{"id":8367,"date":"2020-04-22T16:19:09","date_gmt":"2020-04-22T13:19:09","guid":{"rendered":"https:\/\/investors.bittnet.ro\/consolidated-financial-data-ifrs\/"},"modified":"2020-08-17T13:47:37","modified_gmt":"2020-08-17T10:47:37","slug":"consolidated-financial-data-ifrs","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/consolidated-financial-data-ifrs\/","title":{"rendered":"Consolidated Financial Data &#8211; IFRS"},"content":{"rendered":"<section class=\"l-section wpb_row height_small color_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"color: #8dbe65; text-align: left;\">Balance sheet &#8211; Consolidated<\/h2>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_1 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><table width=\"275\">\n<tbody>\n<tr>\n<td width=\"64\"><\/td>\n<td style=\"text-align: right;\" width=\"66\"><strong>31-Dec-17<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"66\"><strong>31-Dec-18<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"79\"><strong>31-Dec-19<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Goodwill<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,536,315<\/td>\n<td style=\"text-align: right;\" width=\"66\">12,241,308<\/td>\n<td style=\"text-align: right;\" width=\"79\">17,701,643<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Other intangibles<\/td>\n<td style=\"text-align: right;\" width=\"66\">163,040<\/td>\n<td style=\"text-align: right;\" width=\"66\">6,099,112<\/td>\n<td style=\"text-align: right;\" width=\"79\">6,039,991<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Tangibles<\/td>\n<td style=\"text-align: right;\" width=\"66\">475,751<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,003,818<\/td>\n<td style=\"text-align: right;\" width=\"79\">6,742,571<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Investments<\/td>\n<td style=\"text-align: right;\" width=\"66\">0<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,230,328<\/td>\n<td style=\"text-align: right;\" width=\"79\">1,236,738<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Financial Assets<\/td>\n<td style=\"text-align: right;\" width=\"66\">768,821<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,056,588<\/td>\n<td style=\"text-align: right;\" width=\"79\">1,056,588<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Deferred tax<\/td>\n<td style=\"text-align: right;\" width=\"66\">88,009<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"79\">562,443<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Total Fixed Assets<\/td>\n<td style=\"text-align: right;\" width=\"66\">4,031,935<\/td>\n<td style=\"text-align: right;\" width=\"66\">22,631,153<\/td>\n<td style=\"text-align: right;\" width=\"79\">33,339,974<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Inventory<\/td>\n<td style=\"text-align: right;\" width=\"66\">395,856<\/td>\n<td style=\"text-align: right;\" width=\"66\">618,060<\/td>\n<td style=\"text-align: right;\" width=\"79\">1,997,289<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Receivables<\/td>\n<td style=\"text-align: right;\" width=\"66\">15,409,713<\/td>\n<td style=\"text-align: right;\" width=\"66\">22,771,507<\/td>\n<td style=\"text-align: right;\" width=\"79\">32,300,201<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Cash and equivalents<\/td>\n<td style=\"text-align: right;\" width=\"66\">11,060,150<\/td>\n<td style=\"text-align: right;\" width=\"66\">13,047,882<\/td>\n<td style=\"text-align: right;\" width=\"79\">20,824,117<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Current Assets<\/td>\n<td style=\"text-align: right;\" width=\"66\">26,865,719<\/td>\n<td style=\"text-align: right;\" width=\"66\">36,437,449<\/td>\n<td style=\"text-align: right;\" width=\"79\">55,121,607<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Total Assets<\/td>\n<td style=\"text-align: right;\" width=\"66\">30,897,655<\/td>\n<td style=\"text-align: right;\" width=\"66\">59,068,602<\/td>\n<td style=\"text-align: right;\" width=\"79\">88,461,581<\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><\/td>\n<td width=\"66\"><\/td>\n<td width=\"66\"><\/td>\n<td width=\"79\"><\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Subscribed capital<\/td>\n<td style=\"text-align: right;\" width=\"66\">3,044,426<\/td>\n<td style=\"text-align: right;\" width=\"66\">5,175,524<\/td>\n<td style=\"text-align: right;\" width=\"79\">11,620,321<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Premiums<\/td>\n<td style=\"text-align: right;\" width=\"66\">680,248<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,594,889<\/td>\n<td style=\"text-align: right;\" width=\"79\">0<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Other elements<\/td>\n<td style=\"text-align: right;\" width=\"66\">471,070<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,038,755<\/td>\n<td style=\"text-align: right;\" width=\"79\">1,118,923<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Legal reserves<\/td>\n<td style=\"text-align: right;\" width=\"66\">164,559<\/td>\n<td style=\"text-align: right;\" width=\"66\">266,124<\/td>\n<td style=\"text-align: right;\" width=\"79\">352,151<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Retained Earnings<\/td>\n<td style=\"text-align: right;\" width=\"66\">394,597<\/td>\n<td style=\"text-align: right;\" width=\"66\">352,234<\/td>\n<td style=\"text-align: right;\" width=\"79\">1,708,978<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Current results<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"66\">4,371,203<\/td>\n<td style=\"text-align: right;\" width=\"79\">-2,753,499<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Total equity<\/td>\n<td style=\"text-align: right;\" width=\"66\">5,960,508<\/td>\n<td style=\"text-align: right;\" width=\"66\">13,798,728<\/td>\n<td style=\"text-align: right;\" width=\"79\">12,046,873<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Investments<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"66\">201,818<\/td>\n<td style=\"text-align: right;\" width=\"79\">324,703<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Total shareholder equity<\/td>\n<td style=\"text-align: right;\" width=\"66\">5,960,508<\/td>\n<td style=\"text-align: right;\" width=\"66\">14,000,546<\/td>\n<td style=\"text-align: right;\" width=\"79\">12,371,577<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Bonds<\/td>\n<td style=\"text-align: right;\" width=\"66\">8,472,806<\/td>\n<td style=\"text-align: right;\" width=\"66\">18,380,362<\/td>\n<td style=\"text-align: right;\" width=\"79\">28,195,593<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Bank loans<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,164,199<\/td>\n<td style=\"text-align: right;\" width=\"79\">4,807,687<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Leasing<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"66\">93,025<\/td>\n<td style=\"text-align: right;\" width=\"79\">3,842,943<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Payables<\/td>\n<td style=\"text-align: right;\" width=\"66\">698,955<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"79\">\u00a0&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Deferred tax liabilities<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"66\">28,852<\/td>\n<td style=\"text-align: right;\" width=\"79\">\u00a0&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Total Long Term Debt<\/td>\n<td style=\"text-align: right;\" width=\"66\">9,171,761<\/td>\n<td style=\"text-align: right;\" width=\"66\">19,666,438<\/td>\n<td style=\"text-align: right;\" width=\"79\">36,846,223<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Bonds<\/td>\n<td style=\"text-align: right;\" width=\"66\">\u00a0&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"66\">4,164,585<\/td>\n<td style=\"text-align: right;\" width=\"79\">\u00a0&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"64\">Bank loans<\/td>\n<td style=\"text-align: right;\" width=\"66\">6,000,000<\/td>\n<td style=\"text-align: right;\" width=\"66\">8,017,675<\/td>\n<td style=\"text-align: right;\" width=\"79\">3,560,417<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_fe9ce664 height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"color: #8dbe65; text-align: left;\">Income statement<\/h2>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_1 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><table width=\"456\">\n<tbody>\n<tr>\n<td width=\"114\"><\/td>\n<td style=\"text-align: right;\" width=\"114\"><strong>2017<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"114\"><strong>2018<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"114\"><strong>2019<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Revenues form customers<\/td>\n<td style=\"text-align: right;\" width=\"114\">27,681,996<\/td>\n<td style=\"text-align: right;\" width=\"114\">47,891,044<\/td>\n<td style=\"text-align: right;\" width=\"114\">99,749,829<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">COGS<\/td>\n<td style=\"text-align: right;\" width=\"114\">-20,263,782<\/td>\n<td style=\"text-align: right;\" width=\"114\">-39,013,343<\/td>\n<td style=\"text-align: right;\" width=\"114\">-82,494,676<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Gross Margin<\/td>\n<td style=\"text-align: right;\" width=\"114\">7,418,214<\/td>\n<td style=\"text-align: right;\" width=\"114\">8,877,701<\/td>\n<td style=\"text-align: right;\" width=\"114\">17,255,153<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Other