NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

Notes to the consolidated financial statements

Financial statements for the years ended 31 January 2019 and 31 January 2018.

The consolidated financial statements were approved by the Board of directors on 25 March 2019.

Unless otherwise indicated, all amounts stated hereafter are in million of euros, rounded to one decimal place. Therefore, the sum of rounded amounts may present immaterial differences with the total shown. Some amounts as at 31 January 2018 have been reclassified to be comparable with the presentation adopted as at 31 January 2019.

Notes to the consolidated financial statements

Note 1

Presentation of the Neopost group and its consolidated financial statements

117

Note 8

143 143 143 143 143 144 144 144 145 147 149

Cash flow details

8-1: 8-2: 8-3: 8-4:

Expenses (income) with no cash effect

Working capital variation Impact of changes in scope New borrowings and repayment

1-1: 1-2:

History

117 117 117 117 118 118

Main events of the period

of borrowings

Note 2

Accounting principles

Note 9

Headcount and employee benefits

2-1: 2-2: 2-3:

Accounting standards applied

Use of estimates

9-1: 9-2: 9-3: 9-4: 9-5:

Headcount

Foreign currency payables

Employee benefits

and receivables

Retirement benefit obligations

2-4:

Translation of financial statements denominated in foreign currencies

118

Share-based payments

Long term incentives (phantom

shares)

Note 3

Scope and principles of

119

consolidation

9-6:

Executive compensation

150

3-1:

Accounting policies relating to the

119

Note 10

Other provisions, contingent liabilities and other non-current debts

150

scope of consolidation

3-2: 3-3: 3-4: 3-5:

Changes in the scope of consolidation Other information relating to the

119 119 120 124

10-1: 10-2: 10-3:

Other provisions

150 151 151

scope of consolidation List of subsidiaries

Contingent liabilities Other non-current debts

Organization chart of the Group

Note 11

Financial instruments, financial debts and risk management Breakdown of the balance sheet by

152

Note 4

Intangible assets, tangible assets and non-current financial assets

126

11-1:

152

4-1: 4-2: 4-3: 4-4: 4-5:

Goodwill

126 127 129 131 131

financial instrument Financial debt analysis

Intangible assets Tangible assets

11-2: 11-3: 11-4:

153 157 158 166 166 166 166 167

Financial income and expenses

Non-current financial assets

Risk management

Impairment test

Note 12

Tax position

Note 5

Assets held for sale

133

12-1: 12-2: 12-3: 12-4:

Accounting principles

Main tax rates

Note 6

133 133 135 138 138 139 139

Operating data

Tax proof

6-1: 6-2: 6-3: 6-4: 6-5: 6-6:

Sales

Deferred tax assets and liabilities

Accounts receivable and lease

receivables

168

Note 13

Shareholders’ equity and earnings

Current operating income and EBITDA Breakdown of expenses by category Inventories and work in progress

per share

13-1: 13-2: 13-3:

Shareholders’ equity

168 168 169

Equity instruments issued

Expenses and gains related to

Earnings per share

acquisitions

6-7:

Structure optimization expenses - net

140

Note 14

Post-closing events

170

of reversals

6-8: 6-9:

Disposals of assets

140 140

Note 15

Fees paid to the statutory auditors and members of their networks

170

Other operational expenses and

income

6-10:

Off-balance sheet commitments related to operational data

140

Note 7

Segment information

141

116

REGISTRATION DOCUMENT 2018 / NEOPOST