Consolidated financial statements extract for the period ended 31 December 2019
Consolidated financial statements extract for the period ending 31 December 2019
CONSOLIDATED BALANCE SHEET - ASSETS
In thousands of euros
31/12/2019 | 31/12/2018 | |
Goodwill | 28 487 | 32 728 |
Intangible assets | 34 213 | 30 161 |
Property, plant and equipment | 63 883 | 53 993 |
Right-of-use assets (IFRS 16) | 19 614 | - |
Financial assests | 4 381 | 2 908 |
Deffered tax assets | 18 889 | 18 013 |
Trade receivables from financing activities > 1 year | 37 920 | 21 710 |
Other non current assets | 5 574 | 4 572 |
NON-CURRENT ASSETS (A) | 212 961 | 164 085 |
Inventory | 191 577 | 178 949 |
Trade receivables | 93 587 | 123 573 |
Trade receivables from financing activities < 1 year | 21 615 | 12 844 |
Other assets | 35 538 | 33 372 |
Cash and cash equivalents | 28 740 | 24 110 |
CURRENT ASSETS (B) | 371 057 | 372 848 |
TOTAL ASSETS (A+B) | 584 018 | 536 933 |
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Consolidated financial statements extract for the period ending 31 December 2019
CONSOLIDATED BALANCE SHEET - LIABILITIES
In thousands of euros
31/12/2019 | 31/12/2018 | |
Share capital | 4 078 | 4 078 |
Share premiums | 81 627 | 91 720 |
Consolidated reserves and income | 179 013 | 161 539 |
SHAREHOLDERS' EQUITY BEFORE MINORITY INTERESTS (A) | 264 718 | 257 337 |
Minority interests (B) | (372) | (347) |
TOTAL EQUITY | 264 346 | 256 990 |
Long-term birrowigs | 132 834 | 46 084 |
Non-current lease liabilities (IFRS 16) | 14 780 | - |
Deferred tax liabilties | 7 266 | 6 068 |
Provisions | 6 828 | 5 055 |
NON-CURRENT LIABILITIES (C) | 161 708 | 57 207 |
Trade payables | 70 748 | 86 284 |
Other current liabilities | 26 251 | 24 846 |
Current borrowings | 46 269 | 102 053 |
Current lease liabilities (IFRS 16) | 5 147 | - |
Provisions | 9 549 | 9 553 |
CURRENT LIABILITIES (D) | 157 964 | 222 736 |
LIABILITIES AND SHAREHOLDERS' EQUITY (A+B+C+D) | 584 018 | 536 933 |
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Consolidated financial statements extract for the period ending 31 December 2019
PROFIT AND LOSS STATEMENT - continuing operations, including IAS 29 & IFRS 16
In thousands of euros
31/12/2019 | 31/12/2018 | |||
Continuing operations | ||||
Sales and revenue | 609 828 | 100,0% | 555 905 | 100,0% |
Cost of sales | (468 760) | -76,9% | (424 155) | -76,3% |
Selling expenses | (34 502) | -5,7% | (32 653) | -5,9% |
General and administrative expenses | (60 667) | -9,9% | (54 745) | -9,8% |
Research and development expenditures | (10 000) | -1,6% | (8 747) | -1,6% |
Exchange gains and losses | (2 022) | -0,3% | (2 000) | -0,4% |
CURRENT OPERATING INCOME | 33 877 | 5,6% | 33 605 | 6,0% |
Other operating income and expenses | (4 637) | -0,8% | (4 485) | -0,8% |
OPERATING INCOME FROM CONTINUING OPERATIONS | 29 240 | 4,8% | 29 121 | 5,2% |
Share of profit of affiliates | 0,0% | (147) | 0,0% | |
OPERATING INCOME after share of profit of affiliates | 29 240 | 4,8% | 28 974 | 5,2% |
Cost of net financial debt | (3 587) | -0,6% | (1 580) | -0,3% |
Exchange gains and losses | (58) | 0,0% | (290) | -0,1% |
Other financial income and expenses | 1 149 | 0,2% | (1 825) | -0,3% |
PROFIT BEFORE TAXES FROM CONTINUING OPERATIONS | 26 744 | 4,4% | 25 279 | 4,5% |
Income tax | (7 287) | -1,2% | (7 350) | -1,3% |
NET PROFIT FROM CONTINUING OPERATIONS | 19 457 | 17 929 | ||
Discontinued operations | ||||
NET PROFIT FROM DISCONTINUED OPERATIONS | 5 944 | |||
NET PROFIT | 19 457 | 3,2% | 23 873 | 4,3% |
attributable to equity holders of the parent | 19 417 | 23 803 | ||
attributable to minority interests | 40 | 70 |
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Consolidated financial statements extract for the period ending 31 December 2019
CONSOLIDATED CASH FLOW STATEMENT
In thousands of euros
31/12/2019 | 31/12/2018 | |
Net income for continuing operations | 19 457 | 17 929 |
Depreciation and amortization | 20 284 | 15 853 |
Change in provisions (except for current assets) | 342 | 5 278 |
Unrealised foreign exchange gains and losses | 914 | (1 560) |
Change in deferred taxes | (288) | (1 803) |
Gains and losses from disposals of fixed assets | (609) | (946) |
