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International Standard Committee
IASB
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IASCF
International Accounting Standards Committee Foundation
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International Federation of Accounts
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International Financial Reporting Interpretation Committee
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IAS : international accounting standard.

IFRS: international financial reporting standard..

IASB: international accounting standard board.

1 . 2005 - .269-268

.
:1


) ( )(
) (

.
.2.1 -:
- 19
43 :
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Samir Merouani, le projet du nouveau systme comptable financier algrien, anticiper et prparer le passage du
PCN 1975 aux normes ifrs. mmoire de magistre en science de gestion, cole suprieure du commerce, Alger, 20062007, p 25.
2 . 2010
.28
3 - .- 2006
- . 117-116

10

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2001 .3
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) (IASCF )(les Trustees
.

1 - .- 2004 - .431-429
IASC: international accounting standard committee.

IFAC: International Federation of Accounts

2 .23
3
Robert OBERT, Pratique des normes IFRS. Dunod, 3 dition, Paris, France, 2006, p.p 7-8.

IASCF: international accounting standard committee foundation.

12

) 6 6 4 3
( 03 :1
-

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) (IASB 14 ) 7
4 3 ( 12
.
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2006 .122
IASB: international accounting standard board.
Robert Obert, OP.Cit, p8.

13

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.1

.3.2.3 : :2
-

.4.2.3 :

) (IASB
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1 .317
2 .
2009-2008.10
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2004 .134

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) (4/3
.
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) (SIC .1997


.1
.4.3 :
) (SAC 49

IFRIC: international financial reporting interpretation committee.

SIC: standing interpretation committee.
1
Robert Obert, OP.Cit, p15.

SAC: standards advisory council.

15

. 1
:
:1 .

19

14

12

49

: .127

1 .124

16

:
1957
.

1975/04/29
).(PCN

.
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1969
1970/06/30
1970 .19 ) 06(
1971
.




.1
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PCN : plan comptable national.
1 .
2009-2008 .162

17

.1
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:
12/31 - .

.2.2 :

.
.
1.2.2 :

1 ) (IAS/IFRS .
2009-2008 .17

18

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) ( ) (.2
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) (
.
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1 .18
2 . 2003 .154
3 . 1999 - .46-42

19

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(
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) (14

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1975
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1 .48

20

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:


. 1

- :

.

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.3
:

1 .20
2
2009 .5
3
Samir Merouani, OP.Cit, p.p 56-60.

21

. ) (




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:
...

22

.4 :
1976


11996
.
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28 1998


:2
- .

.1.1.4 :

1999
.
2000
.3

1 318-96 25 1996 .
2 -.28-27
3
http://nadwa.0-up.com/Aaa-aIaaE-b1/CaaCNaE-Eia-CaaIOO-CaaICOEi-a-CaaUCa-CaaICOEi-CaaCai-b1-p5.htm
(23/08/2011).

23

.
.

:
. :
) ( - .1

.2.1.4 :

.2
.2.4 :
2001
) (CNC
) (CSOEC ) (CNCC .
1

Samir merouani,OP.Cit., p.p 61-62.

Idem.

CNC: conseil national de la comptabilit.

CSOEC: Conseil Suprieur de l'Ordre des Experts Comptables Franais.

CNCC: Compagnie Nationale des commissaires aux comptes.

2

24

) (comit de pilotage
:1
- : )(PCN

: : : . :2
: -
: ) (IASB

:
.

1 2009
1 .2010

1 .172
2 2008 - .15-14

25

:


)(PCG
.1
.1 :
" :

" 2
: 3

.
.4 :5
- .

PCG: Plan Comptable Gnral.

KPMG, GUIDE INVESTIR EN ALGERIE. Pixal communication, Alger, Algrie, 2011, p 137.
2 11-07 15 1428 25 2007
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3 4.3
.
4 6.4
5 156-08 20 1429 26 2008 11-07
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26

.2 :


.1 :2
.
.
.1.2 : :
.1.1.2 :


.3
.2.1.2 :

.

