INVIBES ADVERTISING NV
REIGERSTRAAT 8,
9000 GHENT
BELGIUM
CONSOLIDATED FINANCIAL STATEMENTS
Interim accounts
From January 1st, 2022 to June 30th, 2022
|
INVIBES ADVERTISING NV Group |
Consolidated accounts on June 30th, 2022 |
REPORT ON THE WORK PERFORMED
As agreed, we have conducted the preparation of the consolidated accounts of the INVIBES ADVERTISING NV GROUP for the period from 1 January 2021 to 31 December 2021.
These consolidated accounts, along with the additional notes, are attached to the present report on the work performed.
They were prepared using the accounts of the parent company and information provided by the services of the Group.
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They are characterized as follows: |
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– Total of the consolidated balance sheet |
38 586 062 € |
|
|
– |
Consolidated sales |
13 264 806 € |
|
– |
Group equity |
25 395 629 € |
|
– |
Consolidated net income |
– 1 740 445 € |
|
– Net income attributable to the parent company |
– 1 699 096 € |
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Signéélectroniquementle29/09/2022par |
Laval |
|
Jean-FrancoisMerlet |
|
Jean-François MERLET
Expert-comptable Diplômé
(Certified Public Accountant)
Page 2 / 44
RSM France
|
INVIBES ADVERTISING NV Group |
Consolidated accounts on June 30th, 2022 |
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Table of contents |
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Consolidated balance sheet……………………………………………………………………………………… |
5 |
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Consolidated income statement……………………………………………………………………………….. |
7 |
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Comprehensive income …………………………………………………………………………………………… |
8 |
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Statement of changes in equity ………………………………………………………………………………… |
9 |
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Cash flow statement……………………………………………………………………………………………… |
10 |
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1 GENERAL INFORMATION …………………………………………………………………………………. |
12 |
1.1 General information, statement of compliance with IFRS and going concern assumption
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12 |
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1.2 |
New or revised standards or interpretations……………………………………………………………………………….. |
12 |
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1.3 |
Restatement of accounts…………………………………………………………………………………………………………………….. |
13 |
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1.4 |
Consequences of the Covid-19 pandemic………………………………………………………………………………………. |
14 |
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1.5 |
War in Ukraine ………………………………………………………………………………………………………………………………………. |
14 |
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1.6 |
Major operations…………………………………………………………………………………………………………………………………… |
14 |
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2 |
SIGNIFICANT ACCOUNTING POLICIES…………………………………………………………………. |
15 |
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2.1 |
Basis of preparation……………………………………………………………………………………………………………………………… |
15 |
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2.2 |
Basis of consolidation………………………………………………………………………………………………………………………….. |
15 |
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2.3 |
Scope of the consolidation level ……………………………………………………………………………………………………….. |
15 |
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2.4 |
Translation of the accounts and the operations denominated in a foreign currency ………. |
17 |
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2.5 |
Goodwill…………………………………………………………………………………………………………………………………………………… |
18 |
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2.6 |
Other intangible assets………………………………………………………………………………………………………………………… |
19 |
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2.7 |
Property, plant and equipment…………………………………………………………………………………………………………. |
20 |
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2.8 |
Right-of-use assets ……………………………………………………………………………………………………………………………….. |
20 |
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2.9 |
Financial assets ……………………………………………………………………………………………………………………………………… |
21 |
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2.10 |
Accounts receivable……………………………………………………………………………………………………………………………… |
21 |
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2.11 |
Other current assets …………………………………………………………………………………………………………………………….. |
21 |
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2.12 |
Cash and cash equivalents………………………………………………………………………………………………………………….. |
21 |
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2.13 |
Equity, reserves and dividend payments ………………………………………………………………………………………. |
21 |
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2.14 |
Financial liabilities ……………………………………………………………………………………………………………………………….. |
22 |
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2.15 |
