NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

Transfer prices between divisions are the prices that would have been set under normal competitive conditions, as for a transaction with third parties. Amounts recognized during the year but which had no effect on Group cash (before amortization, depreciation and provisions) mainly relate to amounts in respect of share-based payments, represent an expense of 0.7 million euros compared with a profit of 0.6 million euros in 2017.

The financial result is mainly due to the financial costs associated with each line of debt. The breakdown of the impacts of hedge accounting is presented in note 11 for the portion of derivative financial instruments related to foreign exchange and interest rates.

The balance sheet breaks down by segment as follows:

Enterprise Digital Solutions

Neopost Shipping

SME Solutions

31 January 2019

Other

Segment assets

322.7

35.1

2,308.0

167.1

2,832.9

TOTAL ASSETS

2,832.9

Segment liabilities

83.4

44.0

629.1

829.0

1,585.5

Equity

1,247.4

TOTAL LIABILITIES

2,832.9

Enterprise Digital Solutions

Neopost Shipping

SME Solutions

31 January 2018

Other

Segment asset

369.9

56.2

2,223.2

133.2

2,782.5

Total assets

2,782.5

Segment liabilities

108.9

34.0

604.3

866.1

1,613.3

Equity

1,169.2

Total liabilities

2,782.5

The column “Other” comprises the net financial debt of Neopost S.A. and certain assets that cannot be allocated to any other division.

Other segment items break down by sector as follows:

Enterprise Digital Solutions

Neopost Shipping SME Solutions

31 January 2019

Investments of the period Tangible assets

0.9

15.2

38.2

54.3

Intangible assets

20.6

2.0

11.0

33.6

TOTAL INVESTMENTS

21.5

17.2

49.2

87.9

Amortization of the period Tangible assets

0.5

5.9

39.4

45.8

Intangible assets

21.3

3.7

19.5

44.5

TOTAL AMORTIZATION

21.8

9.6

58.9

90.3

IMPAIRMENT

-

-

-

-

Enterprise Digital Solutions

Neopost Shipping SME Solutions

31 January 2018

Investments of the period Tangible assets

0.7

27.7

35.5

63.9

Intangible assets

22.5

2.2

10.2

34.9

Total investments

23.2

29.9

45.7

98.8

Amortization of the period Tangible assets

0.7

2.7

44.5

47.9

Intangible assets

18.3

3.8

23.7

45.8

Total amortization

19.0

6.5

68.2

93.7

Impairment

-

-

-

-

142

REGISTRATION DOCUMENT 2018 / NEOPOST