EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements 4

Notes to the consolidated fi nancial statements

Equity and liabilities

IFRS c 15 impact

09/30/2019 Published

09/30/2019 Restated

Notes

09/30/2018

(in € thousands)

Shareholders’ equity Capital

16,970

-

16,970

16,970

12

Other reserves

337,885

2,466

340,351

306,635

Treasury shares

(80)

-

(80)

(136)

Net income for the fi scal year

4,096

(21)

4,074

39,218

Shareholders’ equity attributable to the Group

358,870

2,445

361,315

362,687

Attributable to non-controlling interests: Share of shareholders’ equity

11

-

11

11

Share of net income

3

-

3

3

-

Total attributable to non-controlling interests

14

14

15

TOTAL EQUITY

358,884

2,445

361,329

362,701

Non-current liabilities Non-current provisions

47,072

-

47,072

44,146

13

Long-term fi nancial debt

57,081

-

57,081

68,204

14 & 15

Deferred tax liabilities

4,597

-

4,597

3,461

-

TOTAL NON-CURRENT LIABILITIES

108,751

108,751

115,811

Current liabilities Current provisions

16,499

-

16,499

4,351

13

Current portion of long-term debt

52,704

-

52,704

49,734

14 & 15

Current bank facilities and overdrafts

41,052

-

41,052

45,985

14 & 15

Trade payables

48,938

-

48,938

62,389

Contractual liabilities and deferred income

26,664

(17,225)

9,439

5,311

Current tax liabilities

9,392

39

9,431

6,421

Other current liabilities

47,785

-

47,785

56,137

16

TOTAL CURRENT LIABILITIES

243,034

(17,186)

225,849

230,326

TOTAL EQUITY AND LIABILITIES

710,669

(14,740)

695,929

708,839

asset and a lease liability (waived for lessees who are classi fi ed as having simple leases or fi nance leases). This new standard applies to fi scal years beginning on or after January c 1, c 2019. As a lessee, the Group’s main commitments are real estate leases and vehicle rentals. The Groupwill complete the transition to IFRS c 16 using the simpli fi ed retrospective method. At October c 1, 2019, the amount of the lease liability will be calculated by discounting the residual rents with the rates corresponding to the estimated duration of the contracts. The corresponding rights of use will be recognized for an amount equal to that of the lease liability. The fi rst application of IFRS c 16 will thus have no impact on the amount of the Group’s shareholders’ equity at October c 1, 2019. In accordance with the options o ff ered by IFRS c 16, the Group will apply the following exemptions and simpli fi cation measures: „ short-term leases and leases involving low-value assets will not be restated; „ leases with a residual duration of less than 12 c months will be considered as short-term leases and will not be subject to any restatement.

First application of IFRS c 9 – Financial instruments IFRS c 9 replaced IAS c 39 from October c 1, 2018. The Group’s interest in investment funds whose fair value change is recognized in the income statement is of very low materiality. The newmodel for recognizing credit risk does not materially change the amount of the impairment provisions for customer accounts (note c 9). The Group’s entities have opted for the “simpli fi ed approach” by using a provisioning matrix in order to include the expected credit Standards and interpretations adopted by the European Union but that have not yet come into force IFRS c 16 – Leases On January c 13, 2016, the IASB published a new standard on lease accounting. This standard, which replaces IAS c 17 and its interpretations, will the majority of leases to be recognized on lessees’ balance sheets using a single model, in the form of a right-of-use losses in the provisioning of unpaid receivables. The Group has no hedging instruments at closing.

EXEL Industries Group I 2019 Universal Registration Document

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