SOCIÉTÉ FONCIÈRE LYONNAISE SOCIEÉTEÉFONCIEÈRELYONNAISE
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
A - Consolidated Statement of Financial Position
B - Consolidated Statement of Comprehensive Income
C - Consolidated Statement of Changes in Equity
D - Consolidated Statement of Cash Flows
E - Notes to the Consolidated Financial Statements
I- | Accounting Policies |
II - | Significant Events of the Year |
III - | Segment Information |
IV - | Intangible Assets, Property and Equipment, and Investment Property |
V- | Operating Activities |
VI - | Financing Activities |
VII - | Equity and Earnings Per Share |
VIII - | Provisions |
IX - | Remuneration and Other Employee Benefits |
X- | Income Taxes |
XI - | Off-Balance Sheet Commitments |
XII - | Note to the Statement of Cash Flows |
XIII - | Scope of Consolidation |
The consolidated financial statements were approved for publication by the Board of Directors on 11 February 2021.
A - Consolidated Statement of Financial Position
(in thousands of euros)
ASSETS
Intangible assets Property and equipment Investment property Non-current financial assets Other non-current assets
Total non-current assets
Investment property held for sale Trade and other receivables Other current assets
Cash and cash equivalents
Total current assets
Total assets
Notes
Section E
(in thousands of euros)
EQUITY AND LIABILITIES
Section E
IV-1 | 1,244 | 532 |
IV-2 | 20,804 | 20,325 |
IV-4 | 7,081,176 | 7,045,049 |
VI-5 | 514 | 8,225 |
V-4 | 26,832 | 8,233 |
7,130,570 | 7,082,364 | |
IV-5 | 259,459 | - |
V-3 | 83,431 | 78,735 |
V-4 | 2,050 | 234 |
VI-6 | 15,283 | 54,002 |
360,223 | 132,971 | |
7,490,793 | 7,215,335 | |
Notes | 31 Dec. 2020 | 31 Dec. 2019 |
Share capital Reserves
Profit for the year
Equity attributable to owners of the parent
Non-controlling interests
Total non-controlling interestsTotal equity
Long-term borrowings and derivative instruments Long-term provisions
Deferred tax liabilities Accrued taxes
Other non-current liabilities
Total non-current liabilities
Trade and other payables
Short-term borrowings and other interest-bearing debt Short-term provisions
Other current liabilities
Total current liabilities
Total equity and liabilities
93,058 | 93,058 | |
4,266,590 | 3,802,389 | |
286,879 | 589,758 | |
4,646,526 | 4,485,205 | |
550,442 | 551,770 | |
550,442 | 551,770 | |
VII-1 | 5,196,968 | 5,036,975 |
VI-1 | 1,476,560 | 1,441,490 |
VIII-1 | 1,608 | 1,414 |
X-2 | 217,266 | 221,571 |
X-3 | - | 5,142 |
V-6 | 27,691 | 26,870 |
1,723,126 | 1,696,487 | |
V-5 | 43,708 | 26,196 |
VI-1 | 480,937 | 392,814 |
VIII-1 | 1,007 | 1,123 |
V-6 | 45,047 | 61,740 |
570,699 | 481,873 | |
7,490,793 | 7,215,335 |
31 Dec. 2019
B - Consolidated Statement of Comprehensive Income
(in thousands of euros)
Notes
2020
2019(1)Section ERental income
Gross property expenses
Property expenses recovered from tenants Property expenses, net of recoveries
(40,291) 31,990 (8,302)
Net property rentals
Other income
Depreciation, amortisation and impairment Provision expense, net
Employee benefits expense Other expenses
Profit/(loss) on disposal of other assets
Fair value adjustments to investment property
Operating profit
176,526 329,134
V-1
V-2
IV-3
VIII-2
IX-1
V-7
Finance costs and other financial expenses VI-2
Financial income VI-2
Fair value adjustments to financial instruments VI-3 Discounting adjustments to receivables and payables
