5 | Consolidated | financial |
statements | ||
Contents | ||
5.1 | Consolidated income statement ................................................................................................................................................. | 2 |
5.2 | Consolidated balance sheet....................................................................................................................................................... | 3 |
5.3 | Consolidated statement of cash flows ............... ......................................................................................................................... | 4 |
5.4 | Consolidated statement of changes in shareholders' equity ....................................................................................................... | 5 |
5.5 | Notes to the annual consolidated financial statements ............................................................................................................... | 6 |
NOTE 1 GENERAL INFORMATION ..................................................................................................................................................... | 6 | |
NOTE 2 HIGHLIGHTS FOR THE PERIOD ........................................................................................................................................... | 6 | |
NOTE 3 ACCOUNTING PRINCIPLES .................................................................................................................................................. | 7 | |
NOTE 4 SCOPE OF CONSOLIDATION ............................................................................................................................................. | 15 | |
NOTE 5 OPERATING DATA AND NON-RECURRING ITEMS ........................................................................................................... | 15 | |
NOTE 6 EXPENSES, HEADCOUNT AND EMPLOYEE BENEFITS.................................................................................................... | 18 | |
NOTE 7 FINANCING AND FINANCIAL INSTRUMENTS .................................................................................................................... | 19 | |
NOTE 8 INCOME TAX........................................................................................................................................................................ | 32 | |
NOTE 9 EARNINGS PER SHARE ...................................................................................................................................................... | 33 | |
NOTE 10 INTANGIBLE ASSETS AND PROPERTY, PLANT AND EQUIPMENT................................................................................ | 34 | |
NOTE 11 OTHER PROVISIONS AND CONTINGENT LIABILITIES.................................................................................................... | 40 | |
NOTE 12 OTHER INFORMATION...................................................................................................................................................... | 41 | |
NOTE 13 SUBSEQUENT EVENTS .................................................................................................................................................... | 43 | |
NOTE 14 LIST OF GROUP COMPANIES .......................................................................................................................................... | 43 |
This document is a free translation into English and has no other value than an informative one. Should there be any difference between the French and the English version, only the French-language version shall be deemed authentic and considered as expressing the exact information published by Bonduelle.
Bonduelle / Universal registration document 2020-2021(Chapter 5) -1
5.1 Consolidated income statement
(in thousands of euros) | Notes | At 2020/06/30 | At 2021/06/30 | ||||
Revenue | 5.1 | 2,854,876 | 2,778,604 | ||||
Purchases and external charges | 5.2 | (2,025,193) | (1,951,974) | ||||
Employee benefits expenses | 6.1 | (598,242) | (612,268) | ||||
Depreciation, amortization and impairment | (112,214) | (111,506) | |||||
Other operating income | 5.3 | 26,790 | 27,851 | ||||
Other operating expenses | 5.3 | (37,362) | (30,332) | ||||
Current operating income | 108,654 | 100,375 | |||||
Non-recurring items | 5.4 | (6,766) | (3,173) | ||||
Operating profit | 101,888 | 97,203 | |||||
Cost of net debt | (20,344) | (15,983) | |||||
Other financial income and expenses | (5,514) | (1,283) | |||||
Financial result | 7.2 | (25,858) | (17,267) | ||||
Share of net income from associates | (80) | (582) | |||||
Profit before tax | 75,950 | 79,354 | |||||
Income tax | 8.1 | (21,348) | (22,233) | ||||
NET INCOME | 54,602 | 57,121 | |||||
• attributable to owners of the Company | 54,620 | 57,151 | |||||
• attributable to non-controlling interests | (18) | (30) | |||||
BASIC EARNINGS PER SHARE | 9 | 1.71 | 1.78 | ||||
DILUTED EARNINGS PER SHARE | 9 | 1.68 | 1.75 | ||||
REBITDA | 220,868 | 211,881 | |||||
Gains and losses recognized directly in equity | |||||||
At | |||||||
At | |||||||
(in thousands of euros) | 2020/06/30 | 2021/06/30 | |||||
Net income for the period | 54 602 | 57 121 | |||||
Items that may be reclassified subsequently to P&L | (25,224) | (8,548) | |||||
Cash flow hedge | (277) | 1,333 | |||||
Translation adjustments | (25,119) | (9,551) | |||||
Tax effects | 172 | (330) | |||||
Items that may not be reclassified subsequently to P&L | (7,855) | (9,513) | |||||
Actuarial gains and losses on defined benefit plans | (1,581) | 0 | |||||
Tax effects | 343 | (166) | |||||
Unrealized gains and losses on financial assets (1) | (6,616) | (9,347) | |||||
Income and expenses recognized directly in equity | (33,079) | (18,061) | |||||
TOTAL RECOGNIZED INCOME AND EXPENSES | 21,523 | 39,060 | |||||
Attributable to owners of the Company | 21,541 | 39,090 | |||||
Attributable to non-controlling interests | (18) | (30) |
- Includes in particular changes in the fair value of Investments in other non-consolidated companies, measured at fair value through other comprehensive income.
