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Giglio.Com — Audit Report / Information 2017
Apr 11, 2018
4456_10-k_2018-04-11_70ed8f92-e807-4d8b-a0ea-029bf4f3012d.pdf
Audit Report / Information
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| Informazione Regolamentata n. 20076-29-2018 |
Data/Ora Ricezione 11 Aprile 2018 10:20:58 |
AIM -Italia/Mercato Alternativo del Capitale |
|
|---|---|---|---|
| Societa' | : | Giglio Group S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 102005 | |
| Nome utilizzatore | : | GIGLIONSS02 - Myriam Amato | |
| Tipologia | : | 1.1 | |
| Data/Ora Ricezione | : | 11 Aprile 2018 10:20:58 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Aprile 2018 10:20:59 | |
| Oggetto | : | Giglio Group - Separate Financial Statements FY2017 integration |
|
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Milan, April 11, 2018 – Giglio Group S.p.A. (Ticker GGTV) ("Giglio Group" or the "Company") – the first e-commerce 4.0 company listed on the MTA-STAR Market of Borsa Italiana, since March 20, 2018, approved on March 29, 2018 the draft separate and consolidated financial statements as of and for the year ended 31 December 2017.
Separate Financial Statements Integration to the previous Press Release
Information on Giglio Group
Founded by Alessandro Giglio in 2003 and listed on MTA- STAR market, Giglio Group is an ecommerce 4.0 company addressing mainly millennial consumers. The group is a leader in the field of radio and television broadcasting, it has developed cutting-edge digital solutions and represents, in online fashion, a digital market place at a global level, catering to thirty major digital retailers in the world. Giglio Group also produces multimedia content that is transmitted, through agreements with operators and in a large part through a proprietary infrastructure via fiber and satellite transmission formed by the division M-Three Satcom, in 46 nations, 5 continents and in six languages through its own television channels visible on all TV devices, digital, web and mobile. In 2016, the group launched its own e-commerce 4.0 model, which is currently operating in China and the USA: the users "see and buy" by clicking on their smartphone / tablet or taking a photograph of the product they are watching on television, for a revolutionary shopping experience. Giglio Group is headquartered in Milan, Rome, New York (Giglio USA) and Shanghai (Giglio Shanghai).
***
CONTACTS
Press Office
Spriano Communication&Partners Matteo Russo e Cristina Tronconi Tel. 02 83635708 mob. 347/9834881 [email protected] [email protected]
Investor Relations:
Myriam Amato Francesca Cocco [email protected] (+39)028397420
| Statement of financial position | 31.12.2017 | 31.12.2016 | |
|---|---|---|---|
| (€/000) | |||
| Non -current assets Property, plant and equipment |
(1) | 5.175 | 4.911 |
| Intangible assets | (2) | 1.403 | 1.938 |
| of which Distribution rights | - | - | |
| of which Publishing rights | 1.303 | 1.803 | |
| Other intangible assets | 100 | 135 | |
| Goodwill | (3) | 4.134 | 4.134 |
| Investments | (4) | 7.419 | 1.859 |
| Receivables | (5) | ||
| 3.135 | 1.153 | ||
| Deferred tax assets | (8) | 776 | 198 |
| Total non -current assets |
22.043 | 14.194 | |
| Current assets | |||
| Inventories | (6) | 3.685 | 2.332 |
| Trade and other receivables | (7) | 15.140 | 20.074 |
| Financial receivables | - | - | |
| Tax receivables | (8) | 3.828 | 1.599 |
| Other assets | (9) | 1.392 | 532 |
| Cash and cash equivalents | (10) | 3.100 | 1.450 |
| Total current assets | 27.144 | 25.987 | |
| Total Assets | 49.187 | 40.181 | |
| Equity | (11) | ||
| Share capital | 3.208 | 2.964 | |
| Reserves | 11.374 | 7.750 | |
| Extraordinary reserve | - | - | |
| Listing charges | (541) | (541) | |
| FTA Reserve | 4 | 4 | |
