PROSEGUR CASH, S.A. AND SUBSIDIARIES
Condensed consolidated interim financial statements for the six-month period
ended 30 June 2017
(Translation from the original in Spanish. In the event of discrepancy, the Spanish language version prevails)
Contents
I.
CONSOLIDATED INCOME STATEMENT - COSTS BY FUNCTION
4
II.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
5
III.
CONSOLIDATED BALANCE SHEET
6
IV.
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
7
V.
CONSOLIDATED CASH FLOW STATEMENT
9
VI.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
10
1.
General information
10
2.
Basis of presentation, estimates made and accounting policies
11
3.
Changes in the composition of the Group
12
4.
Events to have taken place since year-end 2016
12
5.
Selling, general and administrative expenses
14
6.
Employee benefit expenses
14
7.
Other income and expense
15
8.
Net finance costs
16
9.
Segment reporting
16
10.
Property, plant and equipment, goodwill and other intangible assets
18
10.1. Property, plant and equipment
18
10.2. Goodwill
19
10.3. Other intangible assets
20
11.
Non-current assets held for sale
20
12.
Investments accounted for using the equity method
23
12.1 Joint arrangements
23
13.
Cash and cash equivalents
24
14.
Inventory
25
15.
Equity
25
15.1. Share capital
25
15.2. Treasury shares
25
15.3. Earnings per share
26
16.
Provisions
27
17.
Financial liabilities
30
18.
Tax status
32
19.
Contingencies
32
20.
Business combinations
33
20.1. Goodwill included in 2017
33
20.2. Goodwill reported in 2016 and not reviewed in 2017
34
Contents
Related-party transactions 37
Average headcount 40
Events after the reporting date 40
I. CONSOLIDATED INCOME STATEMENT - COSTS BY FUNCTION
(In thousands of euros)
Six-month period ended on
30 June Note 2017 2016
Revenue
964,156
787,860
Costs to sell
5, 6
(633,524)
(512,761)
Gross profit
330,632
275,099
Other income
7
88,834
10,850
Sale and administrative expenses
5, 6
(158,896)
(141,789)
Other expenses
7
(4,477)
(1,435)
Investment accounted for using the equity method
12
672
(1,463)
Operating profit/loss (EBIT)
256,765
141,262
Finance income
8
14,829
10,219
Finance expenses
8
(10,823)
(10,720)
Net financial expenses
4,006
(501)
Profit before tax
260,771
140,761
Income tax
18
(66,343)
(47,717)
Post-tax profit from continuing operations
194,428
93,044
Profit/(loss) for the year from interrupted operations
11
-
(53,504)
Consolidated profit for the period
194,428
39,540
Attributable to: Owners of the parent
194,427
39,398
Non-controlling interests
1
142
Earnings per share from continuing operations attributable to the owners of the parent (Euros per share)
- Basic
15.3
0.13
0.14
- Diluted
15.3
0.13
0.14
Earnings per share from interrupted operations attributable to the owners of the parent (Euros per share)
- Basic
-
(0.08)
- Diluted
-
(0.08)
The notes included on pages 10 to 40 form an integral part of the condensed consolidated interim financial statements.
Prosegur Cash SA published this content on 26 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 July 2017 07:54:07 UTC.
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Prosegur Cash SA, formerly Prosegur Cit Holding SA, is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The Company operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. It operates through Contesta Teleservicios SAU.
PROSEGUR CASH, S.A. 
