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Ericsson Nikola Tesla d.d.
Annual Report • Apr 29, 2025
2119_10-q_2025-04-29_cb20fd77-07d7-4883-b4f9-234735017b07.pdf
Annual Report
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Ericsson Nikola Tesla d.d. Krapinska 45 10000 Zagreb
SECURITY: ERNT (ISIN: HRERNTRA0000) LEI: 5299001W91BFWSUOVD63 HOME MEMBER STATE: Republic of Croatia REGULATED MARKET SEGMENT: Regular Market of the Zagreb Stock Exchange
Ericsson Nikola Tesla Group
Zagreb, April 29, 2025
Management Report on the Company and Ericsson Nikola Tesla Group business performance with comments on the financial results for Q1 2025
Highlights:
- Sales revenue: EUR 54.2 million
- Gross margin: 15.3%
- Operating profit: EUR 6.8 million
- Profit before tax: EUR 7.1 million
- Net profit: EUR 5.8 million
- Cash flow from operating activities: EUR 4.4 million
Gordana Kovačević, President of Ericsson Nikola Tesla's Management Board, commented:
"In Q1 2025, the total sales revenue amounted to EUR 54.2 million, up by 4.2% year-over-year, with growth recorded in all market segments. The quarter was marked by the signing of new contracts with our long-term partners in Croatia and export markets. In the domestic market, we have continued with the implementation of advanced technology solutions in the telecom networks of the leading operators. In the Digital Society segment, we have continued quality cooperation on contract execution with many ministries and public administration bodies in the Republic of Croatia. We would like to highlight the continuation of cooperation with the Ministry of the Interior of the Republic of Croatia regarding border control by signing a contract related to the service and maintenance of stationary systems. We have also expected to sign the contracts for significant projects co-financed by the EU funds, for which it was decided that Ericsson Nikola Tesla will be the supplier; however, they have not yet been signed, which presents a challenge in terms of implementation.
In export markets, with the operator HT Mostar we have contracted the software management services for the entire installed base of Ericsson solutions for the period until 2027, a new expansion of the radio access network, and the implementation of access control and quality of service for the introduction of VoLTE functionality. With BH Telecom, a three-year contract was signed regarding microwave systems (Mini Link).
In Kosovo, with the operator IPKO, we have contracted the maintenance of IPKO's mobile network until the end of 2026. With the operator Telekom Kosova, we have continued successful cooperation on the mobile network modernization.
Furthermore, in cooperation with the operator Crnogorski Telekom testing of advanced 5G+ technology in 26 GHz band (known as mmWave) was successfully performed.
When it comes to research and development(R&D) and the delivery of services to Ericsson, we have been continuously achieving quality results. Our R&D Center continues to grow in the development of the state-of-the-art solutions for Radio Access Networks (RAN), utilizing the opportunity to additionally position itself in this field during 2025. The strategic focus of R&D is to build organizational E2E software development capability and to position Ericsson Nikola Tesla as the supplier that is highly performing and E2E capable to deliver such solutions in the most complex areas of mobile technology (Network segment). Moreover, Ericsson Nikola Tesla's R&D Center is continuously among the best rated R&D Centers, and during the regular evaluations that Ericsson corporation conducts four times a year, R&D Center achieved a high score of 91.6%.
In terms of financial indicators, gross profit amounted to EUR 8.3 million, down by 5% year-over-year, as a result of business mix, higher cost related to materials and employees, and activities focused on business optimization. Gross margin was 15.3% (Q1 2024: 16.8%). Operating profit amounted to EUR 6.8 million, down by 7.8% year-over-year as a result of lower gross profit and increased selling and administrative expenses. Operating margin amounted to 12.6% (Q1 2024: 14.2%). We concluded the end of Q1 with a solid balance sheet and an equity ratio of 41.7%. Cash and cash equivalents, including the short-term financial assets, amounted to EUR 65.0 million, which accounts for 36.7% of the total assets. A positive cash flow from operating activities was achieved in the amount of EUR 4.4 million (Q1 2024: EUR 1.1 million).
We have continued excellent cooperation with the academic community and to the students of Faculty of Electrical Engineering and Computing (FER) we presented activities of the Radio Department of our R&D Center, and additionally, in our 5G laboratory we demonstrated concrete examples of how 5G network works. As part of the Workshop on Embedded Systems (WES), organized for the ninth year in a row by FER and the student association EESTEC LC Zagreb, our experts held a lecture about software development for mobile networks worldwide, and a similar lecture was held at the Zagreb University of Applied Sciences (TVZ). With this approach, the company highlights its openness towards knowledge sharing and direct attraction of talents, while the students receive firsthand information about what it is like to work in our company and the ICT sector.
The uncertain geopolitical and macroeconomic environment that we have been witnessing requires that we are additionally careful and responsible. Therefore, we have been continuously monitoring changes in the markets where
we operate, while remaining focused on the areas we can act on: quality deliveries to our customers and maintaining competitiveness in the market thanks to our technology leadership. Furthermore, we are also working on the application of artificial intelligence in creating new solutions for customers, as well as increasing the efficiency of our business processes.
Our wanted position remains unchanged: in the Telecom segment to keep the leading position in the markets where we operate, in the Digital Society segment to be the partner of choice in the selected strategic areas, in research and development to remain one of the best positioned R&D Centers in Ericsson's global R&D organization, and in the ICT services segment to strengthen the position of extremely competent and competitive center that provides quality technical, innovative and consulting services. Therefore, we invest in the development of new products and services, business growth in new markets and with new customers, retention of employees while developing their competencies, and we are focused on profitability and cost efficiency."
Financial highlights for the Group:
• Sales revenue amounted to EUR 54.2 million (Q1 2024: EUR 52.0 million), up by 4.2% year-over-year.
• Sales according to business segments: Telecom amounted to EUR 13.6 million (Q1 2024: EUR 12.3 million), Digital Society amounted to EUR 3.9 million (Q1 2024: EUR 3.5 million), R&D and Services amounted to EUR 36.7 million (Q1 2024: EUR 36.1 million).
• Gross profit amounted to EUR 8.3 million (Q1 2024: EUR 8.7 million), down by 5.0 % year-over-year as a result of business mix, increased cost of materials and employees, and activities focused on business optimization. Gross margin decreased to 15.3 % (Q1 2024: 16.8%).
• Selling and administrative expenses increased by 6.1% year-over-year and amounted to EUR 3.0 million (Q1 2024: EUR 2.8 million), primarily as a result of increased costs with the aim to capture new business opportunities. The share of selling and administrative expenses in the total sales revenue was 5.6% (Q1 2024: 5.5%).
• Operating profit amounted to EUR 6.8 million (Q1 2024: EUR 7.4 million), down by 7.8 % year-over-year, as a result of lower gross profit and increased selling and administrative expenses. Operating margin was 12.6 % (Q1 2024: 14.2%).
• Gain from financial activities amounted to EUR 265 thousand (Q1 2024: EUR 468 thousand), as a result of decline in interest income due to the decrease in interest rates in the market.