Revenues<\/td>\n<td style=\"text-align: right;\" width=\"114\">163,002<\/td>\n<td style=\"text-align: right;\" width=\"114\">5,968,250<\/td>\n<td style=\"text-align: right;\" width=\"114\">657,734<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Sellign Expenses<\/td>\n<td style=\"text-align: right;\" width=\"114\">-1,633,463<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,485,635<\/td>\n<td style=\"text-align: right;\" width=\"114\">-6,417,530<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">G&amp;A expennses<\/td>\n<td style=\"text-align: right;\" width=\"114\">-3,604,948<\/td>\n<td style=\"text-align: right;\" width=\"114\">-6,006,901<\/td>\n<td style=\"text-align: right;\" width=\"114\">-11,658,788<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Investment gains<\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"114\">180,328<\/td>\n<td style=\"text-align: right;\" width=\"114\">6,411<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Interest Revenues<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,601<\/td>\n<td style=\"text-align: right;\" width=\"114\">72,889<\/td>\n<td style=\"text-align: right;\" width=\"114\">371,828<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Financial Expenses<\/td>\n<td style=\"text-align: right;\" width=\"114\">-884,771<\/td>\n<td style=\"text-align: right;\" width=\"114\">-1,317,020<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,805,234<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Gross Profit<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,459,636<\/td>\n<td style=\"text-align: right;\" width=\"114\">5,289,611<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,962,255<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Incom Tax<\/td>\n<td style=\"text-align: right;\" width=\"114\">-254,026<\/td>\n<td style=\"text-align: right;\" width=\"114\">-881,666<\/td>\n<td style=\"text-align: right;\" width=\"114\">331,642<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Net profit, of which<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"114\">4,407,945<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,630,613<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Mother company<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"114\">4,371,202<\/td>\n<td style=\"text-align: right;\" width=\"114\">-122,885<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Contolling interests<\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"114\">36,743<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,753,499<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Per Share reporting<\/td>\n<td width=\"114\"><\/td>\n<td width=\"114\"><\/td>\n<td width=\"114\"><\/td>\n<\/tr>\n<tr>\n<td width=\"114\">basic<\/td>\n<td style=\"text-align: right;\" width=\"114\">0.0404<\/td>\n<td style=\"text-align: right;\" width=\"114\">0.0401<\/td>\n<td style=\"text-align: right;\" width=\"114\">-0.0237<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">diluted<\/td>\n<td style=\"text-align: right;\" width=\"114\">0.0362<\/td>\n<td style=\"text-align: right;\" width=\"114\">0.0367<\/td>\n<td style=\"text-align: right;\" width=\"114\">-0.0214<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Net Profit<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"114\">4,407,945<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,630,613<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Other Elements<\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Total global results<\/td>\n<td style=\"text-align: right;\" width=\"114\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"114\">4,407,945<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,630,613<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" width=\"114\"><strong>Mother Company<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"114\">1,205,609<\/td>\n<td style=\"text-align: right;\" width=\"114\">4,371,202<\/td>\n<td style=\"text-align: right;\" width=\"114\">-122,885<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" width=\"114\"><strong>Contorlling interests<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"114\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"114\">36,743<\/td>\n<td style=\"text-align: right;\" width=\"114\">-2,753,499<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_small color_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"color: #8dbe65; text-align: left;\">Cash flow statement<\/h2>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_1 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><table width=\"359\">\n<tbody>\n<tr>\n<td width=\"157\"><\/td>\n<td style=\"text-align: right;\" width=\"66\"><strong>2017<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"70\"><strong>2018<\/strong><\/td>\n<td