Separate financial statements

Statement of financial position (1/2)

(in Euros) NOTE 30/09/2020 30/09/2019 DIFFERENCE
INTANGIBLE ASSETS 5.1 35,404,384 36,653,870 (1,249,486)
PROPERTY, PLANT AND EQUIPMENT 5.2 10,734,922 5,625,403 5,109,519
EQUITY INVESTMENTS 5.3 42,373,770 44,612,009 (2,238,239)
DEFERRED TAX ASSETS 5.4 2,263,506 2,837,664 (574,158)
OTHER NON-CURRENT ASSETS 5.5 1,193,787 1,172,239 21,548
OTHER NON-CURRENT ASSETS 5.6 205,993 205,993 -
TOTAL NON-CURRENT ASSETS 92,176,362 91,107,178 1,069,184
INVENTORIES 5.7 41,263,976 33,776,700 7,478,276
CONTRACT ASSETS 5.8 4,590,993 4,684,301 (93,308)
TRADE RECEIVABLES 5.9 16,632,055 15,593,268 1,038,787
CURRENT LOANS AND RECEIVABLES – RELATED PARTIES 5.10 1,327,482 2,365,163 (1,037,681)
TAX ASSETS 5.11 - 509,741 (509,741)
OTHER CURRENT ASSETS 5.12 3,722,446 4,121,819 (399,373)
CASH AND CASH EQUIVALENTS 5.13 15,913,749 7,613,171 8,300,578
ASSETS CLASSIFIED AS HELD FOR SALE AND DIRECTLY ASSOCIATED LIABILITIES 7 - - -
TOTAL CURRENT ASSETS 83,450,701 68,664,163 14,786,538
TOTAL ASSETS 175,627,063 159,771,341 15,855,722

Statement of financial position (2/2)

(in Euros) NOTE 30/09/2020 30/09/2019 DIFFERENCE
SHARE CAPITAL 13,138,000 13,138,000 -
SHARE PREMIUM RESERVE 5,563,684 5,563,684 -
OTHER RESERVES 41,039,042 38,539,677 2,499,365
PROFIT FOR THE YEAR 4,815,999 2,483,207 2,332,792
EQUITY 64,556,725 59,724,568 4,832,157
TOTAL EQUITY 0 64,556,725 59,724,568 4,832,157
EMPLOYEE BENEFITS – POST-EMPLOYMENT BENEFITS 5.15 1,065,194 1,125,414 (60,220)
PROVISIONS 5.16 1,725,282 2,752,961 (1,027,679)
DEFERRED TAX LIABILITIES 5.17 5,523,065 5,848,288 (325,223)
LOANS AND BORROWINGS NON-CURRENT LOANS AND BORROWINGS 5.18 25,282,205 20,947,979 4,334,226
LOANS AND BORROWINGS 5.18 - - -
OTHER NON-CURRENT LIABILITIES 5.19 18,349,405 18,354,841 (5,436)
TOTAL NON-CURRENT LIABILITIES 51,945,151 49,029,483 2,915,668
ADVANCES FROM CUSTOMERS 5.20 2,844,620 1,642,580 1,202,040
LOANS AND BORROWINGS 5.18 14,712,661 11,311,680 3,400,981
LOANS AND BORROWINGS 5.18 - - -
TRADE PAYABLES 5.21 29,847,733 24,236,853 5,610,880
CURRENT FINANCIAL LIABILITIES – RELATED PARTIES 5.22 4,643,293 5,000,087 (356,794)
TAX LIABILITIES 5.23 786,215 1,685,005 (898,790)
OTHER CURRENT LIABILITIES 5.24 4,966,910 5,250,983 (284,073)
CONTRACT LIABILITIES 5.25 1,323,755 1,890,102 (566,347)
LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE 7 - -
TOTAL CURRENT LIABILITIES 59,125,187 51,017,290 8,107,897
TOTAL LIABILITIES 111,070,338 100,046,773 11,023,565
TOTAL EQUITY AND LIABILITIES 175,627,063 159,771,341 15,855,722

