CONSOLIDATED FINANCIAL STATEMENTS
MARCH 2024
ENJOY S.A.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AT MARCH 31 2024, AND DECEMBER 31, 2023
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Assets | 03-31-2024 | 12-31-2023 |
ThCh$ | ThCh$ | |
Current assets | ||
Cash and cash equivalents | 34.667.820 | 31.526.658 |
Other financial assets, current | 7.359.888 | 7.229.046 |
Other financial assets, current | 3.436.764 | 3.250.135 |
Trade debtors and other accounts receivable, current | 32.180.236 | 32.408.130 |
Accounts receivable from related parties, current | 113.307 | 98.457 |
Inventories | 4.489.039 | 4.690.143 |
Current tax assets | 2.778.324 | 2.942.107 |
Total -current assets | 85.025.378 | 82.144.676 |
Non-current assets | ||
Other financial assets, no current | 18.922 | 18.922 |
Other assets, non-current | 92.389 | 92.226 |
Trade debtors and other accounts receivable, no current | 4.712.659 | 3.946.382 |
Intangible assets other than goodwill | 291.270.373 | 294.760.626 |
Property, plant and equipment, net | 368.779.461 | 347.311.253 |
Assets for rights of use | 42.607.299 | 41.395.226 |
Non current tax assets | 6.028.233 | 6.592.597 |
Deferred tax assets | 86.803.636 | 85.419.241 |
Total non-current assets | 800.312.972 | 779.536.473 |
Total assets | 885.338.350 | 861.681.149 |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AT MARCH 31 2024, AND DECEMBER 31, 2023
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Equity and liabilities | 03-31-2024 | 12-31-2023 |
ThCh$ | ThCh$ | |
Current Liabilities | ||
Other current financial liabilities | 25.022.850 | 18.963.177 |
Liabilities for leases, current | 4.880.129 | 3.488.478 |
Trade payables and other payables | 133.546.879 | 127.253.926 |
Accounts payable to related parties, current | 4.045.874 | 3.726.282 |
Current tax liability | 18.348.092 | 12.488.808 |
Current provisions for employee benefits | 565.309 | 1.385.559 |
Other current liabilities | 17.903.274 | 17.406.234 |
Total non-current liabilities | 204.312.407 | 184.712.464 |
Non-current liabilities | ||
Other financial liabilities, non-current | 265.754.750 | 243.284.470 |
Liabilities for leases, no current | 19.178.559 | 19.313.542 |
Trade payables and other payables | 292.486.350 | 292.872.635 |
Accounts payable to related parties, no current | 20.978.904 | 21.618.824 |
Deferred tax liabilities | 49.287.358 | 44.814.662 |
Other current liabilities, non-current | 1.044.161 | 1.227.048 |
Total non-current liabilities | 648.730.082 | 623.131.181 |
Total liabilities | 853.042.489 | 807.843.645 |
Equity | ||
Issued capital | 466.769.811 | 466.769.811 |
Retained earnings | (453.874.199) | (428.138.171) |
Share premium | 16.540.527 | 16.540.527 |
Accumulated other comprehensive income | 12.276.274 | 6.693.503 |
Equity attributable to owners of the parent | 41.712.413 | 61.865.670 |
Non-controlling interests | (9.416.552) | (8.028.166) |
Equity | 32.295.861 | 53.837.504 |
Equity and liabilities | 885.338.350 | 861.681.149 |
STATEMENTS OF INCOME AND STATEMENTS OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED MARCH 31, 2024 AND 2023
EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$) EXCEPT EARNINGS PER SHARE PRESENTED IN PESOS
Income Statements | 03-31-2024 | 03-31-2023 | |
ThCh$ | ThCh$ | ||
Revenue | 94.347.071 | 94.327.406 | |
Cost of sales | (73.148.575) | (70.601.118) | |
Gross margin | 21.198.496 | 23.726.288 | |
Administrative expenses | (14.166.741) | (12.664.307) | |
Other expenses | - | - | |
Other gains (losses) | (352.619) | (418.255) | |
Operating Margin | 6.679.136 | 10.643.726 | |
Finance income | 188.537 | 142.955 | |
Finance costs | (22.087.157) | (17.285.613) | |
Share of profit (loss) of associates | - | - | |
Foreign exchange gain/loss | (4.655.721) | 2.406.402 | |
Indexation for designated assets/liabilities for inflation | (2.803.009) | (4.176.935) | |
Income before tax | (22.678.214) | (8.269.465) | |
