EBRO FOODS, S.A. 
Consolidated Financial Statements and Consolidated Management Report for the year ended December 31, 2021
DATA TO BE TAGGED FOR XBRL FORMATTING PURPOSES
- Name of reporting entity or other means of identification: Ebro Foods, S.A.
- Explanation of change in name of reporting entity or other means of identification from end of preceding reporting period: There has been no change in the name of the entity or other means of identification.
- Domicile of entity Paseo de la Castellana, 20, 28046 Madrid
- Legal form of entity: Public limited company (sociedad anónima).
- Country of incorporation: Spain
- Address of entity's registered office: Paseo de la Castellana, 20, 28046 Madrid
- Principal place of business: Paseo de la Castellana, 20, 28046 Madrid
- Description of nature of entity's operations and principal activities: Refer to note 1 of the consolidated financial statements.
- Name of parent entity: Ebro Foods, S.A.
- Name of ultimate parent of group: Not applicable.
- Length of life of limited life entity: The reporting entity does not have a limited life.
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Note | |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | |
CONSOLIDATED STATEMENT OF RECOGNIZED INCOME AND EXPENSE | |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | |
CONSOLIDATED STATEMENT OF CASH FLOWS | |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | |
1. | Group information |
2. | Basis of presentation and comparative information |
3. | Summary of significant accounting policies |
4. | Subsidiaries and associates |
5. | Significant transactions (business combinations, disposals, etc.) closed in 2021 and |
2020 and impact on comparability | |
6. | Segment reporting and revenue from contracts with customers |
7. | Other gains/losses |
8. | Intangible assets |
9. | Property, plant and equipment |
10. | Right-of-use assets |
11. | Investment properties |
12. | Financial instruments: financial assets and financial liabilities |
13. | Liquid assets: cash and cash equivalents |
14. | Investments in associates |
15. | Goodwill |
16. | Inventories |
17. | Share capital, reserves, earnings per share and dividends |
18. | Deferred income |
19. | Provisions for pensions and similar obligations |
20. | Other provisions |
21. | Tax matters |
22. | Commitments and contingencies |
23. | Borrowings from related parties |
24. | Environmental disclosures |
25. | Discontinued operations |
26. | Fees paid to auditors |
27. | Information required under article 42 bis of Regulation 1065/2007 of July 27, 2007 |
and average supplier payment term |
28. Events after the reporting date
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EBRO FOODS GROUP
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT YEAR-END 2021 AND 2020 THOUSANDS OF EUROS
Note | 31/12/2021 | 31/12/2020 | ||
NON-CURRENT ASSETS | 2,205,307 | 2,577,452 | ||
Intangible assets | 8 | 434,348 | 449,356 | |
Property, plant and equipment | 9 | 788,681 | 857,799 | |
Right-of-use assets | 10 | 59,375 | 76,242 | |
Investment properties | 11 | 19,398 | 19,454 | |
Financial assets | 12 | 4,874 | 7,616 | |
Investments in associates | 14 | 43,002 | 43,387 | |
Deferred tax assets | 21 | 46,270 | 61,996 | |
Goodwill | 15 | 809,359 | 1,061,602 | |
CURRENT ASSETS | 1,733,315 | 1,316,236 | ||
Inventories | 16 | 702,699 | 578,280 | |
Trade and other receivables | 12 | 415,938 | 442,931 | |
Current tax assets | 21 | 23,097 | 17,055 | |
Taxes receivable | 21 | 35,465 | 48,526 | |
Other financial assets | 12 | 4,265 | 3,356 | |
