Annual / Quarterly Financial Statement • Feb 17, 2020
Annual / Quarterly Financial Statement
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| Management Report of AD Plastik Group and the company AD Plastik d.d. Solin for the period 1. 1. 2019 - 31. 12. 20193 |
|
|---|---|
| Operating revenue, EBITDA and Net profit | 3 |
| Comment by Marinko Došen, President of the Management Board | 5 |
| Financial results for 2019 | 6 |
| Operating revenue per sales markets of AD Plastik Group without affiliated company | 11 |
| AD Plastik Group with consolidation of the corresponding ownership part in affiliated company | 13 |
| Share | 15 |
| Financial statement of AD Plastik Group 17 |
|
| Balance sheet | 18 |
| Statement of profit or loss | 22 |
| Statement of cash flows (indirect method) | 25 |
| Statement of changes in equity | 27 |
| Notes to financial statements | 29 |
| Financial statement of the company AD Plastik 30 |
|
| Balance sheet | 31 |
| Statement of profit or loss | 35 |
| Statement of cash flows (indirect method) | 38 |
| Statement of changes in equity | 40 |
| Notes to financial statements | 42 |
| Management's statement of responsibility43 |
OPERATING REVENUE
EBITDA
compared to the 2018
compared to the 2018
We are pleased to present you the results of another very successful year in which we achieved results better than the planned ones. Realized operating revenue of AD Plastik Group in 2019 grew by 17.1 percent compared to the previous year and it amounted to more than HRK 1.5 billion. EBITDA has grown by 20.44 percent, amounting to HRK 194.78 million and net profit has also grown by 10.43 percent, amounting to HRK 98.63 million.
Despite the challenges in the automotive market, our results confirm the correctness of our vision, strategy and business decisions we make. The growth trend of our Group is still above the market trends in which we operate, which also shows that we have chosen a good direction of business development.
The past year was extremeley challenging for our production sites, especially in Croatia. We have successfully started serial production regarding several new and very significant projects, the most notable of which are Clio 5 and Ford Puma as well as redesigned Twingo and Smart. We have filled production capacities in Croatia and new deals worth EUR 157.9 million, sealed for the Russian market, will significantly fill the capacities of our Russian production sites. In addition to the new deals sealed for the Russian market, new deals worth EUR 57 million have been selaed in the European market. In the reporting period we have worked intensively on the integration of the Hungarian company into the Group and preparations of our production sites in Russia for acceptance of new projects lay ahead of us. We have made a safe step into another business year that brings new challenges and opportunities, and I believe also the successful results. We have set ambitious plans and the goals and their realization requires a high level of focus from us.
We are determined and persistent in the implementation of continuous investments in enhancing competences and share of deals as a first-level supplier, because this is where our future success and stability lie.
The results we have been achieving are an additional motivation and incentive, but at the same time an obligation and responsibility to all our stakeholders to continue in the direction of further growth and development of the Group.
Marinko Došen President of the Management Board
AD Plastik Group is comprised of the following companies during the reporting period:
The interim unaudited results for 2019 indicate the continuation of successful operations with the achievement of the set plans for revenue and profit growth. The year was marked by the preparations and the start of serial productions regarding significant projects of the AD Plastik Group, primarily the Clio 5 and Ford Puma, as well as the redesigned Twingo and Smart models. New deals worth EUR 214.9 million have been sealed for the European and Russian markets, ensuring further growth and development of the company. Investments worth HRK 163.56 million realized in the observed period are mostly related to the expansion of capacities for acceptance of new projects in Croatia and partly in Russia. Despite the significant investment cycle, the growth of operating business has improved net financial debt ratios relative to EBITDA, amounting to 2.26 at the Group level and 3.11 at the parent company level.
The Group's operating revenue realized amounted to HRK 1.5 billion, representing a growth of 17.1 percent, while in the parent company it has grown by 17.3 percent and amounted to HRK 1.1 billion. Revenue growth is largely driven by revenue from tools and programs of the Renault Group, Ford and PSA Group in the parent company as well as the revenue of the Hungarian company AD Plastik Tisza. AD Plastik Group continues to grow above the market trends in which it operates, which confirms the correctness of previous business decisions and set strategy.
In the reporting period Group's EBITDA margin amounted to 12.6 percent, that is 10.9 percent in the parent company. Group's EBIT-DA amounted to HRK 194.8 million and it grew by 20.4 percent compared to the same period last year, while in the parent company it grew by 49.2 percent and it amounted to HRK 121.1 million.
Start of serial production of new vehicle models and tool sales regarding these vehicles have also greatly influenced the profitability growth. In the reporting period IFRS 16 has been applied, which had a positive impact on EBITDA amounting to HRK 9.4 million.
AD Plastik Group has realized profit amounting to HRK 98.6 million, thus having realized growth of 10.4 percent, while profit amounting to HRK 89.7 million, realized in the parent company, was slightly higher compared to the same period last year. The profit growth is not fully accompanied by the growth of the operating business in the parent company due to the lower dividend income from the affiliated company paid in the amount of eighty percent as well as the impact of the impairment of the financial share of the subsidiary company in 2018.
During the reporting period, the Hungarian company Tisza Automotive Kft. changed its name to AD Plastik Tisza Kft. As of December 31, 2019 AD Plastik Group had 2,947 employees.
| Indicators | AD Plastik Group | AD Plastik d.d. | |||||
|---|---|---|---|---|---|---|---|
| (in HRK 000) | 2018 | 2019 | Index | 2018 | 2019 | Index | |
| Operating revenue | 1,321,254 | 1,547,233 | 117.10 | 944,974 | 1,107,961 | 117.25 | |
| Sales revenue | 1,298,447 | 1,510,041 | 116.30 | 927,965 | 1,085,649 | 116.99 | |
| Operating expenses | 1,250,387 | 1,461,870 | 116.91 | 916,903 | 1,053,618 | 114.91 | |
| EBITDA | 161,726 | 194,777 | 120.44 | 81,113 | 121,055 | 149.24 | |
| Net profit | 89,320 | 98,634 | 110.43 | 88,961 | 89,740 | 100.88 | |
| NFD | 381,117 | 440,516 | 115.59 | 309,951 | 376,589 | 121.50 | |
| NFD/EBITDA | 2,36 | 2,26 | 95.97 | 3,82 | 3,11 | 81.41 | |
| EBITDA margin | 12,24% | 12,59% | 35 bps | 8,58% | 10,93% | 234 bps | |
| Net profit margin | 6,76% | 6,37% | -39 bps | 9,41% | 8,10% | -131 bps | |
| ROE | 11,65% | 12,04% | 39 bps | 12,45% | 11,93% | -53 bps | |
| Capex | 114,938 | 163,559 | 142.30 | 86,698 | 135,613 | 156.42 |
| Operating expenses | AD Plastik Group | AD Plastik d.d. | |||||
|---|---|---|---|---|---|---|---|
| (in HRK 000) | 2018 | 2019 Index |
2018 | 2019 | Index | ||
| OPERATING EXPENSES | 1,250,387 | 1,461,870 | 116.91 | 916,903 | 1,053,618 | 114.91 | |
| Changes in the value of work in process and finished products |
-4,222 | 1,087 | -25.75 | -2,432 | -1,332 | 54.77 | |
| Material costs | 859,547 | 993,699 | 115.61 | 657,934 | 765,875 | 116.41 | |
| Staff costs | 230,878 | 259,949 | 112.59 | 156,333 | 168,310 | 107.66 | |
| Amortization | 90,858 | 109,413 | 120.42 | 53,042 | 66,712 | 125.77 | |
| Other costs | 56,806 | 74,809 | 131.69 | 42,508 | 45,309 | 106.59 | |
| Provisions | 5,009 | 2,256 | 45.05 | 4,705 | 2,061 | 43.80 | |
| Other operating expenses | 11,511 | 20,656 | 179.45 | 4,812 | 6,682 | 138.85 |
Net financial result at the Group level was more favorable due to the lower negative exchange rate differences, which were partly a result of the decline in foreign currency exposure of Russian companies and partly of the strengthening of the Russian ruble exchange rate compared to December 31, 2018. The parent company's net financial result was slightly less favorable mostly due to the lower dividend income from the affiliated company as well as the effect of impairment of the financial share of the subsidiary company in 2018.
| Net financial result | AD Plastik Group | AD Plastik d.d. | |||||
|---|---|---|---|---|---|---|---|
| (in HRK 000) | 2018 2019 Index |
2018 | 2019 | Index | |||
| FINANCIAL REVENUE | 19,906 | 28,861 | 144.99 | 78,468 | 49,526 | 63.12 | |
| Positive exchange rate differ ences |
19,523 | 28,109 | 143.98 | 7,613 | 4,596 | 60.37 | |
| Interest income | 377 | 434 | 115.12 | 4,051 | 4,242 | 104.71 | |
| Dividends | 6 | 6 | 100.00 | 54,536 | 40,376 | 74.04 | |
| Increase in the value of the financial share of the subsidiary company |
- | - | - | 12,268 | - | - | |
| Other revenue | - | 312 | - | - | 312 | - | |
| FINANCIAL EXPENSES | 53,829 | 43,367 | 80.56 | 17,988 | 13,789 | 76.66 | |
| Negative exchange rate differ ences |
43,605 | 30,176 | 69.20 | 9,095 | 4,671 | 51.36 | |
| Interest expenses | 10,224 | 13,191 | 129.02 | 8,893 | 9,118 | 102.53 | |
| FINANCIAL RESULT | -33,923 | -14,506 | 42.76 | 60,480 | 35,737 | 59.09 |
The Group's net financial debt as of December 31, 2019 amounted to HRK 440.5 million and the parent company's debt amounted to HRK 376.6 million. It increased compared to the same period last year due to the financing of investments in the parent company and temporary financing of part of the tools for new projects. With the increase in profitability, the NFD/EBITDA indicator was more favorable and it amounted to 2.26 at the Group level, or 3.11 in the parent company.
Group's debt ratio was almost unchanged compared to the end of the previous year and it amounted to 0.49, that is 0.46 in the parent company. In the reporting period, the return on equity (ROE) amounted to 12.04 percent at the Group level or 11.93 percent in the parent company.
| Abbreviated balance sheet | AD Plastik Group | AD Plastik d.d. | |||||
|---|---|---|---|---|---|---|---|
| (in HRK 000) | 31.12.2018 | 31.12.2019 | Index | 31.12.2018 | 31.12.2019 | Index | |
| ASSETS | 1,566,778 | 1,683,526 | 107.45 | 1,331,640 | 1,430,068 | 107.39 | |
| Noncurrent assets | 1,001,601 | 1,086,626 | 108.49 | 911,298 | 990,184 | 108.66 | |
| Current assets | 513,352 | 534,468 | 104.11 | 370,424 | 379,166 | 102.36 | |
| Prepaid expenses and accrued income |
51,825 | 62,432 120.47 |
60,718 | 121.64 | |||
| LIABILITIES | 782,628 | 829,070 | 105.93 | 598,486 | 658,436 | 110.02 | |
| Provisions | 19,292 | 19,756 | 102.40 | 16,460 | 16,634 | 101.05 | |
| Noncurrent liabilities | 277,670 | 249,432 | 89.83 | 206,328 | 184,184 | 89.27 | |
| Current liabilities | 477,268 | 553,798 | 116.04 | 369,975 | 453,972 | 122.70 | |
| Accrued expenses and deferred revenue |
8,397 | 6,083 | 72.44 | 5,723 | 3,646 | 63.72 | |
| CAPITAL | 784,151 | 854,456 | 108.97 | 733,153 | 771,631 | 105.25 |
Operating revenue of the AD Plastik Group in these markets increased by 25.2 percent compared to the same period last year, amounting to HRK 1.23 billion, representing 79.3 percent of the Group's total revenue.
