(thousands of Euros) 2007 2006 2005 2004 2003

ASSETS
Goodwill 358 358 358 358 358
Intangible assets 2,298 1,630 1,057 823 470
Property, plant and equipment 2,084 1,704 928 884 888
Equity-accounted investments 0 275 378 0 121
Other non-current investments 279 270 187 154 0
Deferred tax assets 1,195 1,294 0 0 0
Other non-current assets 104 94 75 0 0
Total non-current assets 6318 5625 2983 2219 1837

Inventories 118 129 127 171 208

Trade receivables 6,642 6,506 5,626 4,313 5,042
Other current assets 1,017 1,194 1,522 1,370 1232
Cash and cash equivalents 6,068 6,514 3,270 4,278 5,619
Total current assets 13845 14343 10545 10132 12101
Total assets 20163 19968 13528 12351 13938

SHAREHOLDERS' EQUITY AND LIABILITIES

Capital stock 8,788 8,598 6,922 6,828 6,828
Additional paid-in capital 17,168 17,027 15,185 15,118 15,078
Reserves and retained earnings -17,497 -16,465 -16,648 -15,139 -12,150
Shareholders' equity 8,459 9,160 3,850 4,534 6,999
Group share 8,460 9,161 3,851 4,535 6,999
Minority interests -1 -1 -1 -1 0

Non-current provisions 0 58 689 59 67

Non-current borrowings 1,145 910 24 0 9
Non-current liabilities 134 98 64 18 0
Total non-current liabilities 1,279 1,066 777 77 76

Current borrowings 223 120 0 0 0

Trade payables 1,549 1,467 1,624 1,304 1,069
Tax and employee-related payabl 3,057 2,756 2,575 2,552 2,134
Other current liabilities 5,596 5,399 4,702 3,884 3,660
Total current liabilities 10,425 9,742 8901 7740 6863
Total shareholders' equity and li 20,163 19,968 13,528 12,351 13,938
(in thousands of euros) 2007 2006 2005
Net sales 25,873 25,097 22,917
Cost of sales -2,975 -2,510 -1,964
Research and development expenses -3,066 -2,756 -3,139
Selling expenses -13,125 -12,230 -11,377
Marketing expenses -4,381 -4,012 -3,713
General and administrative expenses -3,222 -2,925 -3,376
Other operating income and expenses -84 -184 -1,084
Costs and expenses -26,853 -24,617 -24,653
Current operating income -896 664

OPERATING PROFIT -980 480 -1,736

Income from cash and cash equivalents 335 169 64
Borrowing costs -39 -14 -10
Net finance costs 296 155 54
Tax -84 1,227 68
Share of income from equity-accounted associates -276 -99 -23
NET INCOME -1 044 1 763 -1,637
Basic earnings per share in euros -0.24 0.42 -0.49
Diluted earnings per share in euros -0.24 0.4

Checking -980 480 -1,736

 2004 2003
22,641 22,582
-2,218 -2,293
-3,893 -4,711
-10,332 -9,926
-3,976 -3,696
-3,839 -4,500
-574
-24,832 -25,126

-2,191 -2,544
75
-13
62
-75
0
-2,204 -3,058
-0.67 -0.92

-2,191 -2,544
31/12 (Thousands of Euros) 2007 2006 2005
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,390 1,132 -805
NET CASH USED IN INVESTING ACTIVITIES -1,881 -1,417 -1,376
NET CASH PROVIDED BY FINANCING ACTIVITIES 361 3,761 801
Total Cash Flow(Gross) -130 3,476 -1,380
Effect of exchange rate changes on cash -316 -232 372
Net Cash Flow -446 3,244 -1,008
2004 2003
-10 -2,024
-821 -682
54 -21
-777 -2,727
-138 -289
-915 -3,016