EUROKAI
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EUROKAI GmbH & Co. KGaA
Interim Group Management Report
for the first half-year 2021
Hamburg, September 2021
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EUROKAI GmbH & Co. KGaA, Hamburg
Consolidated income statement for the period January 01 to June 30, 2021
Jan 01 to | Jan 01 to | |
June 30, | June 30, | |
2021 | 2020 | |
TEUR | TEUR | |
Revenues | 117.210 | 95.352 |
Other operating income | 5.110 | 4.337 |
Cost of materials | -38.845 | -33.773 |
Personnel expenses | -33.450 | -30.456 |
Amortisation/ depreciation | -9.133 | -9.305 |
Other operating expenses | -10.784 | -8.782 |
Earnings before investment result, interest and income tax (EBIT) | 30.108 | 17.373 |
Interest and similar income | 2.798 | 3.073 |
Finance costs | -4.584 | -4.687 |
Income from associates | 16.577 | -7.101 |
Income from other investees | 210 | 0 |
Write-downs on financial assets | 0 | 0 |
Other financial result | 3 | -27 |
Earnings before income tax (EBT) | 45.112 | 8.631 |
Income tax | -12.872 | -5.107 |
Consolidated net profit for the period | 32.240 | 3.524 |
Thereof attributable to: | ||
Equity holders of the parent | 21.840 | -2.948 |
Non-controlling interest | 10.400 | 6.472 |
32.240 | 3.524 | |
Earnings per share in EUR (according to IAS 33) | 1,38 | -0,19 |
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EUROKAI GmbH & Co. KGaA, Hamburg
Consolidated statement of comprehensive income for the period January 01 to June 30, 2021
Jan 01 to | Jan 01 to | |
June 30, | June 30, | |
2021 | 2020 | |
TEUR | TEUR | |
32.240 | 3.524 | |
Other comprehensive income: | ||
Items not to be reclassified to profit or loss in subsequent periods: | ||
Revaluation of financial derivates | 35 | 7 |
Deferred tax recognized directly in equity of financial derivates | -10 | -2 |
Actuarial gains/losses from defined benefit pension plans from joint ventures and associates | 3.337 | 5.111 |
Actuarial gains/losses from defined benefit pension plans | 229 | 26 |
Deferred tax recognized directly in equity | -1.140 | -1.627 |
2.451 | 3.515 | |
Net other comprehensive income not being reclassified to profit | ||
or loss subsequent | ||
Revaluation of financial derivates from joint ventures and associates | 86 | 62 |
Deferred tax recognized directly in equity of financial derivates | -28 | -20 |
Currency translation adjustments from joint ventures and associates | 849 | -1.389 |
Currency translation adjustments | 53 | -319 |
Other comprehensive income, net of tax | 3.411 | 1.849 |
Total comprehensive income, net of tax | 35.651 | 5.373 |
Thereof attributable to: | ||
Equity holders of the parent | 25.202 | -1.096 |
Non-controlling interest | 10.449 | 6.469 |
35.651 | 5.373 |
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EUROKAI GmbH & Co. KGaA, Hamburg
Consolidated Balance Sheet as at June 30, 2021
ASSETS | June 30, 2021 | Dec 31, 2020 | |
TEUR | TEUR | ||
Non-current assets | |||
Intangible assets | |||
Other intangible assets | |||
Property, plant and equipment | |||
Land, land rights and buildings | |||
including buildings on third-party land | 60.454 | 62.184 | |
Plant and machinery | 51.145 | 53.848 | |
Other equipment, furniture and fixtures | 4.610 | 5.270 | |
Prepayments and assets under construction | 2.645 | 1.645 | |
118.854 | 122.947 | ||
Financial assets | |||
Investments in associates | 126.216 | 106.911 | |
Investments | 1.092 | 1.067 | |
Deferred income tax assets | 18.914 | 21.224 | |
Other financial receivables and assets | 154.844 | 155.505 | |
Other non- financial receivables and assets | 804 | 893 | |
Current assets | |||
Inventories | 5.850 | 5.905 | |
Trade receivables | 54.411 | 44.752 | |
Other financial assets | 7.003 | 27.034 | |
Other non-financial assets | 11.673 | 12.305 | |
Current recoverable income taxes | 3.895 | 3.856 | |
Cash and cash equivalents | 166.288 | 150.052 | |
745.394 | 727.765 | ||
EQUITY AND LIABILITIES | June 30, 2021 | Dec 31, 2020 | |
TEUR | TEUR | ||
Capital and reserves | |||
Issued capital | 13.468 | 13.468 | |
Personally Liable General Partner´s capital | 294 | 294 | |
Capital reserves | 1.801 | 1.801 | |
Reserve from the fair value measurement of financial derivates | 0 | 0 | |