There are 15.3 million new cars registered in the EU market, and despite the unfavorable trends during the year, an overall growth of 1.2 percent was recorded thanks to increased activities in the last quarter. In the observed period, the German market grew by five percent, French market by 1.9 percent, while the Italian market grew by 0.3 percent. The number of newly registered vehicles dropped by 2.4 percent in the UK and 4.8 percent in Spain. Volkswagen Group continues to hold the largest market share with 24.5 percent and volume growth of 3.3 percent. They are followed by the PSA Group with a 15.6 percent share, which has recorded a volume decline by 1.3 percent, while the Renault Group holds a market share of 10.5 percent, recording a volume increase of 0.9 percent.
The AD Plastik Group generates revenue above the market trends in these markets, primarily due to the start of serial production of the redesigned Twingo and the new Clio 5, revenue from tools and revenue of the Hungarian company AD Plastik Tisza. The key customers of AD Plastik Group in these markets are Renault Group, FCA Group, PSA Group and Ford.
In the reporting period, new deals were sealed for PSA Group, FCA Group, Hella, Suzuki, Audi and BMW, totaling EUR 57 million.
In the Russian market, revenue amounted to HRK 320.8 million, which was by 6.0 percent less than in the previous year. The slightly lower realized revenue are a consequence of a very significant realization of revenues from tools in the previous year. Revenue from the Russian market account for 20.73 percent of the Group's revenue, and Russian companies fully generate their revenue in that market.
The number of newly registered cars in this market decreased by 2.3 percent, more precisely, 1.8 million new cars were registered in total. The most important automakers in Russia are the Renault-Nissan-AvtoVAZ Alliance, with a 36.3 percent market share, which recorded a decline by 1.4 percent over the observed period. Kia has a 12.8 percent share in the Russian market and it decreased by 0.7 percent, Volkswagen Group with a 12.3 percent share grew by 2.6 percent and Hyundai Group with a 10.3 percent market share recorded a 0.5 percent year-over-year growth.
Key customer of AD Plastik Group in this market is Renault-Nissan-AvtoVAZ Alliance, with an increasingly significant share of Volkswagen Group.
New deals worth EUR 157.9 million were sealed in this market in the reporting period for the Renault-Nissan-AvtoVAZ Alliance and the Volkswagen Group. The most significant deals worth EUR 91.4 million refer to the new Renault Sandero and Logan models, which are among the 15 best-selling vehicles in the Russian market. New deals worth EUR 56 million have been sealed for the new Lada Granta model, Russia's best-selling vehicle. These deals ensure significant capacity filling and further development and growth of the company in this market.
In order to present a clearer picture of business, a comparable, shortened, consolidated profit and loss account of AD Plastik Group for 2018 and 2019 has been created, with profit and loss account of the affiliated company Euro Auto Plastic Systems s.r.l. Mioveni, Romania (50 percent of ownership of AD Plastik d.d.).
| in HRK 000 | |||
|---|---|---|---|
| Positions | 2018 | 2019 | Index |
| OPERATING REVENUE | 1,723,474 | 1,934,829 | 112.26 |
| OPERATING EXPENSES | 1,593,504 | 1,800,253 | 112.97 |
| Material costs | 1,099,230 | 1,231,609 | 112.04 |
| Staff costs | 283,555 | 311,199 | 109.75 |
| Amortization | 97,135 | 118,861 | 122.37 |
| Other costs | 113,585 | 138,584 | 122.01 |
| FINANCIAL REVENUE | 19,905 | 28,861 | 144.99 |
| FINANCIAL EXPENSES | 54,222 | 45,547 | 84.00 |
| TOTAL REVENUE | 1,743,380 | 1,963,690 | 112.64 |
| TOTAL EXPENSES | 1,647,727 | 1,845,799 | 112.02 |
| Profit before taxation | 95,653 | 117,890 | 123.25 |
| Profit tax | 6,333 | 19,256 | 304.08 |
| PROFIT OF THE PERIOD | 89,320 | 98,634 | 110.43 |
| EBITDA | 227,104 | 253,437 | 111.60 |
Operating revenue of AD Plastik Group with consolidated corresponding part of ownership in affiliated company amounted to HRK 1,934.8 million, recording a growth of 12.3 percent. EBITDA amounted to HRK 253.4 million and it grew by 11.6 percent compared to the previous year.
Your needs. Our drive.
of the corresponding part of ownership in affiliated company
| Positions | 2018 | 2019 | Index |
|---|---|---|---|
| Operating revenue | 827,197 | 802,508 | 97.02 |
| Operating expenses | 708,993 | 704,083 | 99.31 |
| Net financial result | -786 | -4,360 | 554.42 |
| Profit before taxation | 117,418 | 94,065 | 80.11 |
| Income tax | 17,701 | 16,792 | 94.87 |
| Profit of the period | 99,717 | 77,273 | 77.49 |
| Positions | 31.12.2018 | 31.12.2019 | Index |
|---|---|---|---|
| Noncurrent assets | 65,441 | 99,009 | 151.29 |
| Current assets | 309,884 | 288,623 | 93.14 |
| TOTAL ASSETS | 375,325 | 387,632 | 103.28 |
| Capital + reserves | 171,146 | 171,646 | 100.29 |
| Long-term liabilities and provisions | 14,449 | 15,131 | 104.72 |
| Current liabilities | 189,730 | 200,855 | 105.86 |
| TOTAL LIABILITIES | 375,325 | 387,632 | 103.28 |
The company primarily generates revenue in Romanian market and, apart from that, Euro APS supplies its products to the markets of Algeria, Morocco, Iran, Brazil, Colombia, South Africa, Russia etc. Results of the affiliated company have been included in the results of AD Plastik Group by equity method. Revenue and profit generated in the reporting period are lower due to the high base of the previous year, in which significant other revenue was generated from the provisions cancellation. The affiliated company has no financial liability towards AD Plastik d.d. nor loan obligations towards external entities.
In the reporting period, the company voted to pay dividends in the total amount of HRK 80.68 million, which is just over eighty percent of the profit generated in 2018. The rest has been allocated to retained earnings.
| Shareholder | Number of shares | Share | |
|---|---|---|---|
| 1 | OAO HAK | 1,259,875 | 30,0% |
| 2 | Small shareholders | 923,418 | 22,0% |
| 3 | Pension funds | 860,222 | 20,5% |
| 4 | Management and employees | 590,974 | 14,1% |
| 5 | Other institutional investors | 496,037 | 11,8% |
| 6 | Treasury shares | 69,058 | 1,6% |
| Total | 4,199,584 | 100,0% |
In the reporting period, the share price increased by 8.5 percent and as of December 31, 2019 amounted to HRK 191. Crobex grew 15.4 percent over the same period. With the increase in the share price, the market capitalization of the company increased, amounting to HRK 802.1 million. Earnings per share amounted to HRK 23.5, with a realized P/E of 8.1. In 2019, a dividend amounting to HRK 12.5 per share was paid, representing a dividend yield of 7.1 percent.
| ADPL (HRK) | 31.12.2018 | 31.12.2019 | Index |
|---|---|---|---|
| Final price | 176.0 | 191.0 | 8.5% |
| Average price | 185.8 | 179.8 | -3.2% |
| The highest | 203.0 | 195.0 | -3.9% |
| The lowest | 169.0 | 166.5 | -1.5% |
| Volume | 290.281 | 347.060 | 19.6% |
| Turnover | 53.921.185 | 62.414.666 | 15.8% |
| Market capitalization | 739.126.784 | 802.120.544 | 8.5% |
| P/E | 8.3 | 8.1 | -2.4% |
| EPS | 21.3 | 23.5 | 10.3% |
| ROE | 11.7% | 12.0% | 0.03 bps |
| Reporting period: | 1. 1. 2019. | to | 31. 12. 2019. | |
|---|---|---|---|---|
| Year: | 2019 | Quarter: | 4. | |
| Quarterly financial statements | ||||
| Registration number (MB): | 03440494 | Issuer's home Member State code: | HR | |
| Entity's registration number (MBS): | 060007090 | |||
| Personal identification number (OIB): | 48351740621 | LEI | 549300NFX18SRZHNT751 | |
| Institution code: | 382 | |||
| Name of the issuer: | AD PLASTIK d.d. | |||
| Postcode and town: | 21210 | Solin | ||
| Street and house number: | Matoševa 8 | |||
| E-mail address: | [email protected] | |||
| Web address: | www.adplastik.hr | |||
| Number of employees (end of the reporting period): |
2947 | |||
| Consolidated report: | KD | (KN-not consolidated/KD-consolidated) | ||
| Audited: | RN | (RN-not audited/RD-audited) | ||
| Names of subsidiaries (according to IFRS): |
Registered office: | MB: | ||
| AD PLASTIK d.d. | Solin, Croatia | 03440494 | ||
| AO AD PLASTIK TOGLIATTI | Samara, Russian Federation | 1036300221935 | ||
| AD PLASTIK d.o.o. | Novo Mesto, Slovenia | 1214985000 | ||
| ZAO AD PLASTIK KALUGA | Kaluga, Russian Federation | 1074710000320 | ||
| ADP d.o.o. | Mladenovac, Serbia | 20787538 | ||
| AD PLASTIK TISZA Kft. | Tiszaujvaros, Hungary | 12800821-2932-133-05 | ||
| Bookkeeping firm: | No | (Yes/No) | ||
| Contact person: | Jurun Krešimir | |||
| (only name and surname of the contact person) | ||||
| Telephone: | 021/206-663 | |||
| E-mail address: | [email protected] | |||
| Audit firm: | ||||
| (name of the audit firm) | ||||
| Certified auditor: | ||||
| (name and surname) |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| ASSETS | |||||
| A | RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | |
| B | FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 1,001,600,997 | 1,086,625,784 | |
| I. | Intangible assets (ADP 004 to 009) | 003 | 136,221,414 | 131,578,002 | |
| 1 | Research and development | 004 | 62,190,678 | 58,731,429 | |
| 2 | Concessions, patents, licences, trademarks, software and other rights | 005 | 3,435,190 | 2,683,752 | |
| 3 | Goodwill | 006 | 25,431,844 | 26,543,047 | |
| 4 | Advances for the purchase of intangible assets | 007 | 20,327 | 13,202 | |
| 5 | Intangible assets in preparation | 008 | 33,739,621 | 29,151,625 | |
| 6 | Other intangible assets | 009 | 11,403,754 | 14,454,947 | |
| II. Tangible assets (ADP 011 to 019) | 010 | 765,852,353 | 860,309,657 | ||
| 1 | Land | 011 | 135,501,199 | 136,848,065 | |
| 2 | Buildings | 012 | 259,306,240 | 277,428,852 | |
| 3 | Plant and equipment | 013 | 242,906,810 | 303,572,892 | |
| 4 | Tools, working inventory and transportation assets | 014 | 22,650,631 | 40,052,977 | |
| 5 | Biological assets | 015 | 0 | 0 | |
| 6 | Advances for the purchase of tangible assets | 016 | 8,796,492 | 2,897,881 | |
| 7 | Tangible assets in preparation | 017 | 38,925,870 | 26,577,277 | |
| 8 | Other tangible assets | 018 | 496,144 | 16,402,354 | |
| 9 | Investment property | 019 | 57,268,967 | 56,529,359 | |
| III. Fixed financial assets (ADP 021 to 030) | 020 | 92,211,768 | 90,477,913 | ||
| 1 | Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 | |
| 2 | Investments in other securities of undertakings within the group | 022 | 0 | 0 | |
| 3 | Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 | |
