EX-99.4 5 w06164exv99w4.htm EXHIBIT 99.4 exv99w4
 

Exhibit 99.4

FLAMEL TECHNOLOGIES — Year to Date December 31, 2003

TABLE OF THE COMPANY’S RESULTS
FOR THE LAST FIVE FINANCIAL YEARS
(French Gaap standards)

In Euros

                                             
        12/1999   12/2000   12/2001   12/2002   12/2003
 
a)
  Capital stock per value     1,578,056.49       1,975,445.35       1,975,445.34       1,975,445.34       2,608,783.07  
b)
  Number of ordinary shares     12,939,215       16,197,590       16,197,590       16,197,590       21,391,590  
c)
  Number of shares with priority rights to vote                                        
d)
  Maximum outstanding shares                                        
  - per obligations conversion                                        
  - per exercice of subscription rights     595,875       1,415,000       2,110,000       2,535,000       4,415,000  
  (warrants granted to Board Members and Investors, Stock Options rights)                                        
  CAPITAL AT YEAR END                                        
 
a)
  Total product revenues     10,171,253.12       10,187,579.27       14,615,521.74       19,503,640.86       37,680,303.02  
b)
  Income before taxes, profit sharing and allowances for amortization and provisions     -4,745,218.26       -6,556,102.30       -1,872,827.33       4,070,438.96       13,826,400.73  
c)
  Income tax (credit)     15,244.90       54,544.07       15,244.90       -585,075.87       -444,583.00  
d)
  required profit sharing                                        
e)
  Income after taxes, profit sharing and allowances for amortization and provisions     -6,252,697.79       -7,028,717.47       -2,850,032.26       3,429,405.22       12,800,853.77  
f)
  Dividends per share                                        
  OPERATIONS AND INCOME FOR THE YEAR                                        
 
a)
  Net result after taxes and profit sharing, but before amortization and provisions     -0.37       -0.41       -0.12       0.29       0.67  
b)
  Net result after taxes, profit sharing, amortization and provisions     -0.48       -0.43       -0.18       0.21       0.60  
c)
  Dividends per share                                        
  RESULTS PER SHARE                                        
 
a)
  Average Staff during the year     113       137       140       139       166  
b)
  Total payroll     3,973,990.33       4,731,279.60       4,883,341.03       5,441,633.23       6,449,859.79  
c)
  Total social charges     1,862,578.86       2,092,038.30       2,037,944.41       2,323,893.56       2,872,888.98  
  PERSONNEL