ABOUT THIS DATABOOK This databook (the Databook) has been prepared by Crayon Group Holding ASA (the Company, and together with its consolidated subsidiaries, Crayon) for solely for informational purposes in connection with the announcement by Crayon of the acquisition of Rhipe Limited (the Transaction). This Databook should not be used for any other purpose. This Databook is prepared based on information obtained from Crayon, Rhipe and public sources on or prior to the date hereof and has not been independently verified. This Databook only contains summary information and no representation or warranty, express or implied, is or will be made in relation to and no reliance should be placed on the fairness, accuracy, correctness or completeness of the information or opinions contained in this Databook. This Databook contains forward-looking statements, which are based on current expectations, projections and assumptions about future events. Statements contained in the Databook, other than statements of historical fact, regarding future events or prospects, are forward-looking statements. The words "may", "will", "should", "expect", "anticipate", "believe", "estimate", "plan", "predict", "intend" or variations of these words, as well as other statements regarding matters that are not historical fact or regarding future events or prospects, constitute forward-looking statements. The Company has based these forward-looking statements on its current views with respect to future events and financial performance. These views involve a number of known or unknown risks, uncertainties and assumptions, which could cause actual results to differ materially from those predicted in the forward-looking statements and from the past performance of Crayon. As a result, you should not and may not rely on these forward-looking statements. No representation or warranty is made that any forward-looking statement will occur. Forward-looking statements speak as of the date of this Databook and no one undertakes to publicly update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Neither the Company nor its subsidiaries or affiliates, or their respective directors, offices, employees, advisers or agents accepts any responsibility or liability whatsoever or makes any representation or warranty, expressed or implied, as to the truthfulness, fairness, accuracy, completeness or verification of such information. Accordingly, undue reliance should not be placed on any forward-looking statement contained in this Databook. Certain numbers in the Databook are unaudited or are based on internal company records or based on preliminary calculations by Crayon on the effects of the Transaction. Some of these number may be subject to further review in due course, may be amended and the final numbers may differ from those set out in this Databook. Until such time as that review is complete and any final numbers are published, no reliance shall be placed on, and Crayon shall not be liable in any way in respect of such numbers. Further, this Databook may include market and industry data obtained by Crayon from industry publications and surveys. Crayon may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from public sources and as a result neither Crayon nor any of Crayon's advisors or representatives are able to verify such information, and assume no responsibility for the correctness of any such information. Any information contained or views expressed in this Databook do not purport to be comprehensive and are based on financial, economic, market and other conditions prevailing as of the date of this Databook and are subject to change without notice. Neither Crayon nor any other person undertakes any obligation to update or revise any information or statement contained in the Databook, whether as a result of new information, future events or otherwise, except to the extent required by law. No representation, warranty, or undertaking, express or implied, is made by Crayon or its affiliates or their respective directors, officers, employees, agents or advisers (collectively Representatives), and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein, for any purpose whatsoever. Neither Crayon nor its Representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this Databook or its contents or otherwise arising in connection with this Databook. Nothing contained in this Databook is or should be relied upon as a promise or representation as to the future. Except where otherwise expressly indicated, this Databook speaks as of the date hereof. All information in this Databook is subject to updating, revision, verification, correction, completion, amendment and may change materially and without notice. In giving this Databook, none of Crayon or Representatives undertake any obligation to provide the Recipient with access to any additional information or to update the contents of the Databook, or to correct any inaccuracies in any such information, including any financial data or forward-looking statements. The information contained in this Databook should be considered in the context of the circumstances prevailing at this time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Databook. This Databook and the information contained herein does not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation or invitation of any offer to subscribe for or purchase any securities of the Company or its affiliates, and neither this Databook nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. In particular, the information within this Databook must not be used in making any investment decision. This Databook and the information contained herein is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The contents of this Databook are not to be construed as financial, legal, business, investment, tax or other professional advice. This Databook does not constitute and is not intended to form part of any offer, or the solicitation of any offer, to buy, subscribe for or sell any shares (or any other security) in the Company or any subsidiary of the Company and nothing in this Databook shall in any way constitute or form part of any legal agreement or be relied on in connection with, any contract, commitment or investment decision. Each recipient of the information contained in this Databook is responsible for making its own independent assessment of the business, financial condition, prospects, status and affairs of Crayon. No person shall have any right of action against Crayon or any other person in relation to the accuracy or completeness of the information contained in the Databook. This Databook is subject to Norwegian law, and any dispute arising in respect of this Databook is subject to the exclusive jurisdiction of Norwegian courts.