.4

1 11-07 7.4
2 156-08 2.11
3 . 2010 .52
4 156-08 7.11

27

.2.2 :

:1

1.2.2 :

N/01/02 N/12/31
12/31
12
.
.2.2.2 :

.
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.
.4.2.2 :

) (.
.5.2.2 :

.
.6.2.2 :

.
1
2009 - .6-4

28

.7.2.2 :


.
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.
.
.9.2.2 :

.10.2.2 :

.
.
.11.2.2 :

.
.12.2.2 :

.
.

29

.13.2.2 :


.
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:
.1.3.2:



.1
.2.3.2 :

.2
.3.3.2:

.3
.4.3.2 :

.
J.F.des Robert et autres, Normes IFRS et PME. DUNOD, Paris, France, 2004, p18.
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30

.1
.3 :

:2
-

.4 :

"
"
. "" :
)( : : ) (
) (
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1 .53
2 11-07 24-20-18-17-14-11- .5-4

31

) (.

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) (.



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.

1 23 1429 26 2008
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32

:01 .

.50

.60
.70

.30 .20 .10

.40
) (

.61

.71

.41 .31

.51

.72 .62 .52

.53

.73

.63

.74

.64 .54

.42

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.43 .33

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.75 .65 .55

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.78 .68

.57

.58

.48

.27 .17

.38

.28

.18

.79

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33

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. .
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.1.5 :

.

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.
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.

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.

1 . 2000 - .115-114

34

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1 19 5.210-4.210-3.210-2.210-1.210- .23 -22

35

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36

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)
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1 . 1990 - .216-215
2 2007 www.ao-academy.org/library.html .61
).(09:30-2011/09/23
3
1999 .224

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1 19 1.220.23
2 3.220- .24-23

38

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1 156-08 21-20.13

39

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: . ) (


).... (goodwill.2
: .3
:
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: ) ( .
) ( )
(
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1 156-08 21.13
2 ) .(SCF
2011 .94
3 19 1.121.8
4 ) (SCF .102

40

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:





:

.

.2.1.4 :

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1 ) (SCF .104
2 19 1.122.11
3 156-08 21.13

41

: :1


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:


..... .
.2

:

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.2.4 :

.
.4
.3.4:

.5 :
.1.3.4 :

1 19 1.123.12
2 . 2006
.43
3
Ali Tadzait, OP.Cit, p65.
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Ibid, p.p 66-67.
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42

.1
- : :2

) ( :

:

.

- : .

.3

:
:
.4

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.5 :6

: .
1 156-08 23.13
2

Ali Tadzait, OP.Cit., p.p 70-71.

Idem.
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Ibid,p72.
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43

: :

.
.1 :

:
.
.1
" :
)
(".2
.2 :

:3
..3 :

:4
1 1986
.448
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3
2005.20
.(10:30-2011/10/2) http://elibrary.iugaza.edu.ps/thesis.aspx?id=2814
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44

: .
.
: .
.
:1
:
) ( .
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.4 :


) (
:
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.1.4 ) (:
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.1.1.4 :

)( .

. )(
.1 :
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.
.

.
.

.
.

.
.

.
.

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Elie Cohen, OP.Cit., p 404.

47

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:
:
.

.1
:
.
: .


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.
:04 .

.
.
.

.
.

- .
.
.
.

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.
.
.

: 19 - .52-51

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"" .1
.4.1.4 :

.

.
.5.1.4 :

.

.
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Christian Hoarau, OP.Cit., p85.

49

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)1 .(03
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)(

)(

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. .
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.
.
.

source: Ali Tadzait, OP.Cit, p90.

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:

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50

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.1
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:
.3
:
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- .

.
= ) + + (+
+ + +
- ) + + (.

1 .31
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)( .
.1
: :
.....
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.2
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http://www.acc4arab.com/acc//archive/index.php/t-2227.html(26/11/2011-11:30).
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.

.
.

.
.

-1

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.
.
.

-3 ).(2-1
.
.
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.
.

