LISI 2012 FINANCIAL REPORT
30
3
Consolidated financial statements
1
Financial statements
1.1
Income statements
(in €'000)
Notes
12/31/2012
12/31/2011***
Pre-tax sales
2.6.1
1,081,341
925,095
Changes in stock, finished products and production in progress
9,105
25,668
Total production
1,090,446
950,763
Other revenues*
16,925
14,457
Total operating revenues
1,107,371
965,221
Consumed goods
2.6.2
(301,821)
(275,698)
Other purchases and external charges
2.6.3
(204,490)
(187,797)
Value added
601,060
501,726
Taxes and duties**
(8,674)
(7,687)
Personnel expenses (including temporary employees)
(437,578)
(371,952)
EBITDA
154,808
122,087
Depreciation
(55,560)
(47,718)
Net provisions
1,170
3,764
EBIT
100,418
78,133
Non-recurring operating expenses
2.6.6
(9,267)
(2,931)
Non-recurring operating revenues
2.6.6
47
10,645
Operating profit
91,199
85,847
Financing expenses and revenue on cash
2.6.7
(3,664)
(4,401)
Revenue on cash
2.6.7
1,006
658
Financing expenses
2.6.7
(4,672)
5,059
Other interest revenue and expenses
2.6.7
1,295
1,588
Other financial items
2.6.7
15,413
9,942
Other interest expenses
2.6.7
(14,119)
(8,354)
Taxes (of which CVAE Tax on Companies’ Added Value)**
2.6.8
(31,715)
(24,808)
Profit (loss) from assets held for sale
805
Profit (loss) for the period
57,115
59,030
attributable as company shareholders’ equity
57,287
59,177
Interest not granting control over the company
(172)
(147)
Earnings per share (in €):
2.6.9
5.47
5.70
Diluted earnings per share (in €):
2.6.9
5.47
5.70
* In order to provide readers of the financial statements with better information that is in accordance with international standards, in the 2012 financial statements
the Company has continued classifying revenues related to CIR (Research Tax Credit) as "Other Revenues".
** As at December 31, 2012, in accordance with the CNC (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 -€5.6m.
*** The group has opted for early application as of January 1, 2012 of the revised IAS 19; therefore, the financial statements for fiscal 2011 have been restated in
accordance with the new rules for comparison purposes..
STATEMENT OF OVERALL EARNINGS
(in €'000)
12/31/2012
12/31/2011*
Profit (loss) for the period
57,115
59,030
Other elements of overall earnings
Exchange rate spreads resulting from foreign business
(3,907)
3,949
Change in fair value of cash flow hedging instruments
(53)
1,277
Actuarial gains and losses out of employee benefits
(4,652)
(2,721)
Restatements of treasury shares
48
113
Payment in shares
1,473
979
Other portions of global earnings, after taxes
(7,091)
3,597
Total overall income for the period
50,024
62,627
* The group has opted for early application as of January 1, 2012 of the revised IAS 19; therefore, the financial statements for fiscal 2011 have been restated in accordance
with the new rules for comparison purposes.
