Investor Presentaiton
ISI
ICELAND
SEAFOOD
Q1 2020 Results
Presentation to Investors
and Analysts
€29m increase in total assets, driven by
investments and seasonal purchases
€ m's
Fixed assets
Leased assets
Intangible assets
31.3.2020 31.12.2019 Variance
€ m's
31.3.2020 31.12.2019
Variance
22.5
17.6
4.9
Total Equity
81.6
80.2
1.4
2.6
2.7
(0.1)
Thereof minority interest
3.7
3.8
(0.1)
51.8
44.7
7.1
Long term borrowings.
7.8
8.0
(0.2)
Deferred tax/other
2.9
3.1
(0.2)
Lease liabilities
1.9
2.1
(0.2)
Non Current Assets
79.8
68.1
11.7
Obligations/Deferred tax
2.0
2.1
(0.1)
Inventory
85.2
65.1
20.1
Non Current Liabilities
11.7
12.2
(0.5)
Trade and other receivables
62.9
62.3
0.6
Short term borrowings
74.5
67.2
7.3
Other assets
6.3
4.4
1.9
Trade and other payables
59.9
42.2
17.7
Bank deposits and cash
4.4
9.6
(5.2)
Other current liabilities
10.9
7.7
3.2
Current Assets
158.8
141.4
17.4
Current liabilities
145.3
117.1
28.2
Total Assets
€29.1m increase in total assets
from year beginning driven by:
Acquisition of Elba
Investments in UK
●
•
•
Higher stock levels, due to
seasonal purchases in both
Spain and UK,
238.6
209.5
29.1
Net debt of €77.9m at year end,
€12.3m higher than year
beginning. Increase driven by
investments in UK and Elba and
higher stock levels,
Total Equity and Liabilities
Equity ratio of 34% compared to
38% at year beginning. Will
strengthen to 36% post share
issuance related to acquisition of
Elba and minority share in
Havelok,
238.6
209.5
29.1
Cash position and funding
headroom being increased with in
excess of €17m long term
financing with banks in Spain in
April 2020. Resultant Group
funding headroom (including
cash) at end of April €30m.
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