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.
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.
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.

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. .
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:

)(
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. .

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)(.

: .249

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.
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:

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"" "
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. . .
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.
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) - .
.(.....
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".1
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".3
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1900
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1908
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:
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" " 1911
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.
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.
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: ..... .
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.

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1 .75
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2 .128

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2 . 2008 .118
3
http://www.aazs.net/t2558-topic (24/01/2012-10:30).

85

.
.1 :
.1.2 :

.

.2

3


.4

5 ) ( 6
.

)(
.7

.
.2.2 - :


1 .102
2 .93
3 .39
4 ) ( . 2006 .162
5 .39
6
Thomas R Robinson and others ,OP.Cit., p 271.
7
Ibid, p247.

86

.1

) 3 5 ( 2



. :3

.
.3.2 :

)(
.4

.5 :6

1 - .108-105
2

Nacer Eddine Sadi, OP.Cit., p90.

3 " " . 2009 -
.223-222
4
Hubert de la Bruslerie, Analyse Financire information financire et diagnostic. Dunod, 3 ditions, Paris, France,
2006, p 447.
5
Pierre Vernimmen, OP.Cit, p.p 190-191.
6 .220

87

.4.2 :

.
:1
.... :2
3 ....
.

Pierre Vernimmen, OP.Cit., p191.

Nacer Eddine Sadi, OP.Cit., p91.

88

1
2

:

.
:
.
.

.
:

: )
(
.
.1 :


) (
) (


.
.1.1 ) -(:


89

) (
.1
:08 .

) (.

) (.
.
.

source : Nacer Eddine Sadi, OP.Cit., p76.

.2.1 :

.
.2
Hubert de la Bruslerie ":

:
".2

:3

Nacer Eddine Sadi, OP.Cit., p75.

2 . 2010 - .65-64
Hubert de la Bruslerie, OP.Cit., p94.
Nacer Eddine Sadi ,OP.Cit., p82.

90

2
3

: ) ( ) (
: ) ( ) (
) ( : .
:09 .

Source: Alain Marion, Analyse financire concepts et mthodes. DUNOD, 3 dition, Paris, France, 2004,
p 38.

:
:10 .

) (

) (

)(2

)(3

)(1

: 19 - 33-32
Alain Marion, OP.Cit., P40-41 ET Jacqueline DELAHAYE Florence DELAHAYE, DCG6 Finance
d'entreprise. DUNOD, Paris, France, 2007, p115-116.

91

) (1 :
.
) (2 :
) - - (.
) (3 : .

.2 :

:
.
.1
.1.2 :


.2
:3
"" "" ..1.1.2. :
- :

:
....... .4

Nacer Eddine Saadi ,OP.Cit, p122.

2 -
- 2009-2008 .59
3
Nacer Eddine Sadi, OP.Cit., p123.
4
Idem.

92

) + ( .
= - ) (.
= - .
:06 .

Source : Alain Marion, OP.Cit., p119.

.


.
:1
:FR> 0



:FR=0

1 -.62-61

93

:FR<0

.
:

.1
:
:07 .

- . . .
..
. - . .

. . - - .
.
.
Source : Nacer Eddine Sadi, OP.Cit., p126.

1 .116

94

.2.1.2 :
: ) (
" :
" .1 :
= .
:

.2

.
:3
)....( :

. :
= - .

).....( :
) (
.
:

= -
.

Nacer Eddine Saadi, OP.Cit., p.p 128-129.

Ibid, p.p 131-133.
3 . 1999 - .18-17

95

1
2

.
:08 .

....

.....

...

....
.....

Source : Nacer Eddine Saadi, OP.Cit., p134.

.1

.2
:
= - .

= + -
.
:3

Christian Hoarau, OP.Cit., p 61.

2 .35
3 - .67-66

96

: :


.
: :

.
.
: :

.
:09 .

Source : Nacer Eddine Saadi, OP.Cit., p138.

97

:
:10 .

.....
....
...

...

..

