Eurazeo / 2019 Universal Registration Document

Financial Statements Consolidated Financial Statements for the year ended December 31, 2019

OPERATING DATA NOTE 4

Revenue 4.1. Eurazeo Groupconsolidated revenuetotals €4,681 million for2019 comparedwith €4,366 million for2018.

The increase in revenue is primarily due to changes in the scope of consolidation (the DORC, Elemica and EFESO groups are not included in the 2018 scope of consolidation and the C2S and WorldStrides groups are included for a full 12 months in 2019), offset by the exit of the Asmodee, Vignal andOdealim groups in2018.

Other income 4.2. Other incomein 2018 and 2019breaks down as follows:

Note

2019

2018

(In thousandsof euros)

Capital gains (losses) and isposalcosts

305,863

416,414 (4,349) 136,741 71,865

Fair valuegains(losses)on investment properties Fair valuegains(losses)on financial assets

7

(43)

8.2

132,088 24,707 462,614

Other incomeandexpenses

OTHERINCOME

620,670

The decrease in Other income and expenses is mainly due to the decrease in rebillingswith the MondelezGroup concerningCPK under the Buy Back contract (resumption of product distribution) for €40.0 million. Capital gains (losses) on thesecuritiesportfolio 4.2.1. Capital gains on the securities portfolio in 2019 primarily concern the full disposal of Elis shares (€34.4 million before the release of foreign currency translation reserves to profit or loss), Moncler shares (€92.0 million, net of disposal costs), Neovia (€94.7 million, net of disposal costs and before the release of foreign currency translation and hedgingreserves), and Smile (€34.0 million). The net gain on disposal/deconsolidation( i.e. net of foreign currency translation and hedging reserves released to profit or loss) was €282.2 million,including€20.4 millionfor Elis, €91.9 millionfor Moncler and €87.1 million forNeovia. In 2018, capital gains on the securities portfolio primarily concerned the partial disposal of Moncler shares (€19.4 million, net of disposal

costs and before the release of reserves to profit or loss) and the sale of the entire investment in the AccorHotels (€27.3 million), Asmodee (€252.0 million,net of disposal costs and before the release of foreign currency translation and hedging reserves to profit or loss), Banca Leonardo,Desigual,Vignal and Odealimgroups. In 2018, the net gain on disposal/deconsolidation( i.e. net of foreign currency translation and hedging reserves released to profit or loss) is €401.2 million, including €236.8 million for Asmodee, €37.0 million for Odealim, €31.6 millionfor Vignal, €27.3 millionfor AccorHotelsand €24.0 millionfor Desigual. Fair value gains(losses) on financial assets 4.2.2. Fair value gains and losses on financial assets mainly concern the Eurazeo Growth and Eurazeo Development investment strategies (see Note 8.2). In 2018, fair value gains and losses on financial assets mainly concernedthe remaining Monclershares and Eurazeo Growthshares.

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