| 4 | Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 92,150,068 | 90,416,213 | |
| 5 | Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 | |
| 6 | Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 | |
| 7 | Investments in securities | 027 | 61,700 | 61,700 | |
| 8 | Loans, deposits, etc. given | 028 | 0 | 0 | |
| 9 | Other investments accounted for using the equity method | 029 | 0 | 0 | |
| 10 Other fixed financial assets | 030 | 0 | 0 | ||
| IV. Receivables (ADP 032 to 035) | 031 | 31,841 | 862 | ||
| 1 | Receivables from undertakings within the group | 032 | 0 | 0 | |
| 2 | Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 | |
| 3 | Customer receivables | 034 | 0 | 0 | |
| 4 | Other receivables | 035 | 31,841 | 862 | |
| V. Deferred tax assets | 036 | 7,283,621 | 4,259,350 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| ASSETS | |||||
| C | CURRENT ASSETS (ADP 038+046+053+063) | 037 | 513,352,133 | 534,468,254 | |
| I. | Inventories (ADP 039 to 045) | 038 | 230,891,993 | 210,616,717 | |
| 1 | Raw materials and consumables | 039 | 97,491,435 | 100,237,227 | |
| 2 | Work in progress | 040 | 15,597,255 | 16,498,553 | |
| 3 | Finished goods | 041 | 28,126,507 | 26,962,617 | |
| 4 | Merchandise | 042 | 49,171,696 | 34,023,500 | |
| 5 | Advances for inventories | 043 | 40,505,100 | 32,894,820 | |
| 6 | Fixed assets held for sale | 044 | 0 | 0 | |
| 7 | Biological assets | 045 | 0 | 0 | |
| II. Receivables (ADP 047 to 052) | 046 | 246,053,589 | 296,779,058 | ||
| 1 | Receivables from undertakings within the group | 047 | 0 | 0 | |
| 2 | Receivables from companies linked by virtue of participating interests | 048 | 4,729,936 | 4,367,971 | |
| 3 | Customer receivables | 049 | 214,633,350 | 270,217,051 | |
| 4 | Receivables from employees and members of the undertaking | 050 | 305,596 | 186,149 | |
| 5 | Receivables from government and other institutions | 051 | 16,803,681 | 18,744,439 | |
| 6 | Other receivables | 052 | 9,581,026 | 3,263,448 | |
| III. Current financial assets (ADP 054 to 062) | 053 | 68,429 | 0 | ||
| 1 | Investments in holdings (shares) of undertakings within the group | 054 | 0 | 0 | |
| 2 | Investments in other securities of undertakings within the group | 055 | 0 | 0 | |
| 3 | Loans, deposits, etc. to undertakings within the group | 056 | 0 | 0 | |
| 4 | Investments in holdings (shares) of companies linked by virtue of participating interests | 057 | 0 | 0 | |
| 5 | Investment in other securities of companies linked by virtue of participating interests | 058 | 0 | 0 | |
| 6 | Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 | |
| 7 | Investments in securities | 060 | 0 | 0 | |
| 8 | Loans, deposits, etc. given | 061 | 68,429 | 0 | |
| 9 | Other financial assets | 062 | 0 | 0 | |
| IV. Cash at bank and in hand | 063 | 36,338,122 | 27,072,479 | ||
| D | PREPAID EXPENSES AND ACCRUED INCOME | 064 | 51,825,206 | 62,431,735 | |
| E | TOTAL ASSETS (ADP 001+002+037+064) | 065 | 1,566,778,336 | 1,683,525,773 | |
| F | OFF-BALANCE SHEET ITEMS | 066 | 48,341,463 | 48,966,086 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| LIABILITIES | |||||
| A | CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 784,150,747 | 854,456,131 | |
| I. | Initial (subscribed) capital | 068 | 419,958,400 | 419,958,400 | |
| II. Capital reserves | 069 | 192,309,626 | 192,394,466 | ||
| III. Reserves from profit (ADP 071+072-073+074+075) | 070 | -21,908,680 | 35,948,528 | ||
| 1 | Legal reserves | 071 | 7,040,079 | 6,123,451 | |
| 2 | Reserves for treasury shares | 072 | 22,124,003 | 20,890,463 | |
| 3 | Treasury shares and holdings (deductible item) | 073 | -12,124,003 | -11,795,123 | |
| 4 | Statutory reserves | 074 | 125,369 | 125,369 | |
| 5 | Other reserves | 075 | -39,074,128 | 20,604,368 | |
| IV. Revaluation reserves | 076 | -13,117,084 | -4,275,104 | ||
| V. Fair value reserves (ADP 078 to 080) | 077 | 0 | 0 | ||
| 1 | Fair value of financial assets available for sale | 078 | 0 | 0 | |
| 2 | Cash flow hedge - effective portion | 079 | 0 | 0 | |
| 3 | Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 | |
| VI. Retained profit or loss brought forward (ADP 082-083) | 081 | 117,588,420 | 111,796,074 | ||
| 1 | Retained profit | 082 | 117,588,420 | 111,796,074 | |
| 2 | Loss brought forward | 083 | 0 | 0 | |
| VII. Profit or loss for the business year (ADP 085-086) | 084 | 89,319,984 | 98,633,767 | ||
| 1 | Profit for the business year | 085 | 89,319,984 | 98,633,767 | |
| 2 | Loss for the business year | 086 | 0 | 0 | |
| VIII. Minority (non-controlling) interest | 087 | 81 | 0 | ||
| B | PROVISIONS (ADP 089 to 094) | 088 | 19,292,315 | 19,756,268 | |
| 1 | Provisions for pensions, termination benefits and similar obligations | 089 | 4,339,499 | 2,569,856 | |
| 2 | Provisions for tax liabilities | 090 | 0 | 0 | |
| 3 | Provisions for ongoing legal cases | 091 | 568,022 | 625,161 | |
| 4 | Provisions for renewal of natural resources | 092 | 0 | 0 | |
| 5 | Provisions for warranty obligations | 093 | 0 | 0 | |
| 6 | Other provisions | 094 | 14,384,794 | 16,561,251 | |
| C | LONG-TERM LIABILITIES (ADP 096 to 106) | 095 | 277,670,238 | 249,432,471 | |
| 1 | Liabilities to undertakings within the group | 096 | 0 | 0 | |
| 2 | Liabilities for loans, deposits, etc. of undertakings within the group | 097 | 0 | 0 | |
| 3 | Liabilities to companies linked by virtue of participating interests | 098 | 0 | 0 | |
| 4 | Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 099 | 0 | 0 | |
| 5 | Liabilities for loans, deposits etc. | 100 | 5,242,653 | 5,281,943 | |
| 6 | Liabilities to banks and other financial institutions | 101 | 269,738,909 | 236,065,745 | |
| 7 | Liabilities for advance payments | 102 | 0 | 0 | |
| 8 | Liabilities to suppliers | 103 | 2,356,731 | 0 | |
| 9 | Liabilities for securities | 104 | 0 | 0 | |
| 10 Other long-term liabilities | 105 | 331,945 | 8,084,783 | ||
| 11 Deferred tax liability | 106 | 0 | 0 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| LIABILITIES | |||||
| D | SHORT-TERM LIABILITIES (ADP 108 to 121) | 107 | 477,267,974 | 553,798,033 | |
| 1 | Liabilities to undertakings within the group | 108 | 0 | 0 | |
| 2 | Liabilities for loans, deposits, etc, of undertakings within the group | 109 | 0 | 0 | |
| 3 | Liabilities to companies linked by virtue of participating interests | 110 | 0 | 7,599 | |
| 4 | Liabilities for loans, deposits etc, of companies linked by virtue of participating interests | 111 | 0 | 0 | |
| 5 | Liabilities for loans, deposits etc, | 112 | 38,875,474 | 38,180,017 | |
| 6 | Liabilities to banks and other financial institutions | 113 | 104,113,220 | 188,784,669 | |
| 7 | Liabilities for advance payments | 114 | 72,522,189 | 38,611,123 | |
| 8 | Liabilities to suppliers | 115 | 228,783,700 | 241,532,716 | |
| 9 | Liabilities for securities | 116 | 0 | 0 | |
| 10 Liabilities to employees | 117 | 12,677,888 | 14,742,977 | ||
| 11 Taxes, contributions and similar liabilities | 118 | 19,102,729 | 22,638,614 | ||
| 12 Liabilities arising from the share in the result | 119 | 1,133,462 | 1,170,465 | ||
| 13 Liabilities arising from fixed assets held for sale | 120 | 0 | 0 | ||
| 14 Other short-term liabilities | 121 | 59,312 | 8,129,853 | ||
| E | ACCRUALS AND DEFERRED INCOME | 122 | 8,397,062 | 6,082,870 | |
| F | TOTAL – LIABILITIES (ADP 067+088+095+107+122) | 123 | 1,566,778,336 | 1,683,525,773 | |
| G | OFF-BALANCE SHEET ITEMS | 124 | 48,341,463 | 48,966,086 |
| Item | ADP | Same period of the previous year | Current period | |||||
|---|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | ||||
| 1 | 2 | 3 | 4 | 5 | 6 | |||
| I. | OPERATING INCOME (ADP 126 to 130) | 125 | 1,321,254,191 | 381,859,740 | 1,547,233,261 | 451,913,346 | ||
| 1 | Income from sales with undertakings within the group | 126 | 0 | 0 | 0 | 0 | ||
| 2 | Income from sales (outside group) | 127 | 1,298,446,522 | 367,019,639 | 1,510,040,898 | 445,194,623 | ||
| 3 | Income from the use of own products, goods and services | 128 | 1,122,775 | 1,122,775 | 3,106,998 | 1,719,588 | ||
| 4 | Other operating income with undertakings within the group | 129 | 0 | 0 | 0 | 0 | ||
| 5 | Other operating income (outside the group) | 130 | 21,684,894 | 13,717,326 | 34,085,365 | 4,999,135 | ||
| II. | OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153) |
131 | 1,250,386,660 | 379,039,939 | 1,461,869,718 | 418,335,000 | ||
| 1 | Changes in inventories of work in progress and finished goods | 132 | -4,222,125 | -6,774,588 | 1,087,019 | -2,685,126 | ||
| 2 | Material costs (ADP 134 to 136) | 133 | 859,546,965 | 261,829,888 | 993,699,226 | 291,700,358 | ||
| a) Costs of raw materials and consumables | 134 | 663,263,301 | 172,173,382 | 731,519,234 | 190,994,544 | |||
| b) Costs of goods sold | 135 | 103,432,468 | 58,500,486 | 175,479,659 | 82,269,764 | |||
| c) Other external costs | 136 | 92,851,196 | 31,156,020 | 86,700,333 | 18,436,050 | |||
| 3 | Staff costs (ADP 138 to 140) | 137 | 230,878,261 | 65,949,611 | 259,948,749 | 60,778,679 | ||
| a) Net salaries and wages | 138 | 144,505,861 | 40,834,048 | 162,677,892 | 38,841,193 | |||
| b) Tax and contributions from salary costs | 139 | 49,286,382 | 14,456,784 | 56,555,620 | 13,030,525 | |||
| c) Contributions on salaries | 140 | 37,086,018 | 10,658,779 | 40,715,237 | 8,906,961 | |||
| 4 | Depreciation | 141 | 90,857,983 | 29,963,095 | 109,413,108 | 27,656,676 | ||
| 5 | Other costs | 142 | 56,806,155 | 19,512,145 | 74,809,211 | 26,242,108 | ||
| 6 | Value adjustments (ADP 144+145) | 143 | 0 | 0 | 0 | 0 | ||
| a) fixed assets other than financial assets | 144 | 0 | 0 | 0 | 0 | |||
| b) current assets other than financial assets | 145 | 0 | 0 | 0 | 0 | |||
| 7 | Provisions (ADP 147 to 152) | 146 | 5,008,562 | 4,120,710 | 2,256,223 | 2,021,073 | ||
| a) Provisions for pensions, termination benefits and similar obliga tions |
147 | 2,158,386 | 2,070,593 | 124,749 | 124,749 | |||
| b) Provisions for tax liabilities | 148 | 0 | 0 | 0 | 0 | |||
| c) Provisions for ongoing legal cases | 149 | 0 | -568,022 | 230,287 | 40,353 | |||
| d) Provisions for renewal of natural resources | 150 | 0 | 0 | 0 | 0 | |||
| e) Provisions for warranty obligations | 151 | 0 | 0 | 0 | 0 | |||
| f) Other provisions | 152 | 2,850,176 | 2,618,139 | 1,901,187 | 1,855,971 | |||
| 8 | Other operating expenses | 153 | 11,510,859 | 4,439,078 | 20,656,182 | 12,621,232 |
| Item | ADP | Same period of the previous year | Current period | |||||
|---|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | ||||
| 1 | 2 | 3 | 4 | 5 | 6 | |||
| III. | FINANCIAL INCOME (ADP 155 to 164) | 154 | 19,905,328 | 1,545,772 | 28,861,041 | 11,569,395 | ||
