Quarterly Report • Apr 29, 2021
Quarterly Report
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PRESS INFO April 29, 2021
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
Management Report on the Company and Ericsson Nikola Tesla Group business performance with comments on the financial results for Q1 2021
Highlights:
Gordana Kovačević, the President of Ericsson Nikola Tesla, commented:
"In Q1 2021, the life and business in Croatia and globally were strongly impacted by the continued spread of the COVID-19 pandemic. Considering the persistence of extraordinary circumstances in which we operate, Ericsson Nikola Tesla Group realized solid business results. Compared to Q1 2020, sales revenue is lower by 8.6% and amount to MHRK 445.9, as a result of cyclical investments of our main customers in the networks, while gross margin improved to 14.2% (10.2%), primarily due to lower transition and transformation costs and the effect of cost-efficiency program. With a share of 60.1% in the total revenue generated in export markets, the company remains one of the largest Croatian exporters.
In regard to investments/ plans for 2021, telecom operators on the domestic market announced continuation of investments in infrastructure, high-speed Internet coverage and 5G. By implementing these plans, the domestic telecom operators, as well as the overall telecommunication market, follow European and global trends that in spite of pandemic, but also because of it, show the direction of accelerated development of communication technologies and services. The beginning of the full implementation of 5G in Croatia is expected in Q3 2021, after HAKOM assigns the necessary radio frequency spectrum. Therefore, we are especially pleased that we have signed a new five-year agreement with A1 Hrvatska. Thus we have continued to be the supplier of the radio part of the mobile network of this operator and at the same time a strategic partner in the field of 5G technology.
April 29, 2021
With the strategic partner Hrvatski Telekom, we continue to cooperate on all projects contracted during 2020. We would like to single out Management Services Agreement for the construction and maintenance of fixed and mobile telecommunications infrastructure which is carried out by our subsidiary Ericsson Nikola Tesla Servisi d.o.o., as well as the cooperation agreement in the field of radio access networks with emphasis on 5G. In the segment of ICT solutions for Industry and Society in the domestic market, we have signed new agreements with the Croatian Ministry of the Interior, the Croatian Ministry of Justice and Public Administration, and State Geodetic Administration.
In export markets, sales revenue is lower year-over-year due to the dynamics of operators' investments in networks, and along with the challenges brought by COVID-19 pandemic, the realization of projects is aggravated by the political and economic situation in some markets. Our activities in these markets continue with a strong focus on risk mitigation. The implementation of the Central Software Platform for the Centralized e-Health System of the Republic of Belarus, which is financed by a loan from the International Bank for Reconstruction and Development within the World Bank project, is ongoing as planned.
The delivery of services to Ericsson is stable. At the regular semi-annual R&D Management Business Review meeting, our Research and Development Center (R&D) confirmed the position of highly evaluated center in the global organization, with a customer satisfaction level of more than 90%. The evaluations in all categories are very high, and represent an increase in comparison to a previous evaluation, which proves that even in extraordinary circumstances, Ericsson Nikola Tesla's R&D Center continues to build positive perception within global Ericsson and contribute to the results of our company.
The strength of Ericsson's 5G portfolio was recently confirmed by Gartner report, naming Ericsson a leader in 5G network infrastructure for communications service providers. With over 130 commercial 5G agreements with communication service providers and 85 live 5G networks worldwide, consulting firm Frost & Sullivan in its latest report Frost Radar™ also named Ericsson the leader in the global 5G network infrastructure market in 2020.
By creating innovative solutions, based on the capabilities provided by the modern information-communication technology, Ericsson Nikola Tesla Group enables digital transformation of other industries, but also society itself. In this way, we create new opportunities for our customers and their end users, and through continuous internal transformation we secure the sustainability and competitiveness of our business. Through close cooperation with our customers we create solutions that speed up processes and contribute to a more quality work. As an example, the solution MOST (Managed Operations Support Tool) needs to be mentioned, which is our tool for monitoring the delivery of services to our strategic partner Hrvatski Telekom. By putting this tool into operation in this quarter, an important step was made in the realization of this complex project in which many experts from Ericsson Nikola Tesla and Ericsson Nikola Tesla Servisi have participated, as well as experts from Hrvatski Telekom. By integrating several previously used tools into one, which is also connected to the customer's relevant IT system, we simplify business and achieve a high level of quality.
