Abridged consolidated financial statements

Consolidated statement of profit or loss

T€

 

Disclosure

 

2021

 

2020

+

 

Revenue

 

VI.1

 

601,276

 

579,672

+/–

 

Changes in inventories and work in progress

 

 

 

53

 

-86

+

 

Own work capitalized

 

VI.2

 

17,207

 

15,611

+

 

Other income

 

VI.3

 

61,946

 

29,018

 

 

Total revenue

 

 

 

680,482

 

624,215

 

Cost of materials

 

VI.4

 

-249,702

 

-232,577

 

Personnel expenses

 

VI.5

 

-419,095

 

-408,606

 

Other expenses

 

VI.6

 

-57,501

 

-144,870

 

 

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

 

 

 

-45,816

 

-161,838

 

Depreciation and amortization

 

VI.7

 

-239,851

 

-242,016

 

 

Operating result (EBIT)

 

 

 

-285,667

 

-403,854

+

 

Interest result

 

VI.8

 

-66,690

 

-94,059

+/–

 

Other financial result

 

VI.8

 

18,676

 

66,305

 

 

Financial result

 

 

 

-48,014

 

-27,754

+

 

Result from companies accounted for using the equity method

 

VII.4

 

-2,576

 

-1,812

 

 

Earnings before taxes (EBT)

 

 

 

-336,257

 

-433,420

+/–

 

Income taxes

 

VI.9

 

74,961

 

112,019

 

 

Group profit/loss of the year (EAT)

 

 

 

-261,296

 

-321,401

 

 

of which assignable to owners of the company

 

 

 

-261,296

 

-321,402

 

 

of which assignable to non-controlling interests

 

 

 

0

 

1

Consolidated statement of comprehensive income

T€

 

Disclosure

 

2021

 

2020

 

 

Group profit/loss of the year

 

 

 

-261,296

 

-321,401

+/–

 

Cash flow hedging

 

VII.16

 

12,719

 

12,354

+/–

 

Deferred taxes not affecting profit or loss

 

VII.6

 

-2,543

 

-2,470

 

 

Items to be reclassified to the statement of profit or loss

 

 

 

10,176

 

9,884

+/–

 

Actuarial gains and losses

 

VII.17

 

491

 

-1,670

+/–

 

Deferred taxes not affecting profit or loss

 

VII.6

 

-133

 

463

+/–

 

Effects of foreign currency translation

 

 

 

-4

 

62

 

 

Items not to be reclassified to the statement of profit or loss

 

 

 

354

 

-1,145

 

 

Other comprehensive income net of tax

 

 

 

10,530

 

8,739

 

 

Total comprehensive income

 

 

 

-250,766

 

-312,662

 

 

of which assignable to owners of the company

 

 

 

-250,766

 

-312,663

 

 

of which assignable to non-controlling interests

 

 

 

0

 

1

Consolidated statement of financial position

Assets

 

 

 

 

 

 

T€

 

Disclosure

 

Dec. 31, 2021

 

Dec. 31, 2020

Intangible assets

 

VII.1

 

15,605

 

19,384

Property, plant, and equipment

 

VII.2

 

5,124,510

 

5,120,387

Investment property

 

VII.3

 

144,974

 

145,273

Investments in companies accounted for using the equity method

 

VII.4

 

1,708

 

2,304

Receivables

 

VII.5

 

5,051

 

5,109

Contract assets

 

VII.23

 

15,176

 

6,237

Other financial assets

 

 

 

290

 

245

Deferred tax assets

 

VII.6

 

15,794

 

8,810

Other assets

 

VII.9

 

5,554

 

7,390

Non-current assets

 

 

 

5,328,662

 

5,315,139

Inventories

 

VII.7

 

22,518

 

28,057

Receivables

 

VII.8

 

57,334

 

60,603

Contract assets

 

VII.23

 

10,930

 

7,516

Other financial assets

 

VII.8

 

134

 

40

Current income tax assets

 

 

 

1,088

 

4,196

Other assets

 

VII.9

 

19,263

 