style=\"text-align: right;\" width=\"66\"><strong>2019<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Gross Profit<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,459,636<\/td>\n<td style=\"text-align: right;\" width=\"70\">5,289,611<\/td>\n<td style=\"text-align: right;\" width=\"66\">-2,962,255<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Adjustments:<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td width=\"66\"><\/td>\n<\/tr>\n<tr>\n<td width=\"157\">\u00a0Amortization<\/td>\n<td style=\"text-align: right;\" width=\"66\">97,844<\/td>\n<td style=\"text-align: right;\" width=\"70\">179,283<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,283,370<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">\u00a0Stock Option Plan<\/td>\n<td style=\"text-align: right;\" width=\"66\">301,865<\/td>\n<td style=\"text-align: right;\" width=\"70\">567,685<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,001,644<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Receivables provisioning<\/td>\n<td style=\"text-align: right;\" width=\"66\">158,463<\/td>\n<td style=\"text-align: right;\" width=\"70\">127,770<\/td>\n<td style=\"text-align: right;\" width=\"66\">84,551<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Financial Expenses<\/td>\n<td style=\"text-align: right;\" width=\"66\">691,817<\/td>\n<td style=\"text-align: right;\" width=\"70\">1,329,611<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,864,523<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Leasing Interest<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td style=\"text-align: right;\" width=\"66\">427,980<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">\u00a0Interest revenues<\/td>\n<td style=\"text-align: right;\" width=\"66\">-1,601<\/td>\n<td style=\"text-align: right;\" width=\"70\">-72,889<\/td>\n<td style=\"text-align: right;\" width=\"66\">-371,828<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Investments<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"70\">-180,328<\/td>\n<td style=\"text-align: right;\" width=\"66\">-6,411<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Operational Profit before working capital changes<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,708,023<\/td>\n<td style=\"text-align: right;\" width=\"70\">7,240,743<\/td>\n<td style=\"text-align: right;\" width=\"66\">3,321,574<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Receivables change<\/td>\n<td style=\"text-align: right;\" width=\"66\">-2,541,421<\/td>\n<td style=\"text-align: right;\" width=\"70\">-6,123,581<\/td>\n<td style=\"text-align: right;\" width=\"66\">-9,646,903<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Inventory change<\/td>\n<td style=\"text-align: right;\" width=\"66\">303,108<\/td>\n<td style=\"text-align: right;\" width=\"70\">-219,330<\/td>\n<td style=\"text-align: right;\" width=\"66\">-1,379,229<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Payables change<\/td>\n<td style=\"text-align: right;\" width=\"66\">150,858<\/td>\n<td style=\"text-align: right;\" width=\"70\">3,014,280<\/td>\n<td style=\"text-align: right;\" width=\"66\">16,810,546<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Opeartional cashflow<\/td>\n<td style=\"text-align: right;\" width=\"66\">579,620<\/td>\n<td style=\"text-align: right;\" width=\"70\">3,912,111<\/td>\n<td style=\"text-align: right;\" width=\"66\">9,105,989<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Paid income tax<\/td>\n<td style=\"text-align: right;\" width=\"66\">-206,474<\/td>\n<td style=\"text-align: right;\" width=\"70\">-514,751<\/td>\n<td style=\"text-align: right;\" width=\"66\">-603,701<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Net Operational Cashflow<\/td>\n<td style=\"text-align: right;\" width=\"66\">373,146<\/td>\n<td style=\"text-align: right;\" width=\"70\">3,397,360<\/td>\n<td style=\"text-align: right;\" width=\"66\">8,502,288<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Investment activities<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td width=\"66\"><\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Payments for acquiring subsidiaries<\/td>\n<td style=\"text-align: right;\" width=\"66\">163,516<\/td>\n<td style=\"text-align: right;\" width=\"70\">-1,392,067<\/td>\n<td style=\"text-align: right;\" width=\"66\">-709,920<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Payments for no-controlling interests<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"70\">-1,050,000<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Loans to subbsidiaries<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"70\">-1,050,000<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Goodwill