As a result of hgroup structure, Verkkauuppa.com report the parent company separated according to Finnish Accounting Standards (FAS) – The Group was reported according to IFRS

Verkkokauppa.com Oyj’s current financial reporting date for today is December 20, 2022.

Due to the structure of the Group, Verkkokauppa.com will report the parent company separately, and in accordance with the Finnish Accounting Standards (FAS). Verkkokauppa.com has created a group since completing the purchase on April 1, 2022.

The changes do not affect the report of the Verkkukuppa.com Group. The Group reports its year-end financial statements and financial statements for the financial period ending on 31 December 2022 in accordance with (IFRS), and for the first time the company families are reported separately in accordance with FAS.

Attached to this release is an unaudited interim bridge calculation in accordance with FAS from the company’s statement of income and balance sheet for the full year 2021.

Verkkokauppa.com publishes its 2022 Financial Statements Bulletin on February 9, 2023.

For more information, please contact:

Mikko Forsell
CFO, Verkkauuppa.com Oyj
mikko.forsell@verkkakauppa.com
Tel. +358 10 309 5555

Marja Mäkinen
Head of Investor Relations and Corporate Communications
Verkkauuppa.com Oyj
Marja.makinen@verkkukuppa.com
Tel. +358 40 671 2999

Attachments:
The non-controllable interim bridge calculation in accordance with the FAS from the parent company of Verkkokauppa.com is the statement of income and balance for the full year 2021.

IFRS 31 December 2021 FAS Adjustment Requirements FAS December 31, 2021
Income 574 513 965 574 513 965
Income from other activities 921 848 921 848
Equipment and Services -483 322 953 3b) 59 749 -483 263 203
Employee benefit costs -36 570 478 1b) 1,538,289 -35 032 189
Depreciation and amortization -4 983 439 2) 3 649 630 -1 333 809
Other expenses -30 263 077 1b), 2) -6 572 454 -36 835 531
Employment benefits 20,295,867 -1 324 786 18 971 081
Financial money 5629 5629
Financial money -1 352 447 2) 1,197,715 -154 732
Net cash flow -1 346 818 1,197,715 -149 102
Profit before income tax 18 949 049 -127 071 18,821,978
Taxes in the accounting period -3 795 968 -3 795 968
Taxes from the current accounting period 261 261
Income tax -60 205 5) 60 205 0
Total income tax -3 855 912 60 205 -3 795 706
Term benefits 15,093,138 -66 866 15,026,272
The IFRS share price is 31 December 2021 FAS Adjustment Requirements FAS on December 31, 2021
Intangible assets
Property, plant and equipment 1 363 597 1 363 597
Possession of usable rights 5 214 014 5 214 014
Financial investment 15,776,459 2) -15,776,459 0
Deferred tax assets 266 484 3a) -265 266 219
Trade receivables 1,289,163 5) -1 289 163 0
Loan receivables 3,816,537 3,816,537
Receivables from companies in the same group, short term
Other non-current receivables 424 764 424 764
Current assets, total 28 151 019 -17 065 887 11 085 132
Current assets
and counting 87 802 963 3b) 509 341 88 312 304
Trade receivables 23 123 801 23 123 801
Receivables from companies in the same group, long-term
The loan that can be received
Other receivables 3 699 415 3 699 415
Payment of taxes
Income 8,627,205 8,627,205
Cash and cash equivalents 20 917 082 20 917 082
Current assets, total 144 170 466 509 341 144 679 807
Total assets 172 321 485 -16 556 546 155 764 939
precision
Share capital 100,000 0 100,000
Treasury shares -1 610 616 1c) 11 173 -1 599 443
Unlimited investment 25,937,990 0 25,937,990
Retained earnings -3 837 936 1), 2), 3), 4), 5) 3 114 194 -723 742
Term benefits 15,093,138 1), 2), 3), 4), 5) -66 866 15,026,272
Total equity 35 682 576 3,058,501 38 741 077
Non-current obligations
Lease liabilities 16,104,849 2) -16 104 849 0
Obligations to Lending Institutions
Deferred tax payments
Obligations in the same group, long-term
supplies 895 743 895 743
Non-current liabilities, total 17,000,591 -16 104 849 895 743
Current duties
Lease liabilities 4 034 477 2) -4 034 477 0
Obligations to Lending Institutions
Advance payment received 5 760 991 5 760 991
Debt sales 77 609 210 77 609 210
Responsibilities in the same company, short term
Other Responsibilities 10,717,909 1a) -756 967 9 960 942
liabilities acquired 19,777,727 1a), 2), 4) 1 281 246 21 058 973
Income tax liability 1 738 004 0 1 738 004
Current liabilities, total 119 638 319 -3 510 198 116 128 120
Absolute duty 136 638 910 -19 615 047 117 023 863
Total equity and liabilities 172 321 485 -16 556 546 155 764 939

FAS rating

The online table of the history of the list of Verkkukuppa.com Oyj file US dollars every year until the year 2014 was created this page.

