consolidated annual accounts and other documents …
TRANSCRIPT
1 NAT. Filing Date Nr. P. U. D. CONSO 1
CONSOLIDATED ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANY LAW
IDENTIFICATION DETAILS
NAME OF THE CONSOLIDATING COMPANY OR THE CONSORTIUM (1) (2) : .........................................................................................
.....................................................................................................................................................................................................................
Legal form: ..................................................................................................................................................................................................
Address: ................................................................................................................................................... Nr.: ................... Box: ...............
Postal code: ............................. Municipality: ...........................................................................................................................................
Country: .......................................................
Register of Legal persons – commercial court ............................................................................................................................................
Website (3): http://www. . ..............................................................................................................................................................
Company identification number
CONSOLIDATED ANNUAL ACCOUNTS
Presented tot he general meeting of / /
Regarding the period from / / To / /
Preceding period from / / to / /
The amounts for the preceding period are identical tot he ones previously published: yes / no (1)
Included with these consolidated accounts are: - the consolidated annual report
- the auditors report on the consolidated annual accounts
IN CASE THE CONSOLIDATED ACCOUNTS OF A FOREIGN COMPANY ARE SUBMITTED BY A BELGIAN SUBSIDIARY
Name of the Belgian subsidiary which deposits the accounts (article 113, § 2, 4°a of the Company Law)
.....................................................................................................................................................................................................................
.....................................................................................................................................................................................................................
Company identification number of the belgian subsidiary which deposits the accounts
Total number of pages deposited: .......................... Number of sections of the standard form not deposited because they serve no
useful purpose: ..............................................................................................................................................................................................
(1) Strike out what is not applicable. (2) A consortium has to fill in disclosure IV (page CONSO 5.4). (3) Optional information.
XXXXXXXXXXXXXXXXX
A. Reyerslaan 80
1000 Brussels
Belgium
Brussels, Dutch-speaking
BE 0890.082.292
12 05 2020
01 01 2019 31 12 2019
01 01 2018 31 12 2018
XXXXX
385.2, 5.3, 5.4, 5.8.1, 5.8.2, 5.8.4, 5.8.5, 5.9.4, 5.9.5, 5.12, 5.18, 7, 8
EUR
ANNUAL ACCOUNTS IN THOUSAND OF EUROS
Brussels Airport Company
Public limited company
Marc DESCHEEMAECKERChairman
Arnaud FEISTManaging Director
OCR9002
Nr. CONSO 2
LIST OF DIRECTORS AND MANAGERS OF THE CONSOLIDATING COMPANY AND OF THE AUDITORS
REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT OF THE CONSOLIDATED ANNUAL ACCOUNT
LIST OF THE DIRECTORS, MANAGERS AND AUDITORS
COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and municipality) and
position within the company
BE 0890.082.292
Marc DESCHEEMAECKERHutstraat 1, 8670 Koksijde, Belgium
Chairman of the board of directors14/05/2019 - 12/05/2020
Arnaud FEISTSouffraanstraat 5, 3090 Overijse, Belgium
Managing director14/05/2019 - 13/05/2025
Ron BOOTSFunenpark 472, 1018 AK Amsterdam, Netherlands
Director04/12/2019 - 13/05/2025
Stéphane BRIMONTrue de la Côté à Belier 14, 78290 Croissy sur Seine, France
Director14/05/2019 - 04/12/2019
John BRUENErnie Road 25, SW20 OHH London, United Kingdom
Director14/05/2019 - 04/12/2019
Benjamin CADRANELRue Langeveld 85, 1180 Uccle, Belgium
Director14/05/2019 - 12/05/2020
Luc HAEGEMANSAmerikalaan 17, 3000 Leuven, Belgium
Director14/05/2019 - 12/05/2020
Olivier HENINPlace Saint Begge 5, 5300 Andenne, Belgium
Director14/05/2019 - 12/05/2020
David KERRCopthorne Road, Croxley Green 17, WD3 4AB Rickmansworth, United Kingdom
Director14/05/2019 - 13/05/2025
Carlo MADDALENABoomstraat 53B, 1015 LB Amsterdam, Netherlands
Director19/12/2019 - 13/05/2025
Carsten NØRLANDOestre Strandvej 18, 2680 Solroed Strand, Denmark
Director14/05/2019 - 13/05/2025
Charles THOMAZIHolly Hill 10, NW3 6SE London, United Kingdom
Director14/05/2019 - 13/05/2025
Patrick TILLIEUXAvenue Hamoir 50, 1180 Uccle, Belgium
Director14/05/2019 - 04/12/2019
Giles TUCKERTurners 2, Charles Hill, NW3 6SE London, United Kingdom
Director04/12/2019 - 13/05/2025
PricewaterhouseCoopersNr.: BE 0429.501.944Woluwedal 18, 1932 Sint-Stevens-Woluwe, BelgiumMembership nr.: B00009
Auditor09/05/2017 - 12/05/2020
Represented by:
Koen HENSWoluwedal 18, 1932 Sint-Stevens-Woluwe, BelgiumMembership nr.: A01912
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CONSOLIDATED ACCOUNTS
CONSOLIDATED BALANCE SHEET AFTER APPROPRIATION*
Discl. Codes Period Preceding period
ASSETS
FORMATION EXPENSES ............................................................. 5.7 20 21.880 29.491
FIXED ASSETS ............................................................................ 21/28 2.936.623 2.698.560
Intangible fixed assets ............................................................. 5.8 21 847.485 836.677
Positive consolidation differences ......................................... 5.12 9920 ............................. .............................
Tangible fixed assets ............................................................... 5.9 22/27 2.088.586 1.861.657
Land and buildings ................................................................ 22 1.759.042 1.637.044
Plant, machinery and equipment ........................................... 23 133.243 125.659
Furniture and vehicles ........................................................... 24 44.389 26.780
Leasing and similar rights ...................................................... 25 ............................. .............................
Other tangible fixed assets .................................................... 26 ............................. .............................
Assets under construction and advance payments ............... 27 151.912 72.174
Financial fixed assets ..............................................................5.1 -
5.4/5.10 28 552 226
Companies accounted for using the equity method .............. 5.10 9921 178 .............................
Participating interests ....................................................... 99211 ............................. .............................
Amounts receivable .......................................................... 99212 178 .............................
Other enterprises ................................................................... 5.10 284/8 374 226
Participating interests and shares ..................................... 284 ............................. .............................
Amounts receivable .......................................................... 285/8 374 226
__________________________* Article 124 of the Royal decree of 30 january 2001 concerning the execution of the Company Law.
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Discl. Codes Period Preceding period
CURRENT ASSETS ...................................................................... 29/58 290.655 220.042
Amounts receivable after more than one year ...................... 29 19.811 19.990
Trade debtors ........................................................................ 290 19.811 19.990
Other amounts receivable ..................................................... 291 ............................. .............................
Deferred taxes representing assets ....................................... 292 ............................. .............................
Stocks and contracts in progress .......................................... 3 31 .............................
Stocks .................................................................................... 30/36 31 .............................
Raw materials and consumables ...................................... 30/31 ............................. .............................
Work in progress ............................................................... 32 ............................. .............................
Finished goods ................................................................. 33 ............................. .............................
Goods purchased for resale ............................................. 34 31 .............................
Immovable property intended for sale .............................. 35 ............................. .............................
