ICADE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2020
TABLE OF CONTENTS
Consolidated cash flow statement .................................................................................................................................................................................... 5
Consolidated statement of changes in equity ................................................................................................................................................................... 6
2. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS .................................................................................................................................. 7
• CONSOLIDATED FINANCIAL STATEMENTS •
1. Consolidated financial statements
Unless otherwise stated, the consolidated financial statements are presented in millions of euros, rounded to the nearest hundred thousand euros. Rounding differences may therefore occur in the financial statements presented.
Consolidated income statement
(in millions of euros)
Basic earnings per share attributable to the Group (in €)
- Including continuing operations per share
- Including discontinued operations per share
Diluted earnings per share attributable to the Group (in €)
- Including continuing operations per share
- Including discontinued operations per share
Consolidated statement of comprehensive income
Notes
Revenue 8.1. Other income from operations | 1,440.2 | 1,522.9 4.3 |
6.5 | ||
Income from operating activities | 1,446.7 | 1,527.2 |
Purchases used Outside services Taxes, duties and similar payments Staff costs, performance incentive scheme and profit sharing Other operating expenses | (615.8) | (704.6) (83.9) (5.5) (134.4) (12.7) |
(92.0) | ||
(5.4) | ||
(130.3) | ||
(29.4) | ||
Expenses from operating activities | (873.0) | (941.1) |
EBITDA | 573.7 | 586.1 |
Depreciation charges net of government investment grants Charges and reversals related to impairment of tangible, financial and other current assets 5.3.2. Profit/(loss) from acquisitions Profit/(loss) on asset disposals Share of net profit/(loss) of equity-accounted companies 9.2.1. | (358.7) | (336.6) 9.9 (5.1) 207.3 (10.7) |
(32.0) | ||
(1.6) | ||
13.2 | ||
(10.6) | ||
OPERATING PROFIT/(LOSS) | 184.0 | 450.9 |
Cost of gross debt Net income from cash and cash equivalents, related loans and receivables | (113.1) | (105.5) 7.0 |
8.4 | ||
Cost of net financial liabilities Other finance income and expenses | (104.7) | (98.5) (8.5) |
(13.9) | ||
FINANCE INCOME/(EXPENSE) 6.1.4. | (118.6) | (107.0) |
Tax expense 10.1. | (5.2) | (8.1) |
Net profit/(loss) from continuing operations Profit/(loss) from discontinued operations | 60.3 | 335.7 2.5 |
3.2 | ||
NET PROFIT/(LOSS) | 63.4 | 338.2 |
Including net profit/(loss) attributable to the Group | 24.2 | 300.2 |
- Including continuing operations - Including discontinued operations | 21.1 | 297.7 2.5 |
3.2 | ||
Including net profit/(loss) attributable to non-controlling interests | 39.2 | 38.0 |
7.4.1.
€0.28 €0.04
7.4.2.
