TPF GROUP / ACTIVITY REPORT 2007
CONTENTS
TPF GROUP / ACTIVITY REPORT 2007 page 2
Contents
FOREWORD
3
ORGANIZATION CHART
9
HIGHLIGHTS FOR THE SUBSIDIARIES
11
Belgium TPF Engineering
12
B.E. Hubert Louis
20
TPF-Basse Sambre
22
TPF-Utilities
24
France Beterem
26
Portugal TPF Planege
30
Spain Econoler Spain
34
Romania TPF Romania
35
Poland E&L Architects
36
India S.N. Bhobe & Associates Pvt. Ltd
38
Power generation
40
Public-private partnership
41
PRESENTATION OF THE ACCOUNTS
43
Consolidated balance sheet
44
Consolidated profit and loss account
46
page 3 TPF GROUP / ACTIVITY REPORT 2007
FOREWORD
2007 will remain a good year for the TPF group.
From F Fr rom the ro th he ou o outset utset we ut we should sh ho h ou d say sa that t the he e TPF T PF group g up p has been able realise operating profit equal le to re ea ea allise ise an no atting p r fii e qua ual ye y ea e a arr even ev e ven though tth ho ou ug gh h 2006 20 0 6 to that of the previous year proved to be the group’s most most osst st fruitful fru uitf itfful year since its creation. This provides evidence en n of TPF’s basic good health. The net return (Group share) for 2007 is lower than that of 2006 because TPF had run exceptional operations well during that year but which did not recur in 2007. The annual turnover dropped from 86 MEUR in 2006 to 74 MEUR for the current year. This situation is largely linked to a greater care in the choice of turnkey projects.
FOREWORD
For the special features of 2007, we should turn to four indicators in particular: ■ Continuing to forge ahead, the company has increased its activities in the engineering sector even more. These efforts have resulted in a strong increase in the annual group turnover, and a clear improvement in profitability. ■ In the “Utilities” field, combining the Water and Energy activities, the growth observed over the last few years has been largely confirmed, both by the returns received and by the projects completed. ■ In the Energy Production sector, our cogeneration power plants, as in a lot of other countries, have had to face serious additional costs caused by the strong increase in the price of gas. ■ For the turnkey sector, the annual turnover has dropped because, as we have stated above, of a stricter policy in the choice of projects.
We now turn to TPF’s opportunities from an international point of view. Wanting to develop its establishments, TPF has widely extended its area of operation on the African continent. So the decision was made to create a subsidiary in Algeria, an agency has been set up in Luanda to extend our influence in Angola, and a large project to install a wind farm in Kenya has been agreed. Closer to home, in mainland France TPF’s sphere of influence has been considerably widened by the purchase of the SECMO engineering company in Marseille, particularly renowned for its know-how. We finish this brief overview by congratulating TPF’s performance regarding jobs. It is encouraging. The European ranking given by the “STD Svensk Teknik och Design”, the Swedish federation of consultant engineers and architects, the authority on the subject, placed TPF in 86th position for 2006. In the space of one year, the number of the workforce rose by around a hundred to reach the figure of 750 units at the end of 2006. In a general climate which is however unfavourable to employment, this gratifying distinction has not been made widely known. And what is more, the number of employees rose to 770 at the end of 2007.
TPF GROUP / ACTIVITY REPORT 2007 page 4
FOREWORD
page 5 TPF GROUP / ACTIVITY REPORT 2007
We shall now take a look at the main highlights marking 2007 for the TPF group.
Belgium B Be elgi giiu um um TPF Engineering Overall, 2007 showed an excellent performance rm manc an nc ce for ce for the engineering eng activity, Civ l Engineering, E in which groups together the Structural & Civil Technical Utilities ou The figure for the orders and Building Divisions, as well as the B.E. Hubert Louis. l It represents the equivalent recorded for the first half of 2007 reached record levels. of one year’s annual turnover. On the other hand, this figure could not unfortunately be repeated for the second half of 2007 and TPF Engineering found it difficult to absorb such a growth. Within the subsidiary, three sectors in particular bore up well: exports, the Belgian private industrial sector and the construction of office and industrial buildings, more precisely in the Grand Duchy of Luxembourg. Exports have grown thanks to the drawing up of several operational plans, sometimes in cooperation with some of our subsidiaries, more particularly in India. Finally, efforts made in recruitment in 2007 should be maintained in 2008 despite the problems in the Belgian job market. All these indicators augur well for 2008.
TPF-Utilities Within TPF-Utilities, the strategy for consolidating the activities in the water and energy fields has not failed. Far from it. This policy has been rewarded by the signing of an important contract for the installation of wind turbine installations in Kenya… a brand new symbol for TPF’s future in new horizons… In addition, the emphasis placed on strengthening productivity has led to a noticeable improvement in the financial results. At the same time, both in Belgium and in France, in Poland, Algeria, the Democratic Republic of Congo and in Romania, commercial efforts have been substantially intensified. Also in Romania, a contract relating to the studies for drinking water pipes has been concluded with the Georgiu town council.
FOREWORD
B.E. Hubert Louis For this subsidiary based in Liège, 2007 was an excellent year from start to finish. And how! Annual turnover increased by 26 %. This good fortune does not look like drying up, proved by the good performance of the order book at the end of 2007. So this engineering firm finds itself in an excellent position for tackling 2008.
TPF-Basse Sambre Activity here has dropped as the choice of projects has been made with a great deal more care. In addition, this year TPF-Basse Sambre has been able to finally complete a project which has been generating losses for some time. Fortunately these losses have been accounted for in the results relating to the years previous to 2007.
France The year was fruitful. Beterem can take pride in a strong increase in its annual turnover which has increased from 15,500,000 EUR in 2006 to 19,978,000 EUR in 2007. In the same period, net profitability has reached a record level, representing 7.93% of the Group annual turnover. These two results are worth highlighting because they have come about despite strong competition and despite the difficulty in recruiting suitable staff. In addition, TPF has carried out an excellent transaction in acquiring a 100 % stake in the SECMO company. This engineering firm, based in Marseille, specialises in producing working plans for structures. Thanks to the entrance of this efficient partner, Beterem has been able to widen the scope of its services range. The end of 2007 saw the retirement of Mr André Facundo, the long-time director of Beterem. We would very much like to congratulate him here for the boost he has given to the company and the remarkable work he has done throughout the years. His successor, Mr Frédéric Lassale, took over the reins at the start of 2008.
Poland For the subsidiary E&L Architects, 2007 was an excellent year: there was a satisfactory net increase in profitability of 17% on the annual turnover, which increased from 1.5 MEUR in 2006 to 3 MEUR in 2007. This very favourable change is down to two factors: the conclusion of new contracts in the property sector and penetration into the public infrastructures sector by obtaining, in cooperation with our Portuguese engineering firm TPF Planege, two contracts of great importance. The first relates to the construction of a motorway section on the Warsaw ring road and the second relates to the first phase modernisation of the Warszawa – Gydnia section of the E65 railway line.
Portugal Despite a global gloomy economic situation, TPF Planege can take pride in having been able to maintain an excellent profitability threshold. To achieve this, it has been able to adapt itself remarkably to the demand whilst diversifying its field of operation. So the specific Project Management sector, which represented 80% of turnover in 2005, now only reaches 40%. Very fortunately, the company has succeeded
TPF GROUP / ACTIVITY REPORT 2007 page 6
FOREWORD
page 7 TPF GROUP / ACTIVITY REPORT 2007
in compensating for this deficit by increasing its overall annual turnover and by the progress in its activities abroad, in particular in Angola, Algeria and Poland. So a subsidiary will be created in Algeria at the beginning of 2008 and an agency has been set up in Angola. Finally, in Portugal, appreciable profits have been made thanks to efforts made specifically in two directions: increased focus on targeted studies and on turnkey projects. Continuing these strategies in 2008 should allow us to maintain, not to say consolidate, these good results.
Romania TPF Romania is the only company in the engineering g sector s o to t have ha e suffered su a sss in i 2007. This h situation can be explained by y the th decrease in activity c ivity ty and by loss eu ab bility of certain projects. In order to to curb c iss trend,, in i the th he summer s the unprofitability this 20 007 it wa w ass de d e c id o make changes ge at management ge an nag na ag ment llevel.. The Th beneficial cia off 2007 was decided to ff cts were were w re practically pra pr ac a ctiic ca a immediate. m By continuing co ng in in this th direction, re ec ctti effects By the company hou u ld break brea b e even in i 2008. 0 should
India d Spectacular growth has marked the co course ours o u rse of 20 2007 07 ffor or o ou our u r ssubsidiary ub bsid diia d a S.N. g rap phy y and an nd sector, se ector, as well we l as relating Bhobe in three directions: in terms of geography to outsourcing. Bhob has B ha opened two new agencies: ha So, continuing its territorial expansion, S.N. Bhobe n in the north in New Delhi and in the east in Bhubaneshwar (capital of the State of Orissa). In terms of sector, 2007 saw the creation of a new department devoted to rail infrastructures and whose setting up has required the recruitment of highly specialised staff. Regarding outsourcing, TPF Engineering, in association with S.N. Bhobe, is running substantial projects, in particular in the Persian Gulf on behalf of Besix. It goes without saying that 18 months after our entrance onto the Indian market, we can show a balance sheet which is in the black. The strong rise in turnover and the increase in the workforce which should reach 185 units in 2008 is proof of this. In addition, despite the considerable investment needed by this, S.N. Bhobe has succeeded in maintaining profitability on turnover. In absolute value, this feat shows strong growth, which will make 2008 a promising year.
Spain Firstly we shall look at the Bioenergetica company set up in Cabra in the Cordoba region. A pioneer in its field, it was the first biomass unit to be developed on a large scale for the purpose of producing heat and electricity from waste from the manufacture of olive oil. The first results proved to be positive, and so we can be pleased with this initiative which was started 18 months ago. In addition, as you know, the purchase price of gas has risen strongly in 2007. This situation has led to a drop in profitability of our cogenerating plants, more particularly the ones at Gensabon and Sabondel. 2008 will again be difficult but less so than the previous year due to the limited size of the losses, so because of this TPF has decided to transfer Sabondel in 2008 and Gensabon in 2009. As for our third cogenerating plant, Numaco, this has already been transferred at the end of 2007.
FOREWORD
TPF GROUP / ACTIVITY REPORT 2007 page 8
On reading this, you will understand that despite a gloomy economic situation, TPF holds all the aces for tackling 2008 with confidence and optimism. Let us leaf through our projects schedule and stop at the engineering and consultancy section. The order books hold significant orders putting the spotlight on Belgium, France, Poland and India. In Portugal, despite a dismal economic situation, thanks to our export activities, the maintenance of our annual turnover is assured. A wonderful success is emerging for our subsidiary TPF Planege. A consultancy contract with a value of 27 MEUR, the largest ever signed by the group, has just been concluded in consortium with the Getsina (Spain) and Saeti (Algeria) engineering firms. It concerns Algeria and relates to the construction of a 170 km long high-speed railway line linking Oued – Tlelat with Tlemcen. Finally, in Romania, the recent changes carried out at management level have already borne fruit: a clear improvement in activity and convincing results could be seen at the end of the year.
