Total depreciation and amortisation costs amounted to €39 million in the quarter, 6% lower compared with last year (Q4 '15: €42 million). Acquisition-related amortisation was €14 million in Q4 '16 (Q4 '15: €13 million).
On a full year basis, acquisition-related amortisation amounted to €55 million in 2016, 6% higher compared with last year (FY '15: €52 million) due to a Telematics acquisition at the end of 2015.
Financial income and expenses
The net interest charge for the quarter was €0.3 million versus a net interest charge of €0.2 million in Q4 '15. The other financial result for the quarter was a loss of €2.0 million (Q4 '15: loss of €2.4 million), which consisted primarily of foreign exchange losses from the revaluation of monetary balance sheet items partially offset by our hedging results.
On a full year basis, the total financial income and expense charge equalled €2.4 million compared with €8.3 million in 2015. The decrease reflects lower foreign exchange loss in 2016 compared with last year.
Income tax
The net income tax for the quarter was a charge of €3.0 million versus a net income tax gain of €23 million in Q4 '15. The income tax for the year was a gain of €4.7 million mainly reflecting a change in the estimated prior years’ taxable income following the finalisation of the tax returns and the remeasurement of deferred tax assets and liabilities to a lower tax rate due to the application of the innovation box facility in the Netherlands.
Net result and adjusted EPS
| (€ in millions, unless stated otherwise) | Q4 '16 | Q4 '15 |
y.o.y.
|
FY '16 | FY '15 |
y.o.y.
|
||||||||
| Net result | -5.6 | 20.9 | 12.0 | 18.3 | -35 | % | ||||||||
| Net result attributed to equity holders | -5.5 | 20.8 | 12.0 | 18.1 | -34 | % | ||||||||
| Remeasurement of deferred tax liability | 5.3 | -7.5 | -2.3 | -7.5 | -70 | % | ||||||||
| Acquisition-related amortisation | 14.2 | 13.1 | 8 | % | 55.3 | 52.1 | 6 | % | ||||||
| Tax effect of adjustments | -2.7 | -3.3 | -18 | % | -10.9 | -13.0 | -16 | % | ||||||
| Adjusted net result | 11.3 | 23.1 | 54.1 | 49.6 | ||||||||||
| Adjusted EPS, € fully diluted | 0.05 | 0.10 | 0.23 | 0.21 | ||||||||||