• Cash flow from operating activities was EUR 4.4 million (Q1 2024: EUR 1.1 million) as a result of higher cash collection from customers.
• Profit before tax decreased by 9.9 % year-over-year and amounted to EUR 7.1 million (Q1 2024: EUR 7.8 million).
• Net profit amounted to EUR 5.8 million (Q1 2024: EUR 6.4 million), down by 9.1% year-over-year as a result of lower operating profit. Return on sales (ROS) was 10.7% (Q1 2024: 12.3%).
• Working capital efficiency, expressed in Working Capital Days (WCD), was 39 days (Q1 2024: 33 days). WCD continues to be affected by the demanding projects in terms of work and capital engagement, along with the previously extended dynamics of collection of receivables on all markets.
• Cash and cash equivalents, including the short-term financial assets, as at March 31, 2025, amounted to EUR 65.0 million (36.7 % of the total assets), and at the end of 2024 they amounted to EUR 63.1 million (35.1 % of the total assets).
• The Group has a solid balance sheet with the total assets of EUR 177.2 million as at March 31, 2025, down by 1.4 % compared to the end of 2024, primarily as a result of lower customer receivables. At the end Q1 2025 equity ratio was 41.7 % (end of 2024: 37.9%).
• With related parties, the transactions were as follows: sales of products and services amounted to EUR 36.1 million (Q1 2024: EUR 35.5 million), while the procurement of products and services amounted to EUR 7.7 million (Q1 2024: EUR 8.5 million).
• As at March 31, 2025, balances outstanding with related parties were as follows: receivables amounted to EUR 36.3 million (end of 2024: EUR 39.5 million), and payables amounted to EUR 8.8 million (end of 2024: EUR 16.4 million).
Business situation in major markets
In the domestic market sales revenue amounted to EUR 13.1 million (Q1 2024: EUR 11.9 million), up by 9.6% yearover-year.
With our long-term partner, Hrvatski Telekom (HT), a contract was signed for the delivery of Ericsson microwave equipment and related services, according to which ENT will be the exclusive supplier of Hrvatski Telekom for microwave equipment for the next 5 years. Additionally, activities continue on the implementation of Ericsson dualmode 5G Core for 4G/5G core network, as well as the deliveries related to the modernization and expansion of the radio part of mobile network in line with the multi-year exclusive contract. During Q1, Hrvatski Telekom successfully finalized the project of shutting down its 3G network across the entire territory of the Republic of Croatia, and continues to invest in 4G and 5G network, thereby additionally improving connectivity and user experience.
With our partner A1 Hrvatska, in line with the multi-year contracts, we have been working on the modernization of radio network, the extension of coverage and capacity of the 5G radio network, the modernization and construction of the convergent core network, and the modernization of microwave transmission systems. A1 Hrvatska has also started to gradually shut down 3G network during 2025.
In the Digital Society segment, with the Croatian Ministry of the Interior we have signed a contract in regard to border control for the service and maintenance of stationary systems. With the State Geodetic Administration, we have continued the upgrades of the Joint Information System of Land Registry and Cadaster. Furthermore, with the Ministry
of Tourism and Sports a two-year framework agreement was signed to continue the digitalization process in the tourism sector. New contracts were signed related to the implementation of the hospital information system and the integrated business information system. Moreover, contracts have been signed related to the ESG data management platform, as well as communication systems for business users. Strong focus is on the realization of contractual obligations for the maintenance of the CEZIH system Subsystem 1 software, the introduction of intelligent transport systems in the functional area of the City of Split, as well as other contracts signed in the previous period.
In export markets (excluding services to Ericsson) sales revenue amounted to EUR 4.4 million (Q1 2024: EUR 3.9 million), up by 12.5% year-over-year.
In Bosnia and Herzegovina, with the operator HT Mostar we contracted the software management services for the entire installed base of Ericsson solutions in their network for the period from 2025 to 2027, a new expansion of the radio access network, and the implementation of access control and quality of service for the introduction of VoLTE functionality. The implementation of these contracts will further modernize and expand the existing base of Ericsson solutions in the radio and packet core network of HT Mostar and enable simpler and more agile management, as well as the creation of new advanced services. With the operator BH Telecom, a three-year contract was signed in the field of mobile networks regarding microwave systems (Mini Link).
In Kosovo market, with the operator IPKO, the maintenance of its mobile network was agreed until the end of 2026, while with the operator Telekom Kosova a successful cooperation continued on the mobile network modernization.
In cooperation with the operator Crnogorski Telekom testing of the advanced 5G+ technology in 26 GHz band (known as mmWave) was successfully performed. The successful demonstration of the use of 800 MHz bandwidth at a frequency of 26 GHz in a non-standalone (NSA) 5G network shows the key role of mmWave technology in the further development of 5G, and the full implementation of this technology with advanced technological capabilities represents a prerequisite for new opportunities of economic growth in Montenegro.
In Cyprus, the activities are ongoing on the replacement and modernization of the land administration information system of the Department of Lands and Surveys of the Republic of Cyprus.
In Ericsson market sales revenue is higher 1.6% year-over-year and amounted to EUR 36.7 million (Q1 2024: EUR 36.1 million).
Our R&D Center has continued to grow in the development of the state-of-the art solutions for Radio Access Networks (RAN), utilizing the opportunity to additionally position itself in this field during 2025. In the Networks segment, the main features which R&D Center develops are connected to new Radio platforms, strategic 5G RAN software features, and new Compute platforms feature. In regard to Ericsson Business Area Cloud Software & Services (BCSS), the main new activities are connected to 5G development of User Data Management products.
Experts from the Customer Services and Solutions Center, in addition to customers of Ericsson Nikola Tesla Group, were engaged on projects for Ericsson customers through activities of creating solutions and defining network parameters, and optimization and integration of solutions and technologies in many EU Member States and other
countries, such as the United Kingdom, Switzerland, Norway, the United States of America, Canada, Australia, India, Mexico, etc. These are complex projects that, among other activities, included the introduction of 5G technology, operational and business support systems, as well as projects of introduction of core solutions in Cloud. The activities have also continued on the development and implementation of software tools for management and optimization of mobile networks which are used in network rollout by many operators worldwide, and additional responsibilities were also gained.
Quality cooperation was achieved with the company Aeris Communications on projects regarding IoT.
The teams working on activities in the field of IT& Engineering Services, in addition to providing support and achieving excellent results on test environment management projects and IT operations for Ericsson corporation, also have a key role in the processes of Ericsson Nikola Tesla Group's digital transformation.
Other information
Pursuant to the Decision on Amending the Company's Articles of Association, which was adopted at the extraordinary Annual General Meeting of Ericsson Nikola Tesla (ENT) held in November last year, on April 9 the Supervisory Board of ENT has adopted a decision to expand the Management Board and appoint the new members of ENT Management Board. Gordana Kovačević, the Company's Managing Director until now, was appointed the President of the Management Board for a term of 5 years. New members of the Management Board, appointed for a term of 4 years, are as follows: Hrvoje Benčić, Director of Customer Solutions and Services, Damir Bušić, Director of Finance, Sourcing and Commercial Management, Milan Živković, Director of Strategy and Business Development. The term of office of the appointed President and the members of the Company's Management Board begins on the day the decision is adopted.
