Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
194
Rowney Lukas, for Euro 15,667 thousand. Investment amount was increased of Euro 1,208 thousand
for consultancy costs capitalised. Later, F.I.L.A. S.p.A. has awarded to Renoir Topco Ltd.
Intercompany Loans against Midco Ltd. Renoir, Renoir Bidco Ltd. and Daler-Rowney Ltd. increasing
the investment for Euro 92,046 thousand.
On May 12, 2016, F.I.L.A. S.p.A. presented a binding offer for the full acquisition of the Canson
Group, held by the French Group Hamelin. This operation was completed on October 5, 2016
following the positive conclusion of the disclosure and consultation process involving the main trade
unions representing the workers of the French companies. The investments value comprises Euro
43,064 thousand as the purchase price and an additional Euro 15,572 thousand as the price
adjustment, in addition to Euro 2,399 thousand against consultancy costs capitalised.
On September 14, 2016, F.I.L.A. S.p.A. acquired full control of the company St. Cuthberts Holding
Limited and its operating company (St. Cuthberts Mill Limited). The investment value comprises
Euro 6,381 thousand as the purchase price and Euro 346 thousand against consultancy costs
capitalised.
The investment values presented include consultancy costs related to the acquisition.
For
further details, reference
should be made to the “Significant events in the year” paragraph.
A comparison between the value of the investments and the equity of the subsidiaries at December 31,
2016 is illustrated in the table below:
Subsidiaries
Euro thousands
Dixon Ticonderoga Company (U.S.A.)*
93,428
14,445
100.00%
93,428
30,606
Licyn Mercantil Industrial Ltda (Brazil)
(225)
244
99.99%
(225)
3,347
Omyacolor S.A. (France)
13,944
1,877
99.9%
13,930
2,506
F.I.L.A. Hispania S.L. (Spain)
3,280
1,189
96.77%
3,174
90
Johann Froescheis Lyra Bleistift-Fabrik GmbH & Co. KG (Germany)
11,473
1,830
100.00%
11,473
12,454
FILA Stationary and Office Equipment Industry Ltd. Co. (Turkey)
(794)
(714)
99.99%
(794)
1,299
Fila Polska Sp. Z.o.o (Poland)
196
145
51.00%
100
44
Fila Hellas SA (Greece)
673
385
50.00%
336
12
Industria Maimeri S.p.A. (Italy)
1,171
(219)
51.00%
597
946
Fila SA PTY LTD (South Africa)
(971)
183
90.00%
(874)
1
Fila Stationary O.O.O. (Russia)
(737)
315
90.00%
(663)
95
Writefine Products Private Limited (India)
46,554
1,375
51.00%
23,742
57,277
Ronoir Topo Ltd (United Kingdom)
96,477
2,001
100.00%
96,477
108,921
St. Cuthbert Holding (England)
5,439
0
100.00%
5,439
6,727
FILA Australia PTY LTD (Australia)
1
0
100.00%
1
1
Canson SAS (France), Eurholdam (U.S.A.), Lodi 12 SAS (France), Canson
Brasil I.P.E. LTDA (Brazil)
27,908
(127)
100.00%
27,908
61,033
Figures concern approved financial statements at December 31, 2016
* includes 1% of F.I.L.A CHILE LTDA held by F.I.L.A. S.p.A.
** direct and indirect holdings of F.I.L.A. S.p.A.
Equity at December
31, 2016
Net profit (loss) for
the year
Total Holding**
Equity Share Net carrying amount