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Granolio d.d.
Earnings Release • Oct 31, 2022
2089_10-q_2022-10-31_72085c07-5266-455a-a80b-bbb47f40547c.pdf
Earnings Release
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Consolidated financial results for the nine months period ended 30 September 2022 (unaudited)
General information on Granoliod.d.
GRANOLIO d.d. ("The Company") is a joint-stock company registered with the Commercial Court of Zagreb, Croatia.The Company's tax number (OIB) is 59064993527, and its registration number (MBS) 080111595.
The Company's headquarter is located in Zagreb at Budmanijeva 5.
Subsidiaries
The Company holds 100% of the shares in Zdenačka farma d.o.o.
It has a controlling influence in the decision-making process in Zdenka mliječni proizvodi d.o.o. which is being consolidated into the Granolio Group since 2011.
Ownership in subsidiaries is presented in the organizational chart below:
The Group monitors its business operations through four business segments:
- Milling
- Dairy and cheese production
- Wholesale trade
- Other
Milling is a segment that includes the production and sale of flour. This business segment is represented exclusively in the parent company.
Dairy and cheese production (hereinafter "Dairy") includes the production and sale of cheese realized in the company Zdenka - mliječni proizvodi d.o.o. and the production and sale of milk on a dairy farm in the company Zdenačka farma d.o.o.
Wholesale is a segment that includes trade in cereals, oilseeds and raw materials for sowing represented in the company Granolio d.d.
The Other segment includes silos and warehousing services, goods reception services and the like. All of the above is represented in the parent company.
Granolio Group's financial indicators for the nine months period of 2022
| 1-9 2022 | 1-9 2021 | change | ||
|---|---|---|---|---|
| Operating income | 527.060 | 359.565 | 167.494 47% |
|
| Operating expenses | 499.990 | 354.303 | 145.686 | (41%) |
| EBIT | 27.070 | 5.262 | 21.808 | 414% |
| EBIT margin | 5% | 1% | ||
| EBITDA | 44.234 | 21.800 | 22.434 | 103% |
| EBITDA margin | 8% | 6% | ||
| Net financial result | (1.544) | (2.110) | 567 | 27% |
| Net result for the period | 25.526 | 3.152 | 22.375 | (710%) |
| Attributable to the Group | 22.169 | 1.336 | 20.833 | (1560%) |
| Non-controlling interest | 3.357 | 1.816 | 1.541 | (85%) |
In thousands of HRK
The Group's EBITDA in the nine-month period of 2022 amounts to HRK 44.2 million. The increase is mostly the result of a better result in the parent company and other companies.
The net financial result represents the difference between financial income and financial expenses and includes interest, exchange rate differences and profit from the sale of financial assets.
The increase in net assets is the result of the realized profit for the nine-month period 2022 in the amount of HRK 25,5 million.
The Group's total debt has increased due to the new loan of Zdenka – mliječni proizvodi d.o.o. with the aim of financing capital investments
| Financial indicators | In thousands of HRK | |||
|---|---|---|---|---|
| 30.9.2022 | 31.12.2021 | change | ||
| Net assets (Capital and reserves)* | 153.818 | 127.797 | 26.021 | 20% |
| Total debt | 165.267 | 141.450 | 23.817 | 17% |
| Cash and cash equivalents | 3.115 | 6.868 | (3.753) | (55%) |
| Given loans, deposits and similar** | 16.287 | 19.022 | (2.735) | (14%) |
| Net debt | 145.864 | 115.560 | 30.305 | 26% |
| Net debt/ EBITDA | 1,56 | 1,62 | ||
| EBITDA for the last 12 months | 93.599 | 71.165 |
* Net assets = capital and reserves attributable to the equity holders of the parent and to the minority interests
** Loans given, securities and deposits
Separate business results for the nine months period of 2022
| Granolio d.d. In thousands of HRK |
|||||
|---|---|---|---|---|---|
| 1-9 2022 | 1-9 2021 | change | |||
| Operating income | 327.426 | 224.121 | 103.305 | 46% | |
| Operating expenses | 309.469 | 223.320 | |||
| EBIT | 17.958 | 802 | 17.156 | (2140%) | |
| margin % | 5% | 0% | |||
| EBITDA | 23.319 | 6.320 | 16.999 | 269% | |
| margin % | 7% | 3% | |||
| Net financial result | (373) | (936) | 563 | 60% | |
| Net result | 17.584 | (134) | 17.719 | ||
| margin % | 5,4% | (0,1%) |
In the nine-month period of 2022, a more favorable operating result was achieved compared to the same period of the previous year. A better operating result was achieved in the milling and raw material segments, and in the position of other operating revenues.
