CEF Annual report 2021
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62 <strong>CEF</strong> BUSINESS REPORT <strong>2021</strong><br />
FINANCIAL STATEMENTS 63<br />
1. Financial statements<br />
1.1. STATEMENT OF FINANCIAL POSITION 1.2. STATEMENT OF PROFIT OR LOSS<br />
Items<br />
Note<br />
December<br />
31, <strong>2021</strong><br />
EUR<br />
December<br />
31, 2020<br />
Non-current assets 659,011 696,803<br />
Intangible assets 1 24,839 34,154<br />
Property, plant and equipment 2 634,171 662,649<br />
Current assets 2,308,449 2,357,657<br />
Trade receivables 3 65,744 75,508<br />
Cash and cash equivalents 4 2,242,706 2,282,149<br />
Prepayments and other assets 5 655,436 47,543<br />
TOTAL ASSETS 3,622,896 3,102,004<br />
Equity 1,401,802 1,409,949<br />
Share capital (Founder's funds) 6 4,173 4,173<br />
Capital surplus 6 225 225<br />
Fair value reserve 6 -80,332 -38,491<br />
General reserves 6 1,477,736 1,444,042<br />
EUR<br />
Items Note <strong>2021</strong> 2020<br />
Revenue from program 11 2,446,709 2,338,116<br />
Other revenue 42,044 679<br />
Total revenue 2,488,753 2,338,795<br />
Cost of materials 13 77,473 57,957<br />
Cost of services 14 704,344 636,754<br />
Labor costs 15 1,580,384 1,438,499<br />
Depreciation and amortization costs 16 78,664 69,846<br />
Other operating expenses 17 10,142 13,219<br />
Other expenses 19 2,695 0<br />
Total expenses 2,453,701 2,216,275<br />
Financial income 12 143 5,479<br />
Financial costs 18 1,501 2,924<br />
<strong>Annual</strong> result 33,694 125,075<br />
Provisions and long-term accrued costs and deferred revenue 952,676 926,171<br />
Provisions 7 293,574 229,277<br />
Long-term accrued costs and deferred revenue 8 659,102 696,895<br />
Operating liabilities 305,359 146,732<br />
Trade payables 9 145,403 16,847<br />
Liabilities to employees 9 138,673 125,661<br />
Other short-term payables 9 21,284 4,223<br />
Advances payable and other current liabilities 10 963,058 619,151<br />
TOTAL EQUITY AND LIABILITIES 3,622,896 3,102,004<br />
Accounting policies and notes are an integral part of these financial statements<br />
and should be read in conjunction with them.<br />
1.3. STATEMENT OF OTHER COMPREHENSIVE INCOME<br />
Comprehensive income<br />
Generated in<br />
<strong>2021</strong><br />
EUR<br />
Generated in<br />
2020<br />
Excess of revenues over expenses 33,694 125,075<br />
Other comprehensive income<br />
Actuarial gains (losses) 41,842 -15,920<br />
Other comprehensive income for the period -41,842 -15,920<br />
Total comprehensive income (loss) for the period -8,147 -109,155<br />
Accounting policies and notes are an integral part of these financial statements<br />
and should be read in conjunction with them.
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