ISPD: Interim Financial Statements for the period ended 30 June 2023

ISPD Network, S.A.

Interim Financial Statements

for the period ended 30 June 2023

ISPD Network, S.A. Interim Financial Statements at 30 June 2023

ISPD Network, S.A.
Balance Sheet
at 30 June 2022
(in Euros)
ASSETS	Note	30.06.2023	31.12.2022	30.06.2022
NON-CURRENT ASSETS		18,852,972	18,906,244	19,344,262
Intangible assets	6	676,723	769,482	197,686
Assets under construction			698,500	197,686
Computer software		676,723	70,982
Property, plant and equipment	5	189,225	149,738	74,167
Technical installations and other items of PPE		189,225	149,738	74,167
Non-current investments in group companies and		17,568,412	17,568,412	18,529,689
associates
Equity instruments	9	17,468,412	17,468,412	17,817,689
Non-current loans to group companies and associates	8.1 and 18	100,000	100,000	712,000
Non-current investments	8.1	2,610	2,610	2,610
Loans to companies		2,610	2,610	2,610
Other financial assets		-	-	-
Deferred tax assets	13	416,002	416,002	540,110
CURRENT ASSETS		2,593,309	5,938,091	2,159,828
Inventories		200,000	-	-
Supplier advances, Group companies		200,000	-	-

Trade and other receivables

Trade receivables

Trade receivables from group companies and associates Other receivables

Personnel

Other receivables from Public Entities

Current investments in group companies and associates

Debt securities

Loans to companies

Current investments

Current accruals

Cash and cash equivalents

Cash

TOTAL ASSETS

	2,008,895	4,685,253	1,246,830
8.1	1,084	6,010
8.1 and 18	1,433,551	4,453,116	1,038,627
			-
8.1	4,900
13	569,360	226,127	208,203
8.1 and 18	2,210	879,372	717,488
			-
	2,210	879,372	717,488
	-	-
	318,709	180,032	41,122
8.1	63,495	193,434	154,388
	63,495	193,434	154,388
	21,446,281	24,844,335	21,504,090

2

ISPD Network, S.A. Interim Financial Statements at 30 June 2023

ISPD Network, S.A.
Balance Sheet
at 30 June 2022
(in Euros)
EQUITY AND LIABILITIES	Note	30.06.2023	31.12.2022	30.06.2022
EQUITY		4,470,220	7,009,755	4,734,607
Equity	11	4,470,220	7,009,755	4,734,607
Share capital		819,099	819,099	819,099
Issued capital		819,099	819,099	819,099
Share Premium	11.2			-
Reserves	11.2	12,701,235	12,701,235	12,701,235
Legal and statutory reserves		46,282	46,282	46,282
Other reserves		12,654,953	12,654,953	12,654,953
(Treasury shares and equity holdings)	11.2 d	(665,000)	(665,000)	(665,000)
Prior period's losses		(5,845,579)	(5,702,589)	(5,702,589)
Profit/(loss) for the year	3	(2,539,535)	(142,990)	(2,418,139)
Other equity instruments	19		-	-
NON-CURRENT LIABILITIES		5,523,519	5,574,528	5,596,352
Non-current payables	8.2.2	346,271	397,280	419,104
Finance lease payables		-	5,545	5,545
Debts with financial institutions		332,301	373,108	413,559
Other financial liabilities	8.2	13,970	18,627	-
Non-current payables, Group companies	8.2 and 18	5,177,248	5,177,248	5,177,248
CURRENT LIABILITIES		11,452,542	12,260,052	11,173,131
Short-term provisions		361		-
Current payables	8.2	2,913,108	1,491,386	3,231,789
Debts with financial institutions		2,413,857	897,413	1,315,744
Finance lease payables			17	4,729
Other financial liabilities		499,251	593,956	1,911,317
Current payables to Group companies and associates	8.2 and 18	4,736,394	7,481,048	5,317,982
Trade and other payables		3,802,679	3,287,618	2,623,359
Suppliers	8.2	188,239	121,540	39,987
Suppliers, group companies and associates	8.2 and 18	2,073,368	1,540,566	693,135
Other payables	8.2	1,082,970	966,884	1,001,556
Personnel (outstanding remunerations)	8.2	265,450	316,433	215,112
Current tax liabilities	13	28,404	28,404	28,404
Other payables to Public Entities	13	164,248	313,791	645,165
Advances from customers	8.2		-	-
TOTAL EQUITY AND LIABILITIES		21,446,281	24,844,335	21,504,090

