Skip to main content (Press Enter)
-

Financing, cash flow and balance sheet

Tecnotree’s working capital increased during the period by EUR 8.1 (decreased EUR 6.4) million:

Change in working capital, M€ (increase - / decrease +)
  2020 2019
Current receivables, increase (-) /decrease (+) -8.6 -6.4
Inventories, increase (-) /decrease (+)   0.1
Current liabilities, increase (+) /decrease (-) 0.5 -0.2
Total change in working capital -8.1 -6.4

Project revenue is recognized in other receivables. When the agreement allows the customer to be invoiced, the receivables are regrouped in trade receivables.

Tecnotree’s cash and cash equivalents totalled EUR 8.0 (3.4) million. Cash flow after investments for the financial period ended up EUR 7.0 (0.1) million positive. The change in cash and cash equivalents for the financial period was EUR 4.7 million positive.

The balance sheet total on 31 December 2020 stood at EUR 50.6 (36.8) million. Tecnotree’s investments during the financial period were EUR 3.6 (3.4) million or 6.9% (7.1%) of net sales. Interest-bearing liabilities were EUR 13.4 (14.0). The equity ratio was 39.3% (9.9%). During the period, total equity was affected by negative translation differences of EUR 0.5 million (-0.5).