Afarak Group
ISIN: FI0009800098 | Ticker: AFAGR | LEI: 743700KOUL1GQQQREP40
Country: Finland
Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferroalloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Afarak produces a diverse range of chrome products which are sold exclusively through its sales and marketing division, Afarak Trading, to customers operating worldwide in the stainless steel and steel sectors, including the automotive, aerospace and power generation industries. Afarak also exports raw chrome ore directly to China.
1985
Served areaEurope and Africa
HeadquartersKaisaniemenkatu 4, 100 Helsinki – Finland
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 142,593.00 | 146,350.00 | 159,758.00 |
| Noncurrent Assets | N/A | 113,130.00 | 91,946.00 | 94,550.00 |
| Property Plant And Equipment | N/A | 61,617.00 | 38,471.00 | 38,976.00 |
| Goodwill | N/A | 42,105.00 | 46,029.00 | 48,720.00 |
| Intangible Assets Other Than Goodwill | N/A | 6,232.00 | 5,548.00 | 5,239.00 |
| Deferred Tax Assets | N/A | 2,916.00 | 1,766.00 | 654.00 |
| Other Noncurrent Financial Assets | N/A | 260.00 | 132.00 | 961.00 |
| Current Assets | N/A | 29,463.00 | 54,404.00 | 65,208.00 |
| Inventories | N/A | 13,464.00 | 13,292.00 | 24,734.00 |
| Trade And Other Current Receivables | N/A | 14,901.00 | 34,825.00 | 28,056.00 |
| Cash and cash equivalents | N/A | 1,098.00 | 6,287.00 | 12,418.00 |
| Equity And Liabilities | N/A | 142,593.00 | 146,350.00 | 159,758.00 |
| Equity | 29,806.00 | 29,806.00 | 43,439.00 | 104,787.00 |
| Issued Capital | N/A | 23,642.00 | 23,642.00 | 23,642.00 |
| Retained Earnings | N/A | -188,860.00 | -176,170.00 | -122,081.00 |
| Share Premium | N/A | 25,223.00 | 25,223.00 | 25,223.00 |
| Other Reserves | N/A | 65.00 | 39.00 | 31.00 |
| Equity Attributable To Owners Of Parent | N/A | 27,536.00 | 44,240.00 | 105,707.00 |
| Noncontrolling Interests | N/A | 2,269.00 | -801.00 | -920.00 |
| Liabilities | N/A | 112,786.00 | 102,911.00 | 54,971.00 |
| Noncurrent Liabilities | N/A | 80,808.00 | 59,249.00 | 33,733.00 |
| Noncurrent Provisions For Employee Benefits | N/A | 23,359.00 | 20,619.00 | 11,988.00 |
| Other Longterm Provisions | N/A | 11,390.00 | 11,671.00 | 12,207.00 |
| Deferred Tax Liabilities | N/A | 11,437.00 | 9,182.00 | 9,111.00 |
| Other Noncurrent Financial Liabilities | N/A | 34,589.00 | 17,749.00 | 404.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 33.00 | 28.00 | 23.00 |
| Current Liabilities | N/A | 31,978.00 | 43,662.00 | 21,238.00 |
| Other Shortterm Provisions | N/A | 179.00 | 266.00 | 274.00 |
| Trade And Other Current Payables | N/A | 14,529.00 | 18,890.00 | 15,420.00 |
| Current Tax Liabilities Current | N/A | 2,545.00 | 3,744.00 | 3,754.00 |
| Other Current Financial Liabilities | N/A | 14,725.00 | 20,762.00 | 1,790.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2020/ 01.01.2022 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|---|
| Revenue | 59,805.00 | N/A | 80,256.00 | 198,691.00 |
| Other Income | 1,333.00 | N/A | 3,633.00 | 2,641.00 |
| Changes In Inventories Of Finished Goods And Work In Progress | 43,514.00 | N/A | 55,260.00 | 120,850.00 |
| Employee Benefits Expense | 15,432.00 | N/A | 16,139.00 | 18,416.00 |