We now turn to the turnkey sector, energy production and water treatment plant operation. These have continued their growth, but there is a slight damper on turnkey activities where caution is appropriate. Regarding energy, at the beginning of 2008 we witnessed a major event: the creation of TTR Energy. The purpose of this company is to realise investments in renewable energies. It has been made up in equal parts with the Transcor company, a subsidiary of CNP (Compagnie Nationale à Portefeuille), a listed investment company. The first assignment for this company is that of Investment Manager for the “Degroof Green Fund”, set up in cooperation with the Banque Degroof and whose objective is to take part in wind turbine and hydro-electricity projects, as well as electricity produced from biomass. The countries concerned are France, Spain, Portugal, the Grand Duchy of Luxembourg and Belgium. We cannot finish this introduction without discharging our duty. We would like to thank all the members of staff of the group for the work they have done. TPF’s success is also their success. They strengthen us in our will to forge ahead, because we know we can count on their professionalism, their entrepreneurial ability and their enthusiasm.
Thomas Spitaels Chief Executive Officer
Christophe Gilain Managing Director
ORGANIZATION CHART
page 9 TPF GROUP / ACTIVITY REPORT 2007
Simplified organization chart of the TPF group
100 % Engineering
100 % Realization - Operation in the water and energy sectors
100 %
TPF Engineering
91,5 %
TPF-Utilities
100 %
B.E. Hubert Louis
91,5 %
TPF-Econoler
20 %
Triage-Lavoir du Centre
100 %
Socageth
75 %
Ide Immo
100 %
TPF-Basse Sambre
83 %
Beterem IngĂŠnierie
51 %
E.S.O.
83 %
Beterem RAC
91,5 %
TPF-Utilities
83 %
Beterem SI
83 %
Beterem Maintenance
83 %
SECMO
70,5 %
Econoler
70 %
Gensabon
63 %
Sabondel
35 %
Mesogen
31,5 %
Bioenergetica Egabrense
BELGIUM
FRANCE
SPAIN
PORTUGAL
94,4 %
TPF Planege
GRAND-DUCHY OF LUXEMBOURG
66 %
TPF International
POLAND
100 %
E&L Architects
ROMANIA
86 %
TPF Romania
INDIA
49 %
S.N. Bhobe & Associates Pvt. Ltd
ORGANIZATION CHART
TPF GROUP / ACTIVITY REPORT 2007 page 10
Composition of the Group Executive Committee
From the left to the right : Jorge Nandin de Carvalho
Member of the Group Executive Committee
Atul Bhobe
Member of the Group Executive Committee
Thomas Spitaels
Chief Executive Officer
Christophe Gilain
Managing Director
Marc Capelle
Member of the Group Executive Committee
Frédéric Lassale
Member of the Group Executive Committee
HIGHLIGHTS FOR THE SUBSIDIARIES
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 12
TPF ENGINEERING The Engineering sector has continued its successful growth, due to the longstanding expertise of its three divisions: Structural & Civil Engineering, Technical Utilities and Building.
STRUCTURAL & CIVIL ENGINEERING DIVISION In 2007, this division has been able to diversify its experience in imposing building projects and in major infrastructure works relating to the treatment of wastewater.
LAW COURTS Liège
MÉDIACITÉ Liège
FINANCE TOWER Brussels Design by Ron Arad – Developer Wilhelm & Co
FERRARI EXPERIENCE Abu Dhabi
OFFICIAL RESIDENCE OF THE PRESIDENT OF THE REPUBLIC OF AZERBAIJAN Bakou
BELGIUM
page 13 TPF GROUP / ACTIVITY REPORT 2007
In Belgium, Be the drop rop in investments iinves recorded orded rded in the office buil building segment egment has been en able ab to be strongly sstro rongly compensated comp for by the increase ncrease in investments in n the re residential res lb building sector. sec On the Asian an cont continent, ent, the year 2007 saw the start tar of a productive cooperation operatio with our Indian ndia partner, S.N. Bhobe Bho Ltd. On O n an international level, TPF Engine En Engineering ee has strengthened its activities by winning new contracts racts for fo carrying out studies on large building complexes, in particular, in the Republic of Azerbaijan and in the United Arab Emirates.
Amongst the major projects currently being completed, we should especially mention:
LAW COURTS IN LIEGE (STATE BUILDING DEPARTMENT)
As part of the construction of the new Law Courts, the stability studies and supervision of the building work (on behalf of the EPJL temporary partnership) were actively carried out: thus building F, which overhangs the tracks of the Liège - Palais railway station, was completed at the end of 2007. This imposing architectural complex comprises six units spread out over two large blocks for a surface area of 40,000 m2. It will be adjacent to the Palais des Princes-Évêques and so will be standing next to the most prestigious historic edifice in the city.
MÉDIACITÉ - LIÈGE
It was in August 2007, on the former Longdoz site in Liège, that work started on this huge project, based around three sectors of activities in which shops, a cinema and leisure facilities would be grouped together. The end of 2007 saw the completion of three underground parking levels, with a total capacity of 2350 parking spaces. As for the external heavy construction work of the centre, this will be completed in March 2008, with the renovation of the former Longdoz shopping arcade starting in February 2008.
TPF Engineering neer eering has been n given give the additional al assignment assign of supervision n and coordination on of the th glass ass roof roo ro oof and facade facades, which will constitute tute a remarkable remarka complex. plex.. And A with good reason: n: it has been designed by the famous fam London architect and designer, sign Ron Arad. d
FINANCE TOWER - BRUSSELS
Benefiting from the expertise of its Structural ral & Tec Technical Utilities divisions, TPF Engineering took part, on behalf of the Financietoren NV, in the renovation work of the tower, which will soon be renamed the “Finance Tower”. With its huge surface area of 200,000 m2, this building is the largest office complex in the country. The work, started in 2006, will be completed in April 2008. During November 2007, the new transmission mast and relay erected for the Belgian radio and television companies, the Vlaamse Radio en Televisieomroep (VRT) and the Radio-Télévision Belge de la Communauté Française (RTBF), were opened. TPF Engineering also took part in the construction of a new office building located on the Rue Royale, called the Door Building. This new location provides 18,000m2 of offices spread over a ground floor and 10 upper storeys. Amongst others, it will be home for the new head office of the AFSCA, the Belgian federal organisation for food safety standards.
FERRARI “EXPERIENCE” ABU DHABI (UNITED ARAB EMIRATES)
The future Ferrari theme park will extend over more than 200,000 m2 on an island close to the city of Abu Dhabi. This grandiose project, which opens in 2009, will provide, in addition to 24 attractions linked to the Ferrari company, a driving school and several circuits. One of the attractive features of the complex will unquestionably be the Dubai Formula 1 circuit, the opening of which is scheduled for October 2009. Besix, a civil engineering company known throughout the world, awarded TPF the assignment of drawing up the foundation plans for the theme park. These were drawn up in partnership with our Indian subsidiary, S.N. Bhobe & Associates Ltd.
BELGIUM
OFFICIAL RESIDENCE OF THE PRESIDENT OF THE REPUBLIC OF AZERBAIJAN (BAKOU)
During 2007, TPF PF Engineering En ering was w awarded warde the design desi of the stability plans fo for this his prestigious prestigious building. With a total t surface area of 17,000m 0m 2, it ccomprises a huge area laid out ut into basements, a ground und floor o and two wo u upper storeys. Due to o th the high seismicity o th of the region inherent to its geographical al location, lo TPF had the o opportunity to apply the standards standar ards decreed deccre by Russia for withsstanding earth tremors ors for the fi firs rst tim time.
At the same time in 2007, TPF was awarded several important orders such as:
PALAIS DES CONGRÈS - BRUSSELS
As part of the renovation of this building, constructed for the 1958 World Fair, the CFE-Besix-Jacques Delens companies were awarded the heavy building work. TPF Engineering were appointed firstly to draw up the stability plans for the building called “Coudenberg”, comprising modular conference rooms and office spaces, and secondly, for the plans for the Donation Royale building, providing office and archiving areas. At the end of the renovation work, the Palais des Congrès will change its name to become the “Centre de Rencontre International de Belgique”.
GREATER NAMUR REGION SANITATION
As for civil engineering, a new contract has been concluded with the group of companies carrying out the Greater Namur Region sanitation, managed by Bageci. This project consists of the improvement and construction of thirty-five vortexes, two pumping stations, ten lifting stations, five storm drains, a grit chamber, a depressed sewer under the river Sambre and one hundred and eighteen deviation chambers. 2007 saw the start of the civil engineering design for three works on the Orjo, Wasseige and Pont de Jambes sites. These large-scale works, carried out for the national water management company, will be completed in three years.
TPF GROUP / ACTIVITY REPORT 2007 page 14
REST HOME - UCCLE
The stability bility studies forr the construction construc n of a new rest home were awarded warded to us by the Batipont Ba ont nt Immobilier Imm r (BPI) (BPI compan company. This new ew project forms part of tthe e cons construction of housing usin at the Rue ue E. Van Ophem hem in Uc Uccle. The complex omplex ex provi provides a baseme basement car park, a ground und floor and 5 upper per er storeys, st three of which will have 121 roo rooms and the other her two wo for 28 serviced flats. This building, build ilding, a mixed type, will also provide shop spaces and communal unal al areas. area a Handover is scheduled for 2009.
DELHAIZE SA - BRUSSELS
TPF Engineering was awarded a two-year framework partnership contract by the Groupe Delhaize, the market leader in large-scale distribution in Belgium. This relates to the stability studies on new supermarkets and convenience stores, as well as carrying out audits relating to the stability of existing supermarkets and stores. As part of this, during 2007, 23 supermarkets and 4 City Delhaize were the subject of an audit.
BRUXELLES-PROPRETÉ
As part of the management of its various sites, the Agence Bruxelles-Propreté awarded several stability study assignments to TPF Engineering. They are mainly to do with surveys relating to the removal of oil tanks buried in four sites in Brussels. It is imperative that, for the whole duration of the work, the stability of the soils and the steadiness of the road surfaces are maintained. At the Vilvorde site, the banks along the river Senne and the administrative building of the Agence Bruxelles-Propreté will be the subject of stability studies linked to the entering and exiting of the agency’s trucks.
