The document summarizes key financial figures for the first half of 2012 for a company, adjusting for changes required by new accounting standards. Revenue was €11.4 billion, adjusted operating cash flow was €1 billion, and operating income was €537 million after adjustments related to new IFRS standards for discontinued operations, joint arrangements, and pension accounting. Gross investments were €944 million and free cash flow was €552 million. Net financial debt was €12.4 billion after adjusting for loans to joint ventures.

1. Key figures as of June 31, 2012
represented

2. Main HY1 2012 figures re-presented for IFRS (4)
In €M
6M ended
June 30, 2012
published
IFRS5
Adjustment(1)
IFRS 10 & 11
Adjustment
IAS 19R
Adjustment
6M ended June
30, 2012
Re-presented
Revenue 14 781 -4 -3 329 11 448
Adjusted operating cash flow 1 384 23 -401 1 006
Operating income 523 47 -202 5 373
Operating income after share of net
income of equity-accounted entities (2)
523 38 -231 5 335
Adjusted operating income (3) 631 15 -232 5 419
Gross investments 1 348 - 404 944
Free Cash Flow 348 - 204 552
Net Financial Debt 14 693 -2 331 12 362
Loans granted to joint ventures - - 3 648 - 3 648
Adjusted Net Financial Debt - - - - 8 714
(1) Morocco Water , “Eaux de Berlin” and Eolfi
(2) Including the re-presented share of net income of joint ventures and associates for the six months ended June 30, 2012
(3) Including the re-presented share of adjusted net income of joint ventures and associates for the six months ended June 30, 2012
(4) Non audited and temporary figures
2