts ............................................................................................................................................... . Suppliers .............................................................................................................................................

8861

Bills of exchange payable ....................................................................................................................

8881

Advance payments received on contracts in progress ............................................................................... Other amounts payable .............................................................................................................................

8891

Total amounts payable after more than one year, not more than one year ............................................... ......................

19.579.106

19.579.106

8871

8901 (42)

19.579.106

Amounts payable after more than one year, between one and five years Financial debts ..........................................................................................................................................

8802


8812


8822


8832


8842

Other loans .........................................................................................................................................

8852


8862

24.247.599

24.247.599

8872


8882

Advance payments received on contracts in progress ............................................................................... Other amounts payable .............................................................................................................................

8892

Total amounts payable after more than one year, between one and five years ...................................... ...................................... ...................................... Amounts payable after more than one year, over five years ...................................... Financial debts .......................................................................................................................................... .......... Subordinated loans .............................................................................................................................

8912

8902

8803

5.798.025

30.045.624

16.919.365

8813


8823


8833


8843

Other loans .........................................................................................................................................

8853


8863

16.919.365

8873


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

16.919.365

27/46

Nr.

0473.191.041

C 5.9

BARCO

Codes

Period

AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)

Amounts payable guaranteed by Belgian public authorities Financial debts ..........................................................................................................................................

8921


8931


8941


8951


8961

Other loans .........................................................................................................................................

8971


8981


9001

Advance payments received on contracts in progress ............................................................................... Taxes, remuneration and social security ...................................................................................................

9011


9051

Total amounts payable guaranteed by Belgian public authorities ............................................................. ........

8991

9021

9061

Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets Financial debts ..........................................................................................................................................

8922


8932


8942


8952


8962

Other loans .........................................................................................................................................

8972


8982 8992


9002

Advance payments received on contracts in progress ............................................................................... Taxes, remuneration and social security ...................................................................................................

9012

Taxes ..................................................................................................................................................

9032

Remuneration and social security .......................................................................................................

9042


9052

Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets........................................................................................................................... .. AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY

9022

9062

Taxes (heading 450/3 of the liabilities) Expired taxes payable .............................................................................................................................

9072

Non expired taxes payable ........................................................................................................................

9073

Estimated taxes payable ...........................................................................................................................

450

6.087.694

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

16.375.539

28/46

Nr.

0473.191.041

BARCO

C 5.9 Period

ACCRUED CHARGES AND DEFERRED INCOME Allocation of the heading 492/3 of liabilities if the amount is considerable Toe te rekenen kosten

2.614.735

Over te dragen opbrengsten

1.146.549

Omrekeningsverschillen

20.491

29/46

Nr.

0473.191.041

C 5.10

BARCO

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

89.134

73.238

OPERATING COSTS Employees recorded in the personnel register Total number at the closing date ...........................................................................

9086

1.600

1.729

Average number of employees calculated in full-time equivalents .........................

9087

1.704,7

1.679,8

Number of actual worked hours .............................................................................

9088

2.387.921

2.646.836

Remuneration and direct social benefits ...............................................................

620

70.113.856

74.594.578

Employers' social security contributions ................................................................

621

20.577.574

22.064.055

Employers' premiums for extra statutory insurances .............................................

622

4.958.082

4.502.980

Other personnel costs ...........................................................................................

623

4.957.988

4.427.565

Pensions ...............................................................................................................

624

334.152

670.706

635

-267.211

651.614

Recorded .......................................................................................................

9110

5.603.682

6.837.528

Written back ..................................................................................................

9111

4.311.716

7.704.235

Recorded .......................................................................................................

9112

1.508.757

445.869

Written back ..................................................................................................

9113

394.823

1.043.773

Additions ..............................................................................................................

9115

3.137.708

14.460.241

Uses and write-back ............................................................................................

9116

9.219.488

10.528.021

675.733

650.176

Personnel costs

Provisions for pensions Additions (uses and write-back) ................................................................. (+)/(-) Amounts written off Stocks and contracts in progress

Trade debtors

Provisions for risks and charges

Other operating charges Taxes related to operation ...................................................................................

640

Other charges ......................................................................................................

641/8

1.849.468

5.424.991

Total number at the closing date ..........................................................................

9096

93

98

Average number calculated as full-time equivalents ............................................

9097

Number of actual worked hours ...........................................................................

9098

Charges to the enterprise ....................................................................................

617

Hired temporary staff and persons placed at the enterprise's disposal

178.630

187.881

3.850.394

4.006.419

30/46

Nr.

0473.191.041

C 5.11

BARCO

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

Interest subsidies ..........................................................................................

9126

3.304.746

3.635.526

5.030.698

7.516.211

8.020

81.270

221.384

292.415

9.378.612

8.691.141

283.103

193.984

24.646

29.321

Allocation of other financial income Voordelig koersverschil Betalingskortingen Amounts written down off loan issue expenses and repayment premiums ....... ....... Interests recorded as assets .................................................................................. ....... ........ ....... Value adjustments to current assets ....... ....... Appropriations ...................................................................................................... ....... Write-backs ......................................................................................................... ....... ....... Other financial charges ....... Amount of the discount borne by the enterprise, as a result of negotiating ....... amounts receivable .............................................................................................. ....... ..... Provisions of a financial nature

6501 6503

6510 6511

653

Appropriations ......................................................................................................

6560

Uses and write-backs ...........................................................................................