| 1 | Income from investments in holdings (shares) of undertakings within the group |
155 | 0 | 0 | 0 | 0 | ||
| 2 | Income from investments in holdings (shares) of companies linked by virtue of participating interests |
156 | 0 | 0 | 0 | 0 | ||
| 3 | Income from other long-term financial investment and loans granted to undertakings within the group |
157 | 0 | 0 | 0 | 0 | ||
| 4 | Other interest income from operations with undertakings within the group |
158 | 0 | 0 | 0 | 0 | ||
| 5 | Exchange rate differences and other financial income from opera tions with undertakings within the group |
159 | 7,142,625 | -970,878 | 18,072,905 | 7,546,116 | ||
| 6 | Income from other long-term financial investments and loans | 160 | 5,553 | -111,412 | 5,862 | 0 | ||
| 7 | Other interest income | 161 | 376,851 | 227,154 | 434,355 | 71,369 | ||
| 8 | Exchange rate differences and other financial income | 162 | 12,380,299 | 2,400,908 | 10,035,959 | 3,639,950 | ||
| 9 | Unrealised gains (income) from financial assets | 163 | 0 | 0 | 0 | 0 | ||
| 10 Other financial income | 164 | 0 | 0 | 311,960 | 311,960 | |||
| IV. | FINANCIAL EXPENSES (ADP 166 to 172) | 165 | 53,829,156 | 1,996,181 | 43,366,696 | 14,622,391 | ||
| 1 | Interest expenses and similar expenses with undertakings within the group |
166 | 0 | 0 | 0 | 0 | ||
| 2 | Exchange rate differences and other expenses from operations with undertakings within the group |
167 | 30,738,963 | -2,616,381 | 19,003,869 | 6,328,826 | ||
| 3 | Interest expenses and similar expenses | 168 | 10,224,057 | 2,447,373 | 13,190,751 | 3,115,725 | ||
| 4 | Exchange rate differences and other expenses | 169 | 12,866,136 | 2,165,189 | 11,172,076 | 5,177,840 | ||
| 5 | Unrealised losses (expenses) from financial assets | 170 | 0 | 0 | 0 | 0 | ||
| 6 | Value adjustments of financial assets (net) | 171 | 0 | 0 | 0 | 0 | ||
| 7 | Other financial expenses | 172 | 0 | 0 | 0 | 0 | ||
| V. | SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
173 | 49,858,593 | 20,660,654 | 38,636,278 | 8,694,315 | ||
| VI. | SHARE IN PROFIT FROM JOINT VENTURES | 174 | 0 | 0 | 0 | 0 | ||
| VII. | SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPA TING INTEREST |
175 | 0 | 0 | 0 | 0 | ||
| VIII | SHARE IN LOSS OF JOINT VENTURES | 176 | 0 | 0 | 0 | 0 | ||
| IX. | TOTAL INCOME (ADP 125+154+173 + 174) | 177 | 1,391,018,112 | 404,066,166 | 1,614,730,580 | 472,177,056 | ||
| X. | TOTAL EXPENDITURE (ADP 131+165+175 + 176) | 178 | 1,304,215,816 | 381,036,120 | 1,505,236,414 | 432,957,391 | ||
| XI. | PRE-TAX PROFIT OR LOSS (ADP 177-178) | 179 | 86,802,296 | 23,030,046 | 109,494,166 | 39,219,665 | ||
| 1 | Pre-tax profit (ADP 177-178) | 180 | 86,802,296 | 23,030,046 | 109,494,166 | 39,219,665 | ||
| 2 | Pre-tax loss (ADP 178-177) | 181 | 0 | 0 | 0 | 0 | ||
| XII. | INCOME TAX | 182 | -2,517,804 | -6,198,693 | 10,860,399 | 4,448,795 | ||
| XIII. | PROFIT OR LOSS FOR THE PERIOD (ADP 179-182) | 183 | 89,320,100 | 29,228,739 | 98,633,767 | 34,770,870 | ||
| 1 | Profit for the period (ADP 179-182) | 184 | 89,320,100 | 29,228,739 | 98,633,767 | 34,770,870 | ||
| 2 | Loss for the period (ADP 182-179) | 185 | 0 | 0 | 0 | 0 |
| Item | ADP | Same period of the previous year | Current period | ||||
|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | |||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||||
| XIV. | PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188) |
186 | 0 | 0 | 0 | 0 | |
| 1 | Pre-tax profit from discontinued operations | 187 | 0 | 0 | 0 | 0 | |
| 2 | Pre-tax loss on discontinued operations | 188 | 0 | 0 | 0 | 0 | |
| XV. | INCOME TAX OF DISCONTINUED OPERATIONS | 189 | 0 | 0 | 0 | 0 | |
| 1 | Discontinued operations profit for the period (ADP 186-189) | 190 | 0 | 0 | 0 | 0 | |
| 2 | Discontinued operations loss for the period (ADP 189-186) | 191 | 0 | 0 | 0 | 0 | |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||||
| XVI. | PRE-TAX PROFIT OR LOSS (ADP 179+186) | 192 | 0 | 0 | 0 | 0 | |
| 1 | Pre-tax profit (ADP 192) | 193 | 0 | 0 | 0 | 0 | |
| 2 | Pre-tax loss (ADP 192) | 194 | 0 | 0 | 0 | 0 | |
| XVII. | INCOME TAX (ADP 182+189) | 195 | 0 | 0 | 0 | 0 | |
| XVIII | PROFIT OR LOSS FOR THE PERIOD (ADP 192-195) | 196 | 0 | 0 | 0 | 0 | |
| 1 | Profit for the period (ADP 192-195) | 197 | 0 | 0 | 0 | 0 | |
| 2 | Loss for the period (ADP 195-192) | 198 | 0 | 0 | 0 | 0 | |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||||
| XIX. | PROFIT OR LOSS FOR THE PERIOD (ADP 200+201) | 199 | 89,320,100 | 29,228,739 | 98,633,767 | 34,770,869 | |
| 1 | Attributable to owners of the parent | 200 | 89,319,984 | 29,228,692 | 98,633,767 | 34,770,954 | |
| 2 | Attributable to minority (non-controlling) interest | 201 | 116 | 47 | 0 | -85 | |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||||
| I. | PROFIT OR LOSS FOR THE PERIOD | 202 | 89,320,100 | 29,228,739 | 98,633,767 | 34,770,870 | |
| II. | OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211) |
203 | -18,234,353 | -10,356,207 | 20,437,258 | 2,253,978 | |
| 1 | Exchange rate differences from translation of foreign operations | 204 | -18,234,353 | -10,356,207 | 20,437,258 | 2,253,978 | |
| 2 | Changes in revaluation reserves of fixed tangible and intangible assets |
205 | 0 | 0 | 0 | 0 | |
| 3 | Profit or loss arising from subsequent measurement of financial assets available for sale |
206 | 0 | 0 | 0 | 0 | |
| 4 | Profit or loss arising from effective cash flow hedging | 207 | 0 | 0 | 0 | 0 | |
| 5 | Profit or loss arising from effective hedge of a net investment in a foreign operation |
208 | 0 | 0 | 0 | 0 | |
| 6 | Share in other comprehensive income/loss of companies linked by virtue of participating interests |
209 | 0 | 0 | 0 | 0 | |
| 7 | Actuarial gains/losses on the defined benefit obligation | 210 | 0 | 0 | 0 | 0 | |
| 8 | Other changes in equity unrelated to owners | 211 | 0 | 0 | 0 | 0 | |
| III. | TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD | 212 | -3,185,588 | -1,947,457 | 2,534,487 | -595,922 | |
| IV. | NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212) | 213 | -15,048,765 | -8,408,750 | 17,902,771 | 2,849,900 | |
| V. | COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213) |
214 | 74,271,335 | 20,819,989 | 116,536,538 | 37,620,770 | |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||||
| VI. | COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217) |
215 | 74,271,335 | 20,819,989 | 116,536,538 | 37,620,770 | |
| 1 | 1 Attributable to owners of the parent | 216 | 74,271,278 | 20,819,998 | 116,536,538 | 37,620,924 | |
| 2 | 2 Attributable to minority (non-controlling) interest | 217 | 57 | -9 | 0 | -154 |
| Item | ADP code |
Same period of the previous year |
Current period |
|---|---|---|---|
| 1 | 2 | 3 | 4 |
| CASH FLOW FROM OPERATING ACTIVITIES | |||
| 1 Pre-tax profit |
001 | 86,802,296 | 109,494,166 |
| 2 Adjustments (ADP 003 to 010): |
002 | 48,172,014 | 67,677,083 |
| a) Depreciation | 003 | 90,857,983 | 109,413,108 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 299,000 | -4,858,390 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | 0 | -311,960 |
| d) Interest and dividend income | 006 | -382,404 | -440,216 |
| e) Interest expenses | 007 | 10,224,057 | 13,190,751 |
| f) Provisions | 008 | 2,991,979 | 463,953 |
| g) Exchange rate differences (unrealised) | 009 | 23,861,043 | 1,776,837 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | -79,679,644 | -51,557,000 |
| I. Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 134,974,310 | 177,171,249 |
| 3 Changes in the working capital (ADP 013 to 016) |
012 | 33,100,626 | -42,239,454 |
| a) Increase or decrease in short-term liabilities | 013 | 57,661,127 | -14,624,374 |
| b) Increase or decrease in short-term receivables | 014 | 22,351,316 | -47,890,356 |
| c) Increase or decrease in inventories | 015 | -46,911,817 | 20,275,276 |
| d) Other increase or decrease in working capital | 016 | 0 | 0 |
| II. Cash from operations (ADP 011+012) | 017 | 168,074,936 | 134,931,795 |
| 4 Interest paid |
018 | -10,816,896 | -12,277,102 |
| 5 Income tax paid |
019 | 0 | -8,380,330 |
| A NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 157,258,040 | 114,274,363 |
| CASH FLOW FROM INVESTMENT ACTIVITIES | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets |
021 | 4,804,598 | 9,840,836 |
| 2 Cash receipts from sales of financial instruments |
022 | 0 | 0 |
| 3 Interest received |
023 | 535,464 | 429,289 |
| 4 Dividends received |
024 | 54,452,290 | 40,345,999 |
| 5 Cash receipts from repayment of loans and deposits |
025 | 3,900,000 | 327,270 |
| 6 Other cash receipts from investment activities |
026 | 4,945,480 | 2,700,124 |
| III. Total cash receipts from investment activities (ADP 021 to 026) | 027 | 68,637,832 | 53,643,518 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets |
028 | -114,937,670 | -163,558,791 |
| 2 Cash payments for the acquisition of financial instruments |
029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period |
030 | 0 | -260,000 |
| 4 Acquisition of a subsidiary, net of cash acquired |
031 | -70,757,945 | -867 |
| 5 Other cash payments from investment activities |
032 | 0 | 0 |
| IV. Total cash payments from investment activities (ADP 028 to 032) | 033 | -185,695,615 | -163,819,658 |
| B NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -117,057,783 | -110,176,140 |
| Item | ADP code |
Same period of the previous year |
Current period | |
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| CASH FLOW FROM FINANCING ACTIVITIES | ||||
| 1 | Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 |
| 2 | Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 0 |
| 3 | Cash receipts from credit principals, loans and other borrowings | 037 | 224,500,395 | 174,933,768 |
| 4 | Other cash receipts from financing activities | 038 | 0 | 0 |
| V. Total cash receipts from financing activities (ADP 035 to 038) | 039 | 224,500,395 | 174,933,768 | |
| 1 | Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -185,305,675 | -135,247,250 |
| 2 | Cash payments for dividends | 041 | -41,342,450 | -51,675,903 |
| 3 | Cash payments for finance lease | 042 | -603,767 | -760,064 |
| 4 | Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital |
043 | -11,553,873 | -904,660 |
| 5 | Other cash payments from financing activities | 044 | 0 | 0 |
| VI. Total cash payments from financing activities (ADP 040 to 044) | 045 | -238,805,765 | -188,587,877 | |
| C | NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -14,305,370 | -13,654,109 |
| 1 | Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 221,132 | 290,243 |
