NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Consolidated financial statements

6-2-3:

Receivable ageing

31 January 2018

31 January 2017

Accounts receivable – Gross value Not overdue

138.7

152.7

Overdue:

122.4

135.0

• • • • • •

< 30 days

47.7

62.7

31-60 days

20.5

21.1

61-90 days

14.1

11.7

91-180 days

13.2

12.4

181-360 days

10.3

10.9

> 360 days

16.6

16.2

TOTAL

261.1

287.7

Credit risk is limited because of the diversity and the very high number of customers, as well as the low unit value of each contract.

6-2-4:

Accounts receivable depreciation

31 January 2018

31 January 2017

Accounts receivable – Depreciation Depreciation at the beginning of the year

18.9

20.7

Charges

4.5

3.5

Used

(4.3)

(5.0)

Not used

(0.5)

(0.3)

Translation difference

(1.0)

(0.0)

TOTAL

17.6

18.9

6-2-5:

Financing leases

31 January 2018

31 January 2017

Non-current receivables Financing leases – gross receivables

521.3

593.3

Unearned financial income

(85.1)

(96.9)

Total

436.2

496.4

Current receivables Financing leases – gross receivables

339.8

374.3

Unearned financial income

(55.1)

(61.5)

Total

284.7

312.8

Gross receivables on financing leases Less than one year

339.8

374.3

One to five years

513.1

584.2

More than five years

8.2

9.1

Total gross value

861.1

967.6

Unearned financial income on financing leases

(140.2)

(158.4)

Net investment in financing leases Less than one year

284.7

312.8

One to five years

428.2

487.6

More than five years

8.0

8.8

TOTAL

720.9

809.2

The information regarding the contingent rents recognized in the income of the period required by IAS 17 and related to finance lease lessors does not apply to Neopost.

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REGISTRATION DOCUMENT 2017 / NEOPOST