Consolidated financial statements as at and for the year ended 30 September 2019

STATEMENT OF FINANCIAL POSITION (1/2)

(in thousands of Euros)

NOTE 30.09.2019 30.09.2018 DIFFERENCE
INTANGIBLE ASSETS 6.1 40.710 40.298 412
PROPERTY, PLANT AND EQUIPMENT 6.2 18.461 15.928 2.533
EQUITY INVESTMENTS 6.3 3 3 -
DEFERRED TAX ASSETS 6.4 8.084 5.715 2.369
OTHER NON-CURRENT ASSETS 6.5 1.206 1.173 33
"OTHER NON-CURRENT ASSETS – RELATED PARTIES" 6.6 205 205 -
TOTAL NON-CURRENT ASSETS 68.669 63.322 5.347
INVENTORIES 6.7 50.648 47.470 3.178
CONTRACT ASSETS 6.8 4.684 5.220 (536)
TRADE RECEIVABLES 6.9 25.109 23.483 1.626
CURRENT LOANS AND RECEIVABLES – RELATED PARTIES 6.10 13 26 (13)
TAX ASSETS 6.11 520 520 -
OTHER CURRENT ASSETS 6.12 4.836 5.181 (345)
CURRENT FINANCIAL ASSETS 6.13 929 - 929
CASH AND CASH EQUIVALENTS 6.14 10.449 16.071 (5.622)
ASSETS CLASSIFIED AS HELD FOR SALE AND DIRECTLY ASSOCIATED LIABILITIES
8 - - -
TOTAL CURRENT ASSETS 97.188 97.971 (783)
TOTAL ASSETS 165.857 161.293 4.564

STATEMENT OF FINANCIAL POSITION (2/2)

NOTE 30/09/2019 30/09/2018 DIFFERENCE
SHARE CAPITAL 13.138 13.138 -
SHARE PREMIUM RESERVE 5.564 5.564 -
OTHER RESERVES 38.755 34.435 4.320
PROFIT FOR THE YEAR 5.648 2.698 2.950
EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT 63.105 55.835 7.270
SHARE CAPITAL AND RESERVES ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 467 465 2
PROFIT FOR THE YEAR ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 1 2 (1)
SHARE CAPITAL AND RESERVES ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 468 467 1
TOTAL EQUITY 6.15 63.573 56.302 7.271
EMPLOYEE BENEFITS – POST-EMPLOYMENT BENEFITS 6.16 1.143 1.153 (10)
PROVISIONS 6.17 2.753 2.682 71
DEFERRED TAX LIABILITIES 6.18 5.870 6.377 (507)
NON-CURRENT LOANS AND BORROWINGS 6.19 22.651 25.421 (2.770)
NON-CURRENT LOANS AND BORROWINGS – RELATED PARTIES 6.19 - - -
OTHER NON-CURRENT LIABILITIES 6.20 18.355 19.571 (1.216)
TOTAL NON-CURRENT LIABILITIES 50.772 55.204
ADVANCES FROM CUSTOMERS 6.21 1.652 947 705
CURRENT LOANS AND BORROWINGS 6.19 11.663 16.761 (5.098)
CURRENT LOANS AND BORROWINGS – RELATED PARTIES 6.19 - - -
TRADE PAYABLES 6.22 27.766 25.156 2.610
CURRENT FINANCIAL LIABILITIES – RELATED PARTIES 6.23 - 139 (139)
TAX LIABILITIES 6.24 1.898 1.071 827
OTHER CURRENT LIABILITIES 6.25 6.643 5.585 1.058
CONTRACT LIABILITIES 6.26 1.890 128 1.76
LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE 8 - - -
TOTAL CURRENT LIABILITIES 51.512 49.787 1.725
TOTAL LIABILITIES 102.284 104.991 (2.707)
TOTAL EQUITY AND LIABILITIES 165.857 161.293 4.564

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

(in thousands of Euros)

NOTE 2018/19 2017/2018
NET REVENUE 7.1 129.154 97.363
REVENUE FROM CONTRACTS WITH CUSTOMERS 7.2 (342) 2.127
OTHER REVENUE AND INCOME 7.3 736 1.266
OTHER REVENUE AND INCOME – RELATED PARTIES 7.3 20 20
VARIATION IN FINISHED PRODUCTS, WORK IN PROGRESS AND SEMI-FINISHED PRODUCTS 7.4 1.667 2.654
INCREASE IN INTERNAL WORK CAPITALISED 7.5 5.124 6.465
RAW MATERIALS, CONSUMABLES AND SUPPLIES 7.6 (49.311) (39.048)
SERVICES 7.7 (35.613) (28.808)
USE OF THIRD PARTY ASSETS 7.8 (1.560) (1.484)
USE OF RELATED PARTY ASSETS 7.9 (1.379) (1.377)
PERSONNEL EXPENSE 7.10 (32.767) (28.824)
AMORTISATION, DEPRECIATION, ACCRUALS AND IMPAIRMENT LOSSES 7.11 (7.311) (5.202)
OTHER OPERATING COSTS 7.12 (1.431) (1.160)
OPERATING PROFIT 6.987 3.992
FINANCIAL INCOME 7.13 711 529
FINANCIAL EXPENSE 7.13 (2.103) (1.641)
PROFIT BEFORE TAX 5.595 2.880
INCOME TAXES 7.14 54 (180)
PROFIT FOR THE YEAR 5.649 2.700
– ATTRIBUTABLE TO THE OWNERS OF THE PARENT 5.648 2.698
– ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 1 2
EARNINGS PER SHARE (BASIC AND DILUTED) 7.15 0,43 0,21
OTHER COMPREHENSIVE INCOME (EXPENSE) THAT WILL BE SUBSEQUENTLY RECLASSIFIED TO PROFIT OR LOSS:
NET EXCHANGE GAINS (LOSSES) ON THE TRANSLATION OF FOREIGN OPERATIONS 6.15 1.709 (666)
OTHER COMPREHENSIVE INCOME (EXPENSE) THAT WILL NOT BE SUBSEQUENTLY RECLASSIFIED TO PROFIT OR LOSS
IAS 19 EFFECT RECOGNISED DIRECTLY IN EQUITY 6.15 (87) 18
RELATED TAX - -
"OTHER COMPREHENSIVE INCOME (EXPENSE) NET OF TAX" 1.622 (648)
COMPREHENSIVE INCOME 7.271 2.052
– ATTRIBUTABLE TO THE OWNERS OF THE PARENT 7.270 2.050
– ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 1 (2)