TELES Informationstechnologien : Annual Financial Statements 2020 - Selected unaudited key figures IFRS

Translation - the German version is authoritative

Selected unaudited key figures IFRS financial statements 2020

© TELES AG Informationstechnologien	Seite 1 von 6
April 2021

Translation - the German version is authoritative

Selected key figures of unaudited IFRS financial statements 2019

Key figures January 01, 2020 - December 31, 2020

Overview of the key figures of TELES AG Informationstechnologien for 2020 (in accordance with IFRS, unaudited)

TELES AG Informationstechnologien	01.01.2019 -	01.01.2020 -		Change
(in Euro)	31.12.2019	31.12.2020
	Sales revenues		4,160,328			-39%
		2,520,075
Contribution margin	3,427,666	2,006,504	-41%
	Operating result/EBIT		2,982,261	692,626		-77%
Financial income	-266,221	-47,909	82%
	EBT		2,716,040	644,717		-76%
Income tax	-128,570	-38,461	70%
	Net income		2,844,610	683,178		-76%

General comments

In this document, TELES provides selected, unaudited key figures for the information of the capital market, which were determined according to the international accounting regulations IFRS.

The 2020 annual financial statements were prepared in accordance with commercial law for large corporations within the meaning of section 267 (3) sentence 2 HGB and in compliance with the special provisions of the German Stock Corporation Act. The total cost method is used for the profit and loss account.

Due to the sale of the last subsidiary, TELES Communication Systems GmbH, Vienna, in August 2019, the company is not a parent company in the sense of § 290 HGB more. Against this background, there is no obligation to prepare consolidated financial statements in accordance with § 290 ff. HGB as well as § 315e HGB.

TELES AG Informationstechnologien

The Management Board

April 2021

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April 2021

Translation - the German version is authoritative

Balance Sheet 2020 (IFRS, unaudited)

in EUR
	31.12.2019	31.12.2020
ASSETS
Non-current assets
Intangible assets	723	0
Property, plant and equipment	431,528	310,627
Total Non-current assets	432,251	310,627
Current assets
Inventories	3,164	2,419
Trade receivables	272,192	276,908
Receivables due from affiliated parties	21,525	0
Other current asstes	49,213	64,040
Cash and cash equivalents	13,319	751,552
Accruals	16,129	35,890
Deferred tax assets	1,944	1,944
Total Current assets	377,487	1,132,753
Total ASSETS	809,739	1,443,380
EQUITY AND LIABILITIES
Equity
Capital/subscribed capital	23,304,676	4,369,626
Capital reserve	18,945,980	284,206
Revenue reserves	-44,594,348	-4,847,229
Total Equity	-2,343,692	-193,396
Accruals
Accrued income taxes	596,296	624,797
Other accruals	311,035	116,949
Total Accruals	907,331	741,747
Liabilities
Advances received	113,897	27,679
Trade payables	608,143	231,062
Liabilities to affiliated companies	0	0
Other liabilities	1,369,623	522,570
Accruals	152,491	111,773
Deferred tax assets	1,945	1,945
Total Liabilities	2,246,099	895,030
Total Accruals and Liabilities	3,153,430	1,636,776
Total EQUITY AND LIABILITIES	809,739	1,443,380

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April 2021

Translation - the German version is authoritative

Statement of income 2020 (IFRS, unaudited)

in k€, excluding numbers of ordinary shares	01 Jan - 31 Dec
	2019	2020
Sales revenues	4,160,328	2,520,075
Cost of material	527,355	312,558
Cost of service	205,306	201,013
Contribution margin	3,427,666	2,006,504
Personnel expenses	1,908,511	1,426,728
Other operating expenses	2,551,232	856,442
Other income	4,631,695	1,045,240
Other expenses	617,357	75,947
Operating result/EBIT	2,982,261	692,626
Financial income	1	1,467
Financial expenses	266,221	49,376
Earnings before taxes on income	2,716,040	644,717
Income tax	-128,570	-38,461
result for the period	2,844,610	683,178
of which attributable to:
Company shareholders	2,844,610	683,178
Minority interests	0	0
Result per share
Undiluted	0.122	0.156
Diluted	0.122	0.156
Number of underlying shares
Undiluted	23,304,676	4,369,626
Diluted	23,304,676	4,369,626
Additional disclosure to the financial statements:
EBITDA1	3,241,263	884,900

1 Corresponds to Earnings (2019: k€ 2,982; 2020: k€ 693) before depreciation (2019: k€ 259; 2020: k€ 192)

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April 2021

Translation - the German version is authoritative

Development of Equity 2020 (IFRS, unaudited)

(in EUR, number of ordinary shares: 4,369,626)

	Nominalwert der Aktien	Kapitalrücklage	Gewinnrücklage	Summe Eigenkapital
31. Dezember 2018	23,304,676	13,193,685	-47,438,962	-10,940,601
Net result for the financial period			2,844,610	2,844,610
Loan waiver by main shareholder		1,136,508		1,136,508
Waiver of recovery rights on loan		4,615,786		4,615,786
waiver by main shareholder
Other comprehensive income			4	4
Dezember 31, 2019	23,304,676	18,945,980	-44,594,348	-2,343,692
31. Dezember 2019	23,304,676	18,945,980	-44,594,348	-2,343,692
Capital reduction	-20,391,592	-18,661,774	39,063,941	10,575
Capital increase	1,456,542	0	0	1,456,542
Net result for the financial period	0	0	683,178	683,178
Dezember 31, 2020	4,369,626	284,206	-4,847,229	-193,396

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April 2021