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


In millions of euros	Notes	31 Dec. 2018	31 Dec. 2017 revised*	1 Jan 2017 revised*
Assets

Fixed assets
- tangible fixed assets	2	8,574.9	8,518.1	8,683.9
- investments in joint ventures	4	197.7	190.1	233.2
- investments in associates	5	0.8	0.7	11.5
- other equity interests	6	496.3	490.7	470.2
- deferred tax assets	7	330.0	402.0	430.3

Total fixed assets		9,599.7	9,601.6	9,829.1

Current assets
- stock	8	45.0	45.8	39.5
- trade and other receivables	9	196.3	143.1	174.8
- corporate income tax	7	27.9	18.1	8.0
- cash and cash equivalents	10	27.3	41.1	238.4

Total current assets		296.5	248.1	460.7

Total assets		9,896.2	9,849.7	10,289.8

* Adjusted figures due to implementation of IFRS 15


In millions of euros		31 Dec. 2018	31 Dec. 2017 revised*	1 Jan 2017 revised*

Liabilities


Total shareholder’s equity	11, 12	5,707.4	5,772.7	5,594.6

Non-current liabilities
- interest-bearing loans	13	2,815.5	2,842.9	3,164.3
- deferred tax liabilities	14	169.9	167.0	202.5
- employee benefits	15	105.5	102.8	100.4
- provisions	16	50.1	57.9	67.6
- contract liabilities	21	46.5	47.1	48.6

Total non-current liabilities		3,187.5	3,217.7	3,583.4

Current liabilities
- current financing liabilities	17	677.7	602.8	794.9
- trade and other payables	18	252.8	204.4	253.9
- corporate income tax	7	23.7	48.4	59.3
- restructuring provision	16	43.3	-	-
- contract liabilities	21	3.8	3.7	3.7

Total current liabilities		1,001.3	859.3	1,111.8

Total liabilities		9,896.2	9,849.7	10,289.8

* Adjusted figures due to implementation of IFRS 15

Consolidated statement of profit and loss


In millions of euros	Notes		2018		2017 revised*
Continuing operations
Revenues	21		1,247.3		1,241.2

Capitalised costs		66.2		91.5
Staff costs	22	‑287.3		‑206.1
Other operating expenses	23	‑381.7		‑374.2
Depreciation costs	2	‑313.2		‑304.4
Impairments	1	-		‑117.0
Total expenses			‑916.0		‑910.2

Operating result	30		331.3		331.0

Finance income	24		3.1		7.9
Finance expenses	25		‑76.9		‑87.3
Result of disposals of and investments in associates			-		18.6
Share in result of joint ventures	4		30.7		3.3
Share in result of associates	5		0.1		1.3
Dividend received on investments in other equity interests	6		30.1		23.9

Result before taxation			318.4		298.7

Taxes	26		6.8		‑41.5

Result after taxation			325.2		257.2

* Adjusted figures due to implementation of IFRS 15


In millions of euros	Notes		2018		2017*

Total of results taken to the profit and loss account			325.2		257.2

Balance of actuarial gains and losses on employee benefits,	15	‑0.3		1.3
of which corporate income tax		0.1		‑0.3

Total of results taken to equity which will not be reclassified subsequently to the profit and loss account			‑0.2		1.0

Changes in other equity interests stated at fair value	6	5.6		20.5


Changes in the cash flow hedge reserves	12	‑0.9		‑0.9
of which corporate income tax		0.2		0.2

Changes in other reserves			4.9		19.8


Changes in the cash flow hedge reserves concerning joint ventures and associates valued at the equity method		2.6		13.6
of which corporate income tax		‑0.6		‑3.4

Changes in deffered tax (tax rate change)	26	‑137.8		-

Change in other reserves			‑135.8		10.2

Total of results taken to equity which will be reclassified subsequently to the profit and loss account			‑130.9		30.0

Total comprehensive income for the year, net of taks			194.1		288.2


Attributable to shareholder			194.1		288.2

* Adjusted figures due to implementation of IFRS 15


In millions of euros	Share capital	Cash flow hedge reserve	Fair value reserve	Other reserves	Unappropriated result	Total
2018
Balance as at 1 January 2018*	0.2	2.3	317.9	5,195.1	257.2	5,772.7

Total of comprehensive income for the financial year	-	‑0.7	5.6	‑136.0	325.2	194.1

Dividend paid for 2017	-	-	-	-	‑258.8	‑258.8

Added to other reserves*	-	-	-	‑2.2	1.6	‑0.6

Balance as at 31 December 2018	0.2	1.6	323.5	5,056.9	325.2	5,707.4

2017 revised*
Balance as at 1 January 2017	0.2	3.0	297.4	5,110.5	183.5	5,594.6

Total of comprehensive income for the financial year	-	‑0.7	20.5	11.2	257.2	288.2

Dividend paid for 2016	-	-	-	-	‑110.1	‑110.1

Added to other reserves	-	-	-	73.4	‑73.4	-

Balance as at 31 December 2017*	0.2	2.3	317.9	5,195.1	257.2	5,772.7

* Adjusted figures due to implementation of IFRS 15


In millions of euros	Notes	2018		2017 revised*

Cash flow from operating activities
Revenues		1,247.3		1,241.2
Total expenses		‑916.0		‑910.2

Operating result		331.3		331.0

Adjustments for:
- depreciation costs	2	313.2		304.4
- impairments	1	-		117.0
- movement in inventories	8	0.8		‑6.3
- movement in receivables	9	‑59.1		31.7
- movement in non-interest-bearing liabilities		34.0		‑10.5
- results desinvestments		4.3		5.4

Cash generated from operating activities			624.5		772.7

Interest received		1.8		7.9
Dividend received on investments in joint ventures	4	27.3		41.6
Dividend received on investments in associates		-		1.2
Dividend received on investments in other equity interests	6	30.1		23.9
Interest paid	25	‑71.8		‑115.4
Corporate income tax paid	26	‑90.9		‑70.1

			‑103.5		‑110.9

Net cash flow from operating activities			521.0		661.8

Cash flow from investing activities
Investments in tangible and intangible fixed assets	2	‑328.4		‑269.5
Disposals of tangible and intangible fixed assets	2	1.2		‑0.9
Investments in joint ventures	4	‑2.4		‑2.9
Redeemed capital in joint ventures		-		18.0
Result of disposals of associates		-		20.0

Cash flow from investing activities			‑329.6		‑235.3

Cash flow from financing activities
New long-term loans	14	300.0		-
Repayment of long-term loans	14	‑321.4		‑771.4
Movement in short-term financing	18	74.9		257.8
Dividend paid	28	‑258.8		‑110.1

Cash flow from financing activities			‑205.3		‑623.7

Movement in cash and cash equivalents			‑13.9		‑197.2

Cash and cash equivalents at previous year-end		41.2		238.4
Cash and cash equivalents at year-end		27.3		41.2
			‑13.9		‑197.2

* Adjusted figures due to implementation of IFRS 15