The net financial result represents the difference between financial income and financial expenses, and it consists of interest, exchange rate differences and profit realized from the sale of financial assets.
| Zdenka - mliječni proizvodi d.o.o. In thousands of HRK |
||||
|---|---|---|---|---|
| 1-9 2022 | 1-9 2021 | change | ||
| Operating income | 191.947 | 129.076 | 62.871 | 49% |
| Operating expenses | 184.627 | 124.944 | ||
| EBIT | 7.320 | 4.132 | 3.189 | (77%) |
| margin % | 4% | 3% | ||
| EBITDA | 16.973 | 12.963 | 4.010 | 31% |
| margin % | 9% | 10% | ||
| Net financial result | (606) | (500) | (106) | (21%) |
| Profit tax | - | - | ||
| Net result | 6.714 | 3.632 | 3.082 | (85%) |
| margin % | 3% | 3% |
In the nine-month period of 2022, the Company generated revenues higher by 49% compared to the same period last year. The increase is the result of significantly higher sales volumes and price increases compared to the same period last year.
Zdenačka farma d.o.o. In thousands of HRK
| 1-9 2022 | 1-9 2021 | change | ||
|---|---|---|---|---|
| Operating income | 24.376 | 18.915 | 5.461 | 29% |
| Operating expenses | 22.585 | 18.586 | ||
| EBIT | 1.792 | 329 | 1.463 | 445% |
| margin % | 7% | 2% | ||
| EBITDA | 3.942 | 2.517 | 1.425 | 57% |
| margin % | 16% | 13% | ||
| Net financial result | (564) | (674) | 110 | 16% |
| Net result | 1.228 | (346) | 882 | |
| margin % | 5% | (2%) |
In the nine-month period of 2022, a more favorable net result was achieved compared to the same period of the previous year due to higher prices and sold quantities compared to the comparative period.
Employees
In the nine-month period of 2022 the Group employed 417 employees based on man-hour basis (in the six-month period of 2021: 395 employees).
Environment
Regarding the environmental protection, the Group has implemented comprehensive and systematic solutions and established environment-friendly production processes. The company has completed the construction of three photovoltaic power plants at three production locations, which will meet part of its electricity needs from environmentally friendly sources. Commissioning is expected by the end of the year.
Other
Supervisory Board has approved Granolio Group's financial statements for the nine months period 2022.
| Annex 1 | |||||
|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | |||||
| Reporting period: | 1.1.2022 | to | 30.9.2022 | ||
| Year: | 2022 | ||||
| Quarter: | 3. | ||||
| Quarterly financial statements | |||||
| Registration number (MB): | 01244272 | Issuer's home Member | State code: | Croatia | |
| Entity's registration number (MBS): |
080111595 | ||||
| Personal identification number (OIB): |
59064993527 | LEI: | 213800O3Z6ZSDBAKG321 | ||
| Institution code: |
15989 | ||||
| Name of the issuer: Granolio d.d. | |||||
| Postcode and town: | 10000 | Zagreb | |||
| Street and house number: Budmanijeva 5 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.granolio.hr | |||||
| Number of employees (end of the reporting |
445 | ||||
| Consolidated report: | KN | (KN-not consolidated/KD-consolidated) | KN | KD | |
| Audited: | RN | (RN-not audited/RD-audited) | RN | RD | |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |||
| GRANOLIO D.D. | ZAGREB | 1244272 | |||
| ZDENAČKA FARMA D.O.O. | VELIKI ZDENCI | 2095777 | |||
| ZDENKA - MLIJEČNI PROIZVODI D.O.O. | VELIKI ZDENCI | 1623982 | |||
| Yes No |
|||||
| Bookkeeping firm: | No | (Yes/No) | (name of the bookkeeping firm) | ||
| Contact person: Mirjana Kelava | (only name and surname of the contact person) | ||||
| Telephone: 01/6320-233 | |||||
| E-mail address: [email protected] | |||||
| Audit firm: BDO Croatia d.o.o. | |||||
| (name of the audit firm) | |||||
| Certified auditor: Vedrana Stipić (name and surname) |
| Submitter:Granolio d.d. | ADP | Last day of the | At the reporting date of |
|---|---|---|---|
| Item | code | preceding business year |
the current period |
| 1 | 2 | 3 | 4 |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 249.641.758 | 241.903.126 |
| I INTANGIBLE ASSETS (ADP 004 to 009) 1 Research and development |
003 004 |
4.137.083 0 |
3.393.579 0 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 4.137.083 | 3.393.579 |
| 3 Goodwill 4 Advances for the purchase of intangible assets |
006 007 |
0 0 |
0 0 |
| 5 Intangible assets in preparation | 008 | 0 | 0 |
| 6 Other intangible assets | 009 | 0 | 0 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 244.244.939 | 238.285.332 |
| 1 Land 2 Buildings |
