2023
INTERIM CONSOLIDATED
REPORT
for the six months of 2023
INTERIM CONSOLIDATED REPORT FOR THE SIX MONTHS OF 2023
Beginning of the reporting period | 1 January 2023 |
End of the reporting period | 30 June 2023 |
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 | 9 |
2.1.2. | Commercial facility management | 12 |
2.1.3. | Maintenance and cleaning of territories | 13 |
2.1.4. | Other services | 13 |
2.2. | Performance improvement | 14 |
2.3. | The most significant Investments and Events | 15 |
2.4. | Key risk activity types and uncertainties | 17 |
2.5. | The main financial ratios concerning the reporting period | 18 |
2.6. | Significant related party transactions | 18 |
2023
CONTENTS
3. Consolidated interim financial statements
Consolidated statement of financial position
Consolidated statement of comprehensive income
Statements of comprehensive income
Consolidated statement of changes in equity
Consolidated statement of cash flows
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 and assets held for sale 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
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31 August 2023
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 statements, 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