Annual Financial Report 2020/2021
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021
Assets in kEUR | Note | 31/03/2021 | 31/03/2020 |
Non-current assets | |||
Property, plant and equipment | 5.1.1. | 12,323 | 11,994 |
Intangible assets | 5.1.2. | 3,715 | 3,777 |
Other financial assets | 5.1.3. | 169 | 169 |
Other non-financial assets | 5.1.4. | 401 | 515 |
Deferred income tax assets | 5.1.5. | 597 | 588 |
17,205 | 17,043 | ||
Current assets | |||
Trade and other receivables | 5.2.1. | 10,904 | 13,134 |
Income tax receivables | 5.2.1. | 66 | 18 |
Cash and cash equivalents | 5.2.2. | 48,424 | 35,101 |
59,394 | 48,253 | ||
Total assets | 76,599 | 65,296 | |
Equity and liabilities in kEUR | Note | 31/03/2021 | 31/03/2020 |
Equity | |||
Capital and reserves attributable to the Parent Company's | |||
equity holders | |||
Share capital | 5.3. | 11,000 | 11,000 |
Capital reserves | 5.3.1. | 19,513 | 15,190 |
Treasury shares | 5.3.2. | 0 | -2,013 |
Other reserves | -1,055 | -884 | |
Adjustment item for currency conversion | 359 | 409 | |
Retained earnings | 7,181 | 5,513 | |
36,998 | 29,215 | ||
Non-controlling interest | 2,254 | 2,254 | |
39,252 | 31,469 | ||
Non-current liabilities | |||
Provisions for severance payments | 5.4.1. | 3,911 | 3,464 |
Deferred income tax liabilities | 5.1.5. | 416 | 444 |
Other payables | 5.4.3. | 5,443 | 5,636 |
Investment grants | 5.6. | 104 | 0 |
9,874 | 9,544 | ||
Current liabilities | |||
Trade and other payables* | 5.5.1. | 8,074 | 8,306 |
Liabilities for income taxes | 5.5.2. | 5,571 | 2,989 |
Contract liabilities* | 5.5.3. | 13,828 | 12,988 |
27,473 | 24,283 | ||
Total equity and liabilities | 76,599 | 65,296 | |
*Due to a reclassification of the contract liabilities resulting from service contracts amounting to kEUR 280 from trade and other payables into the contract liabilities, the previous year's values were adjusted.
2 FABASOFT ANNUAL FINANCIAL REPORT 20/21
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE 2020/2021 FISCAL YEAR
in kEUR | Note | 2020/2021 | 2019/2020 |
Sales revenue | 6.1. | 55,090 | 51,056 |
Other operating income | 6.2. | 394 | 249 |
Expenses for purchased services | -2,477 | -2,237 | |
Employee benefits expenses | 6.3. | -27,510 | -24,261 |
Depreciation and amortisation expenses | 6.4. | -5,668 | -5,071 |
Other operating expenses | 6.5. | -5,943 | -8,027 |
Operating result | 13,886 | 11,709 | |
Finance income | 6.6. | 3 | 4 |
Finance expenses | 6.6. | -109 | -53 |
Result before income taxes | 13,780 | 11,660 | |
Income taxes | 6.7. | -4,050 | -3,107 |
Result for the year | 9,730 | 8,553 | |
Other result (possible reclassification in result for the year): | |||
Change in adjustment item for currency conversion | -50 | 63 | |
Other result (no reclassification in result for the year): | |||
Revaluation effects - severance payments net deferred income taxes | -171 | -66 | |
Other result | -221 | -3 | |
Total result | 9,509 | 8,550 | |
Result for the year | |||
attributable to: | |||
Equity holders of the Parent Company | 8,818 | 7,708 | |
Non-controlling interest | 912 | 845 | |
Total result | |||
attributable to: | |||
Equity holders of the Parent Company | 8,597 | 7,705 | |
Non-controlling interest | 912 | 845 | |
Earnings per share in terms of the results for the year for result | |||
attributable to the equity holders of the Parent Company in the | |||
fiscal year (expressed in EUR per share) | |||
basic | 9.1.1. | 0.80 | 0.72 |
diluted | 9.1.2. | 0.80 | 0.72 |
FABASOFT ANNUAL FINANCIAL REPORT 20/21 | 3 |
CONSOLIDATED CASH FLOW STATEMENT FOR THE 2020/2021 FISCAL YEAR
in kEUR | Note | 2020/2021 | 2019/2020 |
Cash flows from operating activities | |||
Operating result | 13,886 | 11,709 | |
Adjustments in non-cash items | |||
Depreciation and amortisation expenses | 6.4. | 5,668 | 5,071 |
Effects from currency conversion | 7 | -76 | |
Changes in non-current provisions | 447 | 239 | |
Revaluation effects - severance payments | 5.4.1. | -228 | -88 |
Changes in other non-financial assets recognised in profit and loss | 5.1.4. | 114 | -39 |
