NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

Consolidated income statement

(In million euros)

Notes

31 January 2019

31 January 2018

Sales

(6-1)

1,091.9

1,111.7

Current operating expenses Cost of sales

(271.9)

(279.3)

Research and development expenses

(56.9)

(56.9)

Sales and marketing expenses

(274.1)

(279.6)

Administrative expenses

(194.4)

(194.9)

Service and other operating expenses

(94.5)

(99.9)

Employee profit-sharing, share-based payments

(0.8)

1.2

Expenses related to acquisitions

(6-6)

(17.2)

(11.3)

Total current operating expenses

(6-4)

(909.8)

(920.7)

Current operating income

(6-3)

182.1

191.0

Structure optimization expenses – net of reversals

(6-7)

(13.1)

(13.2)

Proceeds from asset sales

(6-8)

6.2

(0.1)

Other operational expenses and income

(6-9)

(17.7)

(11.3)

Operating income

157.5

166.4

Interest expenses

(32.0)

(34.5)

Interest income

0.8

2.2

Net cost of debt

(31.2)

(32.3)

Losses on foreign exchange

(4.5)

(15.0)

Gains on foreign exchange

4.7

12.6

Net gains (losses) on foreign exchange

0.2

(2.4)

Other financial gains

0.5

0.1

Other financial losses

-

-

Income before tax

127.0

131.8

Share of results of associated companies

1.4

1.7

Income taxes

(12-3)

(36.8)

(0.8)

NET INCOME

91.6

132.7

Attributable to:

• •

holders of the parent company

91.5

133.8

non-controlling interests

0.1

(1.1)

NET EARNINGS PER SHARE (IN EUROS)

2.40

3.62

(13-3)

DILUTED NET EARNINGS PER SHARE (IN EUROS)

2.27

3.35

(13-3)

The following notes form an integral part of the consolidated financial statements.

112

REGISTRATION DOCUMENT 2018 / NEOPOST