EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5

Notes to the consolidated fi nancial statements

Equity and liabilities

IFRS 16 impact

09/30/2020 as reported

09/30/2020 restated

Notes

09/30/2019

(in € thousands)

Shareholders’ equity Capital

16,970

16,970

16,970

12

Other reserves

335,341

335,341

337,885

Treasury shares

(91)

(91)

(80)

Net income for the fi scal year

(10,687)

66

(10,622)

4,096

Shareholders’ equity attributable to owners of the parent

341,532

66

341,598

358,870

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

11

11

11

Share of net income

4

4

3

Total attributable to non-controlling interests

15

-

15

14

TOTAL SHAREHOLDER’S EQUITY

341,457

66

341,613

358,884

Non-current liabilities Non-current provisions

45,971

45,971

47,072

13

Long-term fi nancial debt

53,923

(8,397)

45,526

57,081

14 & 15

Deferred tax liabilities

5,553

5,553

4,597

TOTAL NON-CURRENT LIABILITIES

105,447

(8,397)

97,050

108,751

Current liabilities Current provisions

10,889

10,889

16,499

13

Current portion of long-term debt

78,946

(4,598)

74,348

52,704

14 & 15

Current bank facilities and overdrafts

54,022

54,022

41,052

14 & 15

Trade payables

59,463

59,463

48,938

Contractual liabilities and deferred income

28,514

28,514

26,664

Current tax liabilities

14,656

14,656

9,392

Other current liabilities

71,144

71,144

47,785

16

TOTAL CURRENT LIABILITIES

317,635

(4,598)

313,037

243,034

TOTAL EQUITY AND LIABILITIES

764,629

(12,929)

751,700

710,669

generally presumed to exist when the Group has more than 50% of the voting rights of the controlled company. Companies in which EXEL Industries exercises a material in fl uence are accounted for using the equity method. Signi fi cant in fl uence is an ability to participate in the fi nancial and operating policy decisions of an enterprise though without exercising control over its policies. It is presumed to exist when the Group directly or indirectly holds between 20% and 50% of the voting rights. Receivables, payables, and reciprocal assets and liabilities are fully eliminated between fully consolidated companies as well as intra-Group pro fi ts and losses (dividends, capital gains, margins on inventory). Business combinations Business combinations are recognized on the basis of the acquisition method of accounting, according to the principles of IFRS 3 – Business Combinations. The possible assets, equity and liabilities of the acquired company are recognized at their fair value. 1.3

Initial application of IFRIC 23 – Uncertainty over Income Tax Treatments IFRIC 23 clarifies the recognition and measurement principles applicable to tax risks relating to income tax when there is uncertainty about the treatment used by an entity in that respect, with regard to the applicable tax provisions. This interpretation, adopted by the European Union in October 2018, is applicable from October 1, 2019 and had no impact on equity in the opening balance sheet for the year. The consolidated financial statements of EXEL Industries were approved by the Board of Directors on December 16, 2020.

1.2

Basis of consolidation & scope (see note 2)

Companies over which EXEL Industries exercises exclusive control are fully consolidated. Exclusive control is defined as an ability to govern directly or indirectly the fi nancial and operating policy decisions of the enterprise so as to bene fi t from its activities. It is

EXEL Industries group I 2020 Universal Registration Document

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