(in millions of euros)
NET PROFIT/(LOSS)
Other comprehensive income:
- Recyclable to the income statement - cash flow hedges
- Change in fair value
- Recycling to the income statement
- Non-recyclable to the income statement
- Actuarial gains and losses
- Taxes on actuarial gains and losses
Comprehensive income recognised in equity
- Including transfer to net profit/(loss)
COMPREHENSIVE INCOME
- Attributable to the Group
- Attributable to non-controlling interests
63.4 |
(22.1) |
(21.1) |
(1.0) |
(0.1) |
(0.0) |
(0.1) |
(22.3) |
(1.0) |
41.2 |
6.1 |
35.1 |
2020
€0.33
€0.33
2020
2019
€4.06 €4.03 €0.03 €4.06
2019 338.2
(32.1)
(37.1)
5.0
(1.8)
(2.1) 0.3
(33.9)
5.0
304.3 271.8 32.5
• CONSOLIDATED FINANCIAL STATEMENTS •
Consolidated statement of financial position
ASSETS
(in millions of euros) | Notes | 12/31/2020 | 12/31/2019 |
Goodwill | 9.1.1. | 45.3 | 45.3 |
Other intangible fixed assets | 9.1.1. | 21.7 | 19.5 |
Tangible fixed assets | 9.1.2. | 52.4 | 61.2 |
Net investment property | 5.1.1. | 9,985.9 | 9,760.7 |
Equity-accounted investments | 9.2. | 122.0 | 132.1 |
Financial assets at fair value through profit or loss | 6.1.5. | 22.2 | 23.8 |
Financial assets at amortised cost | 6.1.5. | 41.0 | 8.1 |
Derivative assets | 6.1.3. | 0.0 | 0.4 |
Deferred tax assets | 10.3. | 18.0 | 14.8 |
NON-CURRENT ASSETS | 10,308.5 | 10,065.8 | |
Inventories and work in progress | 8.2.2. | 472.1 | 563.1 |
Contract assets | 8.2.3. | 125.9 | 327.3 |
Accounts receivable | 8.2.3. | 319.9 | 344.5 |
Tax receivables | 6.2 | 19.6 | |
Miscellaneous receivables | 8.2.4. | 291.0 | 344.0 |
Financial assets at amortised cost | 6.1.5. | 97.0 | 66.5 |
Derivative assets | 6.1.3. | 7.0 | 5.9 |
Cash and cash equivalents | 6.1.6. | 1,190.1 | 767.1 |
Assets held for sale and discontinued operations | 5.1.2. | - | 9.8 |
CURRENT ASSETS | 2,509.2 | 2,447.7 | |
TOTAL ASSETS | 12,817.7 | 12,513.5 | |
LIABILITIES | |||
(in millions of euros) | Notes | 12/31/2020 | 12/31/2019 |
Share capital | 7.1.1. | 113.6 | 113.6 |
Share premium | 2,644.4 | 2,644.4 | |
Treasury shares | (39.2) | (43.6) | |
Revaluation reserves | 6.1.3. | (53.1) | (34.8) |
Other reserves | 166.7 | 188.9 | |
Net profit/(loss) attributable to the Group | 24.2 | 300.2 | |
Equity attributable to the Group | 2,856.5 | 3,168.7 | |
Non-controlling interests | 7.3.1. | 894.9 | 926.1 |
EQUITY | 3,751.4 | 4,094.8 | |
Provisions | 11.1. | 32.1 | 32.0 |
Financial liabilities at amortised cost | 6.1.1. | 6,352.0 | 6,134.7 |
Lease liabilities | 8.3. | 50.5 | 59.1 |
Tax liabilities | 10.5 | 15.2 | |
Deferred tax liabilities | 10.3. | 12.6 | 13.3 |
Other financial liabilities | 73.6 | 69.2 | |
Derivative liabilities | 6.1.3. | 73.8 | 53.6 |
NON-CURRENT LIABILITIES | 6,605.1 | 6,377.1 | |
Provisions | 11.1. | 37.6 | 42.8 |
Financial liabilities at amortised cost | 6.1.1. | 1,311.8 | 703.3 |
Lease liabilities | 8.3. | 8.0 | 8.9 |
Tax liabilities | 15.0 | 16.0 | |
Contract liabilities | 8.2.3. | 43.8 | 12.1 |
Accounts payable | 491.1 | 662.0 | |
Miscellaneous payables | 8.2.4. | 548.9 | 588.1 |
Other financial liabilities | 1.2 | 1.4 | |
Derivative liabilities | 6.1.3. | 0.8 | 0.8 |
Liabilities related to assets held for sale and discontinued operations | 5.1.2. | 3.1 | 6.3 |
CURRENT LIABILITIES | 2,461.2 | 2,041.6 | |
TOTAL LIABILITIES AND EQUITY | 12,817.7 | 12,513.5 |
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Icade SA published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 06:55:03 UTC.
