CONSOLIDATED FINANCIAL STATEMENTS
JUNE 2023
ENJOY S.A.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AT JUNE 30 2023, 2022 AND DECEMBER 31, 2022
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Assets | 06-30-2023 | 12-31-2022 |
ThCh$ | ThCh$ | |
Current assets | ||
Cash and cash equivalents | 25.565.419 | 28.027.244 |
Other financial assets, current | 4.657.165 | 5.209.107 |
Trade debtors and other accounts receivable, current | 21.486.085 | 27.848.939 |
Accounts receivable from related parties, current | 69.209 | 40.492 |
Inventories | 4.131.312 | 4.846.709 |
Current tax assets | 3.028.786 | 2.921.120 |
Total -current assets | 58.937.976 | 68.893.611 |
Non-current assets | ||
Other financial assets, no current | 2.242.042 | 2.134.582 |
Other assets, non-current | 438.100 | 1.652.576 |
Trade debtors and other accounts receivable, no current | 2.090.466 | 1.452.389 |
Intangible assets other than goodwill | 298.481.367 | 325.444.374 |
Goodwill | 1.303.379 | 1.303.379 |
Property, plant and equipment, net | 337.691.365 | 356.516.889 |
Assets for rights of use | 34.959.438 | 36.293.367 |
Non current tax assets | 6.446.000 | 6.660.394 |
Deferred tax assets | 85.111.238 | 77.767.855 |
Total non-current assets | 768.763.395 | 809.225.805 |
Total assets | 827.701.371 | 878.119.416 |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AT JUNE 30 2023, 2022 AND DECEMBER 31, 2022
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Equity and liabilities | 06-30-2023 | 12-31-2022 |
ThCh$ | ThCh$ | |
Current Liabilities | ||
Other current financial liabilities | 28.048.788 | 16.925.581 |
Liabilities for leases, current | 5.424.959 | 11.054.469 |
Trade payables and other payables | 115.496.310 | 118.494.649 |
Accounts payable to related parties, current | 3.264.509 | 175.023 |
Current tax liability | 12.425.562 | 5.914.267 |
Current provisions for employee benefits | 1.354.497 | 2.775.115 |
Other current liabilities | 13.421.683 | 14.177.058 |
Total non-current liabilities | 179.436.308 | 169.516.162 |
Non-current liabilities | ||
Other financial liabilities, non-current | 213.791.993 | 223.255.160 |
Liabilities for leases, no current | 10.097.434 | 11.231.069 |
Trade payables and other payables | 254.859.093 | 275.820.985 |
Accounts payable to related parties, no current | 22.746.591 | - |
Deferred tax liabilities | 43.094.103 | 51.361.427 |
Other current liabilities, non-current | 267.131 | - |
Total non-current liabilities | 544.856.345 | 561.668.641 |
Total liabilities | 724.292.653 | 731.184.803 |
Equity | ||
Issued capital | 466.769.811 | 466.769.811 |
Retained earnings | (376.991.074) | 16.540.527 |
Share premium | 16.540.527 | 6.332.627 |
Accumulated other comprehensive income | 3.347.245 | (338.348.921) |
Equity attributable to owners of the parent | 109.666.509 | 151.294.044 |
Non-controlling interests | (6.257.791) | (4.359.431) |
Equity | 103.408.718 | 146.934.613 |
Equity and liabilities | 827.701.371 | 878.119.416 |
STATEMENTS OF INCOME AND STATEMENTS OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED JUNE 30, 2023 AND 2022
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$) EXCEPT EARNINGS PER SHARE PRESENTED IN PESOS
Income Statements | 06-30-2023 | 06-30-2022 | |
ThCh$ | ThCh$ | ||
Revenue | 165.704.127 | 153.059.401 | |
Cost of sales | (132.876.806) | (115.381.557) | |
Gross margin | 32.827.321 | 37.677.844 | |
Administrative expenses | (24.373.378) | (19.330.485) | |
Other expenses | - | - | |
Other gains (losses) | (11.542.702) | (5.190.332) | |
Operating Margin | (3.088.759) | 13.157.027 | |
Finance income | 148.292 | 97.701 | |
Finance costs | (35.418.347) | (31.121.318) | |
Share of profit (loss) of associates | - | - | |
Foreign exchange gain/loss | 1.301.740 | (5.805.451) | |
