The results shown below are presented using the new segmental reporting structure adopted by the TF1 group.
|IFRS Consolidated figures in €m||2016||2017|
|of which TV advertising revenue||1,455.3||1,480.5|
|Studios & Entertainment||392.8||411.3|
|Cost of programmes (for the unencrypted channels)*||1,006.6**||983.9|
|Current operating profit||129.4||185.3|
|Current operating margin rate||6.3%||8.7%|
|Net profit from continuing operations (attributable to the Group)||41.7||136.1|
|Shareholder's equity attributable to the Group||1,493.4||1,581.9|
|Net Cash of continuing operations||186.7||256.7|
|Market capitalisation (as of 31 December) (€bn)||1.98||2.58|
|Operating cash flow before cost of net debt and income taxes||267.5||372.3|
|Dividends per share (in €)||0.28||0.35|
|Earnings from continuing operations per share (in €)||0.20||0.65|
* Includes major sporting events and the cost of LCI programmes with effect from that channel’s switchover to freeview in April 2016.
** Excludes €25.4 million of non-current expenses relating to the co-existence of two different accounting treatments for French drama depending on whether it was produced before or after the decree of April 27, 2015 allowing broadcasters to own co-production shares in respect of their investments in independent productions.