Source : Hubert de la Bruslerie, OP.Cit., p 243.

98

.3 :

.

.1
.1.3 :

.
.2 :
:11 .

) (
.

: : - .74-72

.2.3 :

.
.3 :

1 .442
2 . 95
3 .95

99

:12 .

365

365

: : - 100-95 -.141-137

.3.3 :



.1 :

1 .667

100

:13 .

.

.

: : - 668-667
-.59-55

.4 :



.
.
.1.4 :

.
.

101

:14 .

)(2009/12/31

)(2010/12/31

900000
900000

990000
990000

90000
90000

%10
%10

275000

275000

100000
150000
25000

80000
180000
15000

)(20000
30000

)(%20
%20

1175000

1265000

)(10000
90000

)(%40

600000

624000

24000

480000
120000

480000
144000

24000

%20

545000

605000

60000

%11

245000
300000

245000
360000

60000

%20

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30000

36000
36000

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6000

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1265000

90000

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: .

.
.
:
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) (90000 ) (%10 .
.
.2 20000
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.
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102

.

%20 .
.3 )
(

%11 %20
.%4
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:
:15 .

600000

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600000

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700000

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300000
100000
150000
50000

%33.33
%11.11
%16.66
%5.56

300000
150000
100000
50000

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900000

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1000000

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%66.67

650000

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480000

%53.33

480000

%48

120000

%13.34

170000

%17

260000

%28.88

300000

%30

200000
60000

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%6.66

240000
60000

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40000

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50000

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50000

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1000000

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: .
103

:
:

.
) ( )( %70 )( .% 66.67
)( )( %3.33
)( )(
% 0.56 %6.66
)( )( .%3.89
: :

)( )(
%1.67
)( %0.56 %1.78
)( .%0.66
:

:
.
.1 :
.1.1 :
.

.
)(
)( .
104

:
.1
.2.1 :

:2
= -
:
- : :

.
:16 ) (.

)75 (752

) 65 (652
76

66

77

67

695

)(CAF

source: Chantal Buissart M.Benkaci, Analyse financire. BERTI Edition, Alger, Algrie, 2011, p 47.

: :
.
Nacer Eddine Saadi, OP.Cit., p118.
2 .34

105

: 17 ) (.

.68

.78

.652

.752

.754

)(CAF
source: Chantal Buissart M.Benkaci, OP.Cit., p 48.

.3.1 :
)
( . ) (
.1 :
= - .
.2 :

.

.2

.1.2 )(:

:

Nacer Eddine Sadi, OP.Cit., p120.

2 .62

106

:18 )(.

Source: Christophe Thibierge, Analyse financire. Vuibert, 2 dition, Paris, France, 2007, p 67.

.2.2 :

.
:
:19 .

Source: Ibid, p 72.

:
1 = + .

107

) / (
) / + (
.
:

:1
) / (

) / (

) / (
:

=+1 .

.
" "Christophe Thibierge :

Hubert de La Bruslerie, OP.Cit., p 185.

108

:20 .

" "

) ( .


.

+
+
+ +

source: Christophe Thibierge, OP.Cit., p 77.

.3 :


. - -
.1
- :

:12
:21

)(

)(

" "

)(

Source : Elie Cohen, OP.Cit., p 427.

).( :
=.

1 - .90-89

109

.
-1
=

: ) (.
:.
-2
:.

=) - ()-1(.

-3 . :
=).-()-1(.

-4 )+( )(

.=.)+(.

. .)+( :

=). .+.-()-1(.
=]..)+.-([ )-1(.

:1
.=

..
.

.
.

.=].)+.-(

[ )-1(

Elie COHEN, OP.Cit., p.p 427-428.

110

).( ).( " "

) -( . :

).-( : -

: " ".
:1

: ).-(

:
: .
.4 :

.
.1.4 :

) (%100 ....

1 - .95-94

111

:22 .

