Börsiteade
AS PRFoods
LEI kood
529900PFXFO2ZDCRNK93
Emitendi suuruskategooria
Keskmise suurusega kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Poolaastaaruanne
Teate ID
10151
Manused
Esitamise kuupäev ja aeg
28.02.2023 19:01:51
Teate sisu eesti keeles
Pealkiri
AS-i PRFoods 2022/2023 majandusaasta 2. kvartali ja 6. kuu konsolideeritud auditeerimata vahearuanne
Teade
AS-i PRFoods 2022/2023 majandusaasta 2. kvartali ja 6. kuu konsolideeritud auditeerimata vahearuanne 2022/23 finantsaasta algas juuli 2023 ja kujutab endast oluliselt muutunud grupi struktuuri. Tingituna suurest kahjumist Soomes müüsime sealse üksuse ning vähendamaks laenukoormust väljusime kasumiga Rootsi ärist. Uus grupi struktuur hõlmab endas kala töötlemist Shotimaal ja Saaremaal ning kalakasvatust Eestis. II kvartali ja I poolaasta käive oli vastavalt 7.3 ja 11.9 miljonit eurot - loomulikult vähem, kuna ei sisalda enam Soome ega Rootsi käivet nii töötlemises kui kalakasvatuses (eelmisel aastal samal perioodil oli käive 15.3 miljonit eurot II kvartalis ja 29.5 miljonit eurot I poolaastal). Parem fookus kõrge lisandväärtusega toodetele ning värske kala müük oma farmidest tõid endaga kaasa väga suure muutuse kasumis. Esimest korda koroonajärgses keskkonnas olid kõik meie tütarettevõtted (Saare Kala Tootmine, Redstorm, JRJ) alates II kvartalist kasumis. Konsolideeritud baasil paranesid meie tulemused drastiliselt II kvartalis, nii aasta kui kvartali baasil: Ärikasum (EBITDA) oli 800,000 eur vs -300,000 2021 II kvartalis, kasv üle 360%. Puhaskasumi baasil paranes tulemus 1.3 miljoni euro võrra, puhaskahjumiks ja -0.1 miljonit eur võrreldes -1.4 miljoni eurose kahjumiga eelmisel aastal. Meie intressikulud vähenesid 50% võrra tänu võlakoormuse vähenemisele. On oluline märkida, et ca 90% meie laenuportfellist (võlakirjad, laenud) on fikseeritud intressiga. Tegevuskasum paranes 120% ja oli 0.2 miljonit eurot vs -1.2 miljonit eurot tegevuskahjumit eelmine aasta. PRFoodsi netovõlgnevus on siiani liiga kõrge, kuid me parandasime oma likviidsuskordajat tagasi 1.0 peale. Hoolimata volatiilsusest toiduainete turul ja kõrgest inflatsioonist näeme oma toodete järgi püsivat nõudlust ning oleme suutnud sisendhindade kasvu kanda edasi lõpptoodetesse. 6 kuu baasil oli meie puhaskasum 733,000 eur vs -2.12 miljonit eurot kahjumit eelmisel aastal. Puhaskasum sisaldab ühekordset tulu Rootsi äriüksuse müügist. Olles kontsentreeritum oma suuruselt, oleme rohkem fokusseeritud efektiivsusele ja usume, et suudame säilitada ärikasumi meie tehastes. Kalakasvatus on hooajaline tegevus ning järgmine kalakasvatuse perioodi tulem tuleb peale käesoleva finantsaasta lõppu. See on olnud väga raske tee läbimaks nii COVIDit, kõrget inflatsiooni, sõda ja takistusi rahvusvahelises logistikas aga me oleme hakkama saanud. Vajalikud muudatused tooteportfellis ja juhtkonnas on lõpule viidud, uus tiim on väga ambitsioonikas ja fokusseeritud. Väga suured tänusõnad lähevad meie töötajatele, kes on näidanud suurt pühendumust ja sitkust! VÕTMENÄITAJAD KASUMIARUANNE +----------------------------+-------------+---------+-------------+---------+ |mln EUR |2kv 2022/2023|2021/2022|2kv 2021/2022|2020/2021| +----------------------------+-------------+---------+-------------+---------+ |Müügitulu | 7,3| 42,1| 15,3| 58,7| +----------------------------+-------------+---------+-------------+---------+ |Brutokasum | 1,6| 3,1| 2,2| 5| +----------------------------+-------------+---------+-------------+---------+ |EBITDA äritegevusest | 0,8| -1,7| 0,8| -1,2| +----------------------------+-------------+---------+-------------+---------+ |EBITDA | 0,8| -2,1| -0,3| -1,3| +----------------------------+-------------+---------+-------------+---------+ |EBIT | 0,2| -4,2| -1| -3,9| +----------------------------+-------------+---------+-------------+---------+ |EBT | -0,0| -8,2| -1,4| -5| +----------------------------+-------------+---------+-------------+---------+ |Puhaskasum (-kahjum) | -0,1| -8,2| -1,4| -5,2| +----------------------------+-------------+---------+-------------+---------+ |Brutomarginaal | 22,1%| 7,4%| 14,1%| 8,50%| +----------------------------+-------------+---------+-------------+---------+ |Äritegevuse EBITDA marginaal| 11,3%| -4,1%| 