Pharnext : 2020 Annual Financial results IFRS

IFRS financial statements

December 31, 2020

Disclaimer

This English version of IFRS financial statements as of December 31, 2020 has been prepared to help foreign readers of the French version, incorporated to auditors' report and filed to the stock market. This version in French remains the only valid reference for IFRS accounts.

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STATEMENT OF FINANCIAL POSITION

In Euros	Note	December, 31	December, 31
2020	2019
Assets
Intangible assets		7 360	12 141
Property, plant and equipment		146 265	293 199
Right-of-use assets		14 899	586 065
Other receivables	10	485 641	433 895
Other financial assets		201 235	201 235
Non-current assets		855 400	1 526 536
Trade and other receivables	10	9 320 228	5 398 524
Prepayments		0	0
Other financial assets		0	0
Cash and cash equivalents	11	11 078 160	16 246 565
Current assets		20 398 388	21 645 089
Total assets		21 253 788	23 171 625
Equity
Share capital	15	194 043	152 502
Share premium	15	113 851 628	99 299 706
Retained earnings and reserves	15	-105 000 563	-83 388 966
Profit (loss) for the period	15	-21 564 064	-23 309 169
Total equity		-12 518 955	-7 245 926
Liabilities
Loans and borrowings	16	17 021 344	19 596 270
Lease liabilities		0	259 125
Employee benefits	7	491 710	471 400
Provisions	19	743 139	131 154
Non-current liabilities		18 256 193	20 457 949
Loans and borrowings	16	3 925 967	3 806 342
Lease liabilities		287 920	360 548
Current tax liabilities	16	0	0
Trade and other payables	17	11 302 663	5 792 712
Current liabilities		15 516 550	9 959 602
Total liabilities		33 772 743	30 417 551
Total equity and liabilities		21 253 788	23 171 625

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
in Euros	Note	31/12/2020	31/12/2019
Continuing operations
Revenue	5	39 830	252 773
Other income	5	2 770 657	3 344 607
Administrative expenses	5	-6 081 964	-4 991 918
Marketing expenses	5	-2 093 656	-3 452 710
Research and development expenses	5	-13 548 385	-15 178 069
Operating profit		-18 913 518	-20 025 317
Finance income	6	12 748	196 737
Finance costs	6	-2 663 293	-3 480 589
Net finance costs		-2 650 546	-3 283 852
Profit before tax		-21 564 064	-23 309 169
Income tax expense		0	0
Profit (loss) from continuing operations		-21 564 064	-23 309 169
Income from associated companies under equity method		0	0
Profit (loss) for the period		-21 564 064	-23 309 169
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of the defined benefit liability (asset)
Total comprehensive income for the period		-21 564 064	-23 309 169
Earnings per share
Basic earnings (loss) per share (euro)		-1	-2
Diluted earnings (loss) per share (euro)		-1	-2
Profit for the period attributable to:
Owners of the Company		-21 564 064	-23 309 169
Profit (loss) for the period		-21 564 064	-23 309 169
Total comprehensive income attributable to:
Owners of the Company		-21 564 064	-23 309 169
Total comprehensive income for the period		-21 564 064	-23 309 169

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STATEMENT OF CHANGES IN EQUITY FOR 2020 FINANCIAL YEAR

in Euros				Reserves	Profit (loss) for
	Not e	Share Capital	Share Premiums			Total Equity
			the year
				retained earnings	other Reserves
December 31, 2019		152 502	99 299 706	-84 128 981	740 014	-23 309 169	-7 245 926
Allocation of 2019 comprehensive Income				-23 309 169		23 309 169	0
Net income						-21 564 064	-21 564 064
Other Items					68 645		68 645
Total		0	0	-23 309 169	68 645	1 745 106	-21 495 419
Contributions and distributions to company owners
Ordinary shares issuing	15	41 541	14 551 923				14 593 464
Own shares purchase				-115 292			-115 292
Convertible Bonds and Share purchase warrants					1 547 193		1 547 193
Share based Payments	8			197 027			197 027
Total		41 541	14 551 923	81 735	1 547 193	0	16 222 393
December 31, 2020		194 043	113 851 629	-107 356 415	2 355 852	-21 564 063	-12 518 955

STATEMENT OF CHANGES IN EQUITY FOR 2019 FINANCIAL YEAR

In Euros					Reserves	Profit (loss) for
	Not e	Share Capital	Share Premiums				Total Equity
				the year
					retained earnings	other Reserves
December 31, 2018		120 803	56 686 345	-62 545 358	709 439	-21 316 664	-26 345 437
Allocation of 2018 comprehensive Income				-21 316 664		21 316 664	0
Net income							-23 309 169	-23 309 169
Other Items						30 575		30 575
Total		0	0	-21 316 664	30 575	-1 992 505	-23 278 594
Contributions and distributions to company owners
Ordinary shares issuing	15	31 700	42 613 362					42 645 062
Own shares purchase				-199 256			-199 256
Convertible Bonds Issuing								0
Share based Payments	8			-67 703			-67 703
Total		31 700	42 613 362		-266 960	0	0	42 378 103
December 31, 2019		152 502	99 299 706	-84 128 982	740 014	-23 309 169	-7 245 926

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