100000

%100

80000

%100

)(60000

%60

)(40000

%50

40000

%40

40000

%50

)(5000

%5

)(4000

%5

)(10000

%10

)(6000

%7.5

25000

%25

30000

%37.5

)(5000

%5

)(4000

%5

20000

%20

26000

%32.5

)(%20

)(4000

%4

)(5200

%6.5

16000

%16

20800

%26

: .

.
.
.1
:
.1 : )( %60
)( %50 .
)(
1 - .97-96

112

.
)( )(
.
.2 ) ( :
%15 )( )(
%12.5 .
)( )( %2.5
)(.
.3 : )(
%26
)( %16 .
)( %10
.
.2.4 :

.
.
:

113

:23 .

2000

2001

3000000

3300000

300000

%10

2400000

2640000

240000

%10

600000

660000

60000

%10

40000

40000

10000

13000

3000

%30

50000

62500

12500

%25

500000

544500

44500

20000

24500

4500

%8.9
%22.5

480000

520000

40000

%8.33

)(%20

96000

104000

8000

%8.33

384000

416000

32000

%8.33

: .

:
.1 300000 %10

.
.2 : %10
.
.3 : 60000 %10
.
.4 %30
3000
.
.5 12500 %25
. %22.5
.
114

.6 32000 %8.33
.
:


.

.
.1 :


.
)
( .
. .
.1.1 :
) (
.
)( )( :
. = )(
+

115

.1
.2.1 :

. :
.
.
:
) (+ .
) (- .

) (+ .
) (- .

) (24
:
:24

) (

+
-

=0
=

= -

Source : Pierre Vernimmen, OP.Cit., p 69.

Pierre Vernimmen, OP.Cit., p 68.

116

.1
.3.1 :

)(
.

.2
.4.1 :




:3

) ( ) (
) ( .

Pierre Vernimmen, OP.Cit., p.p 68-69.

2 - -SAIDAL -

2009 .8
3
Pierre Vernimmen, OP.Cit., p.p 70-71.

117

) (25 ) (
) ( :
:25 .

.
- .

..+ .

= .
=-.
=.0

= .

= .

=-

+ .
-

= +
=-

= .

=-

= .

Source: Pierre Vernimmen, OP.Cit., p 71.

.2 :

.
:

.1.2 ":"A

.

:
118

.1.2.2 ":"B

) (
) (.2
.3.2 ":"C

)
(
.
: .
:
:
:

:

:

.
Pierre Vernimmen, OP.Cit., p.p 280-281.
2 .5

119

: .
.1
.4.2 :

.
. A . B . C : .D = A B + C :

." A-B+C =0 " :
""C
" "B " "A
" "A-B :
:A-B>0


:A-B=0
Pierre Vernimmen, OP.Cit., p.p 281-282.

120

" "A-B " "A

:A-B<0 .1
.3 :
:
.1.3 ):(FCF


"

".

.
.

.2

.

1 - .7-6
2 ) -(7
- 2008 .57
.(15:30-2012/02/20) www.kantakji.com/fiqh/Files/accountancy/7028.pdf

121

.1
.2.3 :



.2
:
:26 .

: - .166-165

.3.3 :


.
.
.3
:

http://www.acc4arab.com/acc/showthread.php?t=1621 (25/02/2012-17:00).
2 .165
3 .162

122

:27 .

.

.

: : - .163-162

.4.3 :

.1 :
:28 .

+

.

.



.

: : .56-55

1 .166

123

.4 :
) (



.
:1
- :

)(
)( :
:29 .

)(

23543
762

%96.86
%3.14

24305

%100.00

13900
5113
790
1134
1300

%56.83
%20.90
%3.23
%4.64
%5.31

)(

1000
1220

%4.09
%5

24457

%100.00

Source: Thomas R Robinson and others, OP.Cit., p 247.

Thomas R Robinson and others, OP.Cit, p 247.

.

124

: .

: . :

1250000.
:30 .

125000

%10

56000
4000

%4.48
%0.32

)(80000
)(84000
20000

)(%6.4
)(%6.72
%1.6

41000

%3.28

)(45000
35000

)(%3.6
%2.8

)(10000

)(%0.8

)(7000
)(5000

)(%0.56
)(%0.4

)(12000
19000

)(%0.96
%1.52

: .