011 012 |
14.324.219 147.925.385 |
14.324.219 142.678.154 |
| 3 Plant and equipment | 013 | 59.734.182 | 54.831.977 |
| 4 Tools, working inventory and transportation assets | 014 | 578.835 | 1.740.758 |
| 5 Biological assets | 015 | 6.798.022 | 7.004.787 |
| 6 Advances for the purchase of tangible assets 7 Tangible assets in preparation |
016 017 |
0 9.765.648 |
0 12.586.584 |
| 8 Other tangible assets | 018 | 71.649 | 71.853 |
| 9 Investment property | 019 | 5.047.000 | 5.047.000 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 1.259.736 | 224.215 |
| 1 Investments in holdings (shares) of undertakings within the group 2 Investments in other securities of undertakings within the group |
021 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 022 023 |
0 0 |
0 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of | |||
| participating interests | 024 | 0 | 0 |
| 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 8 Loans, deposits, etc. given |
027 028 |
0 223.415 |
0 223.415 |
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 |
| 10 Other fixed financial assets | 030 | 1.036.321 | 800 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 0 | 0 |
| 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 | 0 | 0 |
| V DEFERRED TAX ASSETS | 036 | 0 | 0 |
| C) CURRENT ASSETS (ADP 038+046+053+063) I INVENTORIES (ADP 039 to 045) |
037 038 |
177.937.795 47.330.855 |
249.620.506 88.600.293 |
| 1 Raw materials and consumables | 039 | 25.039.837 | 53.725.244 |
| 2 Work in progress | 040 | 2.860.924 | 1.602.867 |
| 3 Finished goods | 041 | 8.438.242 | 13.788.775 |
| 4 Merchandise 5 Advances for inventories |
042 043 |
10.991.852 0 |
19.483.407 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 104.940.036 | 141.841.131 |
| 1 Receivables from undertakings within the group | 047 | 6.322.914 | 6.163.768 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 17.230 | 0 |
| 3 Customer receivables | 049 | 85.703.973 | 124.689.930 |
| 4 Receivables from employees and members of the undertaking | 050 | 532 | 1.854 |
| 5 Receivables from government and other institutions 6 Other receivables |
051 | 8.963.567 | 4.598.828 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 052 053 |
3.931.820 18.798.778 |
6.386.751 16.063.864 |
| 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 | 10.190.819 | 6.490.819 |
| 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 | 058 | 0 | 0 |
| participating interests 6 Loans, deposits etc. to companies linked by virtue of participating |
059 | 0 | 0 |
| interests 7 Investments in securities |
060 | 149.624 | 149.624 |
| 8 Loans, deposits, etc. given | 061 | 8.458.335 | 9.423.421 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 6.868.126 | 3.115.218 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME E) TOTAL ASSETS (ADP 001+002+037+064) |
064 065 |
768.361 428.347.914 |
805.831 492.329.463 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
BALANCE SHEET balance as at 30.09.2022
in HRK
| LIABILITIES | |||
|---|---|---|---|
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 127.797.212 | 153.817.916 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.016.430 | 19.016.430 |
| II CAPITAL RESERVES | 069 | 84.195.807 | 84.195.807 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 5.958.360 | 8.067.596 |
| 1 Legal reserves | 071 | 5.158.360 | 7.267.596 |
| 2 Reserves for treasury shares | 072 | 800.000 | 800.000 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0 | 0 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 48.671.401 | 46.419.716 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income | 078 | 0 | 0 |
| (i.e. available for sale) | |||
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations | 082 | 0 | 0 |
| (consolidation) | |||
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | -103.112.677 | -58.887.686 |
| 1 Retained profit | 084 | 0 | 0 |
| 2 Loss brought forward | 085 | 103.112.677 | 58.887.686 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 43.588.269 | 22.169.268 |
| 1 Profit for the business year | 087 | 43.588.269 | 22.169.268 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 29.479.622 | 32.836.785 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 100.280.687 | 137.486.979 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 10.000.000 | 10.000.000 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 101 | 0 | 0 |
| participating interests 5 Liabilities for loans, deposits etc. |
102 | 2.000.000 | 3.000.000 |
