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Socfinaf

ISIN: LU0056569402 | Ticker: SOFAF | LEI: 222100G1I5GZATXY2511
Country: Luxembourg

About Socfinaf

Company Description

Socfin, Socfinaf and Socfinasia are three Luxembourg companies listed on the Luxembourg Stock Exchange.

Their activities consist of managing a portfolio of holdings focused on the development of more than 191 900 hectares of tropical oil palm and rubber plantations located in Africa and South-East Asia.

The Socfin Group is present in Central and West Africa and South-East Asia.

After more than a century of activity, the Group has built up an experience and expertise that makes it a major player today.

Year founded

1890

Served area

Worldwide

Headquarters

4, Avenue Guillaume, 1650 Luxembourg – Luxembourg

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 826,014,253.00 890,475,317.00 903,596,830.00
Noncurrent Assets N/A 654,616,677.00 681,555,326.00 673,784,536.00
Property Plant And Equipment N/A 246,991,466.00 269,676,822.00 277,533,909.00
Intangible Assets Other Than Goodwill N/A 2,176,612.00 1,958,916.00 1,449,899.00
Investments In Associates Accounted For Using Equity Method N/A 22,149,858.00 23,619,982.00 27,288,358.00
Noncurrent Biological Assets N/A 363,692,548.00 365,903,978.00 350,244,763.00
Deferred Tax Assets N/A 8,639,695.00 9,421,066.00 4,513,651.00
Noncurrent Loans And Receivables N/A 1,416,590.00 1,745,719.00 1,664,769.00
Noncurrent Financial Assets At Fair Value Through Other Comprehensive Income N/A 91,902.00 38.00 300,038.00
Other Noncurrent Assets N/A 1,661,749.00 1,743,807.00 2,619,576.00
Current Assets N/A 171,397,576.00 208,919,991.00 229,812,294.00
Inventories N/A 82,571,321.00 92,844,873.00 105,769,814.00
Current Trade Receivables N/A 27,031,366.00 28,185,332.00 23,519,223.00
Other Current Receivables N/A 13,619,891.00 8,995,522.00 21,440,996.00
Current Tax Assets Current N/A 12,802,007.00 13,378,526.00 12,438,610.00
Current Biological Assets N/A 0.00 2,423,966.00 3,005,618.00
Cash and cash equivalents N/A 35,372,991.00 63,091,772.00 63,638,033.00
Equity And Liabilities N/A 826,014,253.00 890,475,317.00 903,596,830.00
Equity 384,907,320.00 334,036,659.00 436,481,962.00 509,236,264.00
Issued Capital N/A 35,673,300.00 35,673,300.00 35,673,300.00
Retained Earnings Profit Loss For Reporting Period N/A N/A 72,028,965.00 75,584,548.00
Share Premium N/A 87,453,866.00 87,453,866.00 87,453,866.00
Statutory Reserve N/A 3,567,330.00 3,567,330.00 3,567,330.00
Equity Attributable To Owners Of Parent N/A 224,895,450.00 315,276,676.00 384,444,517.00
Noncontrolling Interests N/A 109,141,208.00 121,205,286.00 124,791,747.00
Noncurrent Liabilities N/A 173,741,301.00 273,829,366.00 195,848,333.00
Other Noncurrent Payables N/A 7,685,924.00 7,401,155.00 6,005,420.00
Deferred Tax Liabilities N/A 9,757,571.00 11,408,890.00 9,219,942.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 13,211,378.00 12,054,536.00 12,366,549.00
Longterm Borrowings N/A 134,841,339.00 234,679,480.00 159,582,281.00
Current Liabilities N/A 318,236,294.00 180,163,989.00 198,512,233.00
Current Provisions N/A 646,902.00 337,462.00 622,480.00
Trade And Other Current Payables To Trade Suppliers N/A 48,492,731.00 43,847,861.00 50,186,437.00
Other Current Payables N/A 84,974,842.00 68,876,569.00 62,447,969.00
Current Tax Liabilities Current N/A 20,857,243.00 30,408,824.00 40,651,438.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 161,910,541.00 35,588,183.00 43,071,845.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 402,564,812.00 526,702,437.00 637,341,934.00
