NEOPOST - 2018 Registration document
6
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.
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 2019
31 January 2018
Gross value Depreciation
Net
Gross value Depreciation
Net
Work in progress
5.2
(0.7)
4.5
4.6
(0.7)
3.9
Raw materials
12.4
(1.9)
10.5
10.5
(1.9)
8.6
Finished goods
63.0
(9.6)
53.4
59.9
(9.8)
50.1
Spare parts
4.8
(2.0)
2.8
4.8
(1.8)
3.0
TOTAL
85.4
(14.2)
71.2
79.8
(14.2)
65.6
6-5-3:
Changes in inventories
31 January 2019
Gross value
Depreciation
Opening
79.8
(14.2)
Net inventory entries
1.5
-
Charges
-
(1.9)
Disposals
-
1.9
Scope variation
3.8
0.0
Translation difference
0.3
(0.0)
TOTAL
85.4
(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 2019
31 January 2018
Acquisition fees
7.0
0.2
Amortization of intangible assets after purchase price allocation
10.2
11.1
EXPENSES RELATED TO ACQUISITIONS
17.2
11.3
139
REGISTRATION DOCUMENT 2018 / NEOPOST
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