LEGO-Group-Annual-Report-2017.pdf

Equity 20714 20039 17751 12832 11075 liabilities 9197

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Equity 20,714 20,039 17,751 12,832 11,075 Liabilities 9,197 9,898 10,126 8,587 6,877 Cash Flow Statement Cash flows from operating activities 10,691 9,084 10,559 7,945 6,744 Investment in intangible assets 35 92 126 59 103 Investment in property, plant and equipment 1,494 2,908 2,822 3,115 2,644 Cash flows from financing activities (9,378) (6,575) (6,816) (5,302) (3,466) Total cash flows (210) (483) 808 (521) 574 Employees Average number (full-time) 16,480 16,836 13,974 12,582 11,755 Headcount end of year 17,534 19,061 17,294 14,762 13,869 Key performance indicator Economic value added (EVA) 9,368 11,273 11,406 8,761 7,250 Financial ratios (in %) Gross margin 70.7 72.2 72.6 71.8 70.7 Operating margin 29.6 32.8 34.2 33.9 33.0 Net profit margin 22.3 24.9 25.6 24.6 24.2 Return on equity (ROE) 38.3 49.9 60.0 58.8 58.4 Return on invested capital (ROIC) 71.9 90.5 104.7 99.3 106.9 Equity ratio 69.3 66.9 63.7 59.9 61.7 The Financial Highlights for 2016 have been adjusted as a consequence of a change in classification in the Income Statement. The Financial Highlights for 2015, 2014 and 2013 have not been changed. The change in classification in the Income Statement is described in note 1. The key performance indicator is calculated in accordance with the definitions in note 1. Financial ratios, except invested capital, are calculated in accordance with the “Recommendations and Financial Ratios 2015”, issued by the Danish Society of Financial Analysts. For definitions, please refer to note 1. Parentheses denote negative figures. Financial Highlights The LEGO Group — Annual Report 2017
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17,534 35.0 7.8 billion (DKK) Revenue billion (DKK) Net profit Headcount end of year
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Consolidated Financial Statements 10 Consolidated Financial Statements The LEGO Group — Annual Report 2017
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Income Statement and Statement of Comprehensive Income 1 January – 31 December (mDKK) Note 2017 2016 Income Statement Revenue 3 34,995 37,934 Production costs 4,6,7 (10,239) (10,531) Gross profit 24,756 27,403 Sales and distribution expenses 4,6,7 (10,208) (10,487) Administrative expenses 4,5,6,7 (2,352) (2,527) Other operating expenses 4,6,8 (1,837) (1,941) Operating profit 10,359 12,448 Financial income 9 13 15 Financial expenses 10 (171) (72) Profit before income tax 10,201 12,391 Tax on profit for the year 11 (2,395) (2,955) Net profit for the year 7,806 9,436 (mDKK) 2017 2016 Statement of Comprehensive Income Profit for the year 7,806 9,436 Items that will be reclassified to the income statement, when specific conditions are met: Change in market value of cash flow hedges 277 (55) Reclassification of cash flow hedges from equity to be recognised as part of: Revenue in the income statement (122) (60) Production costs in the income statement (9) 4 Tax on cash flow hedges (32) 25 Currency translation differences (243) (55) Items that will not be reclassified to the income statement: Remeasurements of defined benefit plans (3) (9) Tax on remeasurements of defined benefit plans 1 2 Total comprehensive income for the year 7,675 9,288 11 Income Statement The LEGO Group — Annual Report 2017
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Balance Sheet at 31 December (mDKK) Note 2017 2016 ASSETS Non-current assets Development projects 71 39 Software 192 270 Licences, patents and other rights 24 42 Intangible assets 12 287 351 Land, buildings and installations 5,300 5,352 Plant and machinery 3,536 3,710 Other fixtures and fittings, tools and equipment 1,304 1,193 Fixed assets under construction 1,386 1,457 Property, plant and equipment 13 11,526 11,712 Deferred tax assets 19 591 611 Investments in associates 14 3 3 Prepayments 146 159 Other non-current assets 740 773
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