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Annual Financial Statements 2017/18. Pursuant to Section 124 Stock Exchange Act 2018

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Annual Financial Statements 2017/18. Pursuant to Section 124 Stock Exchange Act 2018 EN Kapsch TrafficCom Annual Financial Statements 2017/18. Pursuant to Section 124 Stock Exchange Act 2018. Table of contents. 1. Consolidated Financial Statements as of March 31, 2018 Consolidated Financial Statements as of March 31, 2018 3 Notes to the Consolidated Financial Statements 8 Management Report 76 Auditor’s Report 93 Statement of all Members of the Executive Board 98 2. Financial Statements as of March 31, 2018 Balance sheet as at March 31, 2018 100 Income statement for the fiscal year 2017/18 102 Notes to the financial statements for fiscal year 2017/18 103 Management Report as of March 31, 2018 119 Auditor’s Report 133 Statement of all Members of the Executive Board 140 Kapsch TrafficCom | 2 Consolidated Financial Statements as of March 31, 2018. Consolidated statement of comprehensive income. All amounts in EUR Note 2016/17 2017/18 Revenues (4) 648,479,213 693,256,518 Other operating income (5) 25,052,456 20,536,151 Changes in finished and unfinished goods and work in progress (6) 1,409,754 2,781,723 Other own work capitalized 3,551,874 404,489 Cost of materials and other production services (7) -242,146,257 -279,814,687 Staff costs (8) -224,169,884 -237,880,654 Amortization and depreciation (9) -17,715,773 -14,807,528 Other operating expenses (10) -134,359,527 -134,908,686 Proportional operating result of joint ventures (17) 0 492,120 Operating result 60,101,855 50,059,444 Finance income (11) 13,534,069 7,0 87,3 07 Finance costs (11) -13,147,130 -12,274,612 Financial result 386,940 -5,187,305 Results from associates and joint ventures (17) 146,868 -112,808 Losses from the revaluation of associates (17) 0 -562,194 Result before income taxes 60,635,663 44,197,137 Income taxes (12) -17,953,927 -16,163,979 Result for the period 42,681,736 28,033,158 Result attributable to: Equity holders of the company 43,609,880 28,680,062 Non-controlling interests -928,145 -646,904 42,681,736 28,033,158 Earnings per share from the result for the period attributable to the equity holders of the company diluted (35) 3.35 2.21 undiluted (35) 3.35 2.21 Other comprehensive income for the period Items subsequently to be reclassified to the result for the period: Currency translation differences -5,945,776 -1,409,261 Currency translation differences from net investments in foreign operations 2,673,308 -6,094,232 Available-for-sale financial assets: Fair value gains/losses recognized in other comprehensive income -3,190,631 -26,758 Reclassification of cumulated net losses to the result for the period (impairment) 2,276,893 136,006 Reclassification of cumulated net gains to the result for the period (sale of available-for-sale financial assets) -2,695 0 Cash flow hedges 424,038 37,255 Income tax relating to items subsequently to be reclassified to the result for the period -655,344 1,496,246 Total items subsequently to be reclassified to the result for the period -4,420,207 -5,860,744 Items subsequently not to be reclassified to the result for the period: Remeasurements of liabilities from post-employment benefits -520,789 -218,967 Income tax relating to items subsequently not to be reclassified to the result for the period 139,359 39,573 Total items subsequently not to be reclassified to the result for the period -381,429 -179,394 Other comprehensive income for the period net of tax (13) -4,801,636 -6,040,138 Total comprehensive income for the period 37,880,100 21,993,020 Total comprehensive income attributable to: Equity holders of the company 38,827,4 42 22,564,098 Non-controlling interests -947,3 42 -571,078 37,880,100 21,993,020 Kapsch TrafficCom | 3 Consolidated balance sheet. All amounts in EUR Note March 31, 2017 March 31, 2018 ASSETS Non-current assets Property, plant and equipment (15) 23,140,948 21,408,841 Intangible assets (16) 71,985,004 70,798,087 Interests in associates and joint ventures (17) 2,130,999 7,502,215 Other non-current financial assets and investments (18) 18,363,679 23,170,180 Other non-current assets (19) 611,149 385,055 Deferred tax assets (25) 11,9 37,6 61 12,398,930 128,169,439 135,663,308 Current assets Inventories (20) 39,254,919 38,888,783 Trade receivables and other current assets (21) 261,934,591 254,393,565 Current tax receivables 4,489,577 7,562,9 8 5 Other current financial assets (18) 3,637,945 2,804,145 Cash and cash equivalents (22) 211,298,792 181,834,603 520,615,824 485,484,082 Total assets 648,785,263 621,147,390 EQUITY Capital and reserves attributable to equity holders of the company Share capital (23) 13,000,000 13,000,000 Capital reserve 117,50 8,771 117,50 8,771 Retained earnings and other reserves 97,8 49,217 100,465,836 228,357,988 230,974,607 Non-controlling interests -1,051,928 -1,045,045 Total equity 227,306,060 229,929,562 LIABILITIES Non-current liabilities Non-current financial liabilities (24) 97,481,728 141,759,129 Liabilities from post-employment benefits to employees (26) 23,946,148 23,705,667 Non-current provisions (29) 9,992,550 8,910,567 Other non-current liabilities (27) 10,536,107 4,292,075 Deferred tax liabilities (25) 2,745,150 1,910,207 144,701,683 180,577,646 Current liabilities Current financial liabilities (24) 97,9 02,18 9 26,674,737 Trade payables 55,949,897 58,254,579 Current provisions (29) 17,6 40,38 4 9,599,649 Current tax liabilities 1,8 07,14 3 3,353,512 Other liabilities and deferred income (28) 103,477,907 112,757,704 276,777,520 210,640,182 Total liabilities 421,479,203 391,217,827 Total equity and liabilities 648,785,263 621,147,390 Kapsch TrafficCom | 4 Consolidated statement of changes in equity. Non-controlling All amounts in EUR Attributable to equity holder of the company Total equity interests Consolidated Share Capital Other retained capital reserve reserves earnings Carrying amount as of March 31, 2016 13,000,000 117,508,771 -21,887,481 114,225,495 7,811,064 230,657,849 Effects from acquisition of subsidiaries 0 203,757 203,757 Effects from increase in shares of subsidiaries -13,816,239 -8,111,708 -21,927,947 Dividend -19,500,000 -7,70 0 -19,507,70 0 Result for the period 43,609,880 -928,145 42,681,736 Other comprehensive income for the period: Currency translation differences -3,921,596 -19,198 -3,940,794 Fair value gains/losses on available-for-sale financial assets -903,450 -903,450 Remeasurements of liabilities from post-employment benefits -381,429 -381,429 Cash flow hedges 424,038 424,038 Carrying amount as of March 31, 2017 13,000,000 117,508,771 -40,486,160 138,335,376 -1,051,928 227,306,060 Capital increase at a subsidiary 131,250 131,250 Effects from increase in shares in subsidiaries 25,232 -26,000 -768 Effects from decrease of shares in subsidiaries -472,712 472,712 0 Dividend -19,500,000 0 -19,500,000 Result for the period 28,680,062 -646,904 28,033,158 Other comprehensive income for the period: Currency translation differences -6,055,761 75,826 -5,979,935 Fair value gains/losses on available-for-sale financial assets 81,936 81,936 Remeasurements of liabilities from post-employment benefits -179,394 -179,394 Cash flow hedges 37,255 37,255 Carrying amount as of March 31, 2018 13,000,000 117,508,771 -47,049,603 147,515,438 -1,045,045 229,929,562 Kapsch TrafficCom | 5 Share capital. The total number of shares issued is 13,000,000. The shares are ordinary bearer shares and have no par value. Capital reserve. Capital reserve includes those reserves that have not been established from results of prior periods. Other reserves. Other reserves contain effects of changes in the investment interest held in subsidiaries as well as reserves from other comprehensive income, for example currency translation differences and fair value gains/losses on available-for-sale financial assets after deduction of deferred taxes, remeasurements of liabilities from post-employment benefits after deduction of deferred taxes as well as changes of the cash flow hedge reserve after deduction of deferred taxes. Consolidated retained earnings. Retained earnings include the net result for the fiscal year as well as past earnings of the entities included in consolidation, to the extent that these results have not been distributed as dividends. The paid dividend of Kapsch TrafficCom AG in the fiscal year 2017/18 in the amount of TEUR 19,500 was EUR 1.50 per share (2016/17: TEUR 19,500 corresponded to EUR 1.50 per share). Non-controlling interests. Non-controlling interests represent the third party shares in the equity of con- solidated subsidiaries. The effects from acquisition of subsidiaries in the fiscal year 2016/17 resulted from the acquisition of shares in tolltickets GmbH, Germany, as well as from the acquisition of Fluidtime Data Services GmbH, Vienna. The effects from increase in shares of subsidiaries in the fiscal year 2017/18 resulted from the acquisition of the remaining 1% share in Kapsch TrafficCom Construction & Realization spol. s.r.o., Czech Republic.
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