NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

4-2-2:

Changes in intangible assets

IT implementation costs

Concessions, rights

Development expenses

Software

Other

Total

Gross value at 31 January 2017

35.3

136.4

215.4

57.6

73.8

518.5

Acquisitions/capitalization

0.0

3.8

27.9

1.4

1.8

34.9

Scope variation

-

(0.8)

(7.6)

(0.1)

(6.0)

(14.5)

Disposals

(0.0)

(1.0)

(0.1)

(0.0)

(0.2)

(1.3)

Other changes

-

0.9

0.0

0.0

(0.6)

0.3

Translation difference

(0.5)

(8.6)

(6.0)

(0.3)

(6.0)

(21.4)

Gross value at 31 January 2018

34.8

130.7

229.6

58.6

62.8

516.5

Acquisitions/capitalization

0.1

2.6

29.2

-

1.7

33.6

Scope variation

0.0

(8.6)

(21.8)

(0.6)

(14.1)

(45.1)

Disposals

-

(0.8)

(1.6)

-

(0.1)

(2.5)

Other changes

-

0.9

-

(1.4)

(0.7)

(1.2)

Translation difference

0.0

3.2

2.0

0.1

1.4

6.7

Gross value at 31 January 2019

34.9

128.0

237.4

56.7

51.0

508.0

Cumulative amortization

(31.5)

(107.6)

(154.5)

(45.6)

(30.7)

(369.9)

NET BOOK VALUE AT 31 JANUARY 2019

3.4

20.4

82.9

11.1

20.3

138.1

The change in intangible fixed assets is due mainly to the capitalization of development costs and IT projects implementation.

IT implementation costs

Concessions, rights

Development expenses

Software

Other

Total

Amortization at 31 January 2017

30.5

94.8

117.8

15.5

36.7

295.3

Charges

0.6

11.5

24.9

3.2

5.6

45.8

Scope variation

-

(0.8)

(2.9)

(0.1)

(5.1)

(8.9)

Disposals

-

(0.3)

-

-

(0.2)

(0.5)

Other changes

-

-

-

5.7

-

5.7

Translation difference

(0.2)

(6.2)

(1.8)

(0.2)

(3.5)

(11.9)

Amortization at 31 January 2018

30.9

99.0

138.0

24.1

33.5

325.5

Charges

0.6

12.8

25.7

0.3

5.1

44.5

Scope variation

-

(6.5)

(9.9)

(0.5)

(9.9)

(26.8)

Disposals

-

(0.5)

-

(0.1)

(0.0)

(0.6)

Other changes

-

-

-

21.7

1,0

22.7

Translation difference

-

2.8

0.7

0.1

1.0

4.6

AMORTIZATION AT 31 JANUARY 2019

31.5

107.6

154.5

45.6

30.7

369.9

As of 31 January 2019, a depreciation of 21.7 million euros is recorded following the overhaul of the project of common IT tools roll-out in Europe. This depreciation is part of the line "Other changes". As at 31 January 2018, a depreciation of

5.7million euros was recorded due to the abandonment of a project of implemention of a web platform for small and

medium enterprises.

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REGISTRATION DOCUMENT 2018 / NEOPOST