5,2%| -2,1%| +----------------------------+-------------+---------+-------------+---------+ |EBITDA marginaal | 11,3%| -5,1%| -2,1%| -2,1%| +----------------------------+-------------+---------+-------------+---------+ |EBIT marginaal | 2,9%| -9,9%| -6,4%| -6,6%| +----------------------------+-------------+---------+-------------+---------+ |EBT marginaal | -0,5%| -19,5%| -8,9%| -8,5%| +----------------------------+-------------+---------+-------------+---------+ |Puhaskasumi marginaal | -1,8%| -19,4%| -9,1%| -8,8%| +----------------------------+-------------+---------+-------------+---------+ |Tegevuskulude suhtarv | -18,9%| -17,1%| 15,1%| 16,1%| +----------------------------+-------------+---------+-------------+---------+ BILANSS +-----------------------------+----------+----------+----------+----------+ |mln EUR |31.12.2022|30.06.2022|31.12.2021|30.06.2021| +-----------------------------+----------+----------+----------+----------+ |Netovõlgnevus | 17,7| 24,7| 24,2| 20,9| +-----------------------------+----------+----------+----------+----------+ |Omakapital | 7,5| 8,1| 14,9| 15,8| +-----------------------------+----------+----------+----------+----------+ |Käibekapital | 0,0| -3,2| -2,6| -2,9| +-----------------------------+----------+----------+----------+----------+ |Varad | 32,2| 38,9| 56,0| 55,3| +-----------------------------+----------+----------+----------+----------+ |Likviidsuskordaja | 1,0x| 0,7x| 0,9x| 0,9x| +-----------------------------+----------+----------+----------+----------+ |Omakapitali suhtarv | 23,3%| 20,7%| 26,7%| 28,6%| +-----------------------------+----------+----------+----------+----------+ |Finantsvõimendus | 70,2%| 75,4%| 61,8%| 56,9%| +-----------------------------+----------+----------+----------+----------+ |Võlakordaja | 0,8x| 0,8x| 0,7x| 0,7x| +-----------------------------+----------+----------+----------+----------+ |Netovõlg / äritegevuse EBITDA| 21,4x| -14,5x| -14,3x| -16,9x| +-----------------------------+----------+----------+----------+----------+ |Omakapitali tootlus | -1,7%| -68,5%| -26,7%| -28,7%| +-----------------------------+----------+----------+----------+----------+ |Varade tootlus | -0,4%| -17,3%| -7,9%| -9,1%| +-----------------------------+----------+----------+----------+----------+ Konsolideeritud finantsseisundi aruanne +-------------------------------------+------------+------------+------------+ | EUR '000 | 31.12.2022 | 31.12.2021 | 30.06.2022 | +-------------------------------------+------------+------------+------------+ | VARAD | | | | +-------------------------------------+------------+------------+------------+ | Raha ja ekvivalendid | 386 | 498 | 110 | +-------------------------------------+------------+------------+------------+ | Nõuded ja ettemaksed | 5 016 | 4 463 | 2 567 | +-------------------------------------+------------+------------+------------+ | Varud | 2 089 | 4 596 | 2 196 | +-------------------------------------+------------+------------+------------+ | Bioloogilised varad | 0 | 4 523 | 3 003 | +-------------------------------------+------------+------------+------------+ | Käibevara kokku | 7 491 | 14 080 | 7 876 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Edasilükkunud tulumaksuvara | 0 | 38 | 93 | +-------------------------------------+------------+------------+------------+ | Pikaajalised finantsinvesteeringud | 304 | 300 | 229 | +-------------------------------------+------------+------------+------------+ | Materiaalne põhivara | 6 944 | 14 655 | 8 882 | +-------------------------------------+------------+------------+------------+ | Immateriaalne vara | 17 443 | 23 715 | 21 837 | +-------------------------------------+------------+------------+------------+ | Põhivara kokku | 24 691 | 38 708 | 31 041 | +-------------------------------------+------------+------------+------------+ | VARAD KOKKU | 32 182 | 52 788 | 38 917 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | KOHUSTUSED JA OMAKAPITAL | | | | +-------------------------------------+------------+------------+------------+ | Intressikandvad kohustused | 2 777 | 6 275 | 7 094 | +-------------------------------------+------------+------------+------------+ | Võlad ja ettemaksed | 4 672 | 11 666 | 3 978 | +-------------------------------------+------------+------------+------------+ | Sihtfinantseerimine | 0 | 207 | 0 | +-------------------------------------+------------+------------+------------+ | Lühiajalised kohustused kokku | 7 449 | 18 148 | 11 072 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Intressikandvad kohustused | 15 270 | 18 180 | 17 725 | +-------------------------------------+------------+------------+------------+ | Võlad ja ettemaksed | 0 | 0 | 204 | +-------------------------------------+------------+------------+------------+ | Edasilükkunud tulumaksukohustus | 1 644 | 1 877 | 1 599 | +-------------------------------------+------------+------------+------------+ | Sihtfinantseerimine | 327 | 662 | 265 | +-------------------------------------+------------+------------+------------+ | Pikaajalised kohustused kokku | 17 241 | 20 719 | 19 792 | +-------------------------------------+------------+------------+------------+ | KOHUSTUSED KOKKU | 24 690 | 38 867 | 30 865 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Aktsiakapital | 7 737 | 7 737 | 7 737 | +-------------------------------------+------------+------------+------------+ | Ülekurss | 14 007 | 14 007 | 14 007 | +-------------------------------------+------------+------------+------------+ | Oma aktsiad | - 390 | -390 | -390 | +-------------------------------------+------------+------------+------------+ | Kohustuslik reservkapital | 51 | 51 | 51 | +-------------------------------------+------------+------------+------------+ | Realiseerimata kursivahed | 394 | 831 | 839 | +-------------------------------------+------------+------------+------------+ | Jaotamata kasum (kahjum) | -14 605 | -8 883 | -14 391 | +-------------------------------------+------------+------------+------------+ | Ettevõtte aktsionäridele kuuluv osa | 7 194 | 13 353 | 7 853 | +-------------------------------------+------------+------------+------------+ | Mittekontrolliv osalus | 297 | 568 | 199 | +-------------------------------------+------------+------------+------------+ | OMAKAPITAL KOKKU | 7 491 | 13 921 | 8 052 | +-------------------------------------+------------+------------+------------+ | OMAKAPITAL JA KOHUSTUSED KOKKU | 32 182 | 52 788 | 38 917 | +-------------------------------------+------------+------------+------------+ Konsolideeritud koondkasumiaruanne +------------------------+-------------+-------------+------------+------------+ |EUR '000 |2kv 2022/2023|2kv 2021/2022|6k 2022/2023|6k 2021/2022| +------------------------+-------------+-------------+------------+------------+ |Müügitulud | 7 300| 15 292| 11 910| 29 499| +------------------------+-------------+-------------+------------+------------+ |Müüdud kaupade kulu | -5 688| -13 139| -9 785| -26 572| +------------------------+-------------+-------------+------------+------------+ |Brutokasum | 1 612| 2 153| 2 125| 2 927| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Tegevuskulud | -1 379| -2 395| -2 493| -4 704| +------------------------+-------------+-------------+------------+------------+ |Müügi- ja turustuskulud | -671| -1 668| - 1 314| -3 249| +------------------------+-------------+-------------+------------+------------+ |Üldhalduskulud | -708| -727| - 1 179| -1 455| +------------------------+-------------+-------------+------------+------------+ |Muud äritulud/-kulud | -21| 11| - 68| 62| +------------------------+-------------+-------------+------------+------------+ |Bioloogiliste varade | | | | | |ümberhindlus | 0| -752| -170| 68| +------------------------+-------------+-------------+------------+------------+ |Ärikasum (-kahjum) | 212| -983| -606| -1 647| +------------------------+-------------+-------------+------------+------------+ |Finantstulud/-kulud | -245| -384| 1 447| -368| +------------------------+-------------+-------------+------------+------------+ |Maksustamiseelne kasum | | | | | |(kahjum) | -33| -1 367| 841| -2 015| +------------------------+-------------+-------------+------------+------------+ |Tulumaks | -102| -17| -108| -109| +------------------------+-------------+-------------+------------+------------+ |Aruandeperioodi | | | | | |puhaskasum (-kahjum) | -135| -1 384| 733| -2 124| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Aruandeperioodi | | | | | |puhaskasumi (-kahjumi) | | | | | |jaotus: | | | | | +------------------------+-------------+-------------+------------+------------+ |Emaettevõtte | | | | | |aktsionäridele kuuluv | | | | | |osa | -210| -1 242| 668| -2 160| +------------------------+-------------+-------------+------------+------------+ |Mittekontrolliv osalus | 75| -142| 66| 36| +------------------------+-------------+-------------+------------+------------+ |Aruandeperioodi | | | | | |puhaskasum (-kahjum) | | | | | |kokku | -135| -1 384| 733| -2 124| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Muu koondkasum (- | | | | | |kahjum), mida võib | | | | | |hiljem klassifitseerida | | | | | |kasumiaruandesse: | | | | | +------------------------+-------------+-------------+------------+------------+ |Valuutakursi vahed | 0| 384| -445| 272| +------------------------+-------------+-------------+------------+------------+ |Kokku koondkasum (- | | | | | |kahjum) | -135| -1 000| 288| -1 852| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Aruandeperioodi | | | | | |koondkasumi (-kahjumi) | | | | | |jaotus: | | | | | +------------------------+-------------+-------------+------------+------------+ |Emaettevõtte | | | | | |aktsionäridele kuuluv | | | | | |osa | -210| -858| 223| -1 888| +------------------------+-------------+-------------+------------+------------+ |Väikeaktsionäridele | | | | | |kuuluv osa | 75| -142| 66| 36| +------------------------+-------------+-------------+------------+------------+ |Aruandeperioodi | | | | | |koondkasum (-kahjum) | | | | | |kokku | -135| -1 000| 288| -1 852| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Tava puhaskasum (- | | | | | |kahjum) aktsia kohta | | | | | |(EUR) | -0.01| -0.03| 0.02| -0.06| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ |Lahustatud puhaskasum (-| | | | | |kahjum) aktsia kohta | | | | | |(EUR) | -0.00| -0.03| 0.01| -0.05| +------------------------+-------------+-------------+------------+------------+ | | | | | | +------------------------+-------------+-------------+------------+------------+ Indrek Kasela AS PRFoods Juhatuse liige T: +372 452 1470 [email protected] www.prfoods.ee (http://www.prfoods.ee)
Teate sisu inglise keeles
Pealkiri
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2022/2023 financial year
Teade
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2022/2023 financial year MANAGEMENT COMMENTARY 2022/23 financial year that started in July 2022 and represents very different group structure. Due to high leverage and losses, we divested from loss-making Finnish operations in 2022 and sold for profit our Swedish operations. New group structure has fish processing business in Scotland and Saaremaa, Estonia, and farming operations in Estonia. The Q2 and H1 sales were 7.3 and 11.9 million euros respectively, naturally less due to offload of Finnish operations, both processing and fish farming (15.3 million in Q2 last year and 29.5 million eur in H1). Better focus on Value Added Product sales and fresh fish sales from our farms, marked very sharp turnaround in profit. First time in post-covid environment all our operational subsidiaries (Saare Kala Tootmine, Redstorm, JRJ) showed positive EBITDA and were profitable in Q2. On consolidated basis our results improved drastically in Q2, both on year on year basis and quarter over quarter: EBITDA was 800,000 eur vs -300,000 eur in Q2 2021, improvement of over 360%. On net profit level our results improved by 1,3 million eur: net loss for period was -0.1 meur vs -1,4 meur last year. Our financial expenses decreased by 50% due to leverage. It is important to note that nearly 90% of Group's debt liabilities carry fixed interest (bonds and loans). Operating profit increased by 120% and was 0.2 meur vs -1,2 meur last year. PRFoods Net Debt is still very high, but we managed to improve our liquidity ratio back to 1.0. Despite volatility in food markets and high inflation environment, we see continued demand for our products and ability to transfer input price increases to product prices. On 6 months basis, our consolidated net profit was 733,000 eur vs -2,12 million loss last year. Net profit includes one-off profit from sale of Swedish subsidiary. While being more concentrated in our size, we are more focused on