For additional information, please contact:
| Antonija Lončar | Orhideja Gjenero | |||
|---|---|---|---|---|
| Director Marketing, Communication and CSR | Investor Relations Manager | |||
| Ericsson Nikola Tesla d.d. | Ericsson Nikola Tesla d.d. | |||
| Krapinska 45 | Krapinska 45 | |||
| HR-10 002 Zagreb | HR-10 002 Zagreb | |||
| Tel.: +385 1 365 4473 | Tel.: +385 1 365 4431 | |||
| Mob.: +385 91 365 4473 | Mob.: +385 91 365 4431 | |||
| E-mail: [email protected] | E-mail: [email protected] | |||
| E-mail: [email protected] |
For more information about Ericsson Nikola Tesla's business, please visit: www.ericssonnikolatesla.com
| Enlightening |
|---|
| New |
| Technologies |
Pursuant to the Articles 462 to 468 of the Capital Market Law (Official Gazette 65/18) the Managing Director of the joint stock company Ericsson Nikola Tesla d.d. Zagreb, Krapinska 45 gives the following:
Statement
of the Management Board responsibility
The accompanying consolidated and non-consolidated financial statements have been prepared in compliance with the International Financial Reporting Standards (IFRS). The financial statements also comply with the provisions of the Croatian Financial Accounting Law valid as of the date of these financial statements.
Unaudited financial statements for the period January 1, 2025 to March 31, 2025 present a true and fair view of the financial position of the Company and the Group and of the financial performance and cash flows in compliance with applicable accounting standards.
Gordana Kovačević, MSc, President of the Management Board
Hrvoje Benčić, member of the Management Board
Damir Bušić, member of the Management Board
Milan Živković, MSc, member of the Management Board
Ericsson Nikola Tesla d.d. Statement of comprehensive income for the period ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| EUR '000 | EUR '000 | |
| Sales revenue | 52.883 | 50.175 |
| Cost of sales | -44.801 | -41.364 |
| Gross profit | __ 8.082 |
__ 8.811 |
| Selling expenses | -1.396 | -1.297 |
| Administrative expenses | -1.504 | -1.381 |
| Other operating income | 1.515 | 1.491 |
| Impairment (loss)/gain on financial assets | 26 | - |
| Operating profit | __ 6.723 |
__ 7.624 |
| Finance income | __ 326 |
__ 484 |
| Finance expense | -103 | -119 |
| Finance income/(expense), net | __ 223 |
__ 365 |
| Profit before tax | __ 6.946 |
__ 7.989 |
| Income tax | -1.250 | -1.438 |
| Profit for the year | __ 5.696 |
__ 6.551 |
| Other comprehensive income | __ - |
__ - |
| Total comprehensive income for the year | __ 5.696 |
__ 6.551 |
| Earnings per share (EUR) | __ 4 |
__ 5 |
Ericsson Nikola Tesla d.d. Statement of financial position as at 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| EUR '000 | EUR '000 | |
| ASSETS | ||
| Non-current assets Property, plant and equipment |
14.683 | 14.769 |
| Right of use assets | 13.803 | 14.096 |
| Intangible assets | 1.410 | 1.146 |
| Investments in subsidiaries | 4 | 4 |
| Loans and receivables | 1.254 | 1.268 |
| Deferred tax assets | 2.556 | 2.556 |
| Total non-current assets | _ 33.710 _ |
_ 33.839 _ |
| Current assets | ||
| Inventories | 12.210 | 8.581 |
| Trade receivables | 21.240 | 23.606 |
| Receivables from related parties | 36.407 | 40.035 |
| Other receivables | 7.345 | 3.667 |
| Financial assets at fair value through profit or loss | 4.409 | 4.393 |
| Prepayments | 1.755 | 2.540 |
| Cash and cash equivalents | 51.961 | 49.316 |
| Total current assets | __ 135.327 |
__ 132.138 |
| TOTAL ASSETS | __ 169.037 |
__ 165.977 |
| EQUITY AND LIABILITIES | __ | __ |
| Equity | ||
| Share capital Treasury shares |
17.674 | 17.674 |
| Legal and other reserves | -1.135 2.285 |
-1.140 2.020 |
| Reserve for treasury shares | 7.408 | 7.413 |
| Retained earnings | 42.427 | 36.969 |
| Total equity | __ 68.659 |
__ 62.936 |
| Non-current liabilities | __ | __ |
| Borrowings | 15 | 15 |
| Lease liabilities | 12.288 | 12.545 |
| Other non-curent liabilities | 2 | 1 |
| Employee benefits | 1.204 __ |
1.044 __ |
| Total non-current liabilities | 13.509 __ |
13.605 __ |
| Current liabilities | ||
| Payables to related parties | 14.242 | 15.969 |
| Trade and other payables | 33.048 | 38.924 |
| Income tax payable | 2.693 | 2.110 |
| Provisions | 1.512 | 1.189 |
| Accrued charges and deferred revenue | 14.729 | 14.755 |
| Contract liabilities Lease liabilities |
18.514 | 14.475 |
| 2.131 __ |
2.014 __ |
|
| Total current liabilities | 86.869 __ |
89.436 __ |
| Total liabilities | 100.378 __ |
103.041 __ |
| TOTAL EQUITY AND LIABILITIES | 169.037 __ |
165.977 __ |
Ericsson Nikola Tesla d.d. Statement of cash flows for the period ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| EUR '000 | EUR '000 | |
| Cash flows from operating activities | ||
| Profit before tax | 6.946 | 7.989 |
| _ | _ | |
| Adjustments for: | ||
| Depreciation and amortisation | 1.224 | 1.324 |
| Impairment losses and reversals | 26 | 18 |
| (Gain)/loss on sale of property, plant and equipment | -35 | 1 |
| Net loss/(gain) on remeasurement of financial assets | -16 | -39 |
| Interest income | -304 | -428 |
| Dividend income | -4 | - |
| Interest expense | 103 | 114 |
| Foreign exchange (gain)/loss, net | -5 | -59 |
| Share-based payments | 27 | 102 |
| Changes in working capital | _ | _ |
| In receivables | 3.137 | 6.452 |
| In inventories | -3.630 | -4.281 |
| In provisions | 483 | -282 |
| In payables | -2.278 _ |
-3.362 _ |
| Cash generated from operations | 5.674 | 7.549 |
| _ | _ | |
| Interest paid | -69 | -109 |
| Income taxes paid | -665 | -345 |
| Net cash from operating activities | _ 4.940 |
_ 7.095 |
| _ | _ | |
| Cash flows from investing activities | ||
| Interest received | 281 | 375 |
| Dividends received | 4 | - |
| Proceeds from sale of property, plant and equipment | 14 | - |
| Purchases of property, plant and equipment, and intangible assets | -2.131 | -517 |
| Net cash from investing activities | _ -1.832 |
_ -142 |
| _ | _ | |
| Cash flows from financing activities | ||
| Repayment of borrowings | - | -467 |
| Purchase of treasury shares | - | -258 |
| Dividends paid | -116 | -5 |
| Payment of lease liabilities | -346 | -474 |
| _ | _ | |
| Net cash used in financing activities | -462 _ |
-1.204 _ |
| Effects of exchange rate changes on cash and cash equivalents | -1 _ |
12 _ |
| Net increase/(decrease) in cash and cash equivalents | 2.645 | 5.761 |
| Cash and cash equivalents at the beginning of the year | 49.316 | 55.568 |
| Cash and cash equivalents at the end of the year | _ 51.961 |
_ 61.329 |
| _ | _ |
Ericsson Nikola Tesla d.d. Statement of changes in equity for the period ended 31 March 2025
| Share capital | Treasury shares | Legal and other reserves |
Reserve for treasury shares |
Retained earnings |
Total | |
|---|---|---|---|---|---|---|
| EUR '000 | EUR '000 | EUR '000 | EUR '000 | EUR '000 | EUR '000 | |
| As at 1 January 2024 | 17.674 | -1.256 | 1.230 | 4.157 | 38.711 | 60.516 |
| Changes in equity for 2024 | ||||||
| Total comprehensive income | - | - | - | - | 22.470 | 22.470 |
| Dividend distribution for 2023 | - | - | - | - | -19.880 | -19.880 |
