31 October 2024
SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the "Company")
Interim Results
Substrate AI (AQUIS: SAI/SAI.B) announces its unaudited interim results for the six months ended 30 June 2024, which include:
I. Limited Review Report corresponding to the Consolidated Interim Financial Statements for the six-month period ending on June 30, 2024.
II. Consolidated Interim Financial Statements for the six-month period ending on June 30, 2024.
III. Individual Interim Financial Statements for the six-month period ending on June 30, 2024.
IV. Progress status for the year 2024.
A copy of the interim financial results can be found on the company's website https://substrate.ai/en/informacion-financiera/
The Directors of the Company accept responsibility for the contents of the announcement.
For further information, please contact:
| Substrate AI |
|
| Lorenzo Serratosa Chairman |
|
| First Sentinel Corporate Finance |
|
| Brian Stockbridge
|
+44 (0) 7858 888 007
|
SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES
Condensed consolidated interim comprehensive balance sheet corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)
| ASSETS |
Notes |
30.06.2024 |
31.12.2023 |
| |
|
|
|
| Non-current assets |
|
38,365,886 |
35,542,054 |
| Intangible assets and goodwill |
|
33,966,561 |
31,795,511 |
| Goodwill |
4 y 5 |
20,501,079 |
20,813,502 |
| Other intangible assets |
5 |
13,465,482 |
10,982,009 |
| Tangible fixed assets |
6 |
384,263 |
235,379 |
| Freehold land and buildings |
|
2,658 |
3,888 |
| Plant, machinery and other equipment |
|
331,605 |
231,491 |
| Property, plant and Equipment in progress |
50,000 |
- |
|
| Right-of-use assets |
|
546,656 |
551,384 |
| Investment in an associated and a joint venture |
|
251,657 |
151,000 |
| Share in equity |
7.1 |
250,996 |
151,000 |
| Other financial assets |
|
661 |
- |
| Non-current financial assets |
7.1 |
1,226,760 |
840,073 |
| Share in equity |
31,488 |
120 |
|
| Debt instruments |
|
555,284 |
221,289 |
| Other financial assets |
|
639,988 |
618,664 |
| Deferred tax assets |
10 |
1,989,991 |
1,968,707 |
|
|
|
|
|
| Current assets |
|
9,663,081 |
9,716,646 |
| Inventories |
|
2,190,586 |
783,787 |
| Inventories |
12.2 |
1,848,599 |
781,287 |
| Advance to suppliers |
|
341,987 |
2,500 |
| Trade receivables and contract assets |
3,561,100 |
4,357,235 |
|
| Receivables from third-party customers |
7.1 |
2,872,321 |
4,270,196 |
| Other debtors |
7.1 |
4,234 |
7,188 |
| Personnel |
7.1 |
2,424 |
4,400 |
| Income tax assets |
10 |
85 |
1,594 |
| Other current tax assets |
10 |
682,035 |
73,857 |
| Current Financial assets |
7.1 |
1,600,947 |
27,415 |
| Debt instrumnets |
|
1,553,581 |
12,111 |
| Other financial assets |
|
47,366 |
15,304 |
| Prepayments |
75,371 |
32,959 |
|
| Cash and other equivalent assets |
|
2,235,076 |
4,515,250 |
| Cash and other equivalent assets |
|
2,204,682 |
4,515,250 |
| Other equivalent liquid assets |
|
30,394 |
- |
| |
|
|
|
| TOTAL ASSETS |
|
48,028,967 |
45,258,700 |
SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES
Condensed consolidated interim comprehensive balance sheet corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)
SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES
Condensed consolidated interim income statement corresponding to the Six-month period ended June 30, 2024 (Expressed in euros)
SUBSTRATE ARTIFICIAL INTELIGENCE, S.A. AND SUBSIDIARIES
Consolidated condensed interim cash flow statement for the six-month period ended 30 June 2024 (expressed in euros):
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