Key Financials

Statement of financial position



GEFRAN GROUP	31 December 2018		31 December 2017
(Eur /,000)	value	%	value	%

Intangible assets	12,376	16.0	12,605	16.9
Tangible assets	38,955	50.4	35,563	47.6
Other non-current assets	9,801	12.7	11,733	15.7
Net non-current assets	61,132	79.0	59,901	80.2

Inventories	22,978	29.7	20,264	27.1
Trade receivables	29,808	38.5	29,386	39.3
Trade payables	(20,731)	(26.8)	(19,029)	(25.5)
Other assets/liabilities	(9,027)	(11.7)	(9,554)	(12.8)
Working capital	23,028	29.8	21,067	28.2

Provisions for risks and future liabilities	(1,674)	(2.2)	(1,752)	(2.3)
Deferred tax provisions	(627)	(0.8)	(647)	(0.9)
Employee benefits	(4,524)	(5.8)	(5,092)	(6.8)

Invested capital from operations	77,335	100.0	73,477	98.4

Invested capital from assets held for sale	-	-	1,214	1.6

Net invested capital	77,335	100.0	74,691	100.0

Shareholders’ equity	72,814	94.2	69,911	93.6

Non-current financial payables	11,864	15.3	13,933	18.7
Current financial payables	10,817	14.0	14,999	20.1
Financial liabilities for derivatives	28	0.0	76	0.1
Financial assets for derivatives	(19)	(0.0)	(56)	(0.1)
Non-current financial assets	(126)	(0.2)	(166)	(0.2)
Cash and cash equivalents and current financial receivables	(18,043)	(23.3)	(24,006)	(32.1)
Net debt relating to operations	4,521	5.8	4,780	6.4

Total sources of financing	77,335	100.0	74,691	100.0