Kinepolis Annual Report 2016

124 128

Condensed financial statements of
Kinepolis Group NV
The following information is an extract from the unconsoli-
dated financial statements of Kinepolis Group NV, drawn up
in accordance with the Belgian accounting principles. These
unconsolidated financial statements, together with the
management report to the General Shareholders’ Meeting
and the Auditor’s report, will be filed with the National Bank
of Belgium within the legal deadline.
It should be noted that only the consolidated financial
statements as presented above give a true and fair view of
the financial position and performance of Kinepolis Group NV.
Since Kinepolis Group NV is essentially a holding company
that accounts for its investments at cost in its unconsolidated
statements, these separate financial statements only give a
limited view of the financial position of Kinepolis Group NV.
Therefore the Board of Directors has deemed it appropriate
to present only a condensed unconsolidated balance sheet
and income statement, prepared according to the Belgian
accounting principles for the year ended
31 December 2016.
The statutory auditor’s report on these statements is
unqualified and confirms that the unconsolidated financial
statements of Kinepolis Group NV, prepared in accordance
with Belgian accounting principles for the year ending
31 December 2016, give a true and fair view of the
financial position of Kinepolis Group NV in accordance
with all legal and regulatory provisions.
The unconsolidated financial statements of Kinepolis
Group NV can be obtained free of charge from the
website of the Nationale Bank van België ),
in section ‘Balanscentrale’, subsection ‘Jaarrekeningen
raadplegen’ or requested free of charge from Investor
Relations.
CONDENSED UNCONSOLIDATED INCOME STATEMENT OF KINEPOLIS GROUP NV
IN ’000 € 2015 2016
Non-current assets 349 766 377 933
Intangible assets 1 227 4 995
Property, plant and equipment 9 973 7 419
Financial fixed assets 338 566 365 519
Current assets 39 845 35 771
TOTAL ASSETS 389 611 413 704
Equity 67 372 69 117
Issued capital 18 952 18 952
Share premium 1 154 1 154
Legal reserve 1 895 1 895
Unavailable reserves 3 238 2 526
Available reserves 7 050 7 050
Profit carried forward 35 083 37 538
Provisions and deferred taxes 9 355 3 088
Non-current loans and borrowings 260 669 287 831
Current loans and borrowings 38 050 39 948
Accrued charges and deferred income 14 165 13 720
TOTAL EQUITY AND LIABILITIES 389 611 413 704
124 05 / FINANCIAL REPORT KINEPOLIS GROUP ANNUAL REPORT 2016