Financial statements of CHANCEN eG

The annual accounts are audited by the Genossenschaftsverband – Verband der Regionen (Association of  Cooperatives) on basis of the requirements for medium-sized limited companies. Afterwards, the financial statements must be adopted by the Supervisory Board as well as of the General Assembly.

Financial calendar 2020

  • 2th January: Interest payment for subordinated loans*
  • January until 31th March: Direct sale of the Education Bond (ISIN: DE000A2TSCT2)
  • End of April until July: Sale of the 3th tranch of the Education Bond by GLS Bank
  • 30th June: Preparation of the Annual Financial Statements 2019
  • 7th July: The Education bond about € 13.0 million is completely sold
  • 19th August: Interest payment for the EducationBond
  • 30th August: AGM as an online meeting (postponed due to Corus-19-virus from 28th June)
* A few contracts of the initial phase of CHANCEN eG have another payment day.

 

Important to know

Further important information:

  • CHANCEN eG is registered in the Cooperative register Bochum, Germany (no. 262).
  • Local tax office is Witten, Germany (no. 348 / 5808 / 0289).
  • CHANCEN eG is a member of Genossenschaftsverband der Regionen e.V. (association of cooperatives), Düsseldorf, Germany.
  • The annual financial statements of CHANCEN eG are audited regularly by the auditing association of cooperatives.
  • The fiscal year corresponds to the calendar year.
  • A share is € 100. Additionally, there is not any other liability.

Key performance indicators

KPI / year 2019201820172016
Number of students61434619880
Student loans (k€)
9,1745,5422,860
820
Number of repaying persons ('repayer')53130
0
Repayments (k€)32600
Earnings from repayment (k€)
000
0
Equity (incl. subordinated loans, k€)
6,8543,6573,067
1,798
Equity ratio
43%51%76%
89%
Financial liabilities (k€)
13,9483,300973
208
Balance sheet total (k€)
15,8377,1764,057
2,021
Interest costs (k€)27610642
4
Revenue (k€)
627229187
54
Operating costs (k€)
1,375574384
100
Result of normal business (k€)-192-492-212-117
Number of members
714435267
140

Contact

Dr. Annette Littmann

Investor Relations