Bonduelle / Universal registration document 2020-2021(Chapter 5) -2
5.2 Consolidated balance sheet
Assets
(in thousands of euros) | Notes | At 2020/06/30 | At 2021/06/30 | ||
Non-current assets | 1,203,975 | 1,203,175 | |||
Other intangible assets | 10.2 | 58,478 | 62,381 | ||
Goodwill | 10.1 | ||||
483,183 | 468,235 | ||||
Property, plant and equipment | 10.3 | ||||
523,618 | 535,619 | ||||
Rights of use | 10.4 | ||||
83,669 | 83,492 | ||||
Investments in associates | |||||
1,589 | 5,405 | ||||
Other non-current financial assets | 7.4 | ||||
30,175 | 13,520 | ||||
Deferred tax | 8.1 | ||||
21,133 | 31,353 | ||||
Other non-current assets | 7.3 | ||||
2,130 | 3,171 | ||||
Current assets | |||||
968,904 | 1,013,905 | ||||
Inventories and work-in-progress | 5.5 | 627,128 | 677,057 | ||
Trade and other receivables | 5.6 | 311,075 | 311,982 | ||
Tax receivables | 9,004 | 7,952 | |||
Other current assets | 7.3 | 8,336 | 8,783 | ||
Other current financial assets | 7.3 | 6,723 | 3,237 | ||
Cash and cash equivalents | 7.6 | 6,638 | 4,894 | ||
TOTAL ASSETS | |||||
2,172,879 | 2,217,080 | ||||
Liabilities
(in thousands of euros) | Notes | At 2020/06/30 | At 2021/06/30 | ||
Shareholders' equity (group share) | 709,853 | 739,767 | |||
Share capital | 56,942 | 57,103 | |||
Additional paid-in capital | 38,559 | 40,103 | |||
Consolidated reserves | 614,352 | 642,561 | |||
Non-controlling interests | 16 | 17 | |||
Shareholders' equity | 709,868 | 739,784 | |||
Non-current liabilities | 680,833 | 640,191 | |||
Financial debts | 7.6 | 541,442 | 496,268 | ||
Lease liabilities | 7.6 | 64,580 | 67,029 | ||
Employee benefit obligations | 6.2 | 28,007 | 29,641 | ||
Other non-current provisions | 11.1 | 10,798 | 10,442 | ||
Deferred tax | 8.1 | 9,683 | 11,372 | ||
Other non-current liabilities | 7.3 | 26,325 | 25,439 | ||
Current liabilities | 782,177 | 837,104 | |||
Current financial debts | 7.6 | 117,915 | 150,245 | ||
Current lease liabilities | 7.6 | 19,647 | 17,997 | ||
Current provisions | 11.1 | 7,677 | 6,625 | ||
Trade and other payables | 5.7 | 628,387 | 653,555 | ||
Tax payables | 6,348 | 6,337 | |||
Other current liabilities | 7.3 | 2,203 | 2,345 | ||
TOTAL LIABILITIES | 2,172,879 | 2,217,080 |
Bonduelle / Universal registration document 2020-2021(Chapter 5) -3
5.3 Consolidated statement of cash flows
At | At | ||||
(in thousands of euros) | Notes | 2020/06/30 | 2021/06/30 | ||
Net income | 54,602 | 57,121 | |||
Share of net income from associates | 80 | 582 | |||
Depreciation, amortization and impairment | 114,603 | 110,093 | |||
Other components of the net income with no cash impact | 629 | 15,972 | |||
Deferred tax | 8.1 | (5,508) | (10,614) | ||
Accrued interest | (554) | (639) | |||
Gross cash flows from operating activities | 163,852 | 172,515 | |||
Change in WCR | 16,207 | (38,787) | |||
180,059 | 133,728 | ||||
Net cash flows from operating activities | |||||
Acquisitions of consolidated companies, net of cash and cash equivalents | (1,391) | (4,390) | |||
10.2 & | |||||
Capital expenditure and acquisition of intangible assets (1) | (97,596) | (104,746) | |||
10.3 | |||||
Acquisitions of financial assets | (911) | (331) | |||
Disposals of fixed assets and financial assets (2) | 5.3 | 748 | 1,276 | ||
Net change in loans and other non-current financial assets | 567 | 139 | |||
Net cash flows from (used in) investing activities | (98,582) | (108,052) | |||
Transactions with non-controlling interests | (18,539) | 1,704 | |||
(Acquisition) Disposal of treasury shares | (2,653) | 82 | |||
Increase (Decrease) in non-current financial liabilities | 7.6 | (19,525) | (36,766) | ||
Increase (Decrease) in current financial liabilities | 7.6 | (11,210) | 35,938 | ||
Increase (Decrease) in lease liabilities | 7.6 | (20,825) | (20,056) | ||
Dividends paid to group and minority Shareholders | 5.4 | (16,339) | (13,160) | ||
Net cash flows from (used in) financing activities | (89,091) | (32,258) | |||
Impact of exchange rate changes | (2440) | 4,838 | |||
(10,054) | (1,744) | ||||
Change in cash and cash equivalents | |||||
Cash and cash equivalents - opening balance | 16,693 | 6,638 | |||
Cash and cash equivalents - closing balance | 6,638 | 4,894 | |||
CHANGE IN CASH AND CASH EQUIVALENTS | (10,054) | (1,744) |
- Investments correspond to the acquisitions of property, plant and equipment and intangible assets described in Notes 3.5.1.2 and 3.5.2, plus the change in related trade payables presented in note 5.7.