Other financial income and expenses VI-3
Profit before income tax
Income tax benefit/(expense)
X-1-2
Profit for the year
Attributable to owners of the parent
Attributable to non-controlling interests Earnings per share
Diluted earnings per share
9,472 €6.19 €6.18
174,122
4,336
(915)
198,710
(42,902) 33,005 (9,897)
188,813
9,003
(1,386)
(728)
(13,682)
(9,254)
(3)
526,889 699,652
1,548 296,351
(26,696)
73
(1,181)
(319)
- 671,529
(23,809)
647,720
589,758
57,962 €12.74 €12.71
Other comprehensive income
Actuarial gains and losses
Items that will not be reclassified to profit or loss Valuation gains and losses on financial instruments (cash flow hedges)
Items that may be reclassified subsequently to profit or loss
Other comprehensive income/(expense)
Comprehensive incomeAttributable to owners of the parent
Attributable to non-controlling interests
290,369 280,896 9,472
VIII-1
(115) (115)VI-3
(57) (57)
(5,867) (5,867)
(5,983)
5,697 5,697 5,640
653,360 595,398 57,962
(1) The presentation of finance costs and other financial expenses and financial income has been changed to present capitalised interest in accordance with IAS 23 - Borrowing Costs. The reclassification has no impact on either "Finance costs and other financial income and expenses, net" or "Profit for the year".
SFL 2020 CONSOLIDATED FINANCIAL STATEMENTS - 3
C - Consolidated Statement of Changes in Equity
(in thousands of euros)
Share capital
Equity at 31 December 2018
93,058
Movements for the year Profit for the year
Other comprehensive income/(loss), net of tax
Comprehensive income
Appropriation of profit Treasury share transactions
Gains and losses on sales of treasury shares Share-based payments
Dividends paid to owners of the parent
- - - - - - - -
Equity at 31 December 2019
93,058
Movements for the year Profit for the year
Other comprehensive income/(loss), net of tax
Comprehensive income
Appropriation of profit Treasury share transactions
Gains and losses on sales of treasury shares Share-based payments
Dividends paid to owners of the parent
- - - - - - - -
Equity at 31 December 2020
Share premium accountRevaluation reserve
556,116
- - - - - - - -
556,116
- - - - - - - -
93,058
22,621
- - - - - - - -
22,621
- - - - - - - -
556,116
Treasury shares
(18,317)
- - - - 2,774 (2,393)
- -
(17,936)
- - - - 2,635 (2,652)
- -
22,621
Cash flow hedges
-
- 5,697 5,697 - - - - -
5,697
- (5,867)
(5,867)
- - - - -
(17,953)
Other reserves
Profit for the year
3,004,744
- (57)
(57)
351,636 - - 2,282 (122,711)
3,235,894
- (115)
(115)
589,758 - - 3,270 (122,828)
(170)
351,636
589,758 - 589,758
(351,636)
- - - -
589,758
286,879 - 286,879
(589,758)
- - - -
3,705,978
Equity attributable to owners of the parentEquity attributable to non- controlling interests
589,758 5,640 595,398 -
2,774
(2,393)
2,282
(122,711)
502,107
57,962 - 57,962 - - - - (8,299)
4,485,205
551,770
286,879 (5,983)
280,896 -
2,635
(2,652)
3,270
(122,828)
9,472 - 9,472 - - - - (10,801)
286,879
Total equity
4,511,963
647,720 5,640 653,360
2,774
(2,393)
2,282
(131,010)
5,036,975
296,351 (5,983) 290,368
2,635
(2,652)
3,270
(133,629)
4,646,526
550,442
5,196,968
SFL 2020 CONSOLIDATED FINANCIAL STATEMENTS - 4
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SFL - Société Foncière Lyonnaise SA published this content on 11 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2021 18:20:06 UTC.
