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Financial information

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Key figures (IFRS)

(EUR 1,000 or %)

2018

2017

2016 *

Net sales 10,047 8,942 8,634
Growth of net sales, %    12.4   -8.5
Operating result 521 -110 761
- percent of net sales   5.2 -1.2 8.8
Result before tax    335 -148 710
Result for the period 320 -294 568
- percent of net sales  3.2 -3.3 6.6
Cash and cash equivalents 505 318 565
Gearing, % -17.6 -11.6 -17.4
Earnings per Share, EUR 0.027 -0.025 0.047
Equity per Share, EUR 0.231 0.220 0.261
Equity Ratio, %   48.6 48.2 46.3
Return on Investment (p.a.), %      18.9 -3.3 24.6
Dividend, €/share 0.000 0.030 0.030

 

 

Consolidated Comprehensive Income Statement (IFRS)

 

(EUR 1,000)

2018

2017

2016 *

Net sales 10,047 8,942 8,634
Other operating income -10 18 18
Materials and services 1,196 1,154 419
Employee benefit expenses 6,142 5,682 5,362
Depreciation and amortization 949 913 866
Other operating expenses 1,229 1,320 1,243
Total expenses 9,516 9,070 7,891
Operating result 521 -110 761
Financial income 9 10 -4
Financial expenses -196 -48 -47
Financial items, net -187 -38 -51
Result before tax 335 -148 710
Income taxes -15 -146 -142
Result for the period 320 -294 568

 

Other items in comprehensive income that may be reclassified subsequently to profit or loss:

Exchange differences on translating foreign operations 179 -7 9
Other items in comprehensive income, net of tax 179 -7 9
Total comprehensive income, net of tax 499 -302 577
       
Earnings per share, EUR      
Undiluted 0.027 -0.025 0.047
Diluted 0.027 -0.025 0.047

 

Consolidated Balance Sheet (IFRS)

 

(EUR 1,000)

2018

2017

2016 *

ASSETS 6,436 6,807 7,871

 

Non-current assets

     
Capitalized product development expenses 1,693 1,778 1,747
Other intangible assets 138 174 208
Goodwill 513 513 513
Tangible assets 116 153 193
Other investments 5 5 5
Deferred tax assets 57 122 23
Total non-current assets 2,521 2,745 2,688

 

Current assets

     
Trade and other receivables 3,409 3,744 4,619
Cash and cash equivalents 505 318 565
Total current assets 3,915 4,061 5,184
Total assets 6,436 6,807 7,871

 

EQUITY AND LIABILITIES

   

 

Equity      
Share capital 1,359 1,359 1,359
Other funds 21 21 21
Treasury shares -439 -439 -439
Translation difference -61 -240 -233
Invested non-restricted equity fund 5 5 5
Retained earnings 1,987 2,027 2,538
Equity attributable to shareholders of the parent company 2,873 2,733 3,251

 

Current liabilities

     
Trade and other payables 3,563 4,074 4,619
Total current liabilities 3,563 4,074 4,619

 

Total liabilities

3,563 4,074 4,619

 

Total equity and liabilities

6,436 6,807 7,871

 

Consolidated Cash Flow Statement (IFRS)

 

(EUR 1,000)

2018

2017

2016 *

Cash flow from operating activities      
Result for the period 320 -294 568
Adjustments to the result      
  Depreciation 949 913 866
  Other adjustments 378 177 204
Working capital changes:    

 

Increase(-)/decrease(+) in short-term non-interest bearing receivables 178 1387 -110
Increase(+)/decrease(-) in short-term non-interest bearing liabilities -446 -1044 1
Interest and other financial expenses paid -28 -37 -47
Interest and other financial income received 9 10 5
Income taxes paid -27 -128 -66
Net cash from operating activities 1,335 984 1,419

 

Cash flows from investing activities

     
Purchases of tangible assets -50 -75 -39
Capitalized development expenses -733 -792 -636
Other investments in intangible assets -7 -5 -23
Net cash used in investing activities -790 -872 -698

 

Cash flow from financing activities

     
Repayments of long-term borrowings - - -500
Dividends paid -360 -360 -240
Net cash used in financing activities -360 -360 -740
Net change in cash and cash equivalents 185 -247 -19

 

     
Cash and cash equivalents at the beginning of year 318 565 585
Effect of exchange rate differences 2 0 -1
Cash and cash equivalents at the end of year 505 318 565

 

 

   * Figures for 2016 are non-complying with IFRS15. 

 

Definition of Key Indicators

Return on equity (ROE), %:
(Profit for the period x 100) / (Shareholders' equity (average))

Return on investment (ROI), %
(Profit before taxes + interest and other financial expenses) x 100
Balance sheet total - non-interest bearing liabilities (average)

Equity ratio, %:
(Total equity x 100) / (Balance sheet total - advances received)

Gearing, %:
((Interest-bearing liabilities - cash and cash equivalents) x 100) / (Total equity)

Earnings per share, euro:
(Profit for the period attributable to the shareholders of the parent company) / (Weighted average number of shares outstanding during the year)

Equity per share, euro:
(Equity attributable to shareholders of the parent company) / (Number of shares outstanding at the end of the year)

Dividend per share, euro:
(Total dividend paid) / (Number of shares outstanding at the end of the year)

Dividend per profit, %:
(Dividend per share x 100) / (Earnings per share)

Effective dividend yield, %:
(Dividend per share x 100) / (Share price at the end of the year)

Price/earnings ratio (P/E):
(Share price at the end of the year) / (Earnings per share)

Market capitalization:
Total number of shares outstanding x share price at the end of the year

Turnover of shares, % of all shares:
(Number of shares traded x 100) / (Average number of shares outstanding during the year)

 

Updated 03/2019

 

QPR Q4 2018 Interview with CEO Jari Jaakkola