Audited annual accounts
CONSOLIDATED PROFIT-AND-LOSS ACCOUNT FOR THE FINANCIAL YEAR
INCOME (EXPENSES) |
2018 |
2017 |
NET SALES |
1,775,290 |
1,799,481 |
Purchase of materials, trade goods and services |
(668,776) |
(664,194) |
Personnel costs |
(474,305) |
(469,224) |
Depreciation |
(107,374) |
(114,208) |
Work carried out by the Group for noncurrent assets |
23,665 |
21,676 |
Other operating expenses and income |
(402,608) |
(454,293) |
OPERATING RESULT |
145,892 |
119,238 |
FINANCIAL RESULTS |
(17,338) |
(2,360) |
Result from companies consolidated by equity method |
(17) |
(32) |
Profit (loss) due to loss of significant influence |
- |
- |
CONSOLIDATED RESULT BEFORE TAXES |
128,537 |
116,846 |
Income tax expense |
(34,095) |
(33,662) |
| | |
CONSOLIDATED RESULT FOR THE YEAR |
94,442 |
83,184 |
Net profit attributable to the parent company |
95,154 |
82,941 |
Net profit attributable to noncontrolling interests |
(712) |
243 |
CONSOLIDATED BALANCE SHEET AT 31 DECEMBER
ASSETS |
2018 |
2017 |
NONCURRENT ASSETS |
|
|
Goodwill |
242,973 |
254,301 |
Other intangible assets |
139,732 |
133,544 |
Property, plant and equipment |
784,761 |
784,939 |
Property investment |
23,665 |
21,676 |
Investments in associates |
15,289 |
16,039 |
Noncurrent financial assets |
7,739 |
3,012 |
Other noncurrent assets |
11,117 |
11,835 |
Deferred income tax assets |
22,563 |
2,282 |
TOTAL NONCURRENT ASSETS |
1,339,081 |
1,317,930 |
|
|
|
CURRENT ASSETS |
|
|
Inventories |
456,240 |
412,151 |
Trade accounts receivable and other debtors |
339,902 |
336,437 |
Other current financial assets |
58,180 |
51,473 |
Income tax prepayments |
5,330 |
10,767 |
Other current assets |
44,523 |
27,400 |
Cash and cash equivalents |
70,815 |
83,552 |
TOTAL CURRENT ASSETS |
974,990 |
921,780 |
| | |
TOTAL ASSETS |
2,314,071 |
2,239,710 |
LIABILITIES |
2018 |
2017 |
TOTAL EQUITY |
|
|
Share capital |
153,034 |
153,034 |
Share premium |
409,564 |
409,564 |
Reserves |
886,928 |
825,669 |
Net profit attributable to the parent company |
95,154 |
82,941 |
Prepaid dividend |
(22,800) |
(22,800) |
Foreign currency translation differences |
(224,595) |
(179,526) |
EQUITY ATTRIBUTABLE TO THE PARENT COMPANY |
1,297,285 |
1,268,882 |
Noncontrolling interests |
8,123 |
7,149 |
TOTAL EQUITY |
1,305,408 |
1,276,031 |
|
|
|
NONCURRENT LIABILITIES |
|
|
Capital grants |
3,462 |
3,945 |
Provisions |
25,777 |
27,522 |
Noncurrent bank financial liabilities |
278,350 |
302,824 |
Other noncurrent financial liabilities |
12,729 |
10,571 |
Deferred tax liabilities |
36,839 |
40,333 |
TOTAL NONCURRENT LIABILITIES |
357,157 |
385,195 |
| | |
CURRENT LIABILITIES |
|
|
Provisions |
14,087 |
13,809 |
Current bank financial liabilities |
215,684 |
144,365 |
Other current financial liabilities |
26,146 |
19,964 |
Trade accounts payable and other creditors |
351,865 |
363,617 |
Income tax payable |
13,308 |
5,056 |
Other current liabilities |
30,416 |
31,673 |
TOTAL CURRENT LIABILITIES |
651,506 |
578,484 |
| | |
TOTAL LIABILITIES AND EQUITY |
2,314,071 |
2,239,710 |
GROUP COMPANIES
|
LOCATION COMPANY |
COMPANY |
Germany |
Staudt |
Roca GmbH |
Argentina |
Buenos Aires |
Roca Argentina |
Australia |
Sydney |
Roca Bathroom Products Australia Pty Ltd |
|
Botany |
Bathroom Products Australia Pty Ltd. |
Austria |
Wilhelmsburg |
Laufen Austria AG |
Brasil |
Campo Largo |
Incepa Revestimentos Cerâmicos Ltda. |
|
Jundiaí |
Roca Sanitários Brasil Ltda. |
Bulgaria |
Kaspichan |
Roca Bulgaria AD |
China |
Foshan |
Roca (China), Co. Ltd. |