Advance payments ........................................................... 36 ............................. .............................
Contracts in progress ............................................................ 37 ............................. .............................
Amounts receivable within one year ...................................... 40/41 109.896 111.188
Trade debtors ........................................................................ 40 88.588 94.220
Other amounts receivable ..................................................... 41 21.308 16.968
Current investments ................................................................ 50/53 ............................. .............................
Own shares ........................................................................... 50 ............................. .............................
Other investments ................................................................. 51/53 ............................. .............................
Cash at bank and in hand ........................................................ 54/58 121.224 45.194
Deferred charges and accrued income .................................. 490/1 39.693 43.670
TOTAL ASSETS ........................................................................ 20/58 3.249.158 2.948.093
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Discl. Codes Period Preceding period
EQUITY AND LIABILITIES
EQUITY ....................................................................................... 10/15 801.396 641.663
Capital ....................................................................................... 10 640.090 640.090
Issued capital ......................................................................... 100 640.090 640.090
Uncalled capital ..................................................................... 101 ............................. .............................
Share premium account .......................................................... 11 ............................. .............................
Revaluation surpluses ............................................................. 12 294.206 219.227
Consolidated reserves ...................................................(+)/(-) 5.11 9910 -150.209 -227.981
Negative consolidation differences ........................................ 5.12 9911 ............................. .............................
Translation differences ..................................................(+)/(-) 9912 ............................. .............................
Investment grants .................................................................... 15 17.309 10.327
MINORITY INTERESTS
Minority interests ..................................................................... 9913 12 .............................
PROVISIONS AND DEFERRED TAXES ......................................... 16 152.179 152.686
Provisions for liabilities and charges ..................................... 160/5 2.485 1.463
Pensions and similar obligations ........................................... 160 75 75
Taxation ................................................................................. 161 ............................. .............................
Major repairs and maintenance ............................................. 162 ............................. .............................
Environmental obligations ..................................................... 163 ............................. .............................
Other liabilities and charges .................................................. 164/5 2.410 1.388
Deferred taxes .......................................................................... 5.6 168 149.694 151.223
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Discl. Codes Period Preceding period
AMOUNTS PAYABLE ................................................................... 17/49 2.295.571 2.153.744
Amounts payable after more than one year .......................... 5.13 17 1.541.769 1.941.266
Financial debts ...................................................................... 170/4 1.532.708 1.932.708
Subordinated loans ........................................................... 170 557.708 557.708
Unsubordinated debentures ............................................. 171 975.000 1.375.000
Leasing and other similar obligations ............................... 172 ............................. .............................
Credit institutions .............................................................. 173 ............................. .............................
Other loans ....................................................................... 174 ............................. .............................
Trade debts ........................................................................... 175 ............................. .............................
Suppliers ........................................................................... 1750 ............................. .............................
Bills of exchange payable ................................................. 1751 ............................. .............................
Advances received on contracts in progress ......................... 176 ............................. .............................
Other amounts payable ......................................................... 178/9 9.061 8.558
Amounts payable within one year .......................................... 5.13 42/48 729.394 188.216Current portion of amounts payable after more than one yearfalling due within one year ..................................................... 42 500.000 .............................
Financial debts ...................................................................... 43 ............................. .............................
Credit institutions .............................................................. 430/8 ............................. .............................
Other loans ....................................................................... 439 ............................. .............................
Trade debts ........................................................................... 44 148.627 107.775
Suppliers ........................................................................... 440/4 148.627 107.775
Bills of exchange payable ................................................. 441 ............................. .............................
Advances received on contracts in progress ......................... 46 11.980 11.359
Taxes, remuneration and social security ............................... 45 59.530 45.209
Taxes ................................................................................ 450/3 39.947 30.664
Remuneration and social security ..................................... 454/9 19.583 14.545
Other amounts payable ......................................................... 47/48 9.257 23.873
Accruals and deferred income ................................................ 492/3 24.408 24.262
TOTAL LIABILITIES .................................................................. 10/49 3.249.158 2.948.093
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INCOME STATEMENT
(breakdown of results by nature)*
Discl. Codes Period Preceding period
Operating income ..................................................................... 70/76A 658.524 595.366
Turnover ................................................................................ 5.14 70 618.768 568.153Stocks of finished goods and work and contracts in progress:increase (decrease) .....................................................(+)/(-) 71 ............................. .............................
Own work capitalised ............................................................. 72 24.372 19.572
Other operating income ......................................................... 74 15.384 7.521
Non-recurring operating income ............................................ 5.14 76A ............................. 120
Operating charges .................................................................... 60/66A 458.194 375.368
Raw materials, consumables ................................................. 60 1.203 .............................
Purchases ......................................................................... 600/8 1.203 .............................
Stocks: decrease (increase) ...................................(+)/(-) 609 ............................. .............................
Services and other goods ...................................................... 61 197.452 177.671
Remuneration, social security costs and pensions ................ 5.14 62 96.108 77.028Depreciation of and other amounts written off formationexpenses, intangible and tangible fixed assets ..................... 630 134.390 104.906Amounts written off stocks, contracts in progress and tradedebtors: Appropriations (write-backs) ..........................(+)/(-) 631/4 2.655 1.309Provisions for liabilities and charges: Appropriations (usesand write-backs) ..........................................................(+)/(-) 635/8 1.023 -109
Other operating charges ........................................................ 640/8 11.989 11.070
Operating charges carried to assets as restructuring costs(-) 649 ............................. .............................
Amounts written off on positive consolidation differences ..... 9960 ............................. .............................
Non-recurring operating charges ........................................... 5.14 66A 13.374 3.493
Operating profit (loss) ....................................................(+)/(-) 9901 200.330 219.998
__________________________* The results can be ordered along their destination (applying article 158, paragraph 2 of the Royal decree of 30 january 2001 concerning the execution of the Company
Law.)
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Discl. Codes Period Preceding period
Financial income ...................................................................... 75/76B 2.745 1.380
Recurring financial income .................................................... 75 2.745 1.380
Income from financial fixed assets .................................... 750 4 .............................
Income from current assets .............................................. 751 804 793
Other financial income ...................................................... 752/9 1.937 587
Non-recurring financial income .............................................. 5.14 76B ............................. .............................
Financial charges ..................................................................... 65/66B 84.983 84.173
Recurring financial charges ................................................... 65 84.983 84.173
Debt charges .................................................................... 650 82.682 81.755
Amounts written off positive consolidation differences ..... 9961 ............................. .............................Amounts written off current assets except stocks,contracts in progress and trade debtors: appropriations(write-backs) ...........................................................(+)/(-) 651 ............................. .............................
Other financial charges ..................................................... 652/9 2.301 2.418
Non-recurring financial charges ............................................. 5.14 66B ............................. .............................
Gain (loss) for the period before taxes ........................(+)/(-) 9903 118.092 137.205
Transfer from deferred taxes and latent taxation liabilities . 780 4.152 23.939
Transfer to deferred taxes and latent taxation liabilities ...... 680 ............................. .............................
Income taxes ...................................................................(+)/(-) 67/77 45.748 50.262
Taxes ..................................................................................... 5.14 670/3 45.952 50.262
Adjustment of income taxes and write-back of tax provisions 77 204 .............................
Gain (loss) of the period ................................................(+)/(-) 9904 76.496 110.882
Share in the result of the companies accounted for usingthe equity method ..........................................................(+)/(-) 9975 ............................. .............................
