Hybrid Software Group PLC Annual Report 2022 Hybrid Software Group Strategic report Governance Financial statements Other information Hybrid Software Group PLC Annual Report 2022 114 115 COMPANY STATEMENT OF CHANGES IN EQUITY In thousands of euros Note Called up share capital Share premium account Merger reserve Treasury shares Profit and loss account Total equity Balance at 31 December 2020 4,734 1,979 - (309) 9,148 15,552 Total comprehensive loss for the year Net loss for the year - - - - (218) (218) Total comprehensive income for the year - - - - (218) (218) Transactions with owners Share-based payment transactions 10 - - - 107 (107) - Acquisition – newly issued shares 9 8,430 - 67,015 - (89) 75,356 Total transactions with owners 8,430 - 67,015 107 (196) 75,356 Balance at 31 December 2021 13,164 1,979 67,015 (202) 8,734 90,690 Total comprehensive profit for the year Net profit for the year - - - - 184 184 Total comprehensive profit for the year - - - - 184 184 Transactions with owners Share-based payment transactions 10 - - - 41 (41) - Acquisition – newly issued shares 9 - - - - (36) (36) Total transactions with owners - - - 41 (77) (36) Balance at 31 December 2022 13,164 1,979 67,015 (161) 8,841 90,838 The notes on pages 115 to 1119 form part of these financial statements. NOTES TO THE COMPANY FINANCIAL STATEMENTS 1. PRINCIPAL ACCOUNTING POLICIES Hybrid Software Group PLC is a company incorporated and domiciled in the United Kingdom. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Company’s financial statements. Basis of preparation These financial statements were prepared in accordance with Financial Reporting Standard 101 - Reduced Disclosure Framework (“FRS 101”). In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of UK-adopted international accounting standards but makes amendments where necessary to comply with Companies Act 2006 and has set out below where advantage of the FRS 101 disclosure exemptions has been taken. The Company is an ultimate parent undertaking and is included in the Company's consolidated financial statements. The consolidated financial statements are prepared in accordance with IFRS and are available to the public and may be obtained from 2030 Cambourne Business Park, Cambourne, CB23 6DW. In these financial statements, the company has applied the exemptions available under FRS 101 in respect of the following disclosures: • A Cash Flow Statement and related notes; • Comparative period reconciliations for share capitals; • Disclosures in respect of transactions with wholly owned subsidiaries; • Disclosures in respect of capital management; • The effects of new but not yet effective IFRS; and • Disclosures in respect of the compensation of Key Management Personnel. As the consolidated financial statements of the Company include the equivalent disclosures, the Company has also taken the exemptions under FRS 101 available in respect of the following disclosures: • IFRS 2 Share Based Payments in respect of group settled share based payments; • Certain disclosures required by IFRS 3 Business Combinations in respect of business combinations undertaken by the Company; and • Financial instruments. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements. Investments Investments in subsidiary undertakings are stated at cost, less provision for any impairment in value. Foreign currencies The functional and presentation currency of the Company is euro. Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date or at a contracted rate if applicable and any exchange differences arising are taken to the profit and loss account. Provisions Provisions are recognised when the Company has a present obligation as a result of a past event, and it is probable that the Company will be required to settle that obligation. Provisions are measured at the Directors’ best estimate of the expenditure required to settle the obligation at the balance sheet date and are discounted to present value where the effect is material. Taxation The charge for taxation is based on the profit or loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as required by IAS 12.
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