Fiscal 2020 Universal Registration Document

4. Information on the issuer

4.3.2 Appropriation of earnings

(in millions of euro)FISCAL 2020FISCAL 2019FISCAL 2018FISCAL 2017FISCAL 2016
Net incomeNet incomeFISCAL 2020221Net incomeFISCAL 2019597Net incomeFISCAL 2018481Net incomeFISCAL 2017396Net incomeFISCAL 2016616
Retained earningsRetained earningsFISCAL 20201,443Retained earningsFISCAL 20191,276Retained earningsFISCAL 20181,202Retained earningsFISCAL 20171,223Retained earningsFISCAL 2016966
Retained earnings(2)Retained earnings(2)FISCAL 202028Retained earnings(2)FISCAL 201923Retained earnings(2)FISCAL 201818Retained earnings(2)FISCAL 201711Retained earnings(2)FISCAL 201612
Retained earnings(3)Retained earnings(3)FISCAL 2020-Retained earnings(3)FISCAL 2019-Retained earnings(3)FISCAL 2018-Retained earnings(3)FISCAL 2017-Retained earnings(3)FISCAL 2016-
Transfer to legal reserveTransfer to legal reserveFISCAL 2020-Transfer to legal reserveFISCAL 2019-Transfer to legal reserveFISCAL 2018-Transfer to legal reserveFISCAL 2017-Transfer to legal reserveFISCAL 2016-
Transfer from long-term capital gains reserveTransfer from long-term capital gains reserveFISCAL 2020-Transfer from long-term capital gains reserveFISCAL 2019-Transfer from long-term capital gains reserveFISCAL 2018-Transfer from long-term capital gains reserveFISCAL 2017-Transfer from long-term capital gains reserveFISCAL 2016-
Distributable earningsDistributable earningsFISCAL 20201,692Distributable earningsFISCAL 20191,896Distributable earningsFISCAL 20181,701Distributable earningsFISCAL 20171,630Distributable earningsFISCAL 20161,594
Net dividendNet dividendFISCAL 2020-Net dividendFISCAL 2019427Net dividendFISCAL 2018405Net dividendFISCAL 2017415Net dividendFISCAL 2016369
Dividend premium(4)Dividend premium(4)FISCAL 2020-Dividend premium(4)FISCAL 20193Dividend premium(4)FISCAL 20182Dividend premium(4)FISCAL 20172Dividend premium(4)FISCAL 20162
ReservesReservesFISCAL 2020-ReservesFISCAL 2019-ReservesFISCAL 2018-ReservesFISCAL 2017-ReservesFISCAL 2016-
Retained earningsRetained earningsFISCAL 20201,692Retained earningsFISCAL 20191,465Retained earningsFISCAL 20181,294Retained earningsFISCAL 20171,213Retained earningsFISCAL 20161,223
Number of shares outstandingNumber of shares outstandingFISCAL 2020147,454,887Number of shares outstandingFISCAL 2019147,454,887Number of shares outstandingFISCAL 2018147,454,887Number of shares outstandingFISCAL 2017150,830,449Number of shares outstandingFISCAL 2016153,741,139
Number of shares entitled to a dividendNumber of shares entitled to a dividendFISCAL 2020147,454,887Number of shares entitled to a dividendFISCAL 2019147,454,887Number of shares entitled to a dividendFISCAL 2018147,454,887Number of shares entitled to a dividendFISCAL 2017150,830,449Number of shares entitled to a dividendFISCAL 2016153,741,139
Earnings per share(in euro)Earnings per share(in euro)FISCAL 20201.50Earnings per share(in euro)FISCAL 20194.05Earnings per share(in euro)FISCAL 20183.26Earnings per share(in euro)FISCAL 20172.62Earnings per share(in euro)FISCAL 20164.01

(1) Subject to approval by the Annual Shareholders Meeting to be held on January 12, 2021.
(2) Corresponding to dividends not paid on treasury shares.
(3) Corresponding to the 10% dividend premium not paid.
(4) The Board of Directors proposes at the Annual Shareholders Meeting on January 12, 2021, not to pay a dividend for Fiscal 2020.

4.3.3 Supplier and client past due invoices

INVOICES RECEIVED AND PAST DUE AS OF AUGUST 31, 2020
(in millions of euro)0 DAYS1-30 DAYS31-60 DAYS61-90 DAYSOVER 91 DAYSTOTAL (1 DAY AND OVER)
Classified as late payment
Number of invoicesNumber of invoices0 DAYS827Number of invoices1-30 DAYS-Number of invoices31-60 DAYS-Number of invoices61-90 DAYS-Number of invoicesOVER 91 DAYS-Number of invoicesTOTAL (1 DAY AND OVER)1 197
Amount (incl. VAT)Amount (incl. VAT)0 DAYS16Amount (incl. VAT)1-30 DAYS8Amount (incl. VAT)31-60 DAYS5Amount (incl. VAT)61-90 DAYS1Amount (incl. VAT)OVER 91 DAYS2Amount (incl. VAT)TOTAL (1 DAY AND OVER)16
% of total purchases (net of VAT) for the fiscal year% of total purchases (net of VAT) for the fiscal year0 DAYS8.8%% of total purchases (net of VAT) for the fiscal year1-30 DAYS4.4%% of total purchases (net of VAT) for the fiscal year31-60 DAYS2.8%% of total purchases (net of VAT) for the fiscal year61-90 DAYS0.5%% of total purchases (net of VAT) for the fiscal yearOVER 91 DAYS1.1%% of total purchases (net of VAT) for the fiscal yearTOTAL (1 DAY AND OVER)8.8%
Invoices related to disputed or unrecognized payables and not classified as late payment





Number of invoices

Number of invoices31-60 DAYS-


Amount (incl. VAT)

Amount (incl. VAT)31-60 DAYS-


Reference payment terms used







0 DAYS
Contractual payment terms