| Purchase of treasury shares | - | -628 | - | - | - | -628 |
| Shares granted | - | 744 | - | -744 | - | - |
| Transfer | - | - | 790 | 4.000 | -4.790 | - |
| Share-based payments | - | - | - | - | 458 | 458 |
| Total contributions by and distributions to owners of the parent recognized directly in equity |
- | 116 | 790 | 3.256 | -24.212 | -20.050 |
| As at 31 December 2024 | 17.674 | -1.140 | 2.020 | 7.413 | 36.969 | 62.936 |
| As at 1 January 2025 | 17.674 | -1.140 | 2.020 | 7.413 | 36.969 | 62.936 |
| Changes in equity for 2025 | ||||||
| Total comprehensive income | - | - | - | - | 5.696 | 5.696 |
| Shares granted | - | 5 | - | -5 | - | - |
| Transfer | - | - | 265 | - | -265 | - |
| Share-based payments | - | - | - | - | 27 | 27 |
| Total contributions by and distributions to owners of the parent recognized directly in equity |
- | 5 | 265 | -5 | -238 | 27 |
| As at 31 March 2025 | 17.674 | -1.135 | 2.285 | 7.408 | 42.427 | 68.659 |
| Annex 1 | |||||
|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | |||||
| Reporting period: | 1.1.2025 | to | 31.3.2025 | ||
| Year: | 2025 | ||||
| Quarter: | 1. | ||||
| Quarterly financial statements | |||||
| Registration number (MB): | 03272699 | Issuer's home Member State code: |
HR | ||
| Entity's registration number (MBS): |
0800002028 | ||||
| Personal identification number (OIB): |
84214771175 | LEI: | 5299001W91BFWSUOVD63 | ||
| Institution code: |
233 | ||||
| Name of the issuer: ERICSSON NIKOLA TESLA D.D. ZAGREB | |||||
| Postcode and town: | 10000 | Zagreb | |||
| Street and house number: Krapinska 45 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.ericsson.hr | |||||
| Number of employees (end of the reporting |
2796 | ||||
| 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: | |||
| Yes | |||||
| Bookkeeping firm: | No | (Yes/No) | No | ||
| Contact person: Tatjana Ricijaš | (name of the bookkeeping firm) | ||||
| Telephone: +385(0)13653343 | (only name and surname of the contact person) | ||||
| E-mail address: [email protected] | |||||
| Audit firm: KPMG Croatia d.o.o. | |||||
| (name of the audit firm) Certified auditor: Domagoj Hrkać |
|||||
| (name and surname) |
BALANCE SHEET balance as at 31.3.2025
| Submitter: ERICSSON NIKOLA TESLA D.D. | ADP | Last day of the | in EUR At the reporting date |
|---|---|---|---|
| Item 1 |
code 2 |
preceding business year 3 |
of the current period 4 |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 |
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 33.838.585 | 33.710.005 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 1.145.837 | 1.410.341 |
| 1 Research and development | 004 | 0 | 0 |
| 2 Concessions, patents, licences, trademarks, software and other rights |
005 | 330.556 | 299.537 |
| 3 Goodwill | 006 | 0 | 0 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 815.281 | 1.110.804 |
| 6 Other intangible assets | 009 | 0 | 0 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 28.864.623 | 28.485.516 |
| 1 Land | 011 | 2.071.185 | 2.071.185 |
| 2 Buildings | 012 | 18.344.036 | 17.908.207 |
| 3 Plant and equipment | 013 | 4.606.604 | 5.593.579 |
| 4 Tools, working inventory and transportation assets | 014 | 2.433.461 | 2.441.118 |
| 5 Biological assets | 015 | 0 | 0 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation 8 Other tangible assets 9 Investment property |
017 018 |
1.398.862 10.475 0 |
461.051 10.376 0 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) 1 Investments in holdings (shares) of undertakings within the group |
019 020 021 |
856.687 4.341 |
856.687 4.341 |
| 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 | 0 | 0 |
| 5 Investment in other securities of companies linked by virtue of participating interests 6 Loans, deposits etc. to companies linked by virtue of participating |
025 | 0 | 0 |
| interests | 026 | 0 | 0 |
| 7 Investments in securities | 027 | 0 | 0 |
| 8 Loans, deposits, etc. given | 028 | 852.346 | 852.346 |
| 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 | 415.159 | 401.182 |
| 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 | 311.925 | 299.260 |
| 4 Other receivables | 035 | 103.234 | 101.922 |
| V DEFERRED TAX ASSETS | 036 | 2.556.279 | 2.556.279 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 129.598.514 | 133.572.519 |
| I INVENTORIES (ADP 039 to 045) | 038 | 8.580.820 | 12.210.475 |
| 1 Raw materials and consumables | 039 | 4.620.206 | 5.077.498 |
| 2 Work in progress | 040 | 3.960.614 | 7.132.977 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 0 | 0 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 66.618.231 | 64.301.765 |
| 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating interests |
047 048 |
683.981 39.350.855 |
212.787 36.194.665 |
| 3 Customer receivables | 049 | 23.606.100 | 21.240.026 |
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 |
| 5 Receivables from government and other institutions | 051 | 0 | 0 |
| 6 Other receivables | 052 | 2.977.295 | 6.654.287 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 5.083.224 | 5.098.784 |
| 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 7 Investments in securities |
059 060 |
0 4.393.065 |
0 4.408.625 |
| 8 Loans, deposits, etc. given | 061 | 690.159 | 690.159 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 49.316.239 | 51.961.495 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 2.539.979 | 1.754.605 |
| E) TOTAL ASSETS (ADP 001+002+037+064) OFF-BALANCE SHEET ITEMS LIABILITIES |
065 066 |
165.977.078 0 |
169.037.129 0 |
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) |
067 | 62.936.129 | 68.658.949 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 17.674.030 | 17.674.030 |
| II CAPITAL RESERVES | 069 | 0 | 0 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.292.952 | 8.558.386 |
| 1 Legal reserves | 071 | 2.019.936 | 2.285.370 |
| 2 Reserves for treasury shares | 072 | 7.413.414 | 7.408.171 |
| 3 Treasury shares and holdings (deductible item) | 073 | -1.140.398 | -1.135.155 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 0 | 0 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) |
077 078 |
0 0 |
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 |
| 4 Other fair value reserves 5 Exchange differences arising from the translation of foreign |
081 | 0 | 0 |
| operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- | 083 | 14.499.150 | 36.730.933 |
| 085) 1 Retained profit 2 Loss brought forward |
084 085 |
14.499.150 0 |
36.730.933 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 22.469.997 | 5.695.600 |
| 1 Profit for the business year | 087 | 22.469.997 | 5.695.600 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 1.044.255 | 1.204.089 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 1.044.255 | 1.204.089 |
| 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 | 12.560.241 | 12.305.258 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 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 participating interests 5 Liabilities for loans, deposits etc. |
101 102 |
0 0 |
