GAUSSIN : COMPTES CONSOLIDES 12.2020 - Consolidated financial statements at 31 December 2020 (EN)

Consolidated financial statements at 31

December 2020

CONSOLIDATED BALANCE SHEET	2
CONSOLIDATED PROFIT AND LOSS STATEMENT	3
CASH FLOW STATEMENT	4
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY	5
NOTES	6

CONSOLIDATED BALANCE SHEET

Data in €K	Notes	31/12/2020	31/12/2019
Goodwill	5	1 549	546
Intangible assets	6	6 824	4 724
Property, plant and equipment	7	10 119	6 209
Long-term investments	8	885	207
Investments in subsidiaries	9	0	4 821
Fixed assets		19 377	16 507

Inventories and work in progress Trade accounts receivable Other receivable and accruals Deferred tax assets Short-term investment securities Cash and short term investments

Current assets

TOTAL ASSETS

10	19 933	4 588
11	14 823	6 169
12	4 032	3 953
13
14	38
14	16 279	3 387
	55 105	18 097
	74 482
		34 605

Capital stock		23 246	21 137
Share premium		5 151	2 622
Retained earnings		-10 144	-7 277
Profit or loss for the financial year		1 282	-2 891
Other shareholders' equity
Shareholders' equity, Group share	15	19 536	13 591
Non-controlling interests	15	397	5
Shareholders' equity for consolidated group		19 933
Contingencies and loss provisions	16	2 874	2 178
Borrowings and financial liabilities	17	25 425	10 144
Trade accounts payable	18	7 802	5 066
Other payables and accruals	19	18 448	3 621
Debt		51 675	18 831
TOTAL LIABILITIES		74 482	34 605

CONSOLIDATED FINANCIAL STATEMENTS

31 DECEMBER 20202 GAUSSIN SA GROUP

CONSOLIDATED INCOME STATEMENT

Data in €K	Note	31/12/2020	31/12/2019
Revenues	19	20 635	7 308
Licencing revenues	19	20 000	11 462
Revenue and licencing revenues		40 635	18 770
Other operating income	20	17 556	12 616
Operating income		58 190	31 386
Consumed purchases	21	-34 835	-16 749
Payroll expenses	22	-10 667	-4 142
Other operating expenses		-499	-204
Taxes and levies		-810	-286
Depreciation, impairment and provisions	23	-7 906	-15 362
Operating expenses		-54 718	-36 743
Operating profit before amortisation and impairment of goodwill		3 472	-5 357
Financial profit/loss	24	-807	-440
Profit or loss from ordinary activities of consolidated companies		2 665	-5 797
Extraordinary profit/loss	25	-607	2 725
Tax on earnings	26	-122	0
Net profit/loss from consolidated companies		1 936	-3 073
Share of profit from associates		-516	246
Amortisation/impairment of goodwill		-125	-68
Consolidated net income		1 295	-2 894
Non-controlling interests		-14	4
Net income - group share		1 282	-2 891
Net earning per share (in euros)	27	0,06	-0,01
Diluated earnings per share (in euros)	27	0,06	-0,01

CONSOLIDATED FINANCIAL STATEMENTS

31 DECEMBER 20203 GAUSSIN SA GROUP

CONSOLIDATED CASH FLOW STATEMENT

Data in K€	Notes	31/12/2020	31/12/2019
Cash flow from operating activities
Net profit (loss) from consolidated companies		1 936	-3 073
Elimination of income and expenses with no
impact on cash flow or not related to
Depreciation, impairment and provisions		3 256	7 418
Other income and expenses with no impact on cash flow
Changes in deferred taxes
Gains/losses on disposals
Cash flow		5 191	4 344
Changes in operating working capital requirements		-765	-4 965
Inventories
Trade receivables		-7 462	-2 487
Trade payables		686	-4 347
Other receivables/payables		-2 173	2 760
Impact of changes in receivables/payables		8 183	-891
Net cash flow from operating activities		4 425	-621
Cash flows from investing activities
Impact of changes in the consolidation scope		3 151	-1 006
Acquisition property, plant and equipment		-3 582	-1 400
Disposal of fixed assets		1
Net cash flow from investing activities		-430	-2 529
Cash flows from financing activities
Capital increases/decreases in cash		4 639	3 151
Cash inflows/outflows from treasury shares		8	16
Issuance of bank loans		5 875	179
Repayment of bank loans		-1 736	-1 006
Change in other financial liabilities		133
Net cash flow from (used by) financing activities		8 920	2 339
Change in cash flows
Net cash flow		12 914	-811
Opening cash position		3 384	4 194
Closing cash position		16 299	3 384

CONSOLIDATED FINANCIAL STATEMENTS

31 DECEMBER 20204 GAUSSIN SA GROUP

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

	Number of			Consolidated		Shareholders'	Non-controlling	Shareholders'
Amounts in €K	Share capital	Premiums	Profit (loss)	Other equity equity, Group	equity, Group
	shares			reserves		share	interests	share
Shareholders' equity at 31/12/2018	187 603 708	18 760	14 847	-6 261	-14 030	13 316	9	13 316
Appropriation of profit (loss) from the previous financial year			-13 000	-1 030	14 030
Capital transactions	23 766 104	2 377	775			3 151		3 151
Changes in treasury shares				14		14		14
Profit (loss) for the period					-2 891	-2 891	-4	-2 891
Other movements

Shareholders' equity at 31/12/2019

Capital transactions

Appropriation of profit (loss) from the previous financial year Changes in treasury shares

Profit (loss) for the period Unrealised exchange gains/losses Change in control securities Change in scope

Other movements

211 369 812	21 137	2 622	-7 277	-2 891	13 591	5	13 596
-188 123 586	2 109	2 530			4 639		4 639
			-2 891	2 891
				1 282	1 282	14	1 296
			15		15		15
			8		8		8
						379	379

Shareholders' equity at 31/12/2020

23 246 226

23 246

5 151

-10 145

1 282

19 535

397

19 933

1. See Note 15.

CONSOLIDATED FINANCIAL STATEMENTS

31 DECEMBER 20205 GAUSSIN SA GROUP