6-K Filing

FUSION FUEL GREEN PLC CIK: 1819794 Q2 2023

Filing Information

Form Type	6-K
Accession Number	`0001171843-24-000258`
Period End Date	20230630
Filing Date	20240116
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f6k_011224_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 36 Cash Flow Statement 68 Stockholders Equity 23

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment	`PropertyPlantAndEquipment`	21.27M	EUR	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	28.75M	EUR	Point-in-time
Intangible assets	`IntangibleAssetsAndGoodwill`	5.35M	EUR	Point-in-time
Intangible assets	`IntangibleAssetsAndGoodwill`	5.18M	EUR	Point-in-time
Other assets	`OtherAssetNoncurrent`	1.18M	EUR	Point-in-time
Other assets	`OtherAssetNoncurrent`	-	EUR	Point-in-time
Total non-current assets	`NoncurrentAssets`	35.12M	EUR	Point-in-time
Total non-current assets	`NoncurrentAssets`	26.62M	EUR	Point-in-time
Inventory	`InventoriesTotal`	19.02M	EUR	Point-in-time
Inventory	`InventoriesTotal`	22.34M	EUR	Point-in-time
Inventory	`InventoriesTotal`	22.34M	EUR	Point-in-time
Prepayments and other receivables	`OtherCurrentReceivables`	4.47M	EUR	Point-in-time
Prepayments and other receivables	`OtherCurrentReceivables`	8.24M	EUR	Point-in-time
Cash and cash equivalents	`Cash`	8.16M	EUR	Point-in-time
Cash and cash equivalents	`Cash`	3.08M	EUR	Point-in-time
Total current assets	`CurrentAssets`	38.74M	EUR	Point-in-time
Total current assets	`CurrentAssets`	26.57M	EUR	Point-in-time
Total assets	`Assets`	65.36M	EUR	Point-in-time
Total assets	`Assets`	61.69M	EUR	Point-in-time
Trade and other payables - Leases	`NoncurrentPayables`	7.65M	EUR	Point-in-time
Trade and other payables - Leases	`NoncurrentPayables`	10.04M	EUR	Point-in-time
Deferred income	`NonCurrentDeferredTaxLiabilities`	2.92M	EUR	Point-in-time
Deferred income	`NonCurrentDeferredTaxLiabilities`	5.64M	EUR	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	15.68M	EUR	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	10.58M	EUR	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	12.92M	EUR	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	7.26M	EUR	Point-in-time
Provisions	`Provisions`	8.40M	EUR	Point-in-time
Provisions	`Provisions`	8.40M	EUR	Point-in-time
Deferred income	`CurrentDeferredTaxIncome`	1.38M	EUR	Point-in-time
Deferred income	`CurrentDeferredTaxIncome`	186,000.00	EUR	Point-in-time
Cost accruals	`CurrentAccruedExpensesAndOtherCurrentLiabilities`	1.93M	EUR	Point-in-time
Cost accruals	`CurrentAccruedExpensesAndOtherCurrentLiabilities`	2.45M	EUR	Point-in-time
Derivative financial instruments warrants	`CurrentDerivativeFinancialLiabilities`	2.37M	EUR	Point-in-time
Derivative financial instruments warrants	`CurrentDerivativeFinancialLiabilities`	7.65M	EUR	Point-in-time
Loans and borrowings	`Borrowings`	414,000.00	EUR	Point-in-time
Loans and borrowings	`Borrowings`	-	EUR	Point-in-time
Total current liabilities	`CurrentLiabilities`	27.93M	EUR	Point-in-time
Total current liabilities	`CurrentLiabilities`	25.44M	EUR	Point-in-time
Total liabilities	`Liabilities`	36.01M	EUR	Point-in-time
Total liabilities	`Liabilities`	43.61M	EUR	Point-in-time
Net assets	`OtherNoncurrentFinancialAssets`	29.35M	EUR	Point-in-time
Net assets	`OtherNoncurrentFinancialAssets`	18.08M	EUR	Point-in-time
Share capital	`IssuedCapital`	2,000.00	EUR	Point-in-time
Share capital	`IssuedCapital`	2,000.00	EUR	Point-in-time
Share premium	`SharePremium`	217.16M	EUR	Point-in-time
Share premium	`SharePremium`	219.56M	EUR	Point-in-time
Share-based payments reserve	`ReserveOfSharebasedPayments`	4.14M	EUR	Point-in-time
Share-based payments reserve	`ReserveOfSharebasedPayments`	3.97M	EUR	Point-in-time