Net debt / (cash) balance expected at 30 June 2021
(54.0)
// From Rhipe's latest stock exchange announcement.
Consenus data Factset
Rhipe Analyst Consensus
Compiled from data provider
AUDm
Jun '21E
Jun '22E
Jun '23E
Jun '24E
Jun '25E
// Fiscal years
Sales
63.3
81.0
105.1
-
-
Cost of Sales
5.5
6.8
8.2
-
-
Gross Income
62.0
93.0
106.0
-
-
EBITDA
17.4
22.6
28.4
-
-
EBITDA - Adjusted
17.6
23.7
28.7
-
-
EBITDA - Reported
16.0
21.5
27.4
-
-
AUDm
Dec '21E
Dec '22E
Dec '23E
Dec '24E
Dec '25E
// Calendar years
Sales
72.2
93.2
-
-
-
Cost of Sales
6.2
7.5
-
-
-
Gross Income
77.6
99.6
-
-
-
EBITDA
20.0
25.5
-
-
-
EBITDA - Adjusted
20.7
26.2
-
-
-
EBITDA - Reported
18.8
24.5
-
-
-
AASB16 adjustment
2.0
2.0
Estimated Adj. EBITDA1
22.7
28.2
Note: The above estimates are consensus estimates retrieved from FactSet on Monday 5 July 2021.
1) Based on a review of Adj. EBITDA estimates reported to FactSet by the various brokers covering Rhipe, it appears that adj. EBITDA reflects analysts' operating profit. Adj. EBITDA above compares to Crayon's reported APM "Adj. EBITDA"
Combined data
Various operational data
Customers
Total
61,000+
Crayon1
58,000+
Rhipe2
3,000+
Employees
Total
2,473+
Crayon1
2,000+
Rhipe2
473
Countries
Total
45
Crayon1
35
Rhipe2
10
Note: Aggregated numbers do not take into account any overlap between Crayon and Rhipe
1) Per Q1 2021. Source: https://www.crayon.com/globalassets/global/investor-relations/reports-and-presentations/2021-presentations/crayon-group---presentation-q1-2021.pdf?
2) Per year-end 2020. Source: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02341548-3A561249?access_token=83ff96335c2d45a094df02a206a39ff4
Combined GP 2020-->
[Left intentionally blank]
By geography
Gross profit CY2020 by geography
PF combined
NOKm
2020.0
%
Segmentation
Nordic
1,231
45%
Europe
493
18%
APAC & MEA
683
25%
US
317
12%
HQ
5
0%
Subtotal
2,728
100%
Crayon1
NOKm
2020.0
%
Nordic
1,231
53%
Nordic
Europe
493
21%
Europe
APAC & MEA
297
13%
APAC & MEA
US
317
14%
US
HQ
5
0%
HQ
Subtotal
2,343
100%
Rhipe2
NOKm
2020.0
%
APAC
386
100%
APAC & MEA
Subtotal
386
100%
AUDm
2020.0
%
APAC
60
100%
Subtotal
60
100%
Note: Based on reported figures.
1) Excludes Admin and Eliminations. See separate Crayon reporting package available here: https://www.crayon.com/investor-relations/reports-and-presentations/
2) According to annual and half year reports available here: https://www2.asx.com.au/markets/trade-our-cash-market/announcements.rhp
By BA
Gross profit CY2020 by BA
PF combined
NOKm
2020.0
%
Segmentation2
Software & Cloud Direct
912
33%
Software & Cloud Channel
607
22%
Software & Cloud Economics
450
17%
Consulting
759
28%
Subtotal
2,728
100%
Crayon1
NOKm
2020.0
%
Software & Cloud Direct
912
39%
Software & Cloud Direct
Software & Cloud Channel
325
14%
Software & Cloud Channel
Software & Cloud Economics
450
19%
Software & Cloud Economics
Consulting
656
28%
Consulting
Subtotal
2,343
100%
Rhipe2
NOKm
2020.0
%
Licensing revenue
282
73%
Software & Cloud Channel
Service & support revenue
103
27%
Consulting
Subtotal
386
100%
AUDm
2020.0
%
Licensing revenue
44
73%
Service & support revenue
16
27%
Subtotal
60
100%
Note: Based on reported figures.
