{"id":81,"date":"2023-01-30T12:57:48","date_gmt":"2023-01-30T10:57:48","guid":{"rendered":"https:\/\/annualreport.forcitgroup.com\/?page_id=81"},"modified":"2023-03-10T07:42:41","modified_gmt":"2023-03-10T05:42:41","slug":"notes-to-the-financial-statements","status":"publish","type":"page","link":"https:\/\/annualreport.forcitgroup.com\/2022\/en\/financial-statements\/notes-to-the-financial-statements\/","title":{"rendered":"Notes to the financial statements"},"content":{"rendered":"\n
<\/div>\n\n\n\n

1. ACCOUNTING PRINCIPLES<\/h2>\n\n\n\n

1.1. VALUATION PRINCIPLES<\/h3>\n\n\n\n

Fixed assets are stated at historical cost less accumulated straight-line depreciation. Current assets are stated at historical cost or at lower fair value. Foreign currency items are translated using the exchange rate at the balance sheet date. The consolidated financial statements are presented in thousands of euros (1 000 EUR).<\/p>\n\n\n\n

1.2. DEPRECIATION AND AMORTISATION<\/h3>\n\n\n\n

Depreciation is calculated from the historical cost, and is calculated on a straight-line basis over the estimated economic life on the asset. The basis of calculation are:<\/p>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t
Buildings and constructions<\/td>20-50<\/td>\n<\/tr>\n
Machinery and equipment<\/td>5-10<\/td>\n<\/tr>\n
Other tangible assets<\/td>10-20<\/td>\n<\/tr>\n
Immaterial rights<\/td>5-10<\/td>\n<\/tr>\n
Other long-term expense items<\/td>10<\/td>\n<\/tr>\n
Consolidated goodwill<\/td>5-10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