Profits .................................................................................... 99751 ............................. .............................
Losses ................................................................................... 99651 ............................. .............................
Consolidated result ........................................................(+)/(-) 9976 76.496 110.882
Share of third parties ...................................................(+)/(-) 99761 ............................. .............................
Share of the group .......................................................(+)/(-) 99762 76.496 110.882
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EXPLANATORY DISCLOSURES
LIST OF THE CONSOLIDATED SUBSIDIARY COMPANIES AND COMPANIES INCLUDED USING THE EQUITYMETHOD
NAME, full address of the REGISTERED OFFICE and for an enterprisegoverned by Belgian law, the COMPANY IDENTIFICATION NUMBER
The equity method(I/E/V1/V2/V3/V4) 1 2
Proportion of capitalheld (in %) 3
Change of percentageof capital held (ascompared to the
previous period) 4
DNB-BABE 0863.269.712Public limited companyLuchthaven Brussel Nationaal zn, 1930 Zaventem, Belgium F 100,0 0,0
Brussels Airport Real EstateBE 0700.641.490Public limited companyLuchthaven Brussel Nationaal 1C, 1930 Zaventem, Belgium F 100,0 0,0
Cargo & Logistics Real Estate NVBE 0700.664.949Public limited companyLuchthaven Brussel Nationaal 1C, 1930 Zaventem, Belgium F 100,0 0,0
Brussels Airport ConsultingBE 0726.385.884Public limited companyLuchthaven Brussel Nationaal 1C, 1930 Zaventem, Belgium F 100,0 0,0
Aviato Academy NVBE 0726.384.894Public limited companyLuchthaven Brussel Nationaal 1C, 1930 Zaventem, Belgium F 80,0 0,0
Airhotel BelgiumBE 0428.116.626Private company with limited liabilityLuchthaven Brussel Nationaal A, 1930 Zaventem, Belgium F 100,0 0,0
__________________________
1 F. Full consolidationP. Proportional consolidation (in the first column disclose data proving joint control).
E1. Equity method used in an associated company (article 134, 1st al., 3° of the Royal Decree of 30 January 2001 in implementation of Company Law).
E2. Equity method used in a subsidiary company over which the consolidating company has a de facto control of which the inclusion in the consolidated accountswould be incompatible with the principle of a true and fair view (article 108, § 1 of the aforementioned Royal Decree).
E3. Equity method used in a subsidiary company which is in liquidation, which has decided to cease activities or which can no longer be considered as carrying onthe business (article 109 and 110 of the aforementioned Royal Decree).
E4. Equity method used in a joint subsidiary company where its activities cannot be closely integrated into the activities of the enterprise having the joint control(article 134, second al. of the aforementioned Royal Decree).
2 If a change in the percentage of the proportion of capital held entails a change in the accounting method for the inclusion in the consolidated accounts, the newmethod will be followed by an asterisk.
3 Proportion of the capital of those enterprises being held by the enterprises included in the consolidated accounts and persons acting in their own names but on onthese enterprises.
4 If the composition of the consolidated aggregate is characterised by a significant change of this percentage during this period, additional information is provided instatement V (article 112 of the aforementioned Royal Decree).
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CONSOLIDATION CRITERIA AND CHANGES IN THE CONSOLIDATION SCOPE
If of any importacne, Information and criteria governing the application of full consolidation, proportional consolidation and the equitymethod as well as those cases in which these criteria are departed from, and justification for such departures (Pursuant to Article 165, I.of the Royal Decree of 3 january 2001 in implementation of Company Law).
The full consolidation method is applied to all companies in which the group holds more than 50% of
the capital.
All items of assets and liabilities of the companies recorded following the full consolidation
method, are included in the consolidated accounts as well as all items of income and charges of
these companies.
Information which makes a comparaison meaningfull with the consolidated annual accounts of the previous financial period in case thecomposition of the consolidation aggregate in the course of the current financial period has changed significantly (Pursuant to Article112 of aforementioned Royal Decree).
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VALUATION RULES
Specification of the criteria of significatif importance for valuation of the various items in the consolidated financialstatements, in particular:
- the application and ajustments of depreciation, amounts written down and provisions for liabilities and charges, andrevaluations (pursuant to Article 165, VI.a. of the Royal Decree of 30 january 2001 january 2001 inimplementation of theCompany Law).
- the bases of translation applied to express in the consolidated accounts items which are, or originally were, expressed in acurrency other than the currency in which the consolidated accounts are stated, and the translation in the conslidatedaccounts of the accounting statements of subsidiaries and associated enterprises governed by foreign law (pursuant toArticle 165, VI.b. of the aforementioned Royal Decree).
See next page.
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ACCOUNTING POLICIES Brussels Airport Company In conformity with the provisions of article 3:6 of the Royal Decree of 29 April 2019 implementing the Code of companies and associations, the valuation rules which we apply with respect to the inventories, depreciations, write-offs and revaluations, taking account of the company's particular characteristics, are set forth below. ASSETS I. General information A) The following rule is applicable for all the depreciable assets: The first depreciation annuity relating to tangible assets acquired or provisioned for during the financial year, are depreciated pro rata temporis proportionally to the part of the financial year during which the assets are acquired or provisioned for. The tangible fixed assets under construction are depreciated starting from the financial year during which they are ready for use and the remaining useful lifetimes are adjusted accordingly. The tangible and intangible costs relating to the tangible fixed assets are depreciated with the assets to which they relate. This applies amongst other for the non-recoverable taxes, installation and assembly expenses, research costs, architects' fees, consultants' fees, etc. In principle, tangible fixed assets are depreciated straight-line. B) Foreign currency conversion For non-monetary assets or liabilities whose acquisition accompanied a foreign currency transaction, the acquisition value at which they are and remain booked is the acquisition value in EUR, obtained by applying to the price in foreign currency the exchange rate used in the acquisition. The monetary assets in foreign currencies are initially also booked in EUR, after application of the exchange rate for the day of the transaction. At the end of the year, the monetary assets are converted at the closing rate on the balance sheet date. Negative exchange differences were booked in result whereas positive non realized exchange differences were booked on the balance sheet under transitory accounts. II. Formation expenses According to the existing accounting principles, formation expenses are included in the balance sheet, but these expenses are fully depreciated in the financial year in which they were incurred. The following expenses are recorded at their acquisition value reduced with depreciations and write-offs as described hereafter. - Formation expenses and expenses related to capital increase: these expenses relate a.o. to registration duties, notary fees, legal publications, auditor fees, taxes and other expenses as a result of the formation, merger, contribution in kind or financial restructuring of a company. These expenses are depreciated over a period of 5 years. - Expenses of debt issue and refinancing: this contains all expenses (a.o. commissions, fees, etc.) related to the issue of debt and debt refinancing of all kinds. These expenses are depreciated over the lifetime of the debt.
