LISI GROUP - 2018 Financial report

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1.1 I Appropriation of earnings
Weproposethat lastyear’sprofitsof€42,296,468beallocatedasfollows:
In €
profits for the financial year of 42,296,468
plus retained earnings in the amount of 81,619,512
i.e. a distributable profit 123,915,980
which we propose be allocated as follows:
• to the legal reserve, i.e. the amount of 3,618
• as dividends to shareholders, the amount of €0.44
per share, i.e. to be paid on May 3, 2019 (*) 23,810,299
• remainder to be carried forward, i.e. 100,102,063
(*) 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 €0.44. The value of the dividend
eligiblefor40%deduction,asreferredto inArticle158‑3‑2°oftheFrench
General Tax Code, is €0.44.
We also note that the dividend payouts per share, in euros, were as
follows:
Nominal value
of the share
Dividends
per share
Financial year ended 12/31/15 2.00 € 0.39 €
Financial year ended 12/31/16 2.00 € 0.45 €
Financial year ended 12/31/17 2.00 € 0.48 €
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 2019
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 ensuring that dividends are paid out
to its shareholders.
Financial risks related to the effects of climate change:
LISIanalyzeditsprocessestodeterminewhichofthemmadethegreatest
contribution to emissions of GreenhouseGas (GHG). It turned out that the
main source of emission of Greenhouse Gas (GHG) is linked to energy
consumption.
ThisconfirmsLISI’sgeneralactiontoreduce itscarbonfootprintthrough
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 themovement 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 rawmaterials [kg GHG] 385,589,180
Total GHG Scope 3 [kg GHG] 398,479,820
TOTAL TOTAL GHG [kg GHG] 515,252,293
Accordingly,tofightagainstglobalwarming,LISIworksprimarilytoreduceitsenergyconsumptionthroughtheintroductionofanactionplanforenergy
consumption reduction at each site.