RPM Bruxelles T.V.A. BE 0405 770 992 B.T.W. RPR Brussel
SABCA INTERIM FINANCIAL REPORT AS OF JUNE 30, 2016Regulated information, published on 29/09/2016 at 17.00 hour
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Corporate information
The Board of 20thSeptember 2016 approved and authorized the publication of the consolidated financial statements of SABCA Group for the six months ended 30 June 2016. The aerospace market remains highly competitive and the Group continues to review its long-term competitiveness and profitability. After the significant losses in 2014 and 2015 and the limited improvement achieved in the first half of 2016 in terms of competitiveness, the Board of Directors has requested the management to intensify the short-term action plan in order to secure the future of the SABCA Group.
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Basis of preparation
The interim condensed consolidated financial statements for the six months ended 30 June 2016 have been prepared in accordance with IAS 34 Interim Financial Reporting.
The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group's annual consolidated financial statements for the year ended 31 December 2015 and the adoption of new standards and interpretations effective as of 1 January 2016. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective.
The new standards and interpretations effective as of 1 January 2016 include the following:
Amendments to IFRS 10, IFRS 12 and IAS 28 - Investment Entities: Applying the Consolidation Exception , effective 1 January 2016
Amendments to IFRS 11 Joint Arrangements - Accounting for Acquisitions of Interests in Joint Operations, effective 1 January 2016
Amendments to IAS 1 Presentation of Financial Statements - Disclosure Initiative, effective 1 January 2016
Amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets - Clarification of Acceptable Methods of Depreciation and Amortisation, effective 1 January 2016
Amendments to IAS 16 Property, Plant and Equipment, effective 1 January 2016
Amendments to IAS 19 Employee Benefits - Defined Benefit Plans: Employee Contributions, effective 1 February 2015
Amendments to IAS 27 Separate Financial Statements - Equity Method in Separate Financial Statements, effective 1 January 2016
Annual Improvements to IFRSs - 2010-2012 Cycle (Issued in December 2013), effective 1 February 2015
Annual Improvements to IFRSs - 2012-2014 Cycle (Issued in September 2014), effective 1 January 2016
RPM Bruxelles T.V.A. BE 0405 770 992 B.T.W. RPR Brussel
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Interim condensed consolidated statement of financial position
(in thousands of euros)
30.06.2016
31.12.2015
ASSETS
123.365
122.504
Non-current assets
Intangible assets
54.449
51.066
Property, plant and equipment
68.595
71.117
Affiliated enterprises
112
112
Financial assets and other non-current assets
209
209
Currents assets
207.230
220.926
Inventories
44.938
50.931
Work-in-progress
74.791
77.132
Trade and other receivables
45.610
59.713
Cash and cash equivalents
41.722
32.251
Other current assets
169
899
TOTAL ASSETS
330.595
343.430
EQUITY AND LIABILITIES
Total equity
91.249
87.147
Total equity attributable to owners of the parent company
91.194
87.068
Capital
12.400
12.400
Reserves and results carried forward
78.794
74.668
Non-controlling interests
55
79
Non-current liabilities
147.905
156.472
Long-term borrowings
103.687
116.021
Provisions
40.592
36.986
Deferred taxation
3.626
3.465
Current liabilities
91.441
99.811
Trade and other payables
50.048
59.759
Tax and social liabilities
15.499
12.394
Other current liabilities
11.393
13.509
Short-term borrowings
1.217
1.353
Provisions
13.284
12.796
TOTAL EQUITY AND LIABILITIES
330.595
343.430
RPM Bruxelles T.V.A. BE 0405 770 992 B.T.W. RPR Brussel
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Interim condensed consolidated statement of profit and loss
(in thousands of euros))
30.06.2016
30.06.2015
Revenues
Turnover
Increase (+), decrease (-) in work in progress Own construction capitalized
Other operating income
Operating expenses
Raw materials and consumables Services and other goods
Wage and salaries, social security costs and pensions Depreciation and amortization of intangible and tangible assets
Write offs on stocks and trade debtors Provisions for liabilities and charges Other operating income and expenses
Result from continuing operations
Financial charges Financial revenues
Result from continuing operations after finance result
Income tax
Net result for the period
whereof Attributable to owners of the parent Non-controlling interests
99.508
95.910
96.621
82.255
-2.341
9.857
3.430
1.813
1.798
1.985
-93.158
-92.805
25.710
25.760
24.052
31.522
36.971
36.479
4.304
3.537
-58
467
1.338
-5.790
841
830
6.350
3.105
-3.822
-10.429
4.480
2.921
7.008
-4.403
-1.093
1.010
5.915
-3.393
5.939
-3.369
-24
-24
Result per share (in EUR)
(number of shares : 2.400.000)
30.06.2016
30.06.2015
2,46
2,46
-1,41
-1,41
basic
diluted
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Consolidated statement of comprehensive income
(in thousands of euros)
30.06.2016
30.06.2015
Net result for the period
5.915
-3.393
Other comprehensive income
-1.813
1.093
Items not to be reclassified to profit, net of taxes
Actuarial gains/losses on post-employment benefits
-2.747
1.656
Deferred taxes
934
-563
Total comprehensive income, net of taxes, for the period
4.102
-2.300
Attributable to :
Owners of the parent
4.126
-2.276
Non-controlling interests
-24
-24
RPM Bruxelles T.V.A. BE 0405 770 992 B.T.W. RPR Brussel
- Interim condensed consolidated statement of cash flow
(in thousands of euros) | 30.06.2016 | 30.06.2015 | ||
Cash flow from operating activities Pretax income Fair value adjustment of derivatives Depreciation and amortization on fixed assets Change in working capital Change in provisions, deferred taxes and reserves Cash flow from investing activities Acquisition of intangible, tangible and financial non-current assets Disposals of intangible, tangible and financial non-current assets Increase and decrease in receivables Cash flow from financing activities Change in short-term receivables (except trade and financial debts) Change in long-term receivables (except trade and financial debts) Change in short-term financial debts Interests
Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, at the beginning of the period (1stJanuary) Cash and cash equivalents, at the end of the period (30thJune) | 7.008 | 14.233 | -4.403 | -13.429 |
-3.137 | 7.733 | |||
4.292 | 4.004 | |||
4.722 | -14.997 | |||
1.348 | -5.766 | |||
-5.152 | -5.066 | |||
-5.169 | -5.083 | |||
17 | 11 | |||
6 | ||||
390 | 87 | |||
10 | -43 | |||
462 | ||||
-137 | -125 | |||
81 | 291 | |||
-26 | -36 | |||
9.471 | -18.407 | |||
32.251 | 34.215 | |||
41.722 | 15.808 |
SABCA - Société Anonyme Belge de Constructions Aéronautiques published this content on 29 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 15:25:10 UTC.
Original documenthttp://sabca.be/documents/ifr2016.pdf
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