GAUSSIN : Consolidated financial statements at 31 December 2021

Consolidated financial statements at 31

December 2021

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	Note	31/12/2021	31/12/2020
s
Goodwill	6	7 353	8 373
incl Intangible assets	5	1 368	1 549
Property, plant and equipment	7	17 736	10 119
Long-term investments	8	1 627	885
Investments in subsidiaries	9	0	0
Fixed assets		26 717	19 377

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	25 507	19 933
11	20 377	14 823
12	10 386	4 032
13
14	6 000	38
14	14 467	16 279
	76 737	55 105
	103 454	74 482

	Capital stock		25 794	23 246
	Share premium		14 409	5 151
	Retained earnings		-8 887	-10 144
	Profit or loss for the financial year		-7 313	1 282
	Other shareholders' equity		248
	Shareholders' equity, Group share	15	24 252	19 536
	Non-controlling interests	15	432	397
	Shareholders' equity for consolidated group		reholders	19 934
	Contingencies and loss provisions	16	3 966	2 874
	Borrowings and financial liabilities	17	30 471	25 425
	Trade accounts payable	18	17 663	7 802
	Other payables and accruals	19	26 669	18 448
	Debt		74 804	51 675
	TOTAL LIABILITIES		103 454	74 482

Consolidated financial statements	2
31 DECEMBER 2021
GAUSSIN SA GROUP

CONSOLIDATED PROFIT AND LOSS STATEMENT

Data in K €	Note	31/12/2021	31/12/2020
Turn over	19	41 020	20 635
Licencing revenues	19	11 740	20 000
Revenue and licencing revenues		52 760	40 635
Other operating income	20	21 732	17 556
Operating income		74 492	58 190
Consumed purchases	21	-54 481	-34 835
Personnal cost	22	-15 222	-10 667
Other operating expenses		-722	-499
Taxes and duties		-613	-810
Depreciation/amortisation and provision	23	-10 277	-7 906
Operating expenses		-81 316	-54 718
Operating profit before amortisation and depreciation of goodwill		-6 825	3 472
Amortisation/depreciation of goodwill		-246	-125
Operating profit after amortisation and depreciation of goodwill		-7 071	3 348
Financial profit	24	-222	-807
Profit or loss from ordinary activities of consolidated companies		-7 293	2 541
Extraordinary profit	25	4	-607
Tax on earnings	26	-7	-122
Net profit from consolidated companies		-7 296	1 812
Share of profit from associates		0	-516
Consolidated net income		-7 296	1 296
Non-controlling interests		-17	-14
Net income group chare		-7 313	1 282
Net earning per share (in euro)	27	-0,30	0,06
Diluated earnings per share (in euro)	27	-0,30	0,06

Consolidated financial statements	3
31 DECEMBER 2021
GAUSSIN SA GROUP

CONSOLIDATED CASH FLOW STATEMENT

Data in K€	31/12/2021	31/12/2020
Cash flow from operating activities
Net profit (loss) from consolidated companies	-7 050	1 936
Elimination of income and expenses with no
impact on cash flow or not related to
Depreciation, impairment and provisions	5 492	3 256
Other income and expenses with no impact on cash flow
Changes in deferred taxes
Gains/losses on disposals	147
Cash flow	-1 411	5 192
Changes in operating working capital requirements	985	-765
Inventories
Trade receivables	-5 561	-7 462
Trade payables	-4 730	376
Other receivables/payables	9 740	-1 260
Impact of changes in receivables/payables	1 535	7 581
Net cash flow from operating activities	-427	4 426
Cash flows from investing activities
Impact of changes in the consolidation scope	-961	3 151
Acquisition property, plant and equipment	-12 327	-3 582
Disposal of fixed assets	786	1
Net cash flow from investing activities	-12 502	-430
Cash flows from financing activities
Capital increases/decreases in cash	11 805	4 639
Cash inflows/outflows from treasury shares	-5	8
Issuance of bank loans	1 689	5 875
Repayment of bank loans	-2 773	-1 736
Change in other financial liabilities	248	133
Net cash flow from (used by) financing activities	10 964	8 919
Change in cash flows	113
Net cash flow	-1 852	12 915
Opening cash position	16 299	3 384
Closing cash position	14 448	16 299

Consolidated financial statements	4
31 DECEMBER 2021
GAUSSIN SA GROUP

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

Amounts in € thousand	Number of	Share capital	Premiums	Consolidated	Profit (loss)	Other equity	Shareholders'	Non-controlling	Shareholders'
shares	reserves	equity, Group	interests	equity, Group
					share	share
Shareholders' equity at 31/12/2019	211 369 812	21 137	2 622	-7 277	-2 891		13 591	5	13 596
Capital transactions	-188 123 586	2 109	2 530				4 639		4 639
Appropriation of profit (loss) from the previous financial year				-2 891	2 891
Changes in treasury shares
Profit (loss) for the period					1 282		1 282	14	1 296
Ecart de conversion				15			15		15
Variation des titres en auto-contrôle				8			8		8
Variation de périmètre								379	379
Other movements
Shareholders' equity at 31/12/2020	23 246 226	23 246	5 151	-10 145	1 282		19 536	397	19 933
Capital transactions	2 548 131	2 548	9 258				11 806		11 806
Appropriation of profit (loss) from the previous financial year				1 282	-1 282
Profit (loss) for the period					-7 313		-7 313	17	-7 296
Ecart de conversion				-9			-9		-9
Variation des titres en auto-contrôle				-5			-5		-5
Variation de périmètre								17	17
Other movements				-10		248	238		238

1. The ending of the option of recognition as translation differences imposed by the new ANC regulation 2021-01 has had an impact of -€10K on the consolidated reserves.
2. The Group benefited from a €248K investment grant, which, in accordance with the new ANC regulation 2020-21 is classified as equity from 2021 onwards

Consolidated financial statements	5
31 DECEMBER 2021
GAUSSIN SA GROUP