0 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 12.559.454 | 12.303.060 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 787 | 2.198 |
| 11 Deferred tax liability | 108 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 63.499.187 | 56.883.859 |
| 1 Liabilities to undertakings within the group 2 Liabilities for loans, deposits, etc. of undertakings within the group |
110 | 195.345 | 6.202.792 |
| 3 Liabilities to companies linked by virtue of participating interests | 111 | 0 | 0 |
| 112 | 15.774.121 | 8.039.409 | |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests 5 Liabilities for loans, deposits etc. |
113 114 |
0 0 |
0 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 2.014.266 | 2.130.450 |
| 7 Liabilities for advance payments | 116 | 3.293.044 | 3.258.191 |
| 8 Liabilities to suppliers | 117 | 14.609.633 | 10.400.387 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 17.922.871 | 16.794.067 |
| 11 Taxes, contributions and similar liabilities | 120 | 8.500.785 | 8.546.195 |
| 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 | 1.189.122 | 1.512.368 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 25.937.266 | 29.984.974 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 165.977.078 | 169.037.129 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
for the period 01.01.2025 to 31.3.2025 STATEMENT OF PROFIT OR LOSS
in EUR
| Submitter: ERICSSON NIKOLA TESLA D.D. | ADP | Same period of the previous year | Current period | |||||
|---|---|---|---|---|---|---|---|---|
| Item | code | Cumulative | Quarter | Cumulative | Quarter | |||
| 1 I OPERATING INCOME (ADP 002 to 006) |
2 001 |
3 51.665.853 |
4 51.665.853 |
5 54.423.355 |
6 54.423.355 |
|||
| 1 Income from sales with undertakings within the group 2 Income from sales (outside group) |
002 003 |
321.892 49.853.264 |
321.892 49.853.264 |
111.004 52.771.740 |
111.004 52.771.740 |
|||
| 3 Income from the use of own products, goods and services 4 Other operating income with undertakings within the group |
004 005 |
0 48.299 |
0 48.299 |
0 48.195 |
0 48.195 |
|||
| 5 Other operating income (outside the group) | 006 | 1.442.398 | 1.442.398 | 1.492.416 | 1.492.416 | |||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) 1 Changes in inventories of work in progress and finished goods |
007 | 44.041.608 | 44.041.608 | 47.700.748 | 47.700.748 | |||
| 2 Material costs (ADP 010 to 012) | 008 009 |
-4.548.054 15.848.069 |
-4.548.054 15.848.069 |
-3.091.733 15.995.480 |
-3.091.733 15.995.480 |
|||
| a) Costs of raw materials and consumables b) Costs of goods sold |
010 011 |
11.790.415 0 |
11.790.415 0 |
11.738.983 0 |
11.738.983 0 |
|||
| c) Other external costs 3 Staff costs (ADP 014 to 016) |
012 013 |
4.057.654 29.212.287 |
4.057.654 29.212.287 |
4.256.497 30.817.149 |
4.256.497 30.817.149 |
|||
| a) Net salaries and wages | 014 | 18.796.965 | 18.796.965 | 19.591.790 | 19.591.790 | |||
| b) Tax and contributions from salary costs c) Contributions on salaries |
015 016 |
7.510.966 2.904.356 |
7.510.966 2.904.356 |
7.858.202 3.367.157 |
7.858.202 3.367.157 |
|||
| 4 Depreciation 5 Other costs |
017 018 |
1.324.227 2.107.991 |
1.324.227 2.107.991 |
1.223.917 2.244.188 |
1.223.917 2.244.188 |
|||
| 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 7 Provisions (ADP 023 to 028) |
021 022 |
0 97.088 |
0 97.088 |
0 511.747 |
0 511.747 |
|||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 96.472 | 96.472 | 510.577 | 510.577 | |||
| b) Provisions for tax liabilities c) Provisions for ongoing legal cases |
024 025 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| d) Provisions for renewal of natural resources e) Provisions for warranty obligations |
026 027 |
0 616 |
0 616 |
0 1.170 |
0 1.170 |
|||
| f) Other provisions 8 Other operating expenses |
028 029 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 483.640 | 483.640 | 326.428 | 326.428 | |||
| 1 Income from investments in holdings (shares) of undertakings within the group |
031 | 0 | 0 | 0 | 0 | |||
| 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 with undertakings within the group |
035 | 0 | 0 | 0 | 0 | |||
| 6 Income from other long-term financial investments and loans 7 Other interest income |
036 037 |
0 427.708 |
0 427.708 |
0 304.216 |
0 304.216 |
|||
| 8 Exchange rate differences and other financial income | 038 | 16.793 | 16.793 | 2.648 | 2.648 | |||
| 9 Unrealised gains (income) from financial assets 10 Other financial income |
039 040 |
0 39.139 |
0 39.139 |
0 19.564 |
0 19.564 |
|||
| IV FINANCIAL EXPENSES (ADP 042 to 048) 1 Interest expenses and similar expenses with undertakings within the |
041 | 118.729 | 118.729 | 103.181 | 103.181 | |||
| group 2 Exchange rate differences and other expenses from operations with |
042 | 0 | 0 | 0 | 0 | |||
| undertakings within the group 3 Interest expenses and similar expenses |
043 044 |
0 118.729 |
0 118.729 |
0 103.181 |
0 103.181 |
|||
| 4 Exchange rate differences and other expenses 5 Unrealised losses (expenses) from financial assets |
045 | 0 | 0 | 0 | 0 | |||
| 6 Value adjustments of financial assets (net) | 046 047 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| 7 Other financial expenses V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF |
048 049 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| PARTICIPATING INTERESTS VI SHARE IN PROFIT FROM JOINT VENTURES |
050 | 0 | 0 | 0 | 0 | |||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST |
051 | 0 | 0 | 0 | 0 | |||
| VIII SHARE IN LOSS OF JOINT VENTURES IX TOTAL INCOME (ADP 001+030+049 +050) |
052 053 |
0 52.149.493 |
0 52.149.493 |
0 54.749.783 |
0 54.749.783 |
|||
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) XI PRE-TAX PROFIT OR LOSS (ADP 053-054) |
054 | 44.160.337 | 44.160.337 | 47.803.929 | 47.803.929 | |||
| 1 Pre-tax profit (ADP 053-054) | 055 056 |
7.989.156 7.989.156 |
7.989.156 7.989.156 |
6.945.854 6.945.854 |
6.945.854 6.945.854 |
|||
| 2 Pre-tax loss (ADP 054-053) XII INCOME TAX |
057 058 |
0 1.438.048 |
0 1.438.048 |
0 1.250.254 |
0 1.250.254 |
|||
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) 1 Profit for the period (ADP 055-059) |
059 060 |
6.551.108 6.551.108 |
6.551.108 6.551.108 |
5.695.600 5.695.600 |
5.695.600 5.695.600 |
|||
| 2 Loss for the period (ADP 059-055) DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) |
061 | 0 | 0 | 0 | 0 | |||
| 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) |
066 067 |
0 0 |
0 0 |
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 055-+062) |
068 | 0 | 0 | 0 | 0 | |||
| 1 Pre-tax profit (ADP 068) 2 Pre-tax loss (ADP 068) |
069 070 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 | |||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) 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) APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) |
074 | 0 | 0 | 0 | 0 | |||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) 1 Attributable to owners of the parent |
075 076 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| 2 Attributable to minority (non-controlling) interest | 077 | 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 |
