Universal Registration Document 2019

2  /  Financial statements 2.1  /  Income statement at 12/31/2019 (in thousands of euros) Notes 2019 2018 2017 PRE-TAX SALES 10,021 9,697 9,717 Operating income 10,702 11,176 11,312 External costs (4,007) (5,026) (4,480) Taxes and duties (327) (474) (541) Personnel expenses (4,322) (4,944) (4,201) Other charges (455) (204) (174) Depreciation, provisions (616) (581) (777) OPERATING PROFIT 975 (53) 1,139 FINANCIAL EARNINGS - from equity interests 3.3.1 39,264 37,634 32,658 - interest and similar expenses 773 136 50 - positive exchange differences 21,368 25,915 13,148 - from disposal of marketable securities 2,214 3,055 2,573 - reversal of provisions 3.2.6 4,228 6,410 443 INTEREST EXPENSES - other interest and similar expenses (7,099) (6,598) (6,805) - negative exchange rate differences (26,055) (20,243) (29,340) - from disposal of marketable securities (123) (787) (312) - provisions allowance 3.2.6 (630) (4,222) (6,415) FINANCIAL RESULT (INCOME) 33,941 41,300 6,000 CURRENT PROFIT BEFORE TAX 34,916 41,247 7,138 EXTRAORDINARY EARNINGS - on capital transactions 489 - on management transactions 583 867 - reversal of provisions 43 29 17 EXTRAORDINARY CHARGES - on capital transactions (118) (88) - on management transactions (700) (1,044) - provisions allowance (43) NON OPERATING PROFIT (LOSS) 43 (206) 198 Income tax 3.3.2 12,241 1,256 12,775 NET EARNINGS 47,199 42,296 20,111 81 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Company financial statements 3