1. Change in Classification

(a) Changes in classification relating to balance sheets.

(b) Cost of Volunteers

Companies have shown in their IFRS financial statements that all employee expenses included in employee benefits are shown as part of employee expenses.

In FAS, all volunteer expenses are included in other business expenses.

c) special deposit

In the previous year, the company recorded the cost of sales resulting from the purchase price of its own shares of stock as part of the purchase price of the IFRS.

In FAS, the purchase price of the company’s own shares is treated as an expense in the income statement.

2. Lease

The company is, according to IFRS, the company must record in the balance sheet of all lease contracts the equivalent of the present value of the minimum rental at the beginning of the contract lease of property and liability. The standard includes practical help in recording, where expensive and short-term (less than 12 months) leases may not be recorded. Verkkukuppa.com Corporation has decided to implement both methods of assistance. Assets and liabilities based on leasehold income are calculated by reducing the minimum rent. With processing according to IFRS The rental expense shown in the FAS is a compensation for the depreciation of the asset. In addition, the cost of the debt is recorded, which is shown as a financial expense in the income statement. If the payment of the rental agreement is allocated to the accumulated debt, it is transferred as part of the debt of the rental agreement.

In FAS, the income statement records rental costs over time as expenses from other businesses. At the end of the accounting period, the lease liability is reported on the balance sheet as an external item under commitments.

3. Financial instruments

(a) Classification of equity investments through other comprehensive income

IFRS requires the classification of financial assets based on the business model. The IFRS company evaluated the business model of the financial investment and made an irreversible decision to classify the investment at fair value through other comprehensive income. In FAS, the company manages the investment initially at the purchase price.

According to IFRS, changes in the value of investments are recorded in other comprehensive income. Estimates related to the transfer of conditional investments, related to the other components collected in comprehensive income, the balance involved is transferred to retained earnings.

(b) Annual credits for inventory

In accordance with IFRS, when determining the purchase price of the stock, it is minus the annual credit. According to the FAS, not all annual credits are allocated to the purchase price of the stock.

In this regard, the company must adjust the book value of the warehouse and the deferred tax book. In the income statement, results are reflected in equipment and services, in changes in current assets and in changes in deferred taxes.

4. Other amendments

In 2021, Verkkokauppa.com had a two-part incentive plan for the CEO and the Management team, the 2018–2020 Matching Plan and the Matching Distribution Plan for the 2020–2022 performance.

In 2021, Verkkukuppa.com presented the rewards according to the first commitment period of the Additional Distribution Program 2018-2020 in terms of direct free distribution.

The share-based incentive plan is classified in IFRS reporting as a structured transaction, as Verkkokauppa.com Oyj will deduct, on behalf of the employees, from the allocation of the number of part that covers taxes and fees. in money.

This equity share payment was measured at grant date fair value and recognized as an expense and retained earnings over the applicable period.

In FAS, part-based payments are recognized as expenses and liabilities.

5. Deferred Tax Assets and Liabilities

The Company has recorded IFRS deferred tax assets related to lease agreements and inventories for adjustment. Companies will not record deferred taxes for these items in their FAS financial statements.

Distribution:
Nasdaq Helsinki
Large media
www.verkkuppa.com

Verkkauuppa.com empowers its customers to meet their needs by providing a wide range of products with around 90,000 products. Verkkokauppa.com Oyj serves its retail and corporate customers through its stores, megastores, kiosks and a network of collection points as well as fast delivery and various services. As the most popular and most visited online retailer in Finland, its delivery covers 75 percent of the Finnish population within the next day. The company has four megastores: in Oulu, Pirkkala, Raisio and Helsinki, where its headquarters are located. Verkkokauppa.com employs over 750 people and its shares are listed on the Nasdaq Helsinki stock exchange with the ticker VERK.



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