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68 I
LISI 2016 ANNUAL REPORT
INCOME STATEMENT
(in €'000)
12/31/2016
12/31/2015
Pre-tax sales
1,571,104 1,458,052
Changes in stock, finished products and
production in progress
(1,519)
20,405
Total production
1,569,585 1,478,457
Other revenues
(a)
23,777
13,083
Total operating revenues
1,593,362 1,491,540
Consumed goods
(414,436)
(398,213)
Other purchases and external expenses
(325,957)
(308,415)
Added value
852,969
784,912
Taxes and duties
(b)
(11,353)
(11,590)
Personnel expenses (including
temporary workers)
(c)
(604,484)
(569,236)
EBITDA
237,132
204,086
Depreciation
(80,872)
(73,787)
Net provisions
1,200
16,194
EBIT
157,460
146,493
Non-recurring operating expenses
(12,950)
(11,148)
Non-recurring operating revenues
2,974
5,308
Operating profit
147,483
140,652
Financing expenses and revenue on cash
(4,420)
(6,163)
Revenue on cash
1,146
983
Financing expenses
(5,566)
(7,146)
Other interest revenue and expenses
17,770
(9,819)
Other financial items
55,409
35,466
Other interest expenses
(37,639)
(45,285)
Taxes including CVAE (tax on
companies’ added value)
(b)
(54,443)
(42,741)
Share of net income of companies
accounted for by the equity method
0
(71)
Profit (loss) for the period
106,390
81,859
Attributable as company shareholders’
equity
107,008
81,764
Interest not granting control over the
company
(619)
95
Earnings per share (in €)
2.02
1.55
Diluted earnings per share (in €)
2.02
1.55
STATEMENT OF OVERALL EARNINGS
(in €’000)
12/31/2016
12/31/2015
Profit (loss) for the period
106,390
81,859
Other items of overall income applied
to shareholders equity
Actuarial gains and losses out of
employee benefits (gross element)
(4,359)
6,192
Actuarial gains and losses out of
employee benefits (tax impact)
840
(2,118)
Restatements of treasury shares
(gross element)
145
156
Restatements of treasury shares
(tax impact)
(50)
(56)
Payment in shares (gross element)
2,447
2,951
Payment in shares (tax impact)
(843)
(1,065)
Other items of overall income that will
cause a reclassification of income
Exchange rate differences resulting from
foreign business
(2,874)
19,351
Hedging instruments (gross element)
(12,615)
(2,219)
Hedging instruments (tax impact)
3,587
(12)
Other portions of global earnings,
after taxes
(13,723)
23,179
Total overall income for the period
92,667
105,038
Financial data
a/ In order to provide readers of the financial statements with better information that is in accordance with international standards, in the 2016 financial statements the Company
has continued classifying revenues related to CIR (Research tax credit) as “Other Revenues”.
b/ As at December 31, 2016, in accordance with the CNC (French National Accounting Committee) notice of January 14, 2010, the amount of CVAE (Tax on Companies’ Added
Value) was classified as “Corporate Taxes” (on profits) in the sum of –€7.7 million.
c/ At December 31, 2016 provision was made for the CICE in an amount of +€9.7 million.