32,786

Short-term deposits

 

VII.10

 

34,984

 

67,985

Cash and cash equivalents

 

VII.10

 

16,963

 

9,717

Current assets

 

 

 

163,214

 

210,900

Assets held for sale

 

VII.11

 

1,269

 

2,551

Assets

 

 

 

5,493,145

 

5,528,590

Equity and Liabilities

 

 

 

 

 

 

T€

 

Disclosure

 

Dec. 31, 2021

 

Dec. 31, 2020

Subscribed capital

 

VII.12

 

306,776

 

306,776

Reserves

 

VII.12

 

90,083

 

133,651

Other equity

 

VII.12

 

1,418,253

 

1,624,515

Non-controlling interests

 

 

 

20

 

20

Equity

 

 

 

1,815,132

 

2,064,962

Financial liabilities from interests in partnerships

 

VII.14

 

348,177

 

334,619

Liabilities

 

VII.15

 

17,192

 

19,471

Other financial liabilities

 

VII.15

 

1,949,988

 

1,631,789

Employee benefits

 

VII.17

 

82,923

 

119,135

Other provisions

 

VII.18

 

91,999

 

92,038

Deferred tax liabilities

 

VII.6

 

250,516

 

318,474

Other liabilities

 

VII.20

 

13,658

 

14,600

Non-current liabilities

 

 

 

2,406,276

 

2,195,507

Liabilities

 

VII.19

 

145,006

 

111,597

Contract liabilities

 

VII.23

 

2,376

 

792

Other financial liabilities

 

VII.19

 

699,495

 

744,664

Employee benefits

 

VII.17

 

44,351

 

46,987

Other provisions

 

VII.18

 

12,409

 

13,238

Current income tax liabilities

 

 

 

5,187

 

4,895

Other liabilities

 

VII.20

 

14,736

 

11,329

Current liabilities

 

 

 

923,560

 

933,502

Equity and Liabilities

 

 

 

5,493,145

 

5,528,590

Consolidated statement of changes in equity

 

 

Disclosure

 

Subscribed
capital

 

Reserves

 

Other equity

 

Non-controlling interests

 

Equity

T€

 

 

 

 

 

Capital reserve

 

Revenue reserve

 

 

 

 

 

 

As of Dec. 31, 2019

 

VII.12

 

306,776

 

102,258

 

45,232

 

1,923,854

 

19

 

2,378,139

Group profit/loss for the year

 

 

 

0

 

0

 

0

 

-321,402

 

1

 

-321,401

Other comprehensive income

 

 

 

0

 

0

 

-1,207

 

9,884

 

0

 

8,677

Total comprehensive income

 

 

 

0

 

0

 

-1,207

 

-311,518

 

1

 

-312,724

Allocation to reserves

 

 

 

0

 

0

 

40,229

 

-40,229

 

0

 

0

Withdrawals from reserves

 

 

 

0

 

0

 

-52,861

 

52,861

 

0

 

0

Changes in reserves

 

 

 

0

 

0

 

-12,632

 

12,632

 

0

 

0

Effects of foreign currency translation

 

 

 

0

 

0

 

0

 

-453

 

0

 

-453

As of Dec. 31, 2020

 

VII.12

 

306,776

 

102,258

 

31,393

 

1,624,515

 

20

 

2,064,962

Group profit/loss for the year

 

 

 

0

 

0

 

0

 

-261,296

 

0

 

-261,296

Other comprehensive income

 

 

 

0

 

0

 

358

 

10,176

 

0

 

10,534

Total comprehensive income

 

 

 

0

 

0

 

358

 

-251,120

 

0

 

-250,762

Withdrawals from reserves

 

 

 

0

 

0

 

-43,926

 

43,926

 

0

 

0

Changes in reserves

 

 

 

0

 

0

 

-43,926

 

43,926

 

0

 

0

Effects of foreign currency translation

 

 

 

0

 

0

 

0

 

932

 

0

 

932

As of Dec. 31, 2021

 

VII.12

 

306,776

 

102,258

 

-12,175

 

