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SEC Filings

6-K
INTERXION HOLDING N.V. filed this Form 6-K on 08/02/2018
Entire Document
 


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6

Finance income and expense

 

     Three months ended      Six Months Ended  
     30 Jun
2018
     30 Jun
2017
     30 Jun
2018
     30 Jun
2017
 
     €’000      €’000      €’000      €’000  

Bank and other interest

     100        74        183        87  

Bond premium and fees in income

     2,725        299        3,033        595  

Foreign currency exchange profits

     561        —          281        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Finance income

     3,386        373        3,497        682  
  

 

 

    

 

 

    

 

 

    

 

 

 

Interest expense on Senior Secured Notes, bank and other loans

     (14,702      (9,207      (24,655      (18,169

Interest expense on finance leases

     (801      (796      (1,663      (1,583

Other financial expenses

     (10,778      (673      (11,478      (1,210

Foreign currency exchange losses

     —          (617      —          (927
  

 

 

    

 

 

    

 

 

    

 

 

 

Finance expense

     (26,281      (11,293      (37,796      (21,889
  

 

 

    

 

 

    

 

 

    

 

 

 

Net finance expense

     (22,895      (10,920      (34,299      (21,207
  

 

 

    

 

 

    

 

 

    

 

 

 

Net finance expense for the three-months and six-months periods ended 30 June 2018 includes the impact of gains and lossed recognised with respect to the redemption of the Senior Secured Notes due 2020 and the termination of three revolving credit facility agreements.

 

7

Income tax expense

The Group’s consolidated effective tax rate in respect of continuing operations was 83% and 35% for the three-months and six-months periods ended 30 June 2018, respectively. These rates include the effect of a decrease in profit before taxation due to one-off costs associated with refinancing activities, and the impact of non-deductible share-based payments (both during the three-months and six-months periods).

 

8

Property, plant and equipment

During the three and six month periods ended 30 June 2018, the Group purchased tangible fixed assets (primarily data-centre-related assets) at a cost of €121.7 million and €210.6 million, respectively (three and six month periods ended 30 June 2017: €54.4 million and €117.4 million, respectively).

Capitalised interest relating to borrowing costs for the three and six month periods ended 30 June 2018 amounted to €1.2 million and €2.1 million, respectively (three and six month periods ended 30 June 2017: €0.9 million and €1.8 million, respectively). The cash effect of the interest capitalised for the three and six month periods ended 30 June 2018 amounted to €2.1 million and €3.4 million, respectively, which in the Consolidated Statements of Cash Flows is presented under “Purchase of property, plant and equipment” (three and six month periods ended 30 June 2017: nil and €2.2 million, respectively).

At 30 June 2018, the Group had outstanding capital commitments of €241.4 million. These commitments are expected to be substantially settled during the remainder of 2018.

 

20   

Interim Report: Three-month and six-month period ended 30 June 2018

These Condensed Consolidated Interim Financial Statements are unaudited