KAUFMAN & BROAD SA expenses and the reclassification of the CVAE charge to income tax. ** Based on the number of shares that make up Kaufman & Broad S.A.'s share capital, i.e. 22,088,023 shares. Consolidated income statement*
EUR thousands Q4 Year Q4 Year
2020 2020 2019^(1) 2019^(1)
Revenue 505,666 1,163,050 442,476 1,472,154
Cost of sales -420,112 -955,874 -354,540 -1,177,866
Gross margin 85,553 207,176 87,936 294,288
Selling expenses -7,673 -21,689 -9,295 -31,031
Administrative expenses -14,089 -52,808 -18,694 -64,437
Technical and customer service expenses -4,402 -19,237 -5,440 -22,200
Development and program expenses -9,598 -33,308 -10,678 -33,196
Current operating income 49,791 80,134 43,829 143,425
Other non-recurring income and expenses 0 0 0 0
Operating income 49,791 80,134 43,829 143,425
Cost of net financial debt -1,263 -9,697 -4,325 -13,313
Other financial income and expense 0 0 0 0
Income tax -12,591 -16,247 -12,187 -38,003
Share of income (loss) of 965 2,324 1,047 3,420
equity affiliates and joint ventures
Net income of the consolidated entity 36,902 56,514 28,364 95,529
Non-controlling equity interests (P&L) 7,411 16,376 5,813 17,638
Attributable net income 29,491 40,138 22,551 77,891 financial expenses and the reclassification of the CVAE charge to income tax. *Not approved by the Board of Directors and not audited. Consolidated balance sheet*
EUR thousands November 30, November 30,
2020 2019**
ASSETS
Goodwill 68,661 68,661
Intangible assets 91,060 91,209
Property, plant and equipment 5,977 5,976
Right-of-use assets 20,388 0
Equity affiliates and joint ventures 5,767 5,929
Other non-current financial assets 7,021 1,756
Deferred tax assets 502 4,002
Non-current assets 199,376 177,533
Inventories 378,451 455,976
Accounts receivable 464,977 511,907
Other receivables 183,896 211,501
Cash and cash equivalents 215,192 208,102
Prepaid expenses 515 1,435
Current assets 1,243,031 1,388,921
TOTAL ASSETS 1,442,407 1,566,454
November 30, November 30,
2020 2019**
LIABILITIES
Share capital 5,743 5,743
Additional paid-in capital 220,539 198,526
Attributable net income 40,138 77,891
Attributable shareholders' equity 266,420 282,160
Minority interests 8,998 10,953
Shareholders' equity 275,418 293,113
Non-current provisions 39,883 37,706
Non-current financial liabilities (maturing in > 1 year) 149,008 148,900
IFRS 16 lease obligations (maturing >1 year) 13,368 0
Deferred tax liability 47,006 50,346
Non-current liabilities 249,265 236,952
Current provisions 2,017 2,529
Other current financial liabilities (maturing in < 1 year) 3,656 3,189
IFRS 16 lease obligations (maturing in < 1 year) 6,322 0
Accounts payable 759,985 907,498
Other payables 144,697 123,047
Prepaid income 1,047 126
Current liabilities 917,724 1,036,389
TOTAL LIABILITIES 1,442,407 1,566,454 **Restated to take account of the change in interpretation of IAS 23 regarding the capitalization of financial expenses and the reclassification of the CVAE charge to income tax. Operational data*
Housing Q4 Year Q4 Year
2020 2020 2019 2019
Revenue (EUR million, excluding VAT) 377.6 963.3 413.9 1,334.0
. Of which apartments 347.5 877.1 381.7 1,232.4
. Of which single family homes in communities 30.1 86.1 32.2 101.6
Deliveries (EHUs) 2,070 5,174 2,303 7,056
. Of which apartments 1,946 4,816 2,174 6,664
. Of which single family homes in communities 124 358 129 392
Net orders (number) 1,605 6,305 2,596 8,222
. Of which apartments 1,552 5,908 2,502 7,856
. Of which single family homes in communities 53 397 94 366
Net orders (EUR million, including VAT) 413.4 1,490.8 562.6 1,709.0
. Of which apartments 402.1 1,378.2 533.7 1,599.6
. Of which single family homes in communities 11.3 112.5 28.9 109.4
End-of-period property supply (in number) 1,999 3,990
End-of-period backlog
. In value terms (EUR million, excluding VAT) 2,383.2 2,069.3
. Of which apartments 2,260.2 1,959.6
. Of which single family homes in communities 122.9 109.8
. In months of business 29.7 18.4
End-of-period land reserve (number) 35,086 33,090
Commercial Property Q4 Year Q4 Year
2020 2020 2019 2019
Revenue (EUR million, excluding VAT) 127.0 194.4 25.8 130.4
Net orders (EUR million, including VAT) 87.2 1,185.5 348.8 467.5
End-of-period backlog (EUR million, excluding VAT) 1,248.0 475.6 ----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file File: 2020 Annual results 1164195 28-Jan-2021 CET/CEST
(END) Dow Jones Newswires
January 28, 2021 12:38 ET (17:38 GMT)
