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LISI 2016 FINANCIAL REPORT
2.5.3.4 Dividends
The amount of dividends for the 2016 financial year (not recognized)
submitted to the Shareholders’ General Meeting on April 25, 2017 for
approval breaks down as follows:
AMOUNT
(in €’000)
2016
2015
Total net dividend
24.3
21.1
The estimated amount for 2016 is calculated based on the total
number of shares, i.e. 54,023,875. The self-held shares at the date
of payment of the dividend will not be eligible for the payment of any
dividend.
The amount of dividends for the 2016 financial year (not recognized)
submitted to the Shareholders’ General Meeting on April 25, 2017 for
approval breaks down as follows:
DIVIDEND PER SHARE (€)
2016
2015
Dividend per share
0.45
0.39
The main provisions are in respect of:
– Pensions and retirement:
Legally-imposed obligations in respect of staff salaries, pension
payments or compensation on retirement. Taken into account
were assumptions regarding the level of the discount rate, the
turnover, and the mortality tables. Some of these commitments
are backed with external funds.
In accordance with the revised IAS 19, all actuarial gains and
losses are recognized under “Other comprehensive income” as a
provision for pensions.
– Environment:
2.5.4
I
Provisions
2.5.4.1 Changes in provisions break down as follows:
(in €’000)
At January 1,2015
Allowances
(net of reversals)
At
December 31, 2015
Provisions
Reversals
(amounts used)
Reversals (non used
amounts)
Actuarial gains/
losses out of
shareholders’ equity
Reclassifications
Entry into/exit from
consolidation scope
Translation
differences
At December 31,
2016
Pensions and retirement
42,439 (5,280)
37,159 2,615 (4,124)
4,162
(340)
39,472
Long-service medals
4,581
(447)
4,133
480
(211)
4,402
Environment-related
risks
15,058 (2,769)
12,288 2,199 (5,577)
(530)
104 8,484
Disputes and other risks
7,684
(572)
7,111 2,019 (2,621)
(40)
5 6,475
Guarantees to clients
9,344
538 9,882
18
(60)
1 9,841
Industrial reorganization
83
(83)
For taxes
688
(688)
For loss on contract
3,600
2,700
(900)
1,800
Sub-total non-current
provisions
83,476 (9,302) 73,274 7,331 (13,494)
(569)
4,162
(230)
70,474
For loss on contract
605
40
644 1,055
(595)
(49)
1,055
Industrial reorganization
527
(187)
340
845
(164)
14 1,035
Restructuring
5,868 (3,253)
2,615
70 (1,538)
1,148
Environment-related
risks
284
(5)
279
102
(85)
(83)
212
Disputes
866
(207)
659
638
(291)
(57)
2
950
For taxes
0
Other risks
14,758 (3,944)
10,814 12,661 (3,075)
(2,654)
606 380
43 18,776
Subtotal current
provisions
22,907 (7,556) 15,351 15,370 (5,584)
(3,007)
606 380
59 23,174
GRAND TOTAL
106,383 (16,858) 88,624 22,701 (19,078)
(3,577)
4,162 606 380 (171)
93,648
of which as recurring operating profit
17,731 (16,856)
(3,577)
of which as non-recurring operating profit
4,970 (2,222)
CONSOLIDATED FINANCIAL STATEMENTS
3