ETX-10829_Etex-AR2017_WEB_2018_DEF2 (2)
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6.1<br />
Financial report<br />
Consolidated financial statements<br />
<strong>Etex</strong> Annual Report 2017<br />
Financial report<br />
Consolidated financial statements<br />
Consolidated<br />
financial statements<br />
Consolidated income statement<br />
in thousands of EUR Notes 2016 2017<br />
Revenue (1) 2,736,817 2,793,738<br />
Cost of sales (2) -1,902,330 -1,932,062<br />
Gross profit 834,487 861,676<br />
Distribution expenses (2) -395,444 -389,309<br />
Administrative and general expenses (2) -171,075 -185,842<br />
Other operating charges (3) -28,392 -28,777<br />
Other operating income (3) 8,774 7,914<br />
Operating income before non recurring items 248,350 265,662<br />
Gain and losses on disposal of assets and businesses (4) -2,198 38,114<br />
Other non recurring items (4) -69,762 -35,153<br />
Operating income (EBIT) 176,390 268,623<br />
Interest income (5) 3,462 4,687<br />
Interest expenses (5) -63,599 -47,150<br />
Other financial income (5) 441 8,786<br />
Other financial expense (5) -11,815 -19,922<br />
Share of profit in equity accounted investees (12) 1,250 1,220<br />
Profit before income tax 106,129 216,243<br />
Income tax expense (6) -17,027 -62,909<br />
Profit for the year from continuing operations 89,102 153,334<br />
Attributable to shareholders of <strong>Etex</strong> 86,337 148,036<br />
Attributable to non-controlling interests 2,765 5,298<br />
Profit from discontinued operations (30) 40,861 -<br />
Profit for the year 129,963 153,334<br />
Attributable to shareholders of <strong>Etex</strong> 127,198 148,036<br />
Attributable to non-controlling interests 2,765 5,298<br />
Consolidated statement of comprehensive income<br />
in thousands of EUR 2016 2017<br />
Profit for the year 129,963 153,334<br />
Changes in employee benefits reserves -122,895 80,674<br />
Income tax effect 21,187 -14,247<br />
Net other comprehensive income not to be reclassified to income statement in subsequent periods -101,709 66,427<br />
Changes in cash flow hedge reserves 1,351 2,519<br />
Income tax effect -316 -3,353<br />
Changes in translation differences -23,232 -52,945<br />
Net other comprehensive income to be reclassified to income statement in subsequent periods -22,196 -53,779<br />
Other comprehensive income, net of tax -123,905 12,648<br />
Total comprehensive income for the period, net of tax 6,057 165,981<br />
Attributable to shareholders of <strong>Etex</strong> 11,113 163,786<br />
Attributable to non-controlling interests -5,056 2,196<br />
The presentation of the 2016 consolidated income statement is impacted by the discontinued operations. Refer to note 30.<br />
<strong>Etex</strong> Annual Report 2017 p. 1<br />
<strong>Etex</strong> Annual Report 2017 p. 2<br />
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