Fabasoft : Annual Financial Report 2020/2021 The annual financial report contains the annual financial statements of Fabasoft AG as at 31 March 2021 and the consolidated financial statements as at 31 March 2021..

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