Interim Report for June 30
2022
Key Figures of Varengold Bank AG
Key figures per share | 30.06.2022 | 30.06.2021 |
in EUR | in EUR | |
Earnings per share | 1.15 | 0.71 |
31.12.2021 | ||
in EUR | ||
Market capitalization | 38,163,457 | 44,390,126 |
Profit and Loss Statement | 01.01.2022 | 01.01.2021 |
to 30.06.2022 | to 30.06.2021 | |
in TEUR | in TEUR | |
Interest income | 3,462 | 3,877 |
Current income from shares and other non- | 172 | 383 |
fixed income securities and shares in affiliated | ||
companies | ||
Commission income | 28,578 | 19,303 |
Other operating income | 808 | 63 |
Administrative expenses | -12,524 | -9,908 |
Depreciation and value adjustments | -2,334 | -5,602 |
Income from normal business operations | 18,160 | 8,116 |
Balance for the year | 11,563 | 7,088 |
Balance sheet | 30.06.2022 | 30.06.2021 |
in TEUR | in TEUR | |
Total assets | 1,739,033 | 1,205,285 |
Net assets | 67,394 | 45,754 |
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Preliminary Notes
The key figures contained in this half-year financial report, as well as the half-year financial report - consisting of the balance sheet, the profit and loss statement and the explanatory notes for the balance sheet, the profit and loss statement, as well as the interim management report - are unaudited.
Statement of the legal representatives:
The Board of Directors confirms that to the best of their knowledge, the presented interim report, developed using standard accounting principles, provides the most true and fair view of the assets, financial position, and results of operations of the company and that the interim report represents the most true and fair view of the company with respect to the important events within the first six months of the business year and the possible impact upon the business.
16 September 2022
Dr. Bernhard Fuhrmann and Frank Otten Board of Directors of Varengold Bank AG
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Contents
Key Figures of Varengold Bank AG | 2 | |||
Preliminary Notes | 3 | |||
01 | Letter to the Shareholders | 5 | ||
02 | Core Business Areas | 8 | ||
03 | Shares | 11 | ||
04 | Interim Report | 14 | ||
Balance sheet as of 30 June 2022 | 15 | |||
Profit and Loss Statement | 17 | |||
Notes | 19 | |||
1 | General information | 19 | ||
2 | Accounting and valuation methods | 19 | ||
3 | Currency translation | 21 | ||
4 | Notes to the balance sheet | 22 | ||
5 | Notes to the Profit and Loss Statement | 30 | ||
6 | Other information | 33 | ||
Interim Management Report | 36 | |||
A. | Fundamentals of the Varengold Bank | 36 | ||
B. | Economic report | 36 | ||
1. | Macro-economic and industry-related conditions | 36 | ||
2. | Business development | 38 | ||
3. | Position | 39 | ||
C. | Risk, opportunity, and outlook report | 42 | ||
1. | Risk report | 42 | ||
2. | Opportunity report | 49 | ||
3. | Outlook report | 51 | ||
05 | New Work Culture | 53 |
01 Letter to the Shareholders
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Varengold Bank AG published this content on 19 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 20:55:57 UTC.