BELGIUM
page 15 TPF GROUP / ACTIVITY REPORT 2007
PALAIS DES CONGRÈS Brussels © A.2R.C
REST HOME Uccle
TRANSMISSION MAST AND RELAY FINANCE TOWER Brussels
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 16
TECHNICAL UTILITIES DIVISION 2007 was marked by a sizeable growth in activity in the Grand Duchy of Luxembourg. It has been made tangible by the signing of five contracts relating to the construction of buildings with a total surface area of more than 126,000m2. The first four relate to office building projects: a framework partnership contract for the European Investment Bank and three projects called “West Side Village”, “Royal Monterey” and “Immo Foire”. The fifth, called “Cactus”, concerns the construction of an industrial and commercial complex.
TOUR DU MIDI Brussels
RTL HOUSE Brussels
MONTOYER 51 Brussels
WEST SIDE VILLAGE Mamer
ARTEVELDE HOUSING PROJECT Gand
BELGIUM
page 17 TPF GROUP / ACTIVITY REPORT 2007
During the financial year, several substantial construction sites have successfully been delivered, others are in the course of being completed. Amongst the completed work, we should mention:
ROYAL MONTEREY - LUXEMBOURG
Th The he property prope developer elo Immo Charlotte otte (Dexia) (D awarded TPF Engineering E i ering i all the technical cal studies stu for f this th prestigious stigiou office building located ocated d in the centre ce e of the city of Luxembourg. rg. The building will extend over ver 9 storeys ab above bove g ground and 6 underground ergrou levels. vels.
LA TOUR DU MIDI - BRUSSELS
TPF PF Engineering ran the largest est asbestos asb s removal remo site for an a office building ever carried d outt in n Belgium. Belg This Th imposing 3 36-storey tower totalling som some me 60,0 60,000 0 m2, was able to be renovated eno within a record deadline eadline off 52 months despite the factt th that the premises remained mained fully occupied. ed
RTL-TVI - BRUSSELS
2007 saw the opening of RTL House, home of the new offices and new studios for RTL-TVI, extending over a total surface area of 30,000 m2. With its radio and television studios, one of which has a capacity to hold an audience of more than 300, RTL House now provides equipment which is counted amongst the most modern in Europe.
WEST SIDE VILLAGE - MAMER (GRAND DUCHY OF LUXEMBOURG)
Here TPF Engineering carried out the technical utilities studies and supervision as part of the construction project of a high-tech office complex. This complex will spread over a constructed surface area to the order of 23,000 m2 and an underground surface area of around 30,000 m2. The integration of a cogenerating plant and an NH3 cooling plant is planned. The whole of the project should be completed during 2009.
Amongst the orders collected in 2007 are:
Other orders perfectly illustrate the complementarity of our divisions. Amongst them, we should mention the major ones:
MONTOYER 51 - BRUSSELS
The Montoy Montoyer nto 51 Leasehold companyy ha has appointed pp ted TPF Engineering ing to carry c ry out the structural and technical techni hnical u utilities studies as part of the renovation project of the Montoye Montoyer 51 building. Located at the corner of the Rue de Bourgogne and the Rue de Montoyer, in the heart of the administrative centre of Brussels, this office building built at the beginning of the 1980s has 3 levels underground (one level used for offices and two levels for car parking) and 8 floors of offices above ground, the whole complex totalling a surface area of 18,000 m2. This building required heavy renovation involving in particular the demolition of the balustrades and fitting a new façade, the reconstruction of the 7th floor, the construction of a new floor in the roof and finally the conversion of the entrance hall over two floors so as to create a lobby (extension of the patio on level -1 and replacement of the technical installations.
RTBF REYERS SITE - BRUSSELS
Forming part of the building redeployment of RTBF’s various sites to the French Community, this huge project is aimed at the restructuring, reconstruction and renovation of the existing properties. It has been awarded jointly to TPF Engineering and Archi 2000. All of the structural and technical utilities studies, as well as supervision of the work, have been awarded to TPF Engineering.
BELGOCONTROL (HOLD CANAC) - ZAVENTEM
Strengthened by the experience acquired through construction projects for the new control tower, the administration centre and the air traffic control training centre, TPF established itself in continuing its cooperation with Belgocontrol. In addition, the company concluded a new contract for all the technical studies carried out as part of the conversion of the former air traffic control room, as well as for various developments in the southern area of the airport.
ARTEVELDE HOUSING PROJECT - GAND
This residential project, made up of a ground floor and 5 upper storeys will house 91 apartments and will provide 87 parking spaces in the basement. The Granit Artevelde company has appointed TPF Engineering to carry out the structural and technical utilities studies.
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 18
BUILDING DIVISION The Building activity can boast a good year for 2007. It has mainly been concerned with projects in the agro-industry field in which this subsidiary has forged a specialisation that it has been able to sharpen over time. Whether carrying out industrial projects, certification audits or drawing up applications for environmental licences, each of these activities has allowed the company’s know-how to be emphasized.
FOREM - COMPETENCE AND TRAINING CENTRE IN THE AGRO-FOOD INDUSTRY Verviers
Working together with the Arcoteam company, TPF has run several projects: The architectural and technical utilities studies for the “Plant IV” construction project for the Guylian chocolate factory have also been successfully completed. 2007 saw the finalisation of the studies relating to the extension for the Molco-Unipro company, a manufacturer of raw materials for the baking industry. During this financial year, premises with a surface area of 2000 m2 were received on behalf of Forem in Verviers. These premises are to be used for training and teaching purposes in the agroindustrial sector.
Other projects are still in the process of being completed:
2007 saw studies continuing in architecture, interior development, process and technical utilities which were started in 2006 on behalf of the New Mecco Gosset company; they concern the construction of a new production unit for the biopolymers company,
Kitozyme, at Herstal. On the other hand, the construction of the refrigerated warehouse for pharmaceutical products for Fri-Pharma has been delayed following the need for additional studies to be carried out.
In 2007, TPF Engineering has continued its growth in the Grand Duchy of Luxembourg by obtaining new orders:
The Immo-Horizon SARL and Caterman SA companies, members of the Cactus group, have awarded us all studies relating to the construction of the new butchery plant and the cross-docking platform at Mamer-Koerich for Cactus, representing a surface area of 15,000 m2. These same companies have also awarded TPF the studies concerning the extension to the Caterman II ready-meal production unit and the construction of a new bakery-patisserie unit at the Windhof site for a total surface area of 9800 m2. We should also mention the consultancy and project management assignments devolved to our teams as part of the Caterman I and Caterman II projects. Also we should not forget the energy design studies at the Windhof site, relating to the next 15 years.
page 19 TPF GROUP / ACTIVITY REPORT 2007
In Belgium, TPF Engineering is consolidating its presence by being awarded several contracts. They mainly concern surveys relating to the construction and renovation of industrial buildings.
Amongst these, we would like to point out the studies completed for the following g projects: p proj the he conversion con and completion of an additional floor floorr in n th the he facto factory ory sp specialising in the manufacture and distribution tribu n o of Viangross fresh h meat; Haech Haecht Brewery’s new syrup rup production p ctio plant in Moortmeerbeek; Moortm the construction of a Lonhienne e meat cutting plant in i Liège; and the extension to the offi th ffices es and d construction t ti n off ne new analysis l i laboratories l b t i within the Detry Dettry cooked d mea meat production ductio unitt in Aubel. Au We sh should also point p out o the studies relating ating to the conversion of the e ccu cutting plant for the Terbeke-Pluma a compa company any in Wommelgem, Wommelgem the e analysis a relating ting to the renovation of the refrigerating plant p att the Bastogne e Abattoir Abat ; the construction co ction of a new catering c unit for Frianda un and in Grâce-Hollogne; G e-Hol Hollog logne; as wellll as the studies s for the conversion and exte extension off the Colona sauce uce production unit in Waremme. emme
BELGIUM
In another market, that of the environment and hygiene, TPF Engineering has been awarded a number of assignments:
To our great satisfaction, we have once again been consulted by the AIB-Vinçotte (ISA) company to carry out certification audits (BRC and IFS) relating to numerous u e food processing companies. In addition, Lloyd’s Register Register ter has h singled gled out o our know-how as part of the ISO 1400 14001 certifi er cation for or env environmental mental mana management systems. ms. Ou Our ur skills kills acquired aacqu in applications for environmental nviron licences have also b been en called du upon by the ch chocolate t manufacturer cturer Guylian in Sint-Niklaas, iklaas, s, by b the American erican army in Chièvress (in p particular for the construction nstruction ru of a ho hotel otel an and the new construction ructio project oject for a supermarket), rmar market), and by the food foo company Abattan in B Brus Brussels. Finally, as part of the contract act sign signed betwe between etwee een the energy supplier Nuon and TPF Engineer Engineering for the he construction constr con of a 400 mW electric power ower plant in Seneffe effe (CCGT (CC Power Plant), we have e been be awarded the assignments ments iin consu consultancy, drawing up the main plan, the p pilott study, udy, and drawing up the to town planning permission. erm
Fin Fi nally, we would like to mention entio the feasibility sibi study carried out on n behalf of the Gembloux University Univ niversity ty Faculty of Agronomic Sciences relating to the construction uction t of a building for use by the Food Processing and Bio-Industries Technology units.
EXTENSION OF THE DETRY COOKED MEAT PRODUCTION UNIT Aubel
NEW BUTCHERY PLANT AND CROSS-DOCKING PLATFORM FOR CACTUS Mamer-Koerich - Grand-Duchy of Luxembourg
CCGT POWER PLANT PROJECT “FORCE” Seneffe
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 20
BUREAU D’ÉTUDES
HUBERT LOUIS
In 2007, the Liège subsidiary successfully carried out various operations in its favourite fields: civil engineering, topography and infrastructure studies.
