AT&S Austria Technologie & Systemtechnik : Annual Financial Report as of 31 March 2023

AT&S	AN N U AL FI N AN CI AL RE P OR T AS OF 3 1 M AR CH 20 23	ADVANCED TECHNOLOGIES
		& SOLUTIONS

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

Annual Financial Report as of 31 March 2023
Table of contents
Consolidated Financial Statements as of 31 March 2023	3
Group Management Report 2022/23	63
Auditor's Report on the Consolidated Financial Statements 2022/23	100
Financial Statements as of 31 March 2023	105
Management Report 2022/23	132
Auditor's Report on the Financial Statements 2022/23	157
Statement of all Legal Representatives	161

The consolidated financial statements, the financial statements and the Management Reports of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft and the Auditor's Reports have been translated into English. In case of different interpretations the German original is valid.

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AT&S	CONS OLI D ATE D FI N AN CI AL S T ATE M E NTS AS OF 3 1 M AR CH 2 02 3 ADVANCED TECHNOLOGIES
	& SOLUTIONS

CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 MARCH 2023

Table of contents

Consolidated Statement of Profit or Loss	4
Consolidated Statement of Comprehensive Income	4
Consolidated Statement of Financial Position	5
Consolidated Statement of Cash Flows	6
Consolidated Statement of Changes in Equity	7
Notes to the Consolidated Financial Statements as of 31 March 2023	8

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AT&S	CONS OLI D ATE D FI N AN CI AL S T ATE M E NTS AS OF 3 1 M AR CH 2 02 3 ADVANCED TECHNOLOGIES
	& SOLUTIONS

CONSOLIDATED STATEMENT

OF PROFIT OR LOSS

€ in thousands		Note	2022/23	2021/22
Revenue		1		1,791,344		1,589,867
Cost of sales		2		(1,516,604)		(1,336,950)
Gross profit				274,740		252,917
Distribution costs		2		(52,911)		(44,743)
General and administrative costs		2		(72,341)		(78,747)
Other operating income		4		48,661		44,726
Other operating costs		4		(51,906)		(47,693)
Other operating result				(3,245)		(2,967)
Operating result				146,243		126,460
Finance income		5		58,314		18,257
Finance costs		5		(36,716)		(22,608)
Finance costs - net				21,598		(4,351)
Profit before tax				167,841		122,109
Income taxes		6		(31,197)		(18,819)
Profit for the year				136,644		103,290
Attributable to owners of hybrid capital				18,782		10,452
Attributable to owners of the parent company			117,862	92,838
Earnings per share attributable to equity holders
of the parent company (in € per share):		26
- basic				3.03		2.39
- diluted			3.03	2.39

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

€ in thousands	2022/23	2021/22
Profit for the year	136,644	103,290
Items to be reclassified:
Currency translation differences, net of tax	(143,188)	158,732
Losses from the fair value measurement of
available-for-sale financial assets, net of tax				-	(1)
Gains from the fair value measurement of hedging instruments for
cash flow hedges, net of tax	4,572	2,746
Items not to be reclassified:
Remeasurement of post-employment obligations, net of tax				3,028		(647)
Other comprehensive income for the year				(135,588)		160,830
Total comprehensive income for the year				1,056		264,120
Attributable to owners of hybrid capital				18,782		10,452
Attributable to owners of the parent company	(17,726)	253,668

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AT&S	CONS OLI D ATE D FI N AN CI AL S T ATE M E NTS AS OF 3 1 M AR CH 2 02 3 ADVANCED TECHNOLOGIES
	& SOLUTIONS

CONSOLIDATED STATEMENT

OF FINANCIAL POSITION

€ in thousands		Note		31 Mar 2023		31 Mar 2022
ASSETS
Property, plant and equipment		7		2,679,293		1,950,185
Intangible assets		8		24,794		31,807
Financial assets		12		27,694		4,580
Deferred tax assets		6		19,911		24,698
Other non-current assets		9		48,559		11,742
Non-current assets				2,800,251		2,023,012
Inventories		10		145,383		193,236
Trade and other receivables and contract assets		11		394,381		390,266
Financial assets		12		25,141		18,833
Current income tax receivables				4,970		1,056
Cash and cash equivalents		13		791,738		1,119,921
Current assets				1,361,613		1,723,312
Total assets			4,161,864	3,746,324
EQUITY
Share capital		22		141,846		141,846
Other reserves		23		52,321		187,909
Hybrid capital		24		347,956		388,849
Retained earnings				615,402		533,689
Equity attributable to owners of the parent company				1,157,525		1,252,293
Total equity			1,157,525	1,252,293
LIABILITIES
Financial liabilities		15		1,033,346		1,276,578
Contract liabilities		16		607,243		446,410
Provisions for employee benefits		17		50,923		55,232
Deferred tax liabilities		6		4,763		2,167
Other liabilities		14		66,278		69,604
Non-current liabilities				1,762,553		1,849,991
Trade and other payables		14		558,545		549,679
Financial liabilities		15		662,433		78,402
Current income tax payables				4,315		9,570
Other provisions		18		16,493		6,389
Current liabilities				1,241,786		644,040
Total liabilities				3,004,339		2,494,031
Total equity and liabilities			4,161,864	3,746,324

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