Marvipol Development S.A.
ISIN
PLMRVDV00011
Ticker
MVP
Sector
Sub-Industry
Country
Poland
Year Founded
1996
ISIN
PLMRVDV00011
Ticker
MVP
Sector
Sub-Industry
Country
Poland
Year Founded
1996
Marvipol Development, a leading Polish real estate developer, has been crafting unique and modern spaces for over 25 years, meeting the evolving needs of its clients. Our investments stand out for their timeless architecture, comprehensive land development, and high-quality execution. Our mission is to deliver maximum value from property ownership, both rational and emotional, to each Marvipol client.
We strive to exceed customer expectations at every stage, from first contact to long-term experience with our brand. With more than 25 years of experience, we have successfully completed 39 housing projects, offering apartments in popular, investment, and premium segments. Currently, Marvipol Development aims to increase its market share and grow its property bank. We are a member of the Polish Association of Developer Companies, and our shares have been listed on the main market of the Warsaw Stock Exchange since December 19, 2017.
| Line item in (pln) | 02.01.2019 | 01.01.2020 | 02.01.2020 | 01.01.2021 | 02.01.2021 | 01.01.2022 | 02.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | 1,274,909,000.00 | N/A | 1,313,891,000.00 | N/A | 1,549,791,000.00 | N/A | 1,377,356,000.00 |
| Noncurrent Assets | N/A | 262,443,000.00 | N/A | 215,903,000.00 | N/A | 264,420,000.00 | N/A | 399,755,000.00 |
| Property Plant And Equipment | N/A | 31,933,000.00 | N/A | 30,624,000.00 | N/A | 50,690,000.00 | N/A | 63,181,000.00 |
| Investment Property | N/A | 51,060,000.00 | N/A | 14,296,000.00 | N/A | 72,755,000.00 | N/A | 0.00 |
| Intangible Assets Other Than Goodwill | N/A | N/A | N/A | N/A | N/A | 89,000.00 | N/A | 248,000.00 |
| Investment Accounted For Using Equity Method | N/A | 0.00 | N/A | 17,409,000.00 | N/A | 21,497,000.00 | N/A | 32,620,000.00 |
| Deferred Tax Assets | N/A | 14,798,000.00 | N/A | 18,481,000.00 | N/A | 21,121,000.00 | N/A | 22,799,000.00 |
| Noncurrent Loans And Receivables | N/A | 145,618,000.00 | N/A | 119,536,000.00 | N/A | 81,087,000.00 | N/A | 214,557,000.00 |
| Current Assets | N/A | 949,092,000.00 | N/A | 1,097,988,000.00 | N/A | 1,275,894,000.00 | N/A | 977,601,000.00 |
| Inventories | N/A | 724,242,000.00 | N/A | 853,775,000.00 | N/A | 1,008,332,000.00 | N/A | 768,204,000.00 |
| Trade And Other Current Receivables | N/A | 46,118,000.00 | N/A | 53,099,000.00 | N/A | 48,357,000.00 | N/A | 37,415,000.00 |
| Current Tax Assets Current | N/A | 2,776,000.00 | N/A | 369,000.00 | N/A | 1,024,000.00 | N/A | 3,691,000.00 |
| Cash and cash equivalents | 153,360,000.00 | 175,956,000.00 | 175,956,000.00 | 190,745,000.00 | 190,745,000.00 | 218,181,000.00 | 218,181,000.00 | 168,291,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | N/A | 63,374,000.00 | N/A | 0.00 | N/A | 9,477,000.00 | N/A | N/A |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | N/A | N/A | N/A | N/A | N/A | 9,477,000.00 | N/A | 0.00 |
| Current Restricted Cash And Cash Equivalents | N/A | 48,737,000.00 | N/A | 48,236,000.00 | N/A | 35,207,000.00 | N/A | 35,677,000.00 |
