Figeac Aero announces its provisional 2022/23 half-year results ended September 30, 2022, currently being audited and corrected from those released on December 20. The accounts will be approved by the Board of Directors which will be held on January 12.
Compared to the provisional accounts presented at the end of December, the main change concerns the accounting treatment of ORNANEs. When the provisional financial statements were published, the treatment of ORNANEs (whose contract was renegotiated as part of the overall restructuring of the Group’s debt) was being analyzed.
After correction, the impacts on the financial statements relate to unrealized losses on financial instruments (+14.2 MEUR) and the adjustment of the cost of financial debt (-1.4 MEUR), for an impact on the net result of +9.4 MEUR (following adjustment for deferred tax), the net income Group share amounting to -6.7 MEUR. On the balance sheet: shareholders’ equity increased by +9.3 MEUR, while financial debt decreased by 12.9 MEUR.