Retained earnings	`RetainedEarnings`	-205.62M	EUR	Point-in-time
Retained earnings	`RetainedEarnings`	-191.78M	EUR	Point-in-time
Total equity	`Equity`	18.08M	EUR	Point-in-time
Total equity	`Equity`	49.51M	EUR	Point-in-time
Total equity	`Equity`	29.35M	EUR	Point-in-time
Total equity	`Equity`	7.36M	EUR	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	-	EUR	2 Qtrs
Revenue	`Revenue`	-	EUR	2 Qtrs
Cost of sales impairment on inventory	`CostOfSales`	7.57M	EUR	2 Qtrs
Cost of sales impairment on inventory	`CostOfSales`	660,000.00	EUR	2 Qtrs
Gross profit	`GrossProfit`	-660,000.00	EUR	2 Qtrs
Gross profit	`GrossProfit`	-7.57M	EUR	2 Qtrs
Administration expenses	`AdministrationExpenses`	6.98M	EUR	2 Qtrs
Administration expenses	`AdministrationExpenses`	10.81M	EUR	2 Qtrs
Share-based payment expense	`SharebasedPaymentExpense`	-1.75M	EUR	2 Qtrs
Share-based payment expense	`SharebasedPaymentExpense`	-167,000.00	EUR	2 Qtrs
Operating loss	`ProfitLossFromOperatingActivities`	-18.55M	EUR	2 Qtrs
Operating loss	`ProfitLossFromOperatingActivities`	-9.39M	EUR	2 Qtrs
Finance income	`FinanceIncome`	1.24M	EUR	2 Qtrs
Finance income	`FinanceIncome`	37,000.00	EUR	2 Qtrs
Finance costs	`FinanceCosts`	-	EUR	2 Qtrs
Finance costs	`FinanceCosts`	898,000.00	EUR	2 Qtrs
Interest receivable and similar income	`InterestIncomeOnLoansAndReceivables`	29,000.00	EUR	2 Qtrs
Interest receivable and similar income	`InterestIncomeOnLoansAndReceivables`	9,000.00	EUR	2 Qtrs
Interest payable and similar expense	`InterestExpense`	277,000.00	EUR	2 Qtrs
Interest payable and similar expense	`InterestExpense`	16,000.00	EUR	2 Qtrs
Derivative financial instruments at FVTPL	`DerivativeFinancialInstrumentsAtFvtpl`	-5.28M	EUR	2 Qtrs
Derivative financial instruments at FVTPL	`DerivativeFinancialInstrumentsAtFvtpl`	-1.69M	EUR	2 Qtrs
Net finance income/(costs)	`AdjustmentsForFinanceIncomeCost`	2.02M	EUR	2 Qtrs
Net finance income/(costs)	`AdjustmentsForFinanceIncomeCost`	5.07M	EUR	2 Qtrs
Share of losses of equity-accounted investees	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	-205,000.00	EUR	2 Qtrs
Share of losses of equity-accounted investees	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	-282,000.00	EUR	2 Qtrs
Loss before tax	`ProfitLossBeforeTax`	-7.65M	EUR	2 Qtrs
Loss before tax	`ProfitLossBeforeTax`	-13.69M	EUR	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	34,000.00	EUR	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	159,000.00	EUR	2 Qtrs
Total comprehensive loss for the year	`ComprehensiveIncome`	-13.85M	EUR	2 Qtrs
Total comprehensive loss for the year	`ComprehensiveIncome`	-7.69M	EUR	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShare`	-0.59	EUR	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShare`	-0.96	EUR	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShare`	-0.59	EUR	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShare`	-0.96	EUR	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetLossForPeriod`	13.85M	EUR	2 Qtrs
Net loss for the period	`NetLossForPeriod`	7.69M	EUR	2 Qtrs
Equity settled share-based payment transactions	`EquitySettledShareBasedPayment`	167,000.00	EUR	2 Qtrs
Equity settled share-based payment transactions	`EquitySettledShareBasedPayment`	1.75M	EUR	2 Qtrs
Fair value movement in warrants	`FairValueMovementInWarrants`	5.28M	EUR	2 Qtrs
Fair value movement in warrants	`FairValueMovementInWarrants`	1.69M	EUR	2 Qtrs
Depreciation and amortization	`DepreciationsAndAmortization`	1.19M	EUR	2 Qtrs
Depreciation and amortization	`DepreciationsAndAmortization`	276,000.00	EUR	2 Qtrs
Net finance income	`OtherAdjustmentsForNoncashItems`	-66,000.00	EUR	2 Qtrs
