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Consolidated income statement 2016 2015
restated
2014
restated
(Amounts in €'000)      
       
Revenues from sales and services 221,041 335,172 240,067
Cost of materials 2,281 4,859 2,440
Cost of services 121,423 164,602 133,185
Costs for use of 3rd-party assets 49,837 61,265 56,463
Personnel expenses 44,101 61,023 48,171
Other operating expenses 4,222 5,705 4,925
Total operating costs 221,864 297,454 245,184
Other income 3,216 2,992 3,522
Results of equity-accounted companies 1,259 2,828 1,448
Gross operating result 3,652 43,538 -147
Depreciation and amortisation 8,398 12,305 13,319
Allowance for doubtful accounts and other provisions 5,477 8,179 1.517
Adjustments to asset values 12,771 9,657 3,637
Net operating result (EBIT)  -22,994 13,397 -18,620
Financial income/(expenses) -985 -3,507 -4,849
Profit/(loss) before income tax -23,979 9,890 -23,469
Income tax -5,305 5,987 -4,716
Profit/(loss) from continuing operations: -18,674 3,903 -18,753
Profit/(loss) from discontinued operations: -4,176 -3,474 -353
Profit/(loss): -22,850 429 -19,106
- attributable to the Shareholders of the controlling entity -22,794 1,014 -18,955
- attributable to non-conrolling interests -56 -585 -151

Some of the 2014 and 2015 figures have been restated for compararative purposes to reflect the accounting of the Chinese companies, Worldex and Haikou Worldex, under IFRS 5, following the divestment of the subsidiary Interteks on 27 July 2015, and for the different classification of the use of risk provisions in FY2014.





Key figures
Full Year at 31/12/2016
Full Year at 31/12/2015 restated Full Year at 31/12/2014 restated
(Amounts in €'000, if not otherwise stated)
       
       
Net square metres of exhibition space 1,653,300 2,223,920 1,634,425
- In Italy 1,285,600 1,822,875 1,220,125
 of which related to exhibitions directly organised 175,655 462,650 208,975
- Abroad 367,700 401,045 414,300
       
Number of exhibitors 31,830 42,640 32,790
- In Italy 23,800 32,340 22,430
of which related to exhibitions directly organised 3,605 7,530 3,915
- Abroad 8,030 10,300 10,360
       
Number of exhibitions  81 114 113
- In Italy 46 63 51
- Abroad 35 51 62
Number of congesses with related exhibition space in Italy 39 36 37
       
Revenues from sales and services 221,041 335,172 240,067
Gross operating result (a) 3,652 43,538 -147
Net operating result (EBIT) -22,994 13,397 -18,620
Net profit/(loss)  -22,850 429 -19,106
- Attributable to the shareholders of the controlling entity -22,794 1,014 -18,955
- Attributable to non-controlling interests
-56 -585 -151
Cash flow for the Group and non-controlling interests (b) 3,796 30,570 -633
       
Net capital employed (c) 99,995 97,694 141,355
Net financial debt/(cash)  39.530 12,426 121,667
       
Investments 7.387 7,817 8,515
       
Employees (no. of permanent employees at year end) 725 783 807

 

(a) Gross operating profit is the operating result before depreciation and amortisation, adjustments to asset values and other provisions.
(b) Cash flow is the net result for the financial year, plus depreciation and amortisation, provisions and adjustments to asset values.
(c) Net capital employed is non-current assets, non-current liabilities and net working capital.
Some of the 2014 and 2015 figures have been restated for comparative purposes to reflect the accounting of the Chinese companies, Worldex and Haikou Worldex, under IFRS 5, following the divestment of the subsidiary Interteks on 27 July 2015, and for the different classification of the use of risk provisions in FY2014.




  Reclassified consolidated balance sheet 31/12/16 31/12/15 31/12/14
  (Amounts in €'000)      
         
A Non-current assets 160,882 182,302 204,730
B Current assets 57,707 65,816 55,632
C Current liabilities 104,234 130,700 99,767
D Net working capital (B - C) -46,527 - 64,884 - 44,135
E Gross capital employed (A + D) 114,355 117,418 160,595
F Non-current liabilities 16,409 19,724 19,240
G NET CAPITAL EMPLOYED continuing operations (E - F) 97,946 97,694 141,355
H NET CAPITAL EMPLOYED discontinued operations  2,049 - -
  TOTAL NET CAPITAL EMPLOYED (G + H)  99,995 97,694 141,355
I Total equity 61,679 85,268 19,688
  Net financial position continuing operations 39,530 12,426 121,667
  Net financial position assets held for sale -1,214 - -
L Net financial position (TOTAL) 38,316 12,426 121,667
  EQUITY AND NET FINANCIAL POSITION (I + L) 99,995 97,694 141,355
 
 
 





Last updated on 30/10/2017 - 14.58