Page 52 - Annual Report 2019
P. 52
Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes
HOFTEX GROUP AG, Hof/Saale
Income Statement for the 2019 fiscal year
in EUR thousand 2019 2018
Sales 4,506 4,146
Other operating income 149 349
Personnel expenses -3,085 -3,052
Depreciation, amortisation and write-downs -843 -722
Other operating expenses -1,881 -2,033
Net investment income 4,793 6,561
Net interest income 515 666
Taxes on income -207 -381
Earnings after tax 3,947 5,534
Other taxes -76 -113
Net income for the fiscal year 3,871 5,421
Retained profits brought forward 107 247
Appropriation to revenue reserves -1,300 -2,700
Net retained profits 2,678 2,968
Annex 2
