AFFECTO PLC STOCK EXCHANGE RELEASE 31 August 2007 at 09:00
KEY FIGURES OF COMPONENT SOFTWARE'S INTERIM REPORT 1-6/2007
Affecto's Norwegian subsidiary Component Software Group ASA ("CSG") has today
published its interim report for period 1 January - 30 June 2007 by a notice
sent through Oslo Stock Exchange.
Affecto has acquired 95.3% of CSG via a public tender offer, which expired on
22 August 2007. CSG will be consolidated to Affecto group as of 1 September
2007.
CSG's interim report can be found from CSG's website www.componentsoftware.no
and is also attached to this release in pdf format.
CSG CONSOLIDATED PROFIT AND LOSS STATEMENT
2nd quarter 1st half year 2006FY
(Figures in NOK 1000) 2007 2006 2007 2006 audited
Revenue 95 872 65 741 188 280 134 887 303 807
Operating expenses
Cost of goods sold 26 782 18 296 50 837 39 229 94 394
Employee benefits expense 47 283 34 186 94 834 66 010 139 460
Other operating expenses 13 620 8 959 27 692 19 835 40 653
EBITDA 8 187 4 300 14 917 9 813 29 300
EBITDA margin 8,5 % 6,5 % 7,9 % 7,3 % 9,6 %
Depreciation of tangible 503 537 1 037 1 051 2 220
assets
EBITA 7 684 3 763 13 880 8 762 27 080
Amortization of goodwill - - - - -
EBIT 7 684 3 763 13 880 8 762 27 080
Financial items
Finance income 597 507 1 459 1 013 1 892
Finance cost (185) (379) (649) (597) (1 577)
Net finance 412 128 810 416 315
Profit before taxes 8 096 3 891 14 690 9 178 27 396
Taxes (28%) 1 606 1 089 3 805 2 570 4 922
Profit after taxes 6 490 2 802 10 885 6 608 22 474
CSG CONSOLIDATED BALANCE SHEET
(Figures in NOK 1000) 30.6.2007 30.6.2006 31.12.2006
audited
ASSETS
Non-current assets
Intangible assets 42 276 7 672 8 626
Equipment 2 579 3 375 3 198
Deferred tax assets 16 273 19 968 16 044
Other non-current assets - 32 -
Total non-current assets 61 128 31 047 27 868
Current assets
Accounts receivable 81 987 51 716 80 499
Other current assets 10 902 3 012 6 430
Cash and cash equivalents 38 250 25 709 50 863
Total current assets 131 139 80 437 137 792
TOTAL ASSETS 192 267 111 483 165 660
Equity
Paid in capital
Issued capital 17 470 8 951 8 951
Share premium 30 339 8 036 8 036
Other paid-in capital 1 528 - 580
Total paid in capital 49 337 16 987 17 567
Other equity
Other equity 27 847 4 107 17 769
Total other equity 27 847 4 107 17 769
Total equity 77 184 21 094 35 336
Current liabilities
Accounts payable 23 649 19 966 38 759
Income tax payable 2 510 - 1 002
Public duties payable 18 481 10 566 22 723
Other current liabilities 70 443 59 857 67 840
Total current liabilities 115 083 90 389 130 324
0
Total liabilities 115 083 90 389 130 324
TOTAL EQUITY AND LIABILITIES 192 267 111 483 165 660
AFFECTO PLC
Hannu Nyman
Senior Vice President, M&A
Further information:
Pekka Eloholma, CEO, tel. +358 205 777 737
Hannu Nyman, Senior Vice President, M&A, tel. +358 205 777 761
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