DocuSign Envelope ID: 9C117EB0-D088-479F-9976-D4976DE4EC00
XLMEDIA PLC. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF 30 JUNE 2021
US DOLLARS IN THOUSANDS
INDEX
Page | ||
Report on Review of Interim Condensed Consolidated Financial Statements | 2 | |
Consolidated Statements of Financial Position | 3-4 | |
Consolidated Statements of Profit or Loss and Other Comprehensive Income | 5 | |
Consolidated Statements of Changes in Equity | 6-7 | |
Consolidated Statements of Cash Flows | 8 | - 9 |
Notes to the Interim Condensed Consolidated Financial Statements | 10 | - 15 |
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DocuSign Envelope ID: 9C117EB0-D088-479F-9976-D4976DE4EC00
Kost Forer Gabbay & Kasierer | Tel: +972-3-6232525 |
144 Menachem Begin Road, Building A, | Fax: +972-3-5622555 |
Tel-Aviv 6492102, Israel | ey.com |
Report on review of interim financial information
The Board of Directors
XLMedia PLC.
Introduction
We have reviewed the accompanying consolidated interim financial statements of XLMedia PLC. and its subsidiaries ("the Group") as at 30 June 2021 which comprise the interim consolidated statement of financial position as at 30 June 2021 and the related interim consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes. Management is responsible for the preparation and presentation of this interim financial information in accordance with IAS 34, "Interim Financial Reporting" ("IAS 34") as adopted by the European Union. Our responsibility is to express a conclusion on this interim financial information based on our review.
Scope of review
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim consolidated financial statements do not present fairly, in all material respects the financial position of the Group as at 30 June 2021, and of its financial performance and its cash flows for the six-month period then ended in accordance with IAS 34 as adopted by the European Union.
Tel-Aviv, Israel | KOST FORER GABBAY & KASIERER |
22 September 2021 | A Member of Ernst & Young Global |
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DocuSign Envelope ID: 9C117EB0-D088-479F-9976-D4976DE4EC00
XLMEDIA PLC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 June | 31 December | |
2021 | 2020 | |
Unaudited | Audited |
$ in thousands
ASSETS | ||||
CURRENT ASSETS: | ||||
Cash and cash equivalents | 36,061 | 12,648 | ||
Short-term deposits | 870 | 1,228 | ||
Trade receivables | 5,536 | 5,792 | ||
Other receivables | 5,943 | 5,578 | ||
Financial derivatives | 158 | - | ||
48,568 | 25,246 | |||
NON-CURRENT ASSETS: | ||||
Long-term deposits | 1,525 | 1,478 | ||
Property and equipment | 6,914 | 1,072 | ||
Domains and websites | 81,292 | 55,941 | ||
Other intangible assets | 9,410 | 7,925 | ||
Other assets | 371 | 497 | ||
99,512 | 66,913 | |||
148,080 | 92,159 |
The accompanying notes are an integral part of the interim condensed consolidated financial statements.
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DocuSign Envelope ID: 9C117EB0-D088-479F-9976-D4976DE4EC00
XLMEDIA PLC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
30 June | 31 December | |
2021 | 2020 | |
Unaudited | Audited |
$ in thousands
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Trade payables | 2,134 | 2,000 | |||
Deferred consideration payable | 9,875 | - | |||
Other liabilities and accounts payable | 9,914 | 8,769 | |||
Income tax provision | 11,349 | 11,899 | |||
Financial derivatives | - | 304 | |||
Current maturities of lease liabilities | 1,366 | 324 | |||
34,638 | 23,296 | ||||
NON-CURRENT LIABILITIES: | |||||
Lease liability | 4,723 | 366 | |||
Deferred tax liabilities | 1,607 | 1,243 | |||
Deferred consideration payable | 3,614 | - | |||
9,944 | 1,609 | ||||
Total liabilities | 44,582 | 24,905 | |||
EQUITY | |||||
Share capital | *) - | *) - | |||
Share premium | 121,828 | 86,022 | |||
Capital reserve from share-based transactions | 2,888 | 2,368 | |||
Capital reserve from non-controlling interests transaction | (2,626) | (2,626) | |||
Accumulated deficit | (18,592) | (18,510) | |||
Total equity | 103,498 | 67,254 | |||
148,080 | 92,159 | ||||
*) | Lower than $1 thousand. |
The accompanying notes are an integral part of the interim condensed consolidated financial statements.
22 September 2021 | ||||||
Date of approval of the | Chris Bell | Stuart Simms | Rowan Ellis | |||
financial statements | Chairman of the Board of | Chief Executive Officer | Chief Financial Officer | |||
Directors |
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DocuSign Envelope ID: 9C117EB0-D088-479F-9976-D4976DE4EC00
XLMEDIA PLC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Six months ended | Year ended | |||||||
30 June | 31 December | |||||||
2021 | 2020 | 2020 | ||||||
Unaudited | Audited | |||||||
$ in thousands | ||||||||
(except per share data) | ||||||||
Revenues | 32,218 | 27,715 | 54,839 | |||||
Cost of revenues | 13,958 | 11,106 | 20,494 | |||||
Gross profit | 18,260 | 16,609 | 34,345 | |||||
Research and development expenses | 1,197 | 1,156 | 2,464 | |||||
Sale and marketing expenses | 1,939 | 2,194 | 4,202 | |||||
General and administrative expenses | 15,697 | (*)12,980 | (*)25,810 | |||||
18,833 | 16,330 | 32,476 | ||||||
Operating profit (loss) before impairment | (573) | 279 | 1,869 | |||||
Impairment loss | - | - | 955 | |||||
Operating profit (loss) | (573) | 279 | 914 | |||||
Finance expenses | (221) | (408) | 834 | |||||
Finance income | 256 | 300 | 695 | |||||
Finance income (expenses), net | 35 | (108) | (139) | |||||
Other income, net | 99 | - | 332 | |||||
Profit (loss) before taxes on income | (439) | 171 | 1,107 | |||||
Taxes on income (tax benefit) | (357) | 72 | 315 | |||||
Profit (loss) for the period | (82) | 99 | 792 | |||||
Total comprehensive income (loss), net of tax | ||||||||
(82) | 99 | 792 | ||||||
Attributable to: | ||||||||
Equity holders of the Company | (82) | )169( | 531 | |||||
Non-controlling interests | - | 268 | 261 | |||||
(82) | 99 | 792 | ||||||
Earnings per share attributable to equity holders of the | ||||||||
Company: | ||||||||
Basic and diluted earnings (loss) per share (in $) | **( - | **( - | **( - | |||||
*) | Reorganization costs in previous periods were reclassified as general and administrative expenses. | |||||||
**) | Lower than $0.01. |
The accompanying notes are an integral part of the interim condensed consolidated financial statements.
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XLMedia plc published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 06:11:08 UTC.