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STATEMENT OF OVERALL EARNINGS
(in €’000)
12/31/2017
12/31/2016
PROFIT (LOSS) FOR THE PERIOD
106,951
106,390
Other items of overall income applied to shareholders equity
Actuarial gains and losses out of employee benefits (gross element)
671
(4,359)
Actuarial gains and losses out of employee benefits (tax impact)
(302)
840
Restatements of treasury shares (gross element)
220
145
Restatements of treasury shares (tax impact)
(64)
(50)
Other items of overall income that will cause a reclassification of income
Exchange rate differences resulting from foreign business
(19,251)
(2,874)
Hedging instruments (gross element)
25,361
(12,615)
Hedging instruments (tax impact)
(7,085)
3,587
OTHER PORTIONS OF GLOBAL EARNINGS, AFTER TAXES
(451)
(15,326)
TOTAL OVERALL INCOME FOR THE PERIOD
106,500
91,064
Hedging instruments consist mainly of foreign exchange hedging instruments and, to a lesser extent, raw material hedging instruments. The
positive amount of €25.4 million is due mainly to the decline in the USD, which resulted in a symmetrical increase in the fair value of the hedging
instruments put in place to protect against the decline in the USD.
31
LISI 2017 FINANCIAL REPORT
CONSOLIDATED FINANCIAL STATEMENTS
3