A recent survey conducted on a sample of joint stock companies with over 500 employees verified the importance that these companies attach to the significance and risks of climate change. The results confirm the correctness of linking our goals in the field of sustainability and corporate responsibility with the strategic determinants of the company. Special emphasis was placed on the best practice that our company has in reporting on climate change at the highest management level; leadership in reporting about the risks of negative impact on the climate ; practice of reporting on business opportunities linked to climate, and leadership in reporting on climate change mitigation. Following our strategic orientation and concrete activities in a form of calculating our own carbon footprint, which comes mostly from energy consumption and transport, to a successful realization of the energy
efficiency project at Ericsson Nikola Tesla, we are ready for new challenges. In this sense, a key goal in the field of positive impact on climate change has already been defined - to reduce our CO2 emissions by 50% by 2030.
In Q1 2021, intensive vaccinations against COVID-19 began in Croatia and worldwide. Unfortunately, the increase in the number of infected people in Croatia and globally, and the fact that the vaccination is progressing in a slower pace than expected, results in constant updating of local /global restrictive measures to limit the flow of people and goods, which affects business planning and requires great flexibility. Therefore, as main risks, we see the ramp-down of the existing contracts realization, decrease/postponement of investments, restrictions in travelling, delays in equipment delivery due to reduced production and logistics capacities as well as physical and mental health of employees. With the primary focus on the safety, health and well-being of our employees, customers, partners and suppliers, we remain focused on risk management, profitability, and operating cash flow.
The global pandemic has significantly increased the need for networking and communication resulting in strong data traffic growth and increased awareness of the need for faster digital transformation of society with an emphasis on the digitalization of public services. Therefore, in 2021 we will continue to invest in 5G and new technologies, digital transformation of the Group, retaining key people and attracting new talents and developing competencies, because only through technological leadership and with highly qualified experts we can create and implement modern ICT solutions that contribute to digital transformation with positive impact on industry, society and individuals. "
April 29, 2021
In the domestic market, sales revenue amounted to MHRK 178.0 (Q1 2020: MHRK 199.9), down by 10.9% year-over-year.
During Q1 2021, the cooperation between Hrvatski Telekom and Ericsson Nikola Tesla Group has continued on all strategic projects, contracted during 2020. The cooperation is realized through intensive planning of activities for the investment period until the end of 2021, and a continuous realization in line with the announced plans, which aims to further connect society and create the prerequisites for the development of smart industries, modern cities and the society of the future.
Based on the Management Services Agreement for the construction and maintenance of fixed and mobile telecommunications infrastructure, supervision of the telecommunications network, and field maintenance of the active access and passive network, signed by Ericsson Nikola Tesla Servisi d.o.o., we will continue with the realization of FTTH in the network of Hrvatski Telekom. During 2020 alone, optical infrastructure was deployed to over 75,000 new households.
The implementation of the state-of-the-art Ericsson technology in the domain of radio access network and 5G continues, based on the cooperation agreement in which Ericsson Nikola Tesla d.d. is the supplier of the radio part of mobile network. At the same time, through deliveries related to the modernization of microwave transmission technology, based on the contract signed in mid-December 2020, intensive work was done to achieve all the necessary preconditions for the introduction of 5G in rural and hard-to-reach areas, including islands.
5G network of Hrvatski Telekom currently operates on the technology of Dynamic Spectrum Sharing (DSS), the application of which enables the use of the existing frequencies for 5G and a quick implementation of 5G network.
In March 2021, Hrvatski Telekom in cooperation with Ericsson Nikola Tesla d.d., was the first to also start including commercial users in testing on the 3.5 GHz frequency.
A new five-year contract on further development of the radio part of the mobile network of this operator was signed with the strategic partner A1 Hrvatska. The implementation of the contract will provide users with the state-of-the-art and secure radio access technology, and the highest quality standards in the development of 5G infrastructure will support the advanced user experience and the implementation of very high capacity networks at the national level. New capacities will be built on 4G technology and all the existing equipment on base stations will be modernized to 5G technology. The new 5G network will offer an open platform for innovation and a range of new business opportunities in various industries.
With the mobile operator Telemach Hrvatska, we have been working on the expansion of capacities of core network, and maintenance of core and transport network.
In the segment of ICT solutions for Industry and Society, an agreement was signed with the Ministry of the Interior of the Republic of Croatia related to the continuation of the Green Borders project, which aims to establish the surveillance of the state border in line with Schengen rules. In this area, a contract related to stationary systems was signed, which refers to equipping additional locations with video equipment and software that functionally comply with the Schengen rules.