078 | 6.551.108 | 6.551.108 | 5.695.600 | 5.695.600 | |||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (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 fair value through other comprehensive income |
082 | 0 | 0 | 0 | 0 | |||
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 | |||
| 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) 1 Exchange rate differences from translation of foreign operations |
087 088 |
0 0 |
0 0 |
0 0 |
0 0 |
|||
| 2 Gains or losses from subsequent measurement of debt securities at | 089 | 0 | 0 | 0 | 0 | |||
| fair value through other comprehensive income 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 8 Other items that may be reclassified to profit or loss |
094 095 |
0 0 |
0 0 |
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- | 097 | 0 | 0 | 0 | 0 | |||
| 086 - 096) VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP |
098 | 6.551.108 | 6.551.108 | 5.695.600 | 5.695.600 | |||
| 078+097) 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 | 6.551.108 | 6.551.108 | 5.695.600 | 5.695.600 | |||
| 1 Attributable to owners of the parent 2 Attributable to minority (non-controlling) interest |
100 101 |
6.551.108 0 |
6.551.108 0 |
5.695.600 0 |
5.695.600 0 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2025 to 31.3.2025
| Submitter: ERICSSON NIKOLA TESLA D.D. | in EUR | ||
|---|---|---|---|
| Item | ADP | Same period of the | Current period |
| 1 | code 2 |
previous year 3 |
4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | 7.989.156 | 6.945.854 |
| 2 Adjustments (ADP 003 to 010): a) Depreciation |
002 | 1.033.449 1.324.227 |
1.016.215 1.223.917 |
| b) Gains and losses from sale and value adjustment of fixed tangible and | 003 | ||
| intangible assets | 004 | 692 | -35.129 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | -39.139 | -15.560 |
| d) Interest and dividend income | 006 | -427.708 | -308.220 |
| e) Interest expenses | 007 | 113.545 | 103.181 |
| f) Provisions | 008 | 0 | 0 |
| g) Exchange rate differences (unrealised) h) Other adjustments for non-cash transactions and unrealised gains and |
009 | -57.528 | -5.411 |
| losses | 010 | 119.360 | 53.437 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 9.022.605 | 7.962.069 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -1.473.256 | -2.064.243 |
| a) Increase or decrease in short-term liabilities | 013 | -3.362.328 | -2.054.510 |
| b) Increase or decrease in short-term receivables | 014 | 6.451.949 | 3.136.842 |
| c) Increase or decrease in inventories | 015 | -4.280.957 | -3.629.655 |
| d) Other increase or decrease in working capital | 016 | -281.920 | 483.080 |
| II Cash from operations (ADP 011+012) 4 Interest paid |
017 018 |
7.549.349 -108.645 |
5.897.826 -103.181 |
| 5 Income tax paid | 019 | -346.116 | -665.458 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 7.094.588 | 5.129.187 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 100 | 13.638 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 374.522 | 281.643 |
| 4 Dividends received | 024 | 0 | 4.003 |
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 |
| 6 Other cash receipts from investment activities | 026 | 0 | 0 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 374.622 | 299.284 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -516.961 | -2.130.340 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period 4 Acquisition of a subsidiary, net of cash acquired |
030 031 |
0 0 |
0 0 |
| 5 Other cash payments from investment activities | 032 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -516.961 | -2.130.340 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -142.339 | -1.831.056 |
| 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 | 0 | 0 |
| 4 Other cash receipts from financing activities | 038 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 0 | 0 |
| 1 Cash payments for the repayment of credit principals, loans and other | 040 | -467.459 | 0 |
| borrowings and debt financial instruments 2 Cash payments for dividends |
041 | -5.003 | -131.861 |
| 3 Cash payments for finance lease | 042 | -472.461 | -519.600 |
| 4 Cash payments for the redemption of treasury shares and decrease in | 043 | -257.764 | 0 |
| initial (subscribed) capital | |||
| 5 Other cash payments from financing activities | 044 | 0 | 0 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -1.202.687 | -651.461 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -1.202.687 | -651.461 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 11.886 | -1.414 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | 5.761.448 | 2.645.256 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 55.567.777 | 49.316.239 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 61.329.225 | 51.961.495 |
for the period 01.01.2025 to 31.3.2025 STATEMENT OF CASH FLOWS - direct method
| Submitter: ERICSSON NIKOLA TESLA D.D. | |||
|---|---|---|---|
| Item | ADP code |
Same period of the previous year |
Current period |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Cash receipts from customers | 001 | 0 | 0 |
| 2 Cash receipts from royalties, fees, commissions and other revenue | 002 | 0 | 0 |
| 3 Cash receipts from insurance premiums | 003 | 0 | 0 |
| 4 Cash receipts from tax refund | 004 | 0 | 0 |
| 5 Other cash receipts from operating activities | 005 | 0 | 0 |
| I Total cash receipts from operating activities (ADP 001 to 005) | 006 | 0 | 0 |
| 1 Cash payments to suppliers | 007 | 0 | 0 |
| 2 Cash payments to employees | 008 | 0 | 0 |
| 3 Cash payments for insurance premiums | 009 | 0 | 0 |
| 4 Interest paid | 010 | 0 | 0 |
| 5 Income tax paid | 011 | 0 | 0 |
| 6 Other cash payments from operating activities | 0 | 0 | |
| II Total cash payments from operating activities (ADP 007 to 012) | 012 | ||
| 013 | 0 | 0 | |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 006 + 013) | 014 | 0 | 0 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 015 | 0 | 0 |
| 2 Cash receipts from sales of financial instruments | 016 | 0 | 0 |
| 3 Interest received | 017 | 0 | 0 |
| 4 Dividends received | 018 | 0 | 0 |
| 5 Cash receipts from the repayment of loans and deposits | 019 | 0 | 0 |
| 6 Other cash receipts from investment activities | 020 | 0 | 0 |
| III Total cash receipts from investment activities (ADP 015 to 020) | 021 | 0 | 0 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 022 | 0 | 0 |
| 2 Cash payments for the acquisition of financial instruments | 023 | 0 | 0 |
| 3 Cash payments for loans and deposits | 024 | 0 | 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 025 | 0 | 0 |
| 5 Other cash payments from investment activities | 026 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 022 to 026) | 027 | 0 | 0 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 021 + 027) | 028 | 0 | 0 |
| Cash flow from financing activities | |||
| 1 Cash receipts from the increase in initial (subscribed) capital | 029 | 0 | 0 |
| 2 Cash receipts the from issue of equity financial instruments and debt | |||
| financial instruments | 030 | 0 | 0 |
