Volume of consolidated Business
In millions of euros, constant associates
Volume of consolidated Business
In millions of euros, constant associates
Centralized payments Grupo IFA Retail
In millions of euros, constant associates
Net turnover Grupo IFA
Retail
In millions of euros, constant associates
MARKET
SHARE
11,1%
Manufacturers Brands
value participation in
the supermarkets channel
Source: Nielsen
SPAIN, PORTUGAL AND ITALY
MARKET
SHARE
14,2%
Manufacturers Brands
value participation in
the supermarkets channel
Fuente: Nielsen
SPAIN
Market share
in surface area
Source: RETAIL DATA
We increased our market share based on value in the supermarkets channel to 15.3% in 2019.
We are one of the country´s main employers, creating 4,293 new jobs in 2019, and ending the year with a consolidated base of 83,21 employees.
The market share in the supermarket channel by manufacturer brand – which is one of our distinctive identity features - has raised by 22,3%.
At the year-end date, our national market comprised a network of 6,232 stores over a retail surface area of 3.9 million square meters.
The consistency of our commercial status is reflected by a consolidated income of €13.560 bn, which involves a 4.9% year on year growth.
Grupo IFA is the main operator in commercial space in Spain, with a 19.3% share in the retailer channel and 30.8% in the wholesale channel.
The company leads in sales area in 18 provinces and is in second place in 10.
BALANCE SHEET
AT 31 DECEMBER 2019
In thousands of euros
| ASSETS | 2019 | 2018 |
|---|---|---|
| NON CURRENT ASSETS | 3.562 | 3.918 |
| Intangible fixed assets | 343 | 685 |
| Tangible fixed assets | 2.251 | 2.279 |
| Investments in Group companies | 62 | 62 |
| Long-term financial investments | 44 | 38 |
| Tax-deferred assets | 862 | 854 |
| CURRENT ASSETS | 856.996 | 820.573 |
| Inventory | 26 | 26 |
| Trade debtors and other accounts receivable | 855.617 | 819.937 |
| Short-term financial investments | 1 | 1 |
| Short-term financial investments whith Group companies | 10 | 48 |
| Short-term accruals | 1.085 | 483 |
| Cash and cash equivalents | 257 | 78 |
| TOTAL ASSETS | 860.558 | 824.491 |
BALANCE SHEET
AT 31 DECEMBER 2019
In thousands of euros
| EQUITY AND LIABILITIES | 2019 | 2018 |
|---|---|---|
| EQUITY | 32.496 | 30.649 |
| INTERNAL FUNDS | 32.496 | 30.649 |
| Capital | 1.849 | 1.849 |
| Reserves | 29.135 | 25.517 |
| Group shares | (1.591) | (1.591) |
| Profit | 3.103 | 2.874 |
| NON-CURRENT LIABILITIES | 300 | 500 |
| Long-term debts | 300 | 500 |
| CURRENT LIABILITIES | 827.762 | 793.342 |
| Short-term provisions | 1.760 | 1.763 |
| Short-term debts | 105.138 | 103.466 |
| Trade creditors and other accounts payable | 720.831 | 688.085 |
| Short-term acruals | 33 | 28 |
| TOTAL EQUITY AND LIABILITIES | 860.558 | 824.491 |
PROFIT AND LOSS STATEMENT 2019
In thousands of euros
| 2019 | 2018 | |
|---|---|---|
| Net turnover | 822.350 | 765.428 |
| Raw materials and consumables | (806.043) | (749.193) |
| Personnel exprenses | (7.491) | (7.214) |
| Other operating expenses | (4.200) | (4.404) |
| Amortization of fixed assets | (672) | (815) |
| OPERATING RESULT | 3.946 | 3.802 |
| Revenue | 219 | 217 |
| FINANCIAL RESULTS | 31 | 17 |
| BEFORE TAX | 3.977 | 3.819 |
| RESULT FOR THE YEAR | 3.103 | 2.874 |
STATEMENT OF CHANGES IN EQUITY FOR 2019 FY
Statement of recognised revenue and expenses
In thousands of euros
| 2019 | 2018 | |
|---|---|---|
| Result of the profit and loss statement | 3.103 | 2.874 |
| Total revenue and expenses charged directly to the equity | - | - |
| Total transfers to the profit and loss statement | - | - |
| TOTAL RECOGNISED REVENUE AND EXPENSES | 3.103 | 2.874 |
COMPLETE STATEMENT OF CHANGES TO NET EQUITY
In thousands of euros
| Capital | Legal reserve |
Statutory reserve |
Other reserves |
Group shares |
Result for the year |
TOTAL | |
|---|---|---|---|---|---|---|---|
| BALANCE AT START OF 2018 FY | 1.849 | 370 | 4.061 | 21.445 | (1.591) | 2.884 | 29.018 |
| Total recognised revenue and expenses | - | - | - | - | - | 2.874 | 2.874 |
| Operations with shareholders | |||||||
| BALANCE AT END OF 2018 FY | 1.849 | 370 | 4.061 | 23.086 | (1.591) | 2.874 | 30.649 |
| Total recognised revenue and expenses | - | - | - | - | - | 3.103 | 3.103 |
| Operations with shareholders | |||||||
| BALANCE AT END OF 2019 FY | 1.849 | 370 | 4.061 | 24.704 | (1.591) | 3.103 | 32.496 |
STATEMENT OF CASH FLOWS FOR 2019 FY
In thousands of euros
| 2019 | 2018 | |
|---|---|---|
| CASH FLOWS OPERATING ACTIVITIES | 234 | (75.431) |
| Result for the year before taxes | 3.977 | 3.819 |
| Adjusted results | 639 | 795 |
| Changes in current capital | (3.534) | 79.120 |
| Other cash flows from operating activities | (848) | (925) |
| CASH FLOWS FROM INVESTMENT ACTIVITIES | (271) | (469) |
| Payments for investments | (309) | (470) |
| CASH FLOWS FROM FINANCING ACTIVITIES | 216 | 73.312 |
| Collections and payments for financial liability instruments | 1.472 | 74.555 |
| Other debt issuance | 1.672 | - |
| Debt repayment with Group and associated companies | - | (6) |
| Deby repayment credit institutions | (200) | 74.561 |
| Dividend payments and remunerations of other equity instruments | (1.256) | (1.243) |
| Dividends | (1.256) | (1.243) |
| NET INCREASE/DECREASE OF CASH OR CASH EQUIVALENTS | 179 | (2.588) |
| Cash or cash equivalents at beginning of year | 78 | 2.666 |
| Cash or cash equivalents at the end of year | 257 | 78 |