A contract was signed with the Croatian Ministry of Justice and Public Administration for services of improvement, refinement, and upgrade of ZUP IT systems and user education. Contracted work includes the development of IT systems to support process and quality management in public administration.
Successful cooperation with the State Geodetic Administration continued with the signing of a contract for geoinformatics services on the establishment of a building register for the area of Varaždin County and the development of a multi-purpose information system for the building register.
In export markets (Ericsson market excluded) sales revenue decreased by 21.1% year-over-year to MHRK 50.8 (Q1 2020: MHRK 64.4) due to the dynamics of operators' investments in networks. In addition to negative impact of COVID-19 pandemic, the political and economic crisis in some export markets makes business more difficult.
With the operator HT Eronet (Bosnia and Herzegovina), we have been working on the build and modernization of LTE network across Bosnia and Herzegovina. We have also continued the activities on the modernization and maintenance of telecommunications networks with the operators Crnogorski Telekom (Montenegro) and IPKO (Kosovo). In Belarus, LTE network expansion projects are being implemented with the operator beCloud, and activities on the expansion of the transmission network are underway with A1 Belarus.
In ICT for Industry&Society, the activities related to the implementation of the Central Software Platform for the Centralized e-Health System of the Republic of Belarus are ongoing as planned. Our teams are finishing the realization of the first phase that includes the solution design, on which the national platform will be built on.
In Ericsson market, sales revenue amounted to MHRK 217.1 (Q1 2020: MHRK 223.4), down by 2.8% yearover-year.
Ericsson Nikola Tesla's R&D Center started 2021 with excellent results, highly recognized from all stakeholders on Management Business Review held in March. All work and deliveries are going according to plan. In business segment Networks, significant number of features related to classic and 5G products are ongoing at the same time building competence of new teams. Within the business area Digital Services, new responsibilities and complete operations in the area of Home Location Register were successfully transferred to R&D center. In the area Mobile Switching Center, development of feature modernization concluded with successful demo. Cloud development activities verified new features and Centralized User Database continued features development and verification according to plan. In Service Area Networks, Wireline and Legacy, number of customer support
activities were successfully executed.
Ericsson Nikola Tesla Group's experts from the Center for Services and Solutions Center for Networks are included in the activities of integration and optimization of various technologies for Ericsson customers in the United Kingdom, Germany, Sweden, Ireland, Spain, Denmark, Norway, Belgium, Czech Republic, Lithuania, Greece, Malta, Canada, Saudi Arabia, Japan, Indonesia, Malaysia, Taiwan, Hong Kong, etc.
We have continued to work on the development and implementation of software tools for management and optimization of mobile networks (SRS/Smart Rollout Support, ESI/Ericsson Site Integration, RAMT/Rehoming Automation Management Tool, RNPT/ Radio Network Proposal Tools & Gynt) that are used in the network rollout by many operators worldwide, with which Ericsson and Ericsson Nikola Tesla do business.
Experts from Services and Solutions Center in the field of Digital Services, Media and Operations, in addition to projects for the customers of Ericsson Nikola Tesla Group, were also engaged on projects for Ericsson customers in the United Kingdom, Germany, Sweden, Switzerland, Denmark, Finland, France, Luxembourg, Ireland, Norway, Lithuania, Italy, Czech Republic, Australia, Tahiti, Pakistan etc. These are complex projects of introduction of 5G technology, operational and business support systems, as well as projects of introduction of core solutions in Cloud.
The teams working in IT& Engineering Services, in addition to providing excellent support and achieving excellent results on test environment management projects and IT operations for Ericsson corporation, also have a key role in our company's transformation processes, and provide a quality support for smooth work from home and remote support to customers.
In the segment ICT solutions for Industry and Society, in addition to numerous projects for Ericsson Nikola Tesla's customers, quality results are also achieved on projects in the field of IoT platforms and Connected Urban Traffic for the needs of Ericsson corporation.
At the meeting held on April 23, 2021, Ericsson Nikola Tesla Supervisory Board and Managing Director made a joint proposal to the company's General Meeting to adopt a decision regarding the dividend payment of HRK 82 per share.
