NEOPOST - 2018 Registration document
6
Financial statements
Consolidated financial statements
6-1-2: Sales breakdown as follows:
Sales breakdown
•
By division
31 January 2019
31 January 2018
Enterprise Digital Solutions
146.9
135.9
Neopost Shipping
65.6
57.2
SME Solutions
904.7
941.6
Eliminations
(25.3)
(23.0)
TOTAL
1,091.9
1,111.7
•
By type of revenue
31 January 2019
31 January 2018
Equipment and licenses sales
332.4
353.5
Recurring revenue
759.5
758.2
TOTAL
1,091.9
1,111.7
•
By geographic region
31 January 2019
31 January 2018
North America
483.5
493.2
Europe
526.5
530.3
Rest of the world
81.9
88.2
TOTAL
1,091.9
1,111.7
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 as soon as a credit loss is expected. Expected credit losses are 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 2019
31 January 2018
Accounts receivable Gross value
247.8
261.1
Depreciation
(18.0)
(17.6)
Total
229.8
243.5
Lease receivables Short term
288.1
284.7
Long term
428.7
436.2
Gross value
716.8
720.9
Depreciation
(10.6)
(10.3)
Total
706.2
710.6
TOTAL
936.0
954.1
135
REGISTRATION DOCUMENT 2018 / NEOPOST
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