Net finance income	`OtherAdjustmentsForNoncashItems`	-360,000.00	EUR	2 Qtrs
Share of losses of equity-accounted investee	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	-205,000.00	EUR	2 Qtrs
Share of losses of equity-accounted investee	`ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod`	-282,000.00	EUR	2 Qtrs
Impairment losses on property, plant and equipment	`ImpairmentLossesOnPropertyPlantAndEquipment`	205,000.00	EUR	2 Qtrs
Impairment losses on property, plant and equipment	`ImpairmentLossesOnPropertyPlantAndEquipment`	-	EUR	2 Qtrs
Impairment on inventory	`ImpairmentChargeInventory`	-	EUR	2 Qtrs
Impairment on inventory	`ImpairmentChargeInventory`	7.46M	EUR	2 Qtrs
Total adjusted	`AdjustmentsForReconcileProfitLoss`	-7.43M	EUR	2 Qtrs
Total adjusted	`AdjustmentsForReconcileProfitLoss`	-9.96M	EUR	2 Qtrs
Decrease /(increase) in receivables	`AdjustmentsForDecreaseIncreaseInOperatingReceivables`	2.70M	EUR	2 Qtrs
Decrease /(increase) in receivables	`AdjustmentsForDecreaseIncreaseInOperatingReceivables`	-1.88M	EUR	2 Qtrs
Increase in inventories	`AdjustmentsForDecreaseIncreaseInInventories`	-4.14M	EUR	2 Qtrs
Increase in inventories	`AdjustmentsForDecreaseIncreaseInInventories`	-5.14M	EUR	2 Qtrs
Increase/(decrease) in payables and accruals	`AdjustmentsForIncreaseDecreaseInTradeAccountPayable`	-2.15M	EUR	2 Qtrs
Increase/(decrease) in payables and accruals	`AdjustmentsForIncreaseDecreaseInTradeAccountPayable`	6.96M	EUR	2 Qtrs
Interest and similar expenses - paid	`InterestPaidClassifiedAsOperatingActivities`	-	EUR	2 Qtrs
Interest and similar expenses - paid	`InterestPaidClassifiedAsOperatingActivities`	277,000.00	EUR	2 Qtrs
Net cash used by operating activities	`CashFlowsFromUsedInOperatingActivities`	-4.72M	EUR	2 Qtrs
Net cash used by operating activities	`CashFlowsFromUsedInOperatingActivities`	-16.61M	EUR	2 Qtrs
Payment of Intellectual property (business combination)	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	-	EUR	2 Qtrs
Payment of Intellectual property (business combination)	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	250,000.00	EUR	2 Qtrs
Purchase of tangible assets	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	5.51M	EUR	2 Qtrs
Purchase of tangible assets	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	6.47M	EUR	2 Qtrs
Development expenditure	`PaymentsForDevelopmentProjectExpenditure`	1.42M	EUR	2 Qtrs
Development expenditure	`PaymentsForDevelopmentProjectExpenditure`	341,000.00	EUR	2 Qtrs
Receipt of government grants	`ProceedsFromGovernmentGrantsClassifiedAsInvestingActivities`	-	EUR	2 Qtrs
Receipt of government grants	`ProceedsFromGovernmentGrantsClassifiedAsInvestingActivities`	816,000.00	EUR	2 Qtrs
Proceeds from realisation of financial assets	`ProceedsFromRealisationOfFinancialAssets`	-	EUR	2 Qtrs
Proceeds from realisation of financial assets	`ProceedsFromRealisationOfFinancialAssets`	19.01M	EUR	2 Qtrs
Investment in equity-accounted investees	`InvestmentInEquityaccountedInvestees`	135,000.00	EUR	2 Qtrs
Investment in equity-accounted investees	`InvestmentInEquityaccountedInvestees`	370,000.00	EUR	2 Qtrs
Net cash (used) /from investing activities	`CashFlowsFromUsedInInvestingActivities`	-5.17M	EUR	2 Qtrs
Net cash (used) /from investing activities	`CashFlowsFromUsedInInvestingActivities`	10.50M	EUR	2 Qtrs
Proceeds from issuance of shares	`ProceedsFromIssuingShares`	-	EUR	2 Qtrs
Proceeds from issuance of shares	`ProceedsFromIssuingShares`	2.40M	EUR	2 Qtrs
Proceeds from loans and borrowings	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	414,000.00	EUR	2 Qtrs
Proceeds from loans and borrowings	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	EUR	2 Qtrs