1.3. CONSOLIDATED FINANCIAL STATEMENTS<\/h3>\n\n\n\n

The consolidated financial statements include the parent company Oy Forcit Ab and the subsidiary companies Forcit Sweden AB, Forcit Norway AS, Forcit International Oy Ab, Forcit Consulting Oy, Forcit Consulting AB, Forcit Consulting AS, O-Piblast S.A. and Forcit Ireland Ltd. The consolidated financial statements also include the associated company Vipnordic AB. Vipnordic AB’s financial statements are prepared per 31.08.2022. The consolidated financial statement is prepared according to the acquisition method. All intercompany transactions, balances, gains and losses are eliminated as part of the consolidation process. During the financial year, Suomen T\u00e4rin\u00e4mittaus Oy was merged with Forcit Consulting Oy.<\/p>\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\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\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\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\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\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\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\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
2. PROFIT AND LOSS ACCOUNT<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
2.1. NET SALES PER BUSINESS SECTOR<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Explosives<\/td>211 010<\/td>133 199<\/td><\/td>\n<\/tr>\n
Consulting<\/td>17 332<\/td>17 268<\/td><\/td>\n<\/tr>\n
Total<\/td>228 342<\/td>150 466<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Explosives<\/td>112 676<\/td>71 999<\/td><\/td>\n<\/tr>\n
Total<\/td>112 676<\/td>71 999<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.2. SALARIES FOR THE REPORTING PERIOD AND THE AVERAGE NUMBER OF PERSONNEL<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Boards of Directors and CEO\u00b4s<\/td>1 631<\/td>1 695<\/td><\/td>\n<\/tr>\n
Other personnel<\/td>30 841<\/td>27 424<\/td><\/td>\n<\/tr>\n
Total<\/td>32 472<\/td>29 119<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Boards of Directors and CEO\u00b4s<\/td>644<\/td>667<\/td><\/td>\n<\/tr>\n
Other personnel<\/td>15 778<\/td>14 593<\/td><\/td>\n<\/tr>\n
Total<\/td>16 423<\/td>15 260<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
During the financial period the average number of personnel<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Consolidated<\/td>533<\/td>499<\/td><\/td>\n<\/tr>\n
Parent Company<\/td>265<\/td>250<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.3. OTHER OPERATING INCOME<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Income from rents<\/td>166<\/td>161<\/td><\/td>\n<\/tr>\n
Return<\/td>8<\/td>0<\/td><\/td>\n<\/tr>\n
Other items<\/td>527<\/td>274<\/td><\/td>\n<\/tr>\n
Total<\/td>701<\/td>435<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Intra-group transactions<\/td>2 886<\/td>1 652<\/td><\/td>\n<\/tr>\n
Income from rents<\/td>166<\/td>161<\/td><\/td>\n<\/tr>\n
Return<\/td>8<\/td>0<\/td><\/td>\n<\/tr>\n
Other items<\/td>164<\/td>272<\/td><\/td>\n<\/tr>\n
Total<\/td>3 223<\/td>2 085<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.4. AUDIT FEES<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Audit fees<\/td>154<\/td>131<\/td><\/td>\n<\/tr>\n
Other fees<\/td>0<\/td>71<\/td><\/td>\n<\/tr>\n
Total<\/td>154<\/td>203<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Audit fees<\/td>42<\/td>48<\/td><\/td>\n<\/tr>\n
Other fees<\/td>0<\/td>71<\/td><\/td>\n<\/tr>\n
Total<\/td>42<\/td>118<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.5. APPROPRIATIONS<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Group contribution<\/td>1 394<\/td>1 745<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.6. DIVIDEND INCOME FROM GROUP
\nUNDERTAKINGS<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Dividend income from group undertakings<\/td>2 908<\/td>3 812<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
2.7. INCOME TAX<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Income tax on ordinary items<\/td>4 707<\/td>1 808<\/td><\/td>\n<\/tr>\n
Change in deferred tax liability<\/td>-13<\/td>93<\/td><\/td>\n<\/tr>\n
Total<\/td>4 694<\/td>1 900<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Income tax on group contributions<\/td>279<\/td>349<\/td><\/td>\n<\/tr>\n
