financial report

 

Martin Vlčko, Member of the Board and Finance Director

 

For SOFTIP, 2014 was its best year in the company‘s
history in terms of earnings. SOFTIP generated positive
earnings in 2014 representing a pre-tax profit
of €1,857 thousand.

 

 

 

 

A major increase was seen in revenues compared
to previous years. Revenues totalled €13,328 thousand.
The excellent results from the previous year are the result
of a number of factors..

2014 fully demonstrated the optimisation measures started by management in 2012 with the goal of streamlining internal processes and making more efficient use of capacities while exiting segments that were under-performing or not profitable. We completed new and attractive solutions for customers whereby a major role was played by expanding functionality and customising standard solutions. We saw revitalisation in the SME segment. The rewards reaped from development activities previously started and conducted in compliance with the company‘s strategy, the development of the company‘s key competencies, new solutions and innovations all played a major role in this success. SOFTIP clearly confirmed its competencies as a complete supplier and partner for small and large customers alike.

    

The company is financially stable, thereby creating the foundation needed for the fulfilment of its development strategy and sustainable development. The company utilised sources of credit financing in an appropriate and healthy level during the year.

Nearly all financial indicators recorded significant positive growth compared to previous years. Major positives include a rebound in revenues overall and more than 30% growth compared to the previous year, thereby allowing SOFTIP to confirm its position as the largest Slovak producer of ERP systems in Slovakia. The total produced added value reached a tremendous number, so please allow me to put SOFTIP in among the most important companies with a positive impact on all of Slovakia‘s regions in terms of its positive impact on the economy, the business environment and employment in Slovakia.

      

The independent auditor‘s report declares that the financial statements as at 31 December 2014 provide a fair and true depiction of the company‘s financial situation.

The company does not record any overdue liabilities as of 31 December 2014 and its consistent ability to make all payments was once again confirmed by the company‘s confirmation of registration on the list of qualified companies published by the Public Procurement Office.

Balance Sheet

Income statement

independent auditor's report

 

SOFTIP, a. s. - Výročná správa 2014