Duna House : Half-yearly Report - H1 2023 2023.10.05.

This is a translation of the Hungarian Report

DUNA HOUSE HOLDING NYRT. 30 June 2023

CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS

DUNA HOUSE HOLDING NYRT.

CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS

IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS

30 JUNE 2023

This is a translation of the Hungarian Report
	DUNA HOUSE HOLDING NYRT.
		30 June 2023
	CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS
	Table of content
1.	General	10
1.1	Introduction to the company	10
1.2	Basis of the financial statements	11
2.	Accounting policy	13
2.1	Main components of the accounting policy	13
2.1.1	Basis of consolidation	13
2.1.2	Reporting currency and foreign exchange balances	14
2.1.3	Business combinations and goodwill	14
2.1.4	Investments in associated companies and joint ventures	15
2.1.5	Distinction between short and long-term	16
2.1.6	Sales revenue	17
2.1.7	Contractual assets	18
2.1.8	Contractual obligations	18
2.1.9	Real estate, machines, equipment	19
2.1.10	Impairment loss	19
2.1.11	Intangible assets	20
2.1.12	Inventories	20
2.1.13	Borrowing costs	20
2.1.14	Receivables	21
2.1.15	Instruments classified as held for sale and liabilities directly linked to them	21
2.1.16	Financial instruments	22
2.1.17	Provisions	23
2.1.18	Investment property	24
2.1.19	Income taxes	25
2.1.20	Leasing	26
2.1.21	Earning per share (EPS)	27
2.1.22	Off-balance sheet items	27
2.1.23	Treasury shares repurchased	27
2.1.24	Dividends	27
2.1.25	Profit/Loss on financial transactions	28
2.1.26	Government grants	28
2.1.27	Distribution of shares, option schemes	28
2.1.28	Cash and cash equivalents	28
2.1.29	Restricted cash	28
2.1.30	Events subsequent to the accounting reference date	28
2.2	Changes in the Accounting Policy	29
2.3	Restatement of historical statement	29
2.4	Uncertainties	30
2.4.1	Impairment on goodwill	31
2.4.2	Impairment recognised on uncollectible and doubtful receivables	31
2.4.3	Trail commission	31
2.4.4	Investment property	31
2.4.5	Depreciation	32
2.4.6	Deferred purchase price and option liability	32
2.5	Business combination details, enterprises involved in the consolidation	33
2.5.1	Presentation of the subsidiaries involved in the consolidation	34
2.5.2	Acquisitions during the year 2022	38
2.5.3	Transactions in year 2023	42

2

This is a translation of the Hungarian Report
	DUNA HOUSE HOLDING NYRT.
		30 June 2023
	CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS
3.	Property, machinery and equipment	43
4.	Investment property	44
5.	Intangible assets	45
6.	Leases	46
7.	Goodwill	47
8.	Financial instruments	48
9.	Deferred tax receivables	48
10.	Inventories	49
11.	Trade receivables	49
12.	Amounts owed by related undertakings	50
13.	Other receivables	51
14.	Cash and cash equivalents	51
15.	Accrued incomes	52
16.	Instruments classified as held for sale and liabilities directly linked to them	52
17.	Subscribed capital and profit reserve	55
18.	Treasury shares	57
19.	Exchange reserves	58
20.	Non-controlling interests	59
21.	Long and short-term credits and loans	59
22.	Bonds payable	60
23.	Provisions	63
24.	Deferred tax liabilities	64
25.	Other long-term liabilities	64
26.	Accounts payable	65
27.	Liabilities to related undertakings	65
28.	Other liabilities	66
29.	Accruals and deferred income	67
30.	Sales revenue	67
31.	Contractual balances	69
32.	Other operating income	70
33.	Variation in self-manufactured stock	70
34.	Consumables and raw materials	71
35.	Goods and services sold	71
36.	Contracted services	72
37.	Personnel costs	73
38.	Other operating charges	73
39.	Revenues of financial transactions	74
40.	Expenses of financial transactions	74
41.	Income taxes	75
42.	Other comprehensive income	75
43.	Earning per share (EPS)	76
44.	Segment information	77
45.	Capital management	80
46.	Risk management	81
47.	Financial instruments	87
48.	Remuneration of the Board of Directors and Supervisory Board	90
49.	Events after the balance sheet date	90
50.	Other publication obligations required by the Accounting Act	91
51.	Liability declaration and approval of the financial statements for disclosure	92

3

This is a translation of the Hungarian Report

DUNA HOUSE HOLDING NYRT. 30 June 2023

CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS

Statement of consolidated financial position

data in thousands of forints, unless otherwise indicated

ASSETS	Annex	30.06.2023	31.12.2022
Long-term assets
Intangible assets	5	6 007 279	6 666 133
Right-of-use	6	1 755 312	1 540 929
Investment property	4	0	982 500
Land and buildings	3	1 621 432	1 787 050
Machinery and equipment	3	165 457	187 097
Goodwill	7	5 332 678	5 662 784
Investments in associated companies and joint		12 839	101 127
ventures
Financial instruments	8, 47	111 064	110 602
Deferred tax assets	9	842 989	910 475
Total long-term assets		15 849 050	17 948 697
Current assets
Inventories	10, 33	2 927 638	6 059 075
Trade receivables	11	2 740 613	3 229 765
Amounts owed by related undertakings	0	11 161	25 345
Other receivables	13	1 957 832	1 665 048
Actual income tax assets	41	302 545	192 168
Cash and cash equivalents	14	7 259 663	10 646 364
Restricted cash	14	500	92 550
Prepayments and accruals	15	1 147 014	911 205
Assets held for sale	16	1 116 569	402 421
Total current assets		17 463 535	23 223 941
Total Assets		33 312 585	41 172 638

4

This is a translation of the Hungarian Report

DUNA HOUSE HOLDING NYRT. 30 June 2023

CONSOLIDATED HALF-YEARLY FINANCIAL STATEMENTS

Statement of consolidated financial position data in thousands of forints, unless otherwise indicated

LIABILITIES	Annex	30.06.2023	31.12.2022
Equity
Registered capital	17	171 989	171 989
Treasury shares repurchased	18	(138 016)	(370 862)
Capital reserve	17	1 548 398	1 564 066
Exchange reserves	19	(148 812)	504 502
Retained earnings	17	1 387 439	3 205 707

Total equity of the parent company		2 820 998	5 075 402
Non-controlling interests	20	242 058	175 508
Total equity:		3 063 056	5 250 910
Long-term liabilities
Long-term loans	21	1 082 173	1 404 027
Provisions for expected liabilities	0	75 449	80 035
Deferred tax liabilities	24	1 515 001	1 683 651
Other long-term liabilities	25	6 892 033	9 139 098
Bonds payable	22	13 009 305	13 059 828
Long-term liabilities from leases	6	1 518 579	1 470 175
Total long-term liabilities		24 092 540	26 836 814
Current liabilities
Short-term loans and borrowings	21	468 370	357 048
Accounts payable	26	2 709 068	3 106 913
Liabilities to related undertakings	27	112 328	143 845
Other liabilities	28	1 332 615	4 225 653
Short-term liabilities from leases	6	461 673	292 382
Actual income tax liabilities	41	407 038	194 460
Prepayments and accruals	29	649 878	731 777
Liabilities directly linked to instruments classified as held for	16	16 019	32 836
sale
Total current liabilities		6 156 989	9 084 914
Total liabilities and equity		33 312 585	41 172 638

5