EdiliziAcrobatica S p A : Consolidated financial statements at 31.12.2020

EDILIZIACROBATICA SPA

Consolidated financial statements at 31.12.2020

Balance sheet

ASSETS	31.12.2020	31.12.2019
TO YOUR MEMBER'S CREDITS FOR OUTSTANDING PAYMENTS	-	-
B. FIXED ASSETS
I. Intangible assets
1) Installation and enlargement costs	2.767.701	2.679.746
2) Development costs	20.000	40.000
3) Industrial patent rights and rights of use of works of ingenuity	326.638	113.717
4) concessioners, licenses, trademarks and similar rights	1.751	2.304
5) Goodwill	236.684	236.684
6) current assets and allowances	304.901	237.919
7) other intangible assets	771.123	605.417
8) difference from consolidation	-	-
Total intangible assets	4.428.798	3.915.787
II. Tangible fixed assets
1) Land and buildings	-	-
2) plant and machinery	155.849	150.283
3) Industrial and commercial equipment	465.061	422.623
4) other goods	682.871	655.639
5) current assets and allowances	-	-
6) Leasing fixed assets	-	-
Total material assets	1.303.781	1.228.545
III. Financial fixed assets
1) Investments
(a) in subsidiaries	-	-
(b) in related undertakings	-	-
(c) in parent undertakings	-	-
(d) undertakings under the control of the parent companies	-	-
(d-bis) other undertakings	-	-
2) Credits
(a) to subsidiaries	-	-
(b) to related undertakings	-	-
(c) to controlling agents	-	-
(d) undertakings under the control of the parent companies	-	-
(d-bis) other undertakings	-	-
Payable by the financial year	-	-
Payable after the following financial year	-	-
3) other titles	-	-

4) financial derivatives assets	33.224	-
Total financial assets	33.224	-
TOTAL FIXED ASSETS (B)	5.765.803	5.144.331
C. CURRENT ASSETS
I. Inventories
1) Raw materials, subsidiaries and consumer products	2.707.058	2.642.854
2) Products in process and semi-finished products	-	-
3) work-in-progress to order	-	-
4) finished goods and goods	-	-
5) advances	-	-
Total inventory	2.707.058	2.642.854
II. Credits
1) Trade receivables	20.724.296	13.667.049
Due within one year	12.253.395	13.667.049
Receivable beyond one year	8.470.901	-
2) to controlled undertakings	-	-
3) to related undertakings	-	-
4) to controlling agents	-	-
5) to undertakings under the control of the parent companies	-	-
5-bis) Tax credits	3.326.725	3.135.378
Due within one year	3.326.725	3.135.378
Receivable beyond one year	-	-
5-ter) advance taxes	324.868	211.040
5-c) other	2.479.932	2.031.949
Due within one year	2.479.932	2.031.949
Receivable beyond one year	-	-
Total credits	26.855.821	19.045.416
III. Financial activities that do not cost immobility.
1) Investments in subsidiaries	-	-
2) Investments in related investigations	-	-
3) Investments in parent companies	-	-
3-bis) Investments in undertakings under the control of the parent companies	-	-
4) Investments in other undertakings	-	-
5) financial derivatives assets	-	-
6) other titles	9.244.404	4.105.749
Total financial Assets that do not cost immobility	9.244.404	4.105.749
IV. Cash in stock
1) Bank and postal deposits	8.223.425	5.696.160
2) Assign	-	-
3) Cash and cash values	18.542	19.606
Total liquid stock	8.241.967	5.715.766
TOTAL CURRENT ASSETS (C)	47.049.250	31.509.785
D. PREPAYMENTS AND ACCRUED INCOME	682.175	123.060
TOTAL ASSETS	53.497.228	36.777.177
LIABILITIES	31.12.2020	31.12.2019

EQUITY
I - Capital	803.250	792.424
II - share surcharge reserve	6.680.369	6.255.986
III - evaluation reserves	-	-
IV - Legal reserve	158.485	154.506
V - statutory reserves	-	-
VI - other reserves, cleared stated	4.389	116
VII - reserve for expected hedging operations	- 22.839	-
VIII - profits (losses) carried over	3.481.007	3.190.216
IX - profit (loss) for the financial year	1.757.640	1.093.450
X - negative reserve for Treasury Stock in portfolio	-	-
CONSOLIDATED STAKEHOLDERS' EQUITY OF THE GROUP	12.862.301	11.486.698
Capital and reserves of third parties	-	39.922
PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THIRD PARTIES	-	7.146
CONSOLIDATED SHAREHOLDERS' EQUITY OF THE GROUP AND THIRD	12.862.301	11.533.766
PARTIES
B. FUNDS FOR RISKS AND CHARGES
1) Funds for retirement treatment and the like	-	-
2) Funds for taxes, whether or not deposited	58.708	32.145
2a) Consolidation Fund for future risks and charges	-	-
3) Financial derivative instruments	56.062	-
4) other	5.352	519
TOTAL FUNDS FOR RISKS AND CHARGES	120.122	32.664
C. END OF WORK RATIO TREATMENT SUB.	1.663.193	1.126.476
Q. DEBTS
1) bonds	9.740.976	5.000.000
Due within one year	-	714.300
Payable beyond one year	9.740.976	4.285.700
2) Convertible bonds	-	-
3) debt to shareholders for financing	-	250
4) debts to banks	14.926.067	7.328.657
Due within one year	3.868.618	6.281.102
Payable beyond one year	11.057.449	765.013
5) Amounts owed to other financiers	507.496	155.990
Due within one year	23.062	55.568
Payable beyond one year	484.434	100.422
6) advances	1.396.781	1.287.242
Due within one year	1.396.781	1.287.242
Payable beyond one year	-	-
7) Accounts payable	5.269.421	5.375.549
Due within one year	5.269.421	5.375.549
Payable beyond one year	-	-
8) debts represented by credit securities	-	-
9) debt to subsidiaries	-	-
10) debts to related undertakings	-	-
11) debts to parent company	70.028	70.423
Due within one year	70.028	70.423

