Universal Registration Document 2019

2 Consolidated financial statements 1  /  Company activities 18 1.1  /  Overview of the main activities 18 1.2  /  Group activity and future outlook 23 2  /  Financial statements 31 2.1  /  Income statement 31 2.2  /  Statement of financial position 33 2.3  /  Consolidated cash flow statements 34 2.4  /  Statement of shareholders’ equity 35 3  /  Notes 36 3.1  /  Group information and highlights of the year 36 3.2  /  Accounting principles and policies 36 3.3  /  Scope of consolidation 39 3.4  /  Detail of balance sheet items 41 3.5  /  Detail of main income statement items 58 3.6  /  Additional information 63 3.7  /  Currency exchange rates applied by foreign subsidiaries 70 4  /  Statutory Auditors’ Reports 71 4.1  /  Statutory Auditors’ Special Report on regulated agreements and commitments – Financial year ended December 31, 2019 71 4.2  /  Statutory Auditors’ Report on the consolidated financial statements for the Financial year ended December 31, 2019 72 17 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT