for the six months of 2022
INTERIM
CONSOLIDATED
REPORT
for the six months of 2022
Beginning of the reporting period | 1 January 2022 |
End of the reporting period | 30 June 2022 |
Business name | City Service SE |
Registration number | 12827710 |
Legal address | Narva mnt. 5, 10117 Tallinn, |
the Republic of Estonia | |
Telephone | +370 5 239 49 00 |
Fax | +370 5 239 48 48 |
info@cityservice.eu | |
Website | http://www.cityservice.eu |
Auditor | Ernst & Young Baltic AS |
CONTENTS
Declaration of the management | 5 | ||||
1. Corporate profile | 6 | ||||
1.1. | City Service Group | 6 | |||
1.2. | Strategy and objectives | 7 | |||
1.3. | Mission and vision | 7 | |||
1.4. | Structure of the Group | 8 | |||
2. Interim Management report | 9 | ||||
2.1. | Main areas of activity | 9 | |||
2.1.1. | Administration of apartment buildings and related services | 9 | |||
2.1.2. | Commercial facility management | 12 | |||
2.1.3. | Maintenance and cleaning of territories | 13 | |||
2.1.4. | Other services | 14 | |||
2.2. | Performance improvement | 15 | |||
2.3. | The most significant Investments and Events | 16 | |||
2.4. | Key risk activity types and uncertainties | 18 | |||
2.5. | The main financial ratios concerning the reporting period | 19 | |||
2.6. | Significant related party transactions | 19 | |||
3. Consolidated interim | 21 | ||||
financial statements | |||||
Consolidated statement of financial position | 21 | ||||
Consolidated statement of comprehensive income | 23 | ||||
Consolidated statement of changes in equity | 25 | ||||
Consolidated statement of cash flows | 26 | ||||
4. Notes to the financial statements
General information
Activity
Share capital of the company
Shareholders of the company
City Service Group
Company's supervisory board
Company's management board
Activity and segment information
Accounting policies
Goodwill
Significant events
Other intangible assets
Property, plant and equipment
Discontinued operations
Right of use assets and lease
Trade receivables
Borrowings
Cost of sales
General and administrative expenses
Other operating income (expenses)
Interest and other finance income and (expenses)
Dividends per share
Related party transactions
Subsequent events
27
27
27
28
28
29
33
34
36
38
38
41
44
45
46
47
48
48
49
49
50
50
50
51
52
31 August 2022
DECLARATION
OF THE MANAGEMENT
According to Management Board Regulations of City Service SE, Chairman of the Management
Board hereby declares and confirms that according to his best knowledge, the financial state- ments, prepared according to the accounting standards in force, present a correct and fair view of the assets, liabilities, financial situation and loss or profit of the issuer and the undertakings
involved in the consolidation as a whole, and the management report gives a correct and fair view of the development and results of the business activities and financial status of the issuer and the undertakings involved in the consolidation as a whole and contains a description of the main risks and doubts.
Chairman of the Management Board
Artūras Gudelis