QUADIENT - 2019 Universal Registration Document
FINANCIAL STATEMENTS Consolidated financial statements
United Kingdom -Ireland Innovation
France- Benelux
North America DACH-IT
Major Operations
Additional Operations
31 January 2019
Total sales
1,091.9
210.8 446.4 126.0 102.8
0.1
886.1
205.8
Segment income
199.3
52.5 104.2
28.8
24.8
(4.3)
206.0
(6.7)
23.2 %
(3.3) %
18.2 %
24.9 %
23.3 %
22.9 %
24.1 %
in percentage
n/a
Expenses related to acquisitions
(17.2)
Current operating income
182.1
Structure optimization expenses
(13.1)
Proceeds from net assets sales
6.2
Other operational expenses and income
(17.7)
Operating income
157.5
Financial result
(30.5)
Share of results of associated companies
1.4
Income taxes
(36.8)
NET INCOME
91.6
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, same amount as 2018. 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 12 for the portion of derivative financial instruments related to foreign exchange and interest rates.
6
The balance sheet breaks down by segment as follows:
United Kingdom -Ireland
France- Benelux
North America DACH-IT
Major Operations
Additional Operations
31 January 2020
Other
Segment assets
1,018.7 883.5 212.8 264.3
2,379.3
99.4 636.6 3,115.3
TOTAL ASSETS
3,115.3
Segment liabilities
141.8 275.9 64.8
95.1
577.6
77.6 1,211.5 1,866.7
Equity
1,248.6
TOTAL LIABILITIES
3,115.3
United Kingdom -Ireland
France- Benelux
North America DACH-IT
Major Operations
Additional Operations
31 January 2019
Other
Segment assets
996.4 835.3 203.9 251.6
2,287.2
182.1
363.6 2,832.9
Total assets
2,832.9
Segment liabilities
155.2 249.5 63.7
75.6
544.0
72.2
969.3 1,585.5
Equity
1,247.4
Total liabilities
2,832.9
The column “Other” includes the net indebtedness of Neopost S.A., assets and liabilities coming from factories, supply-chain and leasing companies as well as some assets and liabilities that cannot be allocated to an operational segment.
157
UNIVERSAL REGISTRATION DOCUMENT 2019
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