HALF-YEARLY FINANCIAL REPORT
30 June 2021
ACTIA Group
French limited liability company with a Board of Directors
with Share Capital of €15,074,955.75
Head Office: 5, rue Jorge Semprun
31400 Toulouse
Toulouse Trade and Companies Register: 542,080,791
We present herein the interim financial report covering the six-month period ended 30 June 2021, drawn up in compliance with the provisions of Article L.451-1-2 III of the French Monetary and Financial Code and Articles 222-4 et seq. of the French Financial Markets Authority (AMF) General Regulation.
This report has been distributed in compliance with the provisions of Article 221-3 of the AMF General Regulation. It is also available on our company site - www.actia.com.
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Contents | |||||
CONTENTS | |||||
1 | CHAIRMAN'S STATEMENT | 5 | |||
2 | HALF-YEARLY MANAGEMENT REPORT | 6 | |||
2.1 | The figures | 6 | |||
2.1.1 | Turnover | 6 | |||
2.1.2 | Results | 7 | |||
2.2 | Business activity | 10 | |||
2.2.1 | Automotive Division | 10 | |||
2.2.2 | Telecommunications Division | 12 | |||
2.3 | Outlook | 13 | |||
2.4 | Principal related party transactions | 14 | |||
3 | CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS | 15 | |||
3.1 | Consolidated balance sheet | 15 | |||
3.2 | Consolidated income statement | 17 | |||
3.3 | Statement of comprehensive income | 17 | |||
3.4 | Statement of changes in equity | 18 | |||
3.5 | Consolidated cash flow statement | 19 | |||
3.6 | Notes to the consolidated financial statements | 19 | |||
Note 1. | Information about the Group - Entity presenting the financial statements | 19 | |||
Note 2. | Accounting principles | 19 | |||
Note 2.1 | Basis for the preparation of the financial statements | 19 | |||
Note 2.2 | Use of estimates and judgements | 20 | |||
Note 2.3 | Changes to IFRS | 20 | |||
Note 3. | Consolidated companies | 20 | |||
Note 4. | Intangible assets | 20 | |||
Note 5. | Tangible fixed assets | 21 | |||
Note 6. | Stocks and work in progress | 21 | |||
Note 7. | Trade and other receivables | 22 | |||
Note 8. | Other contractual assets and liabilities | 23 | |||
Note 9. | Cash, cash equivalents and financial instruments at fair value through | ||||
profit and loss | 23 | ||||
Note 9.1 | Cash and cash equivalents | 23 | |||
Note 9.2 | Financial instruments at fair value through profit and loss | 23 | |||
Note 10. | Deferred taxation | 24 | |||
Note 11. | Financial assets and liabilities | 24 | |||
Note 11.1 Financial assets | 25 | ||||
Note 11.2 Financial liabilities | 25 | ||||
Note 12. | Debt | 26 | |||
Note 13. | Equity | 28 | |||
Note 14. | Earnings per share | 29 | |||
Note 14.1 Basic earnings per share | 29 | ||||
Note 14.2 Diluted earnings per share | 29 | ||||
Note 15. | Provisions | 29 | |||
Note 16. | Other current liabilities | 30 | |||
Note 17. | Operating segments | 30 | |||
Note 18. | Order book | 32 | |||
Note 19. | Income taxes | 33 | |||
Note 20. | Notes to the financial result | 33 |
Half-Yearly Financial Report - 30 June 2021 | 3 |
Contents | |||
Note 21. Transactions with related parties | 33 | ||
Note 21.1 With the holding company LP2C S.A. | 33 | ||
Note 21.2 With investments consolidated by the equity method | 34 | ||
Note 21.3 With subsidiaries | 35 | ||
Note 21.4 With members of management bodies | 35 | ||
Note 21.5 With other related parties | 36 | ||
Note 22. | Off-balance sheet commitments | 36 | |
Note 23. | Security given against assets | 37 | |
Note 24. | Risk factors | 37 | |
Note 24.1 Liquidity risks | 37 | ||
Note 24.2 Market risks | 39 | ||
Note 25. | Post-balance sheet events | 40 | |
4 | STATUTORY AUDITORS' REPORT | 41 |
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1. Chairman's statement
1 CHAIRMAN'S STATEMENT
I hereby certify, to the best of my knowledge, that the condensed interim financial statements have been drawn up in compliance with the applicable accounting standards and give a true and fair view of the assets, financial health and results of all the companies included in the scope of consolidation and that the half-yearly management report in Chapter 2 "Half-yearly Management Report" gives a true and fair view of the important events that have occurred during the six months under review and of their effect on the interim accounts, the principal related party transactions, and a description of the principal risks and areas of uncertainty for the remaining six months of the financial year.
20 September 2021
Jean-Louis Pech
Chairman of the Board of Directors
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