Our annual financial statement

Balance sheet of GFT eG

Assets for the period from 01.01. to 31.12. 2021 2020
A. Assets
I. Intangible assets
1. Concessions, patents, licenses, trademarks and similar rights and assets 170.053,00 132.066,50
2. Payment on account 69.542,17 8.050,00
II. Tangible assets
1. Land, leasehold rights and buildings including buildings on third party land 407.358,46 288.271,46
2. Fixtures, fittings, tools and equipment 167.834,50 102.508,00
III. Investments
1. Shares in group undertakings 85.000,00 85.000,00
2. Participation interests 4.100,00 4.100,00
Total fixed assets 903.888,13 619.995,96

B. Current assets
I. Stocks
1. Finished goods and goods for resale 3.256.669,34 0,00
II. Debtors and other assets
1. Trade debtors 11.798.393,24 8.318.343,80
2. Amounts owed by group undertaking 0,00 2.473,60
3. Other assets 1.470.058,03 1.564.682,33
III. Cash at bank and in hand and central bank balances 26.431,25 2.545.490,42
Total current assets 16.551.551,86 12.430.990,15

C. Prepayments and accrued income 14.394,60 11.401,60

Summe aller Aktiva 17.469.834,59 13.062.387,71
Liabilities for the period from 01.01. to 31.12. 2021 2020
A. Shareholders’ equity
I. Share capital
1. of the remaining members 1.438.620,88 1.354.800,00
2. of the retiring members 15.500,00 27.900,00
3. from cancelled shares 0,00 0,00
II. Share premium account 303.787,76 287.787,76
III. Revenue reserve
1. Statutory reserves 537.210,67 531.133,70
2. Other revenue reserves 814.326,97 764.180,60
IV. Balance sheet profit
1. Retained earnings 5,49 0,00
2. Net income for the year 60.769,74 61.337,01
3. Transfer to reserves –12.153,95 –12.267,40
4. Interest on share capital –4.994,72 –4.994,72
Total Shareholders' equity 3.153.072,85 3.009.876,95

B. Provisions
1. Provisions for taxation including deferred taxation 10.300,00 0,00
2. Other provisions 322.188,00 1.134.876,79
Total provisions 332.488,00 1.134.876,79

C. Creditors
1. Bank loan and overdraft 3.031.435,64 73,50
2. Payment received on account 7.626.964,03 4.584.416,77
3. Amounts owed to group undertakings 49.770,16 50.035,86
4. Other creditors including taxation EUR 242.955,33 (previous year: EUR 854.935,89) and social security: EUR 1.908,59 (previous year: EUR 1.804,59) 3.276.103,91 4.283.107,84
Total creditors 13.984.273,74 8.917.633,97

Total liabilites 17.469.834,59 13.062.387,71