GRENERGY RENOVABLES, S.A.

FINANCIAL STATEMENTS AND MANAGEMENT REPORT

FOR THE YEAR ENDED

DECEMBER 31, 2023

GRENERGY RENOVABLES, S.A. AND SUBSIDIARIES

STATEMENT OF FINANCIAL POSITION

AT DECEMBER 31, 2023 AND 2022

(Thousands of euros)

Notes to the

Financial Year

Financial Year

Notes to the

Financial Year

Financial Year

ASSETS

financial statements

2023

2022

EQUITY AND LIABILITIES

financial statements

2023

2022

NON-CURRENT ASSETS

EQUITY

446,033

253,252

307,308

274,730

CAPITAL AND RESERVES

305,440

274,730

Intangible assets

5

565

248

Share capital

12.1

10,714

10,714

Patents, licenses, trademarks, et al.

10

10

Issued capital

10,714

10,714

Software

555

238

Share premium

12.2

198,912

198,912

Property, plant, and equipment

6

2,607

2,181

Reserves and retained earnings

12.3

77,992

78,895

Legal reserve

2,143

1,955

Plant and other PP&E

1,897

1,833

Voluntary reserves

75,849

76,940

PP&E under construction and prepayments

710

348

(Treasury shares and own equity investments)

12.4

(32,989)

(19,728)

Investments in group companies and associates

8.1

435,343

245,776

Profit (loss) for the year

3

50,811

5,937

UNREALIZED GAINS (LOSSES) RESERVE

12.5

1,868

-

Equity instruments

153,602

39,626

Loans to group companies and associates

281,741

206,150

Hedging transactions

1,868

-

Financial investments

8.2

2,783

2,670

NON-CURRENT LIABILITIES

Equity instruments

40

40

196,934

93,125

Derivatives

2,491

-

Borrowings

133,044

92,343

Other financial assets

252

2,630

Bonds and other marketable debt securities

14.1

51,915

83,231

Deferred tax assets

16

4,735

2,377

Bank borrowings

14.2 and 14.3

80,346

8,267

Finance lease payables

7.1

783

845

Borrowings from Group companies and associates

15 and 20.1

62,621

-

Deferred tax liabilities

16

1,269

782

CURRENT ASSETS

CURRENT LIABILITIES

204,792

180,473

146,583

65,870

Inventories

9

10,161

16,389

Provisions

13

-

509

Raw materials and other consumables

864

2,136

Borrowings

126,998

39,835

Work in progress

9,160

14,253

Prepayments to suppliers

137

-

Bonds and other marketable debt securities

68,430

34,529

Trade and other receivables

143,463

144,947

Bank borrowings

14.2 and 14.3

58,222

4,875

Trade receivables

10

5,264

259

Finance lease payables

7.1

346

301

Trade receivables from group companies and associates

20.1

108,965

115,233

Other financial liabilities

14.4

-

130

Other accounts receivable

10

17,290

27,457

Payables to group companies and associates

15 and 20.1

846

1,028

Receivable from employees

154

-

Current income tax assets

16

11,510

1,610

Trade and other payables

18,739

24,498

Other receivables from public administrations

16

280

388

Investments in group companies and associates

8.1 and 20.1

942

-

Suppliers

454

12,208

Loans to group companies and associates

942

-

Suppliers, group companies and associates

20.1

13,640

10,074

Financial investments

8.2

73

1,367

Other accounts payable

2,819

530

Loans to companies

66

727

Employee benefits payable (remuneration pending payment)

1,168

1,246

Other financial assets

7

640

Other payables to public administrations

16

331

295

Accruals

1,033

404

Customer advances

10

327

145

Cash and cash equivalents

11

49,120

17,366

Cash in hand

35,740

17,366

Other cash equivalents

13,380

-

TOTAL ASSETS

650,825

433,725

TOTAL EQUITY AND LIABILITIES

650,825

433,725

The accompanying notes 1 to 22 and appendices are an integral part of the balance sheet at December 31, 2023 and 2022.

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Grenergy Renovables SA published this content on 04 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 12:06:07 UTC.