NEOPOST - 2018 Registration document

6

Financial statements

Neopost S.A. statements of financial position

Neopost S.A. statement of cash flow

(In million of euros)

31 January 2019

31 January 2018

Net income

38.5

78.9

Depreciation and amortization expenses (reversal)

21.8

8.7

Contingency and loss provision (reversal)

47.4

11.3

Capital gains or loss on disposal of fixed assets

10.9

-

Gains and losses on changes in fair value

(12.9)

9.0

Cash flow from operations

105.7

107.9

(Increase) decrease in accounts receivable

1.8

8.0

Increase (decrease) in accounts payable

29.0

(4.8)

(Increase) decrease in other operating payables and receivables

(26.7)

22.7

Cash flow from operating activities (A)

109.8

133.8

Investments in intangible fixed assets

-

-

Investments in tangible fixed assets

(0.1)

(0.5)

Securities acquired and (increase) decrease in loans granted

11.0

(31.8)

Sub-total investments

10.9

(32.3)

Disposals of fixed assets

-

-

Cash flow from investment activities (B)

10.9

(32.3)

Dividends paid

(58.5)

(58.5)

New financial debts

-

204.7

Repayment of borrowings

(26.7)

(159.7)

Net change in other debts and accrued interest not yet matured

0.1

1.9

Cash flow from financing activities (C)

(85.1)

(11.6)

Impact of exchange rate changes on cash and cash equivalents (D)

6.6

(8.0)

Change in net cash & cash equivalents (A) + (B) + (C) + (D)

42.2

81.9

Opening cash & cash equivalents

108.3

26.4

CLOSING CASH & CASH EQUIVALENTS

150.5

108.3

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

Change in Neopost S.A. shareholders’ equity

Additional paid-in capital

Number of shares

Share capital

Par value

Reserves

Total

Shareholders’ equity at 31 January 2017

EUR 1 34,562,912

34.6

52.9

256.0 343.5

2016 Dividends – balance payment

-

-

-

-

(31.0)

(31.0)

2017 Interim dividend payment

-

-

-

-

(27.5)

(27.5)

Net income

-

-

-

-

78.9

78.9

Shareholders’ equity at 31 January 2018

EUR 1 34,562,912

34.6

52.9

276.4 363.9

2017 Dividends – balance payment

-

-

-

-

(31.0)

(31.0)

Net income

-

-

-

-

38.5

38.5

SHAREHOLDERS’ EQUITY AT 31 JANUARY 2019

283.9 371.4

EUR 1 34,562,912

34.6

52.9

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

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REGISTRATION DOCUMENT 2018 / NEOPOST