| 6 Liabilities to banks and other financial institutions | 103 | 58.291.560 | 105.623.097 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 13.039.346 | 3.348.247 |
| 9 Liabilities for securities | 106 | 6.265.813 | 5.325.941 |
| 10 Other long-term liabilities | 107 | 0 | 0 |
| 11 Deferred tax liability | 108 | 10.683.968 | 10.189.694 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 187.907.197 | 181.277.599 |
| 1 Liabilities to undertakings within the group | 110 | 12.649.787 | 1.725.647 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 113 | 0 | 0 |
| participating interests | |||
| 5 Liabilities for loans, deposits etc. | 114 | 51.664.698 | 11.500.000 |
| 6 Liabilities to banks and other financial institutions | 115 | 9.380.291 | 27.790.734 |
| 7 Liabilities for advance payments | 116 | 802.341 | 3.134.153 |
| 8 Liabilities to suppliers | 117 | 97.117.246 | 123.555.848 |
| 9 Liabilities for securities | 118 | 3.847.593 | 2.197.593 |
| 10 Liabilities to employees | 119 | 2.483.627 | 2.820.138 |
| 11 Taxes, contributions and similar liabilities | 120 | 9.418.092 | 8.175.424 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 543.522 | 378.062 |
|---|---|---|---|
| E) ACCRUALS AND DEFERRED INCOME | 124 | 12.362.818 | 19.746.969 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 428.347.914 | 492.329.463 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
| in HRK | ||
|---|---|---|
for the period 01.01.2022 to 30.09.2022
STATEMENT OF PROFIT OR LOSS
| Submitter: Granolio d.d. | |||||
|---|---|---|---|---|---|
| Item | ADP code |
Same period of the previous year | Current period | ||
| 1 | 2 | Cumulative 3 |
Quarter 4 |
Cumulative 5 |
Quarter 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 359.565.266 | 148.175.286 | 527.059.623 | 206.147.643 |
| 1 Income from sales with undertakings within the group 2 Income from sales (outside group) |
002 003 |
0 347.355.397 |
0 143.225.196 |
0 500.001.489 |
0 196.501.889 |
| 3 Income from the use of own products, goods and services | 004 | 582.763 | 192.251 | 733.505 | 221.925 |
| 4 Other operating income with undertakings within the group 5 Other operating income (outside the group) |
005 006 |
0 11.627.106 |
0 4.757.839 |
0 26.324.629 |
0 9.423.829 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 354.303.226 | 141.751.389 | 499.989.612 | 193.897.344 |
| 1 Changes in inventories of work in progress and finished goods | 008 | -3.933.672 | 2.549.747 | -4.100.896 | 209.441 |
| 2 Material costs (ADP 010 to 012) | 009 | 302.587.696 | 120.842.723 | 431.203.244 | 167.203.582 |
| a) Costs of raw materials and consumables b) Costs of goods sold |
010 011 |
222.921.006 57.535.031 |
80.499.916 31.778.449 |
340.674.625 54.302.757 |
131.508.474 17.257.170 |
| c) Other external costs | 012 | 22.131.659 | 8.564.358 | 36.225.862 | 18.437.938 |
| 3 Staff costs (ADP 014 to 016) a) Net salaries and wages |
013 014 |
29.857.243 19.795.284 |
10.144.844 6.722.087 |
33.819.614 22.267.984 |
11.421.907 7.548.702 |
| b) Tax and contributions from salary costs | 015 | 6.341.363 | 2.161.507 | 7.425.032 | 2.500.295 |
| c) Contributions on salaries 4 Depreciation |
016 017 |
3.720.596 16.537.593 |
1.261.250 5.276.584 |
4.126.598 17.163.900 |
1.372.910 5.619.386 |
| 5 Other costs | 018 | 4.675.086 | 1.456.979 | 5.431.108 | 1.950.380 |
| 6 Value adjustments (ADP 020+021) a) fixed assets other than financial assets |
019 020 |
0 0 |
0 0 |
0 0 |
0 0 |
| b) current assets other than financial assets | 021 | 0 | 0 | 0 | 0 |
| 7 Provisions (ADP 023 to 028) a) Provisions for pensions, termination benefits and similar obligations |
022 | 0 | 0 | 0 | 0 |
| b) Provisions for tax liabilities | 023 024 |
0 0 |
0 0 |
0 0 |
0 0 |
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 |
| d) Provisions for renewal of natural resources e) Provisions for warranty obligations |
026 027 |
0 0 |
0 0 |
0 0 |
0 0 |
| f) Other provisions | 028 | 0 | 0 | 0 | 0 |
| 8 Other operating expenses III FINANCIAL INCOME (ADP 031 to 040) |
029 030 |
4.579.280 500.874 |
1.480.512 77.167 |
16.472.642 4.305.904 |
7.492.648 98.324 |
| 1 Income from investments in holdings (shares) of undertakings within the | 031 | 0 | 0 | 0 | 0 |
| group 2 Income from investments in holdings (shares) of companies linked by |
|||||
| virtue of participating interests | 032 | 0 | 0 | 0 | 0 |
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
033 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the group | 034 | 0 | 0 | 0 | 0 |
