City Service : 2021 Q4 Interim consolidated financial statements (1.4 MB)

CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE TWELVE MONTHS PERIOD ENDED 31 DECEMBER, 2021 (UNAUDITED)

Consolidated interim financial statements for the twelve months period ended 31 December, 2021 (unaudited), thousand euros

City Service SE

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE TWELVE MONTHS PERIOD ENDED 31 DECEMBER, 2021 (UNAUDITED)

Beginning of the reporting period	1 January 2021
End of the reporting period	31 December 2021
Business name	City Service SE
Registration number	12827710
Legal address	Narva mnt. 5, 10117 Tallinn, the Republic of Estonia
Telephone	[phone]
Fax	[phone]
E-mail	[e-mail]
Website	http://www.cityservice.eu
Auditor	Ernst & Young Baltic AS

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Consolidated interim financial statements for the twelve months period ended
31 December, 2021 (unaudited), thousand euros
CONTENTS
DECLARATION OF THE MANAGEMENT .....................................................................................................................	4
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ............................................................................................	5
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ...................................................................................	7
STATEMENTS OF COMPREHENSIVE INCOME ............................................................................................................	8
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY .............................................................................................	9
CONSOLIDATED STATEMENT OF CASH FLOWS .......................................................................................................	10
GENERAL INFORMATION .........................................................................................................................................	11
1.1. ACTIVITY ...................................................................................................................................................	11
1.2. SHARE CAPITAL OF THE COMPANY ..........................................................................................................	12
1.3. SHAREHOLDERS OF THE COMPANY .........................................................................................................	12
1.4. CITY SERVICE GROUP ................................................................................................................................	13
1.5. COMPANY'S SUPERVISORY BOARD ..........................................................................................................	17
1.6. COMPANY'S MANAGEMENT BOARD........................................................................................................	18
1.7. ACTIVITY AND SEGMENT INFORMATION .................................................................................................	20
ACCOUNTING POLICIES............................................................................................................................................	22
GOODWILL...............................................................................................................................................................	22
SIGNIFICANT EVENTS ...............................................................................................................................................	25
OTHER INTANGIBLE ASSETS.....................................................................................................................................	28
PROPERTY, PLANT AND EQUIPMENT ......................................................................................................................	29
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE....................................................................................	30
RIGHT OF USE ASSETS AND LEASE ...........................................................................................................................	33
TRADE RECEIVABLES ................................................................................................................................................	34
BORROWINGS..........................................................................................................................................................	34
COST OF SALES.........................................................................................................................................................	35
GENERAL AND ADMINISTRATIVE EXPENSES............................................................................................................	35
OTHER OPERATING INCOME (EXPENSES)................................................................................................................	36
INTEREST AND OTHER FINANCE INCOME AND (EXPENSES)....................................................................................	36
DIVIDENDS PER SHARE ............................................................................................................................................	36
RELATED PARTY TRANSACTIONS .............................................................................................................................	37
SUBSEQUENT EVENTS..............................................................................................................................................	38

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Consolidated interim financial statements for the twelve months period ended 31 December, 2021 (unaudited), thousand euros

DECLARATION OF THE MANAGEMENT

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Consolidated interim financial statements for the twelve months period ended 31 December, 2021 (unaudited), thousand euros

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

			Notes	As of 31	As of 31
			December 2021	December 2020
	Assets
	NON-CURRENT ASSETS
Goodwill	3	10,446	9,253
Other intangible assets	5	21,213	24,749
Property, plant and equipment	6	4,528	6,584
Right of use assets	8	5,814	8,681
Investments into associates			-	216
Non-current receivables	9	5,762	8,924
Deferred income tax asset			2,402	3,785
Total non-current assets			50,165	62,192
CURRENT ASSETS
Inventories			1,434	1,200
Prepayments			1,946	1,482
Trade receivables	9	29,869	31,493
Receivables from related parties	16	545	423
Contract assets			2,128	1,728
Other receivables and current assets			5,391	6,252
Cash and cash equivalents			6,172	14,119
Total current assets			47,485	56,697
Assets held for sale			-	1,210
	Total assets			97,650	120,099

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