Consolidated financial statements as of June 30th, 2022
Digital Bros S.p.A.
Via Tortona, 37 - 20144 Milan, Italy
VAT number IT095
Share capital: Euro 6,024,334.80 of which Euro 5,706,014.80 subscribed Milan Companies House No. 290680-Vol. 7394 Chamber of Commerce number 1302132
This report is available in the Investor Relations section of the Company's website atwww.digitalbros.com
Please consider that this is an Italian to English translation and that the Italian version shall always
prevail in case of any discrepancy or inconsistency
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Digital Bros Group Consolidated financial statements as of June 30th, 2022
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Index | ||
DIRECTORS' REPORT ............................................................................................................ | 7 | |
1. | Group organization............................................................................................................ | 7 |
2. | The videogames market .................................................................................................. | 11 |
3. | Alternative performance ratios........................................................................................ | 13 |
4. | Seasonality effects........................................................................................................... | 13 |
5. | Significant events during the reporting period................................................................ | 14 |
6. | Consolidated profit and loss statement for the period ended June 30th, 2022 ................. | 17 |
7. | Consolidated balance sheet as of June 30th, 2022 ........................................................... | 21 |
8. | Financial ratios ................................................................................................................ | 23 |
9. | Segment reporting ........................................................................................................... | 24 |
10. | Intercompany and related party transaction and atypical/unusual transactions .............. | 37 |
11. | Treasury shares................................................................................................................ | 39 |
12. | Research and development.............................................................................................. | 39 |
13. | Operational risks, financial risks and financial instruments............................................ | 39 |
14. | Contingent assets and liabilities ...................................................................................... | 44 |
15. | Subsequent events ........................................................................................................... | 44 |
16. | Business outlook ............................................................................................................. | 45 |
17. | Other information............................................................................................................ | 46 |
18. | Disclosure of non-financial information ......................................................................... | 47 |
19. | Corporate governance and ownership structure report.................................................... | 47 |
20. | Remuneration policy and fees paid report....................................................................... | 47 |
Consolidated financial statements as of June 30th, 2022........................................................ | 48 | |
Consolidated balance sheet as of June 30th, 2022 ....................................................................... | 50 | |
Consolidated profit and loss statement for the period ended June 30th, 2022 ............................. | 51 | |
Consolidated comprehensive income statement as of June 30th, 2022........................................ | 52 | |
Consolidated cash flow statement as of June 30th, 2022 ............................................................. | 53 | |
Consolidated statement of changes in equity as of June 30th, 2022 ............................................ | 54 | |
Consolidated profit and loss statement for the period ended June 30th, 2022 prepared in accordance | ||
with CONSOB Resolution no. 15519 of July 27th, 2006 ............................................................ | 55 | |
Consolidated balance sheet as of June 30th, 2022 prepared in accordance with CONSOB | ||
Resolution no. 15519 of July 27th, 2006...................................................................................... | 56 | |
Consolidated profit and loss statement for the period ended June 30th, 2022 prepared in accordance | ||
with CONSOB Resolution no. 15519 of July 27th, 2006 ............................................................ | 57 |
Digital Bros Group Consolidated financial statements as of June 30th, 2022
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Notes to the consolidated financial statements as of June 30th, 2022.................................... | 59 | |
1. | Content and other general information............................................................................ | 60 |
2. | Accounting policies......................................................................................................... | 62 |
3. | Discretionary items and significant estimates ................................................................. | 81 |
4. | Consolidation criteria ...................................................................................................... | 83 |
5. | Investments in joint-ventures and associated companies ................................................ | 85 |
6. | Business combinations .................................................................................................... | 85 |
7. Reconciliation of consolidated profit for the year and net equity to those of parent
company ...................................................................................................................................... | 87 | |
8. | Consolidated balance sheet as of June 30th, 2022 ........................................................... | 89 |
9. | Consolidated profit and loss statement for the period ended June 30th, 2022 ............... | 107 |
10. | Financial instruments and financial risk management (IFRS 7) ................................... | 114 |
11. | Non-recurring items ...................................................................................................... | 123 |
12. | Information by operating segment ................................................................................ | 123 |
13. | Related party transactions ............................................................................................. | 131 |
14. | Atypical or unusual transactions ................................................................................... | 132 |
15. | Asset revaluation........................................................................................................... | 132 |
16. | Loans granted to executives and supervisory bodies .................................................... | 132 |
17. | Audit fees ...................................................................................................................... | 133 |
Statement pursuant to art. 154- bis (5) of the T.U.F. ................................................................ | 134 |
Digital Bros Group Consolidated financial statements as of June 30th, 2022
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Board of Directors and Corporate Governance Structure
Member | Office | Control and Risk | Remuneration | Nomination |
Committee | Committee | Committee | ||
Sylvia Anna Bartyan | Independent | M | M | M |
director | ||||
Lidia Florean | Non-executive | |||
director | ||||
Abramo Galante | President and | |||
CEO | ||||
Davide Galante | Non-executive | |||
director | ||||
Raffaele Galante | CEO | |||
Susanna Pedretti | Independent | M | P | M |
director | ||||
Stefano Salbe (1) | Executive | |||
director | ||||
Laura Soifer (2) | Independent | P | M | M |
director | ||||
Dario Treves | Executive | |||
director | ||||
- President of the Committee
- Member of the Committee
- Financial reporting manager pursuant to Art. 154 bis of Legislative Decree 58/98
- Lead Independent Director
Board of Statutory Auditors | |
Gianfranco Corrao | Statutory Auditor |
Carlo Hassan | Chairman |
Maria Pia Maspes | Statutory Auditor |
Daniela Delfrate | Substitute Statutory Auditor |
Stefano Spiniello | Substitute Statutory Auditor |
The Shareholders' Meeting held on October 28th, 2020 appointed the Board of Directors and Board of
Statutory Auditors. The terms of the Directors and the Statutory Auditors will expire on the Shareholders'
Meeting which will approve the financial statements as of June 30th, 2023.
On October 28th, 2020, the Shareholders' Meeting appointed Abramo Galante as Chairman of the Board of Directors. On the same date, the Board of Directors appointed Abramo Galante and Raffaele Galante as Chief Executive Officers. The Chief Executive Officers received appropriate powers of attorney.
On August 7th, 2007, the Board of Directors appointed the Executive Director Stefano Salbe as Financial Reporting Manager pursuant to Art. 154 bis of Legislative Decree 58/98 with appropriate powers.
Digital Bros Group Consolidated financial statements as of June 30th, 2022
5
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Digital Bros S.p.A. published this content on 25 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2022 17:36:19 UTC.