Indexation for designated assets/liabilities for inflation | (9.025.126) | (16.731.736) | |
Income before tax | (46.082.200) | (40.403.777) | |
Income tax (expense) benefit | 5.887.590 | 13.685.633 | |
Net Income derived from continuous operations | (40.194.610) | (26.718.144) | |
Discontinued operations | 44.836 | (23.996) | |
Net Income | (40.149.774) | (26.742.140) | |
Net Income, attributable to: | |||
Net Income, attributable to owners of parent | (38.642.153) | (26.065.012) | |
Net Income, attributable to non-controlling interests | (1.507.621) | (677.128) | |
Net Income | (40.149.774) | (26.742.140) | |
Earnings per share (basic and diluted) | (0,74) | (0,50) | |
Statement of Comprehensive Income | 06-30-2023 | 06-30-2022 | |
ThCh$ | ThCh$ | ||
Net Income | (40.149.774) | (26.742.140) | |
Items that may be reclassified subsequently to profit or loss: | |||
Gain (loss) due to translation differences in subsidiaries | (2.985.382) | 5.527.866 | |
Total gain (loss) due to translation differences, before taxes | (2.985.382) | 5.527.866 | |
Other comprehensive income, , before taxes | (2.985.382) | 5.527.866 | |
Other comprehensive income for the year, net of income tax | (2.985.382) | 5.527.866 | |
Comprehensive income | (43.135.156) | (21.214.274) | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of the company | (41.627.535) | (20.537.146) | |
Comprehensive income attributable to non-controlling interests | (1.507.621) | (677.128) | |
Comprehensive income | (43.135.156) | (21.214.274) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE PERIOD ENDED JUNE 30, 2023 AND 2022
STATED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Cash flow statements | 06-30-2023 | 06-30-2022 |
ThCh$ | ThCh$ | |
Cash flows from (used in) operating activities | ||
Collection from operating activities | ||
Receipts from the sale of goods and services | 197.187.911 | 182.140.687 |
Payments | ||
Payments to suppliers for goods and services | (82.231.916) | (84.444.676) |
Payments to and account of employees | (47.213.544) | (40.207.342) |
Other payments for operating activities | (83.994.657) | (71.742.787) |
Paid (reimbursed) income tax | 701.931 | (184.099) |
Cash flows from (used in) operating activities | (15.550.275) | (14.438.217) |
Cash flows from (used in) investing activities | ||
Cash flows from the sale of non-controlling interests | - | 1.809.396 |
Cash acquired in the acquisition of subsidiary | (18.922) | - |
Purchase of property, plant and equipment | (3.875.101) | (6.220.247) |
Purchase of Intangible assets | - | (64.725) |
Interest received | 148.292 | 97.701 |
Cash flows from (used in) investing activities | (3.745.731) | (4.377.875) |
Cash flows from (used in) financing activities | ||
Proceeds from short - term loans received | 23.178.100 | 9.325.484 |
Loans from related parties | 21.000.000 | - |
Repayments of loans received | (13.415.924) | (1.339.173) |
Payments of liabilities by lease | (2.187.603) | (3.854.175) |
Repayment of loans from related parties | (2.383.746) | - |
Interest paid | (8.377.241) | (5.774.496) |
Other cash inflows (outflows) | (218.638) | (64.358) |
Cash flows derived from (used in) financing activities | 17.594.948 | (1.706.718) |
Increase (decrease) in cash and cash equivalents | (1.701.058) | (20.522.810) |
Effects of exchange rate changes on the balance of cash held in foreign currencies | ||
Effects of exchange rate changes on the balance of cash held in foreign currencies | (760.767) | 1.287.733 |
Net increase (decrease) of cash and cash equivalents | (2.461.825) | (19.235.077) |
Cash and cash equivalents at the beginning of the year | 28.027.244 | 55.484.073 |
Cash and cash equivalents at the end of the year | 25.565.419 | 36.248.996 |