| D NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 26,116,019 | -9,265,643 | |
| E | CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 10,222,103 | 36,338,122 |
| F | CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 36,338,122 | 27,072,479 |
| Attributable to owners of the parent | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code | Initial (subscribed) capital |
Capital reserves |
Legal reserves |
Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves |
Other reserves |
Revaluation reserves |
Fair value of financial as sets available for sale |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - effective portion |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attribut- able to owners of the parent |
Minority (non con trolling) interest |
Total capital and reserves |
|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) | |
| PREVIOUS PERIOD | ||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 419,958,400 192,108,521 | 6,135,540 | 3,319,612 | 3,319,612 | 125,369 | -17,963,345 | -1,003,313 | 0 | 0 | 0 | 80,220,651 | 70,206,243 | 749,788,066 | 23 | 749,788,089 | ||
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -159,578 | 0 | -159,578 | 0 | -159,578 | |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) |
04 | 419,958,400 192,108,521 | 6,135,540 | 3,319,612 | 3,319,612 | 125,369 | -17,963,345 | -1,003,313 | 0 | 0 | 0 | 80,061,073 | 70,206,243 | 749,628,488 | 23 | 749,628,511 | ||
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,319,984 | 89,319,984 | 116 | 89,320,100 | |
| 6 Exchange rate differences from translation of foreign operations |
06 | 0 | 0 | 0 | 0 | 0 | 0 | -2,306,392 | 0 | 0 | 0 | 0 | 0 | 0 | -2,306,392 | -19 | -2,306,411 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets |
07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,568,093 | 0 | 0 | 0 | 9,568,093 | 0 | 0 | 0 | 0 | |
| 8 Profit or loss arising from subsequent measurement of financial assets available for sale |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10 Profit or loss arising from effective hedge of a net invest ment in a foreign operation |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,927,857 | 0 | 0 | 0 | 0 | 0 | -15,927,857 | -68 | -15,927,925 | |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,185,571 | 0 | 0 | 0 | 0 | 0 | 3,185,571 | 0 | 3,185,571 | |
| 15 | Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit |
16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | 0 | 11,553,873 | 11,553,873 | 0 | -11,553,873 | 0 | 0 | 0 | 0 | 0 | 0 | -11,553,873 | 0 | -11,553,873 | |
| 19 Payment of share in profit/dividend | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,342,450 | -41,342,450 | 0 | -41,342,450 | |
| 20 Other distribution to owners | 20 | 0 | 201,105 | 904,539 | 7,250,518 | -2,749,482 | 0 | -7,250,518 | 10,196,637 | 0 | 0 | 0 | -904,539 | 0 | 13,147,224 | 0 | 13,147,224 | |
| 21 Transfer to reserves according to the annual schedule | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,863,793 | -28,863,793 | 0 | 0 | 0 | |
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 23 Balance on the last day of the previous business year reporting period (04 to 22) |
23 | 419,958,400 192,309,626 | 7,040,079 | 22,124,003 | 12,124,003 | 125,369 | -39,074,128 | -13,117,055 | 0 | 0 | 0 | 117,588,420 | 89,319,984 | 784,150,695 | 52 | 784,150,747 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | ||||||||||||||||||
| I. OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14) |
24 | 0 | 0 | 0 | 0 | 0 | 0 | -2,306,392 | -22,310,379 | 0 | 0 | 0 | 9,568,093 | 0 | -15,048,678 | -87 | -15,048,765 | |
| II. COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+24) |
25 | 0 | 0 | 0 | 0 | 0 | 0 | -2,306,392 | -22,310,379 | 0 | 0 | 0 | 9,568,093 | 89,319,984 | 74,271,306 | 29 | 74,271,335 | |
| III. TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERI OD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 22) |
26 | 0 | 201,105 | 904,539 | 18,804,391 | 8,804,391 | 0 | -18,804,391 | 10,196,637 | 0 | 0 | 0 | 27,959,254 | -70,206,243 | -39,749,099 | 0 | -39,749,099 |
| Attributable to owners of the parent | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code | Initial (subscribed) capital |
Capital reserves |
Legal reserves |
Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory | reserves Other reserves Revaluation | reserves | Fair value of financial as sets available for sale |
Cash flow hedge - effec tive portion |
Hedge of a net investment in a foreign operation - effective portion |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attribut- able to owners of the parent |
Minority (non con trolling) interest |
Total capital and reserves |
|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) | |
| CURRENT PERIOD | ||||||||||||||||||
| 1 Balance on the first day of the current business year | 27 | 419,958,400 192,309,626 | 7,040,079 | 22,124,003 | 12,124,003 | 125,369 | -39,074,128 | -13,117,054 | 0 | 0 | 0 | 117,588,420 | 89,319,984 | 784,150,696 | 52 | 784,150,748 | ||
| 2 Changes in accounting policies | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 3 Correction of errors | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 Balance on the first day of the current business year (restated) (ADP 27 to 29) |
30 | 419,958,400 192,309,626 | 7,040,079 | 22,124,003 | 12,124,003 | 125,369 | -39,074,128 | -13,117,054 | 0 | 0 | 0 | 117,588,420 | 89,319,984 | 784,150,696 | 52 | 784,150,748 | ||
| 5 Profit/loss of the period | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,633,767 | 98,633,767 | 0 | 98,633,767 | |
| 6 Exchange rate differences from translation of foreign operations |
32 | 0 | 0 | 0 | 0 | 0 | 0 | 7,764,821 | 0 | 0 | 0 | 0 | 0 | 0 | 7,764,821 | 0 | 7,764,821 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets |
33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,405,181 | 0 | 0 | 0 | 7,405,181 | 0 | 0 | 0 | 0 | |
| 8 Profit or loss arising from subsequent measurement of financial assets available for sale |
34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 9 Profit or loss arising from effective cash flow hedge | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10 Profit or loss arising from effective hedge of a net invest ment in a foreign operation |
36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 12 Actuarial gains/losses on the defined benefit obligation | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 13 Other changes in equity unrelated to owners | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,672,437 | 0 | 0 | 0 | 0 | 0 | 12,672,437 | 0 | 12,672,437 | |
| 14 Tax on transactions recognised directly in equity | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,534,487 | 0 | 0 | 0 | 0 | 0 | -2,534,487 | 0 | -2,534,487 | |
| 15 | Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit |
42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 18 Redemption of treasury shares/holdings | 44 | 0 | 0 | 0 | 0 | 904,660 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -904,660 | 0 | -904,660 | |
| 19 Payment of share in profit/dividend | 45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51,675,903 | 0 | -51,675,903 | 0 | -51,675,903 | |
| 20 Other distribution to owners | 46 | 0 | 84,840 | -916,628 | -1,233,540 | -1,233,540 | 0 | 51,913,675 | 6,109,181 | 0 | 0 | 0 | -50,841,608 | 0 | 6,349,460 | -52 | 6,349,408 | |
| 21 Transfer to reserves according to the annual schedule | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,319,984 | -89,319,984 | 0 | 0 | 0 | |
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 23 23 Balance on the last day of the current business year reporting period (ADP 30 to 48) |
49 | 419,958,400 192,394,466 | 6,123,451 | 20,890,463 | 11,795,123 | 125,369 | 20,604,368 | -4,275,104 | 0 | 0 | 0 | 111,796,074 | 98,633,767 | 854,456,131 | 0 | 854,456,131 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | ||||||||||||||||||
| I. I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 32 to 40) |
50 | 0 | 0 | 0 | 0 | 0 | 0 | 7,764,821 | 2,732,769 | 0 | 0 | 0 | 7,405,181 | 0 | 17,902,771 | 0 | 17,902,771 | |
| II. COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) |
51 | 0 | 0 | 0 | 0 | 0 | 0 | 7,764,821 | 2,732,769 | 0 | 0 | 0 | 7,405,181 | 98,633,767 | 116,536,538 | 0 | 116,536,538 | |
| III. | TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48) |
52 | 0 | 84,840 | -916,628 | -1,233,540 | -328,880 | 0 | 51,913,675 | 6,109,181 | 0 | 0 | 0 | -13,197,527 | -89,319,984 | -46,231,103 | -52 | -46,231,155 |
| Name of the issuer: | AD PLASTIK d.d. |
|---|---|
| Personal identification number (OIB): | 48351740621 |
| Reporting period: | 1. 1. 2019 - 31. 12. 2019 |
Notes to financial statements for quarterly periods include:
| Reporting period: | 1. 1. 2019. | to | 31. 12. 2019. | |
|---|---|---|---|---|
| Year: | 2019 | Quarter: 4. |
||
| Quarterly financial statements | ||||
| Registration number (MB): | 03440494 | Issuer's home Member State code: | HR | |
| Entity's registration number (MBS): | 060007090 | |||
| Personal identification number (OIB): | 48351740621 | LEI | 549300NFX18SRZHNT751 | |
| Institution code: | 382 | |||
| Name of the issuer: | AD PLASTIK d.d. | |||
| Postcode and town: | 21210 | Solin | ||
| Street and house number: | Matoševa 8 | |||
| E-mail address: | [email protected] | |||
| Web address: | www.adplastik.hr | |||
| Number of employees (end of the reporting period): |
1659 | |||
| Consolidated report: | KN | (KN-not consolidated/KD-consolidated) | ||
| Audited: | RN | (RN-not audited/RD-audited) | ||
| Names of subsidiaries (according to IFRS): |
Registered office: | MB: | ||
| Bookkeeping firm: | No | (Yes/No) | ||
| Contact person: | Jurun Krešimir | |||
| (only name and surname of the contact person) | ||||
| Telephone: | 021/206-663 | |||
| E-mail address: | [email protected] | |||
| Audit firm: | ||||
| (name of the audit firm) | ||||
| Certified auditor: | ||||
| (name and surname) | ||||
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| ASSETS | |||||
| A | RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | |
| B | FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 911,298,220 | 990,184,060 | |
| I. | Intangible assets (ADP 004 to 009) | 003 | 84,218,717 | 83,955,641 | |
| 1 | Research and development | 004 | 51,828,927 | 52,852,633 | |
| 2 | Concessions, patents, licences, trademarks, software and other rights | 005 | 3,083,270 | 1,725,215 | |
| 3 | Goodwill | 006 | 0 | 0 | |
| 4 | Advances for the purchase of intangible assets | 007 | 0 | 0 | |