6561

Allocation of other financial income Nadelig koersverschil Andere financiële kosten Kosten beursnotering

EXTRAORDINARY RESULTS

Period

Allocation other extraordinary income

Allocation other extraordinary charges

31/46

Nr.

0473.191.041

C 5.12

BARCO

INCOME TAXES AND OTHER TAXES Codes

Period

INCOME TAXE Income taxes on the result of the current period

9134

226

Income taxes paid and withholding taxes due or paid ...............................................................................

9135

226

Excess of income tax prepayments and withholding taxes recorded under assets ....................................

9136

Estimated additional taxes ........................................................................................................................

9137

Income taxes on previous periods

9138

195.544

Taxes and withholding taxes due or paid ...................................................................................................

9139

195.544

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

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

57.149.319

Accumulated tax losses deductible from future taxable profits ............................................................

9142

34.320.796

Other deferred taxes representing assets Overdracht investeringsaftrek

22.828.523

Deferred taxes representing liabilities ........................................................................................................ Allocation of deferred taxes representing liabilities

9144

Codes

Period

Previous Period

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

101.831.303

78.269.994

By the enterprise ..................................................................................................

9146

73.965.624

69.392.645

Payroll withholding taxes ......................................................................................

9147

19.489.417

20.069.803

Withholding taxes on investment income .............................................................

9148

4.882.939

4.803.375

Amounts retained on behalf of third parties for

32/46

Nr.

0473.191.041

C 5.13

BARCO

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET Code

PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES ...................................... ...................................... Of which ...................................... ...................................... Bills of exchange in circulation endorsed by the enterprise ....................................................................... ............ Bills of exchange in circulation drawn or guaranteed by the enterprise ...................................................... Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise ..................................................................................................................................................

Period

9149

9150 9151 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

12.781.398

Amount of registration ..........................................................................................................................

9171

14.626.000

Pledging on goodwill - amount of registration .............................................................................................

9181

Pledging of other assets - Book value of other assets pledged ................................................................ ....... Guarantees provided on future assets - Amount of assets involved .......................................................... .............

9191 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 ................................................................ ....... Guarantees provided on future assets - Amount of assets involved .......................................................... .............

9192 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) ................................................................................................................ ........................................ Goods sold (to be delivered) ........................................................................................................................ ................................ Currencies purchased (to be received) ........................................................................................................ ................................................ Currencies sold (to be delivered) .................................................................................................................. ......................................

9213 9214 9215 9216

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

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE

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 De onderneming voorziet in bepaalde stelsels van aanvullend overlevingspensioen voor haar personeel. De verplichtingen die daaruit voortvloeien zijn gedekt door contracten afgesloten met een verzekeringsmaatschappij. De verzekeringspremies worden geboekt in het boekjaar waarop ze betrekking hebben. 33/46

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BARCO

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 Methods of estimation

......................... ......................... ......................... ......................... ......................... ......................... ..

9220

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C 5.14

BARCO

RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS Codes

Period

Previous period

AFFILIATED ENTERPRISES Financial fixed assets ................................................................................................ ....................... Investments ............................................................................................................

(280/1)

543.688.837

550.603.084

(280)

543.688.837

550.603.084

62.526.524

46.729.117

62.526.524

46.729.117

Amounts receivable subordinated ...........................................................................

9271

Other amounts receivable ......................................................................................

9281

Amounts receivable ................................................................................................... ............................ After one year .........................................................................................................

9291

Within one year ........................................................................................................ Current investments .................................................................................................. ............................. Shares ....................................................................................................................

9311

Amounts receivable ................................................................................................

9341

Amounts payable ....................................................................................................... ........................ After one year .........................................................................................................

9351

534.492.072

457.635.987

9361

32.811.131

44.987.337

Within one year ......................................................................................................

9371

501.680.941

412.648.650

20.110.058

14.829.406

9301

9321 9331

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 ............................................................... ............................................................... Financial results .

9401

Income from financial fixed assets ......................................................................... ...................................................... Income from financial fixed assets ......................................................................... ...................................................... Other financial income ........................................................................................... .................................... Debts charges ....................................................................................................... ........................ Other financial charges ......................................................................................... ...................................... Gains and losses on disposal of fixed assets

9421

Obtained capital gains ........................................................................................... .................................... Obtained capital losses .......................................................................................... ..................................... ENTERPRISES LINKED BY PARTICIPATING INTERESTS

9481

Financial fixed assets ................................................................................................

9431 9441 9461 9471

9491

(282/3)

298

298

Investments ............................................................................................................

(282)

298

298

Amounts receivable subordinated ...........................................................................

9272

Other amounts receivable ......................................................................................

9282

Amounts receivable ...................................................................................................

9292

After one year ......................................................................................................... Within one year ........................................................................................................ Amounts payable .......................................................................................................

9302 9312 9352

After one year .........................................................................................................

9362

Within one year ......................................................................................................

9372

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BARCO

FINANCIAL RELATIONSHIPS WITH 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 Codes Amounts receivable from these persons

Period

9500

Conditions on amounts receivable Guarantees provided in their favour

9501

Other significant commitments undertaken in their favour

9502

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

754.334

AUDITORS OR PEOPLE THEY ARE LINKED TO

Codes Auditor's fees

............................................................................................................................................... ......................................

