ISPD Network S.A. and Subsidiaries
Consolidated financial statements and consolidated management reports for the financial year 2024
Includes Auditor's Report on the consolidated financial statements
ISPD NETWORK S.A. AND
SUBSIDIARY COMPANIES
Consolidated financial statements and consolidated management report for the financial year 2024
Includes Auditors' Report on the consolidated financial statements.
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ISPD NETWORK, S.A. AND SUBSIDIARIES
Consolidated financial statements and consolidated
management report for the financial year 2024
CONSOLIDATED FINANCIAL STATEMENT AND CONSOLIDATED MANAGEMENT REPORT FOR THE FINANCIAL YEAR 2024:
Consolidated Statement of Financial Position at 31 December 2024
Consolidated Income Statement as at 31 December 2024
Consolidated Statement of Comprehensive Income at 31 December 2024
Consolidated Statement of Changes in Equity at 31 December 2024
Consolidated Statement of Cash Flows at 31 December 2024
Consolidated Financial Statements as at 31 December 2024
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ISPD NETWORK S.A. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED
MANAGEMENT REPORT FOR 2024
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Consolidated Financial Statements of ISPD Network, S.A. and Subsidiaries at 31 December 2024
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDING 31 DECEMBER 2024
(Expressed in euro)
ASSET | NOTE | 31/12/2024 | 31/12/2023 |
Property, plant and equipment | 6 | 1,369,814 | 1,665,581 |
Goodwill on intra-group consolidation | 5 | 8,085,976 | 10,754,813 |
Goodwill | 7 | 1,776,566 | 295,779 |
Intangible assets | 7 | 3,058,550 | 2,004,243 |
Fixed assets in progress | 7 | 563,508 | 976,132 |
Non-current financial assets | 9 | 135,474 | 184,936 |
Non-current financial assets group company | 24 | 1,451,600 | - |
Deferred tax assets | 16 | 4,958,084 | 5,894,865 |
Non-current assets | 21,399,572 | 21,776,349 | |
Trade and other receivables | 9 | 41,397,190 | 46,578,968 |
Trade receivables, group companies | 9 and 24 | 251,733 | 226,611 |
Other current assets | 9 | 494,621 | 153,279 |
Other current assets group company | 9 and 24 | 6,000 | 878,531 |
Public administrations to be charged | 16 | 7,938,041 | 8,122,796 |
Current tax assets | 16 | 234,444 | 53,990 |
Prepaid expenses | 369,352 | 363,031 | |
Cash and liquid means | 9 | 6,531,325 | 11,720,904 |
Current assets | 57,222,706 | 68,098,110 | |
Total assets | 78,622,279 | 89,874,459 |
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Consolidated Financial Statements of ISPD Network, S.A. and Subsidiaries at 31 December 2024
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDING 31 DECEMBER 2024
(Expressed in euro)
EQUITY AND LIABILITIES | NOTE | 31/12/2024 | 31/12/2023 | |
Social Capital | 12 | 819,099 | 819,099 | |
Own shares | (665,000) | (665,000) | ||
Legal reserve | 46,282 | 46,282 | ||
Reserves in fully consolidated companies | 5,481,922 | 10,641,543 | ||
Negative results of previous years | - | (5,845,579) | ||
Profit for the year attributable to the parent company | (472,798) | 2,852,801 | ||
External partners | 13 | 6,985 | (112,314) | |
Conversion differences | (409,523) | 26,555 | ||
Equity attributable to the parent | 12 | 4,799,982 | 7,875,703 | |
Equity attributable to minority interests | 6,985 | (112,314) | ||
Equity | 4,806,967 | 7,763,389 | ||
10 | - | |||
Long-term bank borrowings | 2,704,954 | 3,511,156 | ||
Long-term payables to group companies | 10 and 24 | 7,726,852 | 7,726,852 | |
Other non-current debts | 10 | 2,582,099 | 2,166,358 | |
Suppliers of non-current fixed assets | 18 | 1,797 | 9,314 | |
Provisions | 364,428 | 309,778 | ||
Deferred tax liabilities | 16 | 31,949 | 81,964 | |
Non-current liabilities | 13,412,078 | 13,805,421 | ||
Debts to current credit institutions | 10 | 9,847,791 | 5,911,005 | |
Other current debts | 10 | 860,270 | 2,981,875 | |
Short-term payables to group companies | 10 and 24 | 1,446,798 | 1,043,921 | |
Trade and other payables | 10 | 36,791,309 | 41,930,857 | |
Suppliers Group companies | 10 and 24 | 1,869,123 | 2,613,460 | |
Suppliers of fixed assets | 10 | 39,372 | 40,149 | |
Personnel payable | 10 | 2,057,607 | 3,021,739 | |
Public administrations payable | 16 | 5,421,308 | 7,299,237 | |
Current tax liabilities | 16 | 145,176 | 1,210,681 | |
Anticipated income | 10 | 1,696,482 | 1,958,395 | |
Other current liabilities | 227,997 | 294,331 | ||
Current liabilities | 60,403,233 | 68,305,649 |
Total equity and liabilities
78,622,279
89,874,459
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