On 11 June 2021, the
Prior period errors
When determining the fair value of investment property, double counting of assets or liabilities that are separately recognised in the balance sheet should be avoided. When making the adjustment to the fair value of investment property in the balance sheet as at
The following table summarises the impact of the prior period error on the financial statements of the Group.
Consolidated statement of profit and loss and other comprehensive income
in thousands of euros | 2019 (Restated) | 2019 |
Other operating expenses | -26 602 | -24 341 |
Including net result from fair value adjustments from investment property | -26 497 | -24 236 |
Operating profit/ loss | -17 439 | -15 178 |
Profit/ loss before income tax | -31 454 | -29 193 |
Profit/ loss from continuing operations | -31 433 | -29 172 |
Total comprehensive loss for the year | -31 433 | -29 172 |
Attributable to: | ||
Owners of the Company | -29 078 | -26 981 |
Non-controlling interests | -2 355 | -2 191 |
Earnings per share | ||
Basic (euros per share) | -0.51 | -0.48 |
Diluted (euros per share) | -0.51 | -0.48 |
Consolidated statement of financial position
in thousands of euros | ||
Non-current assets | ||
Investment property | 145 104 | 147 365 |
Total non-current assets | 155 438 | 157 699 |
TOTAL ASSETS | 208 560 | 210 821 |
Equity attributable to owners of the Company | ||
Profit/ loss for the financial year | -29 078 | -26 981 |
Total equity attributable to owners of the Company | 69 042 | 71 139 |
Non-controlling interest | 263 | 427 |
TOTAL EQUITY | 69 305 | 71 566 |
TOTAL LIABILITIES AND EQUITY | 208 560 | 210 821 |
Differences between audited financial results for the year ended
Consolidated statement of comprehensive income
in thousands of euros | 2020 12M (Audited) | 2020 12M | |||
Administrative expenses | -6 154 | -5 587 | |||
Other expenses | -43 586 | -41 978 | |||
Including net result from fair value adjustments from investment property | -43 128 | -41 902 | |||
Operating profit/ loss | -43 108 | -40 933 | |||
Profit/ loss before income tax | -59 102 | -56 927 | |||
Profit/ loss for the period | -59 456 | -57 281 | |||
Attributable to: | |||||
Equity holders of the parent | -55 678 | -53 648 | |||
Non-controlling interest | -3 778 | -3 633 | |||
Items that will not be reclassified subsequently to profit or loss | |||||
Net change in properties revaluation reserve | -278 | 0 | |||
Total comprehensive income/ loss for the year | -59 734 | -57 281 | |||
Attributable to: | |||||
Equity holders of the parent | -55 956 | -53 648 | |||
Non-controlling interest | -3 778 | -3 633 | |||
Earnings per share for the period (EUR) | -0.98 | -0.95 | |||
In the course of auditing process, the amendments have been made to administrative expenses and other expenses in relation to the subsidiary AS Tallinna Moekombinaat. Administrative costs increased by
Consolidated statement of financial position
In thousands of euros | |||
Non-current assets | |||
Non-current receivables | 3 517 | 4 085 | |
Property, plant and equipment | 6 745 | 7 023 | |
Investment property | 98 512 | 101 998 | |
Total non-current assets | 109 506 | 113 838 | |
TOTAL ASSETS | 179 048 | 183 380 | |
Current liabilities | |||
Current debt | 107 581 | 79 939 | |
Current payables | 22 211 | 21 829 | |
Total current liabilities | 138 575 | 110 551 | |
Non-current liabilities | |||
Long-term debt | 27 255 | 54 897 | |
Total non-current liabilities | 30 902 | 58 544 | |
TOTAL LIABILITIES | 169 477 | 169 095 | |
Equity attributable to owners of the Company | |||
Revaluation reserve | 2 984 | 3 262 | |
Retained earnings | 47 647 | 49 744 | |
Profit/ loss for the period | -55 678 | -53 648 | |
Total equity attributable to owners of the Company | 13 086 | 17 491 | |
Non-controlling interest | -3 515 | -3 206 | |
TOTAL EQUITY | 9 571 | 14 285 | |
TOTAL LIABILITIES AND EQUITY | 179 048 | 183 380 |
In the course of auditing process, the amendments have been made to non-current assets, liabilities and equity. Non-current receivables decreased by
The audited annual report of
CFO
Phone: +372 614 4920
prokapital@prokapital.ee
Attachment
- PKG 2020 ENG
© OMX, source