Derivatives | 12 | 527 | 1,611 | |
Other current assets | 12,085 | 13,991 | ||
Cash and cash equivalents | 13 | 539,239 | 210,486 | |
Non-current assets held for sale | 5 & 25 | 0 | 141,974 | |
TOTAL ASSETS | ||||
3,938,622 | 4,035,662 | |||
Note | 31/12/2021 | 31/12/2020 | ||
EQUITY | 2,133,190 | 1,957,798 | ||
Equity attributable to equity | ||||
holders of the parent | 17 | 2,101,627 | 1,927,351 | |
Share capital | 92,319 | 92,319 | ||
Share premium | 4 | 4 | ||
Restricted parent company reserves | 21,633 | 21,633 | ||
Retained earnings | 1,882,678 | 1,814,239 | ||
Translation differences | 104,993 | -844 | ||
Non-controlling interests | 31,563 | 30,447 | ||
NON-CURRENT LIABILITIES | 881,681 | 895,175 | ||
Deferred income | 18 | 10,326 | 11,437 | |
Provisions for pensions and similar obligations | 19 | 35,088 | 56,466 | |
Other provisions | 20 | 15,538 | 14,089 | |
Financial liabilities | 12 | 598,509 | 570,267 | |
Deferred tax liabilities | 21 | 222,220 | 242,916 | |
CURRENT LIABILITIES | 923,751 | 1,165,216 | ||
Other financial liabilities | 12 | 445,916 | 591,759 | |
Derivatives | 12 | 1,270 | 2,732 | |
Trade and other payables | 12 | 415,565 | 485,642 | |
Current tax assets | 21 | 37,454 | 49,875 | |
Taxes payable | 21 | 19,766 | 32,785 | |
Other current liabilities | 3,780 | 2,423 | ||
Liabilities of non-current assets held for sale | 5 & 25 | 0 | 17,473 | |
TOTAL EQUITY AND LIABILITIES | ||||
3,938,622 | 4,035,662 |
The accompanying notes 1 to 28 are an integral part of the consolidated statement of financial position at December 31, 2021.
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EBRO FOODS GROUP | ||||
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | ||||
FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020 | ||||
THOUSANDS OF EUROS | Note | |||
2021 | 2020 | |||
Restated | ||||
Revenue from contracts with customers | 6 | 2,427,068 | 2,430,310 | |
Change in inventories of finished goods and work in progress | 19,398 | 5,443 | ||
Own work capitalized | 243 | 435 | ||
Other operating income | 7 | 25,687 | 11,374 | |
Raw materials and consumables used and other external expenses | 6 | -1,356,990 | -1,359,154 | |
Employee benefits expense | 7 | -333,188 | -325,729 | |
Depreciation and amortization | 8, 9, 10 & 11 | -94,565 | -93,421 | |
Other operating expenses | 7 | -484,595 | -463,725 | |
OPERATING PROFIT | 203,058 | 205,533 | ||
Finance income | 7 | 32,130 | 41,463 | |
Finance costs | 7 | -39,601 | -57,471 | |
Impairment of goodwill | 15 | 0 | -35,104 | |
Share of profit of associates | 14 | 3,144 | 5,448 | |
PROFIT BEFORE TAX | 198,731 | 159,869 | ||
Income tax | 21 | -53,512 | -42,642 | |
PROFIT FROM CONTINUING OPERATIONS | 145,219 | 117,227 | ||
Profit after tax from discontinued operations | 25 | 105,027 | 89,424 | |
GROUP PROFIT/(LOSS) FOR THE YEAR | 250,246 | 206,651 |
Attributable to: | ||||
Equity holders of the parent | 238,629 | 192,415 | ||
Non-controlling interests | 11,617 | 14,236 | ||
250,246 | 206,651 | |||
Earnings per share (euros) | Note | 2021 | 2020 | |
17 | ||||
- From continuing operations | ||||
Basic | 0.868 | 0.669 | ||
Diluted | 0.868 | 0.669 | ||
- From profit for the period | ||||
Basic | 1.551 | 1.251 | ||
Diluted | 1.551 | 1.251 |
The accompanying notes 1 to 28 are an integral part of the consolidated statement of profit or loss for the year ended December 31, 2021.
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Ebro Foods SA published this content on 06 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2023 11:59:04 UTC.
