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Consolidated financial statements of the f. I. L. ABu səhifədəki naviqasiya:
- December 2016 December 2015 Opening Cash and Cash Equivalents 17,542 30,663
- Total Intangible and Tangible Assets 185,156 9,120 11,796 93,303 463 (76) 299,761
- Net Working Capital 69,010 56,926 62,067 20,415 1,013 (8,734) 200,697
- Net Financial Position (184,961) (14,052) (20,923) (776) (2,725) (223,437) Consolidation
- Total Intangible and Tangible Assets 24,397 5,484 13,501 92,723 176 (224) 136,057
- Net Working Capital 53,832 33,840 46,681 17,163 (66) (5,006) 146,445
- Net Financial Position (5,505) (5,524) (22,831) (4,126) (1,017) 259 (38,744)
- December 2016 - LIKE-FOR-LIKE CONSOLIDATION SCOPE
- Total Intangible and Tangible Assets 25,481 7,898 10,488 92,235 159 (76) 136,185
- Net Working Capital 48,804 39,782 41,695 18,036 (148) (5,872) 142,297
- Net Financial Position (169,006) (2,621) (17,659) (3,099) (906) (193,291) Consolidation
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
21
Euro thousands
December 2016
December 2015
Opening Cash and Cash Equivalents
17,542
30,663
Cash and cash equivalents
30,683
32,473
Bank overdrafts
(13,141)
(1,810)
Closing Cash and Cash Equivalents
53,973
17,542
Cash and cash equivalents
59,519
30,683
Bank overdrafts
(5,546)
(13,141)
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
22
Operating segments
In terms of segment reporting, the F.I.L.A. Group has adopted IFRS 8, obligatory from January 1,
2009.
IFRS 8 requires an entity to base segment reporting on internal reporting, which is constantly
reviewed by the highest level of management in order to allocate resources to the various segments
and to analyse performance.
Geographic region is the primary basis of analysis and of decision-making by F.I.L.A. Group
Management, therefore fully in line with the internal reporting prepared for these purposes.
The products of the F.I.L.A. Group are similar in terms of quality and production, target market,
margins, sales network and clients, even with reference to the different brands which the Group
markets. No diversification is therefore deemed to be present within the Segment, in consideration of
the substantial uniformity of the risks and benefits relating to the products produced by the F.I.L.A.
Group.
The segment disclosure accounting standards are in line with those utilised for the consolidated
financial statements.
Segment disclosure was therefore based on the location of operations (“Entity Locations”), broken
down as follows: “Europe”, “North America”, “Central and South America” and “Rest of the World”.
The “Rest of the World” includes the subsidiaries in South Africa and Australia.
The “Business Segment Reporting” of the F.I.L.A. Group aggregates companies by region on the
basis of the “operating location”.
For disclosure upon the association between the regions and F.I.L.A. group companies, reference
should be made to the attachments to the report in the “List of companies included in the
consolidation scope and other investments” paragraph.
Reporting by region, required in accordance with IFRS 8, is presented below. For the purposes of
providing comparable financial statements, the figures are shown net of the change in the
consolidation scope during 2016 following the acquisition of Pioneer Stationery Private Limited, St.
Cuthberts Holding Limited and the companies of the Daler-Rowney Lukas and Canson Groups.
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
23
The segment reporting required in accordance with IFRS 8 is presented below.
Business Segments – Statement of Financial Position
The key statement of financial position figures for the F.I.L.A. Group by region, at December 31,
2016 and December 31, 2015, are reported below:
December 2016
Euro thousands
Intangible Assets
140,368
6,085
4,976
66,980
107
(76)
218,440
Property, plant & equipment
44,788
3,035
6,820
26,323
355
81,321
Total Intangible and Tangible Assets
185,156
9,120
11,796
93,303
463
(76)
299,761
of which Intercompany
(76)
0
Inventories
77,053
47,859
33,391
25,147
2,690
(8,734)
177,406
Trade and Other Receivables
91,382
32,166
62,315
8,431
1,979
(82,691)
113,582
Trade and Other Payables
(98,518)
(24,623)
(33,283)
(13,056)
(3,656)
82,691
(90,445)
Other Current Assets and Liabilities
(907)
1,524
(356)
(107)
154
Net Working Capital
69,010
56,926
62,067
20,415
1,013
(8,734)
200,697
of which Intercompany
(3,677)
(3,892)
(689)
(290)
(185)
Net Financial Position
(184,961)
(14,052)
(20,923)
(776)
(2,725)
(223,437)
Consolidation
F.I.L.A. Group
Europe
North
America
Central & South
America
Asia
Rest
of the World
December 2015
Euro thousands
Intangible Assets
8,383
4,251
7,089
68,545
112
(224)
88,156
Property, plant & equipment
16,014
1,233
6,412
24,178
64
47,901
Total Intangible and Tangible Assets
24,397
5,484
13,501
92,723
176
(224)
136,057
of which Intercompany
(76)
(148)
0
Inventories
49,134
24,804
26,285
22,118
925
(4,747)
118,518
Trade and Other Receivables
39,064
12,375
36,536
15,375
337
(25,957)
77,731
Trade and Other Payables
(36,235)
(4,827)
(16,130)
(20,163)
(1,328)
25,698
(52,985)
Other Current Assets and Liabilities
1,869
1,488
(10)
(167)
3,179
Net Working Capital
53,832
33,840
46,681
17,163
(66)
(5,006)
146,445
of which Intercompany
(2,350)
(2,003)
(411)
(3)
20
Net Financial Position
(5,505)
(5,524)
(22,831)
(4,126)
(1,017)
259
(38,744)
of which Intercompany
2,981
947
Consolidation
F.I.L.A. Group
Europe
North
America
Central - South
America
Asia
Rest
of the World
For a better understanding of the changes between the comparative periods, the F.I.L.A. Group
Business Segments for 2016 at like-for-like consolidation scope are reported below.
December 2016 - LIKE-FOR-LIKE
CONSOLIDATION SCOPE
Euro thousands
Intangible Assets
8,385
6,085
4,969
66,979
107
(76)
86,449
Property, plant & equipment
17,096
1,813
5,519
25,256
52
49,736
Total Intangible and Tangible Assets
25,481
7,898
10,488
92,235
159
(76)
136,185
of which Intercompany
(76)
0
Inventories
50,398
33,100
25,423
24,018
1,472
(5,872)
128,539
Trade and Other Receivables
37,222
13,583
34,083
6,412
513
(21,635)
70,178
Trade and Other Payables
(38,201)
(8,308)
(17,638)
(12,414)
(2,133)
21,635
(57,059)
Other Current Assets and Liabilities
(615)
1,407
(173)
20
639
Net Working Capital
48,804
39,782
41,695
18,036
(148)
(5,872)
142,297
of which Intercompany
(2,668)
(2,735)
(289)
(86)
(93)
Net Financial Position
(169,006)
(2,621)
(17,659)
(3,099)
(906)
(193,291)
Consolidation
F.I.L.A. Group
Europe
North
America
Central - South
America
Asia
Rest
of the World
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