QUADIENT - 2019 Universal Registration Document

6

FINANCIAL STATEMENTS Neopost S.A. statements of financial position

6.4.3

NEOPOST S.A. STATEMENT OF CASH FLOW

31 January 2020

31 January 2019

(In million of euros)

Net income

11.1

38.5

Depreciation and amortization expenses (reversal)

0.1

21.8

Contingency and loss provision (reversal)

81.0

47.4

Capital gains or loss on disposal of fixed assets

-

10.9

Gains and losses on changes in fair value

(2.4)

(12.9)

Cash flow from operations

89.8

105.7

(Increase) decrease in accounts receivable

(3.1)

1.8

Increase (decrease) in accounts payable

(25.5)

29.0

(Increase) decrease in other operating payables and receivables

188.3

(26.7)

Cash flow from operating activities (A)

249.5

109.8

Investments in intangible fixed assets

(0.2)

-

Investments in tangible fixed assets

-

(0.1)

Securities acquired and (increase) decrease in loans granted

(172.0)

11.0

Sub-total investments

(172.2)

10.9

Disposals of fixed assets

-

-

Cash flow from investment activities (B)

(172.2)

10.9

Dividends paid

(18.2)

(58.5)

New financial debts

528.1

-

Repayment of borrowings

(317.8)

(26.7)

Net change in other debts and accrued interest not yet matured

(1.6)

0.1

Cash flow from financing activities (C)

190.5

(85.1)

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

(13.1)

6.6

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

254.7

42.2

Opening cash & cash equivalents

150.5

108.3

CLOSING CASH & CASH EQUIVALENTS

405.2

150.5

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

6.4.4

CHANGE IN NEOPOST S.A. SHAREHOLDERS’ EQUITY

Additional paid-in capital

Par value

Number of shares

Share capital

Reserves

Total

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

EUR 1

34,562,912

34.6

52.9

283.9

371.4

2018 Dividends – balance payment

-

-

-

-

(18.2)

(18.2)

Net income

-

-

-

-

11.1

11.1

SHAREHOLDERS’ EQUITY AT 31 JANUARY 2020 EUR 1

34,562,912

34.6

52.9

276.7

364.2

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

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UNIVERSAL REGISTRATION DOCUMENT 2019