NEOPOST_REGISTRATION_DOCUMENT_2017
5
Financial statements
Consolidated financial statements
Consolidated income statements
(In million euros)
Notes
31 January 2018
31 January 2017
Sales
(6-1)
1,111.7
1,158.7
Current operating expenses Cost of sales
(279.3)
(293.3)
research and development expenses
(56.9)
(52.0)
Sales and marketing expenses
(279.6)
(293.0)
Administrative expenses
(194.9)
(197.1)
Service and other operating expenses
(99.9)
(106.8)
Employee profit-sharing, share-based payments
1.2
(0.5)
Expenses related to acquisitions
(6-6)
(11.3)
(13.1)
Total current operating expenses
(6-3)
(920.7)
(955.8)
Current operating income
(6-3)
191.0
202.9
Proceeds from asset sales
(0.1)
(0.0)
Structure optimization expenses – net of reversals
(10-1)
(13.2)
(15.3)
Other operational expenses
(6-7)
(11.3)
(6.7)
Operating income
166.4
180.9
Interest expenses
(34.5)
(31.3)
Interest income
2.2
1.6
Net cost of debt
(32.3)
(29.7)
Losses on foreign exchange
(15.0)
(5.8)
Gains on foreign exchange
12.6
5.0
Net gains (losses) on foreign exchange
(2.4)
(0.8)
Other financial gains
0.1
-
Other financial losses
-
-
Income before tax
131.8
150.4
Share of results of associated companies
1.7
1.3
Income taxes
(12-3)
(0.8)
(37.7)
NET INCOME
132.7
114.0
Attributable to:
• •
holders of the parent company
133.8
118.2
non-controlling interests
(1.1)
(4.2)
NET EARNINGS PER SHARE (IN EUROS)
3.62
3.17
(13-3)
DILUTED NET EARNINGS PER SHARE (IN EUROS)
3.35
2.97
(13-3)
following notes form an integral part of the consolidated financial statements. The
102
REGISTRATION DOCUMENT 2017 / NEOPOST
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