1,418,253

 

20

 

1,815,132

Consolidated statement of cash flows

T€

 

Disclosure

 

2021

 

2020

 

 

Total comprehensive income

 

 

 

-250,766

 

-312,662

+

 

Deferred taxes not affecting profit or loss

 

 

 

2,676

 

2,007

+

 

Actuarial gains and losses

 

 

 

-491

 

1,670

+

 

Cash flow hedging

 

 

 

-12,719

 

-12,354

 

 

Changes due to foreign currency translation

 

 

 

4

 

-62

 

 

Group profit/loss of the year (EAT)

 

 

 

-261,296

 

-321,401

 

 

Result from companies accounted for using the equity method

 

 

 

2,576

 

1,812

 

 

Income taxes

 

 

 

-74,961

 

-112,019

 

 

Financial result

 

 

 

48,014

 

27,754

 

 

Operating result (EBIT)

 

 

 

-285,667

 

-403,854

 

 

Depreciation

 

 

 

239,851

 

242,016

 

 

Balance of gains/losses from the disposal of fixed assets and reclassifications from fixed assets

 

 

 

-3,189

 

3,800

 

 

Increase/decrease in inventories

 

 

 

5,539

 

9,426

 

 

Increase/decrease in current receivables

 

 

 

3,269

 

33,626

 

 

Increase/decrease in liabilities

 

 

 

31,176

 

-34,507

 

 

Increase/decrease in employee benefits

 

 

 

-38,759

 

54,415

 

 

Increase/decrease in other provisions

 

 

 

-868

 

1,848

 

 

Increase/decrease from currency effects

 

 

 

-932

 

453

 

 

Increase/decrease in other assets/liabilities not related to investing and financing activities

 

 

 

3,014

 

-21,653

 

 

Gross cash flow from operating activities

 

 

 

-46,566

 

-114,430

 

 

Net income taxes paid/received

 

 

 

747

 

-1,618

 

 

Cash flow from operating activities

 

 

 

-45,819

 

-116,048

 

 

Proceeds from sale of owner-occupied property, plant, and equipment

 

 

 

19,801

 

2,604

 

 

Proceeds from sale of intangible assets

 

 

 

639

 

681

 

 

Payments for investments in owner-occupied property, plant, and equipment

 

 

 

-244,628

 

-387,809

 

 

Payments for investments in intangible assets

 

 

 

-2,115

 

-2,857

 

 

Payments for investments in investment property

 

 

 

-1,441

 

-379

 

 

Interest received

 

 

 

1,104

 

305

 

 

Disbursements in connection with companies not fully consolidated

 

 

 

-1,960

 

0

 

 

Proceeds from deposits

 

 

 

33,000

 

100,782

+

 

Cash flow from investing activities

 

 

 

-195,600

 

-286,673

 

 

Proceeds from borrowings

 

IX

 

438,350

 

515,850

 

 

Repayments of borrowings from banks

 

IX

 

-158,394

 

-96,899

 

 

Repayments of lease liabilities

 

IX

 

-5,340

 

-6,437

 

 

Interest payments from lease liabilities

 

IX

 

-269

 

-297

 

 

Repayments of financial liabilities from interests in partnerships

 

IX

 

0

 

-11,713

 

 

Cash inflows from Group-wide cash management with associated and affiliated companies

 

IX

 

5,121

 

4,494

 

 

Cash inflows from Group-wide cash management with associated and affiliated companies

 

IX

 

0

 

-263

 

 

Interest paid (excluding borrowing costs for qualifying assets)

 

IX

 

-24,116

 

-23,330

 

 

Payments for borrowing costs for qualifying assets

 

IX

 

-6,687

 

-8,543

+

 

Cash flow from financing activities

 

IX

 

248,665

 

372,862

 

 

Change in cash and cash equivalents

 

 

 

7,246

 

-29,859

 

 

Cash and cash equivalents at the beginning of the year

 

 

 

9,717

 

39,576

 

 

Cash and cash equivalents at the end of the year

 

 

 

16,963

 

9,717

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