Annual Report 2023

Financial ReportConsolidated financial statementsConsolidated statement of financial position

Financial Report

Consolidated statement of financial position

As at 31 December

Assets, kEUR	Note	2023	2022

Non-current assets
Intangible assets	8	16,454	15,865
Property, plant and equipment	9	300,582	275,878
Right-of-use assets	10	23,523	21,416
Deferred income tax assets	5	16,690	8,286
Other financial assets	24	5,237	2,767
Total non-current assets		362,486	324,212

Current assets
Inventories	12	128,507	145,073
Trade receivables	13	76,674	46,486
Contract assets	3	2,103	2,660
Corporate income tax receivables		7,424	7,373
Other current assets	14	16,188	12,450
Cash and cash equivalents	15	95,706	37,528
Total current assets		326,602	251,570

Total assets		689,088	575,782

As at 31 December

Equity and liabilities, kEUR	Note	2023	2022

Equity attributable to equity holders of the parent company
Share capital	6	302	302
Share premium		203,129	203,129
Translation reserve		21,832	14,119
Treasury shares	6	-10,394	-13,609
Other capital reserves		1,217	3,590
Retained earnings		165,139	214,146
Total equity		381,225	421,677

Non-current liabilities
Deferred income tax liabilities	5	3,644	1,878
Pensions	16	25,111	26,637
Provisions	17	1,649	2,476
Interest-bearing loans and borrowings	19	49,087	–
Lease liabilities	10	18,869	17,652
Other financial liabilities	18	9,893	9,410
Contract liabilities	3	23,160	–
Total non-current liabilities		131,413	58,053

Current liabilities
Interest-bearing loans and borrowings	19	41,253	–
Lease liabilities	10	4,453	3,566
Other financial liabilities	18	1,227	1,096
Corporate income tax payable		227	67
Trade payables	20	60,906	45,933
Contract liabilities	3	42,969	27,538
Other current liabilities	20	25,415	17,852
Total current liabilities		176,450	96,052

Total liabilities		307,863	154,105

Total equity and liabilities		689,088	575,782