Condensed semi annual report for the period
ending 30 June 2023
Value8 NV
Contents | ||
3. | Condensed Statement of Changes in Equity | 6 |
4. | Condensed Cash Flow Statement for the first half year | 7 |
5. | Accounting policies of Value8 NV | 9 |
6. | Private equity investments | 9 |
7. | Listed investments | 12 |
8. | Overview of private equity investments | 14 |
9. | List of listed investments (associates) | 14 |
10. | Equity | 15 |
11. | Loans from related parties | 15 |
12. | Loans from others | 15 |
13. | Corporate income tax | 15 |
14. | Related Party Transactions | 15 |
15. | Dividend payments to Value8's shareholders | 15 |
16. | Segmented information | 16 |
17. | Events after the balance date | 16 |
18. | Contingent liabilities | 16 |
19. | Statement from the Board of Directors | 16 |
1
1. Condensed Statement of Financial Position
(after profit appropriation)
(x € 1,000) | 30 June 2023 | 31 Dec 2022 |
Assets | ||
Fixed assets | ||
Tangible fixed assets | 373 | 434 |
Property investments | 715 | 715 |
Private equity investments | 22,060 | 18,071 |
Loans granted to private equity investments | 1,422 | 1,549 |
Loans granted to listed investments | 10,828 | 10,473 |
Loans granted to others | 322 | 15 |
Options listed investments | 238 | 407 |
Listed investments | 34,317 | 34,504 |
Total fixed assets | 70,275 | 66,168 |
Loans granted to listed investments | - | 410 |
Listed investments | 33,934 | 33,429 |
Receivables and accruals | 76 | 98 |
Cash | 2,121 | 323 |
Total current assets | 36,131 | 34,260 |
Total assets | 106,406 | 100,428 |
2
(x € 1,000) | 30 June 2023 | 31 Dec 2022 | |
Equity | |||
Share capital | 3,740 | 3,740 | |
5% Cumulative preference shares | 412 | 412 | |
Share premium | 36,095 | 36,095 | |
Share premium 5% cumulative preference shares | 6,948 | 6,948 | |
Revaluation reserve | 6,418 | 5,829 | |
Other reserves | 36,435 | 41,403 | |
Result | 2,071 | - 2,531 | |
Total equity attributable to shareholders of the company | 92,119 | 91,896 |
Long-term liabilities | ||
Lease and rent liabilities | 215 | 279 |
Other payables | 1,000 | - |
Total long-term liabilities | 1,215 | 279 |
Current liabilities | ||
Current account with credit institutions | 4,315 | 2,421 |
Loans from related parties | 2,202 | 2,179 |
Loans from others | 2,872 | 2,240 |
Lease and rent commitments | 129 | 124 |
Trade and other payables | 3,554 | 1,289 |
Total current liabilities | 13,072 | 8,253 |
Total liabilities | 14,287 | 8,532 |
Total equity and liabilities | 106,406 | 100,428 |
3
2. Condensed Income Statement for the first half year
(x € 1,000) | 2023 | 2022* | ||
Operating income | ||||
Fair value changes private equity investments | - | - 812 | ||
Fair value changes listed investments | 1,445 | - 3,959 | ||
Fair value changes options listed investments | - 169 | - | ||
ECL charge loans to private equity investments | - 217 | - 71 | ||
Interest on loans granted to private equity investments | 91 | 119 | ||
Interest on loans granted to listed investments | 295 | 58 | ||
Interest on loans granted to others | 1 | - | ||
Realised results listed investments | - 14 | 989 | ||
Other income (non-recurring) | 135 | - | ||
Dividends | 1,597 | 2,539 | ||
Total operating income | 3,164 | - 1,137 |
Operating costs | ||
Wages, salaries, and payroll taxes | 548 | 496 |
Other operating expenses | 278 | 390 |
Depreciation and amortisation | 61 | 48 |
Total operating expenses | 887 | 934 |
Finance income and finance expenses | ||
Financial expenses | - 206 | - 131 |
Net finance income (expense) | 2,071 | - 131 |
Result before tax | 2,071 | - 2,202 |
Income taxes | - | - |
Result after tax | 2,071 | - 2,202 |
*2022: 31 December 2021 - 30 June 2022
4
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Value8 NV published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 20:02:09 UTC.