Extrafin SpA: Approval of financial statements as at 31.12.2022

Udine (pta016/19.06.2023/10:38 UTC+2)

Udine (UD), 19.06.2023 – Extrafin S.p.A. ("Extrafin" or the "Company") informs that, on June 5th 2023, the ordinary shareholders' meeting approved the financial statements as at 31.12.2022 prepared and elaborated by the Administrative Body of the Company.

The valuation of the balance sheet items was carried out taking into account the principle of prudence and on a going concern basis, as well as taking into account the principle of prevalence of the economic substance, of the asset and liability element considered, over the legal form.

Each balance sheet item follows the new principle of materiality derived from directive 2013/34 according to which "the state of information is material when its omission or incorrect indication could reasonably influence the decisions taken by users on the basis of the company's financial statements". The accruals principle was also followed, whereby the effect of the transactions and other events was recognized in the accounts and attributed to the year to which these transactions and events refer, and not to the one in which the related financial movements take place.

The main consolidated economic and financial data which can be inferred from the financial statements are presented below in summary form.

The Standard & Poor's rating model, which was run on the Company and which uses financial ratios ignoring, unlike those used by Italian banks, purely capital-accounting profiles such as the Debt/Equity ratio, assigns the company a secure financial equilibrium; moreover, the Altman index does not reveal any risk for the Company itself.
Based on the analysis conducted with the MedioCredito Centrale valuation model, the company is characterized by an adequate capacity to meet its financial commitments and that its credit risk is limited.

It was decided to maintain the focus on the fintech market and attention was paid to the hotel structure purchased in Trentino which has allowed the company to triple the value of its assets.

The profit for the year stands at € 6,598, compared to the € 8,342 recorded at 31.12.2021.

The balance sheet is solid.

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Emitter:	Extrafin SpA Via Stiria 45 - Centro Partigross 33100 Udine Italy
Contact Person:	Maja Petranovic
Phone:	+39 351 6031719
E-Mail:	regulators.office@extrafin.it
Website:	www.extrafin.it
ISIN(s):	IT0005355216 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)