NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Consolidated financial statements

Notes to the consolidated financial statements

Financial statements for the years ended 31 January 2018 and 31 January 2017.

The consolidated financial statements were approved by the Board of directors on 26 March 2018.

Unless otherwise indicated, all amounts stated hereafter are in million of euros, rounded to one decimal place. Therefore, the sum of rounded amounts may present immaterial differences with the total shown. Some amounts as at 31 January 2017 have been reclassified to be comparable with the presentation adopted as at 31 January 2018.

Table of contents of notes to the consolidated financial statements

Note 1

Presentation of the Neopost group and its consolidated financial statements

107

Note 8

Cash flow details

133 133 133 133 133 134 134 134 135 137 139

8-1: 8-2: 8-3: 8-4:

Expenses (income) with no cash effect

Working capital variation Financial investments

1-1: 1-2:

History

107 107 107 107 108 108

Main events of the period

New borrowings and repayment

of borrowings

Note 2

Accounting policies

2-1: 2-2: 2-3:

Accounting standards applied

Note 9

Headcount and employee benefits

Use of estimates

9-1: 9-2: 9-3: 9-4: 9-5:

Headcount

Foreign currency payables

Employee benefits

and receivables

Retirement benefit obligations

2-4:

Translation of financial statements denominated in foreign currencies

108

Share-based payments

Long term incentives (phantom

Note 3

Scope and principles of

109

shares)

consolidation

9-6:

Executive compensation

140

3-1:

Accounting policies relating to the

109

scope of consolidation

Note 10

Other provisions, contingent liabilities and other non-current debts

140

3-2: 3-3:

Changes in the scope of consolidation Other information relating to the

109 109

scope of consolidation

10-1: 10-2: 10-3:

Other provisions

140 141 141

3-4:

Other information relating to the

110

Contingent liabilities Other non-current debts

scope of consolidation

3-5:

Organization chart of the Group

114

Note 11

Financial instruments, financial debts and risk management Breakdown of the balance sheet by

142

Note 4

Intangible assets, tangible assets and other non-current assets

116

11-1:

142

4-1: 4-2: 4-3: 4-4: 4-5:

Goodwill

116 117 119 121 121

financial instruments Financial debt analysis

Intangible assets Tangible assets

11-2 11-3 11-4

143 147 148 157 157 157 157 158

Financial income and expenses

Other non-current financial assets

Risk management

Impairment test

Note 12 

Tax position

Note 5

Assets held for sale

123

12-1 12-2 12-3 12-4

Accounting principles

Main tax rates

Note 6

Operating data

123 123 125 128 128 129 129

Tax proof

6-1: 6-2: 6-3: 6-4: 6-5: 6-6: 6-7: 6-8:

Sales

Deferred tax assets and liabilities

Accounts receivable and lease

receivables

Note 13

Shareholders’ equity and earnings

159

Current operating income and EBITDA Breakdown of expenses by categories Inventories and work in progress

per share

13-1 13-2 13-3

Shareholders’ equity

159 159 160

Equity instruments issued

Expenses and gains related to

Earnings per share

acquisitions

Note 14

Post-closing events

161

Other operational expenses Off-balance sheet commitments related to operational data

130 130

Note 15

Fees paid to the statutory auditors and members of their networks

161

Note 7

Segment information

130

106

REGISTRATION DOCUMENT 2017 / NEOPOST

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