Profit/loss from disposal of property, plant and equipment | -107 | 16 | |
19,788 | 16,832 | ||
Adjustments in net current assets | |||
Changes in trade and other receivables | 1,949 | -1,246 | |
(without income tax receivables) | |||
Changes in trade and other payables (without income tax | -296 | 1,147 | |
and lease liabilities)* | |||
Changes in contract liabilities* | 1,034 | -286 | |
Changes in investment grants | 5.6. | 104 | 0 |
2,791 | -385 | ||
Cash generated from operations | 22,579 | 16,447 | |
Interest received | 3 | 0 | |
Interest paid | -68 | -12 | |
Income taxes paid | -1,502 | -2,328 | |
Net cash generated from operating activities | 21,012 | 14,107 | |
Cash flows from investing activities | |||
Purchases of property, plant and equipment and intangible assets | 5.1.1. | -4,527 | -4,376 |
5.1.2. | |||
Proceeds from sale of property, plant and equipment and intangible assets | 229 | 15 | |
Acquisition of subsidiaries less cash acquired | 0 | -480 | |
Net cash used in investing activities | -4,298 | -4,841 | |
Cash flows from financing activities | |||
Redemption of lease liability | -1,594 | -1,436 | |
Sale of treasury shares | 6,336 | 0 | |
Dividend distribution | -7,150 | -5,361 | |
Payments to non-controlling interest | -912 | -480 | |
Payments for the repayment of loans | 0 | -126 | |
Net cash used in financing activities | -3,320 | -7,403 | |
Changes in cash and cash equivalents | 13,394 | 1,863 | |
Changes in cash and cash equivalents | |||
Cash and cash equivalents at beginning of period | 35,101 | 33,170 | |
Effect of exchange rates changes | -71 | 68 | |
Increase | 13,394 | 1,863 | |
Cash and cash equivalents at end of period | 5.2.2. | 48,424 | 35,101 |
*Due to a reclassification of the contract liabilities resulting from service contracts from trade and other payables into the contract liabilities, the previous year's values were adjusted.
4 FABASOFT ANNUAL FINANCIAL REPORT 20/21
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE 2020/2021 FISCAL YEAR
Attributable to equity holders of the Parent Company | ||||||||||
Adjustment | Non-con- | |||||||||
Share | Capital | Treasury | Other | item for | Retained | Total | ||||
in kEUR | Note | Total | trolling | |||||||
capital | reserves | shares | reserves | currency | earnings | equity | ||||
conversion | interest | |||||||||
Balance at | ||||||||||
31 March 2019 | 11,000 | 15,190 | -2,013 | -818 | 346 | 3,165 | 26,870 | 936 | 27,806 | |
Other result | 0 | 0 | 0 | -66 | 63 | 0 | -3 | 0 | -3 | |
Result for the year | 0 | 0 | 0 | 0 | 0 | 7,708 | 7,708 | 845 | 8,553 | |
Total result | 0 | 0 | 0 | -66 | 63 | 7,708 | 7,705 | 845 | 8,550 | |
Dividend | 0 | 0 | 0 | 0 | 0 | -5,361 | -5,361 | -480 | -5,841 | |
First time consolidation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 953 | 953 | |
of subsidiaries | ||||||||||
Balance at | 5.3. | 11,000 | 15,190 | -2,013 | -884 | 409 | 5,513 | 29,215 | 2,254 | 31,469 |
31 March 2020 | ||||||||||
Attributable to equity holders of the Parent Company | ||||||||||
Adjustment | Non-con- | |||||||||
Share | Capital | Treasury | Other | item for | Retained | Total | ||||
in kEUR | Note | Total | trolling | |||||||
capital | reserves | shares | reserves | currency | earnings | equity | ||||
conversion | interest | |||||||||
Balance at | ||||||||||
31 March 2020 | 11,000 | 15,190 | -2,013 | -884 | 409 | 5,513 | 29,215 | 2,254 | 31,469 | |
Other result | 0 | 0 | 0 | -171 | -50 | 0 | -221 | 0 | -221 | |
Result for the year | 0 | 0 | 0 | 0 | 0 | 8,818 | 8,818 | 912 | 9,730 | |
Total result | 0 | 0 | 0 | -171 | -50 | 8,818 | 8,597 | 912 | 9,509 | |
Dividend | 0 | 0 | 0 | 0 | 0 | -7,150 | -7,150 | -912 | -8,062 | |
Sale of | 0 | 4,323 | 2,013 | 0 | 0 | 0 | 6,336 | 0 | 6,336 | |
treasury shares | ||||||||||
Balance at | 5.3. | 11,000 | 19,513 | 0 | -1,055 | 359 | 7,181 | 36,998 | 2,254 | 39,252 |
31 March 2021 | ||||||||||
FABASOFT ANNUAL FINANCIAL REPORT 20/21 | 5 |
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Fabasoft AG published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 14:19:07 UTC.