Statement of profit or loss and other comprehensive income

(in Euros) NOTE 2019/20 2018/19
NET REVENUE 6.1 96,790,609 93,357,936
REVENUE FROM CONTRACTS WITH CUSTOMERS 6.2 (93,308) (342,492)
NET REVENUE – RELATED PARTIES 6.3 1,801,941 2,804,799
OTHER REVENUE AND INCOME 6.4 245,172 407,591
OTHER REVENUE AND INCOME – RELATED PARTIES 6.5 23,000 200,000
VARIATION IN FINISHED PRODUCTS, WORK IN PROGRESS AND SEMI-FINISHED PRODUCTS 0 3,856,494 1,005,388
INCREASE IN INTERNAL WORK CAPITALISED 6.7 3,384,040 5,123,550
RAW MATERIALS, CONSUMABLES AND SUPPLIES 6.8 (32,673,218) (34,149,810)
RAW MATERIALS, CONSUMABLES AND SUPPLIES – RELATED PARTIES 6.9 (2,141,035) (2,161,592)
SERVICES 6.10 (30,565,924) (27,362,611)
SERVICES – RELATED PARTIES 6.11 (3,732,756) (3,836,662)
USE OF THIRD PARTY ASSETS 6.12 (491,090) (778,634)
USE OF RELATED PARTY ASSETS 6.13 (155,000) (1,533,793)
PERSONNEL EXPENSE 6.14 (22,531,169) (20,931,641)
AMORTISATION, DEPRECIATION, ACCRUALS AND IMPAIRMENT LOSSES 6.15 (8,512,761) (5,299,046)
OTHER OPERATING COSTS 6.16 (722,085) (752,809)
OTHER OPERATING COSTS – RELATED PARTIES - - -
OPERATING PROFIT 4,482,910 5,750,174
FINANCIAL INCOME 6.17 4,257,745 628,138
FINANCIAL INCOME – RELATED PARTIES 6.17 4,596 13,220
FINANCIAL EXPENSE 6.17 (2,030,854) (1,864,938)
FINANCIAL EXPENSE – RELATED PARTIES 6.17 - -
PROFIT BEFORE TAX 6,714,397 4,526,594
INCOME TAXES 6.18 (1,898,398) (2,043,387)
PROFIT FOR THE YEAR 4,815,999 2,483,207
EARNINGS PER SHARE (BASIC AND DILUTED) 6.19 0.36666 0.189
OTHER COMPREHENSIVE INCOME THAT WILL BE SUBSEQUENTLY RECLASSIFIED TO PROFIT OR LOSS - -
OTHER COMPREHENSIVE INCOME (EXPENSE) THAT WILL NOT BE SUBSEQUENTLY RECLASSIFIED TO PROFIT OR LOSS: 16,158 (87,173)
IAS 19 EFFECT RECOGNISED DIRECTLY IN EQUITY 5.15 16,158 (87,173)
OTHER COMPREHENSIVE INCOME (EXPENSE), NET OF INCOME TAXES 16,158 (87,173)
TOTAL COMPREHENSIVE INCOME 4,832,157 2,396,034

Statement of cash flows

(in Euros) NOTE 2019/20 2018/19
A OPENING NET CASH AND CASH EQUIVALENTS 7.1 7,613,171 12,213,234
PROFIT FOR THE YEAR 4,815,999 2,483,207
INCOME TAXES 6.18 1,898,398 2,043,387
AMORTISATION, DEPRECIATION AND IMPAIRMENT LOSSES 6.15 8,512,761 5,299,046
FINANCIAL EXPENSE 6.17 1,966,841 1,864,938
VARIATION IN NET WORKING CAPITAL (1,601,078) 4,634,906
NET VARIATION IN EMPLOYEE BENEFITS – POST-EMPLOYMENT BENEFITS 5.15 (44,062) (114,733)
NET VARIATION IN PROVISIONS 5.16 (39,515) (246,038)
B GROSS CASH FLOWS FROM OPERATING ACTIVITIES 15,509,344 15,964,713
CURRENT TAXES 6.18 (1,827,429) (899,787)
FINANCIAL EXPENSE PAID 6.17 (2,030,854) (1,864,938)
C NET CASH FLOWS FROM OPERATING ACTIVITIES 22,239,033 13,199,988
NET INVESTMENTS IN NON-CURRENT ASSETS
- INTANGIBLE ASSETS 5.1 (3,316,371) (5,316,444)
- PROPERTY, PLANT AND EQUIPMENT 5.2 (6,104,460) (2,770,497)
- FINANCIAL ASSETS 5.3 357,487 (357,487)
- OTHER INVESTING ACTIVITIES 5.5/5.6 (21,548) (21,723)
- ASSETS/LIABILITIES HELD FOR SALE 7 - -
D CASH FLOWS USED IN INVESTING ACTIVITIES (9,084,892) (8,446,151)
VARIATION IN CURRENT LOANS AND BORROWINGS – new loans 5.18 323,813 724,476
VARIATION IN CURRENT LOANS AND BORROWINGS – settlements 5.18 (11,311,680) (16,401,453)
VARIATION IN NON-CURRENT LOANS AND BORROWINGS – new loans 5.18 18,360,014 10,619,370
VARIATION IN NON-CURRENT LOANS AND BORROWINGS – settlements 5.18 (800,672) (3,635,983)
LEASE PAYMENTS (1,424,713) -
VARIATION IN OTHER NON-CURRENT LIABILITIES 5.19 587,647 (640,310)
SHARE CAPITAL INCREASE 0 - -
IAS 19 EFFECT RECOGNISED DIRECTLY IN EQUITY 5.15 - -
E CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 5,734,409 (9,333,900)
F CASH FLOWS OF THE YEAR 8,300,578 (4,600,063)
G CLOSING NET CASH AND CASH EQUIVALENTS 7.1 15,913,749 7,613,171

Statement of changes in equity

(in Euros) SHARE CAPITAL SHARE PREMIUM RESERVE OTHER RESERVES PROFIT FOR THE YEAR EQUITY
EQUITY AT 30/09/2018 13,138,000 5,563,684 37,990,397 636,453 57,328,534
ALLOCATION OF PROFIT - - 636,453 (636,453) -
CAPITAL INJECTIONS - - - - -
IAS 19 AND IAS 39 EFFECT RECOGNISED IN EQUITY - - (87,173) - (87,173)
ROUNDING RESERVE - - - - -
PROFIT FOR THE YEAR - - - 2,483,207 2,483,207
EQUITY AT 30/09/2019 13,138,000 5,563,684 38,539,677 2,483,207 59,724,568
ALLOCATION OF PROFIT - - 2,483,207 (2,483,207) -
CAPITAL INJECTIONS - - - - -
IAS 19 AND IAS 39 EFFECT RECOGNISED IN EQUITY - - 16,158 - 16,158
ROUNDING RESERVE - - - - -
PROFIT FOR THE YEAR - - - 4,815,999 4,815,999
EQUITY AT 30/09/2020 13,138,000 5,563,684 41,039,042 4,815,999 64,556,725