1) Excludes Admin and Eliminations. See separate Crayon reporting package available here: https://www.crayon.com/investor-relations/reports-and-presentations/
2) The above segmentation is preliminary and actual reporting may differ. See Reported figures for source of information.
BY BA APAC & MEA
Gross profit APAC and MEA CY2020 by geography
PF combined APAC & MEA
NOKm
2020.0
%
Segmentation2
Software & Cloud Direct
133
19%
Software & Cloud Channel
359
53%
Software & Cloud Economics
36
5%
Consulting
155
23%
Subtotal
683
100%
Crayon APAC & MEA1
NOKm
2020.0
%
Software & Cloud Direct
133
45%
Software & Cloud Direct
Software & Cloud Channel
77
26%
Software & Cloud Channel
Software & Cloud Economics
36
12%
Software & Cloud Economics
Consulting
51
17%
Consulting
Subtotal
297
100%
Rhipe2
AUDm
2020.0
%
Licensing revenue
282
73%
Software & Cloud Channel
Service & support revenue
103
27%
Consulting
Subtotal
386
100%
NOKm
2020.0
%
Licensing revenue
44
11%
Service & support revenue
16
4%
Subtotal
60
15%
Note: Based on reported figures.
1) Excludes HQ, Admin and Eliminations. See separate Crayon reporting package available here: https://www.crayon.com/investor-relations/reports-and-presentations/
2) The above segmentation is preliminary and actual reporting may differ. See Reported figures for source of information.
Rhipe Reported Figues-->
[Left intentionally blank]
Rhipe Profit and Loss
Historical Profit and Loss - Rhipe LTD
Calendar year
2016
2017
2017
2018
2018
2019
2019
2020
2020
Fiscal year
2017
2017
2018
2018
2019
2019
2020
2020
2021
P&L - reported
Half-year ended5
Fiscal year
Calendar year
AUDm
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2017
2018
2019
2020
2017
2018
2019
2020
Sales - Software products & services
n.a.
n.a.
88.3
108.3
114.7
137.8
152.7
172.5
179.6
157.0
196.6
252.5
325.2
88.3
223.0
290.5
352.1
Less - purchase of software
n.a.
n.a.
-71.8
-89.2
-93.2
-111.0
-126.1
-143.3
-149.0
-128.0
-161.0
-204.2
-269.4
-71.8
-182.4
-237.0
-292.4
Revenue1
13.3
15.7
16.5
19.1
21.5
26.9
26.6
29.2
30.5
29.0
35.6
48.4
55.8
32.2
40.6
53.5
59.7
Cost of sales
0.0
-0.8
-0.8
-0.8
-1.0
-1.5
-1.6
-1.8
-2.8
-0.8
-1.6
-2.5
-3.4
-1.5
-1.8
-3.1
-4.6
Gross profit
13.3
14.9
15.7
18.3
20.5
25.4
25.0
27.4
27.7
28.2
34.1
45.9
52.4
30.6
38.8
50.4
55.1
Other income
0.0
0.0
0.3
-0.0
0.4
0.1
1.8
1.8
0.1
0.0
0.3
0.5
3.6
0.3
0.4
2.0
1.9
Sales and marketing
-6.7
-4.7
-7.2
-7.6
-9.0
-13.8
-12.0
-17.1
-12.2
-11.3
-14.8
-22.8
-29.0
-11.8
-16.6
-25.8
-29.3
General and administration
-6.0
-7.4
-6.2
-7.9
-8.0
-7.1
-9.8
-6.4
-9.7
-13.4
-14.1
-15.1
-16.2
-13.6
-15.9
-16.9
-16.1
Impairment expense
0.0
0.0
0.0
0.0
-0.0
0.0
0.0
-3.4
0.0
0.0
0.0
-0.0
-3.4
0.0
-0.0
0.0
-3.4
Other expenses
-0.2
0.0
-0.4
0.1
0.0
0.0
0.0
-0.1
0.0
-0.1
-0.3
0.0
-0.1
-0.4
0.1
0.0
-0.1
Finance cost
0.0
0.0
-0.0
0.0
0.0
0.0
-0.1
-0.1
-0.0
0.0
0.0
0.0
-0.1
-0.0
0.0
-0.1
-0.1
Total expenses
-12.9
-12.8
-14.3
-16.1
-17.6
