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InVision AG Interim / Quarterly Report 2021

May 6, 2021

230_10-q_2021-05-06_5ad300a9-8aab-4a67-a1c2-a25c9d99610a.pdf

Interim / Quarterly Report

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Consolidated Interim Statements 3M 2021

Consolidated Interim Financial Statements

of InVision AG as of 31 March 2021

Consolidated Balance Sheet

Consolidated Statement of Comprehensive Income

Consolidated Cash Flow Statement

Consolidated Statement of Equity

Financial Summary

(in TEUR)	3M 2021	3M 2020	∆*
Revenues	3,347	3,114	+7%
EBIT	173	239	-28%
as a % of revenues	5%	8%	-3 PP
Consolidated result	17	33	-48%
as a % of revenues	0%	1%	-1 PP
Operating cash flow	1,969	1,747	+13%
as a % of revenues	59%	56%	+3 PP
Earnings per share (in EUR)	-0.01	0.01	-200%

(in TEUR)	31 March 2021	31 Dec 2020	∆*
Balance sheet total	24,576	22,398	+10%
Liquid funds	9,443	7,791	+21%
Equity	13,430	13,413	+0%
as a % of balance sheet total	55%	60%	-5 PP

Assets	31 Mar 2021	31 Dec 2020
A. Short-term assets
1. Liquid funds	9,442,842	7,790,641
2. Trade receivables	1,751,130	995,322
3. Income tax claims	367,017	366,610
4. Prepaid expenses and other short-term assets	280,213	240,234
Total short-term assets	11,841,202	9,392,807
B. Long-term assets
1. Intangible assets	245,747	246,875
2. Tangible assets	8,522,136	8,572,758
3. Right-of-use assets	1,337,003	1,384,078
4. Deferred taxes	2,621,371	2,793,644
5. Other long-term assets	8,670	8,229
Total long-term assets	12,734,927	13,005,584
Total assets	24,576,129	22,398,391

Equity and liabilities	31 Mar 2021	31 Dec 2020
A. Short-term liabilities
1. Liabilities due to credit institutions	960,000	960,000
2. Leasing liabilities	187,518	186,257
3. Trade payables	238,173	93,978
4. Provisions	156,321	209,104
5. Income tax liabilities	162,663	816,884
6. Customer contract liabilities and other liabilities	3,859,429	849,109
Total short-term liabilities	5,564,104	3,115,332
B. Long-term liabilities
1. Liabilities due to credit institutions	4,320,000	4,560,000
2. Leasing liabilities	1,262,390	1,309,968
Total long-term liabilities	5,582,390	5,869,968
C. Equity
1. Subscribed capital	2,235,000	2,235,000
2. Reserves	1,191,184	1,191,184
3. Equity capital difference from currency translation	-441,501	-486,974
4. Group/consolidated result	10,444,952	10,473,881
Total equity	13,429,635	13,413,091
Total equity and liabilities	24,576,129	22,398,391

	1 Jan - 31 Mar 2021	1 Jan - 31 Mar 2020
1. Revenues	3,346,768	3,113,607
2. Other operating income	4,748	22,640
3. Cost of materials/cost of goods and services purchased	-2,975	0
4. Personnel expenses	-2,375,074	-2,104,285
5. Amortisation/depreciation of intangible and tangible assets	-165,872	-169,120
6. Other operating expenses	-634,624	-624,337
7. Operating result (EBIT)	172,971	238,505
8. Financial result	-24,853	-26,900
9. Currency losses	-5,431	-4,097
10. Result before taxes (EBT)	142,687	207,508
11. Income tax	-171,616	-174,947
12. Consolidated net loss / Consolidated net profit	-28,929	32,561
13. Exchange rate differences from converting foreign financial statements	45,473	492
14. Consolidated result	16,544	33,053
Earnings per share	-0.01	0.01

	1 Jan - 31 Mar 2021	1 Jan - 31 Mar 2020
1. Cash flow from operating activities
Consolidated net loss / Consolidated net profit	-28,929	32,561
+ Depreciation and amortisation of fixed assets	165,872	169,120
-/+ Profits/losses from the disposal of intangible and tangible assets	-1,115	0
-/+ Decrease/increase in provisions	-52,783	-98,480
-/+ Increase/decrease in deferred taxes	172,273	172,029
-/+ Other non-cash income/expenses	10,515	5,353
-/+ Increase/decrease in trade receivables	-755,808	-1,381,444
-/+ Increase/decrease in other assets and prepaid expenses	-40,419	-54,340
+/- Decrease/increase in income tax claims/liabilities	-654,628	-374,467
-/+ Decrease/increase in trade payables	144,195	44,298
-/+ Decrease/increase in other liabilities and customer contract liabilities	3,010,321	3,232,241
Cash flow from operating activities	1,969,494	1,746,871

	1 Jan - 31 Mar 2021	1 Jan - 31 Mar 2020
2. Cash flow from investing activities
- Payments made for investments in tangible assets	-57,235	-18,323
+ Payments received from the disposal of intangible and tangible assets	1,114	0
Cash flow from investing activities	-56,121	-18,323
3. Cash flow from financing activities
+ Additions to long-term financing liabilities	0	5,000,000
- Payments made for redemption of long-term financing liabilities	-240,000	0
- Payments made for redemption of lease liabilities	-46,317	-43,903
Cash flow from financing activities	-286,317	4,956,097
Change in cash and cash equivalents	1,627,056	6,684,645
Effect of foreign exchange rate changes on cash and cash equivalents	25,145	-10,279
Cash and cash equivalents at the beginning of the period	7,790,641	2,615,707
Cash and cash equivalents at the end of the period	9,442,842	9,290,073

	Subscribed capital	Reserves	Equity capital difference from currency translation	Profit/Losses	Equity
31 December 2019	2,235,000	1,191,184	-402,921	10,102,112	13,125,375
Consolidated net profit	0	0	0	371,769	371,769
Exchange rate difference from converting foreign financial statements	0	0	-84,053	0	-84,053
Total of costs and income	0	0	-84,053	371,769	287,716
31 December 2020	2,235,000	1,191,184	-486,974	10,473,881	13,413,091
Consolidated net profit	0	0	0	-28,929	-28,929
Exchange rate difference from converting foreign financial statements	0	0	45,473	0	45,473
Total of costs and income	0	0	45,473	-28,929	16,544
31 March 2021	2,235,000	1,191,184	-441,501	10,444,952	13,429,635