Group's Consolidated Financial Statement for year 2020 has been published.
Profit = € 7.4m
Assets = € 53.2m
Equity = € 16.5m
Debt = € 36.6m
RATIOS and other Figures:
Net Profit Margin (Net income/net sales) = 12,04
ROIC Earnings/Debt+BookValue (return on capital) = 13,9
ROE LY (= net income / shareholders' equity) = 44,9
ROE avg past years = 47,5
ROA LY (net income / total assets) = 13,9
ROA avg past years 13,5
Working Capital/Total Debt = 0,27
Debt-To-Equity Ratio (D/E) = 2,22
Quick Ratio LY = 1,32
Quick Ratio avg past years = 1,26
Current Ratio (CA/CL) = 1,32
Current Ratio (CA/CL) avg past year = 1,26
EPS (Earning per Share) = 14,82
Dividend Paid = € 4.1m
Dividend per share = € 8,1
From $Twino Group's Consolidated Financial Statement:
//**30. Off-balance sheet liabilities and pledged assets**//
The Company has off-balance-sheet liabilities at the end of reporting period. The Company has entered into the Guarantee Agreement with its subsidiary SIA OC Finance, providing a guarantee of repayment of a debt that SIA OC Finance has issued to the related company SIA Kuģu 13. On the date of the preparation of this report the outstanding sum of the loan along with the accrued interest constitute EUR 1,404,298
//**33. Going concern**//
The Group’s current assets exceed its current liabilities by EUR 10,340 thousand, which however is a decrease by 39% comparing to the year end of 2019, when the Group’s current assets exceeded current liabilities by EUR 16,953 thousand.
At the end of the year 2020, the Group’s liquidity ratio was 1.33 (2019: 1.47); therefore, liquidity risk is controlled.
//**34. COVID 19 impact on the Company’s operations**//
During the months of March and April 2020, the total of funds disbursed to the investors from the platform exceeded the total of deposited funds by EUR 4.2 million; however, it is crucial to note that the Company executed the disbursement of funds deposited by each investor of the platform within two business days complying with the mutual contractual obligations.