| 5 | Intangible assets in preparation | 008 | 29,035,046 | 24,452,015 | |
| 6 | Other intangible assets | 009 | 271,474 | 4,925,778 | |
| II. Tangible assets (ADP 011 to 019) | 010 | 550,148,046 | 637,426,070 | ||
| 1 | Land | 011 | 129,931,102 | 130,296,250 | |
| 2 | Buildings | 012 | 160,964,083 | 177,970,822 | |
| 3 | Plant and equipment | 013 | 152,453,932 | 211,907,075 | |
| 4 | Tools, working inventory and transportation assets | 014 | 17,014,432 | 33,133,535 | |
| 5 | Biological assets | 015 | 0 | 0 | |
| 6 | Advances for the purchase of tangible assets | 016 | 0 | 0 | |
| 7 | Tangible assets in preparation | 017 | 35,108,743 | 16,681,693 | |
| 8 | Other tangible assets | 018 | 0 | 13,715,998 | |
| 9 | Investment property | 019 | 54,675,754 | 53,720,697 | |
| III. Fixed financial assets (ADP 021 to 030) | 020 | 231,222,372 | 250,518,212 | ||
| 1 | Investments in holdings (shares) of undertakings within the group | 021 | 127,610,879 | 127,611,746 | |
| 2 | Investments in other securities of undertakings within the group | 022 | 0 | 0 | |
| 3 | Loans, deposits, etc. to undertakings within the group | 023 | 81,794,638 | 101,089,611 | |
| 4 | Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 21,755,155 | 21,755,155 | |
| 5 | Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 | |
| 6 | Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 | |
| 7 | Investments in securities | 027 | 61,700 | 61,700 | |
| 8 | Loans, deposits, etc. given | 028 | 0 | 0 | |
| 9 | Other investments accounted for using the equity method | 029 | 0 | 0 | |
| 10 Other fixed financial assets | 030 | 0 | 0 | ||
| IV. Receivables (ADP 032 to 035) | 031 | 44,680,178 | 17,594,965 | ||
| 1 | Receivables from undertakings within the group | 032 | 44,680,178 | 17,594,965 | |
| 2 | Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 | |
| 3 | Customer receivables | 034 | 0 | 0 | |
| 4 | Other receivables | 035 | 0 | 0 | |
| V. Deferred tax assets | 036 | 1,028,907 | 689,172 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| ASSETS | |||||
| C | CURRENT ASSETS (ADP 038+046+053+063) | 037 | 370,424,223 | 379,165,750 | |
| I. | Inventories (ADP 039 to 045) | 038 | 140,475,573 | 101,130,725 | |
| 1 | Raw materials and consumables | 039 | 52,092,165 | 57,548,793 | |
| 2 | Work in progress | 040 | 5,573,052 | 7,935,939 | |
| 3 | Finished goods | 041 | 14,713,586 | 13,679,255 | |
| 4 | Merchandise | 042 | 34,138,652 | 4,700,260 | |
| 5 | Advances for inventories | 043 | 33,958,118 | 17,266,478 | |
| 6 | Fixed assets held for sale | 044 | 0 | 0 | |
| 7 | Biological assets | 045 | 0 | 0 | |
| II. Receivables (ADP 047 to 052) | 046 | 213,744,360 | 269,736,678 | ||
| 1 | Receivables from undertakings within the group | 047 | 68,106,581 | 64,208,352 | |
| 2 | Receivables from companies linked by virtue of participating interests | 048 | 3,738,080 | 4,029,717 | |
| 3 | Customer receivables | 049 | 121,928,906 | 185,113,842 | |
| 4 | Receivables from employees and members of the undertaking | 050 | 135,976 | 35,994 | |
| 5 | Receivables from government and other institutions | 051 | 10,789,108 | 14,173,407 | |
| 6 | Other receivables | 052 | 9,045,709 | 2,175,366 | |
| III. Current financial assets (ADP 054 to 062) | 053 | 68,429 | 0 | ||
| 1 | Investments in holdings (shares) of undertakings within the group | 054 | 0 | 0 | |
| 2 | Investments in other securities of undertakings within the group | 055 | 0 | 0 | |
| 3 | Loans, deposits, etc. to undertakings within the group | 056 | 0 | 0 | |
| 4 | Investments in holdings (shares) of companies linked by virtue of participating interests | 057 | 0 | 0 | |
| 5 | Investment in other securities of companies linked by virtue of participating interests | 058 | 0 | 0 | |
| 6 | Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 | |
| 7 | Investments in securities | 060 | 0 | 0 | |
| 8 | Loans, deposits, etc. given | 061 | 68,429 | 0 | |
| 9 | Other financial assets | 062 | 0 | 0 | |
| IV. Cash at bank and in hand | 063 | 16,135,861 | 8,298,347 | ||
| D | PREPAID EXPENSES AND ACCRUED INCOME | 064 | 49,917,236 | 60,718,059 | |
| E | TOTAL ASSETS (ADP 001+002+037+064) | 065 | 1,331,639,679 | 1,430,067,869 | |
| F | OFF-BALANCE SHEET ITEMS | 066 | 22,566,996 | 21,549,737 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
|
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| LIABILITIES | ||||
| A | CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 733,153,246 | 771,631,393 |
| I. | Initial (subscribed) capital | 068 | 419,958,400 | 419,958,400 |
| II. Capital reserves | 069 | 191,903,518 | 191,988,358 | |
| III. Reserves from profit (ADP 071+072-073+074+075) | 070 | 18,935,291 | 69,944,305 | |
| 1 | Legal reserves | 071 | 6,128,852 | 6,128,852 |
| 2 | Reserves for treasury shares | 072 | 22,124,003 | 20,890,463 |
| 3 | Treasury shares and holdings (deductible item) | 073 | -12,124,003 | -11,795,123 |
| 4 | Statutory reserves | 074 | 0 | 0 |
| 5 | Other reserves | 075 | 2,806,439 | 54,720,113 |
| IV. Revaluation reserves | 076 | 0 | 0 | |
| V. Fair value reserves (ADP 078 to 080) | 077 | 0 | 0 | |
| 1 | Fair value of financial assets available for sale | 078 | 0 | 0 |
| 2 | Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 | Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| VI. Retained profit or loss brought forward (ADP 082-083) | 081 | 13,394,775 | 0 | |
| 1 | Retained profit | 082 | 13,394,775 | 0 |
| 2 | Loss brought forward | 083 | 0 | 0 |
| VII. Profit or loss for the business year (ADP 085-086) | 084 | 88,961,262 | 89,740,330 | |
| 1 | Profit for the business year | 085 | 88,961,262 | 89,740,330 |
| 2 | Loss for the business year | 086 | 0 | 0 |
| VIII. Minority (non-controlling) interest | 087 | 0 | 0 | |
| B | PROVISIONS (ADP 089 to 094) | 088 | 16,460,286 | 16,633,705 |
| 1 | Provisions for pensions, termination benefits and similar obligations | 089 | 4,036,467 | 2,349,050 |
| 2 | Provisions for tax liabilities | 090 | 0 | 0 |
| 3 | Provisions for ongoing legal cases | 091 | 568,022 | 608,022 |
| 4 | Provisions for renewal of natural resources | 092 | 0 | 0 |
| 5 | Provisions for warranty obligations | 093 | 0 | 0 |
| 6 | Other provisions | 094 | 11,855,797 | 13,676,633 |
| C | LONG-TERM LIABILITIES (ADP 096 to 106) | 095 | 206,327,909 | 184,183,966 |
| 1 | Liabilities to undertakings within the group | 096 | 0 | 0 |
| 2 | Liabilities for loans, deposits, etc. of undertakings within the group | 097 | 0 | 0 |
| 3 | Liabilities to companies linked by virtue of participating interests | 098 | 0 | 0 |
| 4 | Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 099 | 0 | 0 |
| 5 | Liabilities for loans, deposits etc. | 100 | 600,000 | 600,000 |
| 6 | Liabilities to banks and other financial institutions | 101 | 204,887,805 | 176,744,003 |
| 7 | Liabilities for advance payments | 102 | 0 | 0 |
| 8 | Liabilities to suppliers | 103 | 840,104 | 0 |
| 9 | Liabilities for securities | 104 | 0 | 0 |
| 10 Other long-term liabilities | 105 | 0 | 6,839,963 | |
| 11 Deferred tax liability | 106 | 0 | 0 |
| Item | ADP code |
Last day of the prece ding business year |
At the reporting date of the current period |
||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | ||
| LIABILITIES | |||||
| D | SHORT-TERM LIABILITIES (ADP 108 to 121) | 107 | 369,975,466 | 453,972,358 | |
| 1 | Liabilities to undertakings within the group | 108 | 8,951,715 | 13,741,001 | |
| 2 | Liabilities for loans, deposits, etc. of undertakings within the group | 109 | 0 | 0 | |
| 3 | Liabilities to companies linked by virtue of participating interests | 110 | 0 | 7,599 | |
| 4 | Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 111 | 0 | 0 | |
| 5 | Liabilities for loans, deposits etc. | 112 | 37,087,875 | 37,212,900 | |
| 6 | Liabilities to banks and other financial institutions | 113 | 84,112,496 | 170,930,182 | |
| 7 | Liabilities for advance payments | 114 | 59,308,950 | 21,184,158 | |
| 8 | Liabilities to suppliers | 115 | 164,042,555 | 185,199,211 | |
| 9 | Liabilities for securities | 116 | 0 | 0 | |
| 10 Liabilities to employees | 117 | 9,127,692 | 10,862,310 | ||
| 11 Taxes, contributions and similar liabilities | 118 | 7,313,327 | 7,687,328 | ||
| 12 Liabilities arising from the share in the result | 119 | 27,856 | 91,373 | ||
| 13 Liabilities arising from fixed assets held for sale | 120 | 0 | 0 | ||
| 14 Other short-term liabilities | 121 | 3,000 | 7,056,296 | ||
| E | ACCRUALS AND DEFERRED INCOME | 122 | 5,722,772 | 3,646,447 | |
| F | TOTAL – LIABILITIES (ADP 067+088+095+107+122) | 123 | 1,331,639,679 | 1,430,067,869 | |
| G | OFF-BALANCE SHEET ITEMS | 124 | 22,566,996 | 21,549,737 |
| Item | ADP | Same period of the previous year | Current period | ||||||
|---|---|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | ||||
| I. | OPERATING INCOME (ADP 126 to 130) | 125 | 944,973,948 | 252,444,422 | 1,107,960,607 | 333,284,914 | |||
| 1 | Income from sales with undertakings within the group | 126 | 62,916,092 | 18,972,503 | 52,843,207 | 11,485,369 | |||
| 2 | Income from sales (outside group) | 127 | 865,049,231 | 227,693,570 | 1,032,805,927 | 318,027,577 | |||
| 3 | Income from the use of own products, goods and services | 128 | 1,099,826 | 1,099,826 | 3,106,998 | 1,719,588 | |||
| 4 | Other operating income with undertakings within the group | 129 | 0 | -4,117,082 | 3,936,627 | 406,177 | |||
| 5 | Other operating income (outside the group) | 130 | 15,908,799 | 8,795,605 | 15,267,848 | 1,646,203 | |||
| II. | OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153) |
131 | 916,903,092 | 252,141,222 | 1,053,618,327 | 309,287,000 | |||
| 1 | Changes in inventories of work in progress and finished goods | 132 | -2,431,631 | -3,906,926 | -1,331,866 | -2,735,369 | |||
| 2 | Material costs (ADP 134 to 136) | 133 | 657,934,326 | 180,139,004 | 765,875,209 | 234,026,963 | |||
| a) Costs of raw materials and consumables | 134 | 445,140,602 | 109,760,219 | 490,249,140 | 133,785,821 | ||||
| b) Costs of goods sold | 135 | 143,103,025 | 52,407,359 | 207,899,935 | 83,394,783 | ||||
| c) Other external costs | 136 | 69,690,699 | 17,971,426 | 67,726,134 | 16,846,359 | ||||
| 3 | Staff costs (ADP 138 to 140) | 137 | 156,332,960 | 41,776,365 | 168,310,425 | 45,455,551 | |||
| a) Net salaries and wages | 138 | 96,592,499 | 25,713,380 | 105,322,042 | 28,513,316 | ||||
| b) Tax and contributions from salary costs | 139 | 37,555,785 | 10,024,544 | 40,323,928 | 10,874,778 | ||||
| c) Contributions on salaries | 140 | 22,184,676 | 6,038,441 | 22,664,455 | 6,067,457 | ||||
| 4 | Depreciation | 141 | 53,041,898 | 13,213,959 | 66,712,299 | 16,881,400 | |||
