| Subsidiaries With Material Non-controlling Interest |
37. Subsidiaries with material non-controlling interest
The Stevanato Group comprises the following subsidiaries with material non-controlling interest:
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At December 31, |
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At December 31, |
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Name |
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Country |
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2021 |
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2020 |
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Ompi of Japan Co., Ltd. |
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Japan |
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49 |
% |
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49 |
% |
Medical Glass a.s. |
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Slovakia |
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0.26 |
% |
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0.26 |
% |
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At December 31, |
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At December 31, |
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(EUR thousand) |
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2021 |
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2020 |
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Proportion of equity interest held by non-controlling interests: |
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Ompi of Japan Co., Ltd. |
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419 |
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487 |
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Medical Glass a.s. |
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(56 |
) |
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(48 |
) |
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363 |
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439 |
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Profit allocated to material non-controlling interest: |
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Ompi of Japan Co., Ltd. |
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60 |
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(76 |
) |
Medical Glass a.s. |
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(8 |
) |
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(8 |
) |
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52 |
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(84 |
) |
Changes in non-controlling interests are shown in the consolidated statement of changes in equity.
The tables below show the summarized income statement for the year ended December 31, 2021:
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(EUR thousand) |
|
Ompi of Japan
Co., Ltd. |
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|
Medical Glass a.s. |
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Net Sales |
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4,325 |
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41,643 |
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Cost of Sales |
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3,542 |
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34,425 |
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Gross Profit |
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|
783 |
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7,218 |
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Other operating income |
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— |
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195 |
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Selling and marketing expenses |
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|
299 |
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177 |
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Research and development expenses |
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|
150 |
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— |
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General and administrative expenses |
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|
452 |
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|
3,302 |
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Operating profit |
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(118 |
) |
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3,934 |
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Interest income |
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37 |
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111 |
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Interest expense |
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90 |
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42 |
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Profit before tax |
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(171 |
) |
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4,003 |
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Income taxes |
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(48 |
) |
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826 |
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Net Profit |
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(123 |
) |
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3,177 |
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Total comprehensive income |
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(123 |
) |
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3,165 |
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Attributable to non-controlling interests |
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(60 |
) |
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8 |
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Dividends paid to non-controlling interests |
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— |
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— |
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The tables below show the summarized income statement for the year ended December 31, 2020:
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(EUR thousand) |
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Ompi of Japan
Co., Ltd. |
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Medical Glass a.s. |
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Net Sales |
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6,811 |
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36,852 |
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Cost of Sales |
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5,509 |
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30,039 |
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Gross Profit |
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1,302 |
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6,813 |
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Other operating income |
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— |
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43 |
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Selling and marketing expenses |
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349 |
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165 |
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Research and development expenses |
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157 |
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— |
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General and administrative expenses |
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|
518 |
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2,715 |
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Operating profit |
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278 |
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3,976 |
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Interest income |
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17 |
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2 |
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Interest expense |
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74 |
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30 |
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Profit before tax |
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221 |
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3,948 |
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Income taxes |
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66 |
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|
834 |
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Net Profit |
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155 |
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3,114 |
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Total comprehensive income |
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155 |
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3,111 |
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Attributable to non-controlling interests |
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|
76 |
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8 |
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Dividends paid to non-controlling interests |
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— |
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— |
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The tables below show the summarized income statement for the year ended December 31, 2019:
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(EUR thousand) |
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Ompi of Japan
Co., Ltd. |
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|
Medirio SA |
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Medical Glass a.s. |
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Net Sales |
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2,533 |
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— |
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32,811 |
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Cost of Sales |
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2,207 |
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— |
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27,661 |
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Gross Profit |
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|
326 |
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— |
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5,150 |
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Other operating income |
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— |
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— |
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— |
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Selling and marketing expenses |
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451 |
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— |
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|
123 |
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Research and development expenses |
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|
156 |
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|
1,013 |
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— |
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General and administrative expenses |
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|
437 |
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|
25 |
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|
3,350 |
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Operating profit |
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(718 |
) |
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(1,038 |
) |
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1,677 |
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Interest income |
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161 |
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4 |
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4 |
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Interest expense |
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32 |
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3 |
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20 |
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Profit before tax |
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(589 |
) |
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(1,037 |
) |
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1,661 |
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Income taxes |
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(176 |
) |
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18 |
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|
387 |
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Net Profit |
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(413 |
) |
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(1,055 |
) |
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1,274 |
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Total comprehensive income |
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(413 |
) |
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(1,055 |
) |
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1,272 |
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Attributable to non-controlling interests |
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|
(202 |
) |
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(295 |
) |
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|
3 |
|
Dividends paid to non-controlling interests |
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|
— |
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— |
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— |
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The tables below show the summarized financial position as at December 31, 2021:
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|
(EUR thousand) |
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Ompi of Japan
Co., Ltd. |
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Medical Glass a.s. |
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Property, plant and equipment and other non-current assets |
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|
534 |
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13,658 |
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Net working capital |
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(280 |
) |
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|
5,582 |
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Total non-current liabilities and provision |
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|
— |
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(653 |
) |
Net capital employed |
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|
254 |
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18,587 |
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Net financial position* |
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(1,233 |
) |
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6,204 |
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Total equity |
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(979 |
) |
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24,791 |
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Attributable to: |
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Equity holders of parent |
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(500 |
) |
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24,727 |
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Non-controlling interest |
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(479 |
) |
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64 |
|
*Net financial position is determined as the algebraic sum of cash and cash equivalent, other current financial assets, non-current financial liabilities and current financial liabilities
The tables below show the summarized financial position as at December 31, 2020:
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(EUR thousand) |
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Ompi of Japan
Co., Ltd. |
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Medical Glass a.s. |
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Property, plant and equipment and other non-current assets |
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|
530 |
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12,477 |
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Net working capital |
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(628 |
) |
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|
7,101 |
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Total non-current liabilities and provision |
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|
— |
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(596 |
) |
Net capital employed |
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(98 |
) |
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18,982 |
|
Net financial position* |
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(742 |
) |
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2,711 |
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Total equity |
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(840 |
) |
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21,693 |
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Attributable to: |
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Equity holders of parent |
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(429 |
) |
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21,637 |
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Non-controlling interest |
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(411 |
) |
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|
56 |
|
*Net financial position is determined as the algebraic sum of cash and cash equivalent, other current financial assets, non-current financial liabilities and current financial liabilities
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