9505

Period 134.777

Fees for exceptional services or special missions executed in the company by the auditor Other attestation missions

....................................................................................................................... ............................................... Tax consultancy ....................................................................................................................................... ............................... Other missions external to the audit ......................................................................................................... .............................................................

95061 95062

57.275

95063

7.500

Fees for exceptional services or special missions executed in the company by people they are linked to Other attestation missions

....................................................................................................................... ............................................... Tax consultancy ....................................................................................................................................... ............................... Other missions external to the audit ......................................................................................................... .............................................................

95081 95082 95083

Mention related to article 133 paragraph 6 from the Companies Code

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C 5.17

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** GIMV nv Karel Oomsstraat 37 2018 Antwerpen 1, Belgium 0220.324.117 The enterprise drawns up consolidated annual account data for the major part of the enterprise

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.

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BARCO

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

STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES RECORDED IN THE STAFF REGISTER

During the period and the previous period

1. Full-time

2. Part-time

3. Total (T) or total of full-time equivalents (FTE)

3P.Total (T) or total of full-time equivalents (FTE)

(period)

(period)

(period)

(previous period)

Codes

Average number of employees ..........

100

1.532,0

225,0

Number of hours actually worked .......

101

2.188.112

199.809

2.387.921

(T)

2.646.836

(T)

Personnel costs ................................

102

95.328.634

5.278.866

100.607.500

(T)

106.259.884

(T)

Advantages in addition to wages ........

103

942.991

(T)

957.360

(T)

xxxxxxxxxxxxxxx xxxxxxx

At the closing date of the period

Number of employees recorded in the personnel register

Codes

xxxxxxxxxxxxxxx xxxxxxx

1. Full-time

1.704,7 (FTE)

1.679,8

(FTE)

3. Total in full-time equivalents

2. Part-time

105

1.425

175

1.561,7

Contract for an indefinite period .....................................

110

1.259

172

1.393,5

Contract for a definite period .........................................

111

166

3

168,2

Contract for the execution of a specifically assigned work

112

Replacement contract ...................................................

113

120

1.001

25

1.020,1

Female ..........................................................................

121

424

150

541,6

By professional category Management staff .........................................................

130

10

Employees ....................................................................

134

928

49

966,9

Workers ........................................................................

132

487

126

584,8

Other .............................................................................

133

By nature of the employment contract

According to gender Male .............................................................................

10,0

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

During the period

Average number of employees ............................................................................. ............. Number of hours actually worked ......................................................................... ................. Charges of the enterprise ...................................................................................... ....

Codes

150

1. Temporary personnel

2. Persons placed at the disposal of the enterprise

93,0

151

178.630

152

3.850.394

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TABLE OF PERSONNEL CHANGES DURING THE PERIOD ENTRIES Codes

Number of employees recorded on the personnel register during theof financial year By nature the employment contract

1. Full-time

205

Contract for an indefinite period ....................................... 210 ....................................... Contract for a definite period ........................................... 211 ............ ........................................... Contract for the execution of a specifically assigned work.. 212 .... .. Replacement contract ..................................................... 213 .. ..................................... According to the gender and by level of .. education .. Male: primary education ............................................ 220 .......................................... secondary education ....................................... 221 .. ........................................... higher education (non-university) .................... 222 .. ................ .................... university education ...................................... 223 .. .................... ...................................... Female: primary education .......................................... 230 .. .................... .............. .......................................... secondary education ....................................... 231 .......... ........................................... .. higher education (non-university) .................... 232 ................ .................... .. university education ...................................... 233 .. .................... ...................................... .. .............. .................... .. .......... .. Codes DEPARTURES .. .. .. The number of employees with a in the staff register .. listed date of termination of the contract during the .. period 305 .. .. By nature of the employment contract .. Contract for an indefinite period ....................................... 310 .. ....................................... .. Contract for a definite period ........................................... 311 ............ .. ........................................... Contract for the execution of a specifically assigned work .. 312 .. .... .. .. Replacement contract ..................................................... 313 .... ..................................... According to the gender and by level of .. .. education .... Male: primary education .......................................... .... 320 .......................................... .... 321 secondary education ..................................... ........................................... .... 322 higher education (non-university) .................. .... ................ .................. university education ........................................ 323 .. .................. ...................................... Female: primary education .......................................... .... 330 .................. .............. .......................................... secondary education ..................................... .... 331 .................. ........................................... .... 332 higher education (non-university) .................... ................ .................... .... 333 university education ...................................... .... .................... ...................................... According to the reason for termination of the .................... .... .............. employment contract .. .......... Retirement ....................................................................... .. 340 ................... Early retirement .............................................................. .. 341 .. 342 ............................ Dismissal ........................................................................ .. .................. Other reason ................................................................... 343 .. Of which ....................... the number of persons who continue to .. render services to the enterprise at least .. half-time on a self-employed basis .............. 350 .............. .............. .............. .............. .............. .............. ...... .. .. .. .. .. .. .. ..

