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    ATC   NL0011333752

ALTICE EUROPE A

(ATC)
End-of-day quote. End-of-day quote Euronext Amsterdam - 01/26
5.34 EUR   -0.07%
06/10Altice Europe Reportedly Seeks Buyers for EUR 6 Billion Portugal Ops
CI
06/10BT : Sells 12% Stake To Patrick Drahi's Altice UK
MT
03/03Vivendi Considering Bidding for Bertelsmann's Stake in M6
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Altice Europe N : France - Q3 2020 Consolidated Financial Statements

11/23/2020 | 12:49pm EDT

Altice France S.A.

Condensed Interim Consolidated Financial Statements

As of and for the nine-month period ended

September 30, 2020

Altice France S.A. - Condensed Interim Consolidated Financial Statements - September 30, 2020

Consolidated Statement of Income

September 30,

September 30,

2020

2019 revised (*)

(€m)

Revenues

8,009.9

7,810.5

Purchasing and subcontracting costs

(2,184.8)

(2,072.5)

Other operating expenses

(1,334.2)

(1,356.7)

Staff costs and employee benefits

(767.6)

(745.5)

Depreciations, amortizations and impairments

(2,598.8)

(2,491.6)

Other expenses and income (**)

(127.9)

2,686.3

Operating profit

996.5

3,830.5

Finance income

30.7

3.3

Interest relative to gross financial debt

(584.1)

(628.3)

Realized and unrealized gains/(loss) on derivative instruments linked to financial debt

(82.8)

(115.3)

Other financial expenses

(119.2)

(191.6)

Net result on extinguishment of financial liabilities

-

(79.1)

Finance costs, net

(755.4)

(1,011.0)

Share of earnings of associates and joint ventures

(187.2)

(121.4)

Profit/(loss) before income tax from continuing operations

53.9

2,698.1

Income tax benefit/(expenses)

(112.7)

(28.7)

Profit/(loss) from continuing operations

(58.8)

2,669.4

Profit/(loss) after tax from discontinuing operations

-

-

Profit/(loss)

(58.8)

2,669.4

Attributable to equity holders of the parent

(119.2)

2,630.0

Attributable to non-controlling interests

60.5

39.4

  1. Refer to Note 20 - Assets (and liabilities) held for sale in the 2019 annual consolidated financial statements. (**) As of September 30, 2019, includes the capital gain due to the loss of control in SFR FTTH (€2,79 5.9 million).

Consolidated Statement of Other Comprehensive Income

September 30,

September 30,

2020

2019 revised (*)

(€m)

Profit (loss)

(58.8)

2,669.4

Items that may be subsequently reclassified to profit or loss:

Foreign currency translation adjustments

0.5

0.2

Cash flow hedges

36.5

131.4

Related taxes

(9.4)

(33.9)

Other items related to associates

0.3

0.2

Items that will not be subsequently reclassified to profit or loss:

Actuarial gain (loss)

(0.2)

(26.5)

Related taxes

(0.0)

6.7

Total Comprehensive Profit (loss)

(31.1)

2,747.5

Of which:

Attributable to equity holders of the parent

(91.8)

2,708.1

Attributable to non-controlling interests

60.7

39.4

Altice France S.A. - Condensed Interim Consolidated Financial Statements - September 30, 2020

Consolidated Statement of Financial Position

September 30,

December 31,

(€m)

2020

2019

Assets

Goodwill

11,045.4

11,076.3

Intangible assets

5,302.5

5,483.4

Contracts costs

156.2

159.6

Property, plant and equipment

6,342.2

6,323.1

Rights of use assets

3,471.0

3,418.6

Investments in associates and joint ventures

1,373.4

1,551.4

Financial assets

1,847.1

1,028.5

Deferred tax assets

149.1

230.7

Other assets

220.1

247.7

Total non-current assets

29,907.2

29,519.2

Inventories

433.2

348.5

Trade and other receivables

3,901.0

3,421.5

Contracts assets

194.3

217.4

Current tax assets

189.1

48.8

Financial assets

152.1

24.1

Cash and cash equivalents

663.0

556.8

Assets classified as held for sale

2.9

-

Total current assets

5,535.5

4,617.0

Total Assets

35,442.7

34,136.3

Consolidated Statement of Financial Position

September 30,

December 31,

2020

2019

(€m)