| Depreciation And Amortisation Expense | 2,626.00 | N/A | 2,086.00 | 1,297.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 21,515.00 | N/A | -2,968.00 | 157.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 21,515.00 | N/A | -2,968.00 | 157.00 |
| Other Expense By Nature | 6,243.00 | N/A | 6,550.00 | 8,319.00 |
| Profit Loss From Operating Activities | -28,192.00 | N/A | 6,822.00 | 52,293.00 |
| Finance Income | 8,548.00 | N/A | 6,725.00 | 4,279.00 |
| Finance Costs | 12,804.00 | N/A | 10,669.00 | 7,385.00 |
| Profit Loss Before Tax | -32,448.00 | N/A | 2,878.00 | 49,187.00 |
| Income Tax Expense Continuing Operations | -4,804.00 | N/A | 2,268.00 | 4,475.00 |
| Profit Loss From Continuing Operations | -27,644.00 | N/A | 610.00 | 44,712.00 |
| Profit Loss From Discontinued Operations | 6,073.00 | N/A | 8,396.00 | 2,885.00 |
| Profit (loss) | -21,571.00 | 9,006.00 | 9,006.00 | 47,597.00 |
| Profit Loss Attributable To Owners Of Parent | -17,672.00 | N/A | 9,161.00 | 47,716.00 |
| Profit Loss Attributable To Noncontrolling Interests | -3,899.00 | N/A | -155.00 | -119.00 |
| Line item in (eur) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Profit (loss) | -21,571.00 | 9,006.00 | 47,597.00 |
| Adjustments For Income Tax Expense | -4,803.00 | 2,268.00 | 4,475.00 |
| Adjustments For Finance Costs | 4,047.00 | 3,944.00 | 3,106.00 |
| Adjustments For Decrease Increase In Inventories | 7,191.00 | 564.00 | -11,169.00 |
| Adjustments For Increase Decrease In Trade Account Payable | 1,616.00 | 5,569.00 | -5,276.00 |
| Adjustments For Depreciation And Amortisation Expense | 23,773.00 | -882.00 | 1,454.00 |
| Adjustments For Provisions | 585.00 | 416.00 | 398.00 |
| Adjustments For Sharebased Payments | 60.00 | -112.00 | -67.00 |
| Other Adjustments For Noncash Items | -1,702.00 | -939.00 | 102.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | 6,244.00 | 3,275.00 | -347.00 |
| Interest Paid Classified As Operating Activities | -2,939.00 | -2,703.00 | -1,739.00 |
| Interest Received Classified As Operating Activities | -85.00 | 450.00 | -14.00 |
| Income Taxes Paid Refund Classified As Operating Activities | -1,703.00 | 2,584.00 | 3,625.00 |
| Cash Flows From Used In Operating Activities | -4,415.00 | 13,125.00 | 31,209.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | -958.00 | 836.00 | 1,682.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | 47.00 | -17.00 | -84.00 |
| Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities | 48.00 | 0.00 | 0.00 |
| Cash Flows From Used In Investing Activities | -863.00 | -819.00 | -1,598.00 |
| Proceeds From Borrowings Classified As Financing Activities | 3,215.00 | 7,905.00 | 2,183.00 |
| Repayments Of Borrowings Classified As Financing Activities | -3,749.00 | 11,525.00 | 27,103.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | -193.00 | 49.00 | 81.00 |
| Other Inflows Outflows Of Cash Classified As Financing Activities | 2,002.00 | -3,207.00 | 1,555.00 |
| Cash Flows From Used In Financing Activities | 1,275.00 | -6,876.00 | -23,446.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -4,002.00 | 5,430.00 | 6,165.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | -289.00 | -241.00 | -33.00 |
| Cash and cash equivalents | 1,098.00 | 6,287.00 | 12,418.00 |
Please note that some sums might not add up.
FI0009800098
LEI743700KOUL1GQQQREP40
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