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MPC Energy Solutions N.V.
Annual / Quarterly Financial Statement • Mar 3, 2022
8188_rns_2022-03-03_166a904e-aa7e-4f74-ab2d-f2e35d829ae4.pdf
Annual / Quarterly Financial Statement
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MPC ENERGY SOLUTIONS N.V. 2021
PRELIMINARY AND UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
www.mpc-energysolutions.com
1. Consolidated Interim Statement of Financial Position
Please note that the consolidated financial statements presented below are preliminary and unaudited and may change as a result of the annual audit. The final and audited financial statements will be published on 20 April 2022.
| 31/12/2021 (preliminary and unaudited) |
31/12/2020 (audited) |
|||
|---|---|---|---|---|
| Assets, Equity and Liabilities | USD | USD | ||
| A. | Assets | 83,912,519 | 1,307,503 | |
| I. | Non-current Assets | 26,459,349 | 842,919 | |
| 1. Property plant and equipment |
2,630,299 | 316,634 | ||
| 2. Right-of-use assets |
- | 26,285 | ||
| 3. Investments in joint ventures |
15,503,530 | - | ||
| 4. Financial fixed assets |
8,325,520 | 500,000 | ||
| II. | Current assets | 57,453,170 | 464,584 | |
| 1. Trade and other receivables |
645,940 | 53,102 | ||
| 2. Cash and cash equivalents |
56,807,230 | 411,482 | ||
| B. | Equity and Liabilities | 83,912,519 | 1,307,503 | |
| I. | Equity | 82,697,036 | (546,655) | |
| 1. Shareholder's equity |
82,697,036 | (547,405) | ||
| 2. Non-controlling equity |
- | 750 | ||
| II. | Provisions | - | - | |
| III. | Liabilities | 1,215,483 | 1,854,158 | |
| 1. Trade and other payables |
544,471 | 146,527 | ||
| 2. Payables to group companies |
- | 1,056,224 | ||
| 3. Payables to other related parties |
119,855 | 539,740 | ||
| 4. Taxes and other social securities |
395,428 | 3,773 | ||
| 5. Accruals and deferred income |
155,729 | 107,894 |
2. Consolidated Interim Income Statement
Please note that the consolidated financial statements presented below are preliminary and unaudited and may change as a result of the annual audit. The final and audited financial statements will be published on 20 April 2022.
| 01/01/2021 - 31/12/2021 (preliminary and unaudited) USD |
04/06/2020 - 31/12/2020 (audited) USD |
|
|---|---|---|
| Employee expenses | (934,551) | (48,079) |
| Depreciation | (1,821) | (501) |
| Other operating expenses | (2,147,750) | (821,793) |
| Operating result (EBIT) | (3,084,122) | (870,373) |
| Financial income | 426,818 | 14,158 |
| Financial expenses | (83,728) | (20,600) |
| Share of result of joint ventures | (61,338) | - |
| Profit / loss before income tax (EBT) | (2,802,370) | (876,815) |
| Income tax expenses | - | - |
| Profit / loss for the period | (2,802,370) | (876,815) |
| Attributable to: | - | |
| Equity holders of the Company | (2,802,370) | (876,801) |
| Non-controlling interest | - | (14) |
| Basic earnings per share – in USD | (0.13) | (0.67) |
| Diluted earnings per share – in USD | (0.13) | (0.67) |
3. Consolidated Interim Statement of Cash Flows
Please note that the consolidated financial statements presented below are preliminary and unaudited and may change as a result of the annual audit. The final and audited financial statements will be published on 20 April 2022.
| 01/01/2021 - 30/09/2021 (preliminary and unaudited) USD |
04/06/2020 - 31/12/2020 (audited) USD |
|
|---|---|---|
| Operating activities | ||
| Profit/Loss before income tax | (2,802,370) | (876,815) |
| Depreciation | 1,821 | 501 |
| Adjustments in working capital: | ||
| - Net change in current assets | (592,838) | (53,102) |
| - Net change in current liabilities | 393,434 | 1,049,446 |
| Financial income | (426,818) | (14,158) |
| Financial expenses | 83,728 | 20,600 |
| Share of result in joint ventures | 61,338 | - |
| Interest received | 471 | (4,266) |
| Interest paid | (83,728) | (4,266) |
| Income tax paid | - | - |
| Net cash flow from / (used in) operating activities | (3,364,962) | 122,206 |
| Investing activities | ||
| Investments in property, plant and equipment | (2,315,486) | (317,135) |
| Exhange rate results | - | - |
| (Dis)investments in rights-of-use assets | 26,285 | (26,285) |
| Investments in financial fixed assets | (2,500,000) | (500,000) |
| Investments in joint ventures | (15,564,868) | - |
| Net cash flow from / (used in) investing activities | (20,354,069) | (843,420) |
| Financing activities | ||
| Proceeds from share issuance | 2,444,750 | 265,050 |
| Capital increases asset acquisition | 83,601,310 | 64,346 |
| Loan from related party | (822,602) | 803,300 |
| Loans to joint ventures at amortized costs | (5,108,679) | - |
| Net cash flow from / (used in) financing activities | 80,114,779 | 1,132,696 |
| Net change in cash and cash equivalents | 56,395,748 | 411,482 |
| Cash and cash equivalents at beginning of the period | 411,482 | - |
| Cash and cash equivalents at end of the period | 56,807,230 | 411,482 |
www.mpc-energysolutions.com