Hybrid Software Group PLC Annual Report 2022 Hybrid Software Group Strategic report Governance Financial statements Other information Hybrid Software Group PLC Annual Report 2022 72 73 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended 31 December In thousands of euros Note 2022 2021 Continuing operations Revenue 7 46,693 48,562 Cost of sales (7,388) (8,475) Gross profit 39,305 40,087 Selling, general and administrative expenses (26,841) (22,457) Research and development expenses (13,488) (12,713) Other operating expenses 8 (3) (180) Other income 9 3,301 33 Operating profit 2,274 4,770 Finance income 14 43 870 Finance expenses 14 (424) (466) Net finance (expenses)/income (381) 404 Foreign currency exchange losses (58) (609) Profit before tax 1,835 4,565 Tax (charge)/credit 19 (535) 349 Profit from continuing operations 1,300 4,914 Other comprehensive (loss)/income Items that may be reclassified subsequently to profit or loss: Foreign currency translation differences (282) 2,108 Other comprehensive (loss)/income for the year (282) 2,108 Total comprehensive income attributable to equity holders 1,018 7,022 Earnings per ordinary share Basic earnings per share (euro) 29 0.04 0.15 Diluted earnings per share (euro) 29 0.04 0.15 The notes on pages 76 to 112 are an integral part of these consolidated financial statements. CONSOLIDATED STATEMENT OF FINANCIAL POSITION For the year ended 31 December In thousands of euros Note 2022 2021 ASSETS Non-current assets Property, plant and equipment 15 1,702 1,662 Right-of-use assets 26 2,912 3,606 Other intangible assets 16 43,959 45,205 Goodwill 17 65,927 64,678 Financial assets 18 955 935 Deferred tax assets 19 2,069 2,236 Trade and other receivables due after more than one year 20 3,718 3,682 Total non-current assets 121,242 122,004 Current assets Inventories 21 3,913 2,308 Current tax assets - 71 Trade and other receivables 22 10,893 10,915 Other current assets 23 425 297 Prepayments 1,611 1,684 Cash and cash equivalents 24 6,317 9,234 Total current assets 23,159 24,509 TOTAL ASSETS 144,401 146,513 EQUITY AND LIABILITIES Equity attributable to owners of the Parent Share capital 25 13,164 13,164 Share premium 25 1,979 1,979 Merger reserve 25 67,015 67,015 Treasury shares 25 (161) (202) Retained earnings 39,847 38,624 Foreign currency translation reserve (10,911) (10,629) Total equity 110,933 109,951 Non-current liabilities Deferred tax liabilities 19 8,664 9,646 Lease liabilities 26 2,560 3,060 Accrued liabilities 1,147 1,316 Other liabilities 27 3,931 7,407 Contract liabilities 7,28 44 427 Total non-current liabilities 16,346 21,856 Current liabilities Current tax liabilities 1,366 821 Trade and other payables 2,919 1,931 Lease liabilities 26 834 761 Accrued liabilities 2,287 4,261 Other liabilities 27 5,881 3,767 Contract liabilities 7,28 3,835 3,165 Total current liabilities 17,122 14,706 Total liabilities 33,468 36,562 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 144,401 146,513 The notes on pages 76 to 112 are an integral part of these consolidated financial statements. These financial statements on pages 72 to 75 were approved and authorised for issue by the Board of Directors on 11 April 2023 and were signed on its behalf by: Michael Rottenborn Director Company registered number: 10872426
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