TXT E-SOLUTIONS GROUP
HALF-YEARLYFINANCIAL
REPORT
As at 30 June 2023
TXT e-solutions S.p.A.
Registered office, management, and administration:
Via Milano, No. 150 - 20093 Cologno Monzese (MI)
Share capital:
€ 6,503,125 fully paid-in
Tax code and Milan Business Register No.:
09768170152
In office until approval of the financial statements as at 31 December 2025:
ENRICO MAGNI | MATTEO MAGNI |
Chief Executive Officer
- Member of the Remuneration and Appointments Committee.
- Member of the Risks and Internal Controls Committee.
- Member of Related Parties Committee.
- Appointed by the Shareholders' Meeting on 20 April 2023.
In office until approval of the financial statements as at 31 December 2025:
FRANCESCO MARIA SCORNAJENCHI | FRANCO VERGANI |
NADIA RASCHETTI | FABIO MARIA PALMIERI | EDDA DELON |
Independent Auditors:
Crowe Bompani S.p.A.
Investors relations:
E-mail: infofinance@txtgroup.com
Tel: +39 02 25771.1
Half-yearly financial report as at 30 June 2023 | 2 |
Leadership Team
in different sectors, Enrico joined TXT as a key
+20 years in TXT, with a strong experience in the international development of the business, from mid-2020 holds the position of Group CEO, with strategic responsibilities in defining and executing the TXT Group's international growth strategies.
the sustainable growth of the TXT Group.
Half-yearly financial report as at 30 June 2023 | 3 |
Contents | ||
Organisational structure and scope of consolidation | 6 | |
TXT e-solutionsGroup - Key data | 8 | |
Directors' Report on operations for H1 2023 | 10 | |
Consolidated Balance Sheet | 27 | |
Consolidated Income Statement | 28 | |
Consolidated Statement of Comprehensive Income | 28 | |
Company segment information | 29 | |
Consolidated Statement of Cash Flows | 30 | |
Statement of Changes in Consolidated Shareholders' Equity as at 30 June 2023 | 31 | |
1. Group's structure and scope of consolidation | 32 | |
2. Basis of preparation of the consolidated financial statements | 33 | |
3. Accounting standards and interpretations applied from 1 January 2023 | 34 | |
4. | Financial risk management | 34 |
5. | Use of estimates | 34 |
6. | Balance sheet | 37 |
6.1. | Goodwill | 37 |
6.2. | Intangible assets with a finite useful life | 40 |
6.3. | Tangible assets | 42 |
6.4. | Investments in associates | 42 |
6.5. | Sundry receivables and other non-currentassets | 42 |
6.6. | Deferred tax assets/liabilities | 43 |
6.7. | Contractual assets | 43 |
6.8. | Trade receivables | 43 |
6.9. | Sundry receivables and other current assets | 44 |
6.10. | Financial instruments at fair value | 45 |
6.11. | Cash and cash equivalents | 45 |
6.12. | Shareholders' equity | 45 |
Half-yearly financial report as at 30 June 2023 | ||
4 |
6.13. | Non-currentfinancial liabilities | 46 |
6.14. | Provision for post-employment benefits and other employee provisions | 52 |
6.15. | Provisions for future risks and charges | 54 |
6.16. | Current financial liabilities | 54 |
6.17. | Trade payables | 56 |
6.18. | Tax payables | 56 |
6.19. | Sundry payables and other current liabilities | 56 |
7. | Income Statement | 56 |
7.1. | Total revenues and other income | 56 |
7.2. | Purchases of materials and external services | 57 |
7.3. | Personnel costs | 57 |
7.4. | Other operating costs | 58 |
7.5. | Depreciation, amortisation and impairment | 58 |
7.6. | Financial income and charges | 58 |
7.7. | Share of profit (loss) of associates | 59 |
7.8. | Income taxes | 59 |
8. Seasonality of operating segments | 59 | |
9. Transactions with related parties | 59 | |
10. | Net financial debt | 61 |
11. Other significant events in the year and subsequent events | 62 | |
12. | Certification of the condensed consolidated half-yearly financial statements | 62 |
Half-yearly financial report as at 30 June 2023 | 5 |
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Disclaimer
TXT e-solutions S.p.A. published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 13:32:06 UTC.