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According to article 7:212 of the Code of companies and associations, the distributable profits need to be reduced with the net book value of these 'formation expenses'. III. Intangible fixed assets The intangible fixed assets are included in the balance sheet at their acquisition value and recorded for this amount reduced with depreciations and write-offs. As a result of the merger between Brussels Airport Holding NV/SA (BAH - the absorbing company, renamed in Brussels Airport Company NV/SA (BAC)) and The Brussels Airport Company NV/SA (TBAC - the absorbed company) per 1 July 2013 with accounting retro-activity per 1 January 2013, a merger goodwill of KEUR 821.131 was allocated to the Airport license. The Airport license is indefinite lived and therefore assessed for impairment. The definite lived intangible fixed assets are depreciated as follows: - Software: 3-5 years - Trademark: 10 years - Concession agreements (retail, food & drinks, advertising and other) are included in the balance sheet as a result of the goodwill allocation of 2013 and are depreciated based on the weighted average length of the contracts, being between 2 and 18 years. IV. Tangible fixed assets Tangible fixed assets are included in the balance sheet at their acquisition value and recorded for this amount reduced with depreciations and write-offs and increased with their revalued value. In order to have a better match between the book value and the respective market value of the assets, a review is performed to investigate whether a revaluation or a correction of the residual lifetime is necessary. A revaluation has taken place per 31 December 2018 and related to most of the assets that are included in the header "land and building" and in the header "plant, machinery and equipment". The latest revaluation took place per “31 December 2019” and relates to “land and buildings” of which the largest part was revalued land. The revaluated tangible fixed assets with a limited useful lifetime are depreciated over the residual useful lifetime of the related assets. The revalued land is not depreciated. The tangible fixed assets with a limited useful lifetime are depreciated as follows: - Buildings and land improvements: 1% - 33,33% - Plant, machinery and equipment: 2,5% - 33,33% - Furniture and vehicles: 10% - 20% - Other tangible assets: 2% - 10% Interest expenses on external debt allocated to a capital project are capitalized with this project and depreciated over the same period. Until today, no interest expenses have been capitalized. During the 2019 financial year, the positive consolidation difference that arose from the takeover of Airhotel Belgium BVBA, was attributed to the asset in the header land and buildings. This positive consolidation difference is amortized over a 10-year period, which is the remaining estimated useful life of the asset to which the consolidation difference was allocated.
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V. Financial fixed assets Financial fixed assets are valued at their acquisition value or nominal value. One applies reductions of value in the case of permanent depreciations justified by the situation, profitability or prospects of the company in which the participating interests or shares are held. VI. Amounts receivable The amounts receivable are valued at their nominal value reduced with the registered impairment. VII. Investments and cash at bank and in hand Shares and bonds, cash at bank and in hand are valued at their nominal value reduced with the registered impairment. LIABILITIES VIII. Revaluation surplus The depreciated part of the revaluation surplus is yearly transferred to the available reserves. IX. Debts Debts are valued at nominal value.
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METHODS OF CALCULATING OF DEFERRED TAXES
Detailed explanation on the methods applied in determining deferred taxes
Following the valuation rules approved by the Board of Directors in 2013, deferred taxation is
processed on temporary differences (mainly tangible and intangible depreciable fixed assets :
- Deferred tax liability: 149.964 kEUR
Codes Period
Future taxation and deferred taxesAnalysis of Heading 168 of the liabilities ............................................................................................. (168) 149.694
Future taxation (Pursuant to article 76 of the Royal Decree of 30 january 2001 in implementationof Company Law) ........................................................................................................................... 1681 6.146
Deferred taxes (Pursuant to article 129 of aforementioned Royal Decree) .................................... 1682 143.548
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STATEMENT OF FORMATION EXPENSES
Codes Period Preceding period
Net book value at the end of the period .......................................................... 20P xxxxxxxxxxxxxxx 29.491
Movements during the periodNew expenses incurred .................................................................................. 8002 6
Depreciation .................................................................................................... 8003 7.617
Translation differences .........................................................................(+)/(-) 9980 ........................
Other .....................................................................................................(+)/(-) 8004 ........................
Net book value at the end of the period .......................................................... (20) 21.880
Of whichFormation or capital increase expenses, loan issue expenses and otherformation expenses ........................................................................................ 200/2 ........................
Restructuring costs ......................................................................................... 204 ........................
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Codes Period Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR
RIGHTS
Acquisition value at the end of the period ...................................................... 8052P xxxxxxxxxxxxxxx 954.935
Movements during the periodAcquisitions, including produced fixed assets ................................................ 8022 ........................
Sales and disposals ........................................................................................ 8032 163
Transfers from one heading to another ................................................(+)/(-) 8042 34.203
Translation differences .........................................................................(+)/(-) 99812 ........................
Other movements .................................................................................(+)/(-) 99822 ........................
Acquisition value at the end of the period ...................................................... 8052 988.975
Depreciations and amounts written down at the end of the period ............. 8122P xxxxxxxxxxxxxxx 118.258
Movements during the periodRecorded ........................................................................................................ 8072 23.397
Written back because superfluous .................................................................. 8082 ........................
Acquisitions from third parties ......................................................................... 8092 ........................
Cancelled ........................................................................................................ 8102 165
Transferred from one heading to another .............................................(+)/(-) 8112 ........................
Translation differences .........................................................................(+)/(-) 99832 ........................
Other movements .................................................................................(+)/(-) 99842 ........................
Depreciations and amounts written down at the end of the period ............. 8122 141.490
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. 211 847.485
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STATEMENT OF TANGIBLE FIXED ASSETS
Codes Period Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period ...................................................... 8191P xxxxxxxxxxxxxxx 2.646.258
Movements during the periodAcquisitions, including produced fixed assets ................................................ 8161 43.441
Sales and disposals ........................................................................................ 8171 2.786
Transfers from one heading to another ................................................(+)/(-) 8181 98.138
Translation differences .........................................................................(+)/(-) 99851 ........................
Other movements .................................................................................(+)/(-) 99861 ........................
Acquisition value at the end of the period ...................................................... 8191 2.785.051
Revaluation surpluses at the end of the period ............................................. 8251P xxxxxxxxxxxxxxx 764.890
Movements during the periodRecorded ........................................................................................................ 8211 75.439
Acquisitions from third parties ......................................................................... 8221 ........................
Cancelled ........................................................................................................ 8231 ........................
Transferred from one heading to another .............................................(+)/(-) 8241 ........................
Translation differences .........................................................................(+)/(-) 99871 ........................
Other movements .................................................................................(+)/(-) 99881 ........................
Revaluation surpluses at the end of the period ............................................. 8251 840.329
Depreciations and amounts written down at the end of the period ............. 8321P xxxxxxxxxxxxxxx 1.774.104
Movements during the periodRecorded ........................................................................................................ 8271 74.595
Written back because superfluous .................................................................. 8281 ........................
Acquisitions from third parties ......................................................................... 8291 17.683
Cancelled ........................................................................................................ 8301 44
Transferred from one heading to another .............................................(+)/(-) 8311 ........................
Translation differences .........................................................................(+)/(-) 99891 ........................
Other movements .................................................................................(+)/(-) 99901 ........................
Depreciations and amounts written down at the end of the period ............. 8321 1.866.338
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (22) 1.759.042
Nr. CONSO 5.9.1BE 0890.082.292
First - CONSO2019 - 18 / 38
Codes Period Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period ...................................................... 8192P xxxxxxxxxxxxxxx 203.748
Movements during the periodAcquisitions, including produced fixed assets ................................................ 8162 15.149
Sales and disposals ........................................................................................ 8172 7.139
Transfers from one heading to another ................................................(+)/(-) 8182 31.430
Translation differences .........................................................................(+)/(-) 99852 ........................
Other movements .................................................................................(+)/(-) 99862 ........................