2. Part-time


273

1

273,8

121

1

121,8

152

152,0

40 61 36 5 97 18 16

40,0 61,0 36,0 5,0 97,0 18,0 16,8

1. Full-time

1

2. Part-time


321

82

383,1

289

82

351,1

31

31,0

1

1,0

5 104 80 24 10 71 21 6

1 10 1

8 15 14 284

2 10 1 69

13 56 1

5,8 111,1 80,8 24,0 19,2 114,4 21,8 6,0

9,1 22,7 14,5 336,8

39/46

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STATEMENT CONCERNING THE USE OF EMPLOYMENT PROMOTION MEASURES DURING THE FINANCIAL YEAR

3. Financial advantage

Number of employees involved

EMPLOYMENT PROMOTION MEASURES

Codes

1. Number

2. In full-time equivalents

Measures comprising a financial profit* Priority employment plan (in order to encourage the 414 recruitment of job seekers belonging to high-risk groups) Half-time early retirement under col. Agreements ........... 411 ........... Total career interruption ................................................... 412 ........... Reduction in work duties ....................................... (part-time career ........... 413 interruption) ..................................................................... ........... ..................... Social Maribel operation ................................................. 415 1.721 1.678,9 ........... Structural reduction of the......................................... social security contributions ... 416 ........... ... Professional transition program ................................. 417 ........... ... ................................. .. Service jobs .................................................................... 418 ... ........................ ...................... Employment-training agreements .................................... 503 ... .................................... Apprenticeship contracts ................................................. 504 75 74,4 ... .................. ......................................... First job agreement ......................................................... 419 ... ................................. ... Other measures ... Youth training ............................................................................................ 502 ... ... Successive employment contracts concluded for specific 144 143,8 505 ... periods .......................................................................................... ... Early retirement under collective agreements ................. 506 ... ................. Reduction of personal social security contributions to ... ................. 507 610 580,0 poorly paid employees ..................................................... ... ...................................................... ... ................. ... ..... ... Number of employees who are subject to one or more ... measures in support of employment opportunities ... total for the period ............................................................ 550 1.721 1.678,9 ... total for the preceding period ........................................... 550P 1.896 1.831,3 ... ... ... INFORMATION WITH REGARD TO TRAINING RECEIVED...BY EMPLOYEES DURING THE PERIOD ... Total number of training projects as at company expense Codes Male Codes ... ... Number of participating employees .......................................................... 5801 1.134 5811 ... Number of training hours .......................................................................... 5802 63.994 5812 Costs for the company .............................................................................. 5803 3.244.531 5813

2.818.000

16.000

Female 571 16.053 561.440

INFORMATION ON EDUCATIONAL OR TUTORIAL ACTIVITIES OF EMPLOYEES IN COMPLIANCE WITH THE LAW OF SEPTEMBER 5TH 2001 CONCERNING THE IMPROVEMENT OF EMPLOYMENT RATE

Educational or tutorial activities Number of employees practising .............................................................. Number of hours spent on these activities ................................................ Number of employees attending these activities .......................................

*

Codes

Male

5804 5805 5806

Codes

Female

5814 5815 5816

Financial advantage for the employer with regard to the entitled employee on their replacement

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BARCO

VALUATION RULES De bedragen opgenomen onder het Eigen Vermogen en het Nettoresultaat van de rubriek : V.A. DEELNEMINGEN EN MAATSCHAPPELIJKE RECHTEN IN ANDERE ONDERNEMINGEN werden vastgesteld volgens IFRS normen ----------------------------------------------------------------------------------------WAARDERINGSREGELS ================= ACTIVA ====== Voor afschrijvingen op vaste activa wordt de afschrijvingskost berekend vanaf de eerste dag van de maand volgend op de datum van aanschaffing of van in gebruikname voor investeringen in uitvoering. OPRICHTINGSKOSTEN Alle oprichtingskosten worden onmiddellijk ten laste van het resultaat van het boekjaar genomen. IMMATERIELE VASTE ACTIVA De kosten van onderzoek en ontwikkeling waarvan verwacht wordt dat ze een rendement zullen hebben over een periode langer dan het lopende boekjaar worden aan directe kostprijs gewaardeerd en afgeschreven over een periode van maximum drie jaar volgens de lineaire methode. Wanneer blijkt dat geen toekomstig rendement meer mag verwacht worden, worden de kosten volledig afgeschreven. Alle andere immateriële vaste activa worden gewaardeerd aan aanschaffingsprijs en afgeschreven over een periode van vijf jaar volgens de lineaire methode. MATERIELE VASTE ACTIVA De gebouwen, installaties, machines, uitrusting, meubilair, kantoormaterieel en rollend materieel worden gewaardeerd aan aanschaffingsprijs, met inbegrip van alle bijkomende kosten. De bijkomende kosten naar aanleiding van de aankoop van gronden worden onmiddellijk in het resultaat van het boekjaar genomen. De afschrijvingen worden toegepast tegen fiscaal toegelaten percentages : Aard van de investering

Lineaire Afschrijvingen Maximum duur / % 1° jaar

Gebouwen Installaties Productiemachines Meetapparatuur Gereedschap en modellen Meubilair Kantoormaterieel Computermaterieel Rollend materieel

20 j. / 5 10 j. / 10 5 j. / 20 4 j. / 25 3 j. / 33 10 j. / 10 5 j. / 20 3 j. / 33 5 j. / 20

Degressieve Afschrijvingen Minimum duur / % 1° jaar 17 j./ 10 9 j./ 20 4 j./ 40 4 j./ 40 3 j./ 40 9 j./ 20 4 j./ 40 3 j./ 40 4 j./ 40