| 3 Cash receipts from credit principals, loans and other borrowings | 031 | 0 | 0 |
| 4 Other cash receipts from financing activities | 032 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 029 to 032) | 033 | 0 | 0 |
| 1 Cash payments for the repayment of credit principals, loans andother borrowings and debt financial instruments |
034 | 0 | 0 |
| 2 Cash payments for dividends | 035 | 0 | 0 |
| 3 Cash payments for finance lease | |||
| 4 Cash payments for the redemption of treasury shares and decrease in | 036 | 0 | 0 |
| initial (subscribed) capital | 037 | 0 | 0 |
| 5 Other cash payments from financing activities | 038 | 0 | 0 |
| VI Total cash payments from financing activities (ADP 034 to 038) | 039 | 0 | 0 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 033 +039) | 040 | 0 | 0 |
| 1 Unrealised exchange rate differences in respect of cash and cash | 041 | 0 | 0 |
| equivalents D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 014 + 028 + |
042 | 0 | 0 |
| 040 + 041) E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE |
|||
| PERIOD | 043 | 0 | 0 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (042+043) |
044 | 0 | 0 |
in EUR
| Attributable to owners of the parent Fair value of Minority (non financial assets Hedge of a net Exchange rate ADP Total capital and Treasury shares Retained profit / Total attributable to Item controlling) Initial (subscribed) Reserves for Revaluation through other Cash flow hedge - investment in a Other fair value differences from Profit/loss for the code reserves Capital reserves Legal reserves and holdings Statutory reserves Other reserves loss brought owners of the interest capital treasury shares reserves comprehensive effective portion foreign operation - reserves translation of business year (deductible item) forward parent income (available effective portion foreign operations for sale) 18 (3 to 6 - 7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 19 20 (18+19) + 8 to 17) Previous period 1 Balance on the first day of the previous business year 01 17.674.030 0 1.230.444 4.156.663 1.255.883 0 0 0 0 0 0 0 0 38.710.913 0 60.516.167 0 60.516.167 2 Changes in accounting policies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 02 3 Correction of errors 03 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 03) 04 17.674.030 0 1.230.444 4.156.663 1.255.883 0 0 0 0 0 0 0 0 38.710.913 0 60.516.167 0 60.516.167 5 Profit/loss of the period 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22.469.997 22.469.997 0 22.469.997 05 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 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 0 0 8 Gains or losses from subsequent measurement of financial assets at fair value 08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 through other comprehensive income (available for sale) 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 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 0 0 0 0 0 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 settlement procedure or from the reinvestment of profit) 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement 16 0 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 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 0 0 0 4.000.000 627.764 0 0 0 0 0 0 0 0 -4.000.000 0 -627.764 0 -627.764 18 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 20 0 0 0 0 0 0 0 0 0 0 0 0 0 -19.879.530 0 -19.879.530 0 -19.879.530 21 Other distributions and payments to members/shareholders 21 0 0 0 -743.249 -743.249 0 0 0 0 0 0 0 0 457.259 0 457.259 0 457.259 22 Transfer to reserves according to the annual schedule 0 0 789.492 0 0 0 0 0 0 0 0 0 0 -789.492 0 0 0 0 22 23 Increase in reserves arising from the pre-bankruptcy settlement procedure 23 0 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 previous business year reporting period (ADP 24 17.674.030 0 2.019.936 7.413.414 1.140.398 0 0 0 0 0 0 0 0 14.499.150 22.469.997 62.936.129 0 62.936.129 04 to 23) 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 25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (ADP 06 to 14) II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22.469.997 22.469.997 0 22.469.997 05+25) III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED 27 0 0 789.492 3.256.751 -115.485 0 0 0 0 0 0 0 0 -24.211.763 0 -20.050.035 0 -20.050.035 DIRECTLY IN EQUITY (ADP 15 to 23) Current period 1 Balance on the first day of the current business year 17.674.030 0 2.019.936 7.413.414 1.140.398 0 0 0 0 0 0 0 0 36.969.147 0 62.936.129 0 62.936.129 28 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 30 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 current business year (restated) (AOP 28 to 30) 31 17.674.030 0 2.019.936 7.413.414 1.140.398 0 0 0 0 0 0 0 0 36.969.147 0 62.936.129 0 62.936.129 5 Profit/loss of the period 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.695.600 5.695.600 0 5.695.600 6 Exchange rate differences from translation of foreign operations 33 0 0 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 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 Gains or losses from subsequent measurement of financial assets at fair value 35 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 through other comprehensive income (available for sale) 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38 participating interests 12 Actuarial gains/losses on the defined benefit obligation 39 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 40 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy 42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 settlement procedure or from the reinvestment of profit) 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 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 0 18 Redemption of treasury shares/holdings 45 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19 Payments from members/shareholders 46 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 0 21 Other distributions and payments to members/shareholders 48 0 0 0 -5.243 -5.243 0 0 0 0 0 0 0 0 27.220 0 27.220 0 27.220 22 Carryforward per annual plane 0 0 265.434 0 0 0 0 0 0 0 0 0 0 -265.434 0 0 0 0 49 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 0 24 Balance on the last day of the current business year reporting period (ADP 31 51 17.674.030 0 2.285.370 7.408.171 1.135.155 0 0 0 0 0 0 0 0 36.730.933 5.695.600 68.658.949 0 68.658.949 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 52 TAX (ADP 33 to 41) II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 53 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.695.600 5.695.600 0 5.695.600 do 52) III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED 54 0 0 265.434 -5.243 -5.243 0 0 0 0 0 0 0 0 -238.214 0 27.220 0 27.220 |
STATEMENT OF CHANGES IN EQUITY for the period from 1.1.2025 to |
31.3.2025 | in EUR | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DIRECTLY IN EQUITY (ADP 42 to 50) |
NOTES TO FINANCIAL STATEMENTS - TFI
(drawn up for quarterly reporting periods) Name of the issuer: ERICSSON NIKOLA TESLA D.D.