Acquisition value at the end of the period ...................................................... 8192 243.188
Revaluation surpluses at the end of the period ............................................. 8252P xxxxxxxxxxxxxxx 175.315
Movements during the periodRecorded ........................................................................................................ 8212 ........................
Acquisitions from third parties ......................................................................... 8222 ........................
Cancelled ........................................................................................................ 8232 ........................
Transferred from one heading to another .............................................(+)/(-) 8242 ........................
Translation differences .........................................................................(+)/(-) 99872 ........................
Other movements .................................................................................(+)/(-) 99882 ........................
Revaluation surpluses at the end of the period ............................................. 8252 175.315
Depreciations and amounts written down at the end of the period ............. 8322P xxxxxxxxxxxxxxx 253.404
Movements during the periodRecorded ........................................................................................................ 8272 22.266
Written back because superfluous .................................................................. 8282 ........................
Acquisitions from third parties ......................................................................... 8292 9.944
Cancelled ........................................................................................................ 8302 354
Transferred from one heading to another .............................................(+)/(-) 8312 ........................
Translation differences .........................................................................(+)/(-) 99892 ........................
Other movements .................................................................................(+)/(-) 99902 ........................
Depreciations and amounts written down at the end of the period ............. 8322 285.260
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (23) 133.243
Nr. CONSO 5.9.2BE 0890.082.292
First - CONSO2019 - 19 / 38
Codes Period Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period ...................................................... 8193P xxxxxxxxxxxxxxx 85.101
Movements during the periodAcquisitions, including produced fixed assets ................................................ 8163 16.604
Sales and disposals ........................................................................................ 8173 4.344
Transfers from one heading to another ................................................(+)/(-) 8183 22.664
Translation differences .........................................................................(+)/(-) 99853 ........................
Other movements .................................................................................(+)/(-) 99863 ........................
Acquisition value at the end of the period ...................................................... 8193 120.025
Revaluation surpluses at the end of the period ............................................. 8253P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8213 ........................
Acquisitions from third parties ......................................................................... 8223 ........................
Cancelled ........................................................................................................ 8233 ........................
Transferred from one heading to another .............................................(+)/(-) 8243 ........................
Translation differences .........................................................................(+)/(-) 99873 ........................
Other movements .................................................................................(+)/(-) 99883 ........................
Revaluation surpluses at the end of the period ............................................. 8253 ........................
Depreciations and amounts written down at the end of the period ............. 8323P xxxxxxxxxxxxxxx 58.321
Movements during the periodRecorded ........................................................................................................ 8273 6.515
Written back because superfluous .................................................................. 8283 ........................
Acquisitions from third parties ......................................................................... 8293 15.011
Cancelled ........................................................................................................ 8303 4.211
Transferred from one heading to another .............................................(+)/(-) 8313 ........................
Translation differences .........................................................................(+)/(-) 99893 ........................
Other movements .................................................................................(+)/(-) 99903 ........................
Depreciations and amounts written down at the end of the period ............. 8323 75.636
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (24) 44.389
Nr. CONSO 5.9.3BE 0890.082.292
First - CONSO2019 - 20 / 38
Codes Period Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period ...................................................... 8196P xxxxxxxxxxxxxxx 72.174
Movements during the periodAcquisitions, including produced fixed assets ................................................ 8166 266.174
Sales and disposals ........................................................................................ 8176 ........................
Transfers from one heading to another ................................................(+)/(-) 8186 -186.436
Translation differences .........................................................................(+)/(-) 99856 ........................
Other movements .................................................................................(+)/(-) 99866 ........................
Acquisition value at the end of the period ...................................................... 8196 151.912
Revaluation surpluses at the end of the period ............................................. 8256P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8216 ........................
Acquisitions from third parties ......................................................................... 8226 ........................
Cancelled ........................................................................................................ 8236 ........................
Transferred from one heading to another .............................................(+)/(-) 8246 ........................
Translation differences .........................................................................(+)/(-) 99876 ........................
Other movements .................................................................................(+)/(-) 99886 ........................
Revaluation surpluses at the end of the period ............................................. 8256 ........................
Depreciations and amounts written down at the end of the period ............. 8326P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8276 ........................
Written back because superfluous .................................................................. 8286 ........................
Acquisitions from third parties ......................................................................... 8296 ........................
Cancelled ........................................................................................................ 8306 ........................
Transferred from one heading to another .............................................(+)/(-) 8316 ........................
Translation differences .........................................................................(+)/(-) 99896 ........................
Other movements .................................................................................(+)/(-) 99906 ........................
Depreciations and amounts written down at the end of the period ............. 8326 ........................
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (27) 151.912
Nr. CONSO 5.9.6BE 0890.082.292
First - CONSO2019 - 21 / 38
STATEMENT OF FINANCIAL FIXED ASSETS
Codes Period Preceding period
COMPANIES USING THE EQUITY METHOD- PARTICIPATIONS
Acquisition value at the end of the period ...................................................... 8391P xxxxxxxxxxxxxxx ........................
Movements during the periodAcquisitions ..................................................................................................... 8361 ........................
Sales and disposals ........................................................................................ 8371 ........................
Transfers from one heading to another ................................................(+)/(-) 8381 ........................
Translation differences .........................................................................(+)/(-) 99911 ........................
Acquisition value at the end of the period ...................................................... 8391 ........................
Revaluation surpluses at the end of the period ............................................. 8451P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8411 ........................
Acquisitions from third parties ......................................................................... 8421 ........................
Cancelled ........................................................................................................ 8431 ........................
Translation differences .........................................................................(+)/(-) 99921 ........................
Transferred from one heading to another .............................................(+)/(-) 8441 ........................
Revaluation surpluses at the end of the period ............................................. 8451 ........................
Amounts written down at the end of the period ............................................. 8521P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8471 ........................
Reversals because superfluous ...................................................................... 8481 ........................
Acquisitions from third parties ......................................................................... 8491 ........................
Cancelled ........................................................................................................ 8501 ........................
Translation differences .........................................................................(+)/(-) 99931 ........................
Transferred from one heading to another .............................................(+)/(-) 8511 ........................
Amounts written down at the end of the period ............................................. 8521 ........................
Uncalled amounts at the end of the period ..................................................... 8551P xxxxxxxxxxxxxxx ........................
Movements during the period ................................................................(+)/(-) 8541 ........................
Uncalled amounts at the end of the period ..................................................... 8551 ........................
Movements in the capital and reserves of the enterprises accounted forusing the equity method at the end of the period .......................................... 99941P xxxxxxxxxxxxxxx ........................
Movements during the periodShare in the result for the financial period .......................................(+)/(-) 999411 ........................
Elimination of dividends regarding those participating interests ......(+)/(-) 999421 ........................
Other movements in the capital and reserves .................................(+)/(-) 999431 ........................
Movements in the capital and reserves of the enterprises accounted forusing the equity method at the end of the period ................................(+)/(-) 99941 ........................
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (99211) ........................
Nr. CONSO 5.10.1BE 0890.082.292
First - CONSO2019 - 22 / 38
Codes Period Preceding period
AFFILIATED ENTITIES - AMOUNTS RECEIVABLE
Net book value at the end of the period .......................................................... 99212P xxxxxxxxxxxxxxx ........................
Movements during the periodAdditions ......................................................................................................... 8581 178
Repayments .................................................................................................... 8591 ........................
Amounts written down .................................................................................... 8601 ........................
