Company Profile
ACANTHE DEV.
Codes and classification
 ISIN  FR0000064602  Mnemo  ACAN  CFI  ESVUFB
 Market  EURONEXT PARIS - Euronext - Local Securities
 Type  Stock - Ordinary stock - Continuous  Compartment C (Small Caps)
ICB sectorial classification
Industry: 8000, Financials
SuperSector: 8600, Real Estate
Sector: 8670, Real Estate Investment Trusts
Subsector: 8671, Industrial & Office REITs
Activity

Acanthe Développement specializes in owning and managing business real estate properties located primarily in the central Paris business district. Leasing revenues break down by type of asset as follows:
- offices (68.5%);
- hotels and suites (16.3%);
- commercial premises (10.3%);
- residences (4.9%).
At the end of 2008, the group's real estate holdings had a total area of 97,775 m2, broken down by type of property into offices (48.5%), hotels and suites (31.2%), commercial premises (17.1%), and residences (3.2%).
Leasing revenues are distributed geographically as follows: Paris (78.3%), Paris region (6.5%), country (11.7%) and Brussels (3.5%).
Source: COFISEM - Last update: 25/02/10
Key figures
Millenium 2008 2007 2006
Revenue* 15,050 14,830 15,628
Operating profit* -92,172 26,645 66,089
Net profit -97,346 23,135 62,934
Shareholder's equity 313,581 430,948 414,368
Total assets 413,049 531,768 521,034
Fiscal year end 12.08 12.07 12.06
Length of fiscal year (months) 12 12 12
Currency & Unit EUR - THOUSANDS EUR - THOUSANDS EUR - THOUSANDS
Account standards IFRS IFRS IFRS
Source: COFISEM -  Last update:  25/02/10
Address Calendars 
Acanthe Développement
2 rue de Bassano
75116 Paris
France
Phone number:+33 (0)1 56 52 45 00
Fax:+33 (0)1 53 23 10 11
http://www.acanthedeveloppement.com
Top management
Chairman and Chief Executive Officer Alain Edgard Louis Duménil
Deputy CEO Philippe Mamez
Chief Financial Officer Florence Souce
Source: COFISEM  - Last update: 25/02/10
Shareholders
Alain Dumenil 60.0 %
Other shareholders 35.0 %
Paris Hôtel Roissy Vaugirard 5.0 %
Source: COFISEM  - Last update: 25/02/10
 

Some explanations on the accounts

Net profit:
The net (after tax) profit for the entire group as a whole. This includes the Group's share of the net profit, as well as the net profit for the minority interests.

IAS-IFRS standard
2005 accounts for companies listed on Eurolist are in the IAS-IFRS accounting standard. Companies listed on a regulated market are under the obligation to publish their 2005 aggregated accounts in the IAS-IFRS standard.

Data in IAS-IFRS standard
In the « Bank » sector, the « Net sales » corresponds to « Revenues » (or « Net sales »)
In the "Insurance" sector, the « Premiums» corresponds to the « Revenues » (or « Net sales »).
In the "Listed property trusts" sector, the « Gross rental income»corresponds to the « Revenues » (or « Net sales »).
In the "Société de Portefeuille" sector, the « Income» corresponds to the « Revenues » (or « Net sales »).

Data in local standard
*Those data are based on the Accounting standards in force in the "Industry" sector, excepted for some anglo-saxon listed companies which use "Operating profit" instead of "Operating income".
In the « Bank » sector, the « Net banking incomes » corresponds to « Revenues » (or « Net sales »).
In the "Insurance" sector, the « Premiums» corresponds to the « Revenues » (or « Net sales »).
In the other sectors with a specific activity, the « Investment revenues» corresponds to the « Revenues » (or « Net sales »), the « Operating income » to the « Operating profit ».