Company financial statements

Company statement of financial position as at 31 December (before profit appropriation)

In millions of euros Note 31 Dec. 2018   31 Dec. 2017 revised*   1 Jan. 2017 revised*
Assets            
Fixed assets            
- tangible fixed assets 1 1.5   2.2   3.1
- financial fixed assets 2 9,559.7   9,742.0   9,853.2
             
    9,561.2   9,744.2   9,856.3
Current assets            
- inventories   40.3   40.8   35.2
- trade and other receivables   50.3   41.8   15.2
- receivables from group companies   52.8   14.9   37.8
- receivables from joint ventures   0.3   0.3   0.3
- cash and cash equivalents   20.4   39.2   228.6
    164.1   137.0   317.1
             
Total   9,725.3   9,881.2   10,173.4
             
             
Liabilities            
Equity            
- issued share capital 4 0.2   0.2   0.2
- revaluation reserve 5 1,745.1   1,702.9   1,761.1
- legal reserve for participating interests 6 323.4   317.8   431.1
- other reserve 7 3,313.5   3,494.6   3,218.8
- result for the year 8 325.2   257.2   183.5
             
    5,707.4   5,772.7   5,594.7
             
Provisions 9 125.8   115.3   112.8
             
Non-current liabilities            
- interest-bearing loans   2,815.5   2,842.9   3,164.3
             
Current liabilities            
- current financing liabilities   661.5   589.4   771.4
- trade and other payables 10 226.0   174.4   220.1
- liabilities to group companies   189.1   386.4   310.1
             
Total   9,725.3   9,881.2   10,173.4

* Adjusted opening balance due to application of IFRS 15

Company statement of profit and loss

In millions of euros Note 31 Dec. 2018   31 Dec. 2017 revised*
         
Revenues   559.7   495.9
         
Staff costs 13 ‑258.6   ‑177.4
Other operating expenses 14 ‑321.8   ‑328.7
Depreciation costs   ‑0.8   ‑0.7
         
Total expenses   ‑581.2   ‑506.8
         
Operating result   ‑21.5   ‑10.9
         
Finance income and expenses 16 36.8   30.9
Result of disposals of and investments in associates   -   18.6
Share in result of group companies and associates 2 304.5   228.9
         
Result before taxation   319.8   267.5
         
Taxes 17 5.4   ‑10.3
         
Result after taxation 8 325.2   257.2

* Adjusted figures due to application of IFRS 15