ETX-10829_Etex-AR2017_WEB_2018_DEF2 (2)

6.1
Financial report
Consolidated financial statements
Etex Annual Report 2017
Financial report
Consolidated financial statements
Consolidated statement of changes in equity
in thousands of
EUR
Issued
share
capital
and share
premiums
Attributable to the equity holders of Etex
Treasury
shares
Post
employment
benefits
reserves and
financial
instruments
Translation
Other
reserves
and
retained
earnings
Noncontrolling
interests
Total
Equity
At December
31, 2015
8,216 -19,988 -189,405 -180,696 1,265,315 35,529 918,971
Total
comprehensive
- - -100,674 -15,410 127,198 -5,055 6,058
income
Capital
increase /
- - - - -23 -11 -34
(decrease)
Dividend - - - - -34,392 -2,030 -36,422
Other
transactions
- - 229 7 -228 - 8
with owners
At December
31, 2016
8,216 -19,988 -289,850 -196,099 1,357,869 28,433 888,581
Total
comprehensive
- - 65,605 -48,061 146,241 2,196 165,981
income
Capital
increase /
-4,940 - - - 280 - -4,660
(decrease)
Dividend - - - - -37,519 -1,550 -39,069
Other
transactions
- - - - 1,290 -1,290 -
with owners
Treasury
shares
- - - - - - -
At December
31, 2017
3,276 -19,988 -224,245 -244,160 1,468,162 27,788 1,010,833
Accounting policies
Etex S.A. (the “Company”) is a company domiciled in Belgium. The consolidated financial statements comprise the Company and its
subsidiaries, interests in jointly controlled entities and equity accounted investees (together referred to as “the Group”) as at 31
December each year.
The financial statements have been authorised for issue by the Board of Directors on 28 March 2018.
Statement of compliance
The consolidated financial statements of Etex for the year ended 31 December 2017 have been prepared in accordance with
International Financial Reporting Standards (IFRS) and its interpretations as issued by the International Accounting Standards Board
(IASB) as adopted by the European Union (EU).
The Group applied the same IFRSs as those adopted in the previous years, except for the new IFRSs and interpretations the entity
adopted as of 1 st January 2017.
The nature and the impact of each of the following new standards, amendments and/or interpretations are described below:
- Amendments to IAS 7 Statements of Cash Flows, effective 1 January 2017
- Amendments to IAS12 Income taxes: Recognition of Deferred Tax Assets for Unrealised Losses, effective 1 January 2017
- Annual Improvements to IFRSs 2014-2016 Cycle (issued December 2016), effective 1 January 2017
Basis of preparation
A - Functional and presentation currency
The consolidated financial statements are presented in Euro, which is the Company’s functional and presentation currency. All values are
rounded to the nearest thousand except when otherwise indicated.
B - Basis of measurement
The consolidated financial statements are prepared on the historical cost basis except that the following assets are stated at their fair
value: derivative financial instruments. Also, the liabilities for cash-settled share based payment arrangements are measured at fair
value. The consolidated financial statements have been prepared using the accrual basis for accounting, except for cash flow
information.
Etex Annual Report 2017 p. 5
Etex Annual Report 2017 p. 6
100 101