Our annual financial statement
Balance sheet of GFT
| Assets for the period from 01.01. to 31.12. | 2022 | 2021 | |
| € | € | ||
| A. | Assets | ||
| I. | Intangible assets | ||
| 1. Concessions, patents, licenses, trademarks and similar rights and assets | 107.335,00 | 170.053,00 | |
| 2. Payment on account | 96.930,41 | 69.542,17 | |
| II. | Tangible assets | ||
| 1. Land, leasehold rights and buildings including buildings on third party land | 402.203,46 | 407.358,46 | |
| 2. Fixtures, fittings, tools and equipment | 149.372,73 | 167.834,50 | |
| III. | Investments | ||
| 1. Shares in group undertakings | 85.000,00 | 85.000,00 | |
| 2. Participation interests | 4.100,00 | 4.100,00 | |
| 3. Various loans | 33.800,00 | 0,00 | |
| Total fixed assets | 888.741,60 | 903.888,13 | |
| B. | Current assets | ||
| I. | Stocks | ||
| 1. Finished goods and goods for resale | 3.700.981,50 | 3.256.669,34 | |
| II. | Debtors and other assets | ||
| 1. Trade debtors | 18.196.693,69 | 11.798.393,24 | |
| 2. Amounts owed by group undertaking | 0,00 | 0,00 | |
| 3. Receivables from companies in which the reporting company holds equity interests | 0,00 | 0,00 | |
| 4. Other assets | 1.671.231,11 | 1.470.058,03 | |
| III. | Cash at bank and in hand and central bank balances | 122.655,49 | 26.431,25 |
| Total current assets | 23.691.561,79 | 16.551.551,86 | |
| C. | Prepayments and accrued income | 97,00 | 14.394,60 |
| Total assets | 24.580.400,39 | 17.469.834,59 | |
| Liabilities for the period from 01.01. to 31.12. | 2022 | 2021 | |
| € | € | ||
| A. | Shareholders' equity | ||
| I. | Share capital | ||
| 1. of the remaining members | 1.502.500,00 | 1.438.620,88 | |
| 2. of the retiring members | 16.788,51 | 15.500,00 | |
| 3. from cancelled shares | 0,00 | 0,00 | |
| II. | Share premium account | 324.787,76 | 303.787,76 |
| III. | Revenue reserve | ||
| 1. Statutory reserves | 561.386,32 | 537.210,67 | |
| 2. Other revenue reserves | 838.502,63 | 814.326,98 | |
| IV. | Balance sheet profit | ||
| 1. Retained earnings | 0,00 | 5,49 | |
| 2. Net income for the year | 23.623,67 | 60.769,74 | |
| 3. Transfer to reserves | –4.724,74 | –12.153,95 | |
| 4. Interest on share capital | –10.168,62 | –4.994,72 | |
| Total Shareholders' equity | 3.252.695,53 | 3.153.072,85 | |
| B. | Provisions | ||
| 1. Provisions for taxation including deferred taxation | 4.247,37 | 10.300,00 | |
| 2. Other provisions | 358.291,18 | 322.188,00 | |
| Total provisions | 362.538,55 | 332.488,00 | |
| C. | Creditors | ||
| 1. Bank loan and overdraft | 6.608.455,06 | 3.031.435,64 | |
| 2. Payment received on account | 11.404.634,46 | 7.626.964,03 | |
| 3. Amounts owed to group undertakings | 62.781,62 | 49.770,16 | |
| 4. Other creditors including taxation EUR 196.130,98 (previous year: EUR 242.955,33) and social security: EUR 2.592,42 (previous year: EUR 1.908,59) | 2.889.295,17 | 3.276.103,91 | |
| Total creditors | 20.965.166,31 | 13.984.273,74 | |
| Total liabilites | 24.580.400,39 | 17.469.834,59 | |