|
Foshan |
Xinle Bathroom Products (Foshan), Co. Ltd. |
|
Foshan |
Cosmic Bathroom Accessories, Co. Ltd. |
|
Shanghái |
Roca Sanitaryware Trading, Co. Ltd. |
|
Suzhou |
Roca Sanitaryware (Suzhou), Co. Ltd. |
|
Tangshan |
Tangshan Ying Bathroom Products, Co. Ltd. |
Croatia |
Zapresic |
Inker, Industrija Keramike i Porculana D.D. |
Denmark |
Köge |
Laufen Nordic ApS |
Egypt |
6th of October City |
National Industrial & Trading Co “Gravena” S.A.E. |
|
6th of October City> |
National Sanitaryware Company S.A.E. |
|
6th of October City |
Sphinx for Sanitary Ware Production S.A.E. |
|
Dokki (Giza) |
Gravena Import Co. |
United Arab Emirates |
Dubái |
Roca Sanitario, S.A. (R.O.) |
Slovakia |
Bratislava |
Laufen SK s.r.o. |
Spain |
Barcelona |
Roca Corporación Empresarial, S.A. |
|
Barcelona |
Roca Sanitario, S.A. |
|
Barcelona |
Industrias Cosmic S.A. |
|
Barcelona |
Bathroom Furniture Tech and Design, S.L. |
|
Madrid |
Laufen Bathrooms, S.A. |
|
Burgos |
Cerámicas Gala, S.A. |
|
Castellón |
Cerámicas Belcaire, S.A. |
|
Sevilla |
Cerámicas de Bellavista, S.A. |
USA |
Miami |
Roca USA Inc. |
Russian Federation |
Cheboksary |
Keramika OOO |
|
Davidovo |
Aquaton Rus OOO |
|
Kaluga |
Ugrakeram ZAO |
|
Tosno |
Roca Rus OOO |
France |
París |
Roca S.A.R.L. |
Greece |
Atenas |
Roca Hellas, A.E.E. |
Netherlands |
Eindhoven |
Laufen Benelux B.V. |
Hong Kong |
Hong Kong |
Roca Asia Ltd. |
|
Hong Kong |
Roca Sanitaryware Ltd. |
India |
Chennai |
Roca Bathroom Products Pvt Ltd. |
Indonesia |
Yakarta |
PT. Roca Trading Indonesia |
|
Yakarta |
PT. Roca Industries Indonesia |
|
Yakarta |
P.T. Suryaprabha Jatisatya |
Italy |
Milán |
Roca Sanitario, S.A. (E.P.) |
Kazajistán |
Almaty |
Roca Kazakhstan LLP |
Malaysia |
Selangor Darul Ehsan |
Roca Malaysia Sdn Bhd |
|
Selangor Darul Ehsan |
Johnson Suisse Sdn Bhd |
|
Selangor Darul Ehsan |
Econax Sdn Bhd |
Morocco |
Settat |
Roca Maroc, S.A. |
Mexico |
Monterrey |
Productos de Baño Monterrey, S.A.de C.V. |
|
San Pedro Garza García |
Roca Bathroom Products México, S.A. de C.V. |
|
Guadalajara |
Grifos y Accesorios Mexicanos, S.A. de CV |
|
Guadalajara |
RPG Outsourcing, S.A. de CV |
Norway |
Drammen |
Laufen Norge AS |
Poland |
Gryfice |
Roca Pool-Spa, Sp. z.o.o. |
|
Gliwice |
Roca Polska, Sp. z.o.o. |
Portugal |
Agueda |
BLB – Indústrias Metalúrgicas, S.A. |
|
Anadia |
Sanitana, S.A. |
|
Cantanhede |
Roca Torneiras, Lda. |
|
Leiria |
Roca, S.A. |
United Kingdom |
Birmingham |
Roca, Ltd. |
|
Worcestershire |
Laufen Ltd. |
Czech Republic |
Praga |
Laufen CZ, s.r.o. |
Romania |
Bucarest |
Roca Obiecte Sanitare SRL. |
Singapore |
Singapur |
Roca Bathroom Products Singapore Pte Ltd |
Sweden |
Sundsvall |
Laufen Sverige AB |
Switzerland |
Laufen |
Keramik Holding AG |
|
Laufen |
Keramik Laufen AG |
|
Laufen |
Laufen Bathrooms AG |
|
Laufen |
Roca Finance AG |
|
Laufen |
Similor AG |
Thailand |
Bangkok |
Roca Bathroom Products (Thailand) Co Ltd |
Taiwán |
Changhua |
Roca Taiwan Co Ltd |
Turkey |
Eskishehir |
Roca TR Banyo A.S. |
In 2018, the Group has prepared its Nonfinancial Information Disclosure (NID) for the first time, for the purpose of complying with the provisions of the Commerce Code, Law 11/2018 of 28 December 2018, and other legal regulations, and for the purpose of reporting on issues related to environmental protection, social responsibility, treatment of employees, human rights, anti-corruption and bribery, as well as in relation to society and other issues relevant to the company in the execution of its business activities.