Parent company’s profit and loss account
| 1000 € | 2022 | 2021 |
|---|---|---|
| NET SALES | 112 676 | 71 999 |
| Change in inventory of finished goods | 704 | 182 |
| Work performed for own use | 19 | 39 |
| Other operating income | 3 223 | 2 085 |
| Raw materials and services | ||
| Raw materials and consumables | ||
| Purchases during the financial year | -64 776 | -35 251 |
| Change in stocks | 6 074 | 1 399 |
| Total raw materials and services | -58 701 | -33 852 |
| Personnel expenses | ||
| Wages and salaries | -16 423 | -15 260 |
| Social security expenses | ||
| Pension expenses | -3 302 | -2 741 |
| Other social security expenses | -741 | -566 |
| Total personnel expenses | -20 466 | -18 567 |
| Depreciation, amortisation and writedowns | ||
| Depreciation according to plan | -3 344 | -3 148 |
| Other operating expenses | -20 524 | -15 402 |
| OPERATING PROFIT | 13 586 | 3 336 |
| Financial income and expenses | ||
| Other interest income and other financial income | ||
| Group company | 2 979 | 3 880 |
| Others | 21 | 132 |
| Total financial income | 3 000 | 4 012 |
| Other interest income and other financial expenses | ||
| Group company | -27 | 0 |
| Others | -765 | -794 |
| Total financial expenses | -792 | -794 |
| PROFIT BEFORE APPROPRIATIONS AND TAXES | 15 794 | 6 553 |
| Appropriations | ||
| Change in accumulated depreciation difference | -308 | 135 |
| Group contribution | 1 394 | 1 745 |
| Total appropriations | 1 086 | 1 880 |
| Income taxes | -2 834 | -945 |
| PROFIT FOR THE FINANCIAL YEAR | 14 046 | 7 489 |
Parent company’s balance sheet
Assets
Non-current assets
| 1000 € | 2022 | 2021 |
|---|---|---|
| Intangible assets | ||
| Intangible rights | 3 879 | 2 530 |
| Total intangible assets | 3 879 | 2 530 |
| Tangible assets | ||
| Land and water | 1 393 | 1 221 |
| Buildings and constructions | 13 013 | 13 750 |
| Machinery and equipment | 6 359 | 6 179 |
| Other tangible assets | 34 | 57 |
| Advance payments and construction in progress | 6 715 | 5 147 |
| Total tangible assets | 27 513 | 26 354 |
| Investments | ||
| Holdings in group companies | 24 940 | 24 699 |
| Loans owed by group companies | 243 | 238 |
| Other loans receivable | 77 | 81 |
| Shares | 287 | 287 |
| Total investments | 25 547 | 25 304 |
| TOTAL NON-CURRENT ASSETS | 56 939 | 54 188 |
Current assets
| 1000 € | 2022 | 2021 |
|---|---|---|
| Stocks | ||
| Raw materials and consumables | 10 197 | 5 468 |
| Finished products | 3 149 | 2 445 |
| Other stocks | 4 005 | 2 662 |
| Advances paid | 171 | 1 179 |
| Total stocks | 17 523 | 11 753 |
| Receivables | ||
| Trade receivables | 16 595 | 8 857 |
| Amounts owed by group companies | 14 980 | 12 308 |
| Loans receivable | 50 | 33 |
| Other receivables | 105 | 28 |
| Accrued income and prepayments | 88 | 283 |
| Total receivables | 31 819 | 21 509 |
| Financial securities | ||
| Cash in hand and cash at banks | 4 584 | 5 500 |
| TOTAL CURRENT ASSETS | 53 925 | 38 762 |
| TOTAL ASSETS | 110 864 | 92 950 |
Equity and liabilities
Equity
| 1000 € | 2022 | 2021 |
|---|---|---|
| Share capital | 3 149 | 3 149 |
| Share issue | 0 | 176 |
| Reserve for invested unrestricted equity | 1 501 | 1 324 |
| Disposition fund | 28 576 | 24 510 |
| Result for the reporting period | 14 046 | 7 489 |
| TOTAL EQUITY | 47 271 | 36 649 |
| Accumulated depreciation difference | 8 349 | 8 041 |
Liabilities
| 1000 € | 2022 | 2021 |
|---|---|---|
| Non-current liabilities | ||
| Loans from credit institutions | 16 426 | 17 723 |
| Other long-term liabilities | 2 050 | 2 133 |
| Total non-current liabilities | 18 476 | 19 856 |
| Current liabilities | ||
| Loans from credit institutions | 5 067 | 4 763 |
| Advances received | 1 133 | 4 619 |
| Trade payables | 10 281 | 8 741 |
| Amounts owed to group undertakings | 12 363 | 4 666 |
| Other payables | 1 916 | 1 970 |
| Accrued expenses | 6 008 | 3 646 |
| Total current liabilities | 36 767 | 28 405 |
| TOTAL LIABILITIES | 55 244 | 48 261 |
| TOTAL EQUITY AND LIABILITIES | 110 864 | 92 950 |
Parent company’s statement of cash flows
| 1000 € | 2022 | 2021 |
|---|---|---|
| Cash flow from operating activities | ||
| Operating profit | 13 586 | 3 336 |
| Adjustments to operating profit | 3 226 | 2 824 |
| Changes in working capital* | -14 828 | -726 |
| Interest paid | -674 | -461 |
| Interest received | 88 | 73 |
| Dividends received | 4 | 4 |
| Other financial items | 0 | -5 |
| Income taxes paid | -1 088 | -847 |
| Net cash generated from operating activities | 315 | 4 198 |
| Cash flow from investing activities | ||
| Investments in tangible and intangible assets | -5 781 | -3 776 |
| Group undertakings repayments of loans | 4 685 | -1 910 |
| Interest received | 0 | 0 |
| Investments in subsidiaries | -271 | -3 045 |
| Repayments of loans | -18 | 115 |
| Net cash used in investing activities | -1 386 | -8 615 |
| Cash flow from financing activities | ||
| Proceeds from short-term borrowings | 304 | 39 |
| Repayments of short-term borrowings | 0 | -46 |
| Proceeds from long-term borrowings | 2 000 | 196 |
| Repayment of long-term borrowings | -3 379 | -2 403 |
| Dividends paid | -3 423 | -3 219 |
| Share issue | 0 | 176 |
| Paid-up increase in equity | 0 | -98 |
| Dividens from group undertakings | 2 908 | 3 812 |
| Received group contribution paid | 1 745 | 1 785 |
| Net cash used in financing activities | 154 | 242 |
| CHANGE IN CASH AND CASH EQUIVALENTS | -916 | -4 175 |
| Cash and cash equivalents at the beginning of the period | 5 500 | 9 675 |
| Change during the period | -916 | -4 175 |
| Cash and cash equivalents at the end of the period | 4 584 | 5 500 |
| * Whereof the change in cashpool amount to | 7 021 | -4 047 |