Equity and liabilities

Issued capital

443.7

443.7

Additional paid in capital

3,533.1

3,533.1

Reserves

339.8

446.0

Equity attributable to owners of the company

4,316.6

4,422.8

Non-controlling interests

280.3

226.3

Total equity

4,596.9

4,649.2

Borrowings, financial liabilities and relating hedging instruments

18,780.6

17,336.5

Lease liabilities

2,833.7

2,804.3

Other financial liabilities

301.6

312.0

Provisions

496.5

460.0

Non-current contracts liabilities

502.8

520.8

Deferred tax liabilities

12.6

44.2

Other liabilities

19.3

24.8

Total non-current liabilities

22,947.0

21,502.7

Borrowings, financial liabilities

214.6

426.7

Lease liabilities

704.4

675.6

Other financial liabilities

872.1

1,170.1

Trade and other payables

5,336.9

4,828.6

Contracts liabilities

505.5

501.7

Current tax liabilities

88.7

145.1

Provisions

134.5

149.5

Other liabilities

39.2

87.2

Liabilities directly associated with assets classified as held for sale

2.9

-

Total Current liabilities

7,898.8

7,984.4

Total Equity & liabilities

35,442.7

34,136.3

1

Altice France S.A. - Condensed Interim Consolidated Financial Statements - September 30, 2020

Equity attributable to owners of the company

Consolidated Statement of Changes in Equity

Additional

Consolidated

Capital

paid-in

Reserves

OCI

Total

NCI

equity

capital

(€m)

Position at December 31, 2018

443.7

5,403.1

(1,718.2)

(306.9)

3,821.7

216.4

4,038.1

Transition - IFRS 16

-

-

40.0

-

40.0

-

40.0

Position at January 1st, 2019

443.7

5,403.1

(1,678.1)

(306.9)

3,861.7

216.4

4,078.2

Dividends paid

-

(1,870.0)

-

-

(1,870.0)

(27.1)

(1,897.1)

Comprehensive income (loss)

-

-

2,630.0

78.1

2,708.1

39.4

2,747.5

Share-based compensation

-

-

1.9

-

1.9

-

1.9

Other movements

-

4.6

(12.7)

-

(8.1)

4.0

(4.2)

Position at September 30, 2019 revised

443.7

3,537.7

941.1

(228.9)

4,693.6

232.7

4,926.3

Dividends paid

-

-

(501.4)

-

(501.4)

(20.6)

(522.0)

Comprehensive income (loss)

-

-

222.5

10.4

232.9

6.3

239.3

Share-based compensation

-

-

0.6

-

0.6

-

0.6

Other movements

-

(4.6)

1.6

-

(3.0)

8.0

5.0

Position at December 31, 2019

443.7

3,533.1

664.5

(218.4)

4,422.8

226.3

4,649.2

Dividends paid

-

-

-

-

-

(1.1)

(1.1)

Comprehensive income (loss)

-

-

(119.2)

27.5

(91.8)

60.7

(31.1)

Share-based compensation

-

-

1.9

-

1.9

-

1.9

Additional participation in Rhon'Telecom and DSP (a)

-

-

(22.2)

-

(22.2)

(5.3)

(27.5)

Business combination under common control (b)

-

-

5.7

-

5.7

(0.5)

5.1

Other movements

-

-

0.2

-

0.2

0.2

0.3

Position at September 30, 2020

443.7

3,533.1

530.8

(191.0)

4,316.6

280.3

4,596.9

  1. Refer to Note 3 - Change in scope
  2. Of which Altice Picture : €5.1 million; refer to No te 2 - Significant events of the period - Transfer of sports rights to Altice France

Breakdown of Changes in Equity Related to

December 31,

September 30,

December 31,

September 30,

Other Comprehensive Income

Change

Change

(€m)

2018

2019

2019

2020

Hedging instruments

(418.3)

(286.9)

131.4

(274.6)

(238.1)

36.5

Related taxes

108.0

74.1

(33.9)

70.9

61.5

(9.4)

Actuarial gains and losses

0.8

(25.7)

(26.5)

(23.7)

(23.9)

(0.2)

Related taxes

(0.2)

6.5

6.7

5.4

5.4

(0.0)

Foreign currency translation adjustments

(1.0)

(0.7)

0.2

(0.8)

(0.3)

0.5

Items related to associates

3.7

3.8

0.2

4.0

4.3

0.3

Total

(306.9)

(228.9)

78.1

(218.7)

(191.1)

27.6

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Altice Europe NV published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 17:48:03 UTC


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Managers and Directors
Patrick Drahi President & Executive Director
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Thierry Sauvaire Independent Non-Executive Director
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