B A L Germany : Annual financial statements 2021

Thomas Thieme	Marienhofstraße 3
	01662 Meißen

ANNUAL FINANCIAL STATEMENTS

at 31. December 2021

B-A-L Germany AG

Verwaltung eigenen Vermögens

Poststraße 5

01662 Meißen

Tax office: Meißen

Tax No.:

209/100/02393

Page 1

Balance Sheet as at 31/12/2021

B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen

ASSETS

	Financial Year	Prior Year
EUR	EUR	EUR
A. Noncurrent assets
I. Intangible fixed assets
1. Purchased licences, trademarks and similar
rights and values as well as licenses to such
rights and values	21,547.00	35,195.00

1. Tangible fixed assets

1. Properties, rights equivalent to real property and

	buildings, including buildings on third-party land	2,239,422.35			2,265,532.01
2.	Other equipment, operating and office equipment	9.00			627.00
3.	Advance payments made and construction in
	progress		28,216.30				7,369.46
		2,267,647.65	2,273,528.47
Total noncurrent asset	2,289,194.65	2,308,723.47

1. Current assets

I. Receivables and other assets

1.	Trade receivables	127,571.27	53,843.04
2.	Other assets	210,166.00	229,681.16

• of which remaining term greater than 1 year EUR 112,276.72 (EUR 109,302.06)

	337,737.27	283,524.20
II. Cash on hand, central bank balances, bank
balances, and checks	5,419.18	4,491.32
Total current assets	343,156.45	288,015.52
C. Prepaid expenses	12,137.82	18,007.64
	2,644,488.92	2,614,746.63

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Page 2

Balance Sheet as at 31/12/2021

B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen

TOTAL EQUITY AND LIABILITIES

			Financial Year		Prior Year
		EUR		EUR		EUR
A. Equity
I.	Subscribed capital		2,000,000.00		2,000,000.00
II.	Capital reserves		560,000.00		560,000.00
III. Accumulated losses brought forward		331,678.98		333,348.96
IV.	Net income for the financial year		9,494.14		1,669.98
Total equity		2,237,815.16		2,228,321.02
B. Provisions
1.	Other provisions		16,223.00		9,461.32
C. Liabilities
1.	Liabilities to financial institutions	50,000.00				50,000.00

• of which remaining term greater than 1 year EUR 50,000.00 (EUR 50,000.00)

2. Trade payables

51,724.98

22,248.64

• of which remaining term up to 1 year EUR 51,724.98 (EUR 22,248.64)

3. Other liabilities

284,889.78

302,120.65

• of which taxes EUR 0.00 (EUR 620.40)
• of which social security EUR 727.60 (EUR 229.98)
• of which remaining term up to 1 year EUR 5,157.08 (EUR 4,486.20)
• of which remaining term greater than 1 year EUR 279,732.70 (EUR 297,634.45)

	386,614.76	374,369.29
D. Prepaid expenses	3,836.00	2,595.00
	2,644,488.92	2,614,746.63

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										Page 3
Income Statement from 01/01/2021 to 31/12/2021
B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen
					Financial Year			Prior Year
			EUR		EUR			EUR
1.	Sales				295,946.65		262,215.28
2.	Gross revenue				295,946.65		262,215.28
3.	Other operating income
a)	Income from reversal of provisions	25.00					211.91
b)	Miscellaneous other operating income	49,156.24					40,426.17
					49,181.24		40,638.08

4. Cost of materials

1. Cost of raw materials, consumables and

	supplies, and of purchased merchandise	13.00-	41.01-
5.	Personnel expenses
a)	Wages and salaries	1,398.52	9,275.44
b) Social security costs and expenses related to
	pension plans and for support	9,352.16		8,848.94
		10,750.68	18,124.38

6. Depreciation and amortization

1. Of noncurrent intangible assets and property,

		plant and equipment	58,993.16	58,665.53
7.		Other operating expenses
a)	Occupancy costs	136,857.66			117,127.55
b)	Insurance premiums, fees and contributions	205.50			529.20
c)	Cost of third-party repairs and maintenance	24,495.70			20,252.69
d)	Vehicle costs	0.00			1,652.41
e)	Advertising and travel expenses	111.14			0.00
f)	Selling and distribution expenses	5,613.62			2,549.60
g)	Miscellaneous operating costs	55,724.67			57,672.66
h)	Miscellaneous other operating expenses	28,277.33				12,458.61
			251,285.62	212,242.72
8.	other interest and similar income	155.46	2,248.07
9.	Interest and similar expenses	9,040.74	9,435.27
10.		Taxes on income	2.51	0.46
11.	Net income/net loss after tax	15,223.64	6,674.08
12.		Other taxes	5,729.50	5,004.10
13.		Net income for the financial year	9,494.14	1,669.98

Commercial law