NEOPOST_REGISTRATION_DOCUMENT_2017
5
Financial statements
Consolidated financial statements
6-1-2: Sales breakdown as follows:
Sales breakdown
•
By division
31 January 2018
31 January 2017
Enterprise Digital Solutions
135.9
136.5
Neopost Shipping
49.6
48.5
SME Solutions
941.6
990.9
Eliminations
(23.0)
(21.7)
Innovation*
7.6
4.5
TOTAL
1,111.7
1,158.7
Innovation includes the automated packing system CVP-500 sales. *
•
By type of revenue
31 January 2018
31 January 2017
Equipment and licenses
353.5
381.6
Recurring revenue
758.2
777.1
TOTAL
1,111.7
1,158.7
•
By geographic region
31 January 2018
31 January 2017
North America
493.2
515.8
Europe
530.3
557.5
Rest of the world
88.2
85.4
TOTAL
1,111.7
1,158.7
6-2:
Accounts receivable and lease receivables
6-2-1:
Accounting principles
Accounts receivable are recognized and recorded at the initial amount of the invoice. Accounts receivable may be written down for impairment. Depreciation is recognized when it is probable that the receivable will not be recovered and when the amount of the loss can be
measured reliably. Depreciation is estimated taking into account historical loss experience, the age of the receivable and a detailed risk assessment. Unrecoverable receivables are recognized as losses when they are identified as such.
6-2-2:
Receivables detail
31 January 2018
31 January 2017
Accounts receivable Gross value
261.1
287.7
Depreciation
(17.6)
(18.9)
Total
243.5
268.8
Lease receivables Short term
284.7
312.8
Long term
436.2
496.4
Gross value
720.9
809.2
Depreciation
(10.3)
(11.1)
Total
710.6
798.1
TOTAL
954.1
1,066.9
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REGISTRATION DOCUMENT 2017 / NEOPOST
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