Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
128
Note 20 – Core Business Revenue
Core business revenue in 2016 amounted to Euro 422,609 thousand (Euro 275,333 thousand in 2015).
Euro thousands
December 31, 2016
December 31, 2015
Change
Revenue from Sales and Service
445,257
294,294
150,962
Adjustments on Sales
(22,648)
(18,962)
(3,686)
Returns on Sales
(13,641)
(10,282)
(3,359)
Discounts, Allowances and Premiums
(9,007)
(8,680)
(327)
Total_422,609_275,333_147,275_Note_20.B_-_CORE_BUSINESS_REVENUE'>Total_422,609_275,333_147,276_Note_20.A_-_CORE_BUSINESS_REVENUE'>Total
422,609
275,333
147,276
Note 20.A - CORE BUSINESS REVENUE
The increase on the previous year was Euro 147,276 thousand and principally concerned the M&A
effect, of which:
Euro 96,161 thousand concerning revenue generated by companies within the consolidation
scope (Canson Group, Daler-Rowney Lukas Group, St. Cuthberts and the Indian Pioneer
Stationary Private Limited);
Euro 37,168 thousand by Writefine Products PVT Ltd (India) between January and October
2016 and considered as an M&A effect as the company was consolidated only from
November 2015.
The increase excluding the “Business Combination” effect was therefore Euro 13,947 thousand.
Reference should be made to the “Normalised operating results” paragraph of the Directors’ Report
for further details on the residual change.
Revenues by region on the basis of the “Entity Locations” are reported below:
Euro thousands
December 31, 2016
December 31, 2015
Change
Europe
178,158
125,642
52,516
North America
133,524
85,855
47,669
Central/South America
56,986
54,488
2,498
Asia
51,349
8,829
42,520
Rest of the World
2,592
519
2,073
Total
422,609
275,333
147,275
Note 20.B - CORE BUSINESS REVENUE
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
129
Note 21 – Other Revenue and Income
The account other income relates to ordinary operations and does not include the sale of goods and
provision of services, in addition to realised and unrealised exchange gains on commercial operations.
For further details on currency differences, reference should be made to “Note 30 - Foreign currency
transactions”.
“Other Revenue and Income” in 2016 amounted to Euro 19,652 thousand (Euro 7,210 thousand in
2015).
Euro thousands
December 31, 2016
December 31, 2015
Change
Gains on Sale of Property, Plant and Equipment
49
46
4
Unrealised Exchange Gains on Commercial Transactions
12,796
2,390
10,406
Realised Exchange Gains on Commercial Transactions
4,178
2,528
1,650
Other Revenue and Income
2,629
2,247
382
Total
19,652
7,210
12,442
Note 21 – OTHER REVENUE AND INCOME
“Other Revenue and Income” in 2016 of Euro 2,629 thousand principally includes, in addition to the
effect from the change in the consolidation scope of Euro 1,128 thousand, the net change principally
from commissions from Ticonderoga brand sales, the sale of production waste, Royalties and
recharges for gifts recognised to F.I.L.A. S.p.A..
A net decrease in “Other Revenue and Income” at like-for-like consolidation scope of Euro 746
thousand is reported.
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
130
Note 22 - Costs for Raw Materials, Ancillary, Consumables and Goods and Change in Raw
Materials, Semi-Finished, Work-in-progress and Finished Products
The account includes all purchases of raw materials, semi-processed products, transport for purchases,
goods and consumables for operating activities.
“Costs for Raw Materials, Ancillary, Consumables and Goods” in 2016 totalled Euro 196,991
thousand (Euro 126,609 thousand in 2015).
The breakdown is provided below:
Euro thousands
December 31, 2016
December 31, 2015
Change
Raw materials, Ancillary, Consumables and Goods
(164,614)
(104,197)
(60,418)
Shipping Expenses on Purchases
(9,585)
(8,869)
(715)
Packaging
(7,284)
(2,716)
(4,568)
Import Charges and Customs Duties
(5,580)
(3,567)
(2,013)
Other Accessory Charges on Purchases
(9,201)
(7,302)
(1,899)
Materials for Maintenance
(813)
(104)
(710)
Adjustments on Purchases
86
146
(60)
Returns on Purchases
-
82
(82)
Discounts, Allowances and Premiums
86
64
23
Total
(196,991)
(126,609)
(70,382)
Note 22 - COSTS FOR RAW MATERIALS, ANCILLARY, CONSUMABLES AND GOODS
The increase in “Cost for Raw Materials, Ancillary, Consumables and Goods” in 2016 relates to the
“M&A” operations and the consolidation for the full year of Writefine Products Private Ltd (India,
fully consolidated from November 2015). The amount regarding the companies acquired in 2016 was
Euro 53,370 thousand (of which Euro 40,926 thousand concerning the Daler-Rowney Lukas Group
and Euro 10,661 thousand the Canson Group), while the increase from the consolidation of the Indian
subsidiary Writefine Products Private Ltd (India) was Euro 26,183 thousand.
The increase in inventories at December 31, 2016 totalled Euro 18,175 thousand, of which:
increase of “Raw Materials, Ancillary, Consumables and Goods” for Euro 418 thousand
(increase of Euro 4,944 thousand in 2015);
decrease in “Contract Work-in-Progress and Semi-Finished products” of Euro 3,417 thousand
(decrease of Euro 1,088 thousand in 2015);
Dostları ilə paylaş: |