2019 Annual financial report

Chapter 5. Commentary on the financial year

Information on supplier payment periods (article 441-6-1 of the French Commercial Code)


Invoices received and not settled on the reporting date that are past due

0 days1 to 30 days31 to 60 days61 to 90 days91 days or moreTotal (1 day or more)

(A) Late payment tranches


Number of invoices involved

Invoices received and not settled on the reporting date that are past due

0

 

8


Total amount of invoices involved, inc. tax

Invoices received and not settled on the reporting date that are past due

0

19,677

24

248

28,175

48,124


Percentage of total amount of purchases, inc. tax for the year

Invoices received and not settled on the reporting date that are past due

0.00%

0.23%

0.00%

0.00%

0.32%

0.55%


(B) Invoices not included in (A) relating to bad debts and receivables or not recognized


Number of invoices not included

Invoices received and not settled on the reporting date that are past due

25


Amount of invoices not included

Invoices received and not settled on the reporting date that are past due

131,945


(C) Reference payment periods used (contractual or legal – article L. 441-6 or article L. 443-1 of the French Commercial Code)


Payment periods used to calculate late payments:

Invoices received and not settled on the reporting date that are past due

Contractual payment periods, namely those indicated on our purchase orders, range from cash on delivery to 60 days, in line with statutory maximums.

/  Allocation of 2019 net income and setting the dividend 

The General Shareholders’ Meeting called to approve the 2019 financial statements on May 27, 2020, will be asked to appropriate distributable earnings, which consist of:

  • net income (loss) for 2019:                                  euro 187,925,853.62; 
  • less increase to the statutory reserve:                         euro 207,490.40; 
  • plus earnings brought forward at December 31, 2019:      euro 5,944,801.95. 

I.e. Total distributable earnings of euro 193,663,165.17 To which is added an amount taken from issue premiums euro 82,839,454.98 I.e. a total of euro 276,502,620.15 distributed to shareholders (based on a dividend of euro 1.15 per share and 240,437,061 shares, including treasury shares, as at December 31, 2019).