Financial Information - Overview

Overview

Key figures (IFRS)

(EUR 1,000 or %)	2019	2018	2017
Net sales	9 513	10 047	8 942
Change of net sales, %	-5,3	12.4
Operating result	-213	521	-110
- percent of net sales	-2.2	5.2	-1.2
Result before tax	-240	335	-148
Result for the period	-161	320	-294
- percent of net sales	-2.5	3.2	-3.3
Cash and cash equivalents	1 035	505	318
Gearing, %	-9.1	-17.6	-11.6
Earnings per Share, EUR	-0.013	0.027	-0.025
Equity per Share, EUR	0.222	0.231	0.220
Equity Ratio, %	44.5	48.6	48.2
Return on Investment (p.a.), %	-5.9	18.9	-3.3
Dividend, €/share	0.000	0.000	0.030

Consolidated Comprehensive Income Statement (IFRS)

(EUR 1,000)	2019	2018	2017
Net sales	9 513	10 047	8 942
Other operating income	0	-10	18
Materials and services	1 143	1 196	1 154
Employee benefit expenses	6 455	6 142	5 682
Depreciation and amortization	1 250	949	913
Other operating expenses	878	1 229	1 320
Total expenses	9 479	9 516	9 070
Operating result	-213	521	-110
Financial income	25	9	10
Financial expenses	-51	-196	-48
Financial items, net	-26	-187	-38
Result before tax	-240	335	-148
Income taxes	78	-15	-146
Result for the period	-161	320	-294

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

Exchange differences on translating foreign operations	-5	179	-7
Other items in comprehensive income, net of tax	-5	179	-7
Total comprehensive income, net of tax	-166	499	-302

Earnings per share, EUR
Undiluted	-0.013	0.027	-0.025
Diluted	-0.013	0.027	-0.025

Consolidated Balance Sheet (IFRS)

(EUR 1,000)	2019	2018	2017
ASSETS	7 007	6 436	6 807
Non-current assets
Capitalized product development expenses	1 709	1 693	1 778
Other intangible assets	335	138	174
Goodwill	513	513	513
Tangible assets	371	116	153
Other investments	5	5	5
Deferred tax assets	136	57	122
Total non-current assets	3 068	2,521	2,745
Current assets
Trade and other receivables	2 904	3 409	3 744
Cash and cash equivalents	1 035	505	318
Total current assets	3 939	3 915	4 061
Total assets	7 007	6 436	6 807

EQUITY AND LIABILITIES
Equity
Share capital	1 359	1 359	1 359
Other funds	21	21	21
Treasury shares	-439	-439	-439
Translation difference	-66	-61	-240
Invested non-restricted equity fund	5	5	5
Retained earnings	1 882	1 987	2 027
Equity attributable to shareholders of the parent company	2 762	2 873	2 733
Current liabilities
Trade and other payables	3 461	3 563	4 074
Total current liabilities	4 245	3 563	4 074
Total liabilities	4 245	3 563	4 074
Total equity and liabilities	7 007	6 436	6 807

Consolidated Cash Flow Statement (IFRS)

(EUR 1,000)	2019	2018	2017
Cash flow from operating activities
Result for the period	-161	320	-294
Adjustments to the result
Depreciation	1 250	949	913
Other adjustments	0	378	177
Working capital changes:
Increase(-)/decrease(+) in short-term non-interest bearing receivables	601	178	1387
Increase(+)/decrease(-) in short-term non-interest bearing liabilities	-296	-446	-1044
Interest and other financial expenses paid	-51	-28	-37
Interest and other financial income received	25	9	10
Income taxes paid	-18	-27	-128
Net cash from operating activities	1 349	1 335	984
Cash flows from investing activities
Purchases of tangible assets	-54	-50	-75
Capitalized development expenses	-788	-733	-792
Other investments in intangible assets	-200	-7	-5
Net cash used in investing activities	-1 041	-790	-872
Cash flow from financing activities
Repayments of long-term borrowings	-278	-	-
Dividends paid	0	-360	-360
Net cash used in financing activities	222	-360	-360
Net change in cash and cash equivalents	530	185	-247

Cash and cash equivalents at the beginning of year	505	318	565
Effect of exchange rate differences	0	2	0
Cash and cash equivalents at the end of year	1 305	505	318

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 03/2020