| 5 Exchange rate differences and other financial income from operations | 035 | 0 | 0 | 0 | 0 |
| with undertakings within the group 6 Income from other long-term financial investments and loans |
036 | 31.786 | 2.504 | 36.011 | 5.611 |
| 7 Other interest income | 037 | 30.530 | 16.505 | 487.426 | 92.713 |
| 8 Exchange rate differences and other financial income 9 Unrealised gains (income) from financial assets |
038 039 |
438.558 0 |
58.158 0 |
0 0 |
0 0 |
| 10 Other financial income | 040 | 0 | 0 | 3.782.467 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 2.611.174 | 813.567 | 5.849.484 | 1.576.540 |
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | 508.806 | 171.465 | 508.806 | 171.466 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
043 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 044 | 1.636.776 | 528.191 | 4.467.111 | 1.157.073 |
| 4 Exchange rate differences and other expenses 5 Unrealised losses (expenses) from financial assets |
045 046 |
420.875 0 |
113.695 0 |
669.039 0 |
84.414 0 |
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 |
| 7 Other financial expenses V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF |
048 | 44.717 | 216 | 204.528 | 163.587 |
| PARTICIPATING INTERESTS VI SHARE IN PROFIT FROM JOINT VENTURES |
049 050 |
0 0 |
0 0 |
0 0 |
0 0 |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | 0 | 0 | 0 | 0 |
| PARTICIPATING INTEREST VIII SHARE IN LOSS OF JOINT VENTURES |
052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 360.066.140 | 148.252.453 | 531.365.527 | 206.245.967 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) XI PRE-TAX PROFIT OR LOSS (ADP 053-054) |
054 055 |
356.914.400 3.151.740 |
142.564.956 5.687.497 |
505.839.096 25.526.431 |
195.473.884 10.772.083 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 3.151.740 | 5.687.497 | 25.526.431 | 10.772.083 |
| 2 Pre-tax loss (ADP 054-053) XII INCOME TAX |
057 058 |
0 0 |
0 0 |
0 0 |
0 0 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 3.151.740 | 5.687.497 | 25.526.431 | 10.772.083 |
| 1 Profit for the period (ADP 055-059) 2 Loss for the period (ADP 059-055) |
060 061 |
3.151.740 0 |
5.687.497 0 |
25.526.431 0 |
10.772.083 0 |
| 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 063-064) |
062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations 2 Pre-tax loss on discontinued operations |
063 064 |
0 0 |
0 0 |
0 0 |
0 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) 2 Discontinued operations loss for the period (ADP 065-062) |
066 | 0 | 0 | 0 | 0 |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | 067 | 0 | 0 | 0 | 0 |
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) 1 Pre-tax profit (ADP 068) |
068 069 |
0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 0 |
0 0 |
0 0 |
0 0 |
| XVII INCOME TAX (ADP 058+065) XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) |
071 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 072 073 |
0 0 |
0 0 |
0 0 |
0 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 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 076+077) |
075 | 3.151.740 | 5.687.494 | 25.526.431 | 10.772.082 |
| 1 Attributable to owners of the parent | 076 | 1.335.825 | 4.608.710 | 22.169.268 | 9.065.571 |
| 2 Attributable to minority (non-controlling) interest STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) |
077 | 1.815.915 | 1.078.784 | 3.357.163 | 1.706.511 |
| I PROFIT OR LOSS FOR THE PERIOD II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX |
078 | 3.151.740 | 5.687.497 | 25.526.431 | 10.772.082 |
| (ADP 80+ 87) | 079 | 0 | 0 | 0 | 0 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at | 082 | 0 | 0 | 0 | 0 |
| fair value through other comprehensive income 3 Fair value changes of financial liabilities at fair value through statement of |
083 | 0 | 0 | 0 | 0 |
| profit or loss, attributable to changes in their credit risk | |||||
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation |
091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
097 | 0 | 0 | 0 | 0 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) |
098 | 3.151.740 | 5.687.497 | 25.526.431 | 10.772.082 |
| 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 100+101) |
099 | 3.151.740 | 5.687.494 | 25.526.431 | 10.772.082 |
| 1 Attributable to owners of the parent | 100 | 1.335.825 | 4.608.710 | 22.169.268 | 9.065.571 |
| 2 Attributable to minority (non-controlling) interest | 101 | 1.815.915 | 1.078.784 | 3.357.163 | 1.706.511 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2022. to 30.09.2022.