3

ISPD Network, S.A. Interim Financial Statements at 30 June 2023

ISPD Network, S.A.
Profit and Loss Account
for the annual period ended 30 June 2022
	(in Euros)
	Note	30.06.2023	31.12.2022	30.06.2022
CONTINUING OPERATIONS
Net turnover:	14.d	1,661,047	8,420,477	992,483
Sales		4,600	47,525	-
Rendering of services		1,656,447	8,372,952	992,483
Supplies		(1,134)	(109,455)	(35,903)
Merchandise used				(10,820)
Work performed by other companies		(1,134)	(109,455)	(25,083)
Other operating income:		-	2,515	-
Ancillary income and from ongoing			2,515	-
operations
Personnel expenses:		(2,526,869)	(4,120,624)	(1,929,041)
Wages and salaries	14.a	(2,172,982)	(3,516,989)	(1,635,703)
Employee benefit expense	(353,887)	(603,635)	(293,337)
Other operating expenses		(1,646,820)	(4,384,335)	(1,347,622)
External services		(1,632,516)	(3,519,541)	(1,302,995)
Taxes				(237)
Losses, impairment and variation of		-	(28,262)	(28,262)
provisions for trade receivables
Other expenses from ongoing operations		(14,304)	(836,532)	(16,128)
Amortization and depreciation	5 and 6	(133,257)	(87,151)	(41,374)
Impairment and gains/losses on disposal of	14.c		38,907	38,907
fixed assets
Other income / (loss)		32,332	998,790	(2,781)
OPERATING PROFIT / (LOSS)		(2,614,701)	759,124	(2,325,330)
Finance income:	14.b	2,558	13,759	6,951
Dividends		-	-	-
Group companies and associates				-
Marketable securities and other financial		2,558	13,759	6,951
instruments
Group companies and associates		2,210	7,870	3,326
Other		348	5,889	3,624
Finance Expenses:	14.b	(228,508)	(207,848)	(69,768)
Debts with third parties		(14,303)	(17,828)	(7,080)
Debts with Group companies and associates		(214,205)	(190,020)	(62,687)
Translation differences	12	309,661	4,793	(29,992)
Impairment and gains / (losses) on disposal of			(586,389)
financial instruments
NET FINANCE INCOME/(EXPENSE)		83,711	(775,684)	(92,809)
PROFIT / (LOSS) BEFORE INCOME TAX	(2,530,990)	(16,560)	(2,418,139)
Income Tax	13	(8,545)	(124,108)	-
Other taxes			(2,322)
PROFIT/(LOSS) FOR THE YEAR		(2,539,535)	(142,990)	(2,418,139)

4

		ISPD Network, S.A.
		Statement of Changes in Equity
	for the annual period ended 30 June 2023
A) STATEMENT OF RECOGNIZED INCOME AND EXPENSES	30.06.2023	31.12.2022	30.06.2022
PROFIT / (LOSS) FOR THE PERIOD	(2,539,535)	(142,990)	(2,418,139)
Income and expense directly recognized in equity:

1. TOTAL INCOME AND EXPENSES DIRECTLY RECOGNIZED IN EQUITY Transfers to Profit and Loss Account
2. TOTAL TRANSFERS TO PROFIT AND LOSS ACCOUNT

TOTAL RECOGNIZED INCOME AND EXPENSE	(2,539,535)	(142,990)	(2,418,139)
B) STATEMENT OF TOTAL CHANGES IN EQUITY
			(Treasury shares	Profit/(loss) for	Prior period's
	Issued capital	Reserves	and equity
	the year	losses
			holdings)
BALANCE AT 30 JUNE 2022	819,099	12,701,235	(665,000)	(2,418,139)	(5,702,590)
Other changes in equity	-	-	-	2,275,149	-
Profit/(loss) for the year	-	-	-	2,275,149	-
Other transactions	-	-	-	-	-
Capital increase and other distributions	-	-	-	-	-
BALANCE AT 31 DECEMBER 2022	819,099	12,701,235	(665,000)	(142,990)	(5,702,590)
Other changes in equity	-	-	-	(2,539,535)	-
Profit/(loss) for the year	-	-	-	(2,539,535)	-
Other transactions	-	-	-	-	-
Capital increase and other distributions	-	-	-	142,990	(142,900)
BALANCE AT 30 JUNE 2023	819,099	12,701,235	(665,000)	(2,539,535)	(5,845,580)

Total

4,734,605

2,275,149

2,275,149

-

-

7,009,755

(2,752,153)

(2,752,153)

-

-

4,470,220