NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

6-1-2: Sales breakdown as follows:

Sales breakdown

•

By division

31 January 2019

31 January 2018

Enterprise Digital Solutions

146.9

135.9

Neopost Shipping

65.6

57.2

SME Solutions

904.7

941.6

Eliminations

(25.3)

(23.0)

TOTAL

1,091.9

1,111.7

•

By type of revenue

31 January 2019

31 January 2018

Equipment and licenses sales

332.4

353.5

Recurring revenue

759.5

758.2

TOTAL

1,091.9

1,111.7

•

By geographic region

31 January 2019

31 January 2018

North America

483.5

493.2

Europe

526.5

530.3

Rest of the world

81.9

88.2

TOTAL

1,091.9

1,111.7

6-2:

Accounts receivable and lease receivables

6-2-1:

Accounting principles

Accounts receivable are recognized and recorded at the initial amount of the invoice. Accounts receivable may be written down for impairment. Depreciation is recognized as soon as a credit loss is expected. Expected credit losses are estimated taking into account historical loss experience, the

age of the receivable and a detailed risk assessment. Unrecoverable receivables are recognized as losses when

they are identified as such.

6-2-2:

Receivables detail

31 January 2019

31 January 2018

Accounts receivable Gross value

247.8

261.1

Depreciation

(18.0)

(17.6)

Total

229.8

243.5

Lease receivables Short term

288.1

284.7

Long term

428.7

436.2

Gross value

716.8

720.9

Depreciation

(10.6)

(10.3)

Total

706.2

710.6

TOTAL

936.0

954.1

135

REGISTRATION DOCUMENT 2018 / NEOPOST