Condensed interim financial report for the six
month period ended 30 June 2023
Value8 NV
Contents | ||
3. | Condensed Statement of Changes in Equity | 6 |
4. | Condensed Cash Flow Statement for the first half year | 7 |
5. | Accounting policies of Value8 NV | 9 |
6. | Private equity investments | 9 |
7. | Listed investments | 12 |
8. | Overview of private equity investments | 14 |
9. | List of listed investments (associates) | 14 |
10. | Equity | 15 |
11. | Loans from related parties | 15 |
12. | Loans from others | 15 |
13. | Income taxes | 15 |
14. | Related Party Transactions | 15 |
15. | Dividend payments to the shareholders of Value8 NV | 15 |
16. | Segmented information | 16 |
17. | Events after the balance date | 16 |
18. | Contingent liabilities | 16 |
19. | Board statement | 16 |
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1. Condensed Statement of Financial Position
(after profit appropriation)
(x € 1,000) | 30-June-2023 | 31-Dec-2022 |
Assets | ||
Fixed assets | ||
Tangible fixed assets | 373 | 434 |
Property investments | 715 | 715 |
Private equity investments | 22,060 | 18,071 |
Loans granted to private equity investments | 1,422 | 1,549 |
Loans granted to listed investments | 10,828 | 10,473 |
Loans granted to others | 322 | 15 |
Options listed investments | 238 | 407 |
Listed investments | 34,317 | 34,504 |
Total fixed assets | 70,275 | 66,168 |
Loans granted to listed investments | - | 410 |
Listed investments | 33,934 | 33,429 |
Receivables and accruals | 76 | 98 |
Cash | 2,121 | 323 |
Total current assets | 36,131 | 34,260 |
Total assets | 106,406 | 100,428 |
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(x € 1,000) | 30-June-2023 | 31-Dec-2022 | |
Equity | |||
Share capital | 3,740 | 3,740 | |
5% Cumulative preference shares | 412 | 412 | |
Share premium | 36,095 | 36,095 | |
Share premium 5% cumulative preference shares | 6,948 | 6,948 | |
Revaluation reserve | 6,418 | 5,829 | |
Other reserves | 36,435 | 41,403 | |
Result | 2,071 | - 2,531 | |
Total equity attributable to shareholders of the company | 92,119 | 91,896 |
Long-term liabilities | ||
Lease and rent liabilities | 215 | 279 |
Other payables | 1,000 | - |
Total long-term liabilities | 1,215 | 279 |
Current liabilities | ||
Current account with credit institutions | 4,315 | 2,421 |
Loans from related parties | 2,202 | 2,179 |
Loans from others | 2,872 | 2,240 |
Lease and rent commitments | 129 | 124 |
Trade and other payables | 3,554 | 1,289 |
Total current liabilities | 13,072 | 8,253 |
Total liabilities | 14,287 | 8,532 |
Total equity and liabilities | 106,406 | 100,428 |
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2. Condensed Income Statement for the first half year
(x € 1,000) | 2023 | 2022* | ||
Operating income | ||||
Fair value changes private equity investments | - | - 812 | ||
Fair value changes listed investments | 1,445 | - 3,959 | ||
Fair value changes options listed investments | - 169 | - | ||
ECL charge loans to private equity investments | - 217 | - 71 | ||
Interest on loans granted to private equity investments | 91 | 119 | ||
Interest on loans granted to listed investments | 295 | 58 | ||
Interest on loans granted to others | 1 | - | ||
Realised results listed investments | - 14 | 989 | ||
Other income (non-recurring) | 135 | - | ||
Dividends | 1,597 | 2,539 | ||
Total operating income | 3,164 | - 1,137 |
Operating costs | ||
Wages, salaries, and payroll taxes | 548 | 496 |
Other operating expenses | 278 | 390 |
Depreciation and amortisation | 61 | 48 |
Total operating expenses | 887 | 934 |
Finance income and finance expenses | ||
Financial expenses | - 206 | - 131 |
Net finance income (expense) | 2,071 | - 131 |
Result before tax | 2,071 | - 2,202 |
Income taxes | - | - |
Result after tax | 2,071 | - 2,202 |
*2022: 31 December 2021 - 30 June 2022
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Disclaimer
Value8 NV published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 20:47:39 UTC.