Financial ratios have been computed based on the following key indicators:
|
|
|
FISCAL 2020 | FISCAL 2019 |
|---|---|---|---|
| (1) Borrowings | (1) Borrowings
Non-current borrowings |
(1) Borrowings FISCAL 2020 4,975 |
(1) Borrowings FISCAL 2019 3,902 |
|
+ Non-current derivative financial instrument liabilities |
13 |
FISCAL 2020 7 |
|
|
+ Current borrowings |
21 |
FISCAL 2020 182 |
|
|
+ Current derivative financial instrument liabilities |
6 |
FISCAL 2020 0 |
|
|
- Derivative financial instruments recognized as assets |
(22) |
FISCAL 2020 (12) |
|
|
BORROWINGS |
4 992 |
FISCAL 2020 4 079 |
|
| (2) Operating cash | (2) Operating cash
Cash and cash equivalents |
(2) Operating cash FISCAL 2020 2 027 |
(2) Operating cash FISCAL 2019 1 781 |
|
+ Restricted cash and financial assets related to the Benefits & Rewards Services activity |
1 103 |
FISCAL 2020 1 120 |
|
|
- Bank overdrafts |
(6) |
FISCAL 2020 (35) |
|
|
OPERATING CASH |
3 124 |
FISCAL 2020 2 866 |
|
| (3) Underlying EBITDA | (3) Underlying EBITDA
Underlying operating profit |
(3) Underlying EBITDA FISCAL 2020 569 |
(3) Underlying EBITDA FISCAL 2019 1 200 |
|
+ Depreciation and amortization |
622 |
FISCAL 2020 302 |
|
|
- Lease payments (1) |
(285) |
FISCAL 2020 - |
|
|
UNDERLYING EBITDA (UNDERLYING OPERATING PROFIT BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION) |
905 |
FISCAL 2020 1 502 |
|
| (4) Underlying operating profit after tax | (4) Underlying operating profit after tax
Underlying operating profit |
(4) Underlying operating profit after tax FISCAL 2020 569 |
(4) Underlying operating profit after tax FISCAL 2019 1 200 |
|
Underlying Effective tax rate (6) |
30,8 % |
FISCAL 2020 28,9 % |
|
|
UNDERLYING OPERATING PROFIT AFTER TAX |
392 |
FISCAL 2020 852 |
|
| (5) Average capital employed(2) | (5) Average capital employed (2)
Property, plant and equipment |
(5) Average capital employed (2)FISCAL 2020 625 |
(5) Average capital employed (2)FISCAL 2019 652 |
|
+ Right-of-use assets relating to leases (3) |
1 406 |
FISCAL 2020 - |
|
|
+ Leases liabilities (3) |
(1 424) |
FISCAL 2020 - |
|
|
+ Goodwill |
5 961 |
FISCAL 2020 5 911 |
|
|
+ Other intangible assets |
737 |
FISCAL 2020 753 |
|
|
+ Client investments |
600 |
FISCAL 2020 592 |
|
|
+ Working capital excluding restricted cash and financial assets of the Benefits & Rewards Services activity |
(3 343) |
FISCAL 2020 (3 256) |
|
|
AVERAGE CAPITAL EMPLOYED |
4 563 |
FISCAL 2020 4 651 |
(1) As described in note 2.1.2.1, the Group applied IFRS 16 “Leases” starting September 1, 2019 using the simplified retrospective approach, without restating the comparative periods. As a consequence, all rents for Fiscal 2019 were recognized in underlying
operating profit.
(2) Average capital employed between the beginning and the end of the period.
(3) In Fiscal 2020, average of the IFRS 16 first time application position as of September 1, 2019 and as of the Fiscal 2020 closing balance.
