11 Consolidated financial statements LIABILITIES AND SHAREHOLDERS’ EQUITY At 31 January €m Notes 2004 2003 2002 Shareholders’ equity Share capital 30.3 30.3 30.3 Additional paid-in capital 93.1 92.4 92.4 Retained earnings 180.0 142.0 103.6 Net income 83.5 69.7 38.1 Cumulative translation difference (2.0) (18.4) (11.7) 384.9 316.0 252.7 nnnnnnnn nnnnnnnn nnnnnnnn Minority interests 0.1 0.1 - Provisions for risks and contingencies Provisions for risks 10.1 15.4 4.8 Provisions for contingencies 39.3 53.6 22.9 (11) 49.4 69.0 27.7 nnnnnnnn nnnnnnnn nnnnnnnn Financial debts (12) 436.6 564.9 406.5 Long-term deferred tax liabilities (13) 31.8 16.0 12.9 Current liabilities Accounts payable 48.8 41.9 45.3 Other operating liabilities 110.2 121.4 83.8 Taxes 35.4 43.9 36.6 Prepaid income 138.0 142.3 122.2 332.4 349.5 287.9 nnnnnnnn nnnnnnnn nnnnnnnn Short-term deferred tax liabilities (13) 5.4 9.6 8.6 Foreign exchange difference - - - Total liabilities and shareholders’ equity 1,240.6 1,325.1 996.3 nnnnnnnn nnnnnnnn nnnnnnnn The following notes form an integral part of the consolidated financial statements.