| Equity And Liabilities | N/A | 1,274,909,000.00 | N/A | 1,313,891,000.00 | N/A | 1,549,791,000.00 | N/A | 1,377,356,000.00 |
| Equity | N/A | 483,225,000.00 | N/A | 556,589,000.00 | 556,589,000.00 | 612,692,000.00 | 612,692,000.00 | 655,111,000.00 |
| Issued Capital | N/A | 41,653,000.00 | N/A | 41,653,000.00 | N/A | 41,653,000.00 | N/A | 41,653,000.00 |
| Retained Earnings | N/A | 69,887,000.00 | N/A | 80,445,000.00 | N/A | 95,673,000.00 | N/A | 89,903,000.00 |
| Liabilities | N/A | 791,684,000.00 | N/A | 757,302,000.00 | N/A | 937,099,000.00 | N/A | 722,245,000.00 |
| Noncurrent Liabilities | N/A | 326,325,000.00 | N/A | 259,296,000.00 | N/A | 296,070,000.00 | N/A | 411,582,000.00 |
| Other Longterm Provisions | N/A | 0.00 | N/A | 0.00 | N/A | 0.00 | N/A | 10,136,000.00 |
| Noncurrent Retention Payables | N/A | N/A | N/A | N/A | N/A | 6,002,000.00 | N/A | 5,090,000.00 |
| Deferred Tax Liabilities | N/A | 25,438,000.00 | N/A | 19,339,000.00 | N/A | 17,936,000.00 | N/A | 12,529,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 6,704,000.00 | N/A | 6,787,000.00 | N/A | 6,002,000.00 | N/A | N/A |
| Noncurrent Portion Of Noncurrent Loans Received | N/A | 148,857,000.00 | N/A | 44,725,000.00 | N/A | 34,788,000.00 | N/A | 70,605,000.00 |
| Noncurrent Portion Of Noncurrent Bonds Issued | N/A | 127,920,000.00 | N/A | 172,497,000.00 | N/A | 220,066,000.00 | N/A | 236,329,000.00 |
| Current Liabilities | N/A | 465,359,000.00 | N/A | 498,006,000.00 | N/A | 641,029,000.00 | N/A | 310,663,000.00 |
| Other Shortterm Provisions | N/A | 14,553,000.00 | N/A | 1,650,000.00 | N/A | 3,448,000.00 | N/A | 2,500,000.00 |
| Trade And Other Current Payables | N/A | 51,485,000.00 | N/A | 53,334,000.00 | N/A | 58,336,000.00 | N/A | 45,982,000.00 |
| Current Deferred Income Including Current Contract Liabilities | N/A | N/A | N/A | N/A | N/A | 477,295,000.00 | N/A | 230,588,000.00 |
| Current Tax Liabilities Current | N/A | 1,136,000.00 | N/A | 4,793,000.00 | N/A | 6,709,000.00 | N/A | 110,000.00 |
| Current Derivative Financial Liabilities | N/A | N/A | N/A | 0.00 | N/A | 135,000.00 | N/A | 0.00 |
| Current Loans Received And Current Portion Of Noncurrent Loans Received | N/A | 27,975,000.00 | N/A | 63,260,000.00 | N/A | 20,954,000.00 | N/A | 12,000.00 |
| Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued | N/A | 83,695,000.00 | N/A | 49,385,000.00 | N/A | 52,330,000.00 | N/A | 19,035,000.00 |
| Line item in (pln) | 01.01.2019/ 01.01.2020 |
01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|---|
| Revenue | 290,784,000.00 | 431,385,000.00 | 393,735,000.00 | 588,585,000.00 |
| Other Income | 10,318,000.00 | 9,109,000.00 | 14,808,000.00 | 18,393,000.00 |
| Profit Loss From Operating Activities | 90,524,000.00 | 89,572,000.00 | 116,477,000.00 | 121,624,000.00 |
| Finance Income | 5,634,000.00 | 15,388,000.00 | 4,113,000.00 | 9,888,000.00 |
| Finance Costs | 6,506,000.00 | 5,197,000.00 | 6,818,000.00 | 20,521,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 64,058,000.00 | 29,821,000.00 | 38,879,000.00 | 22,470,000.00 |