| Submitter: Granolio d.d. | in HRK | ||
|---|---|---|---|
| Item | ADP code |
Same period of the previous year |
Current period |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities 1 Pre-tax profit |
|||
| 2 Adjustments (ADP 003 to 010): | 001 002 |
3.151.740 17.587.565 |
25.526.431 15.766.150 |
| a) Depreciation | 003 | 16.537.592 | 17.163.380 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
004 | 1.179.250 | 1.517.072 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | 0 | -3.782.467 |
| d) Interest and dividend income | 006 | 23.233 | -40.684 |
| e) Interest expenses | 007 | 2.145.582 | 4.947.066 |
| f) Provisions | 008 | 0 | 0 |
| g) Exchange rate differences (unrealised) | 009 | 0 | 0 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses |
010 | -2.298.092 | -4.038.217 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 20.739.305 | 41.292.581 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -5.819.081 | -70.570.077 |
| a) Increase or decrease in short-term liabilities | 013 | 23.401.756 | 7.265.139 |
| b) Increase or decrease in short-term receivables | 014 | -24.328.293 | -37.101.002 |
| c) Increase or decrease in inventories | 015 | -4.892.544 | -40.734.214 |
| d) Other increase or decrease in working capital II Cash from operations (ADP 011+012) |
016 017 |
0 14.920.224 |
0 -29.277.496 |
| 4 Interest paid | 018 | -2.102.978 | -5.053.753 |
| 5 Income tax paid | 019 | 0 | 0 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 12.817.246 | -34.331.249 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 0 | 0 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 4.817.988 |
| 3 Interest received | 023 | 163.691 | 43.563 |
| 4 Dividends received | 024 | 0 | 0 |
| 5 Cash receipts from repayment of loans and deposits | 025 | 5.220.800 | 3.724.255 |
| 6 Other cash receipts from investment activities | 026 | 0 | 10.659 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 5.384.491 | 8.596.465 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -38.046.365 | -9.519.447 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period | 030 | -2.540.000 | -1.000.000 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0 | 0 |
| 5 Other cash payments from investment activities IV Total cash payments from investment activities (ADP 028 to 032) |
032 033 |
0 -40.586.365 |
0 -10.519.447 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -35.201.874 | -1.922.982 |
| 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 | 46.377.539 | 90.151.621 |
| 4 Other cash receipts from financing activities | 038 | 0 | 8.513.912 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 46.377.539 | 98.665.533 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -24.761.541 | -63.047.191 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -684.661 | -599.038 |
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital |
043 | 0 | 0 |
| 5 Other cash payments from financing activities | 044 | -2.495.442 | -2.589.872 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -27.941.644 | -66.236.101 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 18.435.895 | 32.429.432 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 0 | 71.890 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | -3.948.733 | -3.752.909 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 7.541.445 | 6.868.126 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 3.592.712 | 3.115.217 |
STATEMENT OF CHANGES IN EQUITY
for the period from
| for the period from 1.1.2022 to |
30.9.2022 | in HRK | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code |
Initial (subscribed) capital |
Capital reserves | Legal reserves | Reserves for treasury shares |
Treasury shares and holdings Statutory reserves Other reserves (deductible item) |
Revaluation reserves |
Attributable to owners of the parent Fair value of financial assets through other comprehensive income (available |
Hedge of a net Cash flow hedge - investment in a effective portion foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
Minority (non controlling) interest |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 8 |
9 10 |
for sale) 11 |
12 13 |
14 | 15 | 16 | 17 | 18 (3 to 6 - 7 | 19 | 20 (18+19) |
| Previous period | + 8 to 17) | |||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 19.016.430 | 84.195.807 | 3.496.923 | 800.000 | 0 0 |
0 51.673.648 |
0 0 |
0 0 |
0 | -140.003.649 | 35.550.162 | 54.729.321 | 28.852.416 | 83.581.737 | |
| 2 Changes in accounting policies 3 Correction of errors |
02 03 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
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 | 04 | 19.016.430 | 84.195.807 | 3.496.923 | 800.000 | 0 0 |
0 51.673.648 |
0 0 |
0 0 |
0 | -140.003.649 | 35.550.162 | 54.729.321 | 28.852.416 | 83.581.737 | |
| 03) 5 Profit/loss of the period |
05 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 | 1.335.825 | 1.335.825 | 1.815.915 | 3.151.740 | |
| 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 -2.251.685 |
0 0 |
0 | 2.251.685 | 0 | 0 | 0 | 0 | ||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | ||||||||||||||||
| through other comprehensive income (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 investment in a foreign operation |
10 | 0 | 0 | 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 | 11 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| participating interests 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 | 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 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 494.274 | 0 | 494.274 | 0 | 494.274 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
15 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | ||||||||||||||||
| procedure | 16 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | 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 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 19 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
20 21 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 1.661.437 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 33.888.725 | -35.550.162 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure 24 Balance on the last day of the previous business year reporting period |