Amounts written back ..................................................................................... 8611 ........................
Translation differences .........................................................................(+)/(-) 99951 ........................
Other .....................................................................................................(+)/(-) 8631 ........................
Net book value at the end of the period .......................................................... (99212) 178
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD ......................................................................................................... 8651 ........................
Nr. CONSO 5.10.1BE 0890.082.292
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Codes Period Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS
Acquisition value at the end of the period ...................................................... 8392P xxxxxxxxxxxxxxx 3.070
Movements during the periodAcquisitions ..................................................................................................... 8362 ........................
Sales and disposals ........................................................................................ 8372 3.070
Transfers from one heading to another ................................................(+)/(-) 8382 ........................
Translation differences .........................................................................(+)/(-) 99912 ........................
Acquisition value at the end of the period ...................................................... 8392 ........................
Revaluation surpluses at the end of the period ............................................. 8452P xxxxxxxxxxxxxxx ........................
Movements during the periodRecorded ........................................................................................................ 8412 ........................
Acquisitions from third parties ......................................................................... 8422 ........................
Cancelled ........................................................................................................ 8432 ........................
Translation differences .........................................................................(+)/(-) 99922 ........................
Transferred from one heading to another .............................................(+)/(-) 8442 ........................
Revaluation surpluses at the end of the period ............................................. 8452 ........................
Amounts written down at the end of the period ............................................. 8522P xxxxxxxxxxxxxxx 3.070
Movements during the periodRecorded ........................................................................................................ 8472 ........................
Reversals because superfluous ...................................................................... 8482 ........................
Acquisitions from third parties ......................................................................... 8492 ........................
Cancelled ........................................................................................................ 8502 3.070
Translation differences .........................................................................(+)/(-) 99932 ........................
Transferred from one heading to another .............................................(+)/(-) 8512 ........................
Amounts written down at the end of the period ............................................. 8522 ........................
Uncalled amounts at the end of the period ..................................................... 8552P xxxxxxxxxxxxxxx ........................
Movements during the period ................................................................(+)/(-) 8542 ........................
Uncalled amounts at the end of the period ..................................................... 8552 ........................
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (284) ........................
OTHERS ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. 285/8P xxxxxxxxxxxxxxx 226
Movements during the periodAdditions ......................................................................................................... 8582 148
Repayments .................................................................................................... 8592 ........................
Amounts written down .................................................................................... 8602 ........................
Amounts written back ..................................................................................... 8612 ........................
Translation differences .........................................................................(+)/(-) 99952 ........................
Other .....................................................................................................(+)/(-) 8632 ........................
NET BOOK VALUE AT THE END OF THE PERIOD .................................................. (285/8) 374
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD ......................................................................................................... 8652 ........................
Nr. CONSO 5.10.2BE 0890.082.292
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STATEMENT OF CONSOLIDATED RESERVES
Codes Period Preceding period
Consolidated reserves at the end of the period ...................................(+)/(-) 9910P xxxxxxxxxxxxxxx -227.981
Movements during the periodShares of the group in consolidated income .........................................(+)/(-) 99002 76.496
Other movements .................................................................................(+)/(-) 99003 1.276
(breakdown of the meaningfull amounts not approportioned to the share ofthe group in the consolidated result)
Other changes 1.276
..................................................................................................................... ........................
..................................................................................................................... ........................
..................................................................................................................... ........................
Consolidated reserves at the end of the period ...................................(+)/(-) (9910) -150.209
Nr. CONSO 5.11BE 0890.082.292
First - CONSO2019 - 25 / 38
STATEMENT OF AMOUNTS PAYABLE
Codes Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE
YEAR, ACCORDING TO THEIR RESIDUAL TERM
Current portion of amounts payable after more than one year falling due within one yearFinancial debts .................................................................................................................................... 8801 500.000
Subordinated loans ........................................................................................................................ 8811 ........................
Unsubordinated debentures ........................................................................................................... 8821 500.000
Leasing and other similar obligations ............................................................................................. 8831 ........................
Credit institutions ............................................................................................................................ 8841 ........................
Other loans ..................................................................................................................................... 8851 ........................
Trade debts ......................................................................................................................................... 8861 ........................
Suppliers ........................................................................................................................................ 8871 ........................
Bills of exchange payable ............................................................................................................... 8881 ........................
Advance payments received on contract in progress ......................................................................... 8891 ........................
Other amounts payable ....................................................................................................................... 8901 ........................
Total current portion of amounts payable after more than one year falling due within one year .. (42) 500.000
Amounts payable with a remaining term of more than one but not more than five yearsFinancial debts .................................................................................................................................... 8802 575.000
Subordinated loans ........................................................................................................................ 8812 ........................
Unsubordinated debentures ........................................................................................................... 8822 575.000
Leasing and other similar obligations ............................................................................................. 8832 ........................
Credit institutions ............................................................................................................................ 8842 ........................
Other loans ..................................................................................................................................... 8852 ........................
Trade debts ......................................................................................................................................... 8862 ........................
Suppliers ........................................................................................................................................ 8872 ........................
Bills of exchange payable ............................................................................................................... 8882 ........................
Advance payments received on contracts in progress ........................................................................ 8892 ........................
Other amounts payable ....................................................................................................................... 8902 9.061
Total amounts payable with a remaining term of more than one but not more than five years .... 8912 584.061
Amounts payable with a remaining term of more than five yearsFinancial debts .................................................................................................................................... 8803 957.708
Subordinated loans ........................................................................................................................ 8813 557.708
Unsubordinated debentures ........................................................................................................... 8823 400.000
Leasing and other similar obligations ............................................................................................. 8833 ........................
Credit institutions ............................................................................................................................ 8843 ........................
Other loans ..................................................................................................................................... 8853 ........................
Trade debts ......................................................................................................................................... 8863 ........................
Suppliers ........................................................................................................................................ 8873 ........................
Bills of exchange payable ............................................................................................................... 8883 ........................
Advance payments received on contracts in progress ........................................................................ 8893 ........................
Other amounts payable ....................................................................................................................... 8903 ........................
Total amounts payable with a remaining term of more than five years ........................................... 8913 957.708
Nr. CONSO 5.13BE 0890.082.292
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Codes Period
AMOUNTS PAYABLE (OR PART OF AMOUNTS PAYABLE) GUARANTEED BY REAL SECURITIES OR
IRREVOCABLY PROMISED ON THE ASSETS OF THE ENTERPRISES INCLUDED IN THE CONSOLIDATION
Financial debts .................................................................................................................................... 8922 1.475.000
Subordinated loans ........................................................................................................................ 8932 ........................
Unsubordinated debentures ........................................................................................................... 8942 1.475.000
Leasing and similar obligations ...................................................................................................... 8952 ........................
Credit institutions ............................................................................................................................ 8962 ........................
Other loans ..................................................................................................................................... 8972 ........................
Trade debts ......................................................................................................................................... 8982 ........................
Suppliers ........................................................................................................................................ 8992 ........................
Bills of exchange payable ............................................................................................................... 9002 ........................
Advance payments received on contracts in progress ........................................................................ 9012 ........................
Taxes, remuneration and social security ............................................................................................. 9022 ........................
Taxes .............................................................................................................................................. 9032 ........................
Remuneration and social security .................................................................................................. 9042 ........................
