MABION S.A. CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2023
MABION S.A.
CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS
ENDED 30 JUNE 2023
Konstantynów Łódzki, 12 September 2023
MABION S.A. CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2023
CONDENSED INTERIM STATEMENT
OF COMPREHENSIVE INCOME
1 April 2023 | 1 January 2023 | 1 April 2022 | 1 January 2022 | ||
in PLN thousand, unless otherwise indicated | Notes | - 30 June 2023 | - 30 June 2023 | - 30 June 2022 | - 30 June 2022 |
(not reviewed) | (not audited) | (not reviewed) | (not audited) | ||
Income from sales | 7 | 34,301 | 72,457 | 17,537 | 39,816 |
Income from settling the purchase of materials | 7 | 628 | 856 | 24,950 | 39,465 |
Lease income | 7 | 1,100 | 2,261 | 1,426 | 3,272 |
Total income | 36,030 | 75,575 | 43,913 | 82,553 | |
Cost of sales | 7 | (7,968) | (16,826) | (8,305) | (15,609) |
Own cost of purchased materials | 7 | (628) | (857) | (24,950) | (39,465) |
Total costs | (8,596) | (17,683) | (33,255) | (55,074) | |
Gross profit on sales | 27,433 | 57,892 | 10,658 | 27,479 | |
Research and development costs | 8 | (1,693) | (3,782) | (2,966) | (4,845) |
General administration costs | 8 | (8,459) | (18,883) | (5,069) | (12,917) |
Other operating income | 10 | 219 | 311 | 871 | 1,795 |
Other operating costs | 10 | (25) | (26) | (399) | (1,316) |
Operating profit | 17,475 | 35,512 | 3,095 | 10,197 | |
Financial income | 11 | 212 | 431 | 2,560 | 3,520 |
Financial costs | 11 | (2,443) | (4,229) | (536) | (1,156) |
Gross profit | 15,244 | 31,714 | 5,118 | 12,560 | |
Income tax | - | - | - | - | |
NET PROFIT | 15,244 | 31,714 | 5,118 | 12,560 | |
Other comprehensive income | - | - | - | - | |
TOTAL COMPREHENSIVE INCOME | 15,244 | 31,714 | 5,118 | 12,560 | |
Basic and diluted loss per share (in PLN per share) | 0.94 | 1.96 | 0.32 | 0.78 | |
The explanatory notes presented on pages 5 to 27 are an integral part of these condensed interim financial statements.
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MABION S.A. CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2023
CONDENSED INTERIM STATEMENT
OF FINANCIAL POSITION
in PLN thousand | Notes | 30 June 2023 | 31 December 2022 |
(not audited) | |||
Intangible assets | 12b) | 771 | 741 |
Property, plant and equipment | 12a) | 92,928 | 89,720 |
Long-term receivables | 14 | 259 | 220 |
Deferred tax asset | 22 | 13,310 | 13,310 |
Total fixed assets | 107,268 | 103,991 | |
Inventories | 13 | 7,639 | 8,477 |
Trade receivables | 14 | 2,916 | 7,746 |
Other receivables | 14 | 11,130 | 6,522 |
Prepayments and accrued income | 15 | 7,301 | 5,801 |
Cash and cash equivalents | 38,468 | 53,638 | |
Total current assets | 67,455 | 82,184 | |
TOTAL ASSETS | 174,724 | 186,175 | |
Share capital | 16a) | 1,616 | 1,616 |
Share premium | 237,443 | 237,443 | |
Supplementary capital | 16a) | 23,192 | - |
Accumulated losses | (154,030) | (162,552) | |
Total equity | 108,221 | 76,507 | |
Deferred income from grants | 16b) | 31,059 | 31,172 |
Loans and borrowings | 19 | 299 | 377 |
Lease | 20 | 3,277 | 3,816 |
Total long-term liabilities | 34,635 | 35,365 | |
Repayable advances on distribution rights | 18 | 1,731 | 1,824 |
Trade liabilities | 21 | 3,532 | 12,812 |
Other liabilities | 21 | 3,432 | 3,250 |
Provisions | 21 | 6,093 | 3,349 |
Loans and borrowings | 19 | 135 | 136 |
Deferred income from grants | 16b) | 230 | 228 |
Other deferred income | 16c) | 59 | 69 |
Liabilities arising from the implementation of agreements | 17 | 14,616 | 49,684 |
Lease prepayments | 17 | 334 | 1,105 |
Lease | 20 | 1,705 | 1,846 |
Total short-term liabilities | 31,868 | 74,303 | |
TOTAL LIABILITIES | 66,503 | 109,668 | |
TOTAL LIABILITIES AND EQUITY | 174,724 | 186,175 | |
The explanatory notes presented on pages 5 to 27 are an integral part of these condensed interim financial statements.
