jaarverslag 2019jaarverslag 2019 SimeSime poru poru illuptisilluptis ostium ostium ro eumro eum fuga fuga ANNUAL REPORT 2019 Contents Statement on non-financial information 04 NOTES TO THE CONSOLIDATED 47 Note 19 Trade and other receivables 81 AUDITOR’S REPORT 104 Consolidated key figures 20 FINANCIAL STATEMENTS Note 20 Deferred tax assets and liabilities 83 Executive management committee Note 21 Inventories 84 STATUTORY ANNUAL ACCOUNTS 109 and board of directors 22 Note 1 Main financial reporting principles 47 Note 22 Short-term investments, cash and 84 Annual report of the board of directors 23 applied cash equivalents Financial calendar 112 Corporate governance declaration 30 Note 2 Group structure 58 Note 23 Equity 85 Note 3 Segmented information 60 Note 24 Share-based payments 85 CONSOLIDATED FINANCIAL 39 Note 4 Revenue 62 Note 25 Provisions 87 STATEMENTS Note 5 Services and other goods 65 Note 26 Significant litigations 87 Note 6 Personnel charges 65 Note 27 Non-current employee benefits 89 Note 7 Write-down of inventories and 66 Note 28 Financial debts 92 receivables Note 29 Other notes on liabilities 92 Note 8 Other operating income/expenses 66 Note 30 Finance and operating leases 94 Note 9 Impairment losses and other non- 67 Note 31 Contingent liabilities and contractual 94 recurring results commitments for the acquisition of Note 10 Net finance costs 67 property, plant and equipment Note 11 Income taxes 68 Note 32 Financial instruments - risks and 95 Note 12 Discontinued operations 69 fair value Note 13 Earnings per share 70 Note 33 Business combinations 98 Note 14 Dividends 70 Note 34 Disposal of subsidiaries 99 Note 15 Intangible assets and goodwill 71 and sector disposals Note 16 Property, plant and equipment 74 Note 35 Important events after the balance 100 Note 17 Investments in associates and joint 75 sheet date ventures Note 36 Fees to the auditor and to persons 101 Note 18 Investments in financial assets, 80 related to the auditor loans and guarantees Note 37 Related party transactions 102 This annual report is available in English and Dutch. In the event of differences the Dutch text of the annual report is legally binding. 4 Roularta Annual report Non-financial information 5 STATEMENT ON Mission, vision and values NON-FINANCIAL INFORMATION [*] “One Team, One Family.” For more than two decades, Roularta Media Group Good communication about the efforts and achieve- has been committed to sustainable and eco -efficient ments of our company in the area of sustainable and entrepreneurship. socially responsible entrepreneurship is a must in a ✓ ✓ competitive market. “Passion for the “Go for brand The aim of sustainable and socially responsible entre- preneurship is to achieve a harmonious balance In this statement, we briefly discuss our efforts and media consumer, and quality.” between three pillars: People, Planet and Profit. achievements in the field of corporate social responsi- bility. This statement is based on the GRI guidelines for and the rest will follow.” Customers and our stakeholders in general attach sustainability reporting. For our detailed sustainability increasing importance to transparency about the ori- report, we refer you to our corporate website. gin of our products and services, as well as the extent to which a company deals eco- efficiently with raw ✓ ✓ materials and energy. “Strive for value, “Consider each innovation and growth.” challenge as The social dimension is also gaining in importance. Committed and involved employees and independent an opportunity.” contractors take more initiative, allowing us to realise our objectives together with them. [*] Part of the annual report of the board of directors. MISSION “As a multimedia company, Roularta Media Group creates and distributes quality, independent and relevant content for the general public and for spe cific target groups. It links to this advanced marketing and advertising platforms for its partners. Roularta Media Group aims to create sustainable added value for its stakeholders and for all of society.” VISION “Roularta Media Group aims to remain the most relevant media partner for the long term.” Flower border with footpath along the Roularta car park on the Meiboomlaan in Roeselare. 6 Roularta Annual report Non-financial information 7 How Roularta Media Group creates value INPUT • Chairmanship of WE MEDIA (Belgian magazine association) and EMMA (European OUTPUT Spreading Financial capital quality, relevant, magazine association) Financial capital Intellectual capital • Relationship with suppliers and professional and independent • 80 million EUR registered capital organisations • 296 million EUR turnover content for our • 48 innovative projects tested by • 13,141,123 shares, listed on Euronext Brussels • 23,597 advertisers • 95 million EUR personnel readers and the Innovation Lab • 228 million EUR equity • 792,247 subscribers • 6.8% growth in turnover advertisers • 70 magazine titles • 96 million EUR net cash position • 5 newspaper titles Intellectual capital Manufactured capital Manufactured capital Human capital • Innovation Lab and Roularta Digital Hub • 557,322,827 rotations rotary presses • Offices in Belgium: Brussels, Zellik, Roeselare • Strong media brands • More than 100 events (Trends Manager • 14,500 hours of training for (head office), Antwerp, Ghent, Hasselt of the Year, Trends Summer University, personnel • Office in The Netherlands: Baarn Human capital She goes ICT, …) • 63 new recruitments • 6 advanced full-colour offset printing presses • Printed copies: 299,314,608 magazines • 650 data servers • 1,265 permanent employees and 184,772,778 newspapers • 1 petabyte storage capacity • 712 men, 553 women Taking care • 2,000 computers • 186 recognised professional journalists of our people • Network in excess of 1,300 freelancers and Social capital community Lowering Natural capital our footprint • Different memberships e.g. Council for with high-tech Journalism, Febelgra • An average of 70,000 tonnes of 100% TCF paper Social capital Connecting people printing • 1,383 tonnes of ink facilities • 19,746 m³ water locally through • Websites: more than 9 million • 159,000 m² aluminium plates providing free unique visitors per month and more • 36,416 litres of cleaning agents regional news, than 30 million page views per month • 164,919 litres of dampening additives digital platforms • 3,031,631 readers of local media and the organisation • 35,720 MWh energy • 9,504,539 magazine readers (CIM) of events Natural capital • 66,000 m² area of greenery beside the in Belgium, The Netherlands and Economen over CORONA: ‘Dit kost Trump zijn job’ HERMAN VAN GOETHEM (UA) Germany • 3.57% energy saving* Rector company plant ‘We denken vandaag allemaal als Vlaams-nationalisten’ Recyclage in Vlaanderen Het probleem met DE PETFLESSEN www.libelle.be • 98% reader client satisfaction rate on the site in Roeselare TIPS VOOR APRIL 2020 • Weekly 1,100,000 viewers for = 390 tonnes less CO emission altijd lente ‘Vaders ❘ NR 4 ❘ ² IN JE TUIN 416 willen vaak geen + GRATIS MODE week-week-’ BEIGE & regeling STIJLGIDS GROEN, van Paulien Riemis Kanaal Z/Canal Z or an average yearly dé trend van RIJKER IN ZEVEN STAPPEN het seizoen NOODREGERING-WILMÈS OORLOGSKABINET ODE AAN DE MET OORLOGSBEGROTING BELGISCHE MODE DE WEERBAARHEID • Co-creator ‘Een Hart voor consumption of 89 families FINANCIEEL-ECONOMISCH WEEKBLAD VAN DE BANKEN IT-PIECES EN 46STE JAARGANG · NR.12 · €6,60 · 19 MAART 2020 ZWARE STRESSTEST, GEEN Vrolijke voetjes! 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