Parent company’s profit and loss account
| 1000 € | 2023 | 2022 |
|---|---|---|
| NET SALES | 109 841 | 112 676 |
| Change in inventory of finished goods | -2 728 | 704 |
| Work performed for own use | 19 | 19 |
| Other operating income | 4 095 | 3 223 |
| Raw materials and services | ||
| Raw materials and consumables | ||
| Purchases during the financial year | -56 887 | -64 776 |
| Change in stocks | 6 566 | 6 074 |
| Total raw materials and services | -50 321 | -58 701 |
| Personnel expenses | ||
| Wages and salaries | -18 568 | -16 423 |
| Social security expenses | ||
| Pension expenses | -3 379 | -3 302 |
| Other social security expenses | -809 | -741 |
| Total personnel expenses | -22 755 | -20 466 |
| Depreciation, amortisation and writedowns | ||
| Depreciation according to plan | -3 471 | -3 344 |
| Other operating expenses | -21 129 | -20 524 |
| OPERATING PROFIT | 13 551 | 13 586 |
| Financial income and expenses | ||
| Other interest income and other financial income | ||
| Group company | 7 122 | 2 979 |
| Others | 373 | 21 |
| Total financial income | 7 495 | 3 000 |
| Other interest income and other financial expenses | ||
| Group company | -137 | -27 |
| Others | -812 | -765 |
| Total financial expenses | -950 | -792 |
| PROFIT BEFORE APPROPRIATIONS AND TAXES | 20 096 | 15 794 |
| Appropriations | ||
| Change in accumulated depreciation difference | -83 | -308 |
| Group contribution | 7 110 | 1 394 |
| Total appropriations | 7 027 | 1 086 |
| Income taxes | -4 054 | -2 834 |
| PROFIT FOR THE FINANCIAL YEAR | 23 069 | 14 046 |
Parent company’s balance sheet
Assets
Non-current assets
| 1000 € | 2023 | 2022 |
|---|---|---|
| Intangible assets | ||
| Intangible rights | 3 217 | 3 879 |
| Total intangible assets | 3 217 | 3 879 |
| Tangible assets | ||
| Land and water | 1 393 | 1 393 |
| Buildings and constructions | 15 145 | 13 013 |
| Machinery and equipment | 6 391 | 6 359 |
| Other tangible assets | 151 | 34 |
| Advance payments and construction in progress | 20 966 | 6 715 |
| Total tangible assets | 44 046 | 27 513 |
| Investments | ||
| Holdings in group companies | 24 780 | 24 940 |
| Loans owed by group companies | 243 | 243 |
| Other loans receivable | 72 | 77 |
| Shares | 287 | 287 |
| Total investments | 25 381 | 25 547 |
| TOTAL NON-CURRENT ASSETS | 72 644 | 56 939 |
Current assets
| 1000 € | 2023 | 2022 |
|---|---|---|
| Stocks | ||
| Raw materials and consumables | 16 973 | 10 197 |
| Finished products | 421 | 3 149 |
| Other stocks | 3 795 | 4 005 |
| Advances paid | 12 541 | 171 |
| Total stocks | 33 731 | 17 523 |
| Receivables | ||
| Trade receivables | 10 150 | 16 595 |
| Amounts owed by group companies | 22 456 | 14 980 |
| Loans receivable | 44 | 50 |
| Other receivables | 4 436 | 105 |
| Accrued income and prepayments | 285 | 88 |
| Total receivables | 37 370 | 31 819 |
| Financial securities | ||
| Cash in hand and cash at banks | 30 751 | 4 584 |
| TOTAL CURRENT ASSETS | 101 852 | 53 925 |
| TOTAL ASSETS | 174 496 | 110 864 |
Equity and liabilities
Equity
| 1000 € | 2023 | 2022 |
|---|---|---|
| Share capital | 3 149 | 3 149 |
| Reserve for invested unrestricted equity | 1 501 | 1 501 |
| Disposition fund | 37 588 | 28 576 |
| Result for the reporting period | 23 069 | 14 046 |
| TOTAL EQUITY | 65 307 | 47 271 |
| Accumulated depreciation difference | 8 432 | 8 349 |
Liabilities
| 1000 € | 2023 | 2022 |
|---|---|---|
| Non-current liabilities | ||
| Loans from credit institutions | 14 650 | 16 426 |
| Other long-term liabilities | 2 242 | 2 050 |
| Total non-current liabilities | 16 892 | 18 476 |
| Current liabilities | ||
| Loans from credit institutions | 4 607 | 5 067 |
| Advances received | 28 348 | 1 133 |
| Trade payables | 11 501 | 10 281 |
| Amounts owed to group undertakings | 31 947 | 12 363 |
| Other payables | 1 124 | 1 916 |
| Accrued expenses | 6 339 | 6 008 |
| Total current liabilities | 83 866 | 36 767 |
| TOTAL LIABILITIES | 100 758 | 55 244 |
| TOTAL EQUITY AND LIABILITIES | 174 496 | 110 864 |
Parent company’s statement of cash flows
| 1000 € | 2023 | 2022 |
|---|---|---|
| Cash flow from operating activities | ||
| Operating profit | 13 551 | 13 586 |
| Adjustments to operating profit | 2 787 | 3 226 |
| Changes in working capital | 10 597 | -14 828 |
| Interest paid | -961 | -674 |
| Interest received | 576 | 88 |
| Dividends received | 24 | 4 |
| Other financial items | -3 | 0 |
| Income taxes paid | -4 558 | -1 088 |
| Net cash generated from operating activities | 22 013 | 315 |
| Cash flow from investing activities | ||
| Investments in tangible and intangible assets | -17 458 | -5 781 |
| Sale of shares in subsidiaries | 2 961 | 0 |
| Investments in subsidiaries | 0 | -271 |
| Change in loan receivables | 5 | -18 |
| Net cash used in investing activities | -14 492 | -6 070 |
| Cash flow from financing activities | ||
| Proceeds from short-term borrowings | 0 | 304 |
| Repayments of short-term borrowings | -819 | 0 |
| Proceeds from long-term borrowings | 1 044 | 2 000 |
| Repayment of long-term borrowings | -2 270 | -3 379 |
| Dividends paid | -5 034 | -3 423 |
| Subsidiary group account*) | 17 435 | 4 685 |
| Dividens from group undertakings | 6 895 | 2 908 |
| Received group contribution paid | 1 394 | 1 745 |
| Net cash used in financing activities | 18 645 | 4 839 |
| CHANGE IN CASH AND CASH EQUIVALENTS | 26 167 | -916 |
| Cash and cash equivalents at the beginning of the period | 4 584 | 5 500 |
| Change during the period | 26 167 | -916 |
| Cash and cash equivalents at the end of the period | 30 751 | 4 584 |
| *)Subsidiaries’ group account moved to financing cash flow, also adjusted in 2022 | ||