acquisitions<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<td style=\"text-align: right;\" width=\"70\">-9,366,943<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Fixed Assets acquisitions<\/td>\n<td style=\"text-align: right;\" width=\"66\">-515,245<\/td>\n<td style=\"text-align: right;\" width=\"70\">-7,413,586<\/td>\n<td style=\"text-align: right;\" width=\"66\">-893,873<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Interest revenue<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,601<\/td>\n<td style=\"text-align: right;\" width=\"70\">39,232<\/td>\n<td style=\"text-align: right;\" width=\"66\">405,485<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Net cashflow from investment activities<\/td>\n<td style=\"text-align: right;\" width=\"66\">-350,128<\/td>\n<td style=\"text-align: right;\" width=\"70\">-20,233,364<\/td>\n<td style=\"text-align: right;\" width=\"66\">-1,198,308<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Financing<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td width=\"66\"><\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Equity raising<\/td>\n<td style=\"text-align: right;\" width=\"66\">1,602,763<\/td>\n<td style=\"text-align: right;\" width=\"70\">2,899,332<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Bank loans accessed<\/td>\n<td style=\"text-align: right;\" width=\"66\">4,500,000<\/td>\n<td style=\"text-align: right;\" width=\"70\">5,197,000<\/td>\n<td style=\"text-align: right;\" width=\"66\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Bank loans reimbursed<\/td>\n<td style=\"text-align: right;\" width=\"66\">-1,122,689<\/td>\n<td style=\"text-align: right;\" width=\"70\">-2,015,126<\/td>\n<td style=\"text-align: right;\" width=\"66\">-813,770<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Bonds Issuance<\/td>\n<td style=\"text-align: right;\" width=\"66\">4,393,880<\/td>\n<td style=\"text-align: right;\" width=\"70\">14,072,141<\/td>\n<td style=\"text-align: right;\" width=\"66\">9,600,000<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Bonds repayment<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td style=\"text-align: right;\" width=\"66\">-4,186,000<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Leasing payments<\/td>\n<td width=\"66\"><\/td>\n<td width=\"70\"><\/td>\n<td style=\"text-align: right;\" width=\"66\">1,500,098<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Paid interest<\/td>\n<td style=\"text-align: right;\" width=\"66\">-691,817<\/td>\n<td style=\"text-align: right;\" width=\"70\">-1,329,611<\/td>\n<td style=\"text-align: right;\" width=\"66\">-2,627,877<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Net cashflow from financing<\/td>\n<td style=\"text-align: right;\" width=\"66\">8,682,138<\/td>\n<td style=\"text-align: right;\" width=\"70\">18,823,735<\/td>\n<td style=\"text-align: right;\" width=\"66\">472,255<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Cash increase<\/td>\n<td style=\"text-align: right;\" width=\"66\">8,705,157<\/td>\n<td style=\"text-align: right;\" width=\"70\">1,987,731<\/td>\n<td style=\"text-align: right;\" width=\"66\">7,776,235<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Cash at the beginning of the year<\/td>\n<td style=\"text-align: right;\" width=\"66\">2,354,993<\/td>\n<td style=\"text-align: right;\" width=\"70\">11,060,150<\/td>\n<td style=\"text-align: right;\" width=\"66\">13,047,882<\/td>\n<\/tr>\n<tr>\n<td width=\"157\">Cash at the end of the year<\/td>\n<td style=\"text-align: right;\" width=\"66\">11,060,150<\/td>\n<td style=\"text-align: right;\" width=\"70\">13,047,882<\/td>\n<td style=\"text-align: right;\" width=\"66\">20,824,117<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Balance sheet &#8211; Consolidated 31-Dec-17 31-Dec-18 31-Dec-19 Goodwill 2,536,315 12,241,308 17,701,643 Other intangibles 163,040 6,099,112 6,039,991 Tangibles 475,751 2,003,818 6,742,571 Investments 0 1,230,328 1,236,738 Financial Assets 768,821 1,056,588 1,056,588 Deferred tax 88,009 \u00a0&#8211; 562,443 Total Fixed Assets 4,031,935 22,631,153 33,339,974 Inventory 395,856 618,060 1,997,289 Receivables 15,409,713 22,771,507 32,300,201 Cash and equivalents 11,060,150 13,047,882 20,824,117 Current...","protected":false},"author":13,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8367","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rezultate Financiare Consolidate - IFRS - Bittnet Systems<\/title>\n<meta name=\"description\" content=\"Rezultate Financiare Consolidate - IFRS - Bittnet Systems - bilant Consolidat - contul de profit si pierdere consolidat\" \/>\n<meta name=\"robots\" content=\"index, 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