NEOPOST_REGISTRATION_DOCUMENT_2017
5
Financial statements
Consolidated financial statements
Neopost’s income breaks down by division as follows:
Enterprise Digital Solutions
Neopost Shipping
SME Solutions Eliminations Innovation
31 January 2018
Total sales
135.9
57.2
941.6
(23.0)
-
1,111.7
Segment income
15.7
(12.5)
206.6
-
(7.5)
202.3
in percentage
11.6% (21.8)%*
21.9%
-
n/a
18.2%
Structure optimization expenses
(13.2)
Proceeds from net assets sales
(0.1)
(Expenses) and gains related to acquisitions
(11.3)
Other operational expenses
(11.3)
Operating income
166.4
Financial result
(34.6)
Share of results of associated companies
1.7
Income taxes
(0.8)
NET INCOME
132.7
Neopost Shipping’s segment income excluding Temando is 8.2%. *
Enterprise Digital Solutions
Neopost Shipping
SME Solutions Eliminations Innovation
31 January 2017
Total sales
136.5
53.0
990.9
(21.7)
-
1,158.7
Segment income
21.3
(11.5)
213.9
-
(7.7)
216.0
in percentage
15.6% (21.6)%*
21.6%
-
n/a
18.6%
Structure optimization expenses
(15.3)
Proceeds from net assets sales
(0.0)
(Expenses) and gains related to acquisitions
(13.1)
Other operational expenses
(6.7)
Operating income
180.9
Financial result
(30.5)
Share of results of associated companies
1.3
Income taxes
(37.7)
Net income
114.0
Neopost Shipping’s segment income excluding Temando was 8.8%. *
Transfer prices between divisions are the prices that would have been set under normal competitive conditions, as for a transaction with third parties. Amounts recognized during the year but which had no effect on Group cash (before amortization, depreciation and provisions) mainly relate to amounts in respect of share-based
payments, represent a profit of 0.6 million euros compared with an expense 0.4 million euros in 2016. The financial result is mainly due to the financial costs associated with each line of debt. The breakdown of the impacts of hedge accounting is presented in note 11 for the portion of derivative financial instruments related to foreign exchange and interest rates.
The balance sheet breaks down by sector as follows:
Enterprise Digital Solutions
Neopost Shipping
SME Solutions Innovation
31 January 2018
Other
Segment assets
369.9
50.5
2,223.2
5.7
133.2
2,782.5
TOTAL ASSETS
2,782.5
Segment liabilities
108.9
34.0
602.1
2.2
866.1
1,613.3
Equity
1,169.2
TOTAL LIABILITIES
2,782.5
131
REGISTRATION DOCUMENT 2017 / NEOPOST
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