NEOPOST - 2018 Registration document
6
Financial statements
Neopost S.A. statements of financial position
Income statement Note 11
Operating income 11-1: Neopost S.A.’s operating loss amounted to 0.1 million euros compared with a profit of 8.7 million euros for the previous year and breaks down as follow:
31 January 2019
31 January 2018
Assistance to subsidiaries
15.9
16.2
Brand royalties
8.2
8.7
Rebilling of costs paid on behalf of subsidiaries
9.7
20.4
Reversal of depreciation and amortization
0.1
0.3
Revenue from operations
33.9
45.6
Wages, bonuses, commissions and payroll charges
(12.1)
(10.5)
Fees
(3.4)
(3.9)
Expenses related to acquisitions
(6.4)
(0.2)
Purchases, maintenance
(0.7)
(8.0)
Transport and travel, seminars
(1.7)
(1.6)
Staff seconded
(4.6)
(5.3)
Insurance
(0.7)
(0.5)
Taxes
(1.2)
(1.0)
Rents and associated costs
(0.9)
(1.1)
Directors’ fees
(0.4)
(0.3)
Treasury shares delivered (for the allocation of free shares)
(0.1)
(0.5)
Borrowing expenses
(0.9)
(0.7)
Depreciation and amortization expenses
(0.6)
(3.1)
Other expenses
(0.3)
(0.2)
Operating expenses
(34.0)
(36.9)
Operating income
(0.1)
8.7
The management fees contracts and brand name contracts generate an income of 24.1 million euros as at 31 January 2019 compared with 24.9 million euros as at 31 January 2018.
The expenses incurred by the division SME Solutions were
billed to the corresponding entities.
Financial income 11-2: Financial income amounts to 50.5 million euros compared with 66.1 million euros a year before and breaks down as follows:
31 January 2019
31 January 2018
Interest expenses on external borrowings
(34.8)
(35.4)
Net income on internal loans and borrowings
19.8
21.4
Dividends received
116.6
101.5
Revenue from disposals of securities
0.1
0.1
Other financial products
2.3
2.5
Net gain on foreign exchange and swaps
(6.5)
(12.5)
(Provision)/reversal for losses on foreign exchange
8.8
(11.2)
(Provision)/reversal of impairment on short-term receivables
(9.4)
-
(Provision)/reversal of impairment on investments in affiliates
(20.5)
-
(Provision)/reversal of impairment on loans
(26.0)
-
(Provision)/reversal of impairment on treasury shares
0.1
(0.3)
TOTAL
50.5
66.1
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REGISTRATION DOCUMENT 2018 / NEOPOST
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