23 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| (ADP 04 to 23) | 24 | 19.016.430 | 84.195.807 | 5.158.360 | 800.000 | 0 0 |
0 49.421.963 |
0 0 |
0 0 |
0 | -103.368.965 | 1.335.825 | 56.559.420 | 30.668.331 | 87.227.751 | |
| 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) |
25 | 0 | 0 | 0 | 0 | 0 0 |
0 -2.251.685 |
0 0 |
0 0 |
0 | 2.745.959 | 0 | 494.274 | 0 | 494.274 | |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP | ||||||||||||||||
| 05+25) | 26 | 0 | 0 | 0 | 0 | 0 0 |
0 -2.251.685 |
0 0 |
0 0 |
0 | 2.745.959 | 1.335.825 | 1.830.099 | 1.815.915 | 3.646.014 | |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED | 27 | 0 | 0 | 1.661.437 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 33.888.725 | -35.550.162 | 0 | 0 | 0 |
| DIRECTLY IN EQUITY (ADP 15 to 23) Current period |
||||||||||||||||
| 1 Balance on the first day of the current business year | 28 | 19.016.430 | 84.195.807 | 5.158.360 | 800.000 | 0 0 |
0 48.671.401 |
0 0 |
0 0 |
0 | -103.112.677 | 43.588.269 | 98.317.590 | 29.479.622 | 127.797.212 | |
| 2 Changes in accounting policies | 29 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors 4 Balance on the first day of the current business year (restated) (AOP 28 to |
30 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 |
| 30) | 31 | 19.016.430 | 84.195.807 | 5.158.360 | 800.000 | 0 0 |
0 48.671.401 |
0 0 |
0 0 |
0 | -103.112.677 | 43.588.269 | 98.317.590 | 29.479.622 | 127.797.212 | |
| 5 Profit/loss of the period 6 Exchange rate differences from translation of foreign operations |
32 33 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
22.169.267 0 |
22.169.267 0 |
3.357.163 0 |
25.526.430 0 |
|
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 0 |
0 -2.251.685 |
0 0 |
0 | 2.251.685 | 0 | 0 | 0 | 0 | ||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | ||||||||||||||||
| through other comprehensive income (available for sale) | 35 | 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 | 36 | 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 investment in a foreign operation |
37 | 0 | 0 | 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 | 0 | |||||||||||||||
| participating interests | 0 | 0 | 0 0 |
0 0 |
||||||||||||
| 38 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | ||||||
| 12 Actuarial gains/losses on the defined benefit obligation 13 Other changes in equity unrelated to owners |
39 40 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 | |
| 14 Tax on transactions recognised directly in equity | 41 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 494.274 | 0 | 494.274 | 0 | |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
42 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 43 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | |
| procedure | ||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | |
| 18 Redemption of treasury shares/holdings 19 Payments from members/shareholders |
45 46 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
|
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | |
| 21 Other distributions and payments to members/shareholders 22 Carryforward per annual plane |
48 49 |
0 0 |
0 0 |
0 2.109.236 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 41.479.018 |
0 -43.588.254 |
0 0 |
0 0 |
|
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | |
| 24 Balance on the last day of the current business year reporting period (ADP | 51 | 19.016.430 | 84.195.807 | 7.267.596 | 800.000 | 0 0 |
0 46.419.716 |
0 0 |
0 0 |
0 | -58.887.700 | 22.169.282 | 120.981.131 | 32.836.785 | ||
| 31 to 50) 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 FOR THE CURRENT PERIOD, NET OF | ||||||||||||||||
| TAX (ADP 33 to 41) | 52 | 0 | 0 | 0 | 0 | 0 0 |
0 -2.251.685 |
0 0 |
0 0 |
0 | 2.745.959 | 0 | 494.274 | 0 | ||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) |
53 | 0 | 0 | 0 | 0 | 0 0 |
0 -2.251.685 |
0 0 |
0 0 |
0 | 2.745.959 | 22.169.267 | 22.663.541 | 3.357.163 | 0 494.274 0 0 0 0 0 0 0 0 0 153.817.916 494.274 26.020.704 |
| Total capital and reserves |
|
|---|---|
NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)
Name of the issuer: GRANOLIO d.d
Personal identification number (OIB): 59064993527
Reporting period: 01.01.2022.-30.09.2022.
The notes to the financial statements are attached to the published documentation.
Notes to the consolidated report for the nine months period ended
30 September 2022
1. The company that is the subject of reporting
GRANOLIO d.d. ("The Company") is a joint-stock company registered with the Commercial Court of Zagreb, Croatia. The Company's tax number (OIB) is 59064993527, and its registration number (MBS) 080111595. The Company's headquarter is located in Zagreb at Budmanijeva 5. The Company has General Assembly, Supervisory Board and Management Board.
2. Basis of preparation of financial statements and significant accounting policies
The same accounting policies are applied when preparing the financial statements for previous periods as in the last quarterly financial report.
3. Financial liabilities, guarantees or contingencies not included in the balance sheet
The Granolio Group has not given any guarantees nor is it a co-debtor to third parties in financial obligations.
4. The amount and nature of individual items of income or expense of exceptional size or occurrence
There was no revenue nor expenditure of extraordinary size or occurrence.
5. Liabilities maturing after more than five years and debts covered by valuables insurance provided by the Company
Loans and leasing liabilities HRK 000
| Maturity | ||||||||
|---|---|---|---|---|---|---|---|---|
| 30 September 2022 |
30 September 2023 |
10-12 2023 |
31.12.2024 | 31.12.2025 | 31.12.2026 | from 2027 |
||
| Loans received from banks | 132.533 | 22.147 | 4.807 | 22.451 | 16.361 | 18.352 | 48.415 | |
| Loans received from third parties |
24.671 | 11.671 | 1.000 | 12.000 | - | - | - | |
| Leaising | 710 | 250 | 63 | 263 | 134 | - | - | |
| 157.914 | 34.068 | 5.870 | 34.714 | 16.495 | 18.352 | 48.415 |
Loans received from banks are secured by mortgage on asset, bills of exchange and promissory notes.
