NEOPOST - 2018 Registration document
6
Financial statements
Neopost S.A. statements of financial position
Treasury shares The number of treasury shares at 31 January 2019 is 160,491 of which 152,142 are held for the liquidity contract and 8,349 with the aim of fulfilling the obligations of the stock-option and free share plans attributed to employees and directors of the Group. Under the liquidity contract, shares cannot be sold freely except if the contract is cancelled. This contract was signed
with Exane BNP Paribas on 2 November 2005 for one year and is renewable by tacit agreement. The amount allocated to this contract was initially 8 million euros. The purpose is to reduce excessive volatility of the Neopost share and to improve liquidity.
Transactions in 2018 are the following:
31 January 2018
Bought
Sold
Transferred
31 January 2019
Number Amount Number Amount
Number Amount Number Amount
Number Amount
Liquidity contract
153,027
4.3 504,779
12.2 (505,664)
(12.3)
-
- 152,142
4.2
Coverage of obligations
10,761
0.4
-
-
-
-
(2,412)
(0.1)
8,349
0.3
TOTAL
163,788
4.7 504,779 12.2 (505,664) (12.3) (2,412) (0.1) 160,491
4.5
Note 7
Transactions in foreign currencies
A translation adjustment is determined for each asset or liability denominated in a foreign currency, at the closing exchange rate. Translation differences are offset between
assets and liabilities denominated in one currency and
having the same maturity.
Assets and liabilities translation differences are offset between the translation adjustment liability at 30.3 million euros. A hedging financial instruments (exchange rate futures) and the provision equivalent to the amount of translation adjustment appropriate receivables and payables. This offset amounted to asset is recorded.
20.9 million euros at 31 January 2019. After offset, the translation adjustment asset came out at 3.3 million euros and
Note 8
Shareholders’ equity
Capital 8-1: At 31 January 2019, the share capital totaled 34.6 million euros divided into 34,562,912 ordinary shares with a par value of 1 euro each, the share capital is fully released. There was no change during financial year 2018. 8-2: Additional paid-in capital represents the net amount received by the Company in excess of the par value on issuance, fully distributable. At 31 January 2019, additional paid-in capital amounts to 52.9 million euros. There was no change during 2018 fiscal year. Additional paid-in capital
Reserves and retained earnings 8-3: This item mainly comprises cumulated net income over the years and dividend payments. 8-4: Retained earnings before appropriation of 2018 net income amount to 294.8 million euros as at 31 January 2019 compared with 246.9 million euros as at 31 January 2018. The Group has decided to set its annual pay-out ratio at a minimum of 20% of the Group attribuable net income with the minimum annual dividend set at an absolute floor of 0.50 euro per share. Dividend will be paid in cash and in one installment. Dividend per share
The dividend relative to 2017 fiscal year was 1.70 euro.
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REGISTRATION DOCUMENT 2018 / NEOPOST
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