Personal identification number (OIB): 84214771175
Reporting period: Q1 2025
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semiannual reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial
statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting) d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)
e) other comments prescribed by IAS 34 - Interim financial reporting f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed: 1. undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is
undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
- adopted accounting policies (only an indication of whether there has been a change from the previous period) 3. the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
4. the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
- amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
6. average number of employees during the financial year
financial year
-
where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries 8. where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the
-
the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
-
the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital 11. the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer 12. the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
13. the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member 14. the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a
controlled group member and which is also included in the group of undertakings referred to in point 13
- the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available 16. the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements,
a) provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the
Explanation of business events relevant to understanding changes in the statement of financial position and financial performance are published in Press info/Management letter.
The financial statements have been prepared in accordance with International Financial Reporting Standards adopted by the European Union
(IFRSs), on the historical cost basis, with the exception of financial instruments which are carried at fair value through profit or loss. Policies have been consistently applied to all the periods presented.
Last issued annual financial statements are available at ZSE and as well at www.ericsson.hr.
b)
c)
The interim financial statements for the reporting period are prepared applying the same accounting policies as in the latest annual financial
d) statements presented in the Annual Report.
The issuer does not have sesonal bussines activities.
e)
| Segment report | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Networks | Digital Services | Managed Services | Other | Unallocated | Total | |||||||
| 31.3.2025 | 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 | |||||||||||
| EUR 000 | EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 | |||||||||||
| Segment sales revenue | 36.196 | 32.484 | 16.054 | 16.994 | 480 | 580 | 153 | 117 | 0 | 0 | 52.883 | 50.175 |
| Operating profit | 5.378 | 6.374 | 2.832 | 2.567 | 11 | 55 | 6 | 9 | -1.504 | -1.381 | 6.723 | 7.624 |
| From 2025, sales is additionally monitored by following segments: | ||||||||
|---|---|---|---|---|---|---|---|---|
| Digital society | R&D and services | Telecom | Total | |||||
| 31.3.2025 | 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 31.3.2025 31.3.2024 | |||||||
| EUR 000 | EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 EUR 000 | |||||||
| Segment sales revenue | 3.739 | 3.496 | 36.604 | 36.054 | 12.540 | 10.625 | 52.883 | 50.175 |
| Operating profit | -23 | -124 | 5.540 | 6.917 | 1.206 | 831 | 6.723 | 7.624 |
| Transactions with related parties: | ||
|---|---|---|
| 31.3.2025 31.3.2024 | ||
| EUR 000 EUR 000 | ||
|---|---|---|
| Sales | 36.413 | 35.934 |
| Purchases | 7.633 | 6.477 |
| Balances with related parties | ||
| 31.3.2025 31.12.2024 EUR 000 EUR 000 |
||
| Receivable | 36.407 | 40.035 |
| Receivable | 36.407 | 40.035 | |
|---|---|---|---|
| Payable | 14.242 | 15.969 | |
- Issuer's name, registered office (address), legal form, country of establishment, entity's registration number are disclosed in the sheet General
2.
data of this document.
Accounting policies have not been changed in relation to previous reporting period 3.
Financial commitments in term of guarantees that are not included in the balance sheet are not material and Management Board believes that
possibility of any outflow is remote. The Company has no commitments concerning pensions that are in scope of IAS 19.
4.
In the reporting period there were no individual items of income or expenditure of exceptional size or incidence 5.
The Company has no debt falling due after more than five years. At the balance sheet date, the Company does not have debts covered by valuable securities/insurance.
6.
The average number of employees during the reporting period is 2797 (Q1 2024: 2782). The Company does not categorise employees. 7
No cost of salaries was capitalised in the reporting period
8. Provision for deferred tax is calculated annualy, at balance sheet date 31 December. There were no movement in deferred tax balances during
reporting period.
9.
The Company has no participating interest.
- There were no shares subscribed during the financial year within the limits of the authorised capital.
11.
The Company has no participation certificates, convertible debentures, warrants, options or similar securities or rights.
12. The Company has no shares in companies having unlimited liability.
13. and 14. The company Telefonaktiebolaget LM Ericsson (Sweden, Torshamnsgatan 21, SE-164 83 Stockholm) prepares the consolidated financial
statements for the larger Group of companies, in which Ericsson Nikola Tesla Group is included as an associate member of Ericsson.
15.
Those consolidated reports are available at www.ericsson.com/en/investors/financial-reports. 16. The Company did not have any arrangements that are not included in the balance sheet, where the risks or benefits arising from such
arrangements are material.
17.
There are no material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet.
APPENDIX (Reconciliation of the differences arrising due to structure and classification of the positions in TFI-POD in XLS format compared to classification of the positions in the audited annual report in PDF):
Balance Sheet
Within the category Non-current assets in Statement of financial position total amount of Loans and receivables is indicated in TFI-POD form under AOP 023 Loans, deposits, etc. to undertakings within the group, 028 Loans, deposits, etc. given,034 Customer
receivables,035 Other receivables.
Within the category Current assets in Statement of financial position total amount of Other receivables, Income tax receivables is indicated in TFI-POD form under AOP 051 Receivables from government and other institutions,052 Other receivables, 061 Loans,
deposits, etc. given.
Within the category Equity in Statement of financial position total amount of Retained earnings is indicated in TFI-POD form under AOP 083 Retaind profit/loss brought forward and 086 Profit or Loss for the business year.
Additionally, within the category Non-current liabilities in Statement of Financial position total amount of Borrowings and Lease liabilities are
shown under AOP 103 Liabilities to bank and other financial institutions
Within the category Current liabilities in Statement of financial position total amount of Trade and other payables and Income tax
payable is indicated in TFI-POD in AOP 117 Liabilities to suppliers,119 Liabilities to employees,120 Taxes, contributions and similar liabilities.
Within the category Current liabilities in Statement of financial position total amount of Accrued charges and deferred revenue and
Contract liabilities is indicated in TFI-POD form under AOP 116 Liabilities for advance payments, 124 Accruals and deferred income.
Also, within the category Current liabilities in Statement of financial position total amount of Provisions is indicated in TFI-POD form under AOP 123 Other short-term liabilities.
other financial institutions.
Additionally, both categories Borrowings and Lease liabilities in Statement of Financial position are shown under AOP 115 Liabilities to bank and
P&L
Cost structure in Statement of comprehensive income (FS form) is according to function and the presentation is different from TFI-POD forms where cost is
The amount indicated in AOP 006 Other operating income (outside the group), is indicated in Other operating income and Impairment reversal on financial assets in Statement of Comprehensive income (FS form). presented by nature. Total amount of Cost of Sales, Selling, Administrative and Other operating expenses equals to amount of AOP 007 Operating expenses.