Correction to 2022 financial statement release

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Endomines Finland Plc – Financial Statement Release, 28.4.2023, at 16.00 EET.

 

 

In connection with the Group's audited Financial Statements, the company revises the figures in the Group's Consolidated Income Statement and Balance Sheet, published in the FY 2022 Financial Statements Release on 15 February 2023.

 

The corrections have no effect on the turnover, operational costs, or EBITDA of the financial year 2022. Corrections have no cash flow effect.

 

FY 2022, MEUR                           

Before correction                      

After correction

 

 

 

Consolidated statement of comprehensive income

 

 

Depreciation and impairment   

-9.1

-8.3

Operating profit                      

-15.5

-14.7

Financial income                            

0.0

0.3

Financial expenses                       

-2.4

-3.0

Earnings before tax                  

-17.9

-17.5

Result for the year                   

-17.9

-17.5

Translation differences               

2.9

2.8

Comprehensive result                 

-15.0

-14.7

Earnings per share*, eur         

-1.93

-2.70

 

 

 

Consolidated balance sheet

 

 

Tangible fixed assets                    

14.8

14.9

Total non-current assets             

48.8

48.9

TOTAL ASSETS                               

54.9

55.0

 

 

 

Retained earnings                       

-132.5                                           

-132.0

Total equity                                    

35.9                                               

36.3

Provisions                                       

1.5                                                 

1.4

Total long-term liabilities            

12.0                                               

11.9

Interest-bearing liabilities s-t      

0.0                                                  

0.1

TOTAL EQUITY AND LIABILITIES  

54.9                                              

55.0

*In this chart and in the financial statements release published on 15 February 2023, the earnings per share is presented according to the number of shares at the end of the reporting period on 31 December 2022, which was 9 287 959 shares. In the annual report, earnings per share will be presented on the weighted average number of shares for the financial year 2022 which was 6 470 323 shares and the earnings per share was -2.70 euros for year 2022 period based on the weighted average number of shares.

 

 

Endomines Finland Plc

 

Further information


Mikko Sopanen
CFO, Endomines Finland Oyj
mikko.sopanen@endomines.com, +358 50 434 7439

 

 

 

 

 

 

    

Endomines

Endomines is a mining and exploration company with its primary focus on gold. Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. Endomines also owns rights to several gold deposits in Idaho and Montana, US, where Endomines aims to continue the development work through partnership agreements. www.endomines.com

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