performance, and we believe we can achieve sustainable EBITDA profitability in our processing business. Fish Farming is seasonal operation still and next harvest season will after end of current financial year. It has been tough road negotiating COVID, high inflation, war and breakdown of international logistics, but we have managed. Necessary product changes and management changes were completed, and new team is very ambitious and focussed on profitability. Enormous thank you goes out to all our employees who have shown commitment and resilience! KEY RATIOS INCOME STATEMENT +--------------------------+------------+---------+------------+---------+ |mln EUR | | | | | |unless indicated otherwise|2Q 2022/2023|2021/2022|2Q 2021/2022|2020/2021| +--------------------------+------------+---------+------------+---------+ |Sales | 7,3| 42,1| 15,3| 58,7| +--------------------------+------------+---------+------------+---------+ |Gross profit | 1,6| 3,1| 2,2| 5| +--------------------------+------------+---------+------------+---------+ |EBITDA from operations | 0,8| -1,7| 0,8| -1,2| +--------------------------+------------+---------+------------+---------+ |EBITDA | 0,8| -2,1| -0,3| -1,3| +--------------------------+------------+---------+------------+---------+ |EBIT | 0,2| -4,2| -1| -3,9| +--------------------------+------------+---------+------------+---------+ |EBT | -0,0| -8,2| -1,4| -5| +--------------------------+------------+---------+------------+---------+ |Net profit (loss) | -0,1| -8,2| -1,4| -5,2| +--------------------------+------------+---------+------------+---------+ |Gross margin | 22,1%| 7,4%| 14,1%| 8,50%| +--------------------------+------------+---------+------------+---------+ |Operational EBITDA margin | 11,3%| -4,1%| 5,2%| -2,1%| +--------------------------+------------+---------+------------+---------+ |EBITDA margin | 11,3%| -5,1%| -2,1%| -2,1%| +--------------------------+------------+---------+------------+---------+ |EBIT margin | 2,9%| -9,9%| -6,4%| -6,6%| +--------------------------+------------+---------+------------+---------+ |EBT margin | -0,5%| -19,5%| -8,9%| -8,5%| +--------------------------+------------+---------+------------+---------+ |Net margin | -1,8%| -19,4%| -9,1%| -8,8%| +--------------------------+------------+---------+------------+---------+ |Operating expense ratio | -18,9%| -17,1%| 15,1%| 16,1%| +--------------------------+------------+---------+------------+---------+ BALANCE SHEET +----------------------------+----------+----------+----------+----------+ |mln EUR | | | | | |unless indicated otherwise |31.12.2022|30.06.2022|31.12.2021|30.06.2021| +----------------------------+----------+----------+----------+----------+ |Net debt | 17,7| 24,7| 24,2| 20,9| +----------------------------+----------+----------+----------+----------+ |Equity | 7,5| 8,1| 14,9| 15,8| +----------------------------+----------+----------+----------+----------+ |Working capital | 0,0| -3,2| -2,6| -2,9| +----------------------------+----------+----------+----------+----------+ |Assets | 32,2| 38,9| 56,0| 55,3| +----------------------------+----------+----------+----------+----------+ |Liquidity ratio | 1,0x| 0,7x| 0,9x| 0,9x| +----------------------------+----------+----------+----------+----------+ |Equity ratio | 23,3%| 20,7%| 26,7%| 28,6%| +----------------------------+----------+----------+----------+----------+ |Gearing ratio | 70,2%| 75,4%| 61,8%| 56,9%| +----------------------------+----------+----------+----------+----------+ |Debt to total assets | 0,8x| 0,8x| 0,7x| 0,7x| +----------------------------+----------+----------+----------+----------+ |Net debt to operating EBITDA| 21,4x| -14,5x| -14,3x| -16,9x| +----------------------------+----------+----------+----------+----------+ |ROE | -1,7%| -68,5%| -26,7%| -28,7%| +----------------------------+----------+----------+----------+----------+ |ROA | -0,4%| -17,3%| -7,9%| -9,1%| +----------------------------+----------+----------+----------+----------+ Consolidated Statement of Financial Position +--------------------------------+--------------------+----------+----------+ |EUR '000 | 31.12.2022|31.12.2021|30.06.2022| +--------------------------------+--------------------+----------+----------+ |ASSETS | | | | +--------------------------------+--------------------+----------+----------+ |Cash and cash equivalents | 386 | 498| 110| +--------------------------------+--------------------+----------+----------+ |Receivables and prepayments | 5 016 | 4 463| 2 567| +--------------------------------+--------------------+----------+----------+ |Inventories | 2 089| 4 596| 2 196| +--------------------------------+--------------------+----------+----------+ |Biological assets | 0| 4 523| 3 003| +--------------------------------+--------------------+----------+----------+ |Total current assets | 7 491| 14 080| 7 876| +--------------------------------+--------------------+----------+----------+ | | | | | +--------------------------------+--------------------+----------+----------+ |Deferred tax assets | 0 | 38| 93| +--------------------------------+--------------------+----------+----------+ |Long-term financial investments | 304 | 300| 229| +--------------------------------+--------------------+----------+----------+ |Tangible assets | 6 944| 14 655| 8 882| +--------------------------------+--------------------+----------+----------+ |Intangible assets | 17 443 | 23 715| 21 837| +--------------------------------+--------------------+----------+----------+ |Total non-current assets | 24 691 | 38 708| 31 041| +--------------------------------+--------------------+----------+----------+ |TOTAL ASSETS | 32 182 | 52 788| 38 917| +--------------------------------+--------------------+----------+----------+ | | | | | +--------------------------------+--------------------+----------+----------+ |EQUITY AND LIABILITIES | | | | +--------------------------------+--------------------+----------+----------+ |Interest-bearing liabilities | 2 777| 6 275| 7 094| +--------------------------------+--------------------+----------+----------+ |Payables and prepayments | 4 672 | 11 666| 3 978| +--------------------------------+--------------------+----------+----------+ |Government grants | 0 | 207| 0| +--------------------------------+--------------------+----------+----------+ |Total current liabilities | 7 449 | 18 148| 11 072| +--------------------------------+--------------------+----------+----------+ | | | | | +--------------------------------+--------------------+----------+----------+ |Interest-bearing liabilities | 15 270| 18 180| 17 725| +--------------------------------+--------------------+----------+----------+ |Payables and prepayments | 0 | 0| 204| +--------------------------------+--------------------+----------+----------+ |Deferred tax liabilities | 1 644 | 1 877| 1 599| +--------------------------------+--------------------+----------+----------+ |Government grants | 327| 662| 265| +--------------------------------+--------------------+----------+----------+ |Total non-current liabilities | 17 241 | 20 719| 19 792| +--------------------------------+--------------------+----------+----------+ |TOTAL LIABILITIES | 24 690 | 38 867| 30 865| +--------------------------------+--------------------+----------+----------+ | | | | | +--------------------------------+--------------------+----------+----------+ |Share capital | 7 737 | 7 737| 7 737| +--------------------------------+--------------------+----------+----------+ |Share premium | 14 007| 14 007| 14 007| +--------------------------------+--------------------+----------+----------+ |Treasury shares | - 390 | -390| -390| +--------------------------------+--------------------+----------+----------+ |Statutory capital reserve | 51 | 51| 51| +--------------------------------+--------------------+----------+----------+ |Currency translation differences| 394| 831| 839| +--------------------------------+--------------------+----------+----------+ |Retained profit (loss) | -14 605| -8 883| -14 391| +--------------------------------+--------------------+----------+----------+ |Equity attributable to parent | 7 194| 13 353| 7 853| +--------------------------------+--------------------+----------+----------+ |Non-controlling interest | 297 | 568| 199| +--------------------------------+--------------------+----------+----------+ |TOTAL EQUITY | 7 491 | 13 921| 8 052| +--------------------------------+--------------------+----------+----------+ |TOTAL EQUITY AND LIABILITIES | 32 182 | 52 