REG - Substrate Artificial Substrate AI-Class B - Half-year Report

Substrate Artificial Inteligence SAAnnouncement

31/10/2024 12:15

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RNS Number : 4422K  Substrate Artificial Inteligence,SA  31 October 2024

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/
(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                 info@substrate.ai (mailto:info@substrate.ai)

 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

(restated)

 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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