EXMAR NV EXMAR
HALF YEAR REPORT
2017TABLE OF CONTENTS
01
PANORAMA 2017
Financial summary 3
02 ACTIVITY REPORT
LPG/AMMONIA/PETCHEMS 6
LNG 10
Offshore 14
Supporting Services 18
03
FINANCIAL REPORT
Consolidated financial statements 21
04
COLOPHON, GLOSSARY
Colophon 37
Glossary 38
FINANCIAL SUMMARYCONSOLIDATED KEY FIGURES
International Financial Reporting Standards (IFRS)
(Note 1)
Management reporting based on proportionate consolidation (Note 2)
Restated (*) | Restated (*) | |||
30/06/2017 | 30/06/2016 | 30/06/2017 | 30/06/2016 | |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (IN MILLION USD) | ||||
Turnover | 44.6 | 55.2 | 117.6 | 150.7 |
EBITDA | -17.8 | 14.6 | 30.9 | 72.3 |
Depreciations and impairment losses | -4.2 | -2.3 | -46.3 | -22.1 |
Operating result (EBIT) | -22.0 | 12.3 | -16.3 | 50.2 |
Net finance result | 1.3 | 1.1 | -16.6 | -16.7 |
Share in the result of equity accounted investees (net of income tax) | -12.8 | 19.8 | -0.5 | -0.2 |
Result before tax | -33.5 | 33.2 | -33.4 | 33.3 |
Tax | -0.6 | 0.5 | -0.7 | 0.4 |
Consolidated result after tax | -34.1 | 33.7 | -34.1 | 33.7 |
of which group share | -34.1 | 33.7 | -34.1 | 33.7 |
INFORMATION PER SHARE (IN USD PER SHARE) | ||||
Weighted average number of shares of the period | 56,832,799 | 56,741,655 | 56,832,799 | 56,741,655 |
EBITDA | -0.31 | 0.26 | 0.53 | 1.27 |
EBIT (operating result) | -0.39 | 0.22 | -0.29 | 0.88 |
Consolidated result after tax | -0.60 | 0.59 | -0.60 | 0.59 |
INFORMATION PER SHARE (IN EUR PER SHARE) | ||||
Exchange rate | 1.0789 | 1.1106 | 1.0789 | 1.1106 |
EBITDA | -0.29 | 0.23 | 0.49 | 1.15 |
EBIT (operating result) | -0.36 | 0.20 | -0.27 | 0.80 |
Consolidated result after tax | -0.56 | 0.53 | -0.56 | 0.53 |
Note1: The figures in these colums have been prepared in accordance with IFRS as adopted by the EU.
Note2: The figures in these columns show joint ventures applying the proportionate consolidation method instead of applying the equity method.
The amounts in these columns correspond with the amounts in the 'Total' column of Note 4 Segment Reporting in the Half Year Report as per 30 June 2017.
A reconciliation between the amounts applying the proportionate method and the equity method is shown in Note 5 in the Half Year Report as per 30 June 2017.
(*) IAS 23 requires that borrowing costs which are attributable to the construction of vessels are to be capitalized as part of the asset. As a consequence of the non- application of IAS 23 in prior periods, the opening balances of vessels under construction, the interest cost of the prior period as well as the equity have been restated. We refer to note 6 in the Half Year Report per 30 June 2017.
REBITDA* PER SEGMENT
Mio USD 25
20
15
LPG PRESSURIZED LPG MGCLPG VLGC
LNG OFFSHORE
*Recurring earnings before interests, taxes, depreciation and amortization.
10
5
-5
june 2016
june 2017
june 2016
june 2017
june 2016
june 2017
ACTIVITY REPORTLPG/AMMONIA/PETCHEMS LNG
02 OFFSHORE
SUPPORTING SERVICES
Exmar NV published this content on 08 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 September 2017 16:22:37 UTC.
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