| 5 | Other costs | 142 | 42,507,861 | 15,210,351 | 45,309,391 | 9,787,685 | |||
| 6 | Value adjustments (ADP 144+145) | 143 | 0 | 0 | 0 | 0 | |||
| a) fixed assets other than financial assets | 144 | 0 | 0 | 0 | 0 | ||||
| b) current assets other than financial assets | 145 | 0 | 0 | 0 | 0 | ||||
| 7 | Provisions (ADP 147 to 152) | 146 | 4,705,393 | 4,137,371 | 2,060,836 | 2,060,836 | |||
| a) Provisions for pensions, termination benefits and similar obliga tions |
147 | 2,276,491 | 2,276,491 | 200,000 | 200,000 | ||||
| b) Provisions for tax liabilities | 148 | 0 | 0 | 0 | 0 | ||||
| c) Provisions for ongoing legal cases | 149 | 0 | -568,022 | 40,000 | 40,000 | ||||
| d) Provisions for renewal of natural resources | 150 | 0 | 0 | 0 | 0 | ||||
| e) Provisions for warranty obligations | 151 | 0 | 0 | 0 | 0 | ||||
| f) Other provisions | 152 | 2,428,902 | 2,428,902 | 1,820,836 | 1,820,836 | ||||
| 8 | Other operating expenses | 153 | 4,812,285 | 1,571,098 | 6,682,033 | 3,809,934 |
| Item | ADP | Same period of the previous year | Current period | ||||||
|---|---|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | ||||
| III. | FINANCIAL INCOME (ADP 155 to 164) | 154 | 78,468,478 | 27,963,954 | 49,526,590 | 13,666,001 | |||
| 1 | Income from investments in holdings (shares) of undertakings within the group |
155 | 0 | 0 | 0 | 0 | |||
| 2 | Income from investments in holdings (shares) of companies linked by virtue of participating interests |
156 | 54,530,605 | 13,641,298 | 40,370,133 | 10,319,133 | |||
| 3 | Income from other long-term financial investment and loans granted to undertakings within the group |
157 | 0 | 0 | 0 | 0 | |||
| 4 | Other interest income from operations with undertakings within the group |
158 | 4,002,042 | 945,592 | 4,236,431 | 1,044,768 | |||
| 5 | Exchange rate differences and other financial income from opera tions with undertakings within the group |
159 | 376,566 | 126,406 | 1,052,788 | 703,175 | |||
| 6 | Income from other long-term financial investments and loans | 160 | 5,553 | -47,915 | 5,862 | 0 | |||
| 7 | Other interest income | 161 | 49,027 | 49,027 | 6,046 | 39 | |||
| 8 | Exchange rate differences and other financial income | 162 | 7,236,652 | 981,513 | 3,543,370 | 1,286,926 | |||
| 9 | Unrealised gains (income) from financial assets | 163 | 0 | 0 | 0 | 0 | |||
| 10 Other financial income | 164 | 12,268,033 | 12,268,033 | 311,960 | 311,960 | ||||
| IV. | FINANCIAL EXPENSES (ADP 166 to 172) | 165 | 17,987,840 | 2,899,861 | 13,788,805 | 4,301,418 | |||
| 1 | Interest expenses and similar expenses with undertakings within the group |
166 | 0 | 0 | 0 | 0 | |||
| 2 | Exchange rate differences and other expenses from operations with undertakings within the group |
167 | 3,937,717 | 388,126 | 311,239 | -248,380 | |||
| 3 | Interest expenses and similar expenses | 168 | 8,892,814 | 1,695,417 | 9,118,138 | 2,151,554 | |||
| 4 | Exchange rate differences and other expenses | 169 | 5,157,309 | 816,318 | 4,359,428 | 2,398,244 | |||
| 5 | Unrealised losses (expenses) from financial assets | 170 | 0 | 0 | 0 | 0 | |||
| 6 | Value adjustments of financial assets (net) | 171 | 0 | 0 | 0 | 0 | |||
| 7 | Other financial expenses | 172 | 0 | 0 | 0 | 0 | |||
| V. | SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
173 | 0 | 0 | 0 | 0 | |||
| VI. | SHARE IN PROFIT FROM JOINT VENTURES | 174 | 0 | 0 | 0 | 0 | |||
| VII. | SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPA TING INTEREST |
175 | 0 | 0 | 0 | 0 | |||
| VIII | SHARE IN LOSS OF JOINT VENTURES | 176 | 0 | 0 | 0 | 0 | |||
| IX. | TOTAL INCOME (ADP 125+154+173 + 174) | 177 | 1,023,442,426 | 280,408,376 | 1,157,487,197 | 346,950,915 | |||
| X. | TOTAL EXPENDITURE (ADP 131+165+175 + 176) | 178 | 934,890,932 | 255,041,083 | 1,067,407,132 | 313,588,418 | |||
| XI. | PRE-TAX PROFIT OR LOSS (ADP 177-178) | 179 | 88,551,494 | 25,367,293 | 90,080,065 | 33,362,497 | |||
| 1 | Pre-tax profit (ADP 177-178) | 180 | 88,551,494 | 25,367,293 | 90,080,065 | 33,362,497 | |||
| 2 | Pre-tax loss (ADP 178-177) | 181 | 0 | 0 | 0 | 0 | |||
| XII. | INCOME TAX | 182 | -409,768 | -409,768 | 339,735 | 0 | |||
| XIII. | PROFIT OR LOSS FOR THE PERIOD (ADP 179-182) | 183 | 88,961,262 | 25,777,061 | 89,740,330 | 33,362,497 | |||
| 1 | Profit for the period (ADP 179-182) | 184 | 88,961,262 | 25,777,061 | 89,740,330 | 33,362,497 | |||
| 2 | Loss for the period (ADP 182-179) | 185 | 0 | 0 | 0 | 0 |
| Item | ADP | Same period of the previous year | Current period | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | |||||
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | ||||||||||
| XIV. | PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188) |
186 | 0 | 0 | 0 | 0 | ||||
| 1 | Pre-tax profit from discontinued operations | 187 | 0 | 0 | 0 | 0 | ||||
| 2 | Pre-tax loss on discontinued operations | 188 | 0 | 0 | 0 | 0 | ||||
| XV. | INCOME TAX OF DISCONTINUED OPERATIONS | 189 | 0 | 0 | 0 | 0 | ||||
| 1 | Discontinued operations profit for the period (ADP 186-189) | 190 | 0 | 0 | 0 | 0 | ||||
| 2 | Discontinued operations loss for the period (ADP 189-186) | 191 | 0 | 0 | 0 | 0 | ||||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | ||||||||||
| XVI. | PRE-TAX PROFIT OR LOSS (ADP 179+186) | 192 | 0 | 0 | 0 | 0 | ||||
| 1 | Pre-tax profit (ADP 192) | 193 | 0 | 0 | 0 | 0 | ||||
| 2 | Pre-tax loss (ADP 192) | 194 | 0 | 0 | 0 | 0 | ||||
| XVII. | INCOME TAX (ADP 182+189) | 195 | 0 | 0 | 0 | 0 | ||||
| XVIII | PROFIT OR LOSS FOR THE PERIOD (ADP 192-195) | 196 | 0 | 0 | 0 | 0 | ||||
| 1 | Profit for the period (ADP 192-195) | 197 | 0 | 0 | 0 | 0 | ||||
| 2 | Loss for the period (ADP 195-192) | 198 | 0 | 0 | 0 | 0 | ||||
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | ||||||||||
| XIX. | PROFIT OR LOSS FOR THE PERIOD (ADP 200+201) | 199 | 0 | 0 | 0 | 0 | ||||
| 1 | Attributable to owners of the parent | 200 | 0 | 0 | 0 | 0 | ||||
| 2 | Attributable to minority (non-controlling) interest | 201 | 0 | 0 | 0 | 0 | ||||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | ||||||||||
| I. | PROFIT OR LOSS FOR THE PERIOD | 202 | 88,961,262 | 25,777,061 | 89,740,330 | 33,362,497 | ||||
| II. | OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211) |
203 | 0 | 0 | 0 | 0 | ||||
| 1 | Exchange rate differences from translation of foreign operations | 204 | 0 | 0 | 0 | 0 | ||||
| 2 | Changes in revaluation reserves of fixed tangible and intangible assets |
205 | 0 | 0 | 0 | 0 | ||||
| 3 | Profit or loss arising from subsequent measurement of financial assets available for sale |
206 | 0 | 0 | 0 | 0 | ||||
| 4 | Profit or loss arising from effective cash flow hedging | 207 | 0 | 0 | 0 | 0 | ||||
| 5 | Profit or loss arising from effective hedge of a net investment in a foreign operation |
208 | 0 | 0 | 0 | 0 | ||||
| 6 | Share in other comprehensive income/loss of companies linked by virtue of participating interests |
209 | 0 | 0 | 0 | 0 | ||||
| 7 | Actuarial gains/losses on the defined benefit obligation | 210 | 0 | 0 | 0 | 0 | ||||
| 8 | Other changes in equity unrelated to owners | 211 | 0 | 0 | 0 | 0 | ||||
| III. | TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD | 212 | 0 | 0 | 0 | 0 | ||||
| IV. | NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212) | 213 | 0 | 0 | 0 | 0 | ||||
| V. | COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213) |
214 | 88,961,262 | 25,777,061 | 89,740,330 | 33,362,497 | ||||
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | ||||||||||
| VI. | COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217) |
215 | 0 | 0 | 0 | 0 | ||||
| 1 | 1 Attributable to owners of the parent | 216 | 0 | 0 | 0 | 0 | ||||
| 2 | 2 Attributable to minority (non-controlling) interest | 217 | 0 | 0 | 0 | 0 |
| Item | ADP code |
Same period of the previous year |
Current period |
|---|---|---|---|
| 1 | 2 | 3 | 4 |
| CASH FLOW FROM OPERATING ACTIVITIES | |||
| 1 Pre-tax profit |
001 | 88,551,494 | 90,080,065 |
| 2 Adjustments (ADP 003 to 010): |
002 | -29,451,109 | 15,095,733 |
| a) Depreciation | 003 | 53,041,898 | 66,712,299 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 372,102 | -3,184,509 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | -12,268,033 | -311,960 |
| d) Interest and dividend income | 006 | -58,587,227 | -44,618,472 |
| e) Interest expenses | 007 | 8,892,814 | 9,118,138 |
| f) Provisions | 008 | 4,364,389 | 173,419 |
| g) Exchange rate differences (unrealised) | 009 | 1,510,398 | 83,965 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | -26,777,450 | -12,877,147 |
| I. Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 59,100,385 | 105,175,798 |
| 3 Changes in the working capital (ADP 013 to 016) |
012 | 93,199,143 | -50,855,903 |
| a) Increase or decrease in short-term liabilities | 013 | 74,136,015 | -12,747,939 |
| b) Increase or decrease in short-term receivables | 014 | 83,753,210 | -77,452,812 |
| c) Increase or decrease in inventories | 015 | -64,690,082 | 39,344,848 |
| d) Other increase or decrease in working capital | 016 | 0 | 0 |
| II. Cash from operations (ADP 011+012) | 017 | 152,299,528 | 54,319,895 |
| 4 Interest paid |
018 | -9,611,434 | -8,499,307 |
| 5 Income tax paid |
019 | 0 | 0 |
| A NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 142,688,094 | 45,820,588 |
| CASH FLOW FROM INVESTMENT ACTIVITIES | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets |
021 | 3,503,668 | 6,327,870 |
| 2 Cash receipts from sales of financial instruments |
022 | 0 | 0 |
| 3 Interest received |
023 | 305,002 | 825,340 |
| 4 Dividends received |
024 | 54,452,290 | 40,345,999 |
| 5 Cash receipts from repayment of loans and deposits |
025 | 18,652,252 | 31,147,938 |
| 6 Other cash receipts from investment activities |
026 | 4,945,480 | 2,700,124 |
| III. Total cash receipts from investment activities (ADP 021 to 026) | 027 | 81,858,692 | 81,347,271 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets |
028 | -86,698,808 | -135,612,523 |
| 2 Cash payments for the acquisition of financial instruments |
029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period |
030 | 0 | -260,000 |
| 4 Acquisition of a subsidiary, net of cash acquired |
031 | -70,959,350 | -867 |
| 5 Other cash payments from investment activities |
032 | 0 | 0 |
| IV. Total cash payments from investment activities (ADP 028 to 032) | 033 | -157,658,158 | -135,873,390 |
| B NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -75,799,466 | -54,526,119 |
| Item | ADP code |
Same period of the previous year |
Current period | |
