ACCOR CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND NOTES
| Consolidated Income Statement Consolidated Statement of comprehensive income | p. 2 p. 3 |
| Consolidated Statement of financial position Consolidated Cash Flow Statement Changes in Consolidated Shareholders' Equity | p. 4 p. 6 p. 7 |
| Notes to the Condensed Consolidated Financial Statements | p. 9 |
Unless stated otherwise, the amounts presented are in millions of euros, rounded to the nearest million. Generally speaking, the amounts presented in the consolidated financial statements and the notes to the financial statements are rounded to the nearest unit. This may result in a non-material difference between the sum of the rounded amounts and the reported total. All ratios and variances are calculated using the underlying amounts rather than the rounded amounts.
Consolidated Income Statement
In millions of euros | Notes | 1st semester 2016 (*) | 1st semester 2017 |
CONSOLIDATED REVENUE | 4 | 691 | 922 |
Operating expense | 5 | (455) | (566) |
EBITDAR | 236 | 356 | |
Rental expense | 5 | (49) | (53) |
EBITDA | 4 | 187 | 303 |
Depreciation, amortization and provision expense | (52) | (77) | |
EBIT | 4 | 134 | 226 |
Net financial expense | 6 | (93) | (40) |
Share of net profit of associates and joint ventures | (1) | 13 | |
OPERATING PROFIT BEFORE TAX & NON RECURRING ITEMS (INCL. FINANCIAL RESULT) | 40 | 200 | |
Non-recurring income and expense | 7 | 19 | (58) |
OPERATING PROFIT BEFORE TAX (INCLUDING FINANCIAL RESULT) | 59 | 141 | |
Income tax expense | 8 | (20) | 39 |
PROFIT FROM CONTINUING OPERATIONS | 39 | 181 | |
Net profit or Loss from discontinued operations | 46 | (86) | |
NET PROFIT OR LOSS | 84 | 95 | |
Net Profit, Group Share from continuing operations | 30 | 165 | |
Net Profit or Loss, Group Share from discontinued operations | 44 | (88) | |
Net Profit or Loss, Group Share | 74 | 77 | |
Net Profit, Minority interests from continuing operations | 9 | 15 | |
Net Profit or Loss, Minority interests from discontinued operations | 1 | 3 | |
Net Profit, Minority interests | 10 | 18 |
Weighted average number of shares outstanding (in thousands) | 12 | 235,931 | 285,593 |
EARNINGS PER SHARE (in €) | 0.16 | 0.14 | |
Diluted earnings per share (in €) | 12 | 0.16 | 0.14 |
Earnings per share from continuing operations (in €) | (0.03) | 0.45 |
Diluted earnings per share from continuing operations (in €) | (0.03) | 0.45 |
Earnings per share from discontinued operations (in €) | 0.19 | (0.31) |
Diluted earnings per share from discontinued operations (in €) | 0.19 | (0.31) |
(*) In application of IFRS 5, the half-year 2016 financial statements were restated in relation to the data published for the previous year. The impacts of these restatements are detailed in the Note 20.
Consolidated statement of comprehensive income
In millions of euros | Notes | 1st semester 2016 (*) | 1st semester 2017 |
NET PROFIT OR LOSS | 84 | 95 | |
Currency translation adjustments | 3 | (55) | (267) |
Effective portion of gains and losses on cash flow hedges | (12) | (0) | |
Changes in the fair value of available-for-sale financial assets | (12) | 5 | |
Other comprehensive income arising from discontinued operations | (16) | (5) | |
Items that may be reclassified subsequently to profit or loss | 3 | (95) | (267) |
Actuarial gains and losses on defined benefit plans | 2 | (0) | |
Other comprehensive income arising from discontinued operations | (11) | - | |
Items that will not be reclassified to profit or loss | (9) | (0) | |
Other comprehensive income, net of tax | 8 | (104) | (268) |
TOTAL COMPREHENSIVE INCOME | (19) | (173) | |
Profit or loss, Group share | (18) | (192) | |
Profit or loss, Minority interests | (1) | 20 |
(*) In application of IFRS 5, the half-year 2016 financial statements were restated in relation to the data published for the previous year. The impacts of these restatements are detailed in the Note 20.
Consolidated statement of financial position
Assets
Assets In millions of euros | Notes | December 31, 2016 | June 30, 2017 |
GOODWILL | 9 | 1,496 | 1,549 |
INTANGIBLE ASSETS | 10 | 2,401 | 2,294 |
PROPERTY, PLANT AND EQUIPMENT | 10 | 562 | 658 |
Long-term loans | 77 | 56 | |
Investments in associates and Joint-ventures | 11 | 596 | 728 |
Other financial investments | 171 | 100 | |
TOTAL NON-CURRENT FINANCIAL ASSETS | 844 | 884 | |
Deferred tax assets | 233 | 204 | |
Other non-current assets | 9 | 9 | |
TOTAL NON-CURRENT ASSETS | 5,545 | 5,598 | |
Inventories | 15 | 8 | 10 |
Trade receivables | 15 | 374 | 408 |
Other receivables and accruals | 15 | 252 | 296 |
Receivables on disposals of assets | 13 | 24 | 11 |
Short-term loans | 13 | 19 | 17 |
Cash and cash equivalents | 13 | 1,184 | 754 |
TOTAL CURRENT ASSETS | 1,861 | 1,496 | |
Assets classified as held for sale | 3 | 4,457 | 4,732 |
TOTAL ASSETS | 11,864 | 11,827 |
Accor SA published this content on 27 July 2017 and is solely responsible for the information contained herein.
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