{"id":79,"date":"2023-01-30T12:57:33","date_gmt":"2023-01-30T10:57:33","guid":{"rendered":"https:\/\/annualreport.forcitgroup.com\/?page_id=79"},"modified":"2023-03-06T11:35:17","modified_gmt":"2023-03-06T09:35:17","slug":"parent-companys-financial-statements","status":"publish","type":"page","link":"https:\/\/annualreport.forcitgroup.com\/2022\/en\/financial-statements\/parent-companys-financial-statements\/","title":{"rendered":"Parent Company\u2019s Financial Statements"},"content":{"rendered":"\n
<\/div>\n\n\n\n

Parent company’s profit and loss account<\/h3>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
NET SALES<\/td>112 676<\/td>71 999<\/td>\n<\/tr>\n
Change in inventory of finished goods<\/td>704<\/td>182<\/td>\n<\/tr>\n
Work performed for own use<\/td>19<\/td>39<\/td>\n<\/tr>\n
Other operating income<\/td>3 223<\/td>2 085<\/td>\n<\/tr>\n
Raw materials and services<\/td><\/td><\/td>\n<\/tr>\n
Raw materials and consumables<\/td><\/td><\/td>\n<\/tr>\n
Purchases during the financial year<\/td>-64 776<\/td>-35 251<\/td>\n<\/tr>\n
Change in stocks<\/td>6 074<\/td>1 399<\/td>\n<\/tr>\n
Total raw materials and services<\/td>-58 701<\/td>-33 852<\/td>\n<\/tr>\n
Personnel expenses<\/td><\/td><\/td>\n<\/tr>\n
Wages and salaries<\/td>-16 423<\/td>-15 260<\/td>\n<\/tr>\n
Social security expenses<\/td><\/td><\/td>\n<\/tr>\n
Pension expenses<\/td>-3 302<\/td>-2 741<\/td>\n<\/tr>\n
Other social security expenses<\/td>-741<\/td>-566<\/td>\n<\/tr>\n
Total personnel expenses<\/td>-20 466<\/td>-18 567<\/td>\n<\/tr>\n
Depreciation, amortisation and writedowns<\/td><\/td><\/td>\n<\/tr>\n
Depreciation according to plan<\/td>-3 344<\/td>-3 148<\/td>\n<\/tr>\n
Other operating expenses<\/td>-20 524<\/td>-15 402<\/td>\n<\/tr>\n
OPERATING PROFIT<\/td>13 586<\/td>3 336<\/td>\n<\/tr>\n
Financial income and expenses<\/td><\/td><\/td>\n<\/tr>\n
Other interest income and other financial
\nincome<\/td>		<\/td><\/td>\n<\/tr>\n
Group company<\/td>2 979<\/td>3 880<\/td>\n<\/tr>\n
Others<\/td>21<\/td>132<\/td>\n<\/tr>\n
Total financial income<\/td>3 000<\/td>4 012<\/td>\n<\/tr>\n
Other interest income and other financial
\nexpenses<\/td>		<\/td><\/td>\n<\/tr>\n
Group company<\/td>-27<\/td>0<\/td>\n<\/tr>\n
Others<\/td>-765<\/td>-794<\/td>\n<\/tr>\n
Total financial expenses<\/td>-792<\/td>-794<\/td>\n<\/tr>\n
PROFIT BEFORE APPROPRIATIONS
\nAND TAXES<\/td>		15 794<\/td>6 553<\/td>\n<\/tr>\n
Appropriations<\/td><\/td><\/td>\n<\/tr>\n
Change in accumulated depreciation
\ndifference<\/td>		-308<\/td>135<\/td>\n<\/tr>\n
Group contribution<\/td>1 394<\/td>1 745<\/td>\n<\/tr>\n
Total appropriations<\/td>1 086<\/td>1 880<\/td>\n<\/tr>\n
Income taxes<\/td>-2 834<\/td>-945<\/td>\n<\/tr>\n
PROFIT FOR THE FINANCIAL YEAR<\/td>14 046<\/td>7 489<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/div>\n\n\n\n

