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Incap Group Reclassifies Half-Year Financial Report
October 9, 2020 | Globe NewswireEstimated reading time: Less than a minute
Incap has reclassified non-interest-bearing liability items for the first half of 2020, reported in the half-year financial report published on 26 August 2020. The adjustment applies to a current non-interest-bearing liability of EUR 1.3 million previously reported in non-current non-interest-bearing liabilities. Non-current non-interest-bearing liabilities amounted to EUR 1.6 million on 30 June 2020, instead of the EUR 2.9 million reported earlier. Trade and other payables amounted to EUR 20.1 million instead of the previously reported EUR 19.6 million. Total liabilities were EUR 45.8 million as reported earlier.
Certain key figures have changed. In the first half of 2020, Current Ratio was 1.6 instead of the previously reported 1.5. Current Ratio for 2019 was 2.6 instead of the previously reported 2.3. In the first half of 2020, Quick Ratio was 1.0 instead of the previously reported 0.9. Quick Ratio for 2019 was 1.6 instead of the previously reported 1.4. In the first half of 2019, return on investment (ROI) was 42.5% instead of the previously reported 46.1%. In the first half of 2019, return on equity (ROE) was 48.0% instead of the previously reported 53.5% in the same period.
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