ICADE 31 December 2015
CONTENTS
CONSOLIDATED FINANCIAL STATEMENTS 3
Consolidated income statement 3
Consolidated Statement of Financial Position 4
Consolidated cash flow statement 5
Statement of changes in consolidated equity 6
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 8
(in millions of euros) | Notes | 31/12/2015 | 31/12/2014 restated (1) |
Revenues | 5.1.1 | 1,439.7 | 1,718.3 |
Revenue from other related business | 3.6 | 3.5 | |
Net business‐related financial income | ‐ | 0.1 | |
Income from operating activity | 1,443.3 | 1,722.0 | |
Purchases used | (717.5) | (956.3) | |
Outside services | (97.3) | (108.4) | |
Tax, duty and similar payments | (11.1) | (12.5) | |
Personnel charges, profit sharing and share incentive scheme | (108.5) | (120.5) | |
Other business‐related charges | (7.5) | (4.6) | |
Charges on operating activities | (941.9) | (1,202.2) | |
EBITDA | 501.5 | 519.7 | |
Depreciation charges net of investment grants | (281.8) | (273.5) | |
Charges and reversals related to impairment on tangible, financial and other current | assets | (310.2) | (5.5) |
Profit/(loss) on acquisitions | (0.3) | ‐ | |
Profit/(loss) from disposals | 5.1.2 | 129.2 | 99.1 |
Impairment on goodwill and intangible assets | 0.1 | (0.8) | |
Share in profit/(loss) of equity‐accounted companies | 4.4 | (8.4) | 6,2 |
OPERATING PROFIT/(LOSS) | 29.9 | 345.2 | |
Cost of gross debt | (133.2) | (149.6) | |
Net income from cash and cash equivalents, related loans and receivables | 9.2 | 18.6 | |
Cost of net debt | (123.9) | (131.0) | |
Other financial income and charges | (2.2) | (9.7) | |
FINANCIAL PROFIT/(LOSS) | 5.2 | (126.1) | (140.7) |
Income tax expense | 5.3 | (63.5) | (32.3) |
Profit/(loss) from discontinued operations | 6 | (20.5) | 0.6 |
NET PROFIT/(LOSS) | (180.2) | 172.8 | |
Profit/(loss): share of non‐controlling interests | 4.13 | 27.4 | 21.3 |
Net profit/(loss): attributable to owners of the company | (207.6) | 151.5 | |
Net income, Group share per share (in euros) | 5.4 | (2.82) | 2.06 |
Net income, Group share per share after dilution (in euros) | 5.4 | (2.81) | 2.05 |
NET PROFIT/(LOSS) FOR THE PERIOD | (180.2) | 172.8 |
Other items of comprehensive income: | 26.6 | 5.1 |
Other comprehensive income recyclable in the income statement: | ||
Financial assets available for sale | (1.2) | ‐ |
- Changes in fair value recognised directly in equity | (1.2) | ‐ |
Recyclable cash flow hedging | 27.8 | 5.1 |
- Changes in fair value recognised directly in equity | 29.4 | 1.0 |
- Transfer to income statement of instruments not qualified for hedging | (1.7) | 4.1 |
Other comprehensive income not recyclable in the income statement: | 2.0 | (4.7) |
Actuarial gains and losses and adjustments of the asset ceiling | 2.7 | (4.9) |
Taxes on actuarial gains and losses and adjustments of the asset ceiling | (0.6) | 0.3 |
Total comprehensive profit/(loss) recognised in equity | 28.6 | 0.6 |
Including transfer to net income | (1.7) | 4.1 |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | (151.6) | 173.3 |
- Share of non‐controlling interests | 28.3 | 18.2 |
- Group share | (179.9) | 155.1 |
(1) Reclassification of the Services activity to the income statement of discontinued operations in accordance with IFRS 5.
CONSOLIDATED FINANCIAL STATEMENTS ICADE 2015 REPORT 3
Consolidated Statement of Financial PositionASSETS (in millions of euros) | Notes | 31/12/2015 | 31/12/2014 |
Goodwill | 4.1 | 46.3 | 69.5 |
Net intangible assets | 5.1 | 4.0 | |
Net tangible assets | 4.2 | 79.0 | 85.4 |
Net investment properties | 4.2 | 7,989.8 | 7,844.2 |
Non‐current securities available for sale | 4.3 | 27.1 | 16.9 |
Equity‐accounted securities | 4.4 | 114.9 | 137.0 |
Other non‐current and derivative financial assets | 4.5 | 4.6 | 3.2 |
Deferred tax assets | 5.3.2 | 17.6 | 17.8 |
TOTAL NON‐CURRENT ASSETS | 8,284.3 | 8,178.0 | |
Stocks and in‐progress | 4.6 | 430.5 | 450.8 |
Trade receivables | 4.7 | 449.3 | 549.7 |
Amounts due from customers (building contracts and off‐plan sales) | 4.8 | 30.5 | 21.9 |
Tax receivables | 22.3 | 5.4 | |
Miscellaneous receivables | 4.9 | 228.7 | 376.5 |
Other current and derivative financial assets | 4.5 | 149.9 | 139.6 |
Cash and cash equivalents | 4.10 | 451.4 | 478.2 |
Assets held for sale | 6 | 156.8 | ‐ |
TOTAL CURRENT ASSETS | 1,919.3 | 2,022.1 | |
TOTAL ASSETS | 10,203.7 | 10,200.1 | |
LIABILITIES (in millions of euros) | Notes | 31/12/2015 | 31/12/2014 |
Capital | 4.12 | 113.0 | 112.8 |
Premiums | 2,692.0 | 2,686.1 | |
Treasury shares | (40.0) | (40.1) | |
Revaluation reserves | (64.5) | (89.9) | |
Other reserves | 1,099.5 | 1,221.9 | |
Net income attributable to owners of the company | (207.6) | 151.5 | |
Equity - attributable to owners of the company | 3,592.5 | 4,042.3 | |
Non‐controlling interests | 4.13 | 675.0 | 487.9 |
EQUITY | 4,267.4 | 4,530.2 | |
Non‐current provisions | 4.14 | 28.7 | 35.7 |
Long‐term financial debt | 4.15 | 3,771.5 | 3,671.5 |
Tax payable | 12.2 | 1.6 | |
Deferred tax payable | 5.3.2 | 10.7 | 11.9 |
Other non‐current and financial liabilities | 4.17 | 133.9 | 162.5 |
TOTAL NON‐CURRENT LIABILITIES | 3,956.9 | 3,883.2 | |
Current provisions | 4.14 | 37.3 | 39.1 |
Current financial debts | 4.15 | 901.1 | 704.7 |
Current tax payable | 64.9 | 7.5 | |
Trade payables | 359.8 | 410.9 | |
Amounts due to customers (building contracts and off‐plan sales) | 4.8 | 7.2 | 1.6 |
Miscellaneous current payables | 4.16 | 446.7 | 609.4 |
Other current and derivative financial liabilities | 4.17 | 6.8 | 13.5 |
Liabilities intended to be sold | 6 | 155.5 | ‐ |
TOTAL CURRENT LIABILITIES | 1,979.3 | 1,786.7 | |
TOTAL LIABILITIES AND EQUITY | 10,203.7 | 10,200.1 | |
Icade SA issued this content on 22 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 February 2016 22:26:09 UTC
Original Document: http://www.icade.fr/en/content/download/13714/151925/version/2/file/Comptes+consolidés+31-12-2015+V+UK.pdf
