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1.1
I
APPROPRIATION OF EARNINGS
Weproposethat lastyear’sprofitsof€20,110,606beallocatedasfollows:
In €
profits for the financial year of
20,110,606
plus retained earnings in the amount of
87,007,760
i.e. a distributable profit
107,118,366
which we propose be allocated as follows:
• as dividends to shareholders €0.48 per share,
to be paid on May 4, 2018
(*)
25,931,460
• remainder to be carried forward, for a total of
81,186,906
(*) From this amount will be deducted the dividend for the shares held by the Company
as treasury shares.
The dividend for each share amounts to €0.48. The value of the dividend
eligible for 40% deduction, as covered by Article 158-3-2° of the French
General Tax Code, is €0.48.
We also note that the dividend payouts per share, in euros, were as
follows:
Nominal value
of the share
Dividend
per share
Financial year ended 12/31/14
€2.00
€0.37
Financial year ended 12/31/15
€2.00
€0.39
Financial year ended 12/31/16
€2.00
€0.45
Please note that dividends are paid out nine months after year end,
and the time limit after which dividend entitlement lapses is five years,
effective from the date when dividends were agreed.
Outlook for 2018
Upstream dividend payments from our various subsidiaries and the
maintenance of Group royalties should allow LISI S.A. to continue its
policy of supporting its divisions and freeing up dividend distribution
capacities for its shareholders.
Financial risks related to the effects of climate change
LISI analyzed its processes to determine which of them made the
greatest contribution to emissions of Greenhouse Gas (GHG). It turned
out that the main source of emission of Greenhouse Gas (GHG) is linked
to energy consumption.
This confirms LISI’s general action to reduce its carbon footprint
through its energy consumption.
During 2017, LISI undertook an Assessment of the Greenhouse Gas (GHG)
generated by its activities. This assessment was prepared with the help
of GREENBIRDIE, a firmspecializing in this field, and certified by ADEME.
Themain activities generating greenhouse gas (GHG) are the consumption of rawmaterials, the consumption of energy, the use of refrigeration units
and air-conditioners and the movement of people and goods. As a result, all of LISI’s activities generated the following consumed goods:
Organization
Scope
Indicators
2017
LISI
Scope 1
GHG Natural Gas [kg GHG]
40,813,838
GHG Domestic heating fuel [kg GHG]
58
GHG Heating network [kg GHG]
–
GES LPG [kg GHG]
1,726,242
GHG Vehicles owned [kg GHG]
731,746
GHG Private vehicles under lease [kg GHG]
2,154
GHG Fugitive emissions from refrigerants [kg GHG]
1,195,156
Total GHG Scope 1 [kg GHG]
44,469,194
Scope 2
GHG Electricity [kg GHG]
72,303,279
Total GHG Scope 2 [kg GHG]
72,303,279
Scope 3
Transport to/from (2016 data) [kg GHG]
12,890,640
Consumption of raw materials [kg GHG]
385,589,180
Total GHG Scope 3 [kg GHG]
398,479,820
TOTAL
TOTAL GHG [KG GHG]
515,252,293
Accordingly, to fight against global warming, LISI works primarily to reduce its energy consumption through the introduction of an action plan for
energy consumption reduction at each site.
LISI 2017 FINANCIAL REPORT
COMPANY FINANCIAL STATEMENTS
4