Heliad : Interim Financial Report 2024

Published: 2024-09-30 03:26:05 ET A7A.DE

Empowers

Entrepreneurs.

And Investors.

Half-year report 2024

Heliad Half-year report 2024

Content

IFRS

Income Statement _04

Balance Sheet _05 + 06

Statement of Changes in Equity _07 Cash Flow Statement _08

Notes _09

Statement of fixed assets _22

HGB

Balance Sheet _24 + 25

Income Statement _26

Heliad Half-year report 2024

IFRS

Interim financial statements

as of 30 June 2024

Heliad Half-year report 2024

IFRS Income Statement

IFRS Income Statement for the first half of 2024

in TEUR

Notes

Sales revenue

3.1

Income from the sale of financial assets and securities

4.2

Book value disposal from the sale of financial assets

and securities

4.2

Income from revaluation

3.2

Depreciation of financial assets

3.2

Income from investments

3.3

Other operating income

3.4

Personnel expenses

3.5

Operating expenses

3.6

Depreciation on intangible assets and property,

plant and equipment

3.7

Other operating expenses

Operating profit (EBIT)

Financial income

3.8

Financial expenses

3.8

Earnings before taxes

Taxes on income and profit

3.9

Period result

Average number of shares issued (undiluted)

3.10

Average number of

shares issued (diluted)

3.10

Undiluted earnings per share in EUR

Diluted earnings per share in EUR

1. HJ 2024

1. HJ 2023

258

937

198

-34

-78

11,271

-181

-8,504

394

1,450

123

-776

-644

-707

-503

-84

-80

-1

-3

10,312

-7,152

148

128

-485

-39

9,975

-7,063

-99

-70

9,876

-7,133

8,410,265

5,451,670

8,410,265

5,451,670

1.17

-1.31

1.17

-1.31

Heliad Half-year report 2024

IFRS Balance Sheet

as of 30 June 2024

Assets

in TEUR

Notes

Intangible assets

4.1

II.

Property, plant

and equipment

4.1

III.

Financial assets

4.2

IV.

Deferred tax assets

4.3

Total

participating interest is held

4.4

II.

Receivables from affiliated companies

4.4

III.

Other assets

4.4

IV.

Income tax receivables

4.4

Cash and cash equivalents

4.5

TOTAL

BALANCE SHEET TOTAL

30/06/2024

817

180,431

123

181,394

1,140

1,376

3,919

6,454

187,848

31/12/2023

896

162,407

148

163,474

258

1,556

10,424

12,299

175,773

Heliad Half-year report 2024

IFRS Balance Sheet

as of 30 June 2024

Equity and liabilities

in TEUR

Notes

Equity

4.6

Subscribed

capital

II.

Capital reserve

III.

Retained earnings

IV.

Loss carried forward / profit carried forward

Period result

Total

Non-current liabilities

Deferred taxes

4.3

II.

Provisions

4.7

Total

Current liabilities

Tax provisions

II.

Other provisions

4.7

III.

Trade payables

4.8

IV.

Liabilities to banks

4.8

Other liabilities

4.8

Total

BALANCE SHEET TOTAL

30/06/2024

8,410

74,493

98,423

-24,898

9,876

166,304

1,600

1,643

480

257

17,926

1,197

19,901

187,848

31/12/2023

8,410

74,447

98,423

-45,023

20,125

156,382

1,547

1,590

469

790

202

14,936

1,404

17,801

175,773

Heliad Half-year report 2024

IFRS Statement of Changes in Equity

IFRS Statement of Changes in Equity for the first half of 2024

2024

Profit/

Loss

in TEUR

Subscribed

Capital

Revaluation

Retained

carried

Notes

capital

reserve

earnings

forward

Status as of 01/01/2024

4.6

8,410

74,447

98,423

-24,898

Period result

9,876

Stock options

program 2024

Total comprehensive

income

9,876

Status as of 30/06/2024

4.6

8,410

74,493

98,423

-15,022

Total Equity

156,382

9,876

166,304

Heliad Half-year report 2024

IFRS Cash Flow Statement

IFRS Cash Flow Statement for the first half of 2024

in TEUR

Notes

Period result

Depreciation of non-current assets

4.2

Write-ups on financial instruments

4.2

-/+

Gains on/losses from disposals of financial assets

3.1/3.2

+/-

Increase/decrease in provisions

4.7

+/- Other non-operative expenses and income

3.8

+/- Decrease/increase in receivables and other assets

4.1/4.4

+/- Increase/decrease in other liabilities

4.8

Cash flow from operating activities

+ Deposits from disposals of financial assets and securities

4.2

- Payments within the scope of short-term treasury management

4.4

- Payments for investments in financial assets and securities

4.2

1. HJ 2024 9,876

265

-11,271

-533

813

150

-379

-1,078

-1,000

-6,960

-7,927

1. HJ 2023 -7,1338,585 0 -119 -22817 861 6,246

8,228

198

-4,357

-4,159

Deposit from the taking up of loans

4.8

2,500

Repayment of borrowings

4.8

= Cash flow from financing activities

2,500

Net change in cash and cash equivalents

-6,505

+ Cash and cash equivalents at the beginning of the period

4.5

10,424

3,000

-2,067

933

5,002

2,690

CASH AND CASH EQUIVALENTS AT END OF PERIOD

3,919

7,693

Heliad Half-year report 2024

IFRS Notes

as of 30 June 2024

1. Company details

Heliad AG is based at Ulmenstrasse 37-39 in Frankfurt am Main/Germany and is registered in the Commercial Register of the Local Court of Frankfurt am Main under the number HRB 58865.

