Asmallworld : 2023 H1 Report

HALF-YEAR REPORT 2023

ASMALLWORLD GROUP | CONSOLIDATED INTERIM FINANCIAL STATEMENTS

OVERVIEW

Consolidated interim income statement	3
Consolidated interim balance sheet	4
Consolidated interim statement of changes in equity	5
Consolidated interim cash flow statement	6
Notes to the consolidated interim financial statements	7

ASMALLWORLD GROUP | CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATED INTERIM INCOME STATEMENT

Unaudited figures

in TCHF	1st half 2023	1st half 2022
Net sales	11'471.3	7'372.8
Other operating income	0.0	0.0
Total operating income	11'471.3	7'372.8
Direct expenses for services rendered	-7'389.5	-3'264.4
Personnel expenses	-1'151.0	-1'093.8
Research and development expenses	-127.9	-116.1
Other operating expenses	-1'769.0	-1'512.7
EBITDA1)	1'033.9	1'385.8
Depreciation of fixed assets	-4.6	-12.8
Amortization of intangible assets	-233.6	-337.6
Operating result	795.7	1'035.4
Financial income	61.7	83.6
Financial expenses	-213.7	-135.3
Ordinary result	643.8	983.7
Income taxes	-59.6	-23.1
Net result	584.2	960.6
Basic earnings per share (in CHF)	0.05	0.08
Diluted earnings per share (in CHF)	0.05	0.08

1. Earnings before interest (including all financial income and expenses), taxes, depreciation and amortisation

3

ASMALLWORLD GROUP | CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATED INTERIM BALANCE SHEET

Unaudited figures

in TCHF	June 30, 2023	December 31, 2022
ASSETS
Cash	2'412.8	4'013.6
Receivables from services	1'034.4	1'402.1
Other short-term receivables	255.6	225.9
Prepayments and accrued income	1'315.1	839.9
Total current assets	5'017.9	6'481.5
Tangible fixed assets	28.7	30.7
Financial assets	5'877.3	4'678.4
Intangible assets	1'093.6	1'111.5
Total non-current assets	6'999.6	5'820.6
Total assets	12'017.4	12'302.1
LIABILITIES AND EQUITY
Short-term financial liabilities	543.1	543.1
Payables for goods and services	1'355.3	1'549.2
Other short-term liabilities	127.3	145.8
Short-term provisions	40.7	35.7
Accrued liabilities and deferred income	3'481.0	3'642.9
Total current liabilities	5'547.3	5'916.6
Long-term financial liabilities	8'066.8	8'589.7
Total non-current liabilities	8'066.8	8'589.7
Total liabilities	13'614.1	14'506.3
Share capital	11'718.7	11'718.7
Capital reserves	17'407.4	17'407.4
Retained earnings	-30'722.8	-31'330.3
Total equity	-1'596.7	-2'204.2
Total liabilities and equity	12'017.4	12'302.1

4

ASMALLWORLD GROUP | CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATED INTERIM STATEMENT

OF CHANGES IN EQUITY

Unaudited figures

			Retained earnings
			Currency	Goodwill	Other	Total
in TCHF	Share	Capital	translation	offset with	retained	retained	Total
capital	reserves	effects	equity	earnings	earnings	equity

Opening as per 1 Jan 2022	11'367.2	16'785.0	-354.5	-30'918.9	-1'640.4	-32'913.9	-4'761.7
Group result 1st half 2022	0.0	0.0	0.0	0.0	960.6	960.6	960.6
Capital increase	351.6	622.4	0.0	0.0	0.0	0.0	973.9
Share-based compensation	0.0	0.0	0.0	0.0	110.4	110.4	110.4
Currency translation adjustments	0.0	0.0	-55.3	0.0	0.0	-55.3	-55.3
Closing as per 30 June 2022	11'718.7	17'407.4	-409.8	-30'918.9	-569.5	-31'898.3	-2'772.1
Opening as per 1 Jan 2023	11'718.7	17'407.4	-387.1	-30'918.9	-24.3	-31'330.3	-2'204.2
Group result 1st half 2023	0.0	0.0	0.0	0.0	584.2	584.2	584.2
Share-based compensation	0.0	0.0	0.0	0.0	39.1	39.1	39.1
Currency translation adjustments	0.0	0.0	-15.7	0.0	0.0	-15.7	-15.7
Closing as per 30 June 2023	11'718.7	17'407.4	-402.8	-30'918.9	599.0	-30'722.8	-1'596.7

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