Helios Faros d.d. Logo

Helios Faros d.d.

ISIN: HRHEFARA0003 | Ticker: HEFA | LEI: 747800D0K38EVHMJ4H31
Country: Croatia

About Helios Faros d.d.

Company Description

The main activity of Helios Faros d.d. is is the provision of accommodation services, ie hospitality and tourism and other related activities that are in the function of performing the main activity.

The company was formed by separating OOUR Hoteli Helios Stari Grad from the hotel work organization Sunčani Hvar in 1989. Helios Faros d.d. was founded in 2005 by the division of the company Hoteli Helios d.d.

PBZ Croatia Osiguranje d.d. and Valamar Riviera d.d. have recognized the development potential of Helios Faros d.d. and through the partnership have created the foundations for the start of a new investment cycle worth over 110 million euros. This marked the beginning of a new phase in tourism development in Stari Grad, Hvar.

Year founded


Served area



Naselje Helios 5, 21460 Stari Grad – Croatia

Financial statements

Download as Excel
Line item in (hrk) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 240,913,000.00 239,324,000.00
Noncurrent Assets N/A 157,710,000.00 201,897,000.00
Property Plant And Equipment N/A 156,624,000.00 200,652,000.00
Intangible Assets Other Than Goodwill N/A 1,086,000.00 1,216,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 0.00 0.00
Noncurrent Receivables N/A 0.00 29,000.00
Current Assets N/A 83,203,000.00 37,427,000.00
Inventories N/A 1,447,000.00 540,000.00
Trade And Other Current Receivables N/A 2,242,000.00 5,374,000.00
Cash and cash equivalents 37,990,000.00 2,770,000.00 31,513,000.00
Equity And Liabilities N/A 240,913,000.00 239,324,000.00
Equity 230,889,000.00 222,559,000.00 225,068,000.00
Issued Capital N/A 159,214,000.00 235,958,000.00
Retained Earnings N/A -13,400,000.00 -10,891,000.00
Other Reserves N/A 1,000.00 1,000.00
Deferred Tax Liabilities N/A 930,000.00 930,000.00
Other Noncurrent Nonfinancial Liabilities N/A 930,000.00 1,019,000.00
Current Liabilities N/A 17,424,000.00 13,237,000.00
Current Provisions N/A 113,000.00 0.00
Trade And Other Current Payables N/A 17,311,000.00 13,017,000.00
Current Tax Liabilities Current N/A 0.00 220,000.00
Line item in (hrk) 01.01.2020/
Revenue 6,558,000.00 31,147,000.00
Other Income 3,156,000.00 14,937,000.00
Raw Materials And Consumables Used 5,368,000.00 16,974,000.00
Employee Benefits Expense 7,649,000.00 15,094,000.00
Depreciation And Amortisation Expense 3,503,000.00 5,825,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 313,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 0.00 313,000.00
Other Expense By Nature 1,532,000.00 5,133,000.00
Profit Loss From Operating Activities -8,338,000.00 2,745,000.00
Profit Loss Before Tax -8,330,000.00 2,729,000.00
Income Tax Expense Continuing Operations 0.00 220,000.00
Profit (loss) -8,330,000.00 2,509,000.00
Line item in (hrk) 01.01.2020 01.01.2021 01.01.2022
Profit (loss) N/A -8,330,000.00 2,509,000.00
Adjustments For Decrease Increase In Inventories N/A -1,092,000.00 907,000.00
Adjustments For Depreciation And Amortisation Expense N/A 3,503,000.00 5,825,000.00
Adjustments For Provisions N/A 0.00 -113,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A 0.00 -14,000.00
Other Adjustments For Noncash Items N/A 0.00 -12,115,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A 0.00 3,647,000.00
Other Adjustments To Reconcile Profit Loss N/A 113,000.00 0.00
Cash Flows From Used In Operations N/A -8,470,000.00 -3,655,000.00
Interest Paid Classified As Operating Activities N/A 0.00 5,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 300,000.00 0.00
Cash Flows From Used In Operating Activities N/A -8,770,000.00 -3,660,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 19,481,000.00 0.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 34,769,000.00 44,341,000.00
Cash Flows From Used In Investing Activities N/A -54,250,000.00 -44,341,000.00
Proceeds From Issuing Shares N/A 27,800,000.00 76,744,000.00
Cash Flows From Used In Financing Activities N/A 27,800,000.00 76,744,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -35,220,000.00 28,743,000.00
Cash and cash equivalents 37,990,000.00 2,770,000.00 31,513,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Sign up and we will give you access!

Capital markets information






Consumer Discretionary

Industry Group

Consumer Services


Hotels, Restaurants & Leisure


Hotels, Resorts & Cruise Lines

Listed Stock Exchange

Zagreb Stock Exchange

Contact Investor Relations department

Stay up to date

Keep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.