Income tax on ordinary items<\/td>2 555<\/td>596<\/td><\/td>\n<\/tr>\n
Total<\/td>2 834<\/td>945<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3. BALANCE SHEET<\/td>\n<\/tr>\n
3.1. INTANGIBLE AND TANGIBLE ASSETS<\/td>\n<\/tr>\n
The notes include the purchase cost for the noncurrent assets that have not entirely been depreciated by plan.
\n
\nThe goodwill in the consolidated Financial Statements is depreciated over a period of 5\u201310 years from acquisition.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Acquisition cost 1.1.<\/td>142 543<\/td>127 802<\/td><\/td>\n<\/tr>\n
Increases<\/td>11 606<\/td>15 867<\/td><\/td>\n<\/tr>\n
Decreases<\/td>-162<\/td>-2 244<\/td><\/td>\n<\/tr>\n
Transfers between items<\/td>0<\/td>1 117<\/td><\/td>\n<\/tr>\n
Acquisition cost 31.12.<\/td>153 987<\/td>142 543<\/td><\/td>\n<\/tr>\n
Accumulated depreciation 1.1.<\/td>-87 230<\/td>-78 546<\/td><\/td>\n<\/tr>\n
Depreciation for the reporting period<\/td>-8 811<\/td>-8 683<\/td><\/td>\n<\/tr>\n
Accumulated depreciation on reductions<\/td>61<\/td>0<\/td><\/td>\n<\/tr>\n
Accumulated depreciation 31.12.<\/td>-95 979<\/td>-87 230<\/td><\/td>\n<\/tr>\n
Increases<\/td>437<\/td>437<\/td><\/td>\n<\/tr>\n
Impairments<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Book value on 31.12.<\/td>58 445<\/td>55 751<\/td><\/td>\n<\/tr>\n
Balance value of intangible and tangible assets in production<\/td>13 586<\/td>14 730<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Acquisition cost 1.1.<\/td>76 770<\/td>72 909<\/td><\/td>\n<\/tr>\n
Increases<\/td>5 877<\/td>2 114<\/td><\/td>\n<\/tr>\n
Decreases<\/td>-25<\/td>0<\/td><\/td>\n<\/tr>\n
Transfers between items<\/td>0<\/td>1 748<\/td><\/td>\n<\/tr>\n
Acquisition cost 31.12.<\/td>82 623<\/td>76 770<\/td><\/td>\n<\/tr>\n
Accumulated depreciation 1.1.<\/td>-48 324<\/td>-45 175<\/td><\/td>\n<\/tr>\n
Depreciation for the reporting period<\/td>-3 344<\/td>-3 148<\/td><\/td>\n<\/tr>\n
Accumulated depreciation on reductions<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Accumulated depreciation 31.12.<\/td>-51 668<\/td>-48 324<\/td><\/td>\n<\/tr>\n
Increases<\/td>437<\/td>437<\/td><\/td>\n<\/tr>\n
Book value on 31.12.<\/td>31 392<\/td>28 884<\/td><\/td>\n<\/tr>\n
Balance value of intangible and tangible assets in production<\/td>6 359<\/td>6 934<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.2. INVESTMENTS, PARENT COMPANY<\/td>\n<\/tr>\n
Shares<\/td>Consolidated<\/td>Others<\/td>Total<\/td>\n<\/tr>\n
Acquisition cost 1.1.<\/td>24 699<\/td>287<\/td>24 986 <\/td>\n<\/tr>\n
Increases<\/td>241<\/td>0<\/td>241<\/td>\n<\/tr>\n
Decreases<\/td>0<\/td>0<\/td>0<\/td>\n<\/tr>\n
Acquisition cost 31.12.<\/td>24 940<\/td>287<\/td>25 227<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.3. STOCKS<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Raw materials and consumables<\/td>11 829<\/td>6 792<\/td><\/td>\n<\/tr>\n
Finished products<\/td>4 705<\/td>2 706<\/td><\/td>\n<\/tr>\n
Purchased products<\/td>9 701<\/td>7 166<\/td><\/td>\n<\/tr>\n
Advances paid<\/td>171<\/td>1 179<\/td><\/td>\n<\/tr>\n
Total<\/td>26 407<\/td>17 843<\/td><\/td>\n<\/tr>\n
<\/td><\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Raw materials and consumables<\/td>10 197<\/td>5 468<\/td><\/td>\n<\/tr>\n
Finished products<\/td>3 149<\/td>2 445<\/td><\/td>\n<\/tr>\n
Purchased products<\/td>4 005<\/td>2 662<\/td><\/td>\n<\/tr>\n
Advances paid<\/td>171<\/td>1 179<\/td><\/td>\n<\/tr>\n
Total<\/td>17 523<\/td>11 753<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.4. CONSOLIDATED COMPANIES<\/td>\n<\/tr>\n
Participation-%<\/td>Consolidated<\/td>Parent Company<\/td><\/td>\n<\/tr>\n
Forcit International Oy Ab<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Sweden AB<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Norway AS<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Consulting Oy<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Consulting AB<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Consulting AS<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Forcit Ireland Ltd<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
O-Pitblast S.A.<\/td>100<\/td>100<\/td><\/td>\n<\/tr>\n
