DGAP-News

LION E-Mobility AG: LION Smart GmbH announces HGB figures (unaudited) as of June 30, 2021 - Seite 3

The financial result continues to be positive (+ €14 thousand) and is due to the interest income from the loans granted to our associated company TSBT (TÜV SÜD Battery Testing).
Net Assets and Financial Position as of 30.06.2021

Net Assets and Financial Position as of 30 June 2021

Total assets increased by 16.41% to €13.289 million as at 30.06.2021 (30.06.2020: €11.415 million), mainly due to the increase in current trade receivables. This is mainly due to the significant increase in sales and business volume.

Non-current assets correspond to the level of the previous year, additions to intangible assets and property, plant and equipment are offset by corresponding depreciation. Financial assets, which represent our investment in TÜV SÜD Battery Testing, remained unchanged from the previous year.

Current assets increased by €1.906 million to €5.748 million (30 June 2020: €3.842 million). Trade receivables increased significantly by €1.225 million to €3.546 million (30 June 2020: €2.321 million), in particular due to the increased business volume. Against this background, trade payables also increased. Cash and cash equivalents amounted to €0.304 million as at 30 June 2021 compared to €0.515 million as at 31 December 2020 due to bank balances.

Current provisions and liabilities as at 30.06.2021 are above the level of the previous year due to trade payables not yet settled as at the half-year reporting date (30.06.2021).  The other provisions mainly include personnel costs such as overtime, holiday not taken and variable salary components.

The equity of LION Smart GmbH as at 30 June 2021 amounts to €5.556 million (30 June 2021: €6.091 million). The equity ratio as at 30 June 2021 fell year-on-year to 41.81% (30 June 2020: 53.36%). In the current financial year, LION E-Mobility AG made a capital contribution of €0.5 million.

Cash flow and financing as of 30 June 2021

Cash flow from operating activities deteriorated in the reporting period to €-0.615 million (previous year: €-0.384 million). This is mainly due to the higher cost of materials and one-off expenses.

Due to the significantly lower investments in fixed assets, the cash flow from investing activities is only slightly negative; it amounts to €-0.095 million as of 30 June 2021 (previous year: €-0.708 million).