Other Income 3,931,391.00 5,393,496.00 5,844,939.00
Changes In Inventories Of Finished Goods And Work In Progress -2,647,322.00 -753,008.00 5,109,712.00
Other Work Performed By Entity And Capitalised 15,100,184.00 11,960,180.00 9,969,880.00
Raw Materials And Consumables Used 133,596,378.00 145,224,395.00 182,873,108.00
Employee Benefits Expense 68,590,979.00 69,886,384.00 74,266,738.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 59,412,147.00 55,738,718.00 58,213,723.00
Other Expense By Nature 10,988,093.00 16,546,165.00 25,095,805.00
Profit Loss From Operating Activities 56,343,806.00 142,878,901.00 175,329,593.00
Finance Income 2,960,823.00 6,324,778.00 8,653,915.00
Finance Costs 27,706,483.00 22,363,108.00 41,163,373.00
Profit Loss Before Tax 31,056,680.00 124,039,747.00 141,063,191.00
Profit (loss) 13,128,979.00 101,728,012.00 109,649,889.00
Profit Loss Attributable To Owners Of Parent -3,879,769.00 72,028,965.00 75,584,548.00
Profit Loss Attributable To Noncontrolling Interests 17,008,748.00 29,699,047.00 34,065,341.00
Line item in (eur) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) 13,128,979.00 101,728,012.00 109,649,889.00
Adjustments For Income Tax Expense 19,187,061.00 29,575,745.00 42,711,079.00
Adjustments For Decrease Increase In Inventories -10,339,842.00 -3,417,054.00 -8,943,177.00
Adjustments For Fair Value Gains Losses 2,992,208.00 -8,090,073.00 -5,789,099.00
Adjustments For Undistributed Profits Of Associates 1,259,361.00 7,264,009.00 11,297,777.00
Other Adjustments For Noncash Items 5,384,264.00 -1,352,609.00 -1,202,239.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets 541,467.00 2,799,747.00 1,758,494.00
Dividends Received Classified As Operating Activities 3,302,248.00 3,383,509.00 7,126,982.00
Interest Paid Classified As Operating Activities -16,783,864.00 -14,683,522.00 -15,590,970.00
Income Taxes Paid Refund Classified As Operating Activities 20,318,842.00 28,856,992.00 39,796,406.00
Cash Flows From Used In Operating Activities 91,438,086.00 154,280,544.00 189,534,019.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 1,139,130.00 1,375,153.00 1,655,010.00
Cash Flows From Used In Investing Activities -61,083,096.00 -61,402,192.00 -53,386,810.00
Proceeds From Borrowings Classified As Financing Activities 23,906,695.00 22,778,375.00 7,030,288.00
Repayments Of Borrowings Classified As Financing Activities 20,252,331.00 56,595,266.00 99,581,546.00
Payments Of Lease Liabilities Classified As Financing Activities 1,622,570.00 1,595,202.00 1,737,556.00
Interest Paid Classified As Financing Activities 16,783,864.00 14,683,522.00 15,590,970.00
Cash Flows From Used In Financing Activities -24,813,402.00 -68,682,118.00 -138,821,206.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -3,099,477.00 551,541.00 -446,315.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 2,442,111.00 24,747,775.00 -3,120,312.00
Cash and cash equivalents 35,372,991.00 63,091,772.00 63,638,033.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

LU0056569402

LEI

222100G1I5GZATXY2511

Sector

Consumer Staples

Industry Group

Food, Beverage & Tobacco

Industry

Food Products

Sub-Industry

Agricultural Products & Services

Listed Stock Exchange

Luxembourg Stock Exchange

Stock Index

Lux General Index

LuxX Index

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