Year 2016 was not the best in Tibia community, CipSoft still had its own banning system for cheaters. Lags and DDoS on servers were also a problem at that time.

Yet for the company it was a pretty good year. Even tho the number of players was slowing downgrading ever since 2007 and with all the problems mentioned above CipSoft has managed to do 16% net grown income against 2015. We do believe that services like "new outfits" or a newly added in that year "potions to the store" was responsible for this.

CipSoft at the end of the year had 89 employees. Around 45 of them were working in development department, 34 in operation and five in administration. Due that the expenses rose by 3.3% to 4.8 milion Euro, while operating expenses fell by almost 10% to 2.4 milions.

The continued depreciation of the euro against the US dollar of 3, 7% in 2016 leads to an increase in expenses for service providers who settle in US dollars. On the other hand, the recovery of the currency in the most important sales market, Brazil, was expected to boost sales by 24.3% against the euro. "The risk of payment withdraw is very low as customers usually have to pay in advance" - they wrote in their tax paper.

Below we have tables explaining income/outcome as well as few other interesting fields.

31.12.2016 31.12.2015 A. Fixed assets 461,078.71 573,767.49 I. Intangible assets 5,006.12 0.00 1. other intangible assets[/tdth 5,006.12 0.00 II. Property, plant and equipment 456,072.59 573,767.49 1. other equipment, operating and office equipment 455,484.35 573,389.34 2. Advance payments and assets under construction 588.24 378.15 B. current assets 7,050,749.35 5,266,889.36 I. Receivables and other assets 1,169,494.44 1,112,906.96 1. other assets 1,169,494.44 1,112,906.96 thereof with a remaining term of more than one year 300,520.19 308,826.21 II. Cash on hand, Bundesbank balances, bank balances and checks 5,881,254.91 4,153,982.40 C. Prepaid expenses 155,167.04 73509.84 Total assets, total assets 7,666,995.10 5,914,166.69

31.12.2016 31.12.2015 A. Equity 5,152,692.29 3,778,053.14 I. Drawn capital 26,000.00 26,000.00 II. Capital reserve 22837.82 22837.82 III. Retained earnings 3,329,215.32 2,207,188.34 IV. Net income 1,774,639.15 1,522,026.98 B. Provisions 772,972.25 521,267.23 C. Liabilities 255,812.03 145,312.50 1. Liabilities to banks 8,044.90 2,074.04 thereof with a remaining term of up to one year 8,044.90 2,074.04 2. other liabilities 247,767.13 143,238.46 thereof with a remaining term of up to one year 247,767.13 143,238.46 D. Prepaid expenses 1,485,518.53 1,469,533.82 Balance sheet total, total liabilities 7,666,995.10 5,914,166.69

1.1.2016 - 31.12.2016 1.1.2015 - 31.12.2015 1. Raw result 8,176,980.28 7,698,475.51 2. Personnel expenses 4,800,054.63 4,647,500.19 a) Wages and salaries 4,004,215.77 3,894,362.61 b) social security contributions and expenses for pensions and support 795,838.86 753,137.58 3. Depreciation 155,242.77 155,114.56 a) Depreciation on intangible fixed assets and property, plant and equipment 155,242.77 155,114.56 4. other operating expenses 665,933.73 723,161.19 5. other interest and similar income 4,139.97 18148.62 6. Taxes on income 785,251.59 669,167.23 7. Result after taxes 1,774,637.53 1,521,680.96 8. other taxes -1.62 -346.02 9th annual surplus 1,774,639.15 1,522,026.98

As you can see from the table, CipSoft has spend 5 milion Euro for Employees. When we will divide it over 89 Employees and 12 month we will get that avrage montly salery in CipSoft is 4,5k. Of course not everyone gets so high salary. The possibility is that salary of management is so high that it change the avg. of Employees.

In 2016 CipSoft has paid around 529 thousand Euro for bonuses, 84 for vacations not taken and 14 thousand for statutory accident insurance.

Other unrecognized financial obligations essentially consist of the concluded rental agreement. They amount to € 250 thousand in the coming year, € 1,000 thousand in the years 2018 to 2021, and € 250 thousand in later years.

Source: https://www.bundesanzeiger.de