Income tax (expense) benefit | (3.939.354) | 89.315 | |
Net Income derived from continuous operations | (26.617.568) | (8.180.150) | |
Discontinued operations | (6.846) | 11.622 | |
Net Income | (26.624.414) | (8.168.528) | |
Net Income, attributable to: | |||
Net Income, attributable to owners of parent | (25.736.028) | (7.580.669) | |
Net Income, attributable to non-controlling interests | (888.386) | (587.859) | |
Net Income | (26.624.414) | (8.168.528) | |
Earnings per share (basic and diluted) | (0,49) | (0,14) | |
Statement of Comprehensive Income | 03-31-2024 | 03-31-2023 | |
ThCh$ | ThCh$ | ||
Net Income | (26.624.414) | (8.168.528) | |
Items that may be reclassified subsequently to profit or loss: | |||
Gain (loss) due to translation differences in subsidiaries | 5.582.771 | (3.894.045) | |
Total gain (loss) due to translation differences, before taxes | 5.582.771 | (3.894.045) | |
Other comprehensive income, , before taxes | 5.582.771 | (3.894.045) | |
Other comprehensive income for the year, net of income tax | 5.582.771 | (3.894.045) | |
Comprehensive income | (21.041.643) | (12.062.573) | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of the company | (20.153.257) | (11.474.714) | |
Comprehensive income attributable to non-controlling interests | (888.386) | (587.859) | |
Comprehensive income | (21.041.643) | (12.062.573) |
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE PERIOD ENDED MARCH 31, 2024 AND 2023
STATED IN THOUSANDS OF CHILEAN PESOS (THCH$)
Cash flow statements | 03-31-2024 | 03-31-2023 |
ThCh$ | ThCh$ | |
Cash flows from (used in) operating activities | ||
Collection from operating activities | ||
Receipts from the sale of goods and services | 112.273.014 | 112.912.403 |
Payments | ||
Payments to suppliers for goods and services | (46.760.497) | (51.329.406) |
Payments to and account of employees | (26.333.091) | (24.031.933) |
Other payments for operating activities | (32.655.267) | (71.322.990) |
Paid (reimbursed) income tax | 354.925 | (16.742) |
Cash flows from (used in) operating activities | 6.879.084 | (33.788.668) |
Cash flows from (used in) investing activities | ||
Purchase of property, plant and equipment | (1.199.400) | (3.035.985) |
Interest received | 188.537 | 142.955 |
Cash flows from (used in) investing activities | (1.010.863) | (2.893.030) |
Cash flows from (used in) financing activities | ||
Proceeds from short - term loans received | 735.619 | 23.042.532 |
Repayments of loans received | (3.045.861) | (881.120) |
Payments of liabilities by lease | (1.165.034) | (2.041.850) |
Repayment of loans from related parties | (1.162.172) | - |
Interest paid | (461.880) | (4.416.087) |
Other cash inflows (outflows) | - | 20.892.623 |
Cash flows derived from (used in) financing activities | (5.099.328) | 36.596.098 |
Increase (decrease) in cash and cash equivalents | 768.893 | (85.600) |
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 | 2.372.269 | (1.121.991) |
Net increase (decrease) of cash and cash equivalents | 3.141.162 | (1.207.591) |
Cash and cash equivalents at the beginning of the year | 31.526.658 | 28.027.244 |
Cash and cash equivalents at the end of the year | 34.667.820 | 26.819.653 |
For the period ended, | ||
03-31-2024 | 03-31-2023 | |
(Ch$) | (Ch$) | |
(in million of Chilean Pesos ) | ||
Net income (loss) | (26.624) | (8.169) |
Income tax expense (benefit) | 3.939 | (89) |
(+) Net Finance costs | 21.898 | 17.143 |
(+) Depreciation expense | 4.764 | 4.695 |
(+) Amortization expense | 8.525 | 8.388 |
(+)(-) Foreign Exchange gain/loss | 4.656 | (2.406) |
(+)(-) Indexation for designated assets / liabilities for inflation | 2.803 | 4.177 |
(+) Other losses (-) other gains | 352 | 418 |
(+)(-) Gain (losses) of Discontinued operations | 7 | (12) |
EBITDA | 20.320 | 24.145 |
(+) Obsolescence loss on inventory | 11 | 37 |
(+) Provision for doubtful accounts | 118 | (292) |
Adjusted EBITDA | 20.449 | 23.890 |