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| CASH FLOW FROM FINANCING ACTIVITIES | ||||
| 1 | Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 |
| 2 | Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 0 |
| 3 | Cash receipts from credit principals, loans and other borrowings | 037 | 154,869,892 | 148,555,163 |
| 4 | Other cash receipts from financing activities | 038 | 0 | 0 |
| V. Total cash receipts from financing activities (ADP 035 to 038) | 039 | 154,869,892 | 148,555,163 | |
| 1 | Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -155,371,473 | -94,609,477 |
| 2 | Cash payments for dividends | 041 | -41,342,450 | -51,675,903 |
| 3 | Cash payments for finance lease | 042 | -469,930 | -487,649 |
| 4 | Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital |
043 | -11,553,873 | -904,660 |
| 5 | Other cash payments from financing activities | 044 | 0 | 0 |
| VI. Total cash payments from financing activities (ADP 040 to 044) | 045 | -208,737,726 | -147,677,689 | |
| C | NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -53,867,834 | 877,474 |
| 1 | Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | -28,591 | -9,457 |
| D NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 12,992,203 | -7,837,514 | |
| E | CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 3,143,658 | 16,135,861 |
| F | CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 16,135,861 | 8,298,347 |
| Attributable to owners of the parent | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code | Initial (subscribed) capital |
Capital reserves |
Legal reserves |
Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves |
Other reserves |
Revaluation reserves |
Fair value of financial as sets available for sale |
Cash flow hedge - effec tive portion |
Hedge of a net investment in a foreign operation - effective portion |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attribut- able to owners of the parent |
Minority (non controlling) interest |
Total capital and reserves |
|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) | |
| PREVIOUS PERIOD | ||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 419,958,400 191,702,413 | 6,128,852 | 3,319,612 | 3,319,612 | 0 | 21,610,830 | 0 | 0 | 0 | 0 | 2,861,551 | 53,399,399 | 695,661,445 | 0 | 695,661,445 | ||
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,523,725 | 0 | -1,523,725 | 0 | -1,523,725 | |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) |
04 | 419,958,400 191,702,413 | 6,128,852 | 3,319,612 | 3,319,612 | 0 | 21,610,830 | 0 | 0 | 0 | 0 | 1,337,826 | 53,399,399 | 694,137,720 | 0 | 694,137,720 | ||
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,961,262 | 88,961,262 | 0 | 88,961,262 | |
| 6 Exchange rate differences from translation of foreign operations |
06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets |
07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 8 Profit or loss arising from subsequent measurement of financial assets available for sale |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10 Profit or loss arising from effective hedge of a net invest ment in a foreign operation |
10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 15 | Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit |
16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | 0 | 11,553,873 | 11,553,873 | 0 | -11,553,873 | 0 | 0 | 0 | 0 | 0 | 0 | -11,553,873 | 0 | -11,553,873 | |
| 19 Payment of share in profit/dividend | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,342,450 | -41,342,450 | 0 | -41,342,450 | |
| 20 Other distribution to owners | 20 | 0 | 201,105 | 0 | 7,250,518 | -2,749,482 | 0 | -7,250,518 | 0 | 0 | 0 | 0 | 0 | 0 | 2,950,587 | 0 | 2,950,587 | |
| 21 Transfer to reserves according to the annual schedule | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,056,949 | -12,056,949 | 0 | 0 | 0 | |
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 23 Balance on the last day of the previous business year reporting period (04 to 22) |
23 | 419,958,400 191,903,518 | 6,128,852 | 22,124,003 | 12,124,003 | 0 | 2,806,439 | 0 | 0 | 0 | 0 | 13,394,775 | 88,961,262 | 733,153,246 | 0 | 733,153,246 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | ||||||||||||||||||
| I. OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14) |
24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| II. COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+24) |
25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,961,262 | 88,961,262 | 0 | 88,961,262 | |
| III. TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERI OD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 22) |
26 | 0 | 201,105 | 0 | 18,804,391 | 8,804,391 | 0 | -18,804,391 | 0 | 0 | 0 | 0 | 12,056,949 | -53,399,399 | -49,945,736 | 0 | -49,945,736 |
| Attributable to owners of the parent | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code | Initial (subscribed) capital |
Capital reserves |
Legal reserves |
Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves |
Other reserves |
Revaluation reserves |
Fair value of financial as sets available for sale |
Cash flow hedge - effec tive portion |
Hedge of a net investment in a foreign operation - effective portion |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attribut- able to owners of the parent |
Minority (non controlling) interest |
Total capital and reserves |
|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) | |
| CURRENT PERIOD | ||||||||||||||||||
| 1 Balance on the first day of the current business year | 27 | 419,958,400 191,903,518 | 6,128,852 | 22,124,003 | 12,124,003 | 0 | 2,806,439 | 0 | 0 | 0 | 0 | 13,394,775 | 88,961,262 | 733,153,246 | 0 | 733,153,246 | ||
| 2 Changes in accounting policies | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 3 Correction of errors | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 Balance on the first day of the current business year (restated) (ADP 27 to 29) |
30 | 419,958,400 191,903,518 | 6,128,852 | 22,124,003 | 12,124,003 | 0 | 2,806,439 | 0 | 0 | 0 | 0 | 13,394,775 | 88,961,262 | 733,153,246 | 0 | 733,153,246 | ||
| 5 Profit/loss of the period | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,740,330 | 89,740,330 | 0 | 89,740,330 | |
| 6 Exchange rate differences from translation of foreign operations |
32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets |
33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 8 Profit or loss arising from subsequent measurement of financial assets available for sale |
34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 9 Profit or loss arising from effective cash flow hedge | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 10 Profit or loss arising from effective hedge of a net invest ment in a foreign operation |
36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 12 Actuarial gains/losses on the defined benefit obligation | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 13 Other changes in equity unrelated to owners | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 14 Tax on transactions recognised directly in equity | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 15 | Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit |
42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 18 Redemption of treasury shares/holdings | 44 | 0 | 0 | 0 | 904,660 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -904,660 | 0 | -904,660 | ||
| 19 Payment of share in profit/dividend | 45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51,675,903 | 0 | -51,675,903 | 0 | -51,675,903 | |
| 20 Other distribution to owners | 46 | 0 | 84,840 | 0 | -1,233,540 | -1,233,540 | 0 | 51,913,674 | 0 | 0 | 0 | 0 | -50,680,134 | 0 | 1,318,380 | 0 | 1,318,380 | |
| 21 Transfer to reserves according to the annual schedule | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,961,262 | -88,961,262 | 0 | 0 | 0 | |
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 23 23 Balance on the last day of the current business year reporting period (ADP 30 to 48) |
49 | 419,958,400 191,988,358 | 6,128,852 | 20,890,463 | 11,795,123 | 0 | 54,720,113 | 0 | 0 | 0 | 0 | 0 | 89,740,330 | 771,631,393 | 0 | 771,631,393 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | ||||||||||||||||||
| I. I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 32 to 40) |
50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| II. COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) |
51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,740,330 | 89,740,330 | 0 | 89,740,330 | |
| III. | TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48) |
52 | 0 | 84,840 | 0 | -1,233,540 | -328,880 | 0 | 51,913,674 | 0 | 0 | 0 | 0 | -13,394,775 | -88,961,262 | -51,262,183 | 0 | -51,262,183 |
| Name of the issuer: | AD PLASTIK d.d. |
|---|---|
| Personal identification number (OIB): | 48351740621 |
| Reporting period: | 1. 1. 2019 - 31. 12. 2019 |
Notes to financial statements for quarterly periods include:
Solin, February 2020
The financial statements of AD Plastik Group and the Company AD Plastik d.d. Solin are prepared in accordance with the International Financial Reporting Standards (IFRS) and the Croatian Law on Accounting.
The consolidated financial statements of AD Plastik Group and the financial statements of the Company AD Plastik d.d. for the period from January 1 to December 31 2019, give a complete and true review of the assets and liabilities, profit and loss, financial position and business activities of the issuers and companies included in the consolidation as a whole.
The management report for the period until December 31 2019, contains an accurate and true display of the development and results of the business activities of the Company with a description of the most significant risks and uncertainties to which the Company is exposed.
Marinko Došen, President of the Management Board
Katija Klepo, Member of the Management Board
Mladen Peroš, Member of the Management Board
The Company is registered at the Court Register of the Commercial Court of Split under the Registered Company Number (MBS): 060007090 Company Identification Number (OIB): 48351740621 IBAN: HR04 2340 0091 1101 5371 1, Privredna banka Zagreb d.d., Zagreb
The capital stock in the amount of HRK 419,958,400 was paid in full. AD Plastik issued a total of 4,199,584 of ordinary shares, in nominal amount of HRK 100. President of the Management Board: Marinko Došen Management Board members: Katija Klepo, Mladen Peroš President of the Supervisory Board: Dmitrij Leonidovič Drandin
Solin, February 2020 www.adplastik.hr
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