DIGITAL BROS S.P.A. Consolidated financial statements as of June 30th, 2023
Digital Bros S.p.A.
Via Tortona, 37 - 20144 Milan, Italy
VAT number 09554160151
Share Capital: Euro 6.024.334,80 of which Euro 5.706.014,80 subscribed
Milan Companies House no. 290680-Vol. 7394 Chamber of Commerce no. 1302132
This report is available on the Company's website www.digitalbros.comInvestor Relations /
Financial Documents section
Please consider that this is an Italian to English translation: the Italian version shall always prevail in
case of any discrepancy or inconsistency
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Digital Bros Group Consolidated financial statements as of June 30th, 2023 | 2 |
Index | ||
DIRECTORS' REPORT 7 | ||
1. | GROUP ORGANIZATION | 7 |
2. | MAIN INTELLECTUAL PROPERTIES OWNED BY THE GROUP | 12 |
3. | THE VIDEO GAMES MARKET | 15 |
4. | ALTERNATIVE PERFORMANCE RATIOS | 17 |
5. | SEASONALITY EFFECTS | 17 |
6. | SIGNIFICANT EVENTS DURING THE REPORTING PERIOD | 18 |
7. CONSOLIDATED PROFIT AND LOSS STATEMENT FOR THE PERIOD ENDED JUNE 30TH, 2023 ..20
8. | CONSOLIDATED BALANCE SHEET AS OF JUNE 30TH, 2023 | 24 |
9. | FINANCIAL RATIOS | 26 |
10. | SEGMENT REPORTING | 27 |
Premium Games | 27 | |
Free to Play | 31 | |
Italian Distribution | 34 | |
Other Activities | 37 | |
Holding | 39 |
11. INTERCOMPANY AND RELATED PARTY TRANSACTION AND ATYPICAL/UNUSUAL
TRANSACTIONS 42
12. | TREASURY SHARES | 44 |
13. | RESEARCH AND DEVELOPMENT | 44 |
14. | OPERATIONAL RISKS, FINANCIAL RISKS AND FINANCIAL INSTRUMENTS | 44 |
15. | CONTINGENT ASSETS AND LIABILITIES | 49 |
16. | SUBSEQUENT EVENTS | 49 |
17. | BUSINESS OUTLOOK | 49 |
18. | OTHER INFORMATION | 50 |
EMPLOYEES | 50 | |
ENVIRONMENTAL ISSUES | 51 | |
19. | DISCLOSURE OF NON-FINANCIALINFORMATION | 51 |
20. | CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE REPORT | 51 |
21. | REMUNERATION POLICY AND FEES PAID REPORT | 51 |
Digital Bros Group Consolidated financial statements as of June 30th, 2023 | 3 |
Interim Report as of June 30th, 2023 | 53 | |
Consolidated balance sheet as of June 30th, 2023 | 54 | |
Consolidated profit and loss statement for the period ended June 30th, 2023 | 55 | |
Consolidated comprehensive income statement as of June 30th, 2023 | 56 | |
Consolidated statement of changes in equity as of June 30th, 2023 | 58 | |
Financial statements as of June 30th, 2023 | 59 | |
1. | INTRODUCTORY NOTE | 60 |
2. | ACCOUNTING POLICIES | 62 |
3. | DISCRETIONARY ITEMS AND SIGNIFICANT ESTIMATES | 80 |
4. | DISCRETIONARY ITEMS AND SIGNIFICANT ESTIMATES | 82 |
5. | INVESTMENTS IN JOINT-VENTURES AND ASSOCIATED COMPANIES | 85 |
6. | 6. BUSINESS COMBINATIONS | 85 |
7. | RELATIONSHIPS WITH STARBREEZE | 86 |
8. RECONCILIATION OF CONSOLIDATED PROFIT FOR THE YEAR AND NET EQUITY TO THOSE OF PARENT COMPANY 89
9. | 8. CONSOLIDATED BALANCE SHEET AS OF JUNE 30TH, 2023 | 91 | |
CURRENT ASSETS | ......................................................................................................................... | 98 | |
NET EQUITY | 101 | ||
NON-CURRENTLIABILITIES | 103 | ||
CURRENT LIABILITIES | 104 | ||
NET FINANCIAL POSITION | 105 | ||
PROFIT AND LOSS STATEMENT | 111 | ||
10. | FINANCIAL INSTRUMENTS AND FINACIAL RISK MANAGEMENT (IFRS 7) | 118 | |
11. | NON-RECURRINGITEMS | 127 | |
12. INFORMATION BY OPERATING SEGMENT | 128 | ||
13. | RELATED PARTY TRANSACTIONS | 133 | |
14. | ATYPICAL OR UNUSUAL TRANSACTIONS | 137 | |
15. | ASSET REVALUATION | 137 | |
16. | LOANS GRANTED TO EXECUTIVES AND SUPERVISORY BODIES | 137 | |
17. | AUDIT FEES | 137 | |
STATEMENT PURSUANT TO ART. 154- BIS (5) OF THE T.U.F | 138 |
Digital Bros Group Consolidated financial statements as of June 30th, 2023 | 4 |
BOARD OF DIRECTORS AND CORPORATE GOVERNANCE STRUCTURE
Board of Directors
Name | Office | Control & Risk | Remuneration | Nomination | ||
Committee | Committee | Committee | ||||
Sylvia Anna Bartyan | Director | I | M | M | P | |
Lidia Florean | Director | NE | ||||
Abramo Galante | Chairman and | E | ||||
CEO | ||||||
Davide Galante | Director | NE | ||||
Raffaele Galante | CEO | E | ||||
Susanna Pedretti | Director | I | M | P | M | |
Stefano Salbe (1) | Director | E | ||||
Laura Soifer (2) | Director | I | P | M | M | |
Dario Treves | Director | E | ||||
Key: | |||
(1) Financial Reporting Manager pursuant to | E: Executive Director | P: President of the Committee | |
Art. 154 bis of Legislative Decree 58/98 | NE: Non-Executive Director | M: Member of the Committee | |
(2) Lead Independent Director | I: Independent Director | ||
Board of Statutory Auditors | |||
Name | Office | ||
Gianfranco Corrao | Statutory auditor | ||
Carlo Hassan | Chairman | ||
Maria Pia Maspes | Statutory auditor | ||
Daniela Delfrate | Substitute statutory auditor | ||
Stefano Spiniello | Substitute statutory auditor | ||
The Shareholders' Meeting held on October 28th, 2020 appointed the Board of Directors and the Board of Statutory Auditors. The terms of the Directors and the Statutory Auditors will expire on the Shareholders' Meeting which will approve the financial statements as at June 30th, 2023.
On October 28th, 2020, the Shareholders' Meeting appointed Abramo Galante as Chairman of the Board of Directors. On the same date, the Board of Directors appointed Abramo Galante and Raffaele Galante as Chief Executive Officers. The Chief Executive Officers received appropriate powers of attorney.
On August 7th, 2007, the Board of Directors appointed the Executive Director Stefano Salbe as Financial Reporting Manager pursuant to Art. 154 bis of Legislative Decree 58/98 with appropriate powers.
Digital Bros Group Consolidated financial statements as of June 30th, 2023 | 5 |
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Digital Bros S.p.A. published this content on 28 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2023 19:07:42 UTC.
