Innofactor Plc — Annual Report (ESEF) 2021

Mar 10, 2022

Innofactor Group Parent Innofactor Plc

Group: Innofactor
Address: Keilaranta 9
Domicile of entity: Espoo, Finland
Y-id: 0686163-7
LEI: 7437008OSKQFEDZYD835

Explanation of change in name of reporting entity or other means of identification from end of preceding reporting period: No
Legal form of entity: PLC
Country of incorporation: Finland
Principal place of business: Espoo
C50: Name of parent entity: Innofactor Plc

Comprehensive Consolidated Profit and Loss Statement, IFRS

EUR thousand

	1.1.2021-31.12.2021	1.1.2020-31.12.2020
Net sales	66 364	66 164
Other operating income	2 681	282
Materials and services	-8 874	-6 214
Employee benefits/expenses	-43 453	-43 551
Depreciation	-3 592	-4 663
Other operating expenses	-6 607	-9 517
Operating profit	6 519	2 501
Financial income	359	1 329
Financial expenses	-1 148	-1 780
Profit before taxes	5 730	2 050
Income taxes	-1 226	-288
Profit/loss for the period	4 504	1 762
Other comprehensive income
Items that may be later recognized in profit or loss:
Exchange differences	97	-462
Total comprehensive income	4 601	1 300

Distribution of the profit and comprehensive income:
To shareholders of the parent company: 4 601 1 300

Earnings per share calculated from the profit attributable to equity holders of the parent:
basic earnings per share (EUR): 0,1208 0,0471
diluted earnings per share (EUR): 0,1208 0,0471

Consolidated Balance Sheet, IFRS

ASSETS
EUR thousand

	31.12.2021	31.12.2020
Non-current assets
Other tangible assets	535	473
Buildings and structures	3 166	3 865
Goodwill	26 393	26 531
Other intangible assets	633	2 084
Shares and holdings	5	5
Non-current assets	129	245
Deferred tax assets	4 830	6 413
Total non-current assets	35 691	39 616
Current assets
Trade and other receivables	13 403	13 925
Cash and cash equivalents	1 963	3 066
Total current assets	15 366	16 991
TOTAL ASSETS	51 057	56 607

SHAREHOLDERS’ EQUITY AND LIABILITIES
EUR thousand

	31.12.2021	31.12.2020
Equity attributable to the shareholders of the parent company
Share capital	2 100	2 100
Share premium reserve	72	72
Reserve fund	59	59
Fund for invested unrestricted equity	20 174	20 921
Treasury shares	-1 146	0
Retained earnings	992	-22
Exchange differences	-1 351	-1 448
Profit/loss for the financial period	4 504	1 762
Total shareholders’ equity	25 404	23 444
Non-current liabilities
Loans from financial institutions	4 683	8 890
Lease liabilities	1 658	2 218
Deferred tax liabilities	1 487	1 824
Total non-current liabilities	7 828	12 932
Current liabilities
Loans from financial institutions	1 873	2 540
Lease liabilities	1 603	1 738
Deferred tax liabilities	14 349	15 953
Total current liabilities	17 825	20 231
Total liabilities	25 653	33 163
Total shareholders’ equity and liabilities	51 057	56 607

Consolidated cash flow statement, IFRS

EUR thousand

	Share capital	Share premium reserve	Reserve fund	Fund for invested unrestricted equity	Own share	Retained earnings	Exchange differences	Total shareholders equity
Shareholders' equity Jan 1, 2021	2 100	72	59	20 921	0	1 740	-1 448	23 444
Comprehensive income
Result for the financial period						4 504		4 504
Other comprehensive income:
Exchange differences							97	97
Total comprehensive income						4 504	97	4 601
Dividend distribution								-748
Repayment of capital								-747
Purchase of own shares					-1 146			-1 146
Shareholders' equity Dec 31, 2021	2 100	72	59	20 174	-1 146	5 496	-1 351	25 404

Tuhatta euroa

	Share capital	Share premium reserve	Reserve fund	Fund for invested unrestricted equity	Own share	Retained earnings	Exchange differences	Total shareholders equity
Shareholders' equity Jan 1, 2020	2 100	72	59	20 921	0	-22	-986	22 144
Comprehensive income
Result for the financial period						1 762		1 762
Other comprehensive income:
Exchange differences							-462	-462
Total comprehensive income						1 762	-462	1 300
Shareholders' equity Dec 31, 2020	2 100	72	59	20 921	0	1 740	-1 448	23 444

Consolidated cash flow statement, IFRS

EUR thousand

	1.1.– 31.12.2021	1.1.– 31.12.2020
Cash flow from operating activities
Operating Profit	6 519	2 501
Other transactions with no related cash flow:	-108	-683
Depreciation	3 592	4 663
Changes in working capital:
Change in non-interest-bearing current receivables	479	-9
Change in non-interest-bearing current liabilities	-1 204	-813
Interest paid	6	430
Interest received	-430	-682
Taxes paid	0	-10
Net cash flow from operating activities	8 854	5 010
Investment cash flow
Acquisition of subsidiaries	0	-97
Investments in intangible and tangible assets	-402	-311
Other receivables	-400	0
Change in loan receivables	159	319
Net cash flow from investments	-643	-89
Cash flow from financing
Loans withdrawn	0	3 000
Loans paid	-4 872	-3 972
Lease liability payments	-1 800	-1 846
Share issue	-1 496	0
Purchase of treasury shares	-1 146	0
Net cash flow from financing	-9 314	-2 818
Change in cash and cash equivalents	-1 103	2 103
Cash and cash equivalents, opening balance	3 066	963
Cash and cash equivalents, closing balance	1 963	3 066