EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

5.2 Changes in accumulated depreciation during the fi scal year

09/30/2018

09/30/2019

(in € thousands)

ACCUMULATED DEPRECIATION AT THE BEGINNING OF THE FISCAL YEAR

266,453

256,215

Increases in the fi scal year

13,682

13,879

Change in Group structure

-

-

Reversals of disposals or decommissioned assets

(27,867)

(2,068)

Impact of foreign exchange and misc.

1,152

(1,572)

ACCUMULATED DEPRECIATION AT THE END OF THE FISCAL YEAR

253,420

266,453

The lines “Impact of foreign exchange and miscellaneous” include reclassi fi cations between gross amounts and depreciation.

4

Note c 6 Investments in associates

09/30/2018

09/30/2019

(in € thousands)

OPENING NET VALUE

3,261

3,192

Acquisitions

-

-

Change in Group structure

-

-

Share in earnings of equity-accounted associates

258

410

Dividend distribution

-

(341)

Disposals/deconsolidation

-

-

Other net changes (incl. foreign exchange)

-

-

CLOSING NET VALUE

3,519

3,261

This concerns POMMIER, a company 47% held by Groupe HARDI France, a direct subsidiary of HARDI International AS.

Note c 7 Non-current fi nancial assets

09/30/2018

09/30/2019

Net

Gross

Impairment

Net

(in € thousands)

Equity interests

414

-

414

318

Receivables on equity interests

-

-

-

-

Other equity securities

3

(1)

2

2

Loans

40

-

40

43

Other non-current fi nancial assets

1,278

(187)

1,091

1,147

TOTAL

1,736

(188)

1,548

1,511

Other non-current fi nancial assets mainly include security deposits.

EXEL Industries Group I 2019 Universal Registration Document

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