Chapters
Annual Report 2019

Balance Sheet (Before Appropriation of Result)

in thousands of EUR

Notes

31 December 2019

31 December 2018

ASSETS

Non-current assets

Right-of-use assets

5

4,405

-

Financial fixed assets

6

1,265,520

1,169,299

Deferred income tax assets

1,122

54

1,271,047

1,169,353

Current assets

Trade and other receivables

60,963

49,461

Cash and cash equivalents

567

66

61,530

49,527

Total assets

1,332,577

1,218,880

EQUITY AND LIABILITIES

Equity

Share capital

7

5,089

5,089

Share premium

7

59,405

56,280

Treasury shares

7

- 16,235

- 14,068

Legal reserves

7, 8

- 121,759

- 102,717

Retained earnings

7

1,072,169

1,001,592

Result for the year

7

178,483

216,278

1,177,152

1,162,454

Non-current liabilities

Lease liabilities

4,110

-

Deferred income tax liabilities

978

-

5,088

-

Current liabilities

Lease liabilities

773

-

Other liabilities

149,564

56,426

150,337

56,426

Total equity and liabilities

1,332,577

1,218,880

GrandVision has applied IFRS 16 at 1 January 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of applying IFRS 16 is recognized in retained earnings. The accompanying notes are an integral part of these parent financial statements.