Heliad makes investments with a long investment horizon in market-leading,high-growth technology companies with the aim of triggering the next growth phase or the exit of these companies. As a listed company, Heliad AG provides long-term support with a strong team and strategic partners before, during and after an IPO and paves the way to public capital markets. In doing so, the evergreen structure allows Heliad AG to act independently of the restrictions of customary financing terms and offers shareholders unique access to market returns even before the IPO, without restrictions or limitations on the size of the investments and without term commitments for the shareholders.

Heliad AG meets the definition of an investment company in accordance with IFRS 10, which was applicable for the first time in financial years which begin on or after 1 January 2014.

2. Basics of IFRS financial statements

The condensed interim financial statements as of 30 June 2024 were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU and their interpretation by the International Financial Reporting Interpretation Committee (IFRIC). IAS 34 (Interim Financial Reporting) was observed. The option to apply new standards prematurely has not been exercised.

The accounting and valuation methods underlying the annual financial statements as of 31 December 2023 were consistently applied to these interim financial statements.

The annual financial statements include values which have been determined legitimately using estimates and assumptions. The estimates and assumptions used are based on historical expectations and other factors such as planning and likely (from the current standpoint) expectations and forecasts of future events. The assumptions and estimates taken into consideration mainly relate to the determination of the recoverable amount in connection with impairment testing and the recognition and measurement of deferred taxes and provisions.

In the finacial year 2023, two companies were merged with Heliad AG: Heliad Equity Partners GmbH & Co. KGaA (in the following referred to as 'Heliad KGaA') and its general partner Heliad Management GmbH.

The comparative figures presented in the interim financial statements 2024 as of the reporting date of 30 June 2023 represent the figures of Heliad AG excluding the above-mentioned mergers, as the corresponding resolution was passed at the Annual General Meeting of Heliad AG after the reporting date of 30 June 2023.

The merger of the above-mentioned companies was recognised in the annual financial statemets 2023 (report- ing date of 31 December 2023) as at the respective date of the merger with the corresponding merger effects.

Heliad KGaA was merged into Heliad AG as of the merger date of 1 Januar 2023. On 12 October 2023, the merger was entered in the Commercial Register.

The net assets of Heliad KGaA as of the merger date (before the 2023 capital increase) amounted TEUR 80,244 and mainly comprised non-current financial assets of TEUR 96,127, cash and cash equivalents of TEUR 4,644 and liabilities and provisions of TEUR 20,934.

After taking into account the shares received from third parties in Heliad KGaA, the merger results in a merger gain of TEUR 31,874, which is disclosed under other operating income.

Heliad Half-year report 2024

IFRS Notes

As a result of the merger of Heliad KGaA into Heliad AG, Heliad AG's income from service relationships with Heliad KGaA decreased by TEUR 53.

Heliad Management GmbH was merged into Heliad AG with effect from the date of the merger on 1 April 2023. The merger was entered in the Commercial Register on 15 December 2023.

Heliad AG as the acquiring legal entity already held 100 % of the shares in the transferring legal entity Heliad Management GmbH prior to the merger.

The merger of Heliad Management GmbH resulted from the previous merger of Heliad KGaA into Heliad AG and the associated discontinuation of its role as general partner and managing director of Heliad KGaA.

Net assets as of the merger date amounted to TEUR 1,339 (after taking into account the earnings of TEUR 396 for the first quarter of 2023) and mainly comprised securities of TEUR 51 in Heliad KGaA, receivables and other assets of TEUR 1,353, cash and cash equivalents of TEUR 39 and provisions of TEUR 106.

As at 31 December 2022, Heliad AG held shares in the transferring legal entity with a value of TEUR 11,163 . As the business model of Heliad Management GmbH ceased to exist with the merger of Heliad KGaA into Heliad AG, the shares were amortised prior to the merger. The write-down and the merger resulted in a loss of TEUR 9,824.

The merger of Heliad Management GmbH into Heliad AG led to a reduction in Heliad AG's income from personnel expenses totalling TEUR 515 and from rental expenses totalling TEUR 31.

The IFRS interim financial statements are prepared in euros (EUR). Unless otherwise stated, all values are rounded to thousands of euros (TEUR). Due to this presentation, rounding differences may occur.

The IFRS interim financial statements comprise the income statement, the balance sheet, the statement of changes in equity, the cash flow statement, the notes and the statement of changes in fixed assets. The statement of comprehensive income is prepared using the nature of the expense method.

Significant adjustments to the reported assets and provisions may be required in the second half of the financial year for the following items due to a revaluation:

in TEUR

30/06/2024

31/12/2023

Shares in affiliated companies

2,072

1,443

Investments

104,052

100,889

Securities

70,199

59,006

Other lendings

2,254

Provisions

299

883

Disclaimer

Heliad AG published this content on September 30, 2024 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on September 30, 2024 at 07:25:08 UTC.