to the Consolidated Interim Financial Statements of InVision AG as of 30 June 2020 (condensed/unaudited)
General information about the Company
InVision Aktiengesellschaft, Düsseldorf (hereinafter also referred to as “InVision AG” or the “Company”), together with its subsidiaries (hereinafter also referred to as the “InVision Group” or the “Group”), develops and markets products and services in the field of workforce management and education, and is mainly active in Europe and the United States.
The Company’s registered offices are located at Speditionstraße 5, 40221 Düsseldorf, Germany. It is recorded in the Commercial Register of the Local Court of Düsseldorf under registration number HRB 44338. InVision AG has been listed in the prime standard segment of the Frankfurt Stock Exchange under securities identification number 585969 since 18 June 2007.
Basis of the accounting
The condensed consolidated interim financial report for the reporting period was prepared in accordance with IAS 34 “Interim Financial Reporting”. The condensed consolidated interim financial report does not contain all explanations and information that are required for the financial statements of the full fiscal year and should be read in conjunction with the consolidated financial statements as of 31 December of the previous fiscal year.
Group of consolidated companies
InVision Software B.V. was founded on April 21, 2020 and entered in the Dutch Commercial Register on April 22, 2020. The company joined the consolidated group on the same date. The remaining group of consolidated companies has not changed since 31 December of the previous fiscal year.
The Company has no treasury shares.
Revenues are categorised as follows:
|By Business Activities (in TEUR)||6M 2020||6M 2019|
|By Regions (in TEUR)||6M 2020||6M 2019|
The breakdown of revenues by region is based on the location of the company recording the revenues.
Events after the balance sheet closing date
After the end of the reporting period, there were no specific events which were of significant importance for the interim financial report.
The Executive Board is composed of the following members:
Peter Bollenbeck, Düsseldorf
Earnings per share
Earnings per share were calculated by dividing the periodic result, which is attributable to InVision AG’s shareholders, by the average weighted number of shares issued and outstanding during the reporting period. InVision AG has issued only ordinary shares. In the first six months of 2020, there was an average of 2,235,000 shares issued and outstanding. Therefore, earnings per share for this period were EUR -0.02, compared to EUR 0.09 in the previous year, based on 2,235,000 shares issued.
Responsibility statement by the Executive Board
To the best of our knowledge and in accordance with the applicable reporting principles for financial reporting, the consolidated interim financial statements give a true and fair view of the Group’s assets, liabilities, financial position and results of operation, and the interim Group’s management report includes a fair review of the development and performance of the business, together with a description of the principal opportunities and risks related to the anticipated development of the Group for the remainder of the fiscal year.
Düsseldorf, 13 August 2020
The Executive Board