Financial Information - Overview

Overview

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