Financial statements European Conferences United
Revenue and profit of EUROPEAN CONFERENCES UNITED
| Year | 
                            2018
                                                     | 
                            2019
                                                     | 
                            2020
                                                     | 
                            2021
                                                     | 
                            2022
                                                     | 
                            2023
                                                     | 
|---|---|---|---|---|---|---|
| Net sales | 313 342,03 | 5 250 377,79 | 1 933 961,01 | 1 329 123,47 | 3 260 382,22 | 2 847 242,37 | 
| Operating activity costs | 996 857,20 | 5 143 864,62 | 1 964 645,65 | 1 121 032,56 | 2 369 477,13 | 2 618 847,83 | 
| Sales profit | -683 515,17 | 106 513,17 | -30 684,64 | 208 090,91 | 890 905,09 | 228 394,54 | 
| Other operating income | 0,86 | 743,65 | 109 285,74 | 30 414,88 | 13 780,52 | 734,58 | 
| Other operating expenses | 1,39 | 10 050,08 | 9 179,49 | 11 895,44 | 62 047,51 | 11 062,74 | 
| Operating profit (loss) | -683 515,70 | 97 206,74 | 69 421,61 | 226 610,35 | 842 638,10 | 218 066,38 | 
| Gross profit (loss) | -684 560,22 | 91 387,16 | 58 438,10 | 221 706,10 | 840 667,44 | 197 185,65 | 
| Net profit (loss) | -684 560,22 | 91 387,16 | 58 438,10 | 221 706,10 | 776 785,44 | 175 928,65 | 
Financial data is automatically retrieved from the EKRS webpage of the Ministry of Justice.
                    - Sales Revenue - Revenue obtained from the sale of goods, products, or services during a given reporting period.li>
- Cost of Goods Sold - Costs directly related to the production or purchase of the products, goods, or services sold.
- Gross Profit from Sales - The difference between sales revenue and the cost of goods sold.
- Income Tax - The amount of income tax payable on gross profit in accordance with tax regulations.
- Net Profit - The profit after deducting all costs, including income tax.
- Amortization - Amortization is an accounting method used to gradually reduce the book value of a loan or intangible asset over a specific time frame. For loans, it involves distributing payments across the repayment period. When applied to assets, amortization functions similarly to depreciation.
- Employee Costs - Costs related to salaries, social benefits, and other employment-related expenses.
- Selling Costs - Costs related to sales activities, including expenses for advertising, marketing, transportation, etc.
- General Administrative Costs - Costs related to maintaining the company's operational activities, including administrative expenses.
- Operating Profit (EBIT) - Profit before deducting interest and taxes, calculated as the difference between revenue and operating costs.
- Financial Income - Income earned from financial activities, such as interest, dividends, and gains from securities.
- Financial Costs - Costs related to financial activities, such as interest on loans and losses from trading securities.
- Gross Profit - Profit before taxation, taking into account the company's operating and financial activities.
- Other Operating Income - Income related to operating activities that do not directly result from sales, such as the sale of assets.
- Other Operating Costs - Costs related to operating activities that are not directly tied to the core business, such as losses from the sale of assets.
- Interest Income - Income earned from interest on bank deposits, bonds, or other financial instruments.
- Interest Costs - Costs incurred from interest on loans, borrowings, or bonds.
- Earnings Per Share (EPS) -
- - Profit attributable to one common share, calculated as net profit divided by the number of shares.
- Profit Before Tax - Profit earned after accounting for all operating and financial costs, but before tax deduction.
- Gain on Sale of Assets - Profit earned from the sale of fixed assets or other components of the company's property.
- External Services Costs - Costs related to services provided by external entities, such as transportation, repair, or consulting services.
- Compensation and Penalty Costs - Costs incurred for the payment of compensation, contractual penalties, or other liabilities arising from court or administrative decisions.
- Grants and Subsidies - Income earned from grants, subsidies, or other forms of financial support received from the government or other institutions.
- Research and Development (R&D) Costs - Costs incurred for research and development activities aimed at innovation and improving products or services.
- Bank Fees and Commissions - Costs incurred for bank services, including account management, financial transaction processing, and other banking services.
- License Income - Income earned from granting licenses for the use of intellectual property rights, such as patents or trademarks.
- Promotion and Advertising Costs - Costs related to marketing activities, promotion, and advertising of products or services.