Other amounts payable ....................................................................................................................... 9052 9.173
Total amounts payable guaranteed by real securities or irrevocably promised by theenterprises of the consolidation on its own assets ........................................................................... 9062 1.484.173
Nr. CONSO 5.13BE 0890.082.292
First - CONSO2019 - 27 / 38
NET TURNOVER
Codes Period Preceding period
NET TURNOVER
Allocation by categories of activity.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Allocation into geographical markets.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Aggregate turnover of the group in Belgium ................................................... 99083 618.768 568.154
AVERAGE NUMBER OF PERSONS EMPLOYED (IN UNITS) AND PERSONNEL
CHARGES
Fully consolidated enterprisesAverage number of persons employed ........................................................... 90901 1.071 880
Workers ...................................................................................................... 90911 100 ........................
Employees ................................................................................................. 90921 962 873
Management personnel ............................................................................. 90931 9 7
Others persons .......................................................................................... 90941 ........................ ........................
Personnel charges
Remuneration and social charges ............................................................. 99621 96.108 77.028
Pensions .................................................................................................... 99622 ........................ ........................
Average number of persons employed in Belgium by the enterprisesconcerned ....................................................................................................... 99081 1.071 880
Proportionally consolidated enterprisesAverage number of persons employed ........................................................... 90902 ........................ ........................
Workers ...................................................................................................... 90912 ........................ ........................
Employees ................................................................................................. 90922 ........................ ........................
Management personnel ............................................................................. 90932 ........................ ........................
Others persons .......................................................................................... 90942 ........................ ........................
Personnel charges
Remuneration and social charges ............................................................. 99623 ........................ ........................
Pensions .................................................................................................... 99624 ........................ ........................
Average number of persons employed in Belgium by the enterprisesconcerned ....................................................................................................... 99082 ........................ ........................
Nr. CONSO 5.14BE 0890.082.292
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Codes Period Preceding period
NON RECURRING INCOME ................................................................................... 76 ........................ 120
Non-recurring operating income ...................................................................... 76A ........................ 120
Write-back of depreciation and of amounts written off intangible and tangiblefixed assets ..................................................................................................... 760 ........................ ........................
Adjustments to amounts written off consolidation differences ........................ 9970 ........................ ........................
Write-back of provisions for extraordinary operating liabilities and charges ... 7620 ........................ ........................
Capital gains on disposal of intangible and tangible fixed asset ..................... 7630 ........................ ........................
Other non-recurring operating income ............................................................ 764/8 ........................ 120
Of which:
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Non-recurring financial income ....................................................................... 76B ........................ ........................
Write-back of amounts written down financial fixed assets ............................ 761 ........................ ........................
Write-back of provisions for extraordinary financial liabilities and charges ..... 7621 ........................ ........................
Capital gains on disposal of financial fixed assets .......................................... 7631 ........................ ........................
Other non-recurring financial income .............................................................. 769 ........................ ........................
Of which:
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Codes Period Preceding period
NON-RECURRING EXPENSES .............................................................................. 66 13.374 3.493
Non-recurring operating charges .................................................................... 66A 13.374 3.493
Non-recurring depreciation of and amounts written off formation expenses,intangible and tangible fixed assets ................................................................ 660 ........................ ........................
Amounts written on positive consoolidation differences ................................. 9962 ........................ ........................
Provisions for extraordinary operating liabilities and charges: Appropriations(uses) ....................................................................................................(+)/(-) 6620 ........................ ........................
Capital losses on disposal of intangible and tangible fixed assets ................. 6630 ........................ ........................
Other non-recurring operating charges ........................................................... 664/7 13.374 3.493
Of which:
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Non-recurring operating charges carried to assets as restructuring costs .(-) 6690 ........................ ........................
Nr. CONSO 5.14BE 0890.082.292
First - CONSO2019 - 29 / 38
Codes Period Preceding period
Non-recurring financial charges ...................................................................... 66B ........................ ........................
Amounts written off financial fixed assets ....................................................... 661 ........................ ........................
Provisions for extraordinary financial liabilities and charges - Appropriations(uses) ....................................................................................................(+)/(-) 6621 ........................ ........................
Capital losses on disposal of financial fixed assets ........................................ 6631 ........................ ........................
Other non-recurring financial charges ............................................................ 668 ........................ ........................
Of which:
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
.......................................................................................................................... ........................ ........................
Non-recurring financial charges carried to assets as restructuring costs ...(-) 6691 ........................ ........................
Negative consolidation differences ............................................................(-) 9963 ........................ ........................
Codes Period Preceding period
INCOME TAXES
Difference between the tax charged in the consolidated income statementfor the period and the preceding periods and the amount of the tax paid orpayable in respect of those periods, in as far as this difference issignificant in respect of future taxation .......................................................... 99084 ........................ ........................
Effect of non-recurring results on the amount of income taxes on thecurrent period .................................................................................................... 99085 ........................ ........................
Nr. CONSO 5.14BE 0890.082.292
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RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET
Codes Period
AMOUNT OF PERSONAL GARANTEES, given or irrevocably promised by the enterprisesincluded in the consolidation, as security for third parties' debts or commitments ...................... 9149 ........................
Real guarantees provided or irrevocably promised by the enterprise on its own assets assecurity of debts and commitments of the enterprise
of enterprises included in the consolidation ........................................................................................ 99086 ........................
of third parties ..................................................................................................................................... 99087 ........................
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR
OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISES IN THE CONSOLIDATION .... 9217 ........................
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS .................................................................... 9218 242.665
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS ............................................................... 9219 ........................
RIGHTS :
to interest rates ................................................................................................................................... 99088 ........................
to exchange rates ................................................................................................................................ 99089 ........................
to prices of raw materials or goods purchased for resale ................................................................... 99090 ........................
to other similar transactions ................................................................................................................ 99091 ........................
COMMITMENTS :
to interest rates ................................................................................................................................... 99092 ........................
to exchange rates ................................................................................................................................ 99093 ........................
to prices of raw materials or goods purchased for resale ................................................................... 99094 ........................
to other similar transactions ................................................................................................................ 99095 171.535
Period
COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES
None .................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
Nr. CONSO 5.15BE 0890.082.292
First - CONSO2019 - 31 / 38
Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
See "Additional Information" in Section Conso 9 'Extra Information'. ................................................................ ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
COMMITMENTS WITH RESPECT TO RETIREMENT AND SURVIVORS PENSIONS IN FAVOUR OF THEIR PERSONNEL OR EXECUTIVES, AT
THE EXPENSE OF THE ENTERPRISES INCLUDED IN THE CONSOLIDATION
The company has concluded a contract for supplementary plan for retirement or survivors pensions for the contractual personnelwith a private insurance company. The premiums are taken into results in the year that they are charged. The pension obligations ofthe statutory personnel were transferred to the Belgian state following the Royal Decree of 22 December 2004.
Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE
None .................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
Period
NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN
THE BALANCE SHEET
Nature and commercial objective of transactions not reflected in the balance sheetProvided that the risks or advantages coming from these transactions are significant and if thedisclosure of the risks or advantages is necessary to appreciate the financial situation of thecompanies that are included in the consolidation as a whole, the financial consequences of thesetransactions for the companies that are included in the consolidation as a whole have to be mentionedas well.
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
............................................................................................................................................................................. ........................
Nr. CONSO 5.15BE 0890.082.292
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RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTSWHICH ARE NOT INCLUDED IN THE CONSOLIDATION
Codes Period Preceding period
AFFILIATED ENTERPRISES
Financial fixed assetsParticipating interests and actions .................................................................. 9261 ........................ ........................