C.I.B. Tournai
CONSTRUCTION OF A COVERED CAR PARK Brussels-South Airport
NEW AIRWAYS TERMINAL Brussels-South Airport
EXTENSION OF THE GALÈRE OFFICES Herstal
INTRADEL NEW ENERGY DEVELOPMENT FACTORY Herstal
page 21 TPF GROUP / ACTIVITY REPORT 2007
200 2007 007 saw the completion mplet of o several structural uctural and infrastructure infrastruc studies tudies including:: the extension ex ion tto the t Ga Galère o office, the co construction ion on behalf of Intradel I d of its new energy d developme development factory in Herstal, the improvements imp provem t to t two t floors and the he cconstruction of a crèche for th the Ce Centre Hospitalier de la Citadelle Cita in Liège, the conversion conve of the form former stables into offi fficce areas at CMI’s Château C h Cockerill in Seraing, ng, the construction ruc of offices at the Clinique C linique André Renard in Herstal, Herstal tal, and d finally the installation of a new moveable floor for the Olympic mpic swimming sw pool in Seraing. The infrastructure and structural studies for the new developments on the Charleroi airport site have been finalised on behalf of SOWAER R (the Wallonian airports company). As a reminder, these concern the construction of an aircraft standing area, taxiways and a new covered 4-level 90,000 m2 car park able to hold 5000 parking spaces. The new air terminal will have its official opening in January 2008. The studies to be carried out for the runway extension will start in 2008. Finally, at the same site, the infrastructure and structural studies, started in 2006, are continuing for the creation of a future oil storage depot. Amongst the main projects completed for the MET (Wallonian Ministry of Equipment and Transport) in the road infrastructure sector, we should mention the bypass studies for the towns of Tubize and Jodoigne, as well as the studies for the improvements for the Solvay and Zénobe Gramme boulevards in Liège. 2007 saw the completion of the purification studies for the water E (the intercommunal association and drainage networks for the AIDE for water purification and separation in the towns and villages of the Province of Liège). In the same market, the drainage networks were completely replaced for the SOWAER car park and for the grounds of the Grands Prés site in Mons, on behalf of the AIDE. TPF also put the final touches to an assignment for identifying disused industrial sites for the SPAQUE (the public aid authority
BELGIUM
for the quality ality ty of the environment) nment and the compulsory pullsory p purchase plans for the he CNH (Cerexhe-Heuseux-Be (Cerexhe-Heuseux-Beaufays) he-Heu x-Beau eaufays) moto motorway link in the Province vince of Liège. Remaining ng with construction onstruc site sites, infrastructure and stability st studies have been carried out for the BEP (the Economic om Office of the e Prov Province rov of Namur) as part of the th project p j t fo for the construction ction an and operation of an integrated waste w e management site at Floreffe. These studies also relate to the construction c of the administrative building and the access bridge to the site.
In 2007, we have also seen the arrival of significant orders:
The buildings of the CIB (Belgian property company) at Tournai were the subject of a major conversion. It concerns the creation of office and archiving areas spread over some 18,954 m2. Repairs to the foundations with new facades and the renovation of a 90-space car park are also planned. The consultant engineer assignment has been awarded to the Bureau d’Etudes Hubert Louis. The American federal agency, the American Battle Monuments Commission, responsible for the maintenance of American monuments and cemeteries, has awarded the Bureau d’Etudes Hubert Louis the studies for the internal water networks and drainage systems of the American Neuville-en-Condroz military cemetery in Neupré.
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 22
TPF BASSE SAMBRE During the 2007 financial year, as part of its interior design activity, TPF-Basse Sambre has established, and even consolidated its presence on the major target markets. Its activities have grown in North Africa, the Middle East and in Asia.
INTERMEDIARY PUMPING FACILITIES ON THE MULTIPRODUCTS PIPELINE BETWEEN SKIKDA El Khroub - Algeria
EL KHROUB OUTFLOW TERMINAL Naftal - Algeria
SKIKDA OUTFLOW TERMINAL Naftal - Algeria
TURNKEY CONSTRUCTION OF A CEMENT PLANT (LINE 4) Qatar National Cement
TURNKEY CONSTRUCTION OF A CEMENT PLANT (LINE 4) Qatar National Cement
TURNKEY CONSTRUCTION OF A CEMENT PLANT (LINE 3) Qatar National Cement
BELGIUM
page 23 TPF GROUP / ACTIVITY REPORT 2007
ALGERIA
The execution of numerous contracts has been able to be finalised. Amongst them, we should mention the contract relating to the inspection, repair, sanding and painting of the exterior surfaces of the three LNG (liquid natural gas) storage tanks at the Arzew refinery site. As a reminder, this contract was concluded with the Sonatrach petroleum company, the second largest LNG exporter in the world. As part of the contract signed in partnership with NAFTEC, the Algerian national oil refining company, three automatic lines for filling barrels with 200 litres of fine mineral oil (filling capacity: 3 x 40 barrels per hour) were put into service at the Arzew site. A latest contract is currently being executed for NAFTAL (the national Algerian company for the distribution of petroleum products). This is a contract for the supply of insulated structures of a 125 km pipeline linking the towns of Skikda and Constantine. Amongst other things, the project comprises 1 LPG pumping station (2 x 200 m3 per hour, 85 bars, cryogenic), 2 LPG storage spheres (2 x 2000 m2, 19 bars), LPG networks and anti-fire water networks. The effective completion of the work is planned for the first quarter of 2008.
QATAR
An initial consultant engineering contract concluded in 2003 with the Qatar National Cement Company has come to an end. The contract related to the turnkey construction of a cement plant with a production capacity of 4000 tonnes per day of Portland cement clinkers (line 3).
Following on from this, TPF-Basse Sambre bre has signed a new contract with the Qatar National Cement Company this time relating to the turnkey construction of a cement plant with the production capacity of 5000 tonnes per day of Portland cement clinkers (line 4).
INDIA
A letter of intent was able to be signed for the construction of a glass-making sand processing plant. Negotiations are currently under way. Wanting to strengthen its position even more on the international stage, TPF-Basse Sambre is actively pursuing opportunities in the new markets, especially in China. Recent analysis carried out with a view to assessing the potential of the Chinese workshops relating to the manufacture of industrial equipment has opened up many major negotiations, still currently under way.
BELGIUM
At Virginal, as part of the modernisation of the incineration tools run by the IBW (the Intercommunal of Brabant Wallonia), the co-contractors have had provisional receipt of the new household waste incineration line. In the steel industry, the ArcelorMittal company has passed several orders to TPF-Basse Sambre relating to requests for assistance in the completion of its industrial development programme for the Industeel company. In addition, our subsidiary has been granted the construction of a continual flow water-cooling tower.
BELGIUM
TPF GROUP / ACTIVITY REPORT 2007 page 24
TPF UTILITIES Capable of managing a wide range of trades and professions, the TPF group has a huge panel of experts available who can meet very diverse demands, especially for carrying out and operating projects in the water and energy sectors.
2007 was marked by the completion of several projects in the green energy production and water treatment sectors:
IPALLE-FLUXYS (TURBO-EXPANSION PLANT) MOUSCRON
This T he p erv tu turbo-expander urbo-expander with a capacity of 440 kW kkWe. Two 330 kWe cogenerating units produce e e the calories es needed nee for the expansion of natural gas from 70 to 15 bars, which is made available by Fluxys. The electricity produced (700 kWe net) supplies the adjoining purification plant for the wastewater from the town of Mouscron. It is important to point out that the investment has been made by TPF and that the operation is carried out by the TPF-Utilities teams.
purposes es is an integral part of the project. The energ energy produced by the cogenerating ogenerating unitt will b be consu consumed ed by the fac factory whilst the excess ess energy will be supplied sup d to the th network. work During 2008, Intrinergy, a company compa y base based in the United States St specialising alising in renewable ewable forms fo of energy, is undertaking tak the construction ruction n of the power plant in the Thimister region on (Verviers).
KENGEN (CONSTRUCTION OF A WIND FARM) NAIROBI (KENYA)
To our great satisfaction, we have been asked by the KenGen (Kenya Electricity Generating Company Ltd) to construct a farm of six wind turbines on the Ngong Hills plateau, near Nairobi. It is planned to be put into service in 2010. With an installed power of 5.1mWe, its future annual production is estimated at 14.4gWh.
INTRINERGY LTD USA (BIOMASS SUPPLIED ELECTRICITY POWER PLANT) - VERVIERS
SIDECH (ENERGY/WATER TREATMENT) - TILLY
The design study and selection of the main equipment for the construction of a biomass supplied cogenerating power plant, with an electrical power of 3.5 mWe and a thermic power of 6.5 mWth, has been completed. The construction of a pellet factory (50,000 tonnes per year), used as bio-combustible products for industrial and domestic
SIDECH, a chemical research and operations company and the largest producer of bismuth in the world, wanted us to carry out an energy audit for the whole of its factory. This will be looking into updating the drainage system and the extension of the effluent treatment plant. The follow-up to the construction work is scheduled for 2008-2009.
IPALLE-FLUXYS TURBO-EXPANSION PLANT Mouscron
SIDECH Tilly
CORUS (WATER PRODUCTION) Myriade site in Louvroie - France
BELGIUM
page 25 TPF GROUP / ACTIVITY REPORT 2007
CHIMAC-AGRIPHAR (WATER TREATMENT) - LIÈGE
IDEA (DEODORISATION PLANT) - WASMUEL
The he Chimac-Agriphar riphar pesticides cides factory ry located loca on both bot sides of the Sambre and dM Meuse e rive rivers, ivers, s, called c on the h service services of TPFUtilities with a view vie ew to constructing c t ti a drainage network ne for its whole site in Liège Liège, with all precautions having to ob be taken in order to avoid po polluting the Meuse eus in the case of a production pro accident. It is clear that our know-how has played a major majo part in the awarding off this contract.
A substantial al contract has been een si signed for this th his organisation’s nisatio water purification n plant, with a capacityy of a popu population p equivalentt of 250,000. It relates to the studies stud and drawing up of the specifi pec cations for or the construction ruction work of a chemical deodorisation tio unit.
ARCELORMITTAL SITES
During the 2007 financial year, the steel giant, ArcelorMittal, once again showed its confidence in us by appointing us to carry out a series of operations in its various production centres.
CORUS (WATER PRODUCTION) - MYRIADE SITE IN LOUVROIE (FRANCE)
The current contract with the Corus group was renewed in 2007 for a period of three years. It concerns the delegated management of the cooling circuits and the process water production plants.
So at the Châtelineau site, TPF-Utilities was responsible for setting up a new control-command and supervision system of the watercooling circuits on the band rolling mill. At Châtelet, for the Décaperie de la Praye, an acid effluent neutralisation plant has been designed and put into service, whilst in Liège, TPF-Utilities looked into the cooling installations and the Flat Products unit. Repair and modernisation work, essential for maintaining the production tool and for water treatment, has been carried out there. Our teams carried out the putting into service of the installations.
TPF-Utilities has maintained its strong presence in the Belgian purification plants market by initiating various projects, in particular for the IBW (the Intercommunal for Brabant Wallonia), the INASEP (the Namur Intercommunal for Public Services), and IPALLE (the Western Hainaut Region Intercommunal for Public Sanitation). In Mornimont, studies for the purification plant (with a population equivalent capacity of 45,000) have been carried out in order to be able to proceed with the appointment of the operator during 2008.
In Rosières, the civil engineering works for the purification plant for the Lasne valley (with a population equivalent capacity of 145,000) have started. They will last over three years. The construction work for the purification plants in Ath, Chercq and Louvain-la-Neuve is coming to an end. Their provisional handover will take place in 2008. Finally, TPF-Utilities has carried out a number of studies for the installation of sections of around 20 km of wastewater collection pipes.
FRANCE
TPF GROUP / ACTIVITY REPORT 2007 page 26
We shall now look at the activity of our foreign subsidiaries for the past year.
BETEREM 2007 will remain a key year for the various companies of the Groupe Beterem. In fact, the locations of the company on its various geographical sites have been further emphasised due to a more intensive staff training program and increased integration in sustainable development projects.
