Annual Financial Report
at 31 December 2018
Annual Financial Report at 31-12-2018 - Interpump Group
Contents
Page | |||
Composition of corporate bodies | 3 | ||
Board of Directors' Report for 2018 | 5 | ||
Consolidated financial statements at 31/12/2018 | 33 | ||
Consolidated statement of financial position | 34 | ||
Consolidated income statement | 36 | ||
Comprehensive consolidated income statement | 37 | ||
Consolidated cash flow statement | 38 | ||
Statement of changes in consolidated shareholders' equity | 40 | ||
Notes to the annual financial report | 41 | ||
1. | General information | 41 | |
2. | Scope of consolidation | 41 | |
3. | Accounting standards | 44 | |
3.1 | Reference accounting standards | 44 | |
3.1.1 Accounting standards, amendments and interpretations in force | |||
from 1 January 2018 and adopted by the Group | 45 | ||
3.1.2 Accounting standards, amendments and interpretations in force | |||
from 1 January 2018, but not relevant for the Group | 46 | ||
3.1.3 New accounting standards and amendments | |||
not yet applicable and not adopted early by the Group | 47 | ||
3.2 | Consolidation principles | 49 | |
3.3 | Business sector information | 52 | |
3.4 Treatment of foreign currency transactions | 52 |
3.5Non-currentassets held for sale
and discontinued operations | 53 | |
3.6 | Property, plant and equipment | 54 |
3.7 | Goodwill | 55 |
3.8 | Other intangible assets | 55 |
3.9 | Impairment of assets | 56 |
3.10 | Equity investments | 57 |
3.11 | Cash and cash equivalents | 57 |
3.12 | Financial assets (Trade receivables, Other financial assets | |
and Other assets) | 58 | |
3.13 | Derivative financial instruments | 59 |
3.14 | Inventories | 60 |
3.15 | Share capital and Treasury Shares | 61 |
3.16 | Financial liabilities (Trade payables, Bank payables, | |
Interest-bearing financial payables and Other liabilities) | 61 | |
3.17 | Liabilities for employee benefits | 61 |
3.18 | Income taxes | 63 |
Annual Financial Report at 31-12-2018 - Interpump Group
3.19 Provisions for risks and charges | 64 | ||
3.20 | Revenues | 64 | |
3.21 | Costs | 65 | |
4. | Business sector information | 65 | |
5. | Business combinations | 71 | |
6. | Cash and cash equivalents | 75 | |
7. | Trade receivables | 75 | |
8. | Inventories | 76 | |
9. | Other current assets | 76 | |
10. | Property, plant and equipment | 77 | |
11. | Goodwill | 78 | |
12. | Other intangible assets | 79 | |
13. | Other financial assets | 80 | |
14. | Deferred tax assets and liabilities | 82 | |
15. | Assets and liabilities held for sale | 83 | |
16. | Interest-bearing financial payables and bank payables | 83 | |
17. | Other current liabilities | 85 | |
18. | Provisions for risks and charges | 86 | |
19. | Liabilities for employee benefits | 86 | |
20. | Other non-current liabilities | 87 | |
21. | Share capital | 88 | |
22. | Reserves | 94 | |
23. | Minority shareholders' equity | 95 | |
24. | Other net revenues | 96 | |
25. | Costs by nature | 96 | |
26. | Directors' and statutory auditors' remuneration | 97 | |
27. | Financial income and expenses | 97 | |
28. | Income taxes | 98 | |
29. | Earnings per share | 100 | |
30. | Information on financial assets and liabilities | 101 | |
31. | Information on financial risks | 102 | |
32. | Notes to the cash flow statement | 107 | |
33. | Commitments | 107 | |
34. | Transactions with related parties | 108 | |
35. | Events occurring after the close of the year | 110 | |
Annex 1: Certification of the consolidated financial statements pursuant to art. 81-(3) of | |||
Consob regulation no. 11971 of 14 May 1999 as amended | 111 | ||
Report of the Board of Statutory Auditors on the consolidated financial statements | 112 | ||
Independent auditor's report on the consolidated financial statements | 119 | ||
Interpump Group S.p.A. - Separate Financial Statements at 31 December 2018 | 125 |
Annual Financial Report at 31-12-2018 - Interpump Group
Board of Directors
Fulvio Montipò
Chairman and Chief Executive Officer
Paolo Marinsek
Deputy Chairman
Angelo Busani (a)
Independent Director
Antonia Di Bella
Independent Director
Franco Garilli (a), (b), (c)
Independent Director
Lead Independent Director
Marcello Margotto (b)
Independent Director
Stefania Petruccioli (a), (c)
Independent Director
Paola Tagliavini (a), (c)
Independent Director
Giovanni Tamburi (b)
Non-executive Director
Board of Statutory Auditors
Fabrizio Fagnola
Chairman
Federica Menichetti
Statutory auditor
Alessandra Tronconi
Statutory auditor
Independent Auditors
EY S.p.A.
(a)Member of the Audit and Risks Committee
(b)Member of the Remuneration Committee and Appointments Committee
(c)Member of the Related Party Transactions Committee
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Interpump Group S.p.A. published this content on 02 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2019 10:22:09 UTC