Example: tourism industry

Interim Condensed Consolidated Financial Statements

Interim Condensed Consolidated Financial Statements 30 June 2019. Under IFRS. Lecta Group Interim Report June 2019 - Page 1 / 24. GENERAL INFORMATION .. 3. Interim Condensed Consolidated Financial Statements .. 4. NOTES .. 9. 1. Basis of preparation and accounting policies .. 9. Basis of preparation .. 9. Significant accounting 9. 2. Lecta Group at 30 June 2019 .. 10. Organization Chart .. 10. Consolidated subsidiaries .. 11. Interests in non- Consolidated companies .. 15. 3. Lecta capital structure and Significant events .. 16. Lecta capital structure .. 16. Projects and plans.

Lecta Group Interim Report June 2019 - Page 1 / 24 Interim Condensed . Consolidated Financial Statements . 30 June 2019 . Under IFRS

Tags:

  Testament, Financial, Condensed, Consolidated, Interim, Consolidated financial statements, Interim condensed consolidated financial statements, Interim condensed

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of Interim Condensed Consolidated Financial Statements

1 Interim Condensed Consolidated Financial Statements 30 June 2019. Under IFRS. Lecta Group Interim Report June 2019 - Page 1 / 24. GENERAL INFORMATION .. 3. Interim Condensed Consolidated Financial Statements .. 4. NOTES .. 9. 1. Basis of preparation and accounting policies .. 9. Basis of preparation .. 9. Significant accounting 9. 2. Lecta Group at 30 June 2019 .. 10. Organization Chart .. 10. Consolidated subsidiaries .. 11. Interests in non- Consolidated companies .. 15. 3. Lecta capital structure and Significant events .. 16. Lecta capital structure .. 16. Projects and plans.

2 16. Organization efficiency program .. 16. Mexican subsidiaries .. 16. Acquisition of non-controlling interests in Cogeneraci n Sant Joan AIE .. 16. Temporary shutdown of Line 8 at the Condat mill in France .. 16. Implementation of a new ERP at the Cartiere del Garda mill in Italy .. 17. 4. Information by Operating Segment .. 17. Information about profit or loss .. 18. Information about geographical areas .. 19. 5. Revenue .. 19. 6. Non-recurring items .. 20. 7. Income tax in the income 20. 8. Earnings per 21. 9. Dividends paid and proposed .. 21. 10. Components of other comprehensive income.

3 22. 11. Property, plant and equipment and Investment properties .. 22. 12. Interest-bearing borrowings .. 23. 13. Capital commitments .. 23. 14. Related party disclosures .. 23. Transactions with non- Consolidated companies .. 23. 15. Hedging derivatives on foreign currencies .. 24. 16. Hedging derivatives on interest rates .. 24. 17. Hedging derivatives on raw material prices .. 24. 18. Events after the Statement of Financial Position date .. 24. Lecta Group Interim Report June 2019 - Page 2 / 24. GENERAL INFORMATION. Lecta Group is engaged in the production and sale of Coated Woodfree ( CWF ) and Specialty papers.

4 Lecta Group has production sites in France, Italy and Spain and sells all around the world. It employed circa 3,170 FTE people in the quarter ended 30 June 2019. The parent company of the Lecta Group is Lecta SA, a limited company incorporated and domiciled in the Grand Duchy of Luxembourg. The address of its registered office is: LECTA SA. 20, rue de la Poste L-2346 Luxembourg These Interim Condensed Financial Statements were approved for issue on 28 August 2019. All the amounts in the present report are in thousands of euros (EUR K or K ) unless otherwise stated.