Verbeteringswerken aan gehuurde gebouwen worden afgeschreven over de resterende looptijd van het huurcontract, met een maximum duur van 20 jaar. De materiële vaste activa gefinancierd met een leasingcontract worden geactiveerd aan de som van de kapitaalbestanddelen vervat in de te betalen termijnbedragen. Deze activa worden afgeschreven tegen hetzelfde percentage als dat toegepast op activa van dezelfde aard waarvoor geen leasingcontract bestaat. Wanneer op het einde van het leasingcontract de koopoptie niet wordt gelicht, wordt het saldo van het geactiveerd kapitaalbestanddeel onmiddellijk in het resultaat van het boekjaar genomen. Wanneer de koopoptie wel wordt gelicht wordt het bedrag opgenomen onder de rubriek van de activa waartoe zij behoort en afgeschreven volgens het percentage dat voor deze rubriek van toepassing is. Activa in aanbouw worden gewaardeerd tegen de nominale waarde van de reeds gedane kosten. Voor interne werken worden enkel de directe kosten in aanmerking genomen. Na voltooiing van deze activa worden ze overgeboekt naar de betreffende activapost. Op activa in aanbouw worden geen afschrijvingen geboekt. De vooruitbetalingen op vaste activa omvatten de reeds betaalde voorschotten op geplande investeringen. Op deze vooruitbetalingen worden evenmin afschrijvingen toegepast. De onderneming heeft als politiek geen herwaarderingen uit te voeren. FINANCIELE VASTE ACTIVA Deelnemingen in verbonden ondernemingen en in ondernemingen waarmee een deelnemingsverhouding bestaat worden gewaardeerd aan aanschaffingsprijs. De bijkomende kosten worden onmiddellijk ten laste van het resultaat genomen. Waardeverminderingen worden geboekt en ten laste van het resultaat genomen na beslissing door de Raad van Bestuur waarbij rekening wordt gehouden met het eigen vermogen, de rentabiliteit en de toekomstverwachtingen van de betrokken vennootschap en de wisselkoersevolutie. Terugnemingen van waardeverminderingen worden geboekt en in het resultaat opgenomen wanneer de evolutie van de betrokken vennootschap dit rechtvaardigt. Voor andere deelnemingen en vorderingen worden dezelfde regels toegepast. De onderneming heeft als politiek geen herwaarderingen uit te voeren. VOORRADEN EN BESTELLINGEN IN UITVOERING Grondstoffen, aangekochte artikelen, halffabrikaten, eindfabricaten en bestellingen in uitvoering worden gewaardeerd volgens de FIFO methode. Verouderde en traag roterende voorraden worden systematisch afgewaardeerd. VORDERINGEN De vorderingen worden geboekt aan nominale waarde eventueel omgerekend aan de dagkoers voor wat de vreemde valuta betreft. Waardeverminderingen worden geboekt indien er onzekerheid bestaat over de inbaarheid van de vordering en na vergelijking met de realisatiewaarde. De aangelegde waardeverminderingen word aangewend of 41/46

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C 7

VALUATION RULES teruggenomen op het ogenblik van de realisatie van de vordering. GELDBELEGGINGEN De geldbeleggingen bestaande uit vorderingen in termijnrekeningen, worden gewaardeerd aan nominale waarde. Indien vereist worden hierop waardeverminderingen geboekt. De roerende waarden aangekocht als geldbelegging worden geboekt tegen aankoopwaarde met uitsluiting van de aankoopkosten die onmiddellijk ten laste van de resultatenrekening worden genomen. De waardering op het einde van het boekjaar wordt vastgelegd door vergelijking van de aanschaffingswaarde met de laatst gekende notering of inventariswaarde. Wanneer deze waarde lager is dan de aanschaffingswaarde worden waardeverminderingen geboekt. Wanneer eigen aandelen worden ingkocht, wordt op het passief van de balans een reserve aangelegd even groot als de waarde van de ingekochte aandelen. Bij vervreemding of inruiling van de eigen aandelen worden deze gewaardeerd aan de gemiddelde inkoopprijs van de aandelen. Op de eigen aandelen worden geen waardecorrecties toegepast. OVERLOPENDE REKENINGEN De tijdens het boekjaar of vorige boekjaaren gemaakte lasten die behoren tot één of meerdere latere boekjaren, worden prorata gewaardeerd tegen het bedrag dat betrekking heeft op latere boekjaren. De gedeelten van opbrengsten waarvan de inning pas plaats zal vinden tijdens één of meer komende boekjaren, worden gewaardeerd tegen het bedrag dat betrekking heeft op het lopende boekjaar. PASSIVA ======= KAPITAALSUBSIDIES De kapitaalsubsidies worden op het passief van de balans geboekt t.o.v. een vordering op de overheid op het moment dat aan alle voorwaarden tot het verkrijgen van de subsidies voldaan is. Die vordering wordt aangezuiverd bij effectieve uitbetaling van de subsidie door de overheid. De kapitaalsubsidies worden in resultaat genomen volgens het afschrijvingsritme van de activa waarop ze betrekking hebben. VOORZIENINGEN VOOR RISICO'S EN KOSTEN Voorzieningen voor risoco's en kosten worden aangelegd op de balansdatum op basis van een voorzichtige beoordeling van de te verwachten eventuele lasten en kosten. Voor technische waarborgen wordt een voorziening gevormd op basis van de gerealiseerde omzet. SCHULDEN De schulden worden gewaardeerd aan de nominale waarde. De fiscale en sociale voorzieningen worden vastgesteld door evaluatie van de meest waarschijnlijke schuld. Het bedrag van de voorziening voor vakantiegeld wordt vastgesteld overeenkomstig de fiscale schikkingen ter zake. OVERLOPENDE REKENINGEN De toe te rekenen kosten en de over te dragen opbrengsten worden gewaardeerd tegen de bedragen die respectievelijk betrekking hebben op het afgesloten of op komende boekjaren. VREEMDE VALUTA Voor de balansposten in vreemde valuta andere dan deelnemingen, wordt de geboekte waarde in EURO, valuta per valuta, vergeleken met de indekkingskoers of met de indicatieve koers berekend door de Nationale Bank van België op de laatste werkdag van het boekjaar op de Beurs van Brussel. Het saldo van de omrekeningsverschillen per muntsoort wordt bij een negatief verschil in resultaat genomen en bij een positief verschil in de overlopende rekeningen op het passief geboekt.

