LISI 2012 FINANCIAL REPORT
41
3
Consolidated financial statements
Treasury shares are deducted from the weighted average
number of shares in circulation, which acts as a basis on
which to calculate the net earnings per share (before and after
dilution).
2.2.20 Cash flow statement
The Group has opted to present its consolidated cash flow
statement in accordance with the IFRS model.
2.2.21 Segment information
The LISI Group presents its segment information in accordance
with the criteria defined by IFRS 8.
An operating segment is a component of an entity:
• that engages in business activities from which it may
earn revenues and incur expenses (including revenues and
expenses relating to transactions with other components of
the same entity);
• whose operating results are regularly reviewed by the chief
operating decision maker to make decisions about resources
to be allocated to the segment and assess its performance;
and
• for which discrete financial information is available.
The Group’s activities in 2012 are spread over three business
segments, in which the three divisions operate:
• LISI AEROSPACE, which brings together all activities in the
aerospace market,
• LISI AUTOMOTIVE, which brings together all activities in the
automotive market,
• LISI MEDICAL, which brings together all activities in the
medical market.
Other activities mainly include the activities of the Group’s
main company.
2.3 CONSOLIDATION PERIMETER
2.3.1 Changes in consolidation scope in the financial year 2012
The major scope changes are the following:
Disposal of KNIPPING UMFORMTECHNIK Gmbh
Exiting company
Type of change
Date of
transaction
Date of deconsolidation
KNIPPING Umformtechnik GmbH Disposal of 100% of equity interests
05/29/2012
06/01/2012
2.3.2 Impact on Group indicators of changes in scope that occurred in 2012
Exiting company
KNIPPING UMFORMTECHNIK GmbH
impact on the Group’s
indicators
Sales revenues 2011
€8.73m
0.94
EBIT 2011
€0.61m
0.80
Changes in scope are included in the thresholds recommended by the supervision authorities. We have not established any proforma
statements.
