HALF-YEAR REPORT 2022
consolidated statement of COMPREHENSIVE INCOME
for the first half of 2022 (January 1 to June 30, 2022)
1) In the 2020 financial year, Feintool received a loan of USD 8.4 million under the PPP program in the United States to mitigate the impact of the COVID-19 pandemic. In the first half of 2021, the government assured the company that this loan would not have to be repaid. Feintool also received CHF 3.0 million in immediate aid from the Swiss government in the financial year 2021 to mitigate the effects of the COVID-19 pandemic. In addition, please refer to section 1 of the Notes.
2) Includes the operating result before depreciation and amortization, (net) financial income and income tax.
3) Due to capacities no longer required at one plant, an impairment loss on manufacturing equipment totaling CHF 8.3 million was recognized in the first half of 2021. In addition, please refer to section 1 of the Notes.
4) Includes the operating result before (net) financial income and income tax.
consolidated balance sheet
for the first half of 2022 (as at June 30, 2022)
consolidated statement of changes in equity
for the first half of 2022
1) The share based management remuneration involves payment of part of the salary in shares.
2) On May 13, 2022, 9 829 684 new shares, each with a nominal value of CHF 10, were issued as capital increase.
3) The General Meeting held on April 28, 2022 approved the Board of Directors' proposed dividend distribution of CHF 1.00 per registered share from earnings for the financial year ended December 31, 2021.
consolidated statement of cash flows
for the first half of 2022
1) Includes the cash flows from operating activities and the cash flows from investing activities
Lease payments are classified as follows on the statement of cash flows:
– Cash payments for the amortization portion are recognized as financing activities.
– Cash payments for the interest portion are recognized in cash flow from financing activities.
– Cash payments for non-capitalized leases are recognized in cash flow from operating activities.
The items Financial result, Interest paid and Interest received were not reported as separate items in the consolidated cash flow statement for the half year 2021. These items are reported separately in the reporting year, with the previous year's figures having been adjusted accordingly within the meaning of IAS 1.41. In this context, it has also been decided that these items will now be reported in cash flows from investing activities (Interest received) and cash flows from financing activities (Interest paid), respectively, instead of cash flows from operating activities as previously. This means that the free cash flow for the half year 2021 has increased by TCHF 1 644 and the cash flows from financing activities has decreased by TCHF 1 644.