AKKA Technologies : HALF-YEARLY FINANCIAL REPORT 2021

2021

HALF-YEARLY

FINANCIAL

REPORT

2021 HALF-YEARLY FINANCIAL STATEMENTS

This document is an English translation of the RAPPORT FINANCIER SEMESTRIEL

2021 that was issued in French and drafted in accordance with Belgian law. This document is provided solely for the convenience of English readers and in case of any discrepancies with the French version, the French version prevails.

2021

HALF-YEARLY

FINANCIAL

STATEMENTS

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2021 HALF-YEARLY FINANCIAL STATEMENTS

CONSOLIDATED INCOME STATEMENT

in thousands of euro	Note No.	June 30, 2021	June 30, 2020
Revenue	2.1	769,574	777,969
Purchased services and goods	2.2	(187,070)	(192,607)
Taxes and duties		(5,290)	(5,623)
Personnel expenses	2.3	(595,333)	(596,042)
Net depreciation and provisions	2.4	3,754	(58,923)
Other current expenses		(5,009)	(1,611)
Other current income		3,743	11,754
Income from equity affiliates		1,332	143
Free shares and stock options	3.11	84	(1,155)
OPERATING PROFIT		(14,216)	(66,096)
Income from cash and cash equivalents	2.5	68	976
Cost of gross financial debt	2.5	(9,074)	(10,308)
COST OF NET FINANCIAL DEBT		(9,005)	(9,332)
Other financial income and expenses	2.5	(399)	(3,474)
PROFIT BEFORE TAX		(23,620)	(78,902)
Income tax expense	2.6	(5,542)	22,119
CONSOLIDATED NET INCOME		(29,162)	(56,783)
Non-controlling interests		(331)	(583)
GROUP SHARE OF NET PROFIT		(29,494)	(57,366)
Earnings per share		(0.96) €	(1.92) €
Diluted earnings per share		(0.96) €	(1.92) €
Weighted average number of ordinary shares outstanding		30,565,959	29,868,241
Weighted average number of ordinary shares plus potential dilutive shares		33,288,605	32,610,887

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2021 HALF-YEARLY FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

in thousands of euro	Note No.	June 30, 2021	June 30, 2020
CONSOLIDATED NET INCOME		(29,162)	(56,783)
Actuarial gains and losses on pension obligations	3.10	950	-
Tax effect of items not to be recycled to income in subsequent periods		(291)	-
Items not to be recycled to income in subsequent periods		659	-
Gains and losses on hedging instruments	3.11	54	(43)
Change in translation adjustments		3,102	(22)
Tax effect of items to be recycled to income in subsequent periods		(13)	14
Items to be recycled to income in subsequent periods		3,144	(52)
Items to be recycled to income and those not to be recycled		3,803	(52)
CONSOLIDATED COMPREHENSIVE INCOME		(25,359)	(56,835)
Non-controlling interests		(482)	610
Group share		(24,877)	(57,444)

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2021 HALF-YEARLY FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET

ASSETS	Note No.	June 30, 2021	Dec. 31, 2020
in thousands of euro
Goodwill	3.1	713,627	691,390
Intangible assets	3.3	117,995	112,471
Tangible assets	3.3	68,414	75,669
Rights of use - IFRS 16	3.4	144,104	141,807
Non-current financial assets		48,337	49,868
Securities of affiliated companies and joint ventures	3.5	48,485	48,190
Other non-current assets	3.6	37,328	30,078
Deferred tax assets		80,346	80,034
Non-current assets		1,258,636	1,229,507
Inventories and work in progress		8,570	9,515
Trade receivables and contract assets	3.7	203,674	191,985
Other receivables	3.8	82,033	76,173
Cash and cash equivalents	5.1	324,525	467,970
Current assets		618,802	745,643
TOTAL ASSETS		1,877,440	1,975,152

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