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	630,000.00	EUR	2 Qtrs
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	101,000.00	EUR	2 Qtrs
Net cash provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	-101,000.00	EUR	2 Qtrs
Net cash provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	2.19M	EUR	2 Qtrs
Net (decrease) in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	-6.21M	EUR	2 Qtrs
Net (decrease) in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalents`	-7.70M	EUR	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalents`	7.68M	EUR	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalents`	2.00M	EUR	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalents`	5.24M	EUR	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalents`	450,000.00	EUR	Point-in-time
Transfer from restricted cash	`TransferFromRestrictedCash`	-	EUR	2 Qtrs
Transfer from restricted cash	`TransferFromRestrictedCash`	2.92M	EUR	2 Qtrs
Effects of movements in exchange rates on cash held	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	-17,000.00	EUR	2 Qtrs
Effects of movements in exchange rates on cash held	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	525,000.00	EUR	2 Qtrs
Cash and cash equivalents at end of period	`CashAndCashEquivalents`	7.68M	EUR	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalents`	2.00M	EUR	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalents`	5.24M	EUR	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalents`	450,000.00	EUR	Point-in-time
Add restricted cash	`AddRestrictedCash`	2.63M	EUR	2 Qtrs
Add restricted cash	`AddRestrictedCash`	-	EUR	2 Qtrs
Cash and cash equivalents at end of period including restricted cash	`CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents`	3.08M	EUR	2 Qtrs
Cash and cash equivalents at end of period including restricted cash	`CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents`	2.00M	EUR	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`Equity`	18.08M	EUR	Point-in-time
Beginning balance, value	`Equity`	49.51M	EUR	Point-in-time
Beginning balance, value	`Equity`	29.35M	EUR	Point-in-time
Beginning balance, value	`Equity`	7.36M	EUR	Point-in-time
Loss during the period	`ProfitLoss`	27.35M	EUR	Annual
Loss during the period	`ProfitLoss`	-23.56M	EUR	Annual
Loss during the period	`ProfitLoss`	13.85M	EUR	2 Qtrs
Vesting of shares	`VestingOfShares`	-	EUR	Annual
Exercise of warrants	`ExerciseOfWarrantsValue`	10.05M	EUR	Annual
Total comprehensive income for the period	`TotalComprehensiveIncomeForYear`	23.56M	EUR	Annual
Total comprehensive income for the period	`TotalComprehensiveIncomeForYear`	-13.85M	EUR	2 Qtrs
Total comprehensive income for the period	`TotalComprehensiveIncomeForYear`	-27.35M	EUR	Annual
Derecognition of warrant liability on exercise	`DerecognitionOfWarrantLiabilityOnExerciseValue`	9.37M	EUR	Annual
Equity-settled share-based compensation	`EquitysettledShareBasedCompensationValue`	1.21M	EUR	2 Qtrs
Equity-settled share-based compensation	`EquitysettledShareBasedCompensationValue`	-841,000.00	EUR	Annual
Equity-settled share-based compensation	`EquitysettledShareBasedCompensationValue`	3.51M	EUR	Annual
ATM share sales	`AtmShareSales`	3.68M	EUR	Annual
ATM share sales	`AtmShareSales`	2.40M	EUR	2 Qtrs
Share based payments - reversal	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	-1.04M	EUR	2 Qtrs
Ending balance, value	`Equity`	18.08M	EUR	Point-in-time
Ending balance, value	`Equity`	49.51M	EUR	Point-in-time
Ending balance, value	`Equity`	29.35M	EUR	Point-in-time
Ending balance, value	`Equity`	7.36M	EUR	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.