Financial instruments………………………………………………………………………………………………………………………….. |
22 |
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2.16 |
Lease liabilities………………………………………………………………………………………………………………………………………. |
22 |
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2.17 |
Provisions ……………………………………………………………………………………………………………………………………………….. |
22 |
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2.18 |
Trade payables………………………………………………………………………………………………………………………………………. |
23 |
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2.19 |
Other liabilities………………………………………………………………………………………………………………………………………. |
23 |
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2.20 |
Pension liabilities………………………………………………………………………………………………………………………………….. |
23 |
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2.21 |
Revenue……………………………………………………………………………………………………………………………………………………. |
23 |
|
2.22 |
Finance cost other financial items……………………………………………………………………………………………………. |
24 |
|
2.23 |
Taxes…………………………………………………………………………………………………………………………………………………………. |
24 |
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2.24 |
Earnings per share ……………………………………………………………………………………………………………………………….. |
24 |
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2.25 |
Determining accounting estimates and judgements………………………………………………………………….. |
24 |
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3 NOTES ON THE CONSOLIDATED FINANCIAL STATEMENTS |
……………………………………..26 |
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3.1 |
Operating segment information……………………………………………………………………………………………………….. |
26 |
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3.2 |
Notes on the consolidated balance sheet ………………………………………………………………………………………. |
27 |
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3.3 |
Notes on consolidated income statement ……………………………………………………………………………………… |
39 |
Page 3 / 44
RSM France
|
INVIBES ADVERTISING NV Group |
Consolidated accounts on June 30th, 2022 |
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|
4 |
ADDITIONAL INFORMATION …………………………………………………………………………….. |
41 |
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4.1 |
Remuneration of the statutory auditor ………………………………………………………………………………………….. |
41 |
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4.2 |
Off-balance sheet commitments……………………………………………………………………………………………………….. |
42 |
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4.3 |
Related parties……………………………………………………………………………………………………………………………………….. |
42 |
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4.4 |
Risk factors……………………………………………………………………………………………………………………………………………… |
43 |
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4.5 |
Events after closing………………………………………………………………………………………………………………………………. |
44 |
Page 4 / 44
RSM France
|
INVIBES ADVERTISING NV Group |
Consolidated accounts on June 30th, 2022 |
Consolidated balance sheet
|
Note |
30/06/2022 |
31/12/2021 |
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NON-CURRENT ASSETS |
|||
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Goodwill |
3.2.1 |
2 104 |
2 100 |
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Other intangible assets |
3.2.2 |
3 464 |
2 729 |
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Property, plant and equipment |
3.2.3 |
324 |
260 |
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Right-of-use assets |
3.2.4 |
385 |
468 |
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Long-term financial assets |
3.2.5 |
790 |
760 |
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Deferred tax assets |
3.2.6 |
350 |
339 |
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TOTAL NON-CURRENT ASSETS |
7 416 |
6 654 |
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CURRENT ASSETS |
|||
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Trade receivables |
3.2.7 |
7 454 |
8 613 |
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Current tax assets |
3.2.8 |
800 |
985 |
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Other current assets |
3.2.9 |
1 833 |
1 143 |
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Cash and cash equivalents |
3.2.10 |
21 083 |
10 093 |
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TOTAL CURRENT ASSETS |
31 170 |
20 835 |
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TOTAL ASSETS |
38 586 |
27 490 |
Page 5 / 44
RSM France
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Disclaimer
Invibes Advertising NV published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 12:43:07 UTC.
Publicnow 2022
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Technical analysis trends INVIBES ADVERTISING N.V.
| Short Term | Mid-Term | Long Term | |
| Trends | Bearish | Bearish | Bearish |
Income Statement Evolution
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Sell  Buy |
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| Mean consensus | BUY |
| Number of Analysts | 2 |
| Last Close Price | 10,15 € |
| Average target price | 25,48 € |
| Spread / Average Target | 151% |
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