Invibes Advertising N : Half-year 2020 - Consolidated financial statements

INVIBES ADVERTISING NV

TECHNOLOGIEPARK 82

9052 ZWIJNAARDE

CONSOLIDATED FINANCIAL STATEMENTS

Interim accounts

From January 1st, 2020 to June 30th, 2020

INVIBES ADVERTISING NV Group

Consolidated accounts on June 30th, 2020

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INVIBES ADVERTISING NV Group

Consolidated accounts on June 30th, 2020

	Table of contents
Consolidated balance sheet ..................................................................................................	5
Consolidated income statement ...........................................................................................	6
Comprehensive income.........................................................................................................	7
Statement of changes in equity ............................................................................................	7
Cash flow statement .............................................................................................................	8
1.	GENERAL INFORMATION................................................................................................	9
1.1. Accounting principles and IFRS estimating methods ...............................................................................................	9
1.2. Determining accounting estimates and judgements..............................................................................................	10
1.3.	Major operations.......................................................................................................................................................................	11
1.4. Scope of the consolidation level ........................................................................................................................................	11
1.5. Translation of the accounts and the operations denominated in a foreign currency ...........................	12
1.6.	Intangible assets........................................................................................................................................................................	13
1.7.	Tangible assets...........................................................................................................................................................................	14
1.8.	Leases..............................................................................................................................................................................................	14
1.9. Impairment loss of tangible and intangible assets..................................................................................................	14
1.10.	Accounts receivable............................................................................................................................................................	15
1.11.	Other debtors.........................................................................................................................................................................	15
1.12.	Prepaid Expenses.................................................................................................................................................................	15
1.13.	Financial assets and liabilities.......................................................................................................................................	15
1.14.	Loans and other financial liabilities ...........................................................................................................................	16
1.15.	Provisions ................................................................................................................................................................................	16
1.16.	Employee benefits ...............................................................................................................................................................	16
1.17.	Consolidated sales revenue ............................................................................................................................................	16
1.18.	Other operating income and expenses .....................................................................................................................	17
1.19.	Cost of financing and other financial income and expenses..........................................................................	17
1.20.	Taxes...........................................................................................................................................................................................	17
1.21.	Payable tax...............................................................................................................................................................................	17
1.22.	Deferred tax ............................................................................................................................................................................	17
1.23.	Earnings per share ..............................................................................................................................................................	18
1.24.	Shareholders' equity...........................................................................................................................................................	18
1.25.	Credit risk.................................................................................................................................................................................	18
1.26.	Liquidity risk..........................................................................................................................................................................	19
1.27.	Market risk ..............................................................................................................................................................................	19
1.28.	Exchange rate risk...............................................................................................................................................................	19
1.29.	Interest rate risk...................................................................................................................................................................	19
1.30.	Operating segment information...................................................................................................................................	19
2. NOTES ON THE ASSETS .................................................................................................	20
2.1	Goodwill.........................................................................................................................................................................................	20
2.2	Intangible assets........................................................................................................................................................................	20
2.3	Tangible assets...........................................................................................................................................................................	21
2.4	Investments and non-current financial assets...........................................................................................................	21
2.5	Trade receivables and other current assets................................................................................................................	22
2.6	Financial assets at fair value ...............................................................................................................................................	22
2.7	Cash and cash equivalents....................................................................................................................................................	22
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INVIBES ADVERTISING NV Group

Consolidated accounts on June 30th, 2020

3. NOTES ON THE LIABILITIES ...........................................................................................	23
3.1	Loans and financial liabilities .............................................................................................................................................	23
3.2	Supplier accounts payable and other current liabilities.......................................................................................	23
4. NOTES ON THE PROFIT AND LOSS ACCOUNT ...............................................................	24
4.1	Operating segments.................................................................................................................................................................	24
4.2	Salaries and social charges...................................................................................................................................................	24
4.3	Amortization expenses and provisions .........................................................................................................................	24
4.4	Other operating income and expenses ..........................................................................................................................	24
4.5	Financial income........................................................................................................................................................................	25
4.6	Gains and losses related to transactions.......................................................................................................................	25
4.7	Tax expenses ...............................................................................................................................................................................	25
5.	ADDITIONAL INFORMATION ........................................................................................	26
5.1	Off-balance sheet commitments........................................................................................................................................	26
5.2	Related parties............................................................................................................................................................................	26
5.3	Distribution of dividends......................................................................................................................................................	26

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