Ericsson Nikola Tesla's General Meeting will be held on June 29, 2021. The shareholders who have the Company shares registered on their securities account in the Central Depository & Clearing Company on July 02, 2021 are entitled to dividend payment. Ex-dividend date is July 01, 2021.
| Number of shares |
% of share capital | |
|---|---|---|
| Telefonaktiebolaget LM Ericsson | 653,473 | 49.07 |
| Addiko Bank d.d. / Raiffeisen mandatory pension fund, B category | 123,514 | 9.28 |
| OTP banka d.d. / Erste Plavi mandatory pension fund, B category | 53,680 | 4,03 |
| Addiko Bank d.d. / PBZ Croatia osiguranje mandatory pension fund, B category |
40,458 | 3.04 |
| PBZ d.d. / The Bank of New York as Custodian | 12,619 | 0.95 |
| OTP banka d.d. / OTP Index fund - open-end alternative investment fund with public offering |
9,474 | 0.71 |
| PBZ d.d. / custodian client account | 8,949 | 0.67 |
| Addiko Bank d.d. / Raiffeisen voluntary pension fund | 8,094 | 0.61 |
| Vuleta Ivica | 4,761 | 0.36 |
| Addiko Bank d.d. / Raiffeisen mandatory pension fund, A category | 3,668 | 0.28 |
| Other shareholders | 412,960 | 31.00 |
Share price information in Q1 2021:
| Highest (HRK) | Lowest (HRK) | Closing (HRK) | Market cap. (in MHRK) |
|---|---|---|---|
| 1,650.00 | 1,500.00 | 1,590.00 | 2,117.3 |
PRESS INFO April 29, 2021
Ericsson Nikola Tesla d.d. Krapinska 45 Zagreb
OIB: 84214771175
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
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, 2021 to March 31, 2021 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.
Managing Director:
Gordana Kovačević, MSc
PRESS INFO April 29, 2021
For additional information, please contact:
Snježana Bahtijari Orhideja Gjenero Company Communications Director 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 4556 Tel.: +385 1 365 4431 Mob.: +385 91 365 4556 Mob.: +385 91 365 4431 Fax: +385 1 365 3156 Fax: +385 1 365 3156 E-mail: [email protected] E-mail: [email protected]
E-mail: [email protected]
For more information about Ericsson Nikola Tesla's business, please visit: http://www.ericsson.hr
for the period ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| HRK '000 | HRK '000 | |
| Sales revenue | 445.858 | 487.663 |
| Cost of sales | -382.732 | -437.932 |
| Gross profit | __ 63.126 |
__ 49.731 |
| Selling expenses | -10.617 | -11.002 |
| Administrative expenses | -11.201 | -10.226 |
| Other operating income | 4.074 | 5.054 |
| Other operating expenses | -116 | -71 |
| Operating profit | __ 45.267 |
__ 33.486 |
| Finance income | __ 3.510 |
__ 2.206 |
| Finance expense | -338 | -1.128 |
| Finance income/(expense) – net | __ 3.172 |
__ 1.078 |
| Profit before tax | __ 48.439 |
__ 34.563 |
| Income tax | -7.603 | -5.008 |
| Profit for the year | __ 40.836 |
__ 29.555 |
| Other comprehensive income | __ -10 |
__ 126 |
| Total comprehensive income for the year | _ 40.826 _ |
_ 29.681 _ |
Earnings per share
| as at 31 March 2021 | ||
|---|---|---|
| 2021 | 2020 | |
|---|---|---|
| ASSETS | HRK '000 | HRK '000 |
| Non-current assets | ||
| Property, plant and equipment | 145.472 | 153.802 |
| Right of use asset | 66.533 | 53.955 |
| Intangible assets | 4.499 | 4.522 |
| Loans and receivables | 40.500 | 37.867 |
| Deferred tax assets | 9.548 __ |
9.541 __ |
| Total non-current assets | 266.551 __ |
259.688 __ |
| Current assets | ||
| Inventories | 110.956 | 86.616 |
| Trade receivables | 198.440 | 193.332 |
| Contract assets | 0 | 0 |
| Receivables from related parties Other receivables |
95.168 7.491 |
89.002 6.226 |
| Income tax receivable | 4.307 | 11.979 |
| Financial assets at fair value through profit or loss | 33.165 | 32.966 |
| Prepayments and accrued income | 27.552 | 33.411 |
| Cash and cash equivalents | 294.834 | 281.056 |
| Total current assets | __ 771.913 |
__ 734.588 |
| TOTAL ASSETS | __ 1.038.464 |
__ 994.275 |
| EQUITY AND LIABILITIES | __ | __ |
| Equity | ||
| Share capital | 133.165 | 133.165 |
| Treasury shares | -506 | -506 |
