GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Earnings Release • Feb 25, 2016

SELECTED CONSOLIDATED FINANCIAL DATA OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP

Selected data in the statement of comprehensive income, consolidated, under IFRS, audited

		Year ended 31 December
	2015	2014	2015	2014
		PLN '000		EUR '000 1
Sales revenue	327,890	317,561	78,369	75,877
Financial market	199,955	199,962	47,791	47,778
Trading	136,948	137,795	32,732	32,924
Listing	24,497	23,960	5,855	5,725
Information services	38,510	38,207	9,204	9,129
Commodity market	125,193	114,453	29,922	27,347
Trading	62,552	60,121	14,951	14,365
Register of certificates of origin	24,166	22,473	5,776	5,370
Clearing	38,475	31,859	9,196	7,612
Other revenue	2,743	3,146	656	752
Operating expenses	174,391	181,600	41,682	43,391
Other income	1,296	1,256	310	300
Other expenses	2,151	1,861	514	445
Operating profit	152,644	135,356	36,484	32,342
Financial income	9,941	10,360	2,376	2,475
Financial expenses	9,401	10,356	2,247	2,475
Share of profit of associates	(1,530)	3,745	(366)	895
Profit before income tax	151,654	139,105	36,247	33,237
Income tax expense	27,935	26,819	6,677	6,408
Profit for the period	123,719	112,286	29,570	26,829
Basic / Diluted earnings per share 2 (PLN, EUR)	2.95	2.67	0.70	0.64
EBITDA 3	179,481	164,125	42,898	39,216

[1] Based on average annual EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.1839 PLN in 2015 and 1 EUR = 4.1852 PLN in 2014)

[2] Based on total net profit

[3] EBITDA = operating profit + depreciation and amortisation

Selected data in the statement of financial position, consolidated, under IFRS, audited

	As at
	31 December 2015	31 December 2014	31 December 2015	31 December 2014
	PLN '000		EUR '000 4
Non-current assets	580,645	572,710	136,254	134,366
Non-current assets	125,229	119,762	29,386	28,098
Property, plant and equipment	261,728	261,019	61,417	61,239
Intangible assets	188,570	188,104	44,250	44,132
Investment in associates	282	207	66	49
Available-for-sale financial assets	-	-	-	-
Prepayments	4,836	3,618	1,135	849
Current assets	442,170	451,449	103,759	105,917
Trade and other receivables	81,273	42,594	19,072	9,993
Available-for-sale financial assets	-	10,503	-	2,464
Cash and cash equivalents	360,393	389,042	84,570	91,275
Other current assets	504	9,310	118	2,184
TOTAL ASSETS	1,022,815	1,024,159	240,013	240,283
Equity attributable to the shareholders of the parent entity	720,721	699,350	169,124	164,078
Non-controlling interests	546	1,116	128	262
Non-current liabilities	258,799	259,419	60,729	60,864
Current liabilities	42,749	64,274	10,032	15,080
TOTAL EQUITY AND LIABILITIES	1,022,815	1,024,159	240,013	240,283

[4] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 31.12.2015 (1 EUR = 4.2615 PLN) and 31.12.2014 (1 EUR = 4.2623 PLN)

Selected financial ratios of the Group

	Year ended / As at
	31 December 2015	31 December 2014
EBITDA margin (EBITDA/Sales revenue)	54.7%	51.7%
Operating profit margin (Operating profit/Sales revenue)	46.6%	42.6%
Return on quity (ROE) (Net profit for the last 12 months / Average equity at the beginning and at the end of the last 12 month period	17.4%	16.8%
Debt to equity (Interest-bearing liabilities 16 /Equity)	33.9%	34.9%