125

19


.




.
:

:
.
:


.
.

126

:


.

.
" "

.

128

:

. ""
.
:
.1 :
1971 La BAZ et MERZU TORANDE

" "
".(La Pharmacie Centrale Algrienne) "PCA

1982 " "PCA

:1
:1 : " "ENPP

:2 : :
" "ENOPHARM " "ENCOPHARM - " "ENAPHARM.

:3 :
"."ENEMEDI
ENPP
SNIC
) (Socit nationale des industries chimiques . 1984
"".

1 .

129

1989
.
1993
.
1997
1998/02/02 97/085 "
".

1999 %20
800 .

.
2006/03/12 54 145
.1
2009 somedial %59
2010 TAPHCO %38.75 %44.41
%20 .2 IBERAL

.2 :
2500000000 .

.

.3

1 - .-
2008-2007 - .348-347
2
www.saidalgroup.dz/historique.asp (20/03/2012--16:30).
3 .348

130

.3 :


2010

.
2 .2011
15 . 7
) (2012
. 1
:11 .

Source : www.saidalgroup.dz/organisation.asp (21/03/2012-20:00).

RAPPORT du Conseil d'Administration Groupe Saidal, 2010, p 7.

131

5 1:
: .
.2
: 18
:

.
: :



.
: :

.
: .

RAPPORT du conseil d'administration SAIDAL, OP.Cit., p.p 17-28.

www.saidalgroup.dz/present-biotic.asp (24/03/2012-13:30).

132

1
2

: .1
:
.
) (galnique 40 .
: :
10

)
/(.
: 5
.
: 25 19 .

:2

:
1200 3 750
.
:
60 .

1 .354-353
2 .353-352

133

: ) (GPE
FINALEP 17000

2 18 3 :1
4
6
8 .
- :

.2
:
UCC 1996
.

UCE 1999
UCO .2000

:

24 1999 .

www.saidalgroup.dz/present-somedial.asp (26/03/2012-15:00).
2

.355

134

:
.1 :

. :
: 31 .

)(%

2009

2010

8130905

9553016

335774

952877

116804576784

2010/2009
17
13539-

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p17.

- : 2010 577

%39 .1

- : 762 2010

%7 .
:
:32 .

2009

2010

)(%

590

552

6-

)(

192

175

9-

)(

36

35

3-

818

762

7-

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p18.

RAPPORT du conseil d'administration SAIDAL, OP.Cit., p18.

135

.2 :
:33 -

2010/12/31

2009/12/31

:
.
.
.
.
.
.

6436147.18

4575687.85

4464985929.75
1051519715.41
606742102.95

199073588.05
484369011.87

1920336.22

:

.
.
.
.
.

12674469026.30

289460757.01

1860459.60

1742057.90

4464985929.75
852446127.36
122373091.08

12105711.45
50822282.63
148628742.10

1920336.22

1911636.22

12385008269.29

11458597888.42

1384928.25

1384928.25

1579923.50

977479044.51 18807458186.76

11675388242.22 17829979142.25

:
.

91906586.38

- .
.
.
.
.

4039658559.46
497343288.57
13473709.28

.
.

4652917.96
982880014.36
604555.00

87253668.42
3056778545.10
496738733.57
13473709.28

4474539518.19
543162665.44
11025760.31

18559989.19
1669027780.35

76896881.94

6329969913.23

5264935543.97 1065034369.26

17868112783.96 23094914686.22 2042513413.77 25137428099.99

18559989.19
1592130898.41

197662802.26

18559989.19
947773806.35
6192724541.74

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p 32.

136

:34 -.

2010/12/31

2009/12/31

:
.
.
.
.
.
.
- .

2500000000.00

2500000000.00

721204822.99
11602578.93

131728070.63
11602578.93

576783616.85
3478065.94

952876752.36
3478065.94

.1

3813069084.71

3599685467.86

.
.
) (.
.
.

