CR EBI 28/2022 Differences in financial data published in the report for the IV quarter 2021 and the separate and consolidated annual report for 2021

The Management Board of Aforti Holding S.A., with its registered office in Warsaw, hereby informs that the separate financial statements of the Company and the consolidated financial statements of the AFORTI Capital Group for 2021 audited by a statutory auditor (published in the report RB EBI 18/2022 and RB EBI 20/2022 show differences from the financial data published in the report for the IV quarter of 2021 ( published in the report RB EBI 2/2022).

Therefore, the Management Board provides additional explanations regarding the differences.

The individual and consolidated annual report for 2021 were published immediately after the audit, i.e. on June 30, 2022. The report for the fourth quarter of 2021 was published on February 14, 2022, therefore the Company was not able to take into account the auditors’ corrections on the date of publication periodic report for the IV quarter of 2021.

Below, the Issuer indicates the main differences between the published report:

    1. Separate:
  • adjustment of the valuation of long-term financial assets -38,037.5 thousand PLN;
  • discount of long-term receivables -1.676 thousand PLN;
  • additional write-off of short-term investments -5,359 thousand PLN;
  • reclassification of long-term to short-term liabilities by the amount of PLN 5,615 thousand PLN;

 

which make the differences: lower net profit for 2021 by 7,322 thousand PLN and the balance sheet total lower by 45,708.9 thousand PLN, which after adjustments amounts to 416,268,000 PLN.

2.  Consolidated:

  • the adjustment resulting from the change in the separate statements of the parent company indicated in point 1;
  • costs relating to the year 2021 -817.6 thousand PLN (after the publication of the report for the IV quarter of 2021)
  • decrease in provisions + 442 thousand PLN;
  • exclusion of the valuation of short-term financial assets -39,682.4 thousand PLN;
  • additional write-off -26,493.8 thousand PLN;
  • reclassification of receivables from short-term to long-term by the amount of PLN 10,072 thousand PLN;
  • reclassification from short-term investments to short-term receivables by the amount of PLN 30,056 thousand PLN;
  • reclassification from short-term investments to own shares by the amount of PLN 8,724 thousand PLN;

which make the differences representing: a lower consolidated net result for 2021 by PLN 67,969 thousand and a consolidated balance sheet total lower by PLN 109,468 thousand, which amounts to PLN 194,877 thousand after adjustments.

Since the above figures differ from those previously reported – it was decided to publish the data.

Legal basis:

Article 5, Paragraph 1, Point 2) of the Exhibit 3 “Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules

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