42/46

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C 8

MANAGEMENT REPORT

JAARVERSLAG VAN DE RAAD VAN BESTUUR AAN DE JAARVERGADERING DER AANDEELHOUDERS VAN 24 APRIL 2008 Overeenkomstig de bepalingen van de vennootschapswet hebben wij de eer u hierbij verslag uit te brengen over het voorbije boekjaar en u de jaarrekening voor te leggen van het op 31 december 2007 afgesloten boekjaar. Barco nv heeft in 2007 een negatief resultaat geboekt van 18.087 duizend euro, tegenover een negatief resultaat van 8.783 duizend euro in 2006. Het bedrijfsresultaat daalde van 9.830 duizend euro in 2006 tot 7.708 duizend euro in 2007. Dit was ondanks de stijging van de omzet, van 474.300 duizend euro in 2006 naar 500.936 duizend euro in 2007. Deze stijging deed zich voor in de divisie Media & Entertainment. Bij de bedrijfskosten is er een stijging van het verbruik van handelsgoederen, gronden hulpstoffen van 286.307 duizend euro naar 350.802 duizend euro. Deze stijging is het gevolg van volgende factoren : - de gestegen omzet; - de toename van de voorraad goederen in bewerking en gereed product, - een lagere procentuele marge ten gevolge van de daling van de USD; - een lagere procentuele marge ten gevolge van de gewijzigde productmix; - materieel dat in 2006 nog intern geproduceerd werd in de Electronic Manufacturing divisie en de Prints divisie, wordt vanaf 2007 extern aangekocht. De personeelskosten daalden omwille van de verkoop per 31 december 2006 van de Electronic Manufacturing activiteit en de Prints activiteit. Het financieel resultaat is echter gedaald : -24.180 duizend euro in 2007 versus -13.633 duizend euro in 2006. Enerzijds waren de kosten van schulden hoger in 2007 in vergelijking met 2006, anderzijds waren de andere financiële resultaten, voornamelijk wisselkoersresultaten negatief. Het uitzonderlijk resultaat is in 2007 negatief voor een bedrag van 1.433 duizend euro, terwijl in 2006 een negatief bedrag van 1.073 euro geboekt werd. De belastingkost is beperkt gelet op de verliessituatie en de aanwezigheid van fiscaal overdraagbare verliezen. De vergoedingen verstrekt aan de commissaris voor bijzondere opdrachten en aan de personen met wie de commissaris beroepshalve in samenwerkingverband staat, bedragen over het afgelopen boekjaar 65 duizend euro. De bezoldigingen aan de commissaris voor bijzondere opdrachten werden toegekend ingevolge wettelijke controlewerkzaamheden bij de uitoefening van warrants. De personen met wie de commissaris beroepshalve in samenwerkingsverband staat, werden bezoldigd in het kader van adviesverlening met betrekking tot fiscale wetgeving. De inspanningen voor onderzoek en ontwikkeling waren ook in 2007 aanzienlijk : er werd voor 42.058 duizend euro aan productontwikkeling geactiveerd. De raad van bestuur is van mening dat de in de balans opgenomen bedragen voor productontwikkeling voldoen aan de criteria om in aanmerking te komen voor de berekening van de uitkeerbare winsten (belangrijk voor het bedrijf, voortdurende vernieuwing, waarschijnlijke bron van toekomstige winsten). Barco wordt geconfronteerd met volgende risico's en onzekerheden. Aangezien de basisactiviteit van Barco bestaat in het commercialiseren van nieuw ontwikkelde technologische producten, houden veel risico's en onzekerheden hiermee verband, zoals : - concurrenten die sneller gelijkwaardige producten ontwikkelen; - het op de markt brengen van nieuwe producten, die onverwachte kwaliteitsrisico's vertegenwoordigen; - concurrenten die producten van Barco copiëren; - mogelijke aanvallen van patenthouders naar Barco inzake eventuele patentinbreuken; - het gebrek aan toegang tot nieuwe technologieën. Andere mogelijke risico's en onzekerheden betreffen : - het wisselrisico, waarbij de kosten grotendeels gemaakt worden in euro, en de verkoop wereldwijd gebeurt; - het uitbreken van wereldwijde catastrofen of epidemieën waardoor het algemeen economisch vertrouwen verdwijnt; - bedrijfsrisico's zoals brand, milieurisico's en ongevallen. In 2007 was er een aanzienlijke terugname van de voorzieningen voor risico's en kosten : enerzijds was er de terugname van een voorziening voor een schadegeval dat in 2006 geprovisioneerd werd, en waarvoor in 2007 de effectieve kost gemaakt werd, anderzijds was er de terugname van een voorziening voor de sanering van een terrein dat in 2007 verkocht werd. De voorzieningen voor risico's en kosten bedragen 17.371 duizend euro per 31 december 2007, versus 23.453 duizend euro per 31 december 2006. Deze voorzieningen betreffen voornamelijk volgende gevallen : - Technische waarborgverplichtingen, waarbij de voorziening enerzijds gebasseerd is op vroegere ervaringen met de kost van herstellingen en vervanging onder waarborg, en anderzijds additionele voorzieningen die worden aangelegd eens een technisch probleem ontdekt is. - Barco maakt gebruik van een vendor lease programma waaraan een terugnameverplichting voor verkochte goederen gekoppeld is in geval van insolvabiliteit van de eindklant. Een voorziening is aangelegd voor dit risico. - Brugpensioenplannen waarbij een voorziening aangelegd wordt op het moment dat Barco zich verbonden heeft de overeenkomst te beëindigen voor de normale pensioenleeftijd. - Voorzieningen voor grote herstellings- en onderhoudswerken. In 2007 werden 30.177 warrants onder de bestaande warrantplannen omgezet in aandelen. Als gevolg hiervan werd het kapitaal verhoogd met 129 duizend euro van 54.039 duizend euro tot 54.168 duizend euro, en steeg het totale aantal uitstaande aandelen van 12.639.578 tot 12.669.755. Alle aandelen zijn volgestort. 43/46