| Profit Loss Before Tax | 89,652,000.00 | 99,763,000.00 | 113,772,000.00 | 110,991,000.00 |
| Income Tax Expense Continuing Operations | 19,765,000.00 | 19,318,000.00 | 18,099,000.00 | 21,088,000.00 |
| Profit (loss) | 69,887,000.00 | 80,445,000.00 | 95,673,000.00 | 89,903,000.00 |
| Line item in (pln) | 01.01.2020 | 02.01.2019 | 01.01.2021 | 02.01.2020 | 01.01.2022 | 02.01.2021 | 01.01.2023 | 02.01.2022 |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) | 69,887,000.00 | N/A | 80,445,000.00 | N/A | 95,673,000.00 | N/A | 89,903,000.00 | N/A |
| Adjustments For Decrease Increase In Inventories | -161,367,000.00 | N/A | -113,676,000.00 | N/A | -156,940,000.00 | N/A | 211,467,000.00 | N/A |
| Adjustments For Depreciation And Amortisation Expense | 3,146,000.00 | N/A | 3,221,000.00 | N/A | 3,013,000.00 | N/A | 7,534,000.00 | N/A |
| Adjustments For Provisions | -1,059,000.00 | N/A | 900,000.00 | N/A | 850,000.00 | N/A | 10,136,000.00 | N/A |
| Adjustments For Unrealised Foreign Exchange Losses Gains | 2,169,000.00 | N/A | -5,507,000.00 | N/A | 196,000.00 | N/A | -2,226,000.00 | N/A |
| Other Adjustments To Reconcile Profit Loss | 149,000.00 | N/A | 31,000.00 | N/A | 182,000.00 | N/A | 311,000.00 | N/A |
| Interest Received Classified As Operating Activities | 6,091,000.00 | N/A | 5,651,000.00 | N/A | 4,705,000.00 | N/A | N/A | N/A |
| Income Taxes Paid Refund Classified As Operating Activities | 14,331,000.00 | N/A | 23,059,000.00 | N/A | 20,941,000.00 | N/A | 37,492,000.00 | N/A |
| Cash Flows From Used In Operating Activities | -26,922,000.00 | N/A | -48,753,000.00 | N/A | 67,057,000.00 | N/A | 84,594,000.00 | N/A |
| Dividends Received Classified As Investing Activities | 0.00 | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A |
| Interest Received Classified As Investing Activities | N/A | N/A | N/A | N/A | 4,705,000.00 | N/A | 2,642,000.00 | N/A |
| Cash Flows From Used In Investing Activities | 44,977,000.00 | N/A | 123,662,000.00 | N/A | 12,585,000.00 | N/A | -50,196,000.00 | N/A |
| Proceeds From Borrowings Classified As Financing Activities | 250,230,000.00 | N/A | 173,090,000.00 | N/A | 269,860,000.00 | N/A | 170,493,000.00 | N/A |
| Repayments Of Borrowings Classified As Financing Activities | 150,134,000.00 | N/A | 215,478,000.00 | N/A | 305,851,000.00 | N/A | 138,380,000.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | 2,348,000.00 | N/A | 2,406,000.00 | N/A | 3,148,000.00 | N/A | 9,607,000.00 | N/A |
| Interest Paid Classified As Financing Activities | 20,628,000.00 | N/A | 16,726,000.00 | N/A | 12,624,000.00 | N/A | 25,829,000.00 | N/A |
| Cash Flows From Used In Financing Activities | 4,541,000.00 | N/A | -60,120,000.00 | N/A | -52,206,000.00 | N/A | -84,288,000.00 | N/A |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 22,596,000.00 | N/A | 14,789,000.00 | N/A | 27,436,000.00 | N/A | -49,890,000.00 | N/A |
| Cash and cash equivalents | 175,956,000.00 | 153,360,000.00 | 190,745,000.00 | 175,956,000.00 | 218,181,000.00 | 190,745,000.00 | 168,291,000.00 | 218,181,000.00 |
Please note that some sums might not add up.
PLMRVDV00011
259400I0C8HBAHH0Y245
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