Liabilities for securities HRK 000
| Maturity | ||||||||
|---|---|---|---|---|---|---|---|---|
| 30 September 2022 |
30 September 2023 |
10-12 2023 |
31.12.2024 | 31.12.2025 | 31.12.2026 | from 2027 |
||
| Liabilities for securities | 7.524 | 2.198 | 313 | 1.253 | 1.253 | 1.253 | 1.253 | |
| 7.524 | 2.198 | 313 | 1.253 | 1.253 | 1.253 | 1.253 |
Liabilities under securities are secured by bills of exchange and promissory notes
6. Average number of employees during the business year
Average number of employees during the current period: 417 (1-9 2022: 395)
7. Capitalized salary cost during the year
The Company did not capitalize the cost of salaries in the business year.
8. Deferred taxes
| 30 September 2022 | |
|---|---|
| Balance 1 January 2022 | 10.684 |
| Decrease | (494) |
| Balance 30 Sep 2022 | 10.190 |
9. Name and registered office of each company in which the issuer, either alone or through a person acting in its own name but on behalf of the issuer, holds a participating interest, stating the amount of capital held, the amount of total capital and reserves, and profit or loss
Zdenačka farma d.o.o.,Mate Lovraka 118/b, Veliki Zdenci, OIB 35460243768
Zdenka-mliječni proizvodi d.o.o.,Trg kralja Tomislava 15, Veliki Zdenci, OIB 45651553790
| Investments as of 30 September 2022 | HRK '000 | ||
|---|---|---|---|
| Result for the | |||
| Share in Equity | Total Equity | period | |
| ZDENAČKA FARMA d.o.o. | 22.737 | 22.737 | 1.228 |
| ZDENKA -MLIJEČNI PROIZVODI d.o.o. | 32.837 | 65.674 | 6.714 |
10. Number and nominal value of shares subscribed during the business year within the authorized capital
The company had no subscription of shares.
11. Existence of any certificates of participation, convertible debentures, guarantees, options or similar securities or rights, indicating their number and the rights conferring The Group has no certificates of participation, convertible debentures, guarantees, options or the like securities or rights.
The company has no certificates.
.
12. Name, registered office and legal form of each company in which the issuer has unlimited liability The Group has no stake in companies with unlimited liability.
The company holds 100% of the company Zdenačka farma d.o.o., Veliki Zdenci, Mate Lovraka 118 / b, OIB 35460243768
13. Name and registered office of the company compiling the quarterly consolidated financial statements of the largest group of companies in which the issuer participates as a controlled member of the group
Granolio d.d., Budmanijeva 5, Zagreb.
The company is the ultimate parent and is not a controlled member of another group.
14. Name and registered office of the company compiling the annual consolidated financial statements of the smallest group of companies in which the issuer participates as a controlled member and which is also included in the group of companies referred to in point 13.
Granolio d.d., Budmanijeva 5, Zagreb.
The company is the parent company and there are no other companies in its group that have control over third companies.
15. The place where copies of the quarterly consolidated financial statements referred to in points 13 and 14 can be obtained.
The company prepares quarterly non-consolidated and consolidated financial statements which are published on the Zagreb Stock Exchange, Hanfa and the company's website www.granolio.hr.
16. Nature and business purpose of arrangements of companies not included in the balance sheet and financial impact of those arrangements on the issuer, provided that the risks or rewards of such arrangements are material and to the extent that disclosure of such risks or rewards is necessary to assess the issuer's financial condition
The Company has no material arrangements with companies that are not included in the presented unconsolidated financial statements.
17. Nature and financial impact of significant events that occurred after the balance sheet date and were not reflected in the income statement or balance sheet
There were no significant events after the balance sheet date.
18. Public statement on the impact of the Russian invasion of Ukraine on the operations of Granolio d.d.
Company Granolio d.d. (The Company) does not sell nor procure goods or services from entities in Russia, Ukraine or Belarus, i.e. there is no direct exposure to entities in these countries. Likewise, the Company has no investments in companies or joint ventures in the mentioned countries, nor does it have credit debts or other financial obligations towards companies from the mentioned areas.
The current situation in Eastern Europe affects and will affect the increase in the price of wheat, which is the basic raw material for production, but the Company will react to the increase in the price of wheat by increasing the prices of its products, thereby minimizing this risk. The company procures raw materials on the domestic market, so there is no risk of wheat shortage.
Other increases in the prices of inputs on the domestic market, such as energy products, transport services and others, will also spill over to the increase in the prices of the final product, which will not significantly affect the company's operations.