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MANAGEMENT REPORT In 2004 keurde de buitengewone algemene vergadering van aandeelhouders een warrantplan met een looptijd van vijf jaar goed en besliste dat de Raad van Bestuur maximum 400.000 warrants, elk recht gevend op één nieuw aandeel, kon creëren ten voordele van de personeelsleden. In 2007 werden 110.000 warrants toegekend. Op 31 december 2007 bedroeg het aantal nog voor toekenning beschikbare warrants onder dit nieuw warrantplan 147.462. In 2007 verwierf Barco 187.338 eigen aandelen voor een totaal bedrag van 11.368 duizend euro. Aldus verhoogde het aantal eigen aandelen in het bezit van de vennootschap van 522.725 aandelen op 31 december 2006 tot 710.063 op 31 december 2007, met een boekwaarde van 44.628 duizend euro. De inkoop van eigen aandelen gebeurde om mogelijke verwatering door de uitoefening van openstaande warranten tegen te gaan, en voor de eventuele betaling van acquisities. De fractiewaarde per aandeel bedraagt 4,275 € per aandeel, waardoor de fractiewaarde van de ingekochte aandelen 3.036 duizend euro bedraagt. Dit vertegenwoordgt 5,61 % van het maatschappelijk kapitaal. Conform de wettelijke bepalingen werd een onbeschikbare reserve aangelegd ten belope van 44.628 duizend euro. In toepassing van art. 96 van het Wetboek van Vennootschappen, dient de Raad van Bestuur de toepassing van de waarderingsregels in de veronderstelling van continuïteit van de vennootschap te verantwoorden, aangezien het boekjaar in twee opeenvolgende jaren afsloot met verlies. De toepassing van deze waarderingsregels is echter gerechtvaardigd. De bestuurders zijn ervan overtuigd dat op basis van de aanwezige reserves en de operationele vooruitzichten op termijn, de vennootschap erin zal slagen de continuïteit te garanderen. Aan de algemene vergadering van de aandeelhouders stellen we voor het dividend te verhogen tot 2,40 euro per aandeel. Dit leidt tot volgende resultaatbestemming in duizend euro : Te bestemmen winstsaldo 76.337 - te verwerken verlies van het boekjaar : - 18.097 - overgedragen winst van het vorig boekjaar 94.434 Bestemming van de winst - toevoeging aan de onbeschikbare reserves - vergoeding van het kapitaal - over te dragen winst

76.337 11.368 28.556 36.413

Na deze resultaatbestemming bedraagt het eigen vermogen 278.350 duizend euro, hetgeen 28,5 % van het balanstotaal bedraagt. In januari 2008 werd de desinvestering van de Mechanics activiteit afgerond. Hierdoor is de verkoop van de Manufacturing Services divisie afgerond, na de verkoop van de Electronic Manufacturing en van de Prints activiteit per einde 2006. De omzet van de Mechanics activiteit bedroeg in 2007 4.605 duizend euro. Tevens werd in januari 2008 de divisie BarcoVision verkocht aan een vennootschap die momenteel nog deel uitmaakt van de Barco groep. In 2007 bedroeg de omzet van deze divisie 13.267 duizend euro. Op uitzondering van deze gebeurtenissen hebben zich nog geen belangrijke gebeurtenissen na balansdatum voorgedaan. Op uitzondering van de beschreven desinvesteringen zijn er geen omstandigheden die de ontwikkeling van de vennootschap aanmerkelijk kunnen beïnvloeden. Wij stellen u voor de jaarrekening zoals ze u wordt voorgelegd goed te keuren en kwijting te verlenen aan de bestuurders en commissarissen voor de door hen vervulde opdracht gedurende het boekjaar dat werd afgesloten op 31 december 2007. 3 maart 2008 Herman Daems Voorzitter van de Raad van Bestuur

