NEOPOST_REGISTRATION_DOCUMENT_2017
5
Financial statements
Consolidated financial statements
6-5:
Inventories and work in progress
6-5-1:
Accounting principles
Inventories and work in progress are measured at the lower of the cost or replacement value (for purchased goods) or the cost of full production (for produced goods) which must not exceed the net realizable value. Production cost is calculated using the weighted average cost method.
Inventory depreciation is calculated on the basis of inventory turnover and the obsolescence of equipment and goods. The intra-Group margin generated by industrial subsidiaries on equipment sold to the distribution subsidiaries that stock this equipment is eliminated.
6-5-2:
Inventories by categories
31 January 2018
31 January 2017
Gross value Provision
Net
Gross value Provision
Net
Work in progress
4.6
(0.7)
3.9
4.1
(0.5)
3.6
Raw materials
10.5
(1.9)
8.6
11.1
(1.7)
9.4
Finished goods
59.9
(9.8)
50.1
66.5
(10.9)
55.6
Spare parts
4.8
(1.8)
3.0
5.1
(1.8)
3.3
TOTAL
79.8
(14.2)
65.6
86.8
(14.9)
71.9
6-5-3:
Changes in inventories
31 January 2018
Gross value
Provision
Opening
86.8
(14.9)
Net inventory entries
(2.0)
-
Charges
-
(1.7)
Disposals
-
1.9
Scope variation
(2.6)
-
Translation difference
(2.4)
0.5
TOTAL
79.8
(14.2)
6-6:
Expenses and gains related to acquisitions
Transaction costs related to acquisitions are recorded under current operating expenses and presented on a separated line entitled “Expenses related to acquisitions”.
This line includes advisor fees and amortization of intangible assets recognized after purchase price allocation.
31 January 2018
31 January 2017
Acquisition fees
0.2
2.0
Amortization of intangible assets after purchase price allocation
11.1
11.1
EXPENSES RELATED TO ACQUISITIONS
11.3
13.1
129
REGISTRATION DOCUMENT 2017 / NEOPOST
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