-22.3
-21.6
-27.1
-24.7
-25.6
-30.4
-39.9
-48.7
-27.0
-33.7
-43.9
-51.8
Profit before income tax
0.4
2.9
2.2
3.0
3.9
4.6
5.1
2.1
5.8
3.3
5.2
8.5
7.2
5.2
6.9
9.6
7.9
Tax expense
-0.4
-0.4
-1.1
-1.0
-0.9
-1.4
-1.8
-0.6
-2.0
-0.8
-2.1
-2.3
-2.4
-1.6
-1.9
-3.2
-2.6
Profit after tax
0.0
2.5
1.1
2.0
3.0
3.2
3.3
1.5
3.8
2.5
3.1
6.2
4.8
3.6
5.0
6.4
5.4
Earnings reconciliation
Half-year ended
Fiscal year
Calendar year
AUDm
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2017
2018
2019
2020
2017
2018
2019
2020
Profit / (loss) before tax
0.4
2.9
2.2
3.0
3.9
4.6
5.1
2.1
5.8
3.3
5.2
8.5
7.2
5.2
6.9
9.6
7.9
Interest income
-0.0
-0.0
0.0
-0.0
-0.1
-0.2
-0.1
-0.0
-0.1
-0.0
-0.0
-0.3
-0.1
-0.0
-0.1
-0.2
-0.1
Interest on leases
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.1
Non-controlling interest
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0.0
0.2
Impact of AASB16
0.0
0.0
0.0
0.0
0.0
0.0
1.0
0.9
0.9
0.0
0.0
0.0
1.9
0.0
0.0
1.0
1.8
Depreciation and amortisation
0.3
0.4
0.5
0.7
0.8
1.0
1.1
1.2
1.6
0.7
1.2
1.8
2.3
0.9
1.5
2.1
2.8
EBITDA reported2
0.7
3.3
2.8
3.6
4.6
5.4
7.0
4.5
8.2
4.0
6.4
10.0
11.6
6.1
8.2
12.4
12.8
Plus
0
0
0
0
Foreign exchange gain / loss
0.2
-0.0
0.4
-0.1
-0.3
0.0
-0.0
0.1
-0.1
0.1
0.3
-0.3
0.1
0.4
-0.5
0.0
0.1
Restructuring and transaction costs
0.4
0.1
0.1
0.2
0.2
0.2
0.2
0.8
0.1
0.5
0.4
0.5
1.1
0.3
0.5
0.5
0.9
Share-based payments and expense
0.2
0.2
0.1
0.9
1.1
1.5
2.0
1.2
1.3
0.4
1.0
2.6
3.1
0.3
2.0
3.5
2.5
Impact of AASB16
0.0
0.0
0.0
0.0
0.0
0.0
-0.9
-1.2
-0.9
0.0
0.0
0.0
-2.0
0.0
0.0
-0.9
-2.0
Non-controlling interest in rhipe Japan
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
Fair value adjustments to deferred consideration
0.0
0.0
0.0
0.0
0.0
0.0
-1.8
-1.8
0.0
0.0
0.0
0.0
-3.5
0.0
0.0
-1.8
-1.8
Impairment expense
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3.4
0.0
0.0
0.0
0.0
3.4
0.0
0.0
0.0
3.4
Gain on sale of investments
0.0
0.0
-0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.3
0.0
0.0
-0.3
0.0
0.0
0.0
Total adjustments
0.8
0.3
0.4
1.0
1.0
1.8
-0.4
2.6
0.6
1.0
1.4
2.8
2.2
0.6
2.0
1.4
3.2
Operating profit3
1.4
3.6
3.1
4.6
5.6
7.2
6.6
7.2
8.8
5.0
7.8
12.8
13.8
6.7
10.2
13.8
16.0
25%
Crayon comparable
Half-year ended
Fiscal year
Calendar year
AUDm
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2017
2018
2019
2020
2017
2018
2019
2020
Reported EBITDA
0.7
3.3
2.8
3.6
4.6
5.4
7.0
4.5
8.2
4.0
6.4
10.0
11.6
6.1
8.2
12.4
12.8
Deferred consideration adjustment
0.0
0.0
0.0
0.0
0.0
0.0
-1.8
-1.8
0.0
0.0
0.0
0.0
-3.5
0.0
0.0
-1.8
-1.8
Impairment expense
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3.4
0.0
0.0
0.0
0.0
3.4
0.0
0.0
0.0
3.4
FX gain/(loss)
0.2
-0.0
0.4
-0.1
-0.3
0.0
-0.0
0.1
-0.1
0.1
0.3
-0.3
0.1
0.4
-0.5
0.0
0.1
Reported EBITDA
0.9
3.3
3.2
3.5
4.3
5.5
5.3
6.3
8.2
4.1
6.7
9.7
11.6
6.5
7.8
10.7
14.5
Restructuring and transaction costs
0.4
0.1
0.1
0.2
0.2
0.2
0.2
0.8
0.1
0.5
0.4
0.5
1.1
0.3