Amounts receivable .......................................................................................... 9291 ........................ ........................
Over one year ................................................................................................. 9301 ........................ ........................
Within one year ............................................................................................... 9311 ........................ ........................
Current investments .......................................................................................... 9321 ........................ ........................
Shares ............................................................................................................ 9331 ........................ ........................
Amounts receivable ........................................................................................ 9341 ........................ ........................
Amounts payable ............................................................................................... 9351 557.708 557.708
Over one year ................................................................................................. 9361 557.708 557.708
Within one year ............................................................................................... 9371 ........................ ........................
Personal and real guarantees given or irrevocably promised, as securityof debts or promised, as security of debts or commitments of affiliatedenterprises ......................................................................................................... 9381 ........................ ........................
Other significant financial commitments ........................................................ 9401 ........................ ........................
Financial resultsIncome from financial fixed assets .................................................................. 9421 ........................ ........................
Income from current assets ............................................................................ 9431 ........................ ........................
Other financial income .................................................................................... 9441 ........................ ........................
Debt charges .................................................................................................. 9461 33.985 33.985
Other financial charges ................................................................................... 9471 ........................ ........................
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assetsParticipating interests and actions .................................................................. 9262 ........................ ........................
Amounts receivable .......................................................................................... 9292 ........................ ........................
Over one year ................................................................................................. 9302 ........................ ........................
Within one year ............................................................................................... 9312 ........................ ........................
Amounts payable ............................................................................................... 9352 ........................ ........................
Over one year ................................................................................................. 9362 ........................ ........................
Within one year ............................................................................................... 9372 ........................ ........................
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Period
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS
Transactions with enterprises linked by participating interests out of market conditions Mention ofthese transactions, with exception of transactions within the group, if they are significant, including theamount of the transactions, the nature of the link, and all information about the transactions whichshould be necessary to get better understanding of the situation of the companies included in theconsolidation as a whole.
None ........................
............................................................................................................................................................................ ........................
............................................................................................................................................................................ ........................
............................................................................................................................................................................ ........................
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FINANCIAL RELATIONSHIPS WITH
Codes Period
FINANCIAL RELATIONSHIPS WITH DIRECTORS, INDIVIDUALS OR BODIES CORPORATE FROM THE
CONSOLIDATED ENTERPRISES
Total amount of remuneration granted in respect of their responsibilities in the consolidationenterprise, its subsidiaries and its affiliated companies, including the amounts in respect ofretirement pensions granted to former directors or manage ............................................................... 99097 1.264
Total amount of advances and credits granted by the consolidating enterprise, by a subsidiarycompany or by an associated company .............................................................................................. 99098 ........................
Codes Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees according to a mandate at the group level led by the company publishing theinformation ............................................................................................................................................. 9507 274
Fees for exceptional services or special missions executed in the company and its brqnchesby the auditor
Other attestation missions ................................................................................................................... 95071 57
Tax consultancy .................................................................................................................................. 95072 ........................
Other missions external to the audit .................................................................................................... 95073 ........................
Fees to people auditors are linked to according to the mandate at the group level led by thecompany publishing the information ................................................................................................... 9509 ........................
Fees for exceptional services or special missions executed in the company and its branches bypeople they are linked to
Other attestation missions ................................................................................................................... 95091 ........................
Tax consultancy .................................................................................................................................. 95092 50
Other missions external to the audit .................................................................................................... 95093 110
Mentions related to article 134 from the Companies Code
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OTHER DOCUMENTS TO BE FILED UNDER BELGIANCOMPANY LAW
CONSOLIDATED MANAGMENT REPORT
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ADDITIONAL INFORMATION relating to Brussels Airport Company (BAC) I. Following the split-up of the former RLW/RVA, Brussels Airport Company took over the environmental responsibilities. In accordance with the Royal Decree of 20 December 2001, Brussels Airport Company is bearing 5% of the total soil sanitation cost of the land. The total soil sanitation cost was estimated by Brussels Airport Company, in mutual agreement with OVAM, at 34.100 kEUR. During the financial year 2001, Brussels Airport Company booked a provision of 1.700 kEUR for the soil sanitation. The soil sanitation cost can be recovered for 95% from the state authorities. The provision will be used for the remaining 5% of the total soil sanitation cost to be borne by Brussels Airport Company. II. By law the statutory employees (of the former RLW/RVA) are entitled to a number of paid sickness days. At present, the amount of the provision of sickness days to be paid is not quantifiable and as such it is only mentioned in the annexes. III. The coordinating organization of airline-companies have filed a lawsuit against the Federal Administration of Transport & Mobility and the official Regulator regarding the implementation of an extra security-charge. The Brussels Airport Company acts as mediator in this legal matter. The board of directors has concluded that regarding this matter all legal requirements were fulfilled and the responsible official authorities have approved this extra security charge. The new security charge has been charged through to the airline-companies since 2005 according to the regulations specified by the official regulator. IV. There are some other disputes of which the possible effect on the accounts of Brussels Airport Company is not quantifiable. On basis of the actual information, the Board of Directors is of the opinion that these disputes do not affect the annual accounts or that necessary provisions are made. V. In relation to the bank loan and/or issued bonds by Brussels Airport Company, the following guarantees are established (code 9191 “Pledges of other assets” in F 6.14 in the statutory F/S of BAC NV): - a pledge on the net book value of land and buildings, shares, receivables and cash - a mortgage for an amount of 126.500 kEUR - a mortgage mandate for an amount of 1.473.500 kEUR - a floating charge agreement of 126.500 kEUR The total amount guaranteed by (i) the mortgages and (ii) pledges provided, will never exceed the amount of 1.600.000 kEUR. VI. In the financial year 2011 Brussels Airport Company has transferred the right of use on a building for which a finance lease agreement was concluded in 2009 with a third party (lessee), to the lessee. As a result, Brussels Airport Company has a long-term (over a period of 36 years) lease receivable on the lessee concerned amounting to 17.783 kEUR. Subsequently, Brussels Airport Company has sold a portion of 10.661 kEUR of this receivable (corresponding to the future cash flows to be indexed relating to the first 27 years) to a financial institution. Since Brussels Airport Company still has certain obligations and bears certain risks on the part of the lease receivable that was sold to the financial institution (right or recourse), a debt (towards the financial institution) was established in the framework of the accounting treatment for the same amount as the amount of transferred
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claim. In the framework of this transaction, Brussels Airport Company has pledged the unsold portion of the receivable for an amount of 6.902 kEUR in favor of the financial institution concerned. VII. The Summer agreement 2017 regarding reform Belgian Corporate Tax had significant impact in 2017 and 2018 on Deferred Taxes.(Code 16 - Page CONSO 3.2) VIII. Corona COVID-19. Since late February 2020, the Company has been confronted with the unforeseeable consequences of Corona COVID-19. These consequences are expected to have a significant impact on the Company's results for the fiscal year 2020. As from March 2020 we are confronted with a significant decrease in passenger traffic and the expectations are that the passenger traffic will continue to be very limited during the months of April and May 2020. This decrease will result in a significant decrease in revenues in these months. Necessary actions have been taken to reduce the operating expenses and the capital expenditure to maintain a sufficient level of cash to continue the airport operations under the assumption of a going concern.
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