308097868.76

308097868.76

5608758514.99

111333287.29

).(2

5916856383.75

419431156.05

:
.
.
.
.

9284834200.35
36821881.78
3753020706.79
290312428.84

9578703338.78
36971519.78
3964393209.95
268928091.54

).(3

13364989217.76

13848996160.05

23094914686.22

17868112783.96

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p33.

137

.3 :
: 35 .
2009/12/31
2010/12/31
8130905421.75
9553016324.06

.
.
.
.
.1 .

9553016324.06

8130905421.75

.
.

)(9417210930.89
)(252609855.55

)(7527979421.22
)(267152103.99

.2 .

)(9669820786.44

.3 ).(2-1

)(116804462.38

)(7795131525.21
335773896.54

.
.

)(578362342.29
)(150950037.96

)(536060343.82
)(153215272.44

.4 .

)(846116842.63
140323439.91

)(353501719.72
102864805.96

)(32216215.28
)(336049429.67
419694868.63

)(67643603.38
)(1041171536.54
367271710.14

)(654364179.04
1248461469.48

)(992180343.54
1962284279.46

.6 .

)(17313673.59
1231147795.89

)(17227183.56
1945057095.90

.7 ).(6+5

576783616.85

952876752.36

.
.
.
.
.5 .
.
.

.
)( .
.
.
.8 .

11361496102.08

10563326217.31

)(10784712485.23
576783616.85

)(9610449464.95
952876752.36

)( ) (.
)( ( ) (.
.9 .
.10

576783616.85

952876752.36

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p34.

138

.4 :
:36 .
2010/12/31
684239442.02

10
11
12
13

:
.
.
.
.

21

) (.

29

)(.

3
31
32
33
34
35
36

9271821762.50
7974895560.91
37504430.57
575182329.00

2009/12/31
)(61975047.51
8499637191.30
8519616909.16
41995329.65

1186707.40

1173603.78

685426149.42

)(60801443.73

.
.
.
.
.
.
.

8250989.76

25751073.70

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39

)(.

26124412.46

62051408.30

4
41
42
43
44

.
.
.
.
.

55076421.87

52870235.11

49

)(.

50

)(55076421.87
210864.76

)(52870235.11
488987.88

)++(.

656685004.77

.
.

644856861.61
1301541866.38

)(51131282.66
695988144.27
644856861.61

656685004.77

576783616.85

)(51131282.66
952876752.36

Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p35.

139

.5 :
:37 .

31

2500000000.00

485926136.57 11602578.93

.2008

.
.

.

.

)(350000000.00

.

).(tantime

.
.
31

)(720000.00

952876752.36
1088082888.93 11602578.93

2500000000.00

.2009

.
.

.

.
)(350000000.00

.
.
.
.
31

)(900000.00
)(12500000.00
576783616.85
1301466505.78 11602578.93

2500000000.00

. 2010
Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p36.

140

.6 : .
:2010:
2010
)(
.

)(
.

:
.2011

:01
814840.86 .
:02

) DIGROMED

4452880218.30
( 2009/06/17/95/07 .2009/06/17
:
587754486.30 - CTM

178421607.00
220000000.00
199566150.00
1432746900.00
983536700.00
850854375.00.
141

:03
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Source: RAPPORT du Conseil d'ADMINISTRATION Saidal, OP.Cit., p32.

150

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: :
I- Les ouvrages:

1- Alain Marion, Analyse financire concepts et mthodes. DUNOD, 3 dition, Paris,

France, 2004.
2- Ali Tadzait, Maitrise du systme comptable financier. dition ACG, Algrie, 2009.
3- Brunot COLMANT et autres, comptabilit financire normes IAS/IFRS. Pearson
ducation, paris, France, 2008.
3- Chantal Buissart et M.Benkaci, Analyse financire. BERTI Edition, Alger, Algrie,
2011.
4- Christian Hoarau, maitriser le diagnostic financier. groupe revue fiduciaire, 2 dition,
paris, 2001
5- Christophe Thibierge, analyse financire. Vuibert, 2 dition, Paris, France, 2007.
5- Elie Cohen, analyse financire. E.d ECONOMICA, 6 dition, paris, France, 2006.
6- Hubert de la Bruslerie, analyse financire information financire et diagnostic.
Dunod, 3 dition, Paris, France, 2006.
7- Jacqueline DELAHAYE Florence DELAHAYE, DCG6 Finance d'entreprise.
DUNOD, Paris, France, 2007.
8- J.F.des ROBERT et autres, Normes IFRS et PME. DUNON, Paris, France, 2004.
9- KPMG, GUIDE INVESTIR EN ALGERIE. Pixal communication, Alger, Algrie,
2011.
10- Nacer Eddine Saadi, analyse financire dentreprise mthodes et outils danalyse et
de diagnostic en normes franaise et internationales. lharmattan, paris, France, 2009.
11- Pierre Vernimmen, finance dentreprise. Dalloz, 8 dition, Paris, France, 2010.
192

12- RAPPORT du Conseil d'Administration Groupe Saidal, 2010.

13- Robert Obert, pratique des normes IFRS. Dunod, 3 dition, Paris, France, 2006.
14- Thomas R Robinson and others, International Financial Statement Analysis. jhon
wiley & son Inc, CFA Institute, Hoboken, New jersey, USA, 2009.
15- Yves-Alain Ach Catherine Daniel, FINANCE D'ENTREPRISE du diagnostic a la
cration de valeur. HACHETTE LIVRE, Paris, France, 2004.
II- Les thses:

1-Samir merouani, le projet du nouveau systme comptable financier algrien,

anticiper et prparer le passage du PCN 1975 aux normes IFRS. Mmoire de
magistre en science de gestion, cole suprieure du commerce, Alger, 2006-2007.
: :

1-http://nadwa.0-up.com/Aaa-aIaaE-b1/CaaCNaE-Eia-CaaIOO-CaaICOEi-a-CaaUCaCaaICOEi-CaaCai-b1-p5.htm.
2- http://www.acc4arab.com/acc//archive/index.php/t-2227.html .
3- http://www.aazs.net/t2558-topic.
4-http://www.saidalgroup.dz.

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218

Le rsum:
Ce mmoire vise tudier les effets de lapplication du
systme comptable financier sur les domaines et les dimensions
de lanalyse financire des tats financiers, en abordant tous les
aspects thoriques du sujet: le systme comptable financier et sa
relation avec les normes comptables internationales, la
prsentation des tats financiers selon le systme comptable
financier, le cadre thorique de lanalyse financire des tats
financiers, et finalement les domaines et les dimensions de
lanalyse financire des tats financiers. Et pour connaitre
limpact de cette tude on a appliqu les mthodes et les outils
de lanalyse financire sur les tats financiers de lentreprise
Saidal mre.
Et travers cette tude on a abouti plusieurs rsultats,
principalement que les tats financiers selon le systme
comptable financier servent lanalyse financire des tats
financier, car ces tats visent donner des informations sur la
situation financire, la performance et la variation de la situation
financire des entreprises.
Mots cls: normes comptables internationales, plan comptable national,
systme comptable financier, tats financiers, analyse financire.

219

The Abstract :
This dissertation aims to study the effects of financial
accounting system on financial statement analysis dimensions
and areas, and that by addressing the theoretical aspects of the
subject: financial accounting system and its relationship with the
international accounting standards, presenting the financial
statement in accordance with the financial accounting system,
the theoretical framework of financial statement analysis, and
finally the areas and dimensions of financial statement analysis.
And in order to know the impact of this study we applied
financial analysis tools and methods on saidals financial
statement.
And through this study we led to several results mainly
that the financial statement according to financial accounting
system serve financial statement analysis, because these states
provide information about performance, financial position, and
changes in financial position of companies.
Key words: international accounting standards, national accounting plan,
financial accounting system, financial statement, financial analysis.

220