Reserve from other changes in equity of asociates | -25.901 | -29.033 | |
Reserve of exchange differences on translation | 163 | 119 | |
Revenue reserves | 142.057 | 134.436 | |
Accumulated profit | 200.565 | 202.072 | |
Equity attributable to equity holders of the parent | 332.447 | 323.157 | |
Non-controlling interest | 80.735 | 79.857 | |
413.182 | 403.014 | ||
Liabilities and provisions | |||
Non-current financial and provisions | |||
Non-current financial liabilities, net of current portion | 13.174 | 14.512 | |
Non-current portion of deferred government grants | 2.499 | 2.547 | |
Other financial liabilities | 214.603 | 214.099 | |
Other non-financial liabilities | 33 | 49 | |
Deferred income tax liabilities | 9.413 | 9.511 | |
Provisions | |||
Provisions for employee benefits | 7.112 | 7.360 | |
Other provisions | 9.668 | 10.171 | |
256.502 | 258.249 | ||
Current liabilities and provisions | |||
Current portion of non-current financial liabilities | 7.028 | 7.824 | |
Trade payables | 28.713 | 30.459 | |
Current portion of deferred government grants | 224 | 267 | |
Other financial liabilities | 18.166 | 18.061 | |
Other non-financial liabilities | 7.446 | 5.171 | |
Income tax obligations | 12.338 | 2.788 | |
Provisions | |||
Provisions for employee benefits | 638 | 800 | |
Other provisions | 1.157 | 1.132 | |
75.710 | 66.502 | ||
332.212 | 324.751 | 3 | |
745.394 | 727.765 |
EUROKAI GmbH & Co. KGaA, Hamburg
Consolidated cash flow statement for the period January 01 to June 30, 2021
Jan 01 to Jun | Jan 01 to Jun | |
30, 2021 | 30, 2020 | |
TEUR | TEUR | |
1. Cash flows from operating activities | ||
EBT | 45.112 | 8.631 |
Depreciation, amortisation and impairment losses | 9.133 | 9.305 |
Loss from the disposal of assets | -742 | -257 |
Currency translation adjustments | -3 | 27 |
Profit/loss from investments accounted for using the equity method | -16.577 | 4.464 |
Interest result | 1.786 | 1.615 |
= Operating profit before changes in assets carried as working capital | 38.709 | 23.785 |
Increase/decrease in trade receivables | -9.659 | 13.175 |
Increase/decrease in other assets | 21.412 | 1.790 |
Increase/decrease in inventories | 55 | 288 |
Increase/decrease in government grants | -91 | -84 |
Increase/decrease in provisions which affects income (excluding interest costs) | -589 | -934 |
Increase/decrease in trade payables and other financial and non-financial liabilities | -7.149 | 179 |
= Cash flows used in/from changes in assets carried as working capital | 3.979 | 14.414 |
Interest received | 1.870 | 3.073 |
Interest paid | -2.017 | -4.345 |
Cash receipts from repayments of finance lease receivables | 3.466 | 2.793 |
Income taxes paid | -11.387 | -4.406 |
Income taxes received from tax refunds | 0 | 646 |
= Cash paid/received for interest and income tax | -8.068 | -2.239 |
= Net cash flows from operating activities | 34.620 | 35.960 |
2. Cash flows from investing activities | ||
Proceeds from the disposal of intangible assets and | ||
property, plant and equipment | 1.866 | 1.434 |
Investments in intangible assets and | ||
property, plant and equipment | -6.828 | -2.940 |
Cash received from the reimbursement of granted loans | 21.386 | 0 |
Cash paid for loans granted to investments accounted for using the equity method | 0 | -12.000 |
Dividends received | 1.223 | 0 |
= Net cash flows used in investing activities | 17.647 | -13.506 |
3. Cash flows from financing activities | ||
Cash paid to equity holders | -15.839 | -24.385 |
Repayment of non-current financial liabilities | -2.232 | -8.173 |
Payment of finance lease liabilities | -8.360 | -7.308 |
Payment to non-controlling interest | -9.600 | 0 |
= Net cash flows used in financing activities | -36.031 | -39.866 |
Net increase/decrease in cash and cash equivalents (subtotal of 1 to 3) | 16.236 | -17.412 |
Cash and cash equivalents at January 01 | 150.052 | 180.414 |
Cash and cash equivalents at the end of the period | 166.288 | 163.002 |
Composition of cash and cash equivalents | ||
Cash and cash equivalents | 166.288 | 163.002 |
Cash and cash equivalents at the end of the period | 166.288 | 163.002 |
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Eurokai GmbH & Co. KGaA published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:21:06 UTC.