NEOPOST - 2018 Registration document
6
Financial statements
Neopost S.A. statements of financial position
Note 9
Contingency and loss provisions
Contingency and loss provisions, accounted for in accordance with CRC regulation no. 2000-06, are intended to cover risks and expenses that are likely because of past or on-going events, and whose amount or maturity are
uncertain. The provision amount corresponds to the best estimate of the cash-out with no equivalent offset.
31 January 2019
31 January 2018
Added
Used Non-used
Maturity
Contingency provisions Unrealized foreign exchange losses
12.0
-
-
(8.7)
3.3
n/a
Total contingency provisions
12.0
-
-
(8.7)
3.3
Loss provisions Retirement indemnities
0.8
0.3
(0.4)
-
0.7
n/c
Treasury shares
0.4
-
(0.1)
-
0.3 1 to 2 years
Phantom shares
0.1
0.0
(0.0)
-
0.1 2 to 4 years
Others
0.0
1.8
(1.4)
-
0.4
n/a
Total loss provisions
1.3
2.1
(1.9)
-
1.5
TOTAL
13.3
2.1
(1.9)
(8.7)
4.8
Treasury shares At 31 January 2019, the Group has 152,142 shares held for the liquidity contact and 8,349 shares to fulfill the commitments on the stock-option and free share attribution
programs for employees and Group executives, compared with 153,027 shares and 10,761 shares as at 31 January 2018.
31 January
31 January 2019
Number
2018 Added
Used Non-used
Number
TOTAL
10,761
0.4
-
(0.1)
-
8,349
0.3
Deferred incentive plan (phantom share plan)
The liability is recognized when the phantom shares are attributed and the expense, spread out on the acquisition
financial year. At each closing date, the provision is revaluated based on the last Neopost share price and the
period, represents the valuation of the number of phantom headcount variation. shares attributed at the last share price at the end of the
Since 2013, five deferred incentive plans were set up. This provision is adjusted at each closing, changes that occured during 2018 financial year are not significant.
Since February 2018, no more phantom shares have been granted. All information related to former phantom share plans are disclosed in previous registration documents.
Number of phantom shares granted to Neopost S.A. employees
Deferred incentive plan in force during the fiscal year 2018
Plan January 2015
2,500
Plan July 2016
3,700
Plan March 2017
2,100
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REGISTRATION DOCUMENT 2018 / NEOPOST
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