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Consolidated Notes

to the Consolidated Interim Financial Statements of InVision AG as of 30 June 2023 (condensed/unaudited)

General Information

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. The standards and interpretations adopted by the IASB and endorsed by the EU with an effective date for annual periods beginning on January 1, 2023 have no material impact on the consolidated interim financial statements.

Accounting and Valuation Principles

The accounting policies and accounting, valuation and disclosure methods applied in the consolidated financial statements as of 31 December 2022 have been adopted for the preparation of the interim consolidated financial statements for the first half year ended 30 June 2023.


Revenues are categorised as follows:

By Regions (in TEUR) 6M 2023 6M 2022
Germany 3,688 3,216
United Kingdom 1,718 1,796
United States of America 790 977
Other 1,569 1,103
Total 7,765 7,092

The breakdown of revenues by region is based on the location of the company recording the revenues.

Measurement of fair values

All financial instruments are measured at amortised cost and the fair value corresponds to the book value.

The financial liabilities existing in the Group consist of a loan to refinance investments and to make further investments, liabilities from leases, and current trade payables. The significant financial assets of the Group consist of cash and cash equivalents and accounts receivable. The book value of these positions represents the maximum default risk and totals TEUR 9,850 as of 30 June 2023 (31 December 2022: TEUR 8,088). There were no significant differences between the book value of the financial assets and liabilities reported and the fair values.

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.

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 2023, there was an average of 2,235,000 shares issued and outstanding. Therefore, earnings per share for this period were EUR -0.64, compared to EUR -0.87 in the previous year, based on 2,235,000 shares issued.

Düsseldorf, 24 August 2023

The Executive Board

Peter Bollenbeck