NEOPOST - 2018 Registration document
6
Financial statements
Consolidated financial statements
Consolidated statement of cash flow
(In million euros)
Notes
31 January 2019
31 January 2018
Net income attributable to shareholders of the parent company
91.5
133.8
Net income attributable to non-controlling interests
0.1
(1.1)
Expenses (income) with no cash effect
(8-1)
88.0
94.8
Share of results of associated companies (net of dividends received)
(1.1)
(1.4)
Income taxes expense (including deferred taxes)
(12-3)
36.8
0.8
Net cost of debt
31.2
32.2
Cash flow before net cost of debt and income taxes
246.5
259.1
Working capital variation
(8-2)
15.1
20.6
Increase (decrease) in lease receivables
32.2
22.8
Cash flow from operating activities
293.8
302.5
Interest paid
(31.4)
(30.3)
Income taxes paid
(22.4)
(24.3)
Net cash flow from operating activities (A)
240.0
247.9
Investments in tangible fixed assets
(4-3)
(54.3)
(63.9)
Investments in intangible fixed assets
(4-2)
(33.6)
(34.9)
Impact of changes in scope
(8-3)
(26.3)
(23.4)
Sub-total investments
(114.2)
(122.2)
Disposals of fixed assets
8.0
3.1
Repayment of loans and other long-term advances
(0.6)
(1.8)
Net cash flow from investing activities (B)
(106.8)
(120.9)
Parent company capital increase
(13-1)
-
-
Share buyback – liquidity contract
(13-1)
0.3
(0.7)
Dividends paid to shareholders
(58.5)
(58.6)
New medium and long-term borrowings
(11-2)
25.4
219.9
ODIRNANE* interests
(13-2)
(8.9)
(8.9)
Repayment of long-term borrowings
(11-2)
(35.3)
(165.7)
Net cash flow from financing activities (C)
(77.0)
(14.0)
Cumulative translation adjustments on cash and cash equivalents (D)
(1.9)
(15.5)
Change in net cash (A) + (B) + (C) + (D)
54.3
97.5
Net cash – opening
187.8
90.3
Net cash – closing
242.1
187.8
Cash and cash equivalents
245.9
193.0
Bank overdrafts
(3.8)
(5.2)
NET CASH – CLOSING
242.1
187.8
The following notes form an integral part of the financial statements. * ODIRNANE: senior unsecured net share settled undated bond convertible into new shares and/or exchangeable for existing shares
114
REGISTRATION DOCUMENT 2018 / NEOPOST
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