RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

Note 6. Summary segment information

ACCOUNTING POLICES In accordance with IFRS 8, operating segments are those examined by the Group’s main operational decision-makers (the Managing General Partners). This segment analysis is based on internal organizational systems and the Group’s management structure. Apart from the Rubis holding company, the Group is managed in 3 main divisions: • Rubis Énergie, comprising petroleum product distribution businesses; • Rubis Support and Services, which houses all infrastructure, transportation, supply and services activities, supporting the development of downstream distribution and marketing activities; • Rubis Terminal, comprising the bulk liquid storage businesses (assets held for sale, see note 3.3). Furthermore, the Group has defined 3 geographic segments: • Europe; • Africa; • the Caribbean.

6.1 INFORMATION BY BUSINESS SEGMENT

6.1.1

ELEMENTS IN THE INCOME STATEMENT PER BUSINESS SEGMENT

The following table presents, for each business segment, information on income from ordinary business activities and the results for 2019 and 2018. Each column in

the table below contains figures specific to each segment as an independent entity; the “Intra-group” column groups together transactions and accounts between the

different segments, which have been eliminated.

Rubis Terminal Rubis Énergie

Rubis Support and Services

Parent company Eliminations

12/31/2019 (in thousands of euros)

Total

SALES REVENUE

4,383,495

844,669

323

5,228,487

Intersegment sales revenue

175

5,668 5,991

(5,843) (5,843)

Sales revenue

4,383,670 412,641 324,143

844,669 131,102 108,160

5,228,487 523,996 411,648

Ebitda

(19,747) (20,655)

Ebit

Share of net income from joint ventures OPERATING INCOME AFTER PROFIT/LOSS FROM JOINT VENTURES

316,009 (27,838) (60,989)

109,406

(20,774)

404,641

Cost of financial debt Income tax expense

(72)

2,706 2,536 (554)

452 (24,752)

(17,050)

(75,503) 31,795 326,262

Net income from assets held for sale

32,349 32,349

TOTAL NET INCOME

217,842

91,268

(15,197)

Rubis Terminal

Rubis Énergie

Rubis Support and Services

Parent company Eliminations

12/31/2018 (1) (in thousands of euros)

Total

SALES REVENUE

3,336,596

1,062,245

983

4,399,824

Intersegment sales revenue

5,050 6,033

(5,050) (5,050)

Sales revenue

3,336,596 332,781 274,923

1,062,245 106,468

4,399,824 423,169 345,682

Ebitda

(16,080) (16,804)

Ebit

87,563

Share of net income from joint ventures OPERATING INCOME AFTER PROFIT/LOSS FROM JOINT VENTURES

257,776 (18,188) (56,940)

83,042

(16,835)

323,983

Cost of financial debt Income tax expense

43

357

452 (17,336)

(14,059)

11,733

(59,266) 32,450 270,780

Net income from assets held for sale

32,450 32,450

TOTAL NET INCOME

176,869

65,809

(4,348)

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

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