Parent company’s balance sheet<\/h3>\n\n\n\n

Assets<\/h4>\n\n\n\n

Non-current assets<\/h5>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
Intangible assets<\/td><\/td><\/td>\n<\/tr>\n
Intangible rights<\/td>3 879<\/td>2 530<\/td>\n<\/tr>\n
Total intangible assets<\/td>3 879<\/td>2 530<\/td>\n<\/tr>\n
Tangible assets<\/td><\/td><\/td>\n<\/tr>\n
Land and water<\/td>1 393<\/td>1 221<\/td>\n<\/tr>\n
Buildings and constructions<\/td>13 013<\/td>13 750<\/td>\n<\/tr>\n
Machinery and equipment<\/td>6 359<\/td>6 179<\/td>\n<\/tr>\n
Other tangible assets<\/td>34<\/td>57<\/td>\n<\/tr>\n
Advance payments and construction in
\nprogress<\/td>		6 715<\/td>5 147<\/td>\n<\/tr>\n
Total tangible assets<\/td>27 513<\/td>26 354<\/td>\n<\/tr>\n
Investments<\/td><\/td><\/td>\n<\/tr>\n
Holdings in group companies<\/td>24 940<\/td>24 699<\/td>\n<\/tr>\n
Loans owed by group companies<\/td>243<\/td>238<\/td>\n<\/tr>\n
Other loans receivable<\/td>77<\/td>81<\/td>\n<\/tr>\n
Shares<\/td>287<\/td>287<\/td>\n<\/tr>\n
Total investments<\/td>25 547<\/td>25 304<\/td>\n<\/tr>\n
TOTAL NON-CURRENT ASSETS<\/td>56 939<\/td>54 188<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/div>\n\n\n\n
Current assets<\/h5>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
Stocks<\/td><\/td><\/td>\n<\/tr>\n
Raw materials and consumables<\/td>10 197<\/td>5 468<\/td>\n<\/tr>\n
Finished products<\/td>3 149<\/td>2 445<\/td>\n<\/tr>\n
Other stocks<\/td>4 005<\/td>2 662<\/td>\n<\/tr>\n
Advances paid<\/td>171<\/td>1 179<\/td>\n<\/tr>\n
Total stocks<\/td>17 523<\/td>11 753<\/td>\n<\/tr>\n
Receivables<\/td><\/td><\/td>\n<\/tr>\n
Trade receivables<\/td>16 595<\/td>8 857<\/td>\n<\/tr>\n
Amounts owed by group companies<\/td>14 980<\/td>12 308<\/td>\n<\/tr>\n
Loans receivable<\/td>50<\/td>33<\/td>\n<\/tr>\n
Other receivables<\/td>105<\/td>28<\/td>\n<\/tr>\n
Accrued income and prepayments<\/td>88<\/td>283<\/td>\n<\/tr>\n
Total receivables<\/td>31 819<\/td>21 509<\/td>\n<\/tr>\n
Financial securities<\/td><\/td><\/td>\n<\/tr>\n
Cash in hand and cash at banks<\/td>4 584<\/td>5 500<\/td>\n<\/tr>\n
TOTAL CURRENT ASSETS<\/td>53 925<\/td>38 762<\/td>\n<\/tr>\n
TOTAL ASSETS<\/td>110 864<\/td>92 950<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/div>\n\n\n\n

Equity and liabilities<\/h4>\n\n\n\n

Equity<\/h5>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
Share capital<\/td>3 149<\/td>3 149<\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>176<\/td>\n<\/tr>\n
Reserve for invested unrestricted equity<\/td>1 501<\/td>1 324<\/td>\n<\/tr>\n
Disposition fund<\/td>28 576<\/td>24 510<\/td>\n<\/tr>\n
Result for the reporting period<\/td>14 046<\/td>7 489<\/td>\n<\/tr>\n
TOTAL EQUITY<\/td>47 271<\/td>36 649<\/td>\n<\/tr>\n
Accumulated depreciation difference<\/td>8 349<\/td>8 041<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/div>\n\n\n\n
Liabilities<\/h5>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
Non-current liabilities<\/td><\/td><\/td>\n<\/tr>\n
Loans from credit institutions<\/td>16 426<\/td>17 723<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>2 050<\/td>2 133<\/td>\n<\/tr>\n
Total non-current liabilities<\/td>18 476<\/td>19 856<\/td>\n<\/tr>\n
Current liabilities<\/td><\/td><\/td>\n<\/tr>\n
Loans from credit institutions<\/td>5 067<\/td>4 763<\/td>\n<\/tr>\n
Advances received<\/td>1 133<\/td>4 619<\/td>\n<\/tr>\n
Trade payables<\/td>10 281<\/td>8 741<\/td>\n<\/tr>\n
Amounts owed to group undertakings<\/td>12 363<\/td>4 666<\/td>\n<\/tr>\n
Other payables<\/td>1 916<\/td>1 970<\/td>\n<\/tr>\n
Accrued expenses<\/td>6 008<\/td>3 646<\/td>\n<\/tr>\n
Total current liabilities<\/td>36 767<\/td>28 405<\/td>\n<\/tr>\n
TOTAL LIABILITIES<\/td>55 244<\/td>48 261<\/td>\n<\/tr>\n
TOTAL EQUITY AND LIABILITIES<\/td>110 864<\/td>92 950<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/div>\n\n\n\n

