Varteks d. d.
ISIN: HRVARTR10005 | Ticker: VART | LEI: 74780000Q0LH0TDGEO80
Country: Croatia
Varteks d.d., Croatia’s leading clothing manufacturing company with a nationwide sales network of fashion stores, was founded in 1918. During its almost a century-old tradition it has continuously aimed for excellence and developed according to market and customer needs, while retaining its quality and distinctiveness.
Over the last 100 years of existence Varteks has become a synonym for classic elegance.
With stylish and remarkably designed collections it has dressed numerous generations, shared a part in most inspiring memories and is renowned for its quality clothing.
1918
Served areaEurope
HeadquartersZagrebačka 94, 42000 Varaždin – Croatia
| Line item in (hrk) | 01.01.2020 | 01.01.2021 | 01.01.2022 |
|---|---|---|---|
| Assets | N/A | 265,156,000.00 | 308,942,000.00 |
| Noncurrent Assets | N/A | 202,737,000.00 | 224,542,000.00 |
| Property Plant And Equipment | N/A | 17,084,000.00 | 14,107,000.00 |
| Land | N/A | 52,230,000.00 | 27,101,000.00 |
| Buildings | N/A | 44,397,000.00 | 72,358,000.00 |
| Investment Property | N/A | 68,791,000.00 | 86,492,000.00 |
| Goodwill | N/A | 1,337,000.00 | 1,155,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 1,337,000.00 | 1,288,000.00 |
| Other Intangible Assets | N/A | 0.00 | 133,000.00 |
| Investments In Subsidiaries Joint Ventures And Associates | N/A | 0.00 | 0.00 |
| Noncurrent Receivables | N/A | 188,000.00 | 38,000.00 |
| Other Noncurrent Receivables | N/A | 188,000.00 | 38,000.00 |
| Other Noncurrent Nonfinancial Assets | N/A | 6,000.00 | 6,000.00 |
| Current Assets | N/A | 62,114,000.00 | 83,772,000.00 |
| Inventories | N/A | 50,316,000.00 | 42,626,000.00 |
| Current Trade Receivables | N/A | 7,109,000.00 | 30,133,000.00 |
| Current Receivables Due From Associates | N/A | 0.00 | 0.00 |
| Cash and cash equivalents | 1,306,000.00 | 702,000.00 | 6,415,000.00 |
| Shortterm Deposits Classified As Cash Equivalents | N/A | 4,990,000.00 | 5,801,000.00 |
| Other Current Assets | N/A | 231,000.00 | 136,000.00 |
| Equity And Liabilities | N/A | 265,156,000.00 | 308,942,000.00 |
| Equity | 46,370,000.00 | 15,859,000.00 | 57,116,000.00 |
| Issued Capital | N/A | 41,067,000.00 | 50,267,000.00 |
| Retained Earnings | N/A | -70,168,000.00 | -76,683,000.00 |
| Other Reserves | N/A | -2,443,000.00 | 174,000.00 |
| Capital Reserve | N/A | 656,000.00 | 386,000.00 |
| Noncurrent Liabilities | N/A | 101,581,000.00 | 117,782,000.00 |
| Noncurrent Provisions | N/A | 5,855,000.00 | 5,225,000.00 |
| Noncurrent Payables | N/A | 0.00 | 2,444,000.00 |
| Deferred Tax Liabilities | N/A | 17,033,000.00 | 18,107,000.00 |
| Other Noncurrent Financial Liabilities | N/A | 73,469,000.00 | 63,073,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 1,855,000.00 | 863,000.00 |
| Current Liabilities | N/A | 138,608,000.00 | 126,235,000.00 |
| Trade And Other Current Payables | N/A | 26,746,000.00 | 26,112,000.00 |
| Current Advances | N/A | 315,000.00 | 168,000.00 |
| Current Tax Liabilities Current | N/A | 76,000.00 | 0.00 |
| Other Current Financial Liabilities | N/A | 28,011,000.00 | 30,499,000.00 |
| Other Current Nonfinancial Liabilities | N/A | 5,006,000.00 | 4,964,000.00 |
| Line item in (hrk) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
|---|---|---|
| Revenue From Sale Of Goods | 113,638,000.00 | 106,038,000.00 |
| Changes In Inventories Of Finished Goods And Work In Progress | -15,084,000.00 | 7,408,000.00 |
| Raw Materials And Consumables Used | 45,908,000.00 | 35,069,000.00 |
| Cost Of Merchandise Sold | 10,221,000.00 | 7,392,000.00 |
| Employee Benefits Expense | 45,905,000.00 | 57,695,000.00 |
| Wages And Salaries | 31,076,000.00 | 38,399,000.00 |
| Social Security Contributions | 5,689,000.00 | 7,836,000.00 |
| Depreciation And Amortisation Expense | 9,447,000.00 | 9,254,000.00 |
| Other Expense By Nature | 12,354,000.00 | 15,059,000.00 |
| Profit Loss From Operating Activities | -23,196,000.00 | 3,617,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 0.00 | 0.00 |
| Other Income Expense From Subsidiaries Jointly Controlled Entities And Associates | 0.00 | 0.00 |
| Profit Loss Before Tax | -31,205,000.00 | -4,859,000.00 |
| Income Tax Expense Continuing Operations | -358,000.00 | -5,343,000.00 |
| Profit (loss) | -30,847,000.00 | 485,000.00 |
| Profit Loss Attributable To Owners Of Parent | -30,847,000.00 | 485,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | 0.00 |
| Line item in (hrk) | 01.01.2020 | 01.01.2021 | 01.01.2022 |
|---|---|---|---|
| Profit (loss) | N/A | -30,847,000.00 | 485,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -8,493,000.00 | 7,170,000.00 |
| Adjustments For Decrease Increase In Other Operating Receivables | N/A | -751,000.00 | -1,608,000.00 |
| Adjustments For Increase Decrease In Other Operating Payables | N/A | -5,098,000.00 | -28,700,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 5,698,000.00 | -27,901,000.00 |
| Adjustments For Provisions | N/A | -432,000.00 | -630,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | 1,572,000.00 | -133,000.00 |
| Adjustments For Fair Value Gains Losses | N/A | 3,801,000.00 | 1,754,000.00 |
| Other Adjustments For Noncash Items | N/A | 17,000.00 | 0.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | N/A | -69,000.00 | -18,782,000.00 |
| Cash Flows From Used In Operations | N/A | -18,397,000.00 | -54,235,000.00 |
| Interest Paid Classified As Operating Activities | N/A | -1,550,000.00 | -3,684,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 186,000.00 | -76,000.00 |
| Cash Flows From Used In Operating Activities | N/A | -19,761,000.00 | -57,994,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 74,000.00 | 37,470,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 1,353,000.00 | 1,286,000.00 |
| Cash Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | -4,708,000.00 | 6,000.00 |
| Cash Flows From Used In Investing Activities | N/A | 3,429,000.00 | 36,178,000.00 |
| Payments From Changes In Ownership Interests In Subsidiaries | N/A | 0.00 | 0.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 55,867,000.00 | 64,551,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 36,298,000.00 | 42,792,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 3,841,000.00 | 5,778,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 15,728,000.00 | 27,529,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -604,000.00 | 5,713,000.00 |
| Cash and cash equivalents | 1,306,000.00 | 702,000.00 | 6,415,000.00 |
Please note that some sums might not add up.
HRVARTR10005
LEI74780000Q0LH0TDGEO80
SectorTextiles, Apparel & Luxury Goods
Sub-IndustryApparel, Accessories & Luxury Goods
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