Martin De Prycker Gedelegeerd Bestuurder

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ACCOUNTANT REPORT VERSLAG VAN DE COMMISSARIS AAN DE ALGEMENE VERGADERING DER AANDEELHOUDERS VAN BARCO NV OVER DE JAARREKENING OVER HET BOEKJAAR AFGESLOTEN OP 31 DECEMBER 2007. Overeenkomstig de wettelijke en statutaire bepalingen, brengen wij u verslag uit in het kader van ons mandaat van commissaris. Dit verslag omvat ons oordeel over de jaarrekening evenals de vereiste bijkomende vermeldingen. Verklaring zonder voorbehoud over de jaarrekening. Wij hebben de controle uitgevoerd van de jaarrekening over het boekjaar 2007 afgesloten op 31 december, opgesteld overeenkomstig het in België van toepassing zijnde boekhoudkundig referentiestelsel, met een balanstotaal van € 977.010.572 en waarvan de resultatenrekening afsluit met een verlies van het boekjaar van € 18.097.403. Verantwoordelijkheid van de raad van bestuur voor het opstellen en de getrouwe weergave van de jaarrekening Het opstellen van de jaarrekening valt onder de verantwoordelijkheid van de raad van bestuur. Deze verantwoordelijkheid omvat : het opzetten, implementeren en in stand houden van een interne controle met betrekking tot het opstellen en de getrouwe weergave van de jaarrekening die geen afwijkingen van materieel belang als gevolg van fraude of het maken van fouten bevat; het kiezen en toepassen van geschikte waarderingsregels; en het maken van boekhoudkundige schattingen die onder gegeven omstandigheden redelijk zijn. Verantwoordelijkheid van de commissaris Het is onze verantwoordelijkheid een oordeel over deze jaarrekening tot uitdrukking te brengen op basis van onze controle. Wij hebben onze controle uitgevoerd overeenkomstig de wettelijke bepalingen en volgens de in België geldende controlenormen, zoals uitgevaardigd door het Instituut van de Bedrijfsrevisoren. Deze controlenormen vereisen dat onze controle zo wordt georganiseerd en uitgevoerd dat een redelijke mate van zekerheid wordt verkregen dat de jaarrekening geen afwijkingen van materieel belang bevat. Overeenkomstig deze controlenormen hebben wij controlewerkzaamheden uitgevoerd ter verkrijging van controle informatie over de in de jaarrekening opgenomen bedragen en toelichtingen. De keuze van deze controlewerkzaamheden hangt af van onze beoordeling alsook van onze inschatting van het risico dat de jaarrekening afwijkingen van materieel belang bevat als gevolg van fraude of het maken van fouten. Bij het maken van onze risico-inschatting houden wij rekening met de bestaande interne controle van de vennootschap met betrekking tot het opstellen en de getrouwe weergave van de jaarrekening ten einde in de gegevn omstandigheden de gepaste werkzaamheden te bepalen, maar niet om een oordeel te geven over de effectiviteit van de interne controle van de vennootschap. Wij hebben tevens de gegrondheid van de waarderingsregels , de redelijkheid van de betekenisvolle boekhoudkundige schattingen gemaakt door de vennootschap, alsook de voorstelling van de jaarrekening, als geheel beoordeeld. Ten slotte hebben wij van de raad van bestuur en van de verantwoordelijken van de vennootschap de voor onze controlewerkzaamheden vereiste ophelderingen en inlichtingen verkregen. Wij zijn van mening dat de door ons verkregen controle-informatie een redelijke basis vormt voor het uitbrengen van ons oordeel. Oordeel Naar ons oordeel geeft de jaarrekening afgesloten op 31 december 2007 een getrouw beeld van het vermogen, de financiële toestand en de resultaten van de vennootschap, overeenkomstig het in België van toepassing zijnde boekhoudkundig referentiestelsel. Bijkomende vermeldingen Het opstellen en de inhoud van het jaarverslag, alsook het naleven door de vennootschap van het Wetboek van vennootschappen en van de statuten, vallen onder de verantwoordelijkheid van de raad van bestuur. Het is onze verantwoordelijkheid om in ons verslag de volgende bijkomende vermeldingen op te nemen die niet van aard zijn om de draagwijdte van onze verklaring over de jaarrekening te wijzigen : * Het jaarverslag behandelt de door de wet vereiste inlichtingen en stemt overeen met de jaarrekening. Wij kunnen ons echter niet uitspreken over de beschrijving van de voornaamste risico's en onzekerheden waarmee de vennootschap wordt geconfronteerd, alsook van haar positie, haar voorzienbare evolutie of de aanmerkelijke invloed van bepaalde feiten op haar toekomstige ontwikkeling. Wij kunnen evenwel bevestigen dat de verstrekte gegevens geen onmiskenbare inconsistenties vertonen met de informatie waarover wij beschikken in het kader van ons mandaat. * Onverminderd formele aspecten van ondergeschikt belang, werd de boekhouding gevoerd overeenkomstig de in België van toepassing zijnde wettelijke en bestuursrechtelijke voorschriften. * Wij dienen u geen verrichtingen of beslissingen mede te delen die in overtreding met de statuten of het Wetboek van vennootschappen zijn gedaan of genomen. De verwerking van het resultaat die aan de algemene vergadering wordt voorgesteld, stemt overeen met de wettelijke en statutaire bepalingen.

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ACCOUNTANT REPORT Commissaris Vertegenwoordigd door Marc Van Hoecke Vennoot

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ANNUAL ACCOUNT IN EURO

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