0.5
0.5
0.9
Share-based payments
0.2
0.2
0.1
0.9
1.1
1.5
2.0
1.2
1.3
0.4
1.0
2.6
3.1
0.3
2.0
3.5
2.5
Non-controlling interest in rhipe Japan
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
Gain on sale of investments
0.0
0.0
-0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.3
0.0
0.0
-0.3
0.0
0.0
0.0
Adj. EBITDA4
1.4
3.6
3.1
4.6
5.6
7.2
7.5
8.3
9.7
5.0
7.8
12.8
15.8
6.7
10.2
14.7
18.0
Operating profit3
1.4
3.6
3.1
4.6
5.6
7.2
6.6
7.2
8.8
5.0
7.8
12.8
13.8
6.7
10.2
13.8
16.0
AASB16
0.0
0.0
0.0
0.0
0.0
0.0
0.9
1.2
0.9
0.0
0.0
0.0
2.0
0.0
0.0
0.9
2.0
Adj. EBITDA4
1.4
3.6
3.1
4.6
5.6
7.2
7.5
8.3
9.7
5.0
7.8
12.8
15.8
6.7
10.2
14.7
18.0
Revenue mix
Half-year ended
Fiscal year
Calendar year
AUDm
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2017
2018
2019
2020
2017
2018
2019
2020
Licensing
11.0
12.8
13.2
15.5
17.2
21.5
20.3
22.1
21.6
23.8
28.7
38.7
42.4
26.0
32.7
41.8
43.7
Service & Support
2.4
2.7
3.3
3.6
4.3
5.4
6.3
7.1
8.9
5.1
6.9
9.7
13.5
6.0
7.9
11.7
16.0
Subtotal
13.4
15.5
16.5
19.1
21.5
26.9
26.6
29.2
30.5
29.0
35.6
48.4
55.8
32.0
40.6
53.5
59.7
Key KPIs
Half-year ended
Fiscal year
Calendar year
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2017
2018
2019
2020
2017
2018
2019
2020
Revenue as a percentage of sales (Crayon gross-profit)
-
-
19%
18%
19%
19%
17%
17%
17%
18%
18%
19%
17%
36%
18%
18%
17%
Gross margin (%) (Rhipe reported gross-profit)
-
-
18%
17%
18%
18%
16%
16%
15%
18%
17%
18%
16%
35%
17%
17%
16%
Adj. EBITDA margin (%) - Comparable to Crayon's Adj. EBITDA
11%
23%
19%
24%
26%
27%
28%
28%
32%
17%
22%
27%
28%
21%
25%
27%
30%
Operating profit margin (%)
11%
23%
19%
24%
26%
27%
25%
25%
29%
17%
22%
27%
25%
21%
25%
26%
27%
Reported EBITDA (%)
5%
21%
17%
19%
21%
20%
26%
16%
27%
14%
18%
21%
21%
19%
20%
23%
21%
Licensing share of revenues
82%
83%
80%
81%
80%
80%
76%
76%
71%
82%
81%
80%
76%
81%
81%
78%
73%
Service and support share of revenues
18%
17%
20%
19%
20%
20%
24%
24%
29%
18%
19%
20%
24%
19%
19%
22%
27%
Note: Half year figures and Fiscal year figures are audited financials reported by Rhipe Limited
1) Revenues for the half-years ending 31/12/2016 and 30/06/2017 are estimates
2) Includes impact of AASB16 in FY2020
3) Operating profit is gross profit less operating expenses and excludes any FX gains or losses, share-based payments and any non-operating one-off costs including restructuring and due diligence costs. It also includes Rhipe's share of costs incurred in Rhipe Japan and Property leases costs
4) Crayon definition: EBITDA before other income and other expenses is defined as EBITDA less refinancing cost, M&A and strategy cost and extraordinary personnel cost
5) Figures for the half years ending in June are calculated based on Fiscal years figures, and reported figures for the half-years ending in June
Rhipe Balance Sheet
Historical Balance Sheet - Rhipe LTD
Year
2018
2019
2020
Balance sheet - reported
Half-year ended
AUDm
