Initial application of IFRS

The reconciliation of the statement of financial position according to Dutch GAAP and IFRS at the date of adoption (January 1, 2022) is as follows:

Amounts in 1,000 euros	IFRS standard	Jan 1, 2022 NL-GAAP	Presentation	Measurement	Jan 1, 2022 IFRS
Non-currents
Land and buildings		-	-	-	-
Other property, plant and equipment		-	-	-	-
Fixed assets with right of use	16	-	-	-	-
Goodwill	3	33,418	-	1,094	34,512
Other intangible fixed assets		-	-	-	-
Participations in group companies	15	77,712	-	-18,657	59,055
Participating interests in associates and joint ventures	11	90	-	-	90
Other financial fixed assets		108	-	-	108
Total non-current assets		111,328	-	-17,563	93,765

Current assets
Receivables from group companies		22,878	-	-	22,878
Trade receivables and related parties	10	258	-	-	258
Receivables from shareholders		1,312	-	-	1,312
Current tax receivables	15	-	-	6,720	6,720
Other current assets		1,099	-	-	1,099
Cash and cash equivalents	10	15,293	-	-	15,293
Total current assets		40,840	-	6,720	47,560

Total assets		152,168	-	-10,843	141,325

Equity	10, 15	98,679	-	-19,325	79,354

Non-current liabilities
Non-current loans		50,000	-	-	50,000
Other non-current financial liabilities		-	-	-	-
Provisions		-	-	-	-
Deferred tax liabilities		-	-	-	-
Lease obligations		-	-	-	-
Total non-current liabilities		50,000	-	-	50,000

Current liabilities
Trade and other payables		94	-	-	94
Taxes and social security contributions		-	-	-	-
Personnel costs to be paid		18	-	-	18
Provisions		-	-	-	-
Liabilities to group companies	10, 15	-	-	6,720	6,720
Liabilities to shareholders and associates		1,702	-	-	1,702
Other liabilities	10	1,674	-	1,762	3,436
Total current liabilities		3,488	-	8,482	11,970

Total equity and liabilities		152,168	-	-10,843	141,325

The reconciliation of the statement of financial position according to Dutch GAAP and IFRS at the date of adoption (January 1, 2022) is as follows:

Amounts in 1,000 euros	IFRS standard	Jan 1, 2022 NL-GAAP	Presentation	Measurement	Jan 1, 2022 IFRS
Non-current Assets
Land and buildings		-	-	-	-
Other property, plant and equipment		-	-	-	-
Fixed assets with right of use	16	-	-	-	-
Goodwill	3	28,708	-	5,804	34,512
Other intangible fixed assets		468	-	-	468
Participations in group companies	15	116,183	-	-12,280	103,903
Participating interests in associates and joint ventures	11	78	-	-	78
Other financial fixed assets		26,183	-	-	26,183
Total non-current assets		171,620	-	-6,477	165,143

Current assets
Receivables from group companies		102	-	-	102
Trade receivables and related parties	10	5	-	-	5
Receivables from shareholders		-	-	-	-
Current tax receivables	15	195	-	6720	6,915
Other current assets		503	-	-	503
Cash and cash equivalents	10	36,371	-	-	36,371
Total current assets		37,176	-	6,720	43,896

Total assets		208,796	-	243	209,039

Equity	10, 15	128,955	-	-7,570	121,385

Non-current liabilities
Non-current loans		64,213	-	-	64,213
Other non-current financial liabilities		-	-	-	-
Provisions		500	-	-	500
Deferred tax liabilities		-	-	-	-
Lease obligations		-	-	-	-
Total non-current liabilities		64,713	-	-	64,713

Current liabilities
Trade and other payables		265	-	-	265
Taxes and social security contributions		-	-	-	-
Personnel costs to be paid		262	-	-	262
Provisions		-	-	-	-
Liabilities to group companies	10, 15	12,681	-	6,720	19,401
Liabilities to shareholders and associates		1,856	-	-	1,856
Other liabilities	10	64	-	1,094	1,158
Total current liabilities		15,128	-	7,814	22,942

Total equity and liabilities		208,796	-	243	209,039

The main holding gains and losses in the balance sheet as at January 1 and December 31, 2022 were caused by:

IFRS 10: valuation at fair value of the earn-out and the obligation to buy the non-controlling interest in two group companies
IFRS 15: profit recognition on contracts with customers

The reconciliation of the statement of profit or loss according to NL GAAP and IFRS for 2022 is as follows:

Amounts in 1,000 euros	IFRS standard	Jan 1, 2022 NL-GAAP	Presentation	Profit or loss	Jan 1, 2022 IFRS

Employee benefits expense	3	-590	-	-62	-652
Social security contributions and pensions		-	-	-	-
Other personnel costs		-	-	-	-
Hiring from third parties		-	-	-	-
Amortization of intangible fixed assets	3	-5,295		5,295	-
Depreciation of tangible fixed assets and rights-of-use assets	16	-	-	-	-
Other operating costs	3	-1,174		-230	-1,404
Impairment (loss) / reversal		-	-	-	-
Operating costs		-7,058	-	5,002	-2,056

Operating profit		-7,058	-	5,002	-2,056

Financial income		-	-	-	-
Financial charges		-1,056	-	-	-1,056
Other non-operating results		-	-	-	-
Share in result of group companies after tax	3, 15	38,595	-	6,753	45,348
Share in result of associates and joint ventures	10	-829	-	-	-829

Profit before tax		29,653	-	11,755	41,408

Income taxes		622	-	-	622

Profit / Loss After Tax		30,274		11,755	42,029

Result attributable to non-controlling interests group companies		-		-	-

Result attributable to shareholders of Unica Groep B.V.		30,274		11,755	42,029

For further information on the adoption, please refer to note 2 of the consolidated financial statements.

The main effects of the differences in profit and loss for 2022 were mainly caused by:

IFRS 3: annual impairment analysis of goodwill instead of amortisation
IFRS 10: deconsolidation of a partnership contract through a general partnership ("joint operation")
IFRS 16: Depreciation of assets in use instead of rental and lease costs

The adoption of IFRS as of 1 January did not have a significant impact on the cash flow statement.

	IFRS standard	2022 NL GAAP	Effect IFRS	2022 IFRS

Operating profit	3, 10, 16	48,072	12,206	60,278
Adjustments for depreciations	16	24,837	6,605	31,442
Operational cashflow before changes working capital		72,909	18,811	91,720
Net-change in working capital		-33,026	402	-32,624
Cashflow from operational activities		39,883	19,213	59,096
Cashflow from investment activities	16	-32,960	-23,117	-56,077
Cashflow from financing activities		12,370	-	12,370
Net cashflow		15,455	-66	15,389

Cash in acquired companies		3,838	-	3,838

Cash per 1 January 2022		53,905	-90	53,815

Cash per 31 December 2022		73,198	-156	73,042