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MABION S.A. CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2023
CONDENSED INTERIM CASH
FLOW STATEMENT
1 January 2023 | 1 January 2022 | ||
in PLN thousand | Notes | - 30 June 2023 | - 30 June 2022 |
(not audited) | (not audited) | ||
Net profit | 31,714 | 12,560 | |
Adjustments for items: | |||
Depreciation and amortisation | 8 | 3,509 | 5,057 |
Interest income | 11 | (395) | (79) |
Interest costs | 11 | 418 | 817 |
Income from grants | 10 | (114) | (635) |
Costs of the share-based incentive scheme | - | 2 | |
Lease payment measurement | (619) | (789) | |
Change in assets and liabilities: | |||
Change in inventories | 13 | 838 | 1,357 |
Change in trade and other receivables | 14 | 221 | 1,207 |
Change in prepayments and accrued income | 15 | (1,501) | 982 |
Change in trade and other liabilities | 21 | (41,130) | (47,069) |
Change in deferred income | 16 | (8) | 78 |
Change in repayable advances on distribution rights | 18 | (93) | 31 |
Change in other financial liabilities | (189) | 5,135 | |
Cash flows from operating activities | (7,349) | (21,345) | |
Proceeds from grants | - | 1,540 | |
Interest received | 11 | 395 | 79 |
Interest paid | 11 | (418) | (817) |
Net cash flows from operating activities | (7,372) | (20,543) | |
Disposal of property, plant and equipment | - | 525 | |
Acquisition of property, plant and equipment and intangible assets | 12 | (6,665) | (4,603) |
Net cash flows from investing activities | (6,665) | (4,078) | |
Proceeds from borrowings | - | (1) | |
Repayment of borrowings | 19 | (78) | (401) |
Repayment of lease principal | 20 | (1,055) | (1,385) |
Net cash flows from financing activities | (1,133) | (1,787) | |
Net decrease in cash and cash equivalents | (15,170) | (26,408) | |
Cash and cash equivalents - opening balance | 53,638 | 48,707 | |
Cash and cash equivalents - closing balance | 38,468 | 22,299 | |
The explanatory notes presented on pages 5 to 27 are an integral part of these condensed interim financial statements.
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MABION S.A. CONDENSED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2023
CONDENSED INTERIM STATEMENT
OF CHANGES IN EQUITY
in PLN thousand | Share | Share | Supplementary | Other | Cumulative | Total |
capital | premium | capital | reserves | losses | equity | |
As at 1 January 2022 | 1,616 | 237,443 | - | 731 | (186,477) | 53,313 |
Net profit / total comprehensive income | - | - | - | - | 12,560 | 12,560 |
Measurement of the incentive scheme | - | - | - | 2 | - | 2 |
based on shares | ||||||
Closure of the share-based incentive scheme | - | - | - | - | - | - |
As at 30 June 2022 (not audited) | 1,616 | 237,443 | - | 733 | (173,917) | 65,875 |
As at 1 January 2023 | 1,616 | 237,443 | - | - | (162,552) | 76,506 |
Net profit / total comprehensive income | - | - | - | - | 31,714 | 31,714 |
Carry-forward of net profit for 2022 | - | - | 23,192 | - | (23,192) | - |
As at 30 June 2023 (not audited) | 1,616 | 237,443 | 23,192 | - | (154,030) | 108,220 |
The explanatory notes presented on pages 5 to 27 are an integral part of these condensed interim financial statements.
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Mabion SA published this content on 12 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 14:19:06 UTC.