Vetoquinol - Universal Registration Document - 2021

64 Vetoquinol Universal Registration Document 2020 Financial report CONSOLIDATED FINANCIAL STATEMENTS Consolidated statement of comprehensive income 6 6.1 Consolidated statement of comprehensive income In order to present a better view of its economic performance, the Group presents an APM titled “EBIT before depre- ciation of acquired assets”. This indicator isolates the non-cash impacts of amortization recognized in connection with external growth operations. €000 Notes 2020 2019 Sales 6.5.8 427,467 395,990 Purchases consumed (128,031) (124,526) Other purchases and external expenses 6.5.10 (82,818) (81,442) Staff costs 6.5.11 (130,170) (122,818) Taxes other than on income (6,295) (5,689) Depreciation and impairment of fixed assets 6.5.21/6.5.22 (11,871) (11,522) Depreciation and impairment of fixed assets - IFRS 16 6.5.15 (4,905) (4,792) Provisions and write-backs (1,407) (876) Other operating income 6.5.13 4,869 6,043 Other operating expenses 6.5.13 (1,572) (1,483) EBIT BEFORE DEPRECIATION OF ACQUIRED ASSETS 65,268 48,886 % of sales 15.3% 12.3% Amortization of acquired intangible assets (9,104) (2,982) EBIT 56,164 45,903 % of sales 13.1% 11.6% Non-recurring operating income and expenses 6.5.13 (19,069) (5,018) OPERATING INCOME 37,095 40,886 % of sales 8.7% 10.3% Income from cash and cash equivalents 6.5.17 623 280 Gross cost of debt 6.5.17 (693) (217) Interest paid - Lease liabilities (134) (165) NET COST OF DEBT 6.5.17 (204) (102) Other financial income 6.5.17 3,294 2,448 Other financial expenses 6.5.17 (4,607) (2,551) NET FINANCIAL INCOME/(EXPENSE) 6.5.17 (1,516) (205) INCOME BEFORE TAX 35,578 40,681 Income tax expense 6.5.18 (16,635) (12,464) NET INCOME EXCL. EARNINGS OF ASSOCIATES 18,944 28,217 Earnings/(loss) of associates 286 30 CONSOLIDATED NET INCOME 19,229 28,247 Attributable to: Parent company shareholders 19,221 28,589 Non-controlling (minority) interests 9 (342) Exchange differences on translation of foreign operations reclassifiable to P/L (28,585) 1,603 Post-tax actuarial gains (losses) not reclassified to P/L (55) (554) Other comprehensive income, net of tax Total comprehensive income for the year, net of tax (9,411) 29,296 Attributable to: Parent company shareholders (9,420) 29,654 Non-controlling (minority) interests 9 (358) Basic EPS (€) 6.5.19 1.63 2.42 Diluted EPS (€) 6.5.19 1.63 2.42