RENOVATION OF THE HOTEL “ LE BRISTOL ” Paris
EXTENSION TO THE HAUTE GARONNE DEPARTMENT ADMINISTRATIVE BUILDING Toulouse
HIGH DEFINITION VIDEO TRANSMISSION STUDIO Saint-Cyprien (Pyrénées-Orientales)
NEW EXTENSION TO VILLAGE IV Pessac (Bordeaux)
SANOFI-SYNTHÉLABO Toulouse
page 27 TPF GROUP / ACTIVITY REPORT 2007
We shall single out the most important projects which are the most representative for the year:
RENOVATION OF THE HOTEL LE BRISTOL - PARIS
Magnificently located on the Rue du Faub Faubourg aubourg Saint-Honoré S in the 8th arrondissement, this venerable erab institution institu i is one of the most famous Parisian palaces. With a huge ge capacity, an impressive number of suites (73), it has 161 rooms, meeting rooms, and a gourmet restaurant (two stars in the Michelin Guide). At the start of the year, Beterem ran a remarkable operation for its size, its short duration (12 weeks) and the quality of the work completed. This assignment included various operations throughout the whole building as well as the complete renovation of the gourmet kitchen. Beterem acted as both contractor for the building work and contractor for the technical batches. Other sizeable operations are still under way, such as a large 3,000 m2 extension (construction of a restaurant and 27 additional rooms, including 4 suites), improvements on a fire safety level and many other works (renovation of the cloakrooms, logistics access, panoramic lift, etc.).
EXTENSION TO THE HAUTE GARONNE DEPARTMENT ADMINISTRATIVE BUILDING - TOULOUSE
Completed only ten years ago, the Haute Garonne Department’s administrative building already has to be substantially modified as it is no longer able to absorb the growing needs caused by decentralisation. At the end of a high-flying competition, the panel’s choice fell on the project presented by the team in which Beterem plays a prominent role. It will be carrying out the engineering and synthesis of the structures and technical equipment. The project comprises the construction of a net surface area of 13,000 m2 of offices and a 9,000 m2 underground car park. As an urban site, the project is subject to strong constraints inherent to the layout of the grounds (the building is next to the Canal du Midi and the new metro station, etc.). So as to pay even more homage to this major work by the American architect Venturi, the building will be covered with a double active façade in a way that does not reduce its energy performance
FRANCE
de te despite t its ts lar la large e glaze glazed zed ssurf surface. Whilst hils drawing d up the preliminary prelim plans, Beterem, Be Beter etere with w the ssu support portt of TPF, TP PF, ar arran arranged a visit to B Brussels to several buildings dings gs prese presenting prese similarities similar milari arities to the projected ariti ojected building bui (double active façade). de In particular articular icular ar the L Lex 2000 for which ch T TPF had designed the technical equipment. uipm ipment ment. Handover H dover of this his buildi buildin building, which will certainly make its mark, k is scheduled ed for or 2010. 20
SANOFI-SYNTHÉLABO - TOULOUSE
This research site is continuing to expand thanks to the con construction under way of 30,000 m2 of laboratories and combinatorial library projects, along with the construction of 30,000 m² of laboratories in the future. At the end of a two round consultation, Beterem was awarded the assignments for the strategic plan, contractor for production development and energy distribution over the whole site. The completed utilities will comprise two hot water boiler rooms, 18 mW and 24 mW, a 12t/h steam boiler, three 20 kV loops distributing more than 20 mVa, two emergency power plants, 6.5 mVa and 9mVa, and finally two 10 bar compressed air production units, each one 750 Nm3 per hour. The assignment also comprises the construction of technical tunnels, water channels, storm basins, as well as the CCTV installations, covering the perimeter of the site and all the communications infrastructures. The work is already under way and is on schedule to finish in 2011.
HIGH DEFINITION VIDEO TRANSMISSION STUDIO SAINT-CYPRIEN (PYRÉNÉES-ORIENTALES)
On the exceptional Grand Stade site (created by Michel Platini and Yannick Noah, now run by the local council) the Saint-Cyprien town council, in association with the Sud Roussillon regional council, has set up botanical gardens, a museum of modern art and a high definition (HD) video transmission studio. At the end of a high level European competition, the panel chose the project presented by the team within which Beterem will carry out all the construction engineering, the operational and steering coordination assignments, as well as IT coordination. The project comprises a 450-seat theatre, a 350 m2 reception
FRANCE
and entrance ntrance ance area, rea, ea, two tw wo m me meeting rooms, om several al offices and the exterior orr faci facilities fa acil linking king the th t various rious buildings build b building on the site. site Soon after the results sultss wer were announced, ounce nce ced, th ced the contracting cting autho authority decided to change the he high defi finition on vide video transmission ransmission stud studio that was initially planned to a multimulti-purpose ulti-pur -purpo theatre. Studies will be carried out during 2008, 00 handover er of the he buildin b building is scheduled for the beginning of 2010.
NEW EXTENSION TO VILLAGE IV - PESSAC (BORDEAUX)
The aim of this project is the construction of 120 student flats (three-storey buildings) on the Pessac campus of the University of Bordeaux, the second stage of the general project for the renovation of “Village IV”. The construction work will be carried out during 2008. The site is located next to a motorway ring road, so the level of noise disturbance has been a predominant concern during the design stage, as well as the energy performance which will allow the project to obtain the high energy performance mark. Beterem is responsible for carrying out the whole technical assignment: heavy external construction work, metal structural work, various networks, heating, ventilation, sanitation, electricity and lifts.
SOCIAL HOUSING PROVENCE-ALPES-CÔTE D’AZUR REGION
For the Provence-Alpes-Côte d’Azur region, Beterem, a generalist and multi-disciplinary design office, is unquestionably one of the only companies of its size able to show solid experience in social housing, acquired through a large number of projects carried out over the last thirty years or more. 2007 has been particularly marked in this sector of activity both for the orders taken and for the carrying out of diverse studies such as those for the 450 new dwellings and 2400 renovated dwellings in Marseille, as well as 600 in Nice and 150 in Avignon. In France, this social housing sector is promising to expand well in the years to come.
TPF GROUP / ACTIVITY REPORT 2007 page 28
CŒUR MÉDITERRANÉE - MARSEILLE
This hiss huge ge o operation,, run n by Constructa C nstructa SA, is part off the EuromédiE éditerr terranée erranée project, a city planning ing project emblematic e blematic atic in the current ent development evel of Marseille. Afterr a stud study phase ase e carried carr arried o ou out in n 2006, the construction work run by Eiffage started ed in n Feb February ary 2007 for a handover scheduled for June 2008. Beterem is carrying out, in cooperation with the architects Jean-Paul ean-P n l Viguier and Atelier 9, the contractor assignment for the technic technical chnicall work, as well as all the transversal engineering (fire safety, acoustics, oustic , definition of the HQE targets – the French high quality environmental standard, etc.). This project covers a 192-room Hotel Ibis (5700 m2), a 127-room suite hotel (6700 m2), offices (6200 m2), shops (1200 m2) and a 400-space underground car park. This large building in white concrete, graced with an imposing paved patio, will be supplied with hot water by 450 m2 of solar panels incorporated into the guardrails of the roof terrace.
RENOVATION AND EXTENSION TO THE MUSÉE DES BEAUX-ARTS ET D’ARCHÉOLOGIE - VALENCE (DRÔME)
The current museum is located in a former Episcopal palace, right next to the cathedral. The museum renovation and extension project must allow not only the best way of presenting the collections but also to highlight the heritage character of the building and its surrounding area. It is more of a general problem of urban restructuring and promoting the historic centre. This project has a surface area of 4000 m2 and includes permanent exhibition rooms for the fine art and archaeology, a gazebo, temporary exhibition rooms, various reception and service rooms for the general public, logistical, administrative and technical areas as well as exterior areas renovated as part of the project, combining a main courtyard, gardens and terraces. At the end of a European competition which attracted over 70 candidates, the panel awarded the project to the Jean-Paul Philippon/Beterem team. Beterem will, in particular, be responsible for the structure (stability), liquids, the economy of the technical parts, as well as the coordination of the fire safety systems, as part of the overall assignment with the operational studies. Closed during the building work, the museum will be reopening in 2011.
page 29 TPF GROUP / ACTIVITY REPORT 2007
URBAN REQUALIFICATION OF THE " CITE LES FLAMANTS " Marseille
FRANCE
RENOVATION AND EXTENSION OF THE MUSÉE DES BEAUX-ARTS ET D’ARCHÉOLOGIE Valence (Drôme)
CONSTRUCTION OF A CARDIO-RESPIRATORY REHABILITATION CENTRE - DIEULEFIT (DRÔME)
The Association Dieulefit-Santé manages several private health establishments which take part in the Dieulefit hospital national health service, in the Provencal area of the Drôme region. The aim of the project, which has just been completed, was to bring together onto the same site a group of activities which up until now were spread over three sites (cardiology centre, pneumology centre and medical centre). The new establishment comprises 100 beds as a hospital (distributed over four units, one of which specialises in paediatrics), 2 units for outpatient rehabilitation and external consultants as well as a technical platform for cardio-respiratory testing and a balneotherapy room. The project has a gross surface area of 11,400 m2. In cooperation with the architects firms Groupe 6 and AABD, Beterem carried out the concrete structure, access roads, liquids (electricity and medical liquids), kitchens and balneotherapy assignments as part of a general contract.
CONSTRUCTION OF THE ESPACE JEUNES - RENNES
The construction of this cultural building, located in the centre of Rennes, was one of the major projects of the town council’s cultural policy.
CONSTRUCTION OF A CARDIO-RESPIRATORY REHABILITATION CENTRE Dieulefi t (Drôme)
Located close to the metro, the building had to present a very transparent façade and house both relatively quiet activities (multimedia library and group meeting rooms), along with other deliberately noisy ones (amplified music concert hall, a springboard for student groups). Yves-Marie Maurer, Beterem’s cocontracting architect suggested constructing a double façade in glass, which really attracted the panel. Completing the project demanded detailed work from the protagonists as the technical installation of the façade and the desired architectural expression had to correspond to a perfect synergy. Finally, it was decided to place the main access staircase in the double façade and to design the concert hall on the “box within a box” principle so as to ensure it was soundproof despite the presence of glass everywhere in the main façade. An Experimental Technical Notice file had to be drawn up for the CSTB, the Belgian scientific centre for the construction industry, in order to obtain approval for fitting the glazed double façade. Beterem carried out the technical work, the synthesis, the economy, steering coordination and the IT coordination. The centre was opened in November 2007.
PORTUGAL
TPF GROUP / ACTIVITY REPORT 2007 page 30
TPF PLANEGE Our Portuguese subsidiary has once again affirmed its sustained effort for international growth. This has been rewarded by obtaining contracts in Poland, Angola and Algeria. The type of activity was mainly centered around carrying out turnkey projects.