Parent company\u2019s statement of cash flows<\/h3>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
1000 \u20ac<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
Cash flow from operating activities<\/td><\/td><\/td>\n<\/tr>\n
Operating profit<\/td>13 586<\/td>3 336<\/td>\n<\/tr>\n
Adjustments to operating profit<\/td>3 226<\/td>2 824<\/td>\n<\/tr>\n
Changes in working capital*<\/td>-14 828<\/td>-726<\/td>\n<\/tr>\n
Interest paid<\/td>-674<\/td>-461<\/td>\n<\/tr>\n
Interest received<\/td>88<\/td>73<\/td>\n<\/tr>\n
Dividends received<\/td>4<\/td>4<\/td>\n<\/tr>\n
Other financial items<\/td>0<\/td>-5<\/td>\n<\/tr>\n
Income taxes paid<\/td>-1 088<\/td>-847<\/td>\n<\/tr>\n
Net cash generated from operating activities<\/td>315<\/td>4 198<\/td>\n<\/tr>\n
Cash flow from investing activities<\/td><\/td><\/td>\n<\/tr>\n
Investments in tangible and intangible assets<\/td>-5 781<\/td>-3 776<\/td>\n<\/tr>\n
Group undertakings repayments of loans<\/td>4 685<\/td>-1 910<\/td>\n<\/tr>\n
Interest received<\/td>0<\/td>0<\/td>\n<\/tr>\n
Investments in subsidiaries<\/td>-271<\/td>-3 045<\/td>\n<\/tr>\n
Repayments of loans<\/td>-18<\/td>115<\/td>\n<\/tr>\n
Net cash used in investing activities<\/td>-1 386<\/td>-8 615<\/td>\n<\/tr>\n
Cash flow from financing activities<\/td><\/td><\/td>\n<\/tr>\n
Proceeds from short-term borrowings<\/td>304<\/td>39<\/td>\n<\/tr>\n
Repayments of short-term borrowings<\/td>0<\/td>-46<\/td>\n<\/tr>\n
Proceeds from long-term borrowings<\/td>2 000<\/td>196<\/td>\n<\/tr>\n
Repayment of long-term borrowings<\/td>-3 379<\/td>-2 403<\/td>\n<\/tr>\n
Dividends paid<\/td>-3 423<\/td>-3 219<\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>176<\/td>\n<\/tr>\n
Paid-up increase in equity<\/td>0<\/td>-98<\/td>\n<\/tr>\n
Dividens from group undertakings<\/td>2 908<\/td>3 812<\/td>\n<\/tr>\n
Received group contribution paid<\/td>1 745<\/td>1 785<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>154<\/td>242<\/td>\n<\/tr>\n
CHANGE IN CASH AND CASH EQUIVALENTS<\/td>-916<\/td>-4 175<\/td>\n<\/tr>\n
Cash and cash equivalents at the beginning
\nof the period<\/td>		5 500<\/td>9 675<\/td>\n<\/tr>\n
Change during the period<\/td>-916<\/td>-4 175<\/td>\n<\/tr>\n
Cash and cash equivalents at the end of the period<\/td>4 584<\/td>5 500<\/td>\n<\/tr>\n
* Whereof the change in cashpool amount to<\/td>7 021<\/td>-4 047<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Parent company’s profit and loss account Parent company’s balance sheet Assets Non-current assets Current assets Equity and liabilities Equity Liabilities Parent company\u2019s statement of cash flows […]<\/p>\n

Read More… from Parent Company\u2019s Financial Statements<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":127,"parent":75,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template-numbers.php","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/79"}],"collection":[{"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/comments?post=79"}],"version-history":[{"count":5,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/79\/revisions"}],"predecessor-version":[{"id":697,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/79\/revisions\/697"}],"up":[{"embeddable":true,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/75"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/media\/127"}],"wp:attachment":[{"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/media?parent=79"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}