5 Lecta Group Interim Report June 2019 - Page 3 / 24. Interim Condensed Consolidated Financial Statements . Consolidated income statement Lecta Group (in EUR K). Notes Jan to Jun 2019 Jan to Jun 2018. % %. Revenue (5) 734,574 100 747,105 100. Changes in inventories of finished goods and work in process (11,339) (2) 19,054 3. Raw materials and consumables used (373,863) (51) (404,110) (54). Labor costs (93,497) (13) (96,556) (13). Other operating costs except non-recurring items (202,342) (28) (200,352) (27). EBITDA 53,534 7 65,142 9. Depreciation (11) (29,249) (4) (25,146) (3).

6 Amortization (86) (0) 598 0. Non recurring items (6) (1,680) (0) (2,000) (0). Profit (loss) from operations 22,519 3 38,594 5. Financial income 286 0 644 0. Financial expense (31,133) (4) (32,123) (4). Finance costs (12) (30,847) (4) (31,479) (4). Share of results in associates 0 0 0 0. Profit (loss) before tax (8,328) (1) 7,115 1. Income tax (7) (4,305) (1) (5,177) (1). Profit (loss) after tax from continuing operations (12,633) (2) 1,938 0. Profit (loss) after tax from discontinued operations 0 0 0 0. Profit (loss) after tax (12,633) (2) 1,938 0. Attributable to: Equity holders of the parent (8) (13,539) (2) 141 0.

7 Non-controlling interests 906 0 1,797 0. The accompanying Notes are an integral part of these Interim Consolidated Financial Statements . Lecta Group Interim Report June 2019 - Page 4 / 24. Consolidated statement of comprehensive income Lecta Group (in EUR K). Notes Jan to Jun 2019 Jan to Jun 2018. Profit (loss) for the period (12,633) 1,938. Exchange differences on translation of foreign operations 17 137. Net (loss)/gain on cash flow hedges (10) 0 0. Income tax effect 0 0. 0 0. Net (loss)/gain on Unlisted securities (10) (132) 0. Income tax effect 0 0. (132) 0. Net other comprehensive income to be reclassified to profit (116) 137.

8 Or loss in subsequent periods Actuarial gains (losses) on defined benefits plans 0 0. Income tax effect 0 0. 0 0. Net other comprehensive income not being reclassified to 0 0. profit or loss in subsequent periods Other comprehensive income, net of tax (116) 137. Total comprehensive income, net of tax (12,748) 2,076. Attributable to: Equity holders of the parent (13,654) 278. Non-controlling interests 906 1,797. The accompanying Notes are an integral part of these Interim Consolidated Financial Statements . Lecta Group Interim Report June 2019 - Page 5 / 24. Consolidated statement of Financial position Lecta Group (in EUR K).

9 30 Jun 31 Dec 30 Jun Notes 2019 2018 2018. ASSETS. Property, plant and equipment (11) 499,330 473,852 474,951. Investment properties (11) 1,363 1,363 1,363. Goodwill 118,252 118,252 118,252. Other intangible assets 2,319 6,203 2,629. Unlisted securities 77 77 141. Biological assets 287 284 284. Deferred income tax assets 54,223 54,477 47,293. Other non-current receivables 1,484 1,472 1,623. Non-current assets 677,335 655,981 646,536. Income tax receivable 2,427 7,125 6,157. Inventories 224,302 238,809 227,698. Trade receivables 220,445 212,643 224,716. Prepayments 1,165 666 1,244.

10 Other current receivables 5,468 8,788 9,027. Cash & cash equivalents 78,895 107,227 101,088. Current assets 532,701 575,257 569,930. TOTAL ASSETS 1,210,036 1,231,239 1,216,466. EQUITY & LIABILITIES. Paid-in capital 1,446 1,446 1,446. Share premium 136,669 136,669 136,669. Net incomes (expenses) recognized directly through Equity (7,993) (7,861) (8,079). Foreign currency translation (1,313) (1,329) (1,312). Accumulated net profits (losses) (46,706) (33,167) (34,620). Equity holders of the parent 82,103 95,757 94,103. Non-controlling interests 5,034 5,564 17,568. TOTAL EQUITY 87,137 101,321 111,671.


Related search queries