788| 38 917| +--------------------------------+--------------------+----------+----------+ Consolidated Statement of Profit or Loss And Other Comprehensive Income +--------------------------+------------+------------+------------+------------+ |EUR '000 |2Q 2022/2023|2Q 2021/2022|6m 2022/2023|6m 2021/2022| +--------------------------+------------+------------+------------+------------+ |Revenue | 7,300| 15,292| 11,910| 29,499| +--------------------------+------------+------------+------------+------------+ |Cost of goods sold | -5,688| -13,139| -9,785| -26,572| +--------------------------+------------+------------+------------+------------+ |Gross profit | 1,612| 2,153| 2,125| 2,927| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Operating expenses | -1,379| -2,395| -2,493| -4,704| +--------------------------+------------+------------+------------+------------+ |Selling and distribution | | | | | |expenses | -671| -1,668| -1,314| -3,249| +--------------------------+------------+------------+------------+------------+ |Administrative expenses | -708| -727| -1,179| -1,455| +--------------------------+------------+------------+------------+------------+ |Other income / expense | -21| 11| -68| 62| +--------------------------+------------+------------+------------+------------+ |Fair value adjustment on | | | | | |biological assets | 0| -752| -170| 68| +--------------------------+------------+------------+------------+------------+ |Operating profit (loss) | 212| -983| -606| -1,647| +--------------------------+------------+------------+------------+------------+ |Financial income / | | | | | |expenses | -245| -384| 1,447| -368| +--------------------------+------------+------------+------------+------------+ |Profit (Loss) before tax | -33| -1,367| 841| -2,015| +--------------------------+------------+------------+------------+------------+ |Income tax | -102| -17| -108| -109| +--------------------------+------------+------------+------------+------------+ |Net profit (loss) for the | | | | | |period | -135| -1,384| 733| -2,124| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Net profit (loss) | | | | | |attributable to: | | | | | +--------------------------+------------+------------+------------+------------+ |Owners of the Parent | | | | | |Company | -210| -1,242| 668| -2,160| +--------------------------+------------+------------+------------+------------+ |Non-controlling interests | 75| -142| 66| 36| +--------------------------+------------+------------+------------+------------+ |Total net profit (loss) | | | | | |for the period | -135| -1,384| 733| -2,124| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Other comprehensive income| | | | | |(loss) that may | | | | | |subsequently be classified| | | | | |to profit or loss: | | | | | +--------------------------+------------+------------+------------+------------+ |Foreign currency | | | | | |translation differences | 0| 384| -445| 272| +--------------------------+------------+------------+------------+------------+ |Total comprehensive income| | | | | |(expense) | -135| -1,000| 288| -1,852| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Total comprehensive income| | | | | |(expense) attributable to:| | | | | +--------------------------+------------+------------+------------+------------+ |Owners of the Parent | | | | | |Company | -210| -858| 223| -1,888| +--------------------------+------------+------------+------------+------------+ |Non-controlling interests | 75| -142| 66| 36| +--------------------------+------------+------------+------------+------------+ |Total comprehensive income| | | | | |(expense) for the period | -135| -1,000| 288| -1,852| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Profit (Loss) per share | | | | | |(EUR) | -0.01| -0.03| 0.02| -0.06| +--------------------------+------------+------------+------------+------------+ | | | | | | +--------------------------+------------+------------+------------+------------+ |Diluted profit (loss) per | | | | | |share (EUR) | 0.00| -0.03| 0.01| -0.05| +--------------------------+------------+------------+------------+------------+ Indrek Kasela AS PRFoods Member of the Management Board Phone:+372 452 1470 [email protected] www.prfoods.ee (http://www.prfoods.ee)