Value8 N : Halfjaarlijkse financiële verslaggeving

Condensed semi annual report for the period

ending 30 June 2023

Value8 NV

Contents
1.	Condensed Statement of Financial Position	2
2.	Condensed Income Statement for the first half year	4
3.	Condensed Statement of Changes in Equity	6
4.	Condensed Cash Flow Statement for the first half year	7
5.	Accounting policies of Value8 NV	9
6.	Private equity investments	9
7.	Listed investments	12
8.	Overview of private equity investments	14
9.	List of listed investments (associates)	14
10.	Equity	15
11.	Loans from related parties	15
12.	Loans from others	15
13.	Corporate income tax	15
14.	Related Party Transactions	15
15.	Dividend payments to Value8's shareholders	15
16.	Segmented information	16
17.	Events after the balance date	16
18.	Contingent liabilities	16
19.	Statement from the Board of Directors	16

1

1. Condensed Statement of Financial Position

(after profit appropriation)

(x € 1,000)	30 June 2023	31 Dec 2022
Assets
Fixed assets
Tangible fixed assets	373	434
Property investments	715	715
Private equity investments	22,060	18,071
Loans granted to private equity investments	1,422	1,549
Loans granted to listed investments	10,828	10,473
Loans granted to others	322	15
Options listed investments	238	407
Listed investments	34,317	34,504
Total fixed assets	70,275	66,168
Loans granted to listed investments	-	410
Listed investments	33,934	33,429
Receivables and accruals	76	98
Cash	2,121	323
Total current assets	36,131	34,260
Total assets	106,406	100,428

2

(x € 1,000)	30 June 2023	31 Dec 2022
Equity
Share capital	3,740	3,740
5% Cumulative preference shares		412	412
Share premium		36,095	36,095
Share premium 5% cumulative preference shares	6,948	6,948
Revaluation reserve		6,418	5,829
Other reserves		36,435	41,403
Result		2,071	- 2,531

Total equity attributable to shareholders of the company	92,119	91,896
Long-term liabilities
Lease and rent liabilities	215	279
Other payables	1,000	-

Total long-term liabilities	1,215	279
Current liabilities
Current account with credit institutions	4,315	2,421
Loans from related parties	2,202	2,179
Loans from others	2,872	2,240
Lease and rent commitments	129	124
Trade and other payables	3,554	1,289
Total current liabilities	13,072	8,253
Total liabilities	14,287	8,532
Total equity and liabilities	106,406	100,428

3

2. Condensed Income Statement for the first half year

(x € 1,000)	2023	2022*
Operating income
Fair value changes private equity investments		-	- 812
Fair value changes listed investments		1,445	- 3,959
Fair value changes options listed investments		- 169	-
ECL charge loans to private equity investments		- 217	- 71
Interest on loans granted to private equity investments		91	119
Interest on loans granted to listed investments		295	58
Interest on loans granted to others		1	-
Realised results listed investments		- 14	989
Other income (non-recurring)		135	-
Dividends		1,597	2,539

Total operating income	3,164	- 1,137
Operating costs
Wages, salaries, and payroll taxes	548	496
Other operating expenses	278	390
Depreciation and amortisation	61	48

Total operating expenses	887	934
Finance income and finance expenses
Financial expenses	- 206	- 131
Net finance income (expense)	2,071	- 131
Result before tax	2,071	- 2,202
Income taxes	-	-
Result after tax	2,071	- 2,202

*2022: 31 December 2021 - 30 June 2022

4