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Net debt
Assets
Current assets
Cash and cash equivalents
22.7
23.2
25.5
24.0
60.9
57.5
57.5
Trade and other receivables
25.9
32.4
39.3
40.1
42.3
46.9
0.0
Other assets
4.7
7.6
1.2
1.5
1.5
2.0
0.0
Total current assets
53.3
63.2
66.1
65.6
104.7
106.4
57.5
Non-current assets
Right of use assets
0.0
0.0
0.0
3.9
3.2
2.6
0.0
Other financial assets
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Property, plant and equipment
0.9
1.0
1.1
1.7
1.8
1.9
0.0
Deferred tax assets
0.2
0.4
1.1
1.3
2.7
2.9
0.0
Intangible assets
23.5
24.2
32.7
41.0
36.6
45.0
0.0
Total non-current assets
24.6
25.5
34.9
47.8
44.3
52.4
0.0
Total assets
77.9
88.7
101.0
113.4
149.0
158.8
57.5
Liabilities and equity
Current liabilities
Trade and other payables
27.8
33.3
41.3
42.0
47.9
52.6
0.0
Unearned revenue
2.7
6.0
0.3
0.3
0.3
0.7
0.0
Current tax liabilities
1.6
1.7
2.9
3.3
1.7
2.9
0.0
Current lease liabilities
0.0
0.0
0.0
1.7
1.7
1.9
1.9
Provisions
0.7
0.8
1.0
1.1
1.2
1.3
0.0
Deferred contingent consideration
0.0
0.0
1.8
0.9
0.9
3.6
0.0
Total current liabilities
32.8
41.8
47.3
49.3
53.7
62.9
1.9
Non-current lease liabilities
Deferred tax liabilities
0.9
0.2
0.3
1.6
0.1
1.1
0.0
Non-current lease liabilities
0.0
0.0
0.0
2.9
2.2
1.3
1.3
Provisions
0.2
0.2
0.3
0.4
0.5
0.6
0.0
Deferred contingent consideration
0.0
0.0
1.8
3.6
1.9
3.0
0.0
Total non-current liabilities
1.1
0.5
2.3
8.5
4.7
6.1
1.3
Total liabilities
33.9
42.3
49.5
57.8
58.3
68.9
3.2
Equity
Issued capital
39.3
41.3
43.3
44.5
77.4
77.8
0.0
Treasury shares
0.0
0.0
0.0
0.0
-0.7
-0.3
0.0
Reserves
2.1
1.0
2.2
4.9
6.0
3.8
0.0
Accumulated profits
2.6
4.0
5.9
6.1
7.8
8.6
0.0
Equity attributable to equity holders of the parent
44.0
46.4
51.4
55.6
90.6
89.9
0.0
Non-controlling interest
0.0
0.0
0.0
0.0
0.1
-0.1
0.0
Total equity
44.0
46.4
51.4
55.6
90.7
89.8
0.0
Net debt / (net cash)
-54.3
Note: Half year are audited financials reported by Rhipe Limited
Rhipe Cash flow
Historical cash flow statement - Rhipe LTD
Calendar year
2017
2018
2018
2019
2019
2020
2020
Fiscal year
2018
2018
2019
2019
2020
2020
2021
Cash flow - reported
Half-year ended
Fiscal year
Calendar year
AUDm
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
2018
2019
2020
2018
2019
2020
Cash flow from operating activities
Receipts from partners
91.2
102.6
114.1
128.8
151.9
170.5
177.0
193.9
242.9
322.4
216.7
280.7
347.5
Payments to vendors/customers and employees
-89.9
-95.3
-109.9
-118.9
-144.6
-159.5
-170.1
-185.2
-228.8
-304.1
-205.2
-263.6
-329.6
Interest received
0.0
0.0
0.1
0.2
0.1
0.0
0.1
0.0
0.3
0.1
0.1
0.2
0.1
Interest paid
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.0
0.0
0.0
-0.1
0.0
-0.1
-0.1
Income tax paid
-0.7
-0.1
-0.5
-1.8
-1.5
-3.0
-0.8
-0.9
-2.3
-4.5
-0.6
-3.2
-3.8
Net cash provided by/(used in) operating activities
0.6
7.2
3.8
8.2
5.8
7.9
6.1
7.8
12.1
13.7
11.0
14.1
14.0
Cash flows from investing activities