| Legal reserves | 6.658 | 6.658 |
| Reserve for treasury shares Translation reserve |
13.903 -291 |
13.903 -281 |
| Retained earnings | 234.353 | 192.935 |
| Total equity | __ 387.283 |
__ 345.874 |
| __ | __ | |
| Non-current liabilities | ||
| Borrowings | 26.895 | 30.387 |
| Lease liability Employee benefits |
44.207 10.531 |
37.384 10.388 |
| Other non-curent liabilities | 864 | 1.095 |
| Total non-current liabilities | __ 82.497 |
__ 79.254 |
| Current liabilities | __ | __ |
| Payables to related parties | 29.843 | 10.937 |
| Borrowings | 14.148 | 14.315 |
| Lease liability | 23.011 | 17.576 |
| Trade and other payables | 195.233 | 230.553 |
| Contract liabilities Income tax payable |
202.661 3.884 |
192.322 2.463 |
| Provisions | 9.417 | 13.713 |
| Accrued charges and deferred revenue | 90.488 | 87.267 |
| Total current liabilities | __ 568.685 |
__ 569.147 |
| Total liabilities | __ 651.181 |
__ 648.401 |
| TOTAL EQUITY AND LIABILITIES | _ 1.038.464 _ |
_ 994.275 _ |
| 2021 | 2020 | |
|---|---|---|
| HRK '000 | HRK '000 | |
| Cash flows from operating activities | ||
| Profit before tax | 48.439 | 34.563 |
| _ | _ | |
| Adjustments for: | ||
| Depreciation and amortisation | 14.358 | 13.775 |
| Impairment losses and reversals | -114 | -111 |
| Gain on sale of property, plant and equipment | -49 | -108 |
| Net loss/(gain) on remeasurement of financial assets | -188 | 804 |
| Interest income | -370 | -726 |
| Interest expense | 335 | 326 |
| Foreign exchange losses/(gains) | -2.635 | -1.838 |
| Equity-settled transactions | 583 | 839 |
| _ 60.358 |
_ 47.524 |
|
| Changes in working capital | ||
| In receivables | -8.704 | -78.258 |
| In inventories | -24.340 | -4.653 |
| In provisions | -4.154 | -854 |
| In payables | 211 | 54.696 |
| _ | _ | |
| Cash generated from operations | 23.371 | 18.455 |
| Interest paid | _ -627 |
_ -247 |
| Income taxes paid | -193 | -154 |
| Net cash from operating activities | _ 22.551 |
_ 18.054 |
| _ | _ | |
| Cash flows from investing activities | ||
| Interest received | 362 | 302 |
| Proceeds from sale of property, plant and equipment | 15 | 121 |
| Purchases of property, plant and equipment, and intangible assets | -2.166 | -11.433 |
| Purchases of financial assets at fair value through profit and loss | 3 | 0 |
| Receipt of government grant | 1.241 | 4.299 |
| _ | _ | |
| Net cash used in investing activities | -546 _ |
-6.712 _ |
| Cash flows from financing activities | ||
| Proceeds from borrowings | 0 | 13.101 |
| Repayment of borrowings | -3.522 | -487 |
| Dividends paid | -3 | 0 |
| Payment of lease liability | -5.730 | -5.864 |
| Net cash used in financing activities | _ -9.256 |
_ 6.749 |
| _ | _ | |
| Effects of exchange rate changes on cash and cash equivalents | 1.029 | 968 |
| Net decrease/(increase) in cash and cash equivalents | _ 13.779 |
_ 19.059 |
| Cash and cash equivalents at the beginning of the year | 281.056 | 97.906 |
| Cash and cash equivalents at the end of the year | _ 294.834 |
_ 116.965 |
| _ | _ |
| Annex 1 | |||||
|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | |||||
| Reporting period: | 1.1.2021 | to | 31.3.2021 | ||
| Year: | 2021 | ||||
| Quarter: | 1. | ||||
| Quarterly financial statements | |||||
| egistration 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 | |||
| treet and house number: Krapinska 45 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.ericsson.hr | |||||
| Number of employees (end of the reporting |
3289 | ||||
| Consolidated report: | KD | (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: | |||
| Libratel d.o.o. | Zagreb, Selska 93 | 1449613 | |||
| ETK BH d.o.o | Mostar, Kralja Petra Krešimira 4 | 65-01-0996-11 | |||
| son Nikola Tesla d.d. - Branch office of Kosovo | Republika Kosova, Kalabria, Obj 1., Bll 1, Kati 1 Nr.13 | 70633647 | |||
| Ericsson Nikola Tesla Servisi d.o.o. | Zagreb, Krapinska 45 | 80921748 | |||
| Ericsson Nikola Tesla BY d.o.o. | Bjelorusija, Minsk, Ulica Zibickaja 2 | 192753195 | |||
