{"id":11313,"date":"2021-02-26T15:43:39","date_gmt":"2021-02-26T13:43:39","guid":{"rendered":"https:\/\/investors.bittnet.ro\/current-and-historical-financial-results\/preliminary-financial-results-for-fiscal-year-2020\/5-financial-position-cash-flow\/"},"modified":"2021-02-26T17:59:09","modified_gmt":"2021-02-26T15:59:09","slug":"5-financial-position-cash-flow","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/5-financial-position-cash-flow\/","title":{"rendered":"5. Financial Position & Cash Flow"},"content":{"rendered":"

Consolidated Financial Statement<\/span>\u00a0<\/span><\/h3>\n<\/div><\/div>
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Current assets remained stationary at around RON 55 million, out of which cash represented 44%, up from 38% in 2019. Fixed assets increased by RON 7.5 million, respectively the value of M&As concluded in 2020.<\/span>\u00a0<\/span><\/p>\n

Equity increased by over 120% (from RON 12 to 27 million), and both the value of total debts (RON 72 million in 2020 versus 76 in 2019) and their division between short-term and long-term remained similar: 50-50%.<\/span>\u00a0<\/span><\/p>\n

What we consider very relevant is that we have obtained at the same time the improvement of the cash position and the maintenance of a superunit degree of coverage of the commercial debts with the commercial receivables (figures in million RON):<\/span>\u00a0<\/span><\/p>\n<\/div><\/div>

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