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Consolidated statement of financial position – key elements 

The following elements are worth mentioning in the analysis of the dynamics of the Group’s financial position compared to the previous year: 

  1. The increase of RON 10.9 million in goodwill is due to the registration of new investments (M&A): Nenos Software, Nonlinear, ITPrepared, ISEC, Computer Learning Center. 
  2. Decrease of RON 2.4 million in tangible fixed assets, in the context of the elimination of the asset related to the lease contract with Anchor Plaza, related to the working point in Bd Timisoara nr. 26. 
  3. Decrease of RON 7 million in securities put at par, in the context of the acquisition of the stake in E-learning company, but also of the reclassification of the investment in Softbinator Technologies in securities at fair value on 30.09.2021 
  4. Increase in financial assets by RON 13.6 million, due to the reclassification of the investment in Softbinator Technologies into securities at fair value on 30.09.2021 and the revaluation of the holdings in Satefech Innovations and Arctic Stream on 30.09.2021 
  5. Increase of RON 4.2 million in trade receivables, due to the consolidation of new investments (with an impact of RON 1.8 million) and the recording of the receivable related to the sale of Autodesk business to Graphein (RON 2.2 million) 
  6. Decrease of RON 3.1 million in trade payables, plus the positive impact of the consolidation of new investments (RON 3.5 million) and the recording of payables related to M&A transactions to be converted into shares (RON 4.7 million);  
  7. The decrease of the cash position by RON 9.4 million comes partly from the payment of cash transfers related to the investments made, and partly from the prepayment of some commercial debts (as a proof, the commercial debts are significantly lower than the commercial receivables). 
  8. The significant positive evolution of the equity capital (from RON 18.6 to 49 million) is due to the recording of capital increases with contributions and receivables, but also to the increase of RON 10.7 million in the current result. 
  9. The significant decrease in short-term leasing debts is due to the termination of the lease contract with Anchor Plaza, for the working point at 26 Timisoara Boulevard.