Semi-Annual Report
of Asseco South Eastern Europe Group
for the period of 6 months ended 30 June 2023
Present in | PLN 755.6 million |
23 countries | in sales revenues |
3,789 | PLN 92.5 million |
highly committed | of net profit |
employees | for Shareholders |
of the Parent Company |
Semi-Annual Report of Asseco South Eastern Europe Group | ||
for the period of 6 months ended 30 June 2023 | ||
FINANCIAL HIGHLIGHTS | 6 | |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME | 7 | |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 8 | |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 10 | |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | 13 | |
EXPLANATORY NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 14 | |
I. GENERAL INFORMATION | 14 | |
II. BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS | 15 | |
2.1. | Basis for preparation | 15 |
2.2. | Compliance statement | 15 |
2.3. | Functional currency, presentation currency and hyperinflation | 16 |
2.4. | Professional judgement and estimates | 16 |
2.5. | Accounting policies applied | 16 |
2.6. | New standards and interpretations published but not in force yet | 17 |
2.7. | Changes in the presentation methods applied | 17 |
2.8. | Correction of errors | 17 |
2.9. | Changes in the comparable data | 17 |
2.10. | Accounting effects of Turkey's status as a hyperinflationary economy | 21 |
- ORGANIZATION AND CHANGES IN THE STRUCTURE OF ASSECO SOUTH EASTERN EUROPE GROUP,
INCLUDING THE ENTITIES SUBJECT TO CONSOLIDATION | 26 | |
IV. INFORMATION ON OPERATING SEGMENTS | 28 | |
V. EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF PROFIT AND LOSS | 31 | |
5.1. | Structure of operating revenues | 31 |
5.2. | Structure of operating costs | 33 |
5.3. | Other operating income and expenses | 34 |
5.4. | Financial income and expenses | 34 |
5.5. | Corporate income tax | 35 |
5.6. | Earnings per share | 36 |
5.7. | Information on dividends paid out | 36 |
VI. EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 37 | |
6.1. | Property, plant and equipment | 37 |
6.2. | Intangible assets | 37 |
6.3. | Right-of-use assets | 38 |
6.4. | Goodwill | 38 |
6.5. | Impairment tests | 40 |
6.6. | Other financial assets | 40 |
6.7. | Prepayments and accrued income | 42 |
6.8. | Receivables and contract assets | 42 |
6.9. | Inventories | 43 |
6.10. | Cash and cash equivalents | 44 |
6.11. | Lease liabilities | 44 |
6.12. | Bank loans and borrowings | 44 |
6.13. | Other financial liabilities | 46 |
6.14. | Trade payables, state budget liabilities, and other liabilities | 47 |
6.15. | Provisions | 48 |
6.16. | Accruals and deferred income | 48 |
6.17. | Related party transactions | 48 |
Asseco South Eastern Europe Group | |
Interim Condensed Consolidated Financial Statements for the period of 6 months ended 30 June 2023 (in thousands of PLN) | 3 |
VII. EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS | ..................................................51 |
7.1. Cash flows - operating activities | 51 |
7.2. Cash flows - investing activities | 51 |
7.3. Cash flows - financing activities | 51 |
VIII. OTHER EXPLANATORY NOTES | 53 |
8.1. Off-balance-sheet liabilities | 53 |
8.2. Seasonal and cyclical business | 53 |
8.3. Employment | 54 |
8.4. Significant events after the reporting period | 54 |
8.5. Significant events related to prior years | 54 |
INTERIMCONDENSEDFINANCIALSTATEMENTS OFASSECOSOUTHEASTERNEUROPES.A. | |
FOR THE PERIOD OF6MONTHS ENDED30 JUNE2023 | 55 |
APPROVAL FOR PUBLICATION BY THE MANAGEMENT BOARD | 87 |
Asseco South Eastern Europe Group | |
Interim Condensed Consolidated Financial Statements for the period of 6 months ended 30 June 2023 (in thousands of PLN) | 4 |
Interim Condensed Consolidated
Financial Statements of
Asseco South Eastern Europe Group
for the period of 6 months ended 30 June 2023
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Asseco South Eastern Europe SA published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 13:27:58 UTC.