NEOPOST - 2018 Registration document
6
Financial statements
Consolidated financial statements
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 an expense of 0.7 million euros compared with a profit of 0.6 million euros in 2017.
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 segment as follows:
Enterprise Digital Solutions
Neopost Shipping
SME Solutions
31 January 2019
Other
Segment assets
322.7
35.1
2,308.0
167.1
2,832.9
TOTAL ASSETS
2,832.9
Segment liabilities
83.4
44.0
629.1
829.0
1,585.5
Equity
1,247.4
TOTAL LIABILITIES
2,832.9
Enterprise Digital Solutions
Neopost Shipping
SME Solutions
31 January 2018
Other
Segment asset
369.9
56.2
2,223.2
133.2
2,782.5
Total assets
2,782.5
Segment liabilities
108.9
34.0
604.3
866.1
1,613.3
Equity
1,169.2
Total liabilities
2,782.5
The column “Other” comprises the net financial debt of Neopost S.A. and certain assets that cannot be allocated to any other division.
Other segment items break down by sector as follows:
Enterprise Digital Solutions
Neopost Shipping SME Solutions
31 January 2019
Investments of the period Tangible assets
0.9
15.2
38.2
54.3
Intangible assets
20.6
2.0
11.0
33.6
TOTAL INVESTMENTS
21.5
17.2
49.2
87.9
Amortization of the period Tangible assets
0.5
5.9
39.4
45.8
Intangible assets
21.3
3.7
19.5
44.5
TOTAL AMORTIZATION
21.8
9.6
58.9
90.3
IMPAIRMENT
-
-
-
-
Enterprise Digital Solutions
Neopost Shipping SME Solutions
31 January 2018
Investments of the period Tangible assets
0.7
27.7
35.5
63.9
Intangible assets
22.5
2.2
10.2
34.9
Total investments
23.2
29.9
45.7
98.8
Amortization of the period Tangible assets
0.7
2.7
44.5
47.9
Intangible assets
18.3
3.8
23.7
45.8
Total amortization
19.0
6.5
68.2
93.7
Impairment
-
-
-
-
142
REGISTRATION DOCUMENT 2018 / NEOPOST
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