GLOBE TRADE CENTRE S.A.
CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2022
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Data: 2023.04.24 | ||
17:04:28 CEST | przez János Gárdai | |
Data: 2023.04.24 | Dokument podpisany | |
17:06:31 CEST | przez Zoltán Fekete | |
Data: 2023.04.24 | ||
17:53:09 CEST |
Globe Trade Centre S.A.
Consolidated Statement of Financial Position
as of 31 December 2022
(in thousands of Euro)
Note | 31 December | 31 December | ||||||
2022 | 2021 | |||||||
ASSETS | ||||||||
Non-current assets | ||||||||
Investment property | 17 | 2,243,663 | 2,240,660 | |||||
Residential landbank | 19 | 26,610 | 27,002 | |||||
Property, plant and equipment | 16 | 11,141 | 7,834 | |||||
Blocked deposits | 22 | 11,948 | 11,078 | |||||
Deferred tax asset | 15 | 3,161 | 3,786 | |||||
Derivatives | 20 | 17,054 | 826 | |||||
Non-current financial assets (related to | ||||||||
investment property) measured at fair value | 18 | 130,341 | - | |||||
through profit or loss | ||||||||
Other non-current assets | 190 | 163 | ||||||
Loan granted to non-controlling interest | 28 | 10,936 | 10,628 | |||||
partner | ||||||||
2,455,044 | 2,301,977 | |||||||
Current assets | ||||||||
Accounts receivables | 7,913 | 6,161 | ||||||
Accrued income | 4,391 | 3,448 | ||||||
Receivables from shareholders | 31 | - | 123,425 | |||||
VAT and other tax receivables | 27 | 5,305 | 2,957 | |||||
Income tax receivables | 1,958 | 456 | ||||||
Prepayments, deferred expenses and other | 34 | 7,739 | 11,515 | |||||
receivables | ||||||||
Derivatives | 20 | 7,793 | - | |||||
Short-term blocked deposits | 22 | 13,025 | 14,341 | |||||
Cash and cash equivalents | 23 | 115,079 | 87,468 | |||||
Assets held for sale | 33 | 51,635 | 292,001 | |||||
214,838 | 541,772 | |||||||
TOTAL ASSETS | 2,669,882 | 2,843,749 |
2
Globe Trade Centre S.A.
Consolidated Statement of Financial Position
as of 31 December 2022
(in thousands of Euro)
Note | 31 December | 31 December | |||||
2022 | 2021 | ||||||
EQUITY AND LIABILITIES | |||||||
Equity attributable to equity holders of the | |||||||
Company | |||||||
Share capital | 31 | 12,920 | 11,007 | ||||
Share premium | 31 | 668,904 | 550,522 | ||||
Unregistered share capital increase | 31 | - | 120,295 | ||||
Capital reserve | 31 | (49,311) | (49,489) | ||||
Hedge reserve | 20 | (7,515) | (30,903) | ||||
Foreign currency translation reserve | (2,621) | (2,570) | |||||
Accumulated profit | 31 | 490,532 | 501,704 | ||||
1,112,909 | 1,100,566 | ||||||
Non-controlling interest | 28 | 22,678 | 16,423 | ||||
Total Equity | 1,135,587 | 1,116,989 | |||||
Non-current liabilities | |||||||
Long-term portion of long-term | 29 | 1,189,284 | 1,255,114 | ||||
borrowings | |||||||
Lease liabilities | 30 | 41,483 | 38,767 | ||||
Deposits from tenants | 25 | 11,948 | 11,078 | ||||
Long term payables | 26 | 2,394 | 2,426 | ||||
Share based payment liabilities | 32 | 758 | 1,410 | ||||
Derivatives | 20 | 46,798 | 38,743 | ||||
Deferred tax liabilities | 15 | 141,176 | 140,145 | ||||
Current liabilities | 1,433,841 | 1,487,683 | |||||
Current portion of long-term borrowings | 29 | 48,571 | 44,337 | ||||
Current portion of lease liabilities | 30 | 388 | 198 | ||||
Trade payables and provisions | 21 | 41,208 | 31,092 | ||||
Deposits from tenants | 25 | 1,639 | 1,932 | ||||
VAT and other taxes payables | 1,828 | 2,222 | |||||
Income tax payables | 3,571 | 1,000 | |||||
Derivatives | 20 | 2,180 | 2,681 | ||||
Advances received | 1,069 | 784 | |||||
Liabilities related to assets held for sale | 33 | - | 154,831 | ||||
100,454 | 239,077 | ||||||
TOTAL EQUITY AND LIABILITIES | 2,669,882 | 2,843,749 |
3
Globe Trade Centre S.A.
Consolidated Income Statement
for the year ended 31 December 2022
(in thousands of Euro)
Year ended | Year ended | ||||
31 December | 31 December | ||||
Note | 2022 | 2021 | |||
Rental revenue | 10,14 | 123,556 | 130,289 | ||
Service charge revenue | 10,14 | 43,007 | 41,662 | ||
Service charge costs | 10,14 | (47,365) | (44,356) | ||
Gross margin from operations | 119,198 | 127,595 | |||
Selling expenses | 11 | (1,768) | (1,652) | ||
Administration expenses | 12 | (15,040) | (14,145) | ||
Loss from revaluation of investment | |||||
property and residential landbank | 17 | (29,422) | (12,867) | ||
Other income | 1,467 | 1,432 | |||
Other expenses | 24 | (2,979) | (1,062) | ||
Profit from continuing operations before | 71,456 | 99,301 | |||
tax finance income / expense and | |||||
foreign exchange differences | |||||
Foreign exchange gain / (loss), net | (2,238) | 196 | |||
Finance income | 13 | 1,412 | 304 | ||
Finance costs | 13 | (33,108) | (43,281) | ||
Profit before tax | 37,522 | 56,520 | |||
Taxation | 15 | (12,761) | (13,784) | ||
Profit for the year | 24,761 | 42,736 | |||
Attributable to: | |||||
Equity holders of the Parent Company | 23,411 | 41,651 | |||
Non-controlling interest | 28 | 1,350 | 1,085 | ||
Basic earnings | 35 | 0.04 | 0.09 | ||
per share (in Euro) | |||||
Diluted earnings | 35 | 0.04 | 0.09 | ||
per share (in Euro) |
4
Globe Trade Centre S.A.
Consolidated Statement of Comprehensive Income
for the year ended 31 December 2022
(In thousands of Euro)
Year ended | Year ended | |||||||||
31 December | 31 December | |||||||||
2022 | 2021 | |||||||||
Profit/(loss) for the period | 24,761 | 42,736 | ||||||||
Other comprehensive income for the period, | - | - | ||||||||
not to be reclassified to profit or loss in subsequent | ||||||||||
periods, net of tax | ||||||||||
Gain/(loss) on hedge transactions | 27,533 | (20,356) | ||||||||
Income tax | (4,145) | 1,383 | ||||||||
Net gain/(loss) on hedge transactions | 23,388 | (18,973) | ||||||||
Foreign currency translation | (51) | (17) | ||||||||
Other comprehensive income for the period, | 23,337 | (18,990) | ||||||||
to be reclassified to profit or loss in subsequent | ||||||||||
periods, net of tax | ||||||||||
Total comprehensive income/(loss) for the | 48,098 | 23,746 | ||||||||
period, net of tax | ||||||||||
Attributable to: | ||||||||||
Equity holders of the Company | 46,748 | 22,661 | ||||||||
Non-controlling interest | 1,350 | 1,085 |
5
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GTC - Globe Trade Centre SA published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 07:12:11 UTC.