Vipnordic AB<\/td>33<\/td>33<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.5. CONSOLIDATED RECEIVABLES AND PAYABLES<\/td><\/td><\/td><\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Long-term loan receivables<\/td>243<\/td>238<\/td><\/td>\n<\/tr>\n
Trade receivables<\/td>6 082<\/td>4 021<\/td><\/td>\n<\/tr>\n
Loan receivables<\/td>126<\/td>125<\/td><\/td>\n<\/tr>\n
Other receivables*<\/td>8 773<\/td>8 162<\/td><\/td>\n<\/tr>\n
Total receivables<\/td>15 223<\/td>12 546<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Trade payables<\/td>38<\/td>49<\/td><\/td>\n<\/tr>\n
Accrued expenses<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Other debts*<\/td>12 325<\/td>4 824<\/td><\/td>\n<\/tr>\n
Total payables<\/td>12 363<\/td>4 873<\/td><\/td>\n<\/tr>\n
*Refers mainly to cash pool arrangements<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.6. CHANGES IN EQUITY<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Share Capital 1.1<\/td>3 149<\/td>3 149<\/td><\/td>\n<\/tr>\n
Share Capital 31.12.<\/td>3 149<\/td>3 149<\/td><\/td>\n<\/tr>\n
Reserve for invested unrestricted equity 1.1<\/td>1 501<\/td>398<\/td><\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>1 024<\/td><\/td>\n<\/tr>\n
Repurchase of shares<\/td>0<\/td>-98<\/td><\/td>\n<\/tr>\n
Reserve for invested unrestricted equity 31.12<\/td>1 501<\/td>1 324<\/td><\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>176<\/td><\/td>\n<\/tr>\n
Disposition fund 1.1<\/td>33 183<\/td>30 685<\/td><\/td>\n<\/tr>\n
Profit last year<\/td>6 069<\/td>6 254<\/td><\/td>\n<\/tr>\n
Dividend for last year<\/td>-3 423<\/td>-3 219<\/td><\/td>\n<\/tr>\n
Change in disposition fund<\/td>-1 768<\/td>-537<\/td><\/td>\n<\/tr>\n
Disposition fund 31.12.<\/td>34 060<\/td>33 183<\/td><\/td>\n<\/tr>\n
Net profit for the period<\/td>21 529<\/td>6 069<\/td><\/td>\n<\/tr>\n
Total equity<\/td>60 238<\/td>43 901<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Share Capital 1.1<\/td>3 149<\/td>3 149<\/td><\/td>\n<\/tr>\n
Share Capital 31.12.<\/td>3 149<\/td>3 149<\/td><\/td>\n<\/tr>\n
Reserve for invested unrestricted equity 1.1<\/td>1 501<\/td>398<\/td><\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>1 024<\/td><\/td>\n<\/tr>\n
Repurchase of shares<\/td>0<\/td>-98<\/td><\/td>\n<\/tr>\n
Reserve for invested unrestricted equity 31.12<\/td>1 501<\/td>1 324<\/td><\/td>\n<\/tr>\n
Share issue<\/td>0<\/td>176<\/td><\/td>\n<\/tr>\n
Disposition fund 1.1<\/td>24 510<\/td>21 845<\/td><\/td>\n<\/tr>\n
Profit last year<\/td>7 489<\/td>5 885<\/td><\/td>\n<\/tr>\n
Dividend for last year<\/td>-3 423<\/td>-3 219<\/td><\/td>\n<\/tr>\n
Disposition fund 31.12.<\/td>28 576<\/td>24 510<\/td><\/td>\n<\/tr>\n
Net profit for the period<\/td>14 046<\/td>7 489<\/td><\/td>\n<\/tr>\n
Total equity<\/td>47 271<\/td>36 649<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Distributable free funds in total 31.12.<\/td>44 123<\/td>33 324<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.7. APPROPRIATIONS AND DEFERRED TAX LIABILITIES<\/td>\n<\/tr>\n
Accumulated depreciation in excess on plan<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Intangible assets<\/td><\/td><\/td><\/td>\n<\/tr>\n
Intangible rights<\/td>751<\/td>452<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Tangible assets<\/td><\/td><\/td><\/td>\n<\/tr>\n
Buildings and constructions<\/td>4 284<\/td>4 205<\/td><\/td>\n<\/tr>\n
Machinery and equipment<\/td>3 313<\/td>3 377<\/td><\/td>\n<\/tr>\n
Other tangible assets<\/td>2<\/td>8<\/td><\/td>\n<\/tr>\n
Total<\/td>8 349<\/td>8 041<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Deferred tax liability<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
The deferred tax liability from the depreciation in excess on plan and accrual reserve have been separated in the consolidated financial statements<\/td>\n<\/tr>\n
<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Consolidated<\/td>3 289<\/td>3 303<\/td><\/td>\n<\/tr>\n
The remaining depreciation difference and accrual reserve have been booked as unrestricted shareholders\u2019 equity.<\/td>\n<\/tr>\n
<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Consolidated<\/td>12 143<\/td>10 159<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.8. CURRENT LIABILITIES<\/td><\/td><\/td><\/td>\n<\/tr>\n
