expenses and the reclassification of the CVAE charge to income tax. ** Based on the number of shares that make up Kaufman & Broad S.A.'s share capital, i.e. 22,088,023 shares. Consolidated income statement*
EUR thousands Q4 Year Q4 Year 2020 2020 2019^(1) 2019^(1) Revenue 505,666 1,163,050 442,476 1,472,154 Cost of sales -420,112 -955,874 -354,540 -1,177,866 Gross margin 85,553 207,176 87,936 294,288 Selling expenses -7,673 -21,689 -9,295 -31,031 Administrative expenses -14,089 -52,808 -18,694 -64,437 Technical and customer service expenses -4,402 -19,237 -5,440 -22,200 Development and program expenses -9,598 -33,308 -10,678 -33,196 Current operating income 49,791 80,134 43,829 143,425 Other non-recurring income and expenses 0 0 0 0 Operating income 49,791 80,134 43,829 143,425 Cost of net financial debt -1,263 -9,697 -4,325 -13,313 Other financial income and expense 0 0 0 0 Income tax -12,591 -16,247 -12,187 -38,003 Share of income (loss) of 965 2,324 1,047 3,420 equity affiliates and joint ventures Net income of the consolidated entity 36,902 56,514 28,364 95,529 Non-controlling equity interests (P&L) 7,411 16,376 5,813 17,638 Attributable net income 29,491 40,138 22,551 77,891 financial expenses and the reclassification of the CVAE charge to income tax. *Not approved by the Board of Directors and not audited. Consolidated balance sheet* EUR thousands November 30, November 30, 2020 2019** ASSETS Goodwill 68,661 68,661 Intangible assets 91,060 91,209 Property, plant and equipment 5,977 5,976 Right-of-use assets 20,388 0 Equity affiliates and joint ventures 5,767 5,929 Other non-current financial assets 7,021 1,756 Deferred tax assets 502 4,002 Non-current assets 199,376 177,533 Inventories 378,451 455,976 Accounts receivable 464,977 511,907 Other receivables 183,896 211,501 Cash and cash equivalents 215,192 208,102 Prepaid expenses 515 1,435 Current assets 1,243,031 1,388,921 TOTAL ASSETS 1,442,407 1,566,454 November 30, November 30, 2020 2019** LIABILITIES Share capital 5,743 5,743 Additional paid-in capital 220,539 198,526 Attributable net income 40,138 77,891 Attributable shareholders' equity 266,420 282,160 Minority interests 8,998 10,953 Shareholders' equity 275,418 293,113 Non-current provisions 39,883 37,706 Non-current financial liabilities (maturing in > 1 year) 149,008 148,900 IFRS 16 lease obligations (maturing >1 year) 13,368 0 Deferred tax liability 47,006 50,346 Non-current liabilities 249,265 236,952 Current provisions 2,017 2,529 Other current financial liabilities (maturing in < 1 year) 3,656 3,189 IFRS 16 lease obligations (maturing in < 1 year) 6,322 0 Accounts payable 759,985 907,498 Other payables 144,697 123,047 Prepaid income 1,047 126 Current liabilities 917,724 1,036,389 TOTAL LIABILITIES 1,442,407 1,566,454 **Restated to take account of the change in interpretation of IAS 23 regarding the capitalization of financial expenses and the reclassification of the CVAE charge to income tax. Operational data* Housing Q4 Year Q4 Year 2020 2020 2019 2019 Revenue (EUR million, excluding VAT) 377.6 963.3 413.9 1,334.0 . Of which apartments 347.5 877.1 381.7 1,232.4 . Of which single family homes in communities 30.1 86.1 32.2 101.6 Deliveries (EHUs) 2,070 5,174 2,303 7,056 . Of which apartments 1,946 4,816 2,174 6,664 . Of which single family homes in communities 124 358 129 392 Net orders (number) 1,605 6,305 2,596 8,222 . Of which apartments 1,552 5,908 2,502 7,856 . Of which single family homes in communities 53 397 94 366 Net orders (EUR million, including VAT) 413.4 1,490.8 562.6 1,709.0 . Of which apartments 402.1 1,378.2 533.7 1,599.6 . Of which single family homes in communities 11.3 112.5 28.9 109.4 End-of-period property supply (in number) 1,999 3,990 End-of-period backlog . In value terms (EUR million, excluding VAT) 2,383.2 2,069.3 . Of which apartments 2,260.2 1,959.6 . Of which single family homes in communities 122.9 109.8 . In months of business 29.7 18.4 End-of-period land reserve (number) 35,086 33,090 Commercial Property Q4 Year Q4 Year 2020 2020 2019 2019 Revenue (EUR million, excluding VAT) 127.0 194.4 25.8 130.4 Net orders (EUR million, including VAT) 87.2 1,185.5 348.8 467.5 End-of-period backlog (EUR million, excluding VAT) 1,248.0 475.6 ----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file File: 2020 Annual results
1164195 28-Jan-2021 CET/CEST
(END) Dow Jones Newswires
January 28, 2021 12:38 ET (17:38 GMT)