| Retained earnings | 46 | (96) | |
| Currency reserve | - | - | |
| Net profit (loss) for the period | (2.379) | 141 | |
| Total Equity | 11.712 | 10.222 | |
| Non -current liabilities |
|||
| Provisions | (12) | ||
| 349 | 283 | ||
| Deferred tax liabilities | (13) | 265 | 351 |
| Financial payables (non -current portion) |
(14) | 7.438 | 6.376 |
| Total non -current liabilities |
8.052 | 7.009 | |
| Current liabilities | |||
| Trade and other payables | (15) | 16.751 | 17.204 |
| Financial payables (current portion ) |
(14) | 11.513 | 4.196 |
| Tax payables | (16) | 405 | 932 |
| Other liabilities | (17) | 754 | 616 |
| Total current liabilities | 29.423 | 22.949 | |
| Total Liabilities and Equity | 49.187 | 40.181 |
| Consolidated income statement (€/000) | 31.12.2017 | 31.12.2016 | |
|---|---|---|---|
| Total revenue | (18) | 32.354 | 29.220 |
| Other revenue | (18) | 195 | 146 |
| Changes in inventories | 1.353 | (681) | |
| Costs for raw and ancillary materials, consumables and goods for resale | (19) | (18.379) | (14.568) |
| Service costs | (20) | (12.274) | (8.617) |
| Lease expenses | (21) | (641) | (560) |
| Operating costs | (31.293) | (23.744) | |
| Wages and salaries | (22) | (1.536) | (951) |
| Social security contributions | (22) | (467) | (289) |
| Post-employment benefits | (22) | (64) | (61) |
| Personnel costs | (2.067) | (1.301) | |
| Amortisation | (23) | (803) | (750) |
| Depreciation | (23) | (1.159) | (1.280) |
| Allowance for bad debts | (23) | (358) | (129) |
| Amortization, depreciation and allowance for bad debts | (2.320) | (2.159) | |
| Other operating costs | (24) | (600) | (545) |
| EBIT | (2.378) | 936 | |
| Financial income | (25) | 11 | 30 |
| Financial expense | (25) | (663) | (523) |
| Profit before tax | (3.030) | 443 | |
| Income tax | (26) | 651 | (302) |
| Net profit for the period | (2.379) | 141 |
| Amounts in Euro | 31.12.2017 | 31.12.2016 |
|---|---|---|
| Cash flows from operating activities | ||
| Net profit (loss) for the period | (2.379) | 141 |
| Adjustments for: | ||
| Depreciation of tangible assets | 1.159 | 1.280 |
| Amortisation of intangible assets | 803 | 750 |
| Write-downs/(Revaluations) | 358 | 129 |
| Net financial charges/(income) | 652 | 493 |
| Taxes | (651) | 302 |
| Variations: | ||
| Inventories Trade receivables |
(1.353) 4.934 |
703 (12.033) |
| Tax receivables | (2.229) | 5 |
| Other assets | (860) | (560) |
| Deferred tax liabilities | (86) | - |
| Trade payables | (454) | 8.861 |
| Tax payables | (527) | (127) |
| Other liabilities | 138 | 943 |
| Change in net working capital | (436) | (2.208) |
| Change in reserves | 66 | 173 |
| Cash flow generated from operating activities | (428) | 1.060 |
| Interest paid | (652) | (493) |
| Income taxes paid | 651 | (302) |
| Net cash flow generated from operating activities | (429) | 265 |
| Cash flows from investing activities | ||
| Investments in tangible assets | (1.423) | (3.770) |
| Investments in intangible assets | (268) | (416) |
| Acquisition Evolve Group net of liquidity acquired | 558 | - |
| Acquisition Giglio Fashion net of liquidity acquired | - | (1.409) |
| Other intangible assets | (2.918) | 1.956 |
| Increase in investments | (1.650) | - |
| Change in consolidation scope | ||
| Net cash flow absorbed by investing activities | (5.700) | (3.639) |
| Cash flow from financing activities | ||
| Share capital increase | - | - |
| Share premium reserve | - | - |
| Change in Net Equity | (42) | - |
| New financing | 3.700 | 5.018 |
| Change in Debt | 4.122 | (577) |
| Net cash flow absorbed by financing activities | 7.780 | 4.441 |
| Net increase/(decrease) in cash and cash equivalents | 1.650 | 1.067 |
| Cash and cash equivalents at January 1 | 1.450 | 382 |
| Cash and cash equivalents at December 31 | 3.100 | 1.450 |