RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

5.6 OTHER OPERATING INCOME AND EXPENSES

12/31/2019

12/31/2018 (1)

(in thousands of euros)

Operating subsidies

372

24

Other miscellaneous income OTHER OPERATING INCOME Other miscellaneous expenses OTHER OPERATING EXPENSES

8,840 9,212 7,272 7,272 1,940

11,347 11,371 13,356 13,356 (1,985)

TOTAL

(1) The 2018 income statement was restated in accordance with IFRS 5 (see note 3.3).

5.7 OTHER OPERATING INCOME AND EXPENSES

ACCOUNTING POLICIES The Group sets aside operating income and expenses which are unusual, infrequent or, generally speaking, non-recurring, and which could impair the readability of the Group’s operational performance. Other operating income and expenses include the impact of the following on profit and loss: • acquisitions and disposals of companies (negative goodwill, strategic acquisition costs, capital gains or losses, etc.); • capital gains or losses or scrapped property, plant and equipment or intangible assets; • other unusual and non-recurrent income and expenses; • significant provisions and impairment of tangible or intangible assets.

12/31/2019

12/31/2018 (1)

(in thousands of euros)

Income from disposal of tangible and intangible assets

1,600

(2,651) (1,071)

Strategic acquisitions expenses

(7,328) (1,606)

Other expenses, income and provisions Impact of business combinations and disposals

33

327

(18,010) (21,699)

TOTAL

(7,007)

(1) The 2018 income statement was restated in accordance with IFRS 5 (see note 3.3).

• the gain of €1.6 million recognized on the takeover of Sigalnor (see note 3.2.1 to the 2018 Registration Document); • the costs related to the disposal of activities in Iran in the amount of €19.6 million; this

corresponds to the capital loss on the sale of the assets and the impairment of receivables held by a partner affected by the termination of the Group’s projects in Iran (see note 3.2.2 to the 2018 Registration Document).

In 2019, strategic acquisition expenses chiefly relate to transactions carried out in East Africa. In 2018, the impacts of business combinations and disposals mainly correspond to:

5.8 COST OF NET FINANCIAL DEBT

12/31/2019

12/31/2018 (1)

(in thousands of euros)

Income from cash and cash equivalents

4,216 1,198

1,523 (860)

Net proceeds from disposal of marketable securities Interest on borrowings and other financial debt

(22,614) (7,552) (24,752)

(17,999)

Interest expense on lease liabilities

TOTAL

(17,336)

(1) The 2018 income statement was restated in accordance with IFRS 5 (see note 3.3).

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