Purchase of property, plant and equipment
-0.4
-0.2
-0.3
-0.4
-0.9
-0.5
-0.5
-0.5
-0.7
-1.4
-0.5
-1.3
-1.0
Payment for subsidiary on acquisition
0.0
0.0
0.0
-3.0
-2.0
0.0
-4.3
-3.0
-2.0
0.0
-5.0
-4.3
Payment for intangibles
-1.3
-1.1
-1.3
-1.0
-1.6
-1.3
-0.8
-2.4
-2.3
-2.9
-2.4
-2.6
-2.1
Proceeds from sale of investments
0.7
0.0
0.0
0.0
0.0
0.0
0.0
0.7
0.0
0.0
0.0
0.0
0.0
Net cash in investing activities
-0.9
-1.3
-1.6
-4.4
-4.5
-1.8
-5.6
-2.2
-6.0
-6.3
-2.9
-8.9
-7.4
Cash flows from financing activities
Proceeds from issue of shares
0.1
0.2
1.5
0.1
0.8
33.6
0.1
0.3
1.6
34.4
1.7
0.8
33.7
Buy back of shares
-2.3
-0.0
-1.9
-0.1
0.0
0.0
-0.1
-2.3
-2.1
0.0
-1.9
-0.1
-0.1
Investment in Treasury shares
0.0
0.0
0.0
0.0
0.0
-0.7
0.0
0.0
0.0
-0.7
0.0
0.0
-0.7
Payment of principal portion of lease liability
0.0
0.0
0.0
0.0
-0.9
-1.0
-0.7
0.0
0.0
-1.9
0.0
-0.9
-1.7
Dividend paid
0.0
-0.7
-1.3
-1.4
-2.8
0.0
-3.2
-0.7
-2.7
-2.8
-2.0
-4.2
-3.2
Costs associated with issue of shares
-0.0
0.0
-0.0
0.0
-0.0
-1.1
-0.0
0.0
0.0
-1.1
-0.0
0.0
-1.1
Net cash (used in)/provided by financing activities
-2.2
-0.5
-1.8
-1.4
-2.9
30.8
-3.9
-2.7
-3.2
27.9
-2.3
-4.3
26.9
Net change in cash and cash equivalents
-2.5
5.4
0.5
2.4
-1.6
36.9
-3.4
2.9
2.9
35.4
5.9
0.8
33.5
Cash and cash equivalents at beginning of period
19.8
17.3
22.7
23.2
25.5
24.0
60.9
19.8
22.7
25.5
40.0
48.8
84.9
Effect of exchange rates on cash holdings in foreign currencies
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
-0.1
0.0
Cash and cash equivalents at end of period
17.3
22.7
23.2
25.5
24.0
60.9
57.5
22.7
25.5
60.9
45.9
49.5
118.4
Note: Half year and fiscal year figures are audited financials reported by Rhipe Limited
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Crayon Group Holding ASA published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 07:31:05 UTC.
Crayon Group Holding ASA is a Norway-based company engaged in the information technology (IT) sector. The Companyâs activities are divided into five segments: The Software and Cloud Direct, which comprises license offering from its partners, such as Microsoft, Adobe, Symantec, Citrix, VMware, Oracle and IBM, that focuses on standard software for technological platforms and critical commercial processes; The Software and Cloud Channel, that offers system integrators and ISVs, which includes license advisory, software sales and access to Crayons Tool and IP; The Software and Cloud Economics services include processes and tools for enabling clients to build in-house Software Asset management capabilities and supports clients in vendor audits; The Consulting that consist of cloud consulting and services related to cloud migration and development; and The Admin and shared segment, that includes administrative income and costs, global costs and elimination. The Company operates worldwide.
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