Interests on bank borrowings | 3 587 | 1 593 |
Share of profit in affiliates | - | 147 |
GROSS CASH FLOWS FROM OPERATIONS | 43 687 | 36 491 |
Change in operating working capital | (3 904) | (71 038) |
Change in receivables from financing activities | (19 375) | (2 714) |
Total of operating cash flows from continued operations | 20 408 | (37 261) |
Operating cash flows from discontinued activities | - | 201 |
CASH FLOWS FROM OPERATING ACTIVITIES | 20 408 | (37 060) |
Purchases of fixed assets | (31 149) | (22 177) |
Proceeds from the sales of fixed assets, net of tax | 4 442 | 2 988 |
Dividends received | - | 849 |
Impact of changes in scope of consolidation | - | (14 913) |
Total of investing cash flows from continued operations | (26 707) | (33 253) |
Investing cash flows from discontinued activities | - | 16 130 |
CASH FLOWS FROM INVESTING ACTIVITIES | (26 707) | (17 123) |
Dividends paid to shareholders | (6 495) | (6 507) |
Loans issues | 94 513 | 51 948 |
Borrowings repayments | (78 155) | (7 776) |
Lease liabilities repayments | (6 857) | |
Treasury shares | (104) | (709) |
Total of financing cash flows from continued operations | 2 902 | 36 956 |
Financing cash flows from discontinued activities | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES | 2 902 | 36 956 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (3 397) | (17 227) |
Opening cash and cash equivalents | 4 885 | 22 809 |
Effect of exchange rate changes from continued operations | 624 | (697) |
Closing cash and cash equivalents | 2 112 | 4 885 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (3 397) | (17 227) |
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Consolidated financial statements extract for the period ending 31 December 2019
STATEMENT OF CHANGES IN EQUITY
In thousands of euros
Actuarial | |||||||||||
Share | Consolidated | Profit for the | Treasury | Translation | gains and | Minority | |||||
Capital | Free shares | losses on | Group share | Total | |||||||
premiums | reserves* | period | shares ** | differences | Interests | ||||||
employee | |||||||||||
benefits | |||||||||||
Balance at 31 December 2017 | 4 078 | 91 720 | 171 270 | 17 610 | (13 611) | - | (31 026) | (1 316) | 238 725 | (398) | 238 326 |
Change in capital of the parent company | - | - | |||||||||
Appropriation of 2017 net income | 17 610 | (17 610) | - | - | |||||||
Dividends paid by the parent company | (6 511) | (6 511) | (6 511) | ||||||||
Net income for the period | 23 803 | 23 803 | 70 | 23 873 | |||||||
Net income / (expense) recognised | (162) | (131) | (293) | 0 | (293) | ||||||
directly in equity | |||||||||||
Total consolidated comprehensive | 23 803 | (162) | (131) | 23 510 | 70 | 23 580 | |||||
income | |||||||||||
Treasury shares | (708) | 392 | (316) | (316) | |||||||
Other changes*** | 1 929 | 1 929 | (19) | 1 910 | |||||||
Balance at 31 December 2018 | 4 078 | 91 720 | 184 298 | 23 803 | (14 319) | 392 | (31 188) | (1 447) | 257 337 | (347) | 256 990 |
Change in capital of the parent company | - | - | |||||||||
Appropriation of 2018 net income | (3 192) | 26 995 | (23 803) | - | - | ||||||
Dividends paid by the parent company | (6 901) | 406 | (6 495) | (6 495) | |||||||
Net income for the period | 19 417 | 19 417 | 40 | 19 457 | |||||||
Net income / (expense) recognised | (6 873) | (994) | (7 867) | (7 867) | |||||||
directly in equity | |||||||||||
Total consolidated comprehensive | 19 417 | (6 873) | (994) | 11 550 | 40 | 11 590 | |||||
income | |||||||||||
Treasury shares | (105) | 461 | 356 | 356 | |||||||
Other changes*** | 1 970 | 1 970 | (65) | 1 905 | |||||||
Balance at 31 December 2019 | 4 078 | 81 627 | 211 699 | 21 387 | (14 424) | 853 | (38 061) | (2 441) | 264 718 | (372) | 264 346 |
* : Consolidated reserves primarily consist of retained earnings.
**: For the three periods, the amount of treasury shares has been disclosed at the book value, and the correction in consolidated reserves.
***: Other changes include hyperinflation effects in Argentina
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Haulotte Group SA published this content on 04 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2020 11:47:08 UTC