PROGRAMA POLIS Costa da Caparica
PLAZA OESTE SHOPPING CENTRE Obidos
NEW PAEDIATRIC HOSPITAL Coimbra
RAILWAY BYPASS AT ALCﾃ，ER DO SAL
page 31 TPF GROUP / ACTIVITY REPORT 2007
So 2007 saw the continuation and completion of a large number of projects, including:
PORTUGAL
the Pinheiro station to kilometre 94 of the southern line. This project also concerns the construction of a bridge overr the River Sado, earthworks,, drainage drrainage and superstructure works. o The e work should be completed omple at the end en of 2009.
PROGRAMA POLIS - COSTA DA CAPARICA
This concerns conccerns the t redevelopment redevelo opment nt of the th e town w fronting onto o nto the Cost Costa osta da Caparica beac beach h to the south h of L Lisbon. Lisbon The beach a will be provided d with new ne ew facilities facilities such ass restaurants restaurants, resta bars and cabins ins for sstoring oring fishing sh g equipment. pment. An integral egral part pa of this th project ct is the the landscaping landsscaping and d the t construction con nstruction of a pedestrian p pedes footbrid footbridge dg providing v a direct passage assage between be ween the town garden arde and the beach. beaach. TPF PF F Planege ge wass award awarded awarde the supervision off the t construction work. k
PLAZA OESTE SHOPPING CENTRE - OBIDOS
Th developmentt of thiss imposing The sing building b with its contemporary cont architecture, started te justt over a yea year ago, is continuing. As reminder, this new complex off more than 83,000 m2 will contain 20,000 m2 of residential areas and 63,000 m2 commercial and cultural areas (shops, hypermarket, restaurants and cinemas). In order to accept a large number of visitors, 2700 parking spaces will be provided. The preliminary studies and the execution plans, for which the property developer Wilhelm & Co used the services of TPF Planege, are under way. The studies relate to, amongst other things, the earthworks, exterior construction work, foundations and various structures, technical utilities and water treatment. The work will be completed by 2010.
NEW PAEDIATRIC HOSPITAL - COIMBRA
TPF Planege was responsible for the supervision of the construction work of this new healthcare establishment. As a reminder, this paediatric unit is composed of two sections: a main building with 14 levels, 7 of which are underground, reserved for all the healthcare services, and a secondary building which will be used for catering, services and technical equipment as well as the thermal power plant. A heliport and two main entrances provide access to the hospital complex. The whole of the project is accompanied by a large amount of construction work and the implementation of technical utilities: hydraulic, mechanical and electrical installations and equipment, exterior construction work, water treatment plant, earthworks, foundations and structures, interior signage, fixed medical equipment, etc. The hospital will open in 2008.
RAILWAY BYPASS AT ALCÁCER DO SAL
This project is part of the modernisation programme of the southern railway line linking Lisbon to the Algarve region. More precisely, it concerns the installation of a rail track going from
PETROGAL REFINERY AT LEÇA - PORTO
As we should ho rremind you, the t Petrogal etrogal comp company iss the m main Portuguese rtuguese se company co in the sector s ctor for the th exploitation, exploit production produc on and distribution bution n of oil and its by-pro by-prod by-products, o ts, as we well ell as na natural atural g gas. It has as awarded arded us the install installation o of pipelines pipeline and val valves within i the e processing essing area of the L Leça eça re refi efi finery nery. This covers ers the metal structures, tures, paintwork pain and the insulation system. m. The e purpose purp of the operation er n is to all allow tthe he removal of chlor chlorides. rides. We sho should state ate thatt the supply s ply of equipment, equ the pref p prefabrication, rication trials for EC certification and commis commissioning issioning ning the installations iinstalla are part of the e turnkey ey contract con awarde awarded d to TPF Planege. anege.
PETROCHEMICAL COMPLEX REPSOL - SINES
2007 saw the completion of work aiming to increase the production capacities of ethylene (from 380 kt per year to 410 kt per year) within the steamcracker of the petrochemical complex at Sines. This work consisted of various operations such as carrying out maintenance work, the complete replacement of the thermal insulation (piping and equipment) carried out in sub-zero temperatures, fitting new installations, modification to existing installations (heat exchangers and reactors), and finally the prefabrication and fitting of some 300 new pipelines. As general contractor, TPF Planege, carried out the coordination between the various subcontractors, supervision of the construction work, schedule control, safety management and coordination, and quality control.
DOUBLING OF THE ANNABA - RAMDANE DJAMEL RAILWAY LINE (ALGERIA)
This year saw the works progressing on the modernisation of the installations on the Annaba – Ramdane Djamel railway line and the doubling of the track over 92 km. This work is part of the modernisation of the Annaba-Alger-Oran rail bypass project, which comprises a total 6 stations, 3 halts, 20 bridges, 3 tunnels with a total length of 6.2 km as well as 125 km of track and 89 switch points. This huge building site is requiring considerable excavation work and earthworks. The Algerian national railway company wanted to improve the capacity and safety of its railway lines and appointed us to carry out several assignments, including the control and approval of the execution plans, the supervision of the construction work, quality control, reception of equipment and finally planning and budget control. The work should be completed in 2010.
PORTUGAL
2007 also saw the launch of new projects such as:
TPF GROUP / ACTIVITY REPORT 2007 page 32
of roadways ys an and several bridges, bridges as welll as the e construction cons of new ew stations io at a Catete and d Cassoala. Cass TPF Planege anege has been be called to carry out the works supe supervision.
CUF HOSPITAL - OPORTO (PORTUGAL)
T e new Oporto The Opor hospital will have a capacity capac of 191 beds (30 of whi hich ich will ill be used ussed byy the maternity ma department depa and 10 for the inte ensive care unit). un ). With a total t tal surface surf area of 31,000 m2 spread re out over 8 floors above g ground d and d 3 underground parking ki levels, l l thiss huge complex will provide a quality service and a first-rate healthcare infrastructure. The new hospital complex will be made h up of, amongst other things, a paediatric emergency care unit, an emergency department, obstetrics department, an operating block comprising 8 rooms (including operating theatres and recovery rooms), an outpatient surgery unit and an anaesthetics unit. The consultation unit will bring together all the specialist healthcare departments: oncology, medical imaging, clinical pathology laboratory, pathological anatomy, haemodialysis, physical medicine, pharmacy, etc. The many engineering skills of our Portuguese subsidiary have contributed to this project: project management, works supervision, planning and budget control.
MARITIME TERMINAL JARDIM DO TABACO - LISBON
The project consists of the rehabilitation of a terminal for cruise liners. The first phase of the works concerns the extension of the existing quay by around 200 m and widening it by 45 m, which will allow larger capacity cruise liners to dock. The water and electricity supply services will be provided by the installation of supply terminals.
RENOVATION OF THE LUANDA RAILWAY (ANGOLA)
The work relates firstly to the main railway section linking the Baia station (at PK 36+100) to the Malanje station (at PK 423+050), and secondly to the secondary section linking the Zenza station (at PK 133+884) to the Dondo station (at PK 54+736). Essentially, this is the renovation of certain existing tracks and the construction of new single-track railway lines. The project involves a total length of 400 km, with the construction and renovation of hydraulic crossings, the construction of the Mucoso bridge, the renovation
CEMENT PRODUCTION UNIT (CACUACO - ANGOLA)
In Cacuaco, a town around twenty kilometres ilom metres from Luanda Luanda, L the Angolan capital, the construction of a new w cement nt plan plant contin continues, work which started in 2006. It will have a production roduction ion capacity of more than 5000 t per day of OPC (ordinary P Portland tl cement) or 5880 t per day of CPC (calcium phosphate cement). For the supply of the raw materials needed to produce cement, this cement plant can be supplied from calcium and clay quarries very close to the site. TPF Planege has been called on to draw up the operational plans for these quarries using several scenarios. Numerous parameters must be taken into account: preservation of the environment, drainage for the workings, the direction of the excavation, the thickness of the layer and the transportation of the raw materials to the production site. Drawing up the safety plan for the workings and its installations as well as drawing up the waste management plan form part of the assignment. Our Portuguese subsidiary has also been appointed to carry out studies relating to estimating production, analysis of the geological and geotechnical impacts of the workings, the service life of the workings (scheduled for 50 years), drawing up the fire plans and the calculations for the electrical, drinking water and purification networks, etc.
page 33 TPF GROUP / ACTIVITY REPORT 2007
PORTUGAL
PETROGAL REFINERY AT LEÇA Porto
PETROCHEMICAL COMPLEX REPSOL Sines
MARITIME TERMINAL JARDIM DO TABACO Lisbon
DOUBLING OF THE ANNA RAMDANE DJAMEL RAILWAY LINE Algeria
SPAIN
TPF GROUP / ACTIVITY REPORT 2007 page 34
ECONOLER SPAIN The challenge for our Spanish subsidiary is to develop projects based on renewable energy.
DOLCE VITA SHOPPING CENTRE Lisbon
BIOENERGETICA EGABRENSE PROJECT Cabra
Given the success of the Bioenergetica Egabrense biomass unit (located in Cabra in the Cordoba region), which uses waste from the manufacture of olive oil to produce green electricity and heat on a large scale, Econoler Spain and TPF Planege have decided to repeat the operation: location studies for a biomass unit in the Brinches region in Portugal have reached an advanced stage of negotiation. This new unit will also be designed to use waste from the manufacture of olive oil. Still in Portugal, and in cooperation with our Portuguese subsidiary, feasibility studies have been started relating to a trigeneration project for the Dolce Vita shopping centre in Lisbon.
The food processing company Conesa has consulted Econoler to carry out a detailed study on the establishment of a cogenerating plant for the manufacture of powdered tomato at Villafranco del Guadiana, in the Badajoz region in southern Spain. At the current stage we are waiting for the company’s strategic investments plan. The use of a third party investor plan, initially envisaged, should replace financing on shareholders’ equity.
ROMANIA
page 35 TPF GROUP / ACTIVITY REPORT 2007
TPF ROMANIA Our Romanian design office is mainly working on projects dealing with road infrastructures and water treatment. In 2007, some projects have been completed, others have just started.
CARGILL PLANTS REHABILITATION
tion nd ex en ension nsio o of Cargill bottling plants in Podari and Craiova Craio a (total (tot laid aid d surface surfac 7.430 m², including the extensions / new buildings). The services of TPF Romania include the geotechnical and topographical surveys, the measurements and technical expertise, the structural engineering and technical installations for the new buildings, and the elaboration of the documentation for the works tender.