Payable beyond one year
11-bis) will have to understand under the control of the parent companies	-	-
12) Tax debts	2.297.784	1.459.216
Payable by the financial year	2.265.211	1.168.539
Payable after the following financial year	32.573	76.004
13) debt to social security and social security institutions	1.581.826	1.368.972
Payable by the financial year	1.581.826	1.368.972
Payable after the following financial year	-	-
14) other debts	2.719.767	1.741.697
Payable by the financial year	2.719.767	1.741.697
Payable after the following financial year	-	-
TOTAL DEBTS	38.510.146	23.787.996
ACCRUALS AND DEFERRED INCOME	341.466	296.275
TOTAL LIABILITIES	53.497.228	36.777.177
INCOME STATEMENT	31.12.2020		31.12.2019
SALES
1) Revenue from sales and services	44.664.415		39.224.623
2) Change in inventories of products in process, semi-finished and finished products	0		0
3) variation of work-in-progress to order	0		0
4) increases in fixed assets for internal works	829.457		2.082.534
5) other income and income
(a) contributions in the financial year account	280.461		79.365
(b) other	394.425		368.715
Total other revenues and income	674.886		448.080
TOTAL SALES (A)	46.168.758		41.755.237
B. PRODUCTION COSTS
6) for Raw materials, subsidiaries, consumer goods and other goods	5.409.372		5.786.364
7) for services	10.725.047		8.859.987
8) for the enjoyment of third-party assets	2.996.618		2.718.585
9) for staff:
(a) wages and salaries	12.760.857		10.237.281
(b) social security contributions	7.054.797		6.187.416
c) end-of-relationship treatment	1.011.252		756.691
d) quiescent treatment and the like	0		0
(e) other costs	440.942		2.719.688
Total personnel costs	21.267.848		19.901.076
10) depreciation and devaluations
(a) amortization of intangible assets	924.401		1.429.047
(b) amortization of tangible fixed assets	197.512		247.405
(c) impairment of intangible and tangible assets	0		0
(d) depreciations of the recepables included in the Current assets	728.134		215.000
11) variation of the supplies of raw materials, subsidiaries, consumption and goods	285.928		875.503
12) proposals for risks	5.352		0

13) other propositions	0	0
14) different operating charges	1.054.881	1.152.844
TOTAL PRODUCTION COSTS (B)	43.023.237	39.434.804
DIFFERENCE BETWEEN VALUE OF PRODUCTION AND COST OF PRODUCTION	3.145.521	2.320.433
(A-B)
C. FINANCIAL INCOME AND CHARGES
15) income from equity investments	0	0
16) other financial income:
(a) from credits entered in fixed assets	0	0
(b) securities entered in fixed assets which do not substitute holdings	0	0
(c) securities entered in Current assets which do not substitute holdings	0	0
(d) income other than previous income
- interventions and commissions from subsidiaries	0	0
interest and commission from related undertakings	0	0
interviews and commissions from parent companies	0	0
- interest and commissions from others and miscellaneous income	41.330	23.935
17) Interest and other financial charges
(A) to subsidiaries	0	0
(b) to related undertakings	0	0
(c) to parent undertakings	0	0
(d) other	432.664	386.993
17-bis) profits and Foreign exchange losses	0	0
TOTAL FINANCIAL INCOME AND CHARGES (C)	391.334	363.058
Q. ADJUSTED VALUE OF FINANCIAL ASSETS
18) evaluations
(a) equity investments	0	0
(b) financial fixed assets which do not substitute holdings	0	0
(c) securities entered in the current assets which do not constant holdings	90.654	87.233
(d) derivative financial instruments	0	0
19) devaluations
(a) equity investments	0	0
(b) financial fixed assets which do not substitute holdings	0	0
(c) securities entered in the working capital which do not constant holdings	0	0
(d) derivative financial instruments	0	0
ADJUSTED TOTAL VALUE OF FINANZ ACTIVITY. (D)	90.654	87.233
PROFIT (LOSS) BEFORE TAXATION (A-B+-C+-D)	2.844.841	2.044.608
20) taxes on income for the period, current, deferred and anticipated
- currents	1.502.524	1.091.628
- deferred	150.154	54.350
- from previous exercises	265.169	93.266
21) RESULT FOR THE FINANCIAL YEAR INCLUDING THE SHARE OF THIRD	1.757.640	1.100.596
PARTIES
PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THIRD PARTIES	0	7.146
GROUP PROFIT (LOSS)	1.757.640	1.093.450