Defence Tech S p A : Financial Statements 2021

Defence Tech Holding S.p.A.

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Separate financial statements as at 31 December 2021

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Financial Statements and Notes

Defence Tech Holding S.p.A.

Registered office in Rome, Via Giacomo Peroni 452 Fully paid-up share capital Euro 2,554,286

Rome Economic and Administrative Register No. 1276114 Tax ID and Rome Business Register No. 11065701002

CONTENTS……………………………………………………

• CORPORATE BODIES ..................................................................................	3
• FINANCIAL STATEMENTS AS AT 31.12.2021 .........................................	4
• STATEMENT OF FINANCIAL POSITION ...........................................................................	4
•	INCOME STATEMENT ..........................................................................................................	5
•	NOTES TO THE FINANCIAL STATEMENTS .....................................................................	6

Defence Tech Holding S.p.A.
Separate financial statements as at 31 December 2021	2

CORPORATE BODIES

BOARD OF DIRECTORS

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Aurelio Regina	Chair
Emilio Gisondi	Chief Executive Officer
Marina Balzano	Director
Michele Valensise	Director
Stefania Panico	Director

BOARD OF STATUTORY AUDITORS…………………………

Massimo Gentile	Chair
Annamaria Carpineta	Standing Statutory Auditor
Giovanni Guerriera	Standing Statutory Auditor

INDEPENDENT AUDITOR______________……………………_

PricewaterhouseCoopers S.p.A.

Defence Tech Holding S.p.A.
Separate financial statements as at 31 December 2021	3

FINANCIAL STATEMENTS AS AT 31.12.2021

STATEMENT OF FINANCIAL POSITION

	31-12-2021	31-12-2020
Statement of financial position
Assets
B) Non-current assets
I - Intangible assets	2,517,012	710
III - Non-current financial assets	3,422,948	922,948
Total non-current assets	5,939,960	923,658
C) Current assets
II - Receivables
due within the following year	1,467,036	1,154,062
Deferred tax assets	70,638	495,784
Total receivables	1,537,674	1,649,846
IV - Cash	20,167,609	11,312
Total current assets (C)	21,705,283	1,661,158
D) Prepayments and accrued income	57,341	3,706
Total assets	27,702,584	2,588,522
Liabilities
A) Equity
I - Capital	2,554,286	1,840,000
II - Share premium reserve	24,285,714	-
IV - Legal reserve	903	903
VI - Other reserves	(1)	1
VIII - Retained earnings (accumulated losses)	(48,625)	(43,374)
IX - Profit (loss) for the period	(47,717)	(5,251)
Total equity	26,744,560	1,792,279
D) Payables
due within the following year	957,755	796,040
Total payables	957,755	796,040
E) Accrued expenses and deferred income	269	203
Total liabilities	27,702,584	2,588,522

Defence Tech Holding S.p.A.
Separate financial statements as at 31 December 2021	4

INCOME STATEMENT

	31-12-202131-12-2020
Income Statement
A) Value of Production
1) Revenues from sales and services	25,000	50,000
4) Increases in internally generated non-current assets	543,256	-
5) Other revenues and income
Other	-	2,111
Total other revenues and income	-	2,111
Total value of production	568,256	52,111
B) Costs of production
7) for services	647,263	47,797
8) for leases	632	-
10) depreciation, amortisation and impairment
a), b), c) amortisation and depreciation, other impairment	92,186	710
a) amortisation	92,186	710
Total depreciation, amortisation and impairment	92,186	710
14) sundry operating expenses	17,871	3,105
Total costs of production	757,952	51,612
Difference between value and costs of production (A - B)	(189,696)	499
C) Finance income and costs
16) other finance income
d) finance income other than the above
other	628	-
Total finance income other than the above	628	-
Total other finance income	628	-
17) interest expense and other finance costs
Other	4,870	5,750
Total interest expense and other finance costs	4,870	5,750
Total finance income and costs (15 + 16 - 17 + - 17-bis)	(4,242)	(5,750)
Profit (Loss) before tax (A - B + - C + - D)	(193,938)	(5,251)
20) Income taxes for the period, current and deferred taxes
Income (Expense) from tax consolidation scheme / pass-through taxation	146,221	-
Total income taxes for the period, current and deferred taxes	(146,221)	-
21) Profit (Loss) for the period	(47,717)	(5,251)

Defence Tech Holding S.p.A.
Separate financial statements as at 31 December 2021	5