GIURGIU COUNTY
This project was contracted by the Municipality of Giurgiu and its objective is the rehabilitation and extension of the water supply and sewerage systems in the Giurgiu County (South of Bucharest). The outputs of the project are the technical design,
REHABILITATION OF NATIONAL ROAD N° 59 BETWEEN VOITEG AND MORAVITA
tender d rd documents c e and deta detailed etta a le design aile ailed design for the re reh rehabilitation on of the he water er supply s p network workk on a total tot l length off 2 24 24,9 km, the e reha abilitation atio off the he sewerage werrage network n on a length ngt gth tth h of 8 8,8 ,8 km m aand nd tthe he extension exten on of of the he e sewerage sew s network work on a length le off 6 61,3 61, 1 3 km km.
PHARE - ROAD REHABILITATION
Rehabilitation of National Road no. 5 59, between t Voiteg and the border crossing point with Serbia & Montenegro at Moravita (km 36+500 – 40+800 and km 46+300 – 62+792) – technical assistance for works supervision according to FIDIC Conditions of Contract, Red Book. In this project TPF Romania was a subcontractor, assisting TPF Engineering with the local expertise for the supervision of the works.
CARGILL PLANTS REHABILITATION Podari and Craiova
WATER SUPPLY AND SEWERAGE SYSTEMS Giurgiu
POLAND
TPF GROUP / ACTIVITY REPORT 2007 page 36
E&L ARCHITECTS In 2007, E&L Architects has continued providing a complete range of architectural and engineering services from structural studies to special building utilities and roads including supervision and co-ordination of works.
ARKADIA RESIDENCE - WARSAW
Here are some of key projects:
PLUZANSKA BUILDING - WARSAW
The construction The nstruction ru nw work of this th apartment me building i di started ted in 2007 07 and nd the e completion o t o is foreseen re forr summer s e 2008. T This h 4,400, 4 , four o floor’ss building g with underground n d garage g will offerr 2,400 0 m² off aapartment area. a E&L E L Architects has as designed n the building and performs author’s u supervision up services e for the h project.
WOLSKA HOMES - WARSAW
The scheme comprises over 300 apartments in buildings from 4 to 18 floors, underground car park, office space and retail at ground level (total 44,500 m² with 20,800 m² of apartment area). We have helped the Client to identify this post-industrial site located in Wola – fast developing district of Warsaw and promote it through the local planning process. E&L Architect has performed building design up to date.
KOPERNIK OFFICE BUILDINGS Warsaw
BATORY OFFICE BUILDINGS Warsaw
T e development, The eve o m n to totaling aling ng g almost aalmo 155 155,000 1 0 m m² consists o ss so of m multilt storey t rey ey ((between e we seven even and d sixteen) sixte mu multifamily lt l apartmen apartment pa me blocks o s with w h two wo parking a k floors sett out to form rm an open g green ee cent central ce area a a between b tween e them. em T The central area a is d designed g as a small ma pa park with w the he main alley and d internal courtyards. a One e of the key ey feature features f a which gives g es it its dist distinctive green character,r is the absence bs n of cars. Parking P rking places for residents are located in closed garages with green g een roofs dedicated de for users of ground floor aapartments as private p vate gardens. garden The courtyards feature children’s play areas, footpaths, greenery and water ponds functioning as a meeting place and semi-public space. Small number of units with access from footways at the ground level is foreseen for local services (laundry, tobacco, bakery, etc…). E&L Architects has made conceptual study for this multifamily residential project in Zoliborz- one of prime residential districts of Warsaw and promoted it through the local planning process.
PLUZANSKA BUILDING Warsaw
POLAND
page 37 TPF GROUP / ACTIVITY REPORT 2007
Two substantial road infrastructure projects are worth special mention:
In November No e r2 2007 07 Consortium so TPF TP Planege P a g and an E&L &L Architects Ar h t c s hass signed a contract o act for or the h moderniza modernization r o of o the e railwayy line ne E-65, E 65 section c n Warszawa za – Gdynia, Gd Stage I.
CONSTRUCTION OF MOTORWAY A1, SECTION SOSNICA-BELK
The cconsortium of TPF T Planege and E E&L Architects has continued construction works co-ordination and supervision, planning and cost control, quality assurance, safety co-ordination in the field of the construction of motorway A1, three lane 15.5 km long, section Sosnica-Belk, the contract awarded in 2006. By the end of December 2007 ten months elapsed from the Works Commencement Date, i.e. 21.02.2007 during which the Contractor mobilized his staff and equipment, carried out tree cutting, finished Motorway sub-grade reinforcement with the application of such methods as: jet grouting, aggregate columns, aggregate geomattresses. Due to poor ground conditions the designed scope of sub-grade reinforcement was increased. In 2007 bridge works were also progressing. Particular attention should be paid to bridge WA 470 which is 850 m long and is located over the Moczury pond, Dworcowa street and a railway station in Knurow town.
WOLSKA HOMES Warsaw
MODERNIZATION OF GDYNIA GLOWNA OSOBOWA RAILWAY STATION
This project including n the following main works: k - modernization of the tracks circa 5,80 km together with modernio e zation of substructure r of the track and dewatering of soils; o s - construction of 51 scissors crossovers together with modernization of substructures of the track and dewatering; - rebuilding of the 10,8 km of electrical traction; - building, reconstruction of the computer railway traffic control; - rebuilding others components of railway infrastructure relates to the elimination of the obstructions and collisions. Project above encompasses assignments such as coordination and supervision of the construction works, planning and budget control, quality control and safety coordination. The works is expected to be completed for December 2010.
CONSTRUCTION OF MOTORWAY A1, SECTION SOSNICA Belk
MODERNISATION OF GDYNIA GLOWNA OSOBOWA RAILWAY STATION
INDIA
TPF GROUP / ACTIVITY REPORT 2007 page 38
S.N. BHOBE & ASSOCIATES PVT. LTD. 2007 has seen tremendous growth in the Indian Infrastructure scenario. Aided by a galloping spend on infrastructure by the Central and State Governments, Urban Local bodies and with the thrust area being developing sustainable urban environments, SNBAPL has made the best of its core competence to increase its revenues, personnel and broadbase its activities in sectors where it was not hitherto present. In addition, SNBAPL has moved to a new state of the art office and is now fully equipped to face the challenges of the future. With the Indian Infrastructure market growing at a phenomenal pace, the next year promises to be a more challenging and exciting one.
Some of the significant achievements during the year would be:
OJHAR AIRPORT NEAR NASHIK FOR HINDUSTAN AERONAUTICALS LTD.
Awarded the work of design and Project Management Consultancy for the taxiway and parking bay upgradation, SNBAPL has completed the 1st phase comprising the design and detailing of the project. Tenders for appointing the contractors are in process. This is the first entry of SNBAPL into the airport sector.
BASKET HANDLE BRIDGE OVER PAWANA RIVER AT PUNE
First of its kind in India, 100 m. span constructed in steel and with a slab in concrete. Constructed for 4 lanes of 2 way traffic with footpaths on either side, the majestic structure constructed over a major river just off the first expressway in India (Mumbai – Pune expressway) with the main span designed to be a signature structure. The approach viaduct is in small spans of RCC solid slabs which are specially designed as sleek slender slabs to match the nature of the signature structure. SNBAPL has rendered design and project management consultancy services. The bridge is now nearing completion.
FLYOVERS AND UNDERPASSES IN BANGALORE
Due to the tremendous increase in traffic, the need for fast traffic dispersal has led to the construction of flyovers and underpasses in the South Indian city of Bangalore – the silicon valley of India. SNBAPL has completed proof checking and project management consultancy for one underpass and one flyover and has several others on hand.
SEWAGE TREATMENT PLANTS
SNBAPL has successfully completed the 3 sewage treatment plants in the city of New Mumbai – 2 plants of 100 million liters per day and one plant of 80 million liters per day. These plants are based on the state of the art C-Tech process from Austria and SNBAPL has been involved with the projects since feasibility and have provided services upto the completion stage. SNBAPL still continues to be involved with the projects as consultants for the operation and maintenance phase for the next 3 years.
INDIA
page 39 TPF GROUP / ACTIVITY REPORT 2007
BASKET HANDLE BRIDGE OVER PAWANA RIVER Pune
BASKET HANDLE BRIDGE OVER PAWANA RIVER Pune
SEWAGE TREATMENT PLANTS New Mumbai
POWER GENERATION
TPF GROUP / ACTIVITY REPORT 2007 page 40
The TPF Group has also continued its activity as an energy producer in Belgium and abroad. In Belgium, the Socageth company operates the urban heating network for the town of Charleroi. The installed power is 48 mW. The sales in heat in 2007 rose to 1,302,000 EUR. The French company ESO runs a dispatchable electric power plant, located in the Landes region, with a power of 6620 kW. At the end of the financial year which ended on 31 October, the sales in electricity rose to 539,000 EUR. On the Iberian Peninsula, TPF is a shareholder in four companies operating cogeneration and biomass power plants:
For MESOGEN the installed power is 1000 kW for an annual turnover of 396,000 EUR (industrial customer: Madeiras Beceira, timber manufacturer). The installed power at SABONDEL is 4120 kW for an annual turnover of 969,000 EUR (industrial customer: Inosa, manufacturing expanded polystyrene). For GENSABON, the installed power is 14600 kW for an annual turnover of 3,274,000 EUR (industrial customer: Leyma, a dairy company). Finally, BIOENERGETICA EGABRENSE operates an installed power of 8 mW in cogeneration and 13 mW in biomass for an annual turnover of 9,576,000 EUR.
PUBLIC-PRIVATE PARTNERSHIP
page 41 TPF GROUP / ACTIVITY REPORT 2007
We should now mention our public-private partnership with the companies Ide Immo and Triage-Lavoir du Centre : IDE IMMO was created in 2004 by the IDEA (the association for the economic development of the Centre and Borinage regions) and TPF. The purpose of this company is to study and carry out urban redevelopment projects in the area covered by the IDEA. For this, IDE IMMO is currently studying the development of the housing zone located on the Grands Prés site in Mons and has chosen the Moulin Dambot district in La Louvière for redevelopment.
In May 2003, the company named Triage-Lavoir du Centre was created on the initiative of five shareholders: the IPW (the institute for Wallonian heritage), Immocita (a subsidiary of the SRIW – the Wallonia regional investment company), SPAQUE (the public aid authority for the quality of the environment), IDEAS (the association for the economic development of the Centre and Borinage regions) and TPF. The social objective relates to the renovation of the former coal sorting and washing centre in Péronnes. Covering a surface area of 19,000 m2, left abandoned for almost 35 years, and by 2000 it was unfortunately doomed to be demolished. Luckily it was decided to renovate it. The repairs to the concrete on the facades was a long drawn out job, but the installation of a new framework has been completed and we are currently deep cleaning the interior of the wash house before starting on the repairs to the roof. Thanks to these sustained efforts, this building, unique in its type and a wonderful example of Wallonia’s mining history, will have a spectacular renaissance in 2010.
MOULIN DAMBOT La Louvière
GRANDS PRÉS SITE Mons
TRIAGE-LAVOIR DU CENTRE
PRESENTATION OF THE
CONSOLIDATED BALANCE SHEET
ASSETS FIXED ASSETS
TPF GROUP / ACTIVITY REPORT 2007 page 44
2007
2006
€
€
I.
FORMATION EXPENSES
100.873,86
II.
INTANGIBLE ASSETS
596.809,21
141.782,59
2.474.178,24
1.336.976,77
9.723.469,65
10.454.434,67
III. GOODWILL IV.
TANGIBLE ASSETS
A. Land and buildings B. Plant, machinery and equipment C. Furniture and vehicles
776.661,33
877.235.69
1.236.754,46
1.289.505,35
625.689,04
663.449,63
D. Leasing and other similar rights E. Other tangible assets F. Fixed assets in progress
300,47
172.699,2
12.362.874,95
14.244.238,14
2.578.468,45
2.071.651,81
1. Shares
1.331.331,39
3.667.011,38
2. Amounts receivable
2.194.541,94
977.913,30
6.104.341,78
6.716.576,49
21.639.078,04
22.439.573,99
1.814.829,81
3.605.727,62
1.814.829,81
3.605.727,62
491.736,92
225.027,50
3.509.985,88
2.190.821,14
TOTAL IV. V.
786.913,60
FINANCIAL ASSETS
A. Companies consolidated by the equity method 1. Participating interests 2. Amounts receivable B. Other companies
TOTAL V.
TOTAL FIXED ASSETS
CURRENT ASSETS VI.
AMOUNTS RECEIVABLE AFTER ONE YEAR
A. Trade debtors B. Other amounts receivable C. Deferred taxes TOTAL IV. VII. STOCKS AND CONTRACTS IN PROGRESS
A. Stocks 1. Raw materials and consumables 2. Goods in process 3. Finished goods 4. Goods purchased for resale
2.700,00
5. Real property acquired or constructed for resale 6. Advance payments TOTAL A.
B. Contracts in progress
3.357,10
12.205,92
4.007.779,90
2.428.054,56
12.517.073,44
24.687.947,35
16.524.853,34
27.116.001,91
A. Trade debtors
39.934.271,30
37.179.402,99
B. Other amounts receivable
10.507.897,42
6.181.619,77
TOTAL VIII.
50.442.168,72
43.361.022,76
TOTAL VII. VIII. AMOUNTS RECEIVABLE WITHIN ONE YEAR
IX. INVESTMENTS
A. Owned shares
228.053,61
228.053,61
3.008.697,10
2.881.396,43
TOTAL IX.
3.236.750,71
3.109.450,04
CASH AT BANK AND IN HAND
3.602.526,27
2.287.297,24
2.784.135,11
1.912.041,85
78.405.263,96
81.391.541,42
100.044.342,00
103.831.115,41
B. Other investments
X.
XI. DEFERRED CHARGES AND ACCRUED INCOME
TOTAL CURRENT ASSETS
TOTAL ASSETS
CONSOLIDATED BALANCE SHEET
page 45 TPF GROUP / ACTIVITY REPORT 2007
LIABILITIES EQUITIES I.
CAPITAL
II.
SHARE PREMIUM ACCOUNT
2007
2006
€
€
13.299.386,00
13.299.386,03 -0,01
III. REVALUATION RESERVES IV.
RESERVES
3.704.604,10
2.773.095,11
V.
BADWILL
1.480.786,02
2.098.882,72
VI.
CUMULATIVE TRANSLATION ADJUSTMENTS
19.422,58
-44.816,82
695.808,71
495.824,49
TOTAL GROUP EQUITIES
19.200.007,41
18.622.371,52
VIII. THIRD PARTIES INTERESTS
3.737.075,99
4.793.061,93
22.937.083,40
23.415.433,45
VII. GRANTS
TOTAL GROUP AND THIRD PARTIES EQUITIES IX. PROVISIONS AND DEFERRED TAXES
B. Tax provision C. Important repairs and important maintenance D. Other risks and charges
117.346,19
114.619,27
446.750,18
493.457,84
975.738,85
1.384.348,86
1.685.636,82
504.885,60
3.225.472,04
2.502.928,94
1.937.955,60
1.703.312,70
490.140,00
630.180,00
5.617,37
E. Deferred taxes TOTAL IX.
DEBTS X.
AMOUNTS PAYABLE AFTER ONE YEAR
A. Financial debts 1. Subordinated loans 2. Unsubordinated debentures 3. Leasing and other similar obligations 4. Credit institutions 5. Other loans TOTAL A.
94.507,76
150.125,52
9.955.266,87
9.731.882,41
417.128,62
570.091,70
12.894.998,85
12.785.592,33
3.957.513,81
1.912.501,49
B. Trade debts 1. Suppliers 2. Other trade debts TOTAL B.
C. Amounts received for orders D. Other amounts payable TOTAL X.
7.575,00
7.025,00
16.860.087,66
14.705.118,82
4.715.889,04
4.697.661,32
17.257.821,85
17.581.682,05
XI. AMOUNTS PAYABLE WITHIN ONE YEAR
A. Current portion of amounts payable after one year B. Financial debts 1. Credit institutions 2. Other loans TOTAL B.
2.792.367,87
1.604.358,89
20.050.189,72
19.186.040,94
14.019.147,14
15.121.028,68
C. Trade debts 1. Suppliers 2. Other trade debts
30.000,00 14.049.147,14
15.121.028 ,68
2.453.651,02
10.613.485,62
1. Taxes
3.051.973,83
2.630.650,52
2. Remuneration and social security
4.690.730,93
4.703.907,18
7.742.704,76
7.334.557,70
TOTAL C.
D. Advances received on contracts in progress E. Taxes, remuneration and social security
TOTAL E.
F. Other amounts payable
4.242.046,40
1.465.302,85
53.253.628,08
58.418.077,11
3.768.070,81
4.789.557,18
TOTAL LIABILITIES
73.881.786,55
77.912.753,11
TOTAL LIABILITIES
100.044.341,99
103.831.115,50
TOTAL XI. XII. ACCRUED CHARGES AND DEFERRED INCOME
CONSOLIDATED PROFIT AND LOSS ACCOUNT
CONSOLIDATED PROFIT AND LOSS ACCOUNT
I.
TPF GROUP / ACTIVITY REPORT 2007 page 46
2007
2006
€
€
70.646.336,98
80.855.328,70
1.989.514,23
4.171.004,66
D. Other operating income
1.486.346,54
1.177.809,18
TOTAL I.
74.122.197,75
86.216.178,91
25.541.357,10
40.684.758,18
OPERATING INCOME
A. Turnover B. Increase; Decrease in stocks of finished goods, work and contracts in progress (+, -) C. Capitalized production
II.
12.036,37
OPERATING EXPENSES
A. Raw materials, consumables and goods for resale 1. Purchases 2. Increase; Decrease in stocks (+, -)
-264.726,01
-107.901,79
TOTAL A.
25.276.631,09
40.576.856,39
B. Services and other goods
15.671.367,56
14.532.613,69
C. Remuneration, social security costs and pensions
27.577.018,32
25.677.202,99
1.589.823,24
1.634.567,23
1.428.850,07
174.056,16
D. Depreciation of and other amounts written off establishment costs, intangible and tangible fi xed assets E. Increase; Decrease in amounts written off stocks, contracts in progress and trade debtors (+,-) F. Increase; Decrease in provisions for liabilities and charges (+,-) G.Other operating expenses
-1.020.790,96
26.953,57
336.806,58
362.678,90
70.859.705,90
82.984.928,93
3.262.491,85
3.231.249,98
H. Capitalized charges corresponding to formation expenses I. Depreciation of goodwill TOTAL II.
III. OPERATING RESULT
IV.
FINANCIAL INCOME
A. Income from financial fi xed assets B. Income from current assets C. Other financial income TOTAL IV.
V.
40.434,52
287.491,53
968.974,33
715.999,73
383.738,17
336.183,38
1.393.147,02
1.339.674,64
1.947.240,61
1.718.308,14
FINANCIAL EXPENSES
A. Interests, etc B. Increase; Decrease in amounts written off current assets other than those mentioned under II.E. (+,-)
VI.
C. Other financial expenses
481.530,23
362.896,13
D. Depreciation of goodwill
559.162,18
341.538,46
TOTAL V.
2.987.933,02
2.422.742,73
CURRENT RESULT OF THE CONSOLIDATED COMPANIES BEFORE INCOME TAXES
1.667.705,85
2.148.181,89
-1.300.000,00
-23.332,03
VII. EXTRAORDINARY INCOME
A. Release of depreciation and amounts written off intangible and tangible fi xed assets B. Release of provisions for financial investments C. Release of provisions for extraordinary liabilities and charges D. Gain on disposal of fi xed assets E. Other extraordinary income TOTAL VII.
714,94
2.543,99
85.948,38
3.600.115,90
387.214,46
1.855.333,32
1.773.877,78
5.481.325,24
page 47 TPF GROUP / ACTIVITY REPORT 2007
CONSOLIDATED PROFIT AND LOSS ACCOUNT
CONSOLIDATED PROFIT AND LOSS ACCOUNT
2007
2006
€
€
VIII. EXTRAORDINARY EXPENSES
A. Extraordinary depreciation of and extraordinary amounts written off establishment costs, intangible and tangible assets
102,64
B. Amounts written off for financial investments C. Amounts written off financial fi xed assets D. Provisions for extraordinary liabilities and charges E. Loss on disposal of fi xed assets
473, 36 1.420.338,64
1.036.321,71 4.012,14
18.331,14
135.981,21
606.533,22
1.176.417,70
3.159.307,76
2.265.165,93
4.470.199,37
F. Other extraordinary expenses G. Extraordinary depreciation on goodwill TOTAL VIII.
IX. RESULT FOR THE PERIOD OF THE CONSOLIDATED COMPANIES BEFORE TAXES
X.
1.113.631,40
4.671,07
TRANSFERS TO AND FROM DEFERRED TAXES
A. Transfers to deferred taxes B. Transfers from deferred taxes
XI. INCOME TAXES
A. Taxes
1.658.609,84
1.345.386,64
-16.352,85
-34.088,89
622.908,94
3.154.230,55
223.826,62
44.754,23
XIV. CONSOLIDATED PROFIT
846.735,56
3.198.984,78
XV. RESULT OF THIRD PARTIES
-84.773,83
604.894,68
XVI. RESULT OF THE GROUP
931.509,40
2.594.090,07
B. Adjustment of taxes and release of provision for taxes
XII. PROFIT FOR THE FINANCIAL YEAR
XIII. RESULT OF COMPANIES CONSOLIDATED BY THE EQUITY METHOD
A. Profit B. Loss