- Disposals of fixed assets correspond to the proceeds received less advances and down-payments on fixed assets.
Bonduelle / Universal registration document 2020-2021(Chapter 5) -4
5.4 Consolidated statement of changes in shareholders' equity
Actuarial | ||||||||||
Additional | gains | Shareholders' | Non- | Total | ||||||
(in thousands | In number | Share | paid-in | and | Treasury | Translation | Accumulated | equity (group | controlling | Shareholders' |
of euros) | of shares | capital | capital | losses | shares | reserves | income | share) | interests | equity |
Shareholders' | ||||||||||
equity at July | 32,538,340 | 56,942 | 38,559 | (4,903) | (8,557) | (78,138) | 713,495 | 717,398 | 7,574 | 724,972 |
1, 2019 | ||||||||||
Income | ||||||||||
recognized | (1,238) | (25,119) | (6,722) | (33,079) | (33,079) | |||||
directly | ||||||||||
through equity | ||||||||||
Net income at | 54,620 | 54,620 | (18) | 54,602 | ||||||
2020/06/30 | ||||||||||
Free allocation | 2,084 | 2,084 | 0 | 2,084 | ||||||
of shares | ||||||||||
Puts on non- | ||||||||||
controlling | (37) | (37) | 18 | (18) | ||||||
interests | ||||||||||
Changes in | ||||||||||
scope of | (139) | (10,842) | (10,980) | (7,558) | (18,539) | |||||
consolidation | ||||||||||
Treasury | (2,142) | (345) | (2,487) | 0 | (2,487) | |||||
shares | ||||||||||
Other | (1,328) | (1,328) | 0 | (1,328) | ||||||
Dividends paid | (16,339) | (16,339) | 0 | (16,339) | ||||||
Shareholders' | ||||||||||
equity at | 32,538,340 | 56,942 | 38,559 | (6,280) | (10,699) | (103,257) | 734,588 | 709,853 | 16 | 709,868 |
June 30, 2020 | ||||||||||
Shareholders' | ||||||||||
equity at July | 32,538,340 | 56,942 | 38,559 | (6,280) | (10,699) | (103,257) | 734,588 | 709,853 | 16 | 709,868 |
1, 2020 | ||||||||||
Income | ||||||||||
recognized | (166) | 0 | (9,551) | (8,344) | (18,061) | (0) | (18,061) | |||
directly | ||||||||||
through equity | ||||||||||
Net income at | 57,151 | 57,151 | (30) | 57,121 | ||||||
2021/06/30 | ||||||||||
Share capital | 161 | 1,544 | 0 | 1,704 | 0 | 1,704 | ||||
increase | 91,774 | |||||||||
Free allocation | 2,397 | 2,397 | 0 | 2,397 | ||||||
of shares | ||||||||||
Puts on non- | ||||||||||
controlling | 0 | 0 | 31 | 31 | ||||||
interests | ||||||||||
Transactions | ||||||||||
with non- | 0 | 0 | 0 | 0 | ||||||
controlling | ||||||||||
interests | ||||||||||
Treasury | 1,909 | (1,299) | 610 | 0 | 610 | |||||
shares | ||||||||||
Other | (727) | (727) | 0 | (727) | ||||||
Dividends paid | (13,160) | (13,160) | 0 | (13,160) | ||||||
Shareholders' | ||||||||||
equity at | 32,630,114 | 57,103 | 40,103 | (6,446) | (8,790) | (112,808) | 770,606 | 739,767 | 18 | 739,784 |
June 30, 2021 |
Bonduelle / Universal registration document 2020-2021(Chapter 5) -5
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Bonduelle SA published this content on 27 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2021 07:31:01 UTC.