The balance sheet item “Loans from financial institutions” also includes use of current account with overdraft facility.<\/td>\n<\/tr>\n
<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Consolidated<\/td>2 667<\/td>2 380<\/td><\/td>\n<\/tr>\n
Parent Company<\/td>2 667<\/td>2 380<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.9. ACCRUED EXPENCES AND ADVANCES RECEIVED<\/td><\/td><\/td><\/td>\n<\/tr>\n
Assets<\/td><\/td><\/td><\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Uninvoiced purchases<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Periodic invoices<\/td>541<\/td>833<\/td><\/td>\n<\/tr>\n
Tax refund<\/td>0<\/td>-10<\/td><\/td>\n<\/tr>\n
Other<\/td>6<\/td>172<\/td><\/td>\n<\/tr>\n
Total<\/td>547<\/td>995<\/td><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Uninvoiced purchases<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Periodic invoices<\/td>88<\/td>283<\/td><\/td>\n<\/tr>\n
Tax refund<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Other<\/td>0<\/td>0<\/td><\/td>\n<\/tr>\n
Total<\/td>88<\/td>283<\/td><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Equity and liabilities<\/td><\/td><\/td><\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Accrued personnel costs<\/td>5 462<\/td>5 318<\/td><\/td>\n<\/tr>\n
Other accruals<\/td>3 289<\/td>2 248<\/td><\/td>\n<\/tr>\n
Interests<\/td>36<\/td>142<\/td><\/td>\n<\/tr>\n
Taxes<\/td>3 072<\/td>736<\/td><\/td>\n<\/tr>\n
Total<\/td>11 859<\/td>8 444<\/td><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Accrued personnel costs<\/td>2 432<\/td>3 105<\/td><\/td>\n<\/tr>\n
Other accruals<\/td>1 793<\/td>162<\/td><\/td>\n<\/tr>\n
Interests<\/td>36<\/td>36<\/td><\/td>\n<\/tr>\n
Taxes<\/td>1747<\/td>342<\/td><\/td>\n<\/tr>\n
Total<\/td>6 008<\/td>3 646<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.10. CONTINGENCIES AND COMMITMENTS<\/td>\n<\/tr>\n
3.10.1. Leasing liabilities<\/td><\/td><\/td><\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Due during the next reporting period<\/td>3 781<\/td>3 909<\/td><\/td>\n<\/tr>\n
Due later<\/td>7 234<\/td>9 506<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Due during the next reporting period<\/td>1 761<\/td>1 681<\/td><\/td>\n<\/tr>\n
Due later<\/td>3 281<\/td>4 422<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.10.2. Rental responsibility (for business premises)<\/td><\/td><\/td><\/td>\n<\/tr>\n
<\/td>Consolidated<\/td>Parent Company<\/td><\/td>\n<\/tr>\n
Due for payment during the following accounting period<\/td>1 010<\/td>190<\/td><\/td>\n<\/tr>\n
Due for payment later<\/td>2 028<\/td>285<\/td><\/td>\n<\/tr>\n
Total<\/td>3 038<\/td>475<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.10.3 Contingent liability on behalf of group companies<\/td>\n<\/tr>\n
<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Consolidated<\/td>298<\/td>300<\/td><\/td>\n<\/tr>\n
Parent Company<\/td>298<\/td>300<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
3.10.4. Other contingent liabilities<\/td>\n<\/tr>\n
Consolidated<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Contingencies on own behalf<\/td>3 460<\/td>2 774<\/td><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Parent Company<\/td>2022<\/td>2021<\/td><\/td>\n<\/tr>\n
Contingencies on own behalf<\/td>3 327<\/td>2 624<\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

1. ACCOUNTING PRINCIPLES 1.1. VALUATION PRINCIPLES Fixed assets are stated at historical cost less accumulated straight-line depreciation. Current assets are stated at historical cost or at lower fair value. Foreign currency items are translated using the exchange rate at the balance sheet date. The consolidated financial statements are presented in thousands of euros (1 000 […]<\/p>\n

Read More… from Notes to the 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\/81"}],"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=81"}],"version-history":[{"count":5,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/81\/revisions"}],"predecessor-version":[{"id":1027,"href":"https:\/\/annualreport.forcitgroup.com\/2022\/wp-json\/wp\/v2\/pages\/81\/revisions\/1027"}],"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=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}