Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
219
For an improved understanding of the income statement, we report for comparative purposes the
absence of ordinary revenue and costs for raw materials, ancillary, consumables and goods, in
addition to the operating costs (such as miscellaneous company services, transport, director and
statutory auditor remuneration, advertising and agents primarily) in the first 5 months in 2015
concerning the ex Space S.p.A. following the merger involving FILA S.p.A. with statutory and tax
effects from June 1, 2015. The corporate scope of the company ex Space S.p.A. was to identify and
acquire a non-listed target company interested in opening up its ownership to institutional investors
through listing on a regulated stock market.
Note 20 – Core Business Revenue
Core business revenue in 2016 amounted to Euro 85,272 thousand (Euro 44,692 thousand in 2015).
Revenue was broken down as follows:
Euro thousands
December 31, 2016
December 31, 2015
Change
Revenue from Sales and Service
91,565
48,241
43,324
Adjustments on Sales
(6,293)
(3,549)
(2,744)
Returns on Sales
(746)
(461)
(285)
Discounts, Allowances and Premiums
(5,547)
(3,088)
(2,459)
Total_2,569_906_1,663_Note_21_–_OTHER_REVENUE_AND_INCOME'>Total_85,272_44,692_40,580_Note_20.B_-_CORE_BUSINESS_REVENUE_BY_REGION'>Total_85,272_44,692_40,580_Note_20.A_-_CORE_BUSINESS_REVENUE'>Total
85,272
44,692
40,580
Note 20.A - CORE BUSINESS REVENUE
The breakdown of revenue by end customer location is reported in the following table:
Euro thousands
December 31, 2016
December 31, 2015
Change
Europe
80,167
40,997
39,170
North America
378
415
(37)
Central/South America
1,586
1,484
102
Rest of the World
3,141
1,796
1,345
Total
85,272
44,692
40,580
Note 20.B - CORE BUSINESS REVENUE BY REGION
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
220
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.
“Other Revenue and Income” in 2016 amounted to Euro 2,569 thousand (Euro 906 thousand in 2015).
Euro thousands
December 31,
2016
December 31,
2015
Change
Gains on Sale of Property, Plant and Equipment
18
14
5
Unrealised Exchange Gains on Commercial Transactions
96
40
56
Realised Exchange Gains on Commercial Transactions
158
119
39
Other Revenue and Income
2,297
733
1,564
Total
2,569
906
1,663
Note 21 – OTHER REVENUE AND INCOME
“Other Revenue and Income” (Euro 2,297 thousand) mainly includes:
recharges for services and consultancy provided by F.I.L.A. S.p.A. in favour of Dixon
Ticonderoga Company (U.S.A. - Euro 153 thousand), Industria Maimeri S.p.A. (Italy - Euro
150 thousand), Grupo F.I.L.A.-Dixon, S.A. de C.V. (Mexico - Euro 140 thousand), the
English subsidiaries (Euro 134 thousand), Omyacolor S.A. (France - Euro 129 thousand),
Lyra KG (Germany - Euro 101 thousand), Fila Dixon Stationery (Kunshan) Co, Ltd. (China -
Euro 79 thousand), F.I.L.A. Hispania S.L. (Spain - Euro 60 thousand), Canson Italy S.r.l.
(Italy – Euro 53 thousand), Lyra Scandinavia AB (Sweden - Euro 24 thousand) and Writefine
Products PVT Ltd (India – Euro 20 thousand);
recharges for commissions on loans granted by F.I.L.A. S.p.A. to Daler Rowney Ltd (United
Kingdom - Euro 816 thousand);
recharges for costs incurred by F.I.L.A. S.p.A. against Group insurance coverage in favour of
the company Omyacolor S.A. (France - Euro 60 thousand), Lyra KG (Germany - Euro 42
thousand) and F.I.L.A. Hispania S.L. (Spain - Euro 10 thousand) by F.I.L.A. S.p.A.;
recharges of costs to subsidiaries for sureties granted in favour of FILA Stationary and Office
Equipment Industry Ltd. Co. (Turkey - Euro 18 thousand) and Licyn Mercantil Industrial
Ltda (Brazil - Euro 6 thousand) by F.I.L.A. S.p.A., in guarantee of credit lines contracted with
Banca Nazionale del Lavoro S.p.A..
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
221
Note 22 - Costs for Raw Materials, Ancillary, Consumables and Goods
The account includes all purchases of raw materials, semi-processed products, transport for purchases,
goods and consumables for operating activities.
The breakdown is provided below:
Euro thousands
December 31, 2016
December 31, 2015
Change
Raw materials, Ancillary, Consumables and Goods
(34,064)
(26,020)
(8,044)
Shipping Expenses on Purchases
(1,652)
(1,984)
332
Packaging
(285)
(158)
(127)
Other Accessory Charges on Purchases
(2,867)
(1,517)
(1,350)
Total
(38,868)
(29,679)
(9,189)
Note 22 - COSTS FOR RAW MATERIALS, ANCILLARY, CONSUMABLES AND GOODS
“Cost for Raw Materials, Ancillaries, Consumables and Goods” includes purchases for production
and the provision of adequate inventory for future sales.
“Other Accessory Charges and Other Raw Material, Consumable and Goods Purchases” include all
accessory charges, such as outsourcing and consortium contributions.
“Raw Materials, Semi-Finished, Work in Progress and Goods” in 2016 decreased Euro 745 thousand
(increase of Euro 8,650 thousand in 2015), due to:
increase of “Raw Materials, Ancillary, Consumables and Goods” for Euro 8 thousand;
increase in “Contract Work in Progress and Semi-Finished products” of Euro 208 thousand;
decrease in “Finished Products” of Euro 961 thousand.
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