Operation Manual

72 5: Calculs financiers sur des flux constants
/HPRQWDQWSD\pUHPERXUVDQWO·LQWpUrWHWOHFDSLWDO 
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/HVROGHHVWpJDOjO·K\SRWKqTXHGHGpSDUWPRLQVOHPRQWDQW
GHVUHPERXUVHPHQWVGXFDSLWDO² 
$PRUWLVVHPHQWGHODGHX[LqPHDQQpH
/HPRQWDQWSD\pUHPERXUVDQWO·LQWpUrWHWOHFDSLWDO 
HVWpJDODXWRWDOGHVSDLHPHQWVPHQVXHOVï
/HVROGHHVWpJDOjO·K\SRWKqTXHGHGpSDUWGLPLQXpHGX
PRQWDQWGHVUHPERXUVHPHQWVGXFDSLWDO²²
/HUHPERXUVHPHQWGXFDSLWDOHVWSOXVLPSRUWDQWOD
GHX[LqPHDQQpHTXHODSUHPLqUH/HVDXWUHVDQQpHVVXLYHQWOHPrPH
PRGqOH
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/HPRQWDQWGXFUpGLWEDLOHVWGHHWOHWDX[G·LQWpUrWHVWGH
/HVSDLHPHQWVVRQWPHQVXHOVHWFRPPHQFHQWLPPpGLDWHPHQW
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SUpVHQWjO·DIILFKDJH
13– 24
$IILFKH3(5HWOD
VpULHGHSpULRGHV
VXLYDQWH
–1.706,69
$IILFKH35,1HWOD
FDSLWDOSD\pDXFRXUV
GHODVHFRQGHDQQpH
–13.767,79
$IILFKH,17HW
O·LQWpUrWSD\pDX
FRXUVGHODVHFRQGH
DQQpH
176.713,49
$IILFKH%$/HWOH
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10B.book Page 72 Sunday, June 25, 2000 12:56 PM