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CONSOLIDATED FINANCIAL STATEMENTS
32
LISI 2015 FINANCIAL REPORT
1
/
FINANCIAL STATEMENTS
1.1
/
INCOME STATEMENT
(in €'000)
Notes
12/31/2015
12/31/2014
restated*
Pre-tax sales
2.7.1
1,458,052
1,306,530
Changes in stock, finished products and production in progress
20,405
1,682
Total production
1,478,457
1,308,213
Other revenues
(a)
13,083
17,440
Total operating revenues
1,491,540
1,325,653
Consumed goods
2.7.2
(398,213)
(344,613)
Other purchases and external expenses
2.7.3
(308,415)
(265,077)
Value added
784,912
715,963
Taxes and duties(b)
(11,590)
(9,357)
Personnel expenses (including temporary employees)(c)
2.7.4
(569,236)
(513,273)
EBITDA
204,086
193,333
Depreciation
(73,787)
(64,630)
Net provisions
16,194
3,097
EBIT
146,493
131,800
Non-recurring operating expenses
2.7.6
(11,148)
(10,852)
Non-recurring operating revenues
2.7.6
5,308
8,058
Operating profit
140,652
129,005
Financing expenses and revenue on cash
2.7.7
(6,163)
(6,410)
Revenue on cash
2.7.7
983
807
Financing expenses
2.7.7
(7,146)
(7,217)
Other interest revenue and expenses
2.7.7
(9,819)
1,563
Other financial items
2.7.7
35,466
28,285
Other interest expenses
2.7.7
(45,285)
(26,722)
Taxes including CVAE (Tax on Companies’ Added Value)(b)
2.7.8
(42,741)
(42,631)
Share of net income of companies accounted for by the equity method
(71)
31
Profit (loss) for the period
81,859
81,557
Attributable as company shareholders’ equity
81,764
81,464
Interest not granting control over the company
95
93
Earnings per share (in €)
2.7.9
1.55
1.55
Diluted earnings per share (in €)
2.7.9
1.55
1.55
* 2014 financial statements restated to account for IFRIC 21.
(a) In order to provide readers of the financial statements with better information that is in accordance with international standards, in the 2015 financial
statements the Company has continued classifying revenues related to CIR (Research Tax Credit) as "Other Revenues".
(b) As at December 31, 2015, 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 -€7.2 million.
(c) As at December 31, 2015 the competitiveness and employment tax (CICE) was provisioned for an estimated €9.5 million.