| Yes No |
|||||
| Bookkeeping firm: | No | (Yes/No) | (name of the bookkeeping firm) | ||
| Contact person: Tatjana Ricijaš | |||||
| (only name and surname of the contact person) Telephone: +385(0)13653343 |
|||||
| E-mail address: [email protected] | |||||
| Audit firm: KPMG Croatia d.o.o. | |||||
| (name of the audit firm) | |||||
| Certified auditor: Domagoj Hrkać | |||||
| (name and surname) |
| Submitter: ERICSSON NIKOLA TESLA D.D. | Last day of the | in HRK At the reporting date |
|
|---|---|---|---|
| Item | ADP code |
preceding business year |
of 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 | 259.687.508 | 266.551.186 |
| I INTANGIBLE ASSETS (ADP 004 to 009) 1 Research and development 2 Concessions, patents, licences, trademarks, software and other |
003 004 |
4.522.336 0 |
4.498.673 0 |
| rights | 005 | 349.090 | 325.427 |
| 3 Goodwill | 006 | 4.173.246 | 4.173.246 |
| 4 Advances for the purchase of intangible assets | 007 | 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 | 207.756.432 | 212.004.269 |
| 1 Land | 011 | 15.605.344 | 15.605.344 |
| 2 Buildings | 012 | 77.990.000 | 95.717.225 |
| 3 Plant and equipment | 013 | 60.927.031 | 55.863.353 |
| 4 Tools, working inventory and transportation assets | 014 | 21.111.662 | 31.007.921 |
| 5 Biological assets 6 Advances for the purchase of tangible assets 7 Tangible assets in preparation |
015 016 |
0 0 |
0 0 |
| 8 Other tangible assets 9 Investment property |
017 018 019 |
32.069.751 52.644 0 |
13.759.729 50.698 0 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 23.742.294 | 24.311.887 |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 |
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests |
024 | 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 | 23.742.294 | 24.311.887 |
| 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 | 14.124.953 | 16.187.860 |
| 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating |
032 | 0 | 0 |
| interests | 033 | 0 | 0 |
| 3 Customer receivables | 034 | 13.688.818 | 15.812.291 |
| 4 Other receivables | 035 | 436.135 | 375.569 |
| V DEFERRED TAX ASSETS | 036 | 9.541.493 | 9.548.497 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 701.176.686 | 744.361.517 |
| I INVENTORIES (ADP 039 to 045) | 038 | 86.616.332 | 110.956.252 |
| 1 Raw materials and consumables | 039 | 22.285.408 | 22.477.707 |
| 2 Work in progress | 040 | 64.329.125 | 88.476.745 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 0 | 0 |
| 5 Advances for inventories | 043 | 1.800 | 1.800 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets II RECEIVABLES (ADP 047 to 052) 1 Receivables from undertakings within the group |
045 046 |
0 296.498.370 |
0 301.365.623 |
| 2 Receivables from companies linked by virtue of participating | 047 | 0 | 0 |
| interests | 048 | 89.001.784 | 95.167.583 |
| 3 Customer receivables | 049 | 193.332.095 | 198.439.758 |
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 |
| 5 Receivables from government and other institutions | 051 | 12.714.304 | 5.126.538 |
| 6 Other receivables | 052 | 1.450.188 | 2.631.744 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 37.006.148 | 37.205.254 |
| 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 4 Investments in holdings (shares) of companies linked by virtue of |
056 | 0 | 0 |
| 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 interests |
059 | 0 | 0 |
| 7 Investments in securities | 060 | 32.936.148 | 33.123.911 |
| 8 Loans, deposits, etc. given | 061 | 4.070.000 | 4.081.343 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 281.055.836 | 294.834.389 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 33.410.824 | 27.551.562 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 994.275.019 | 1.038.464.265 |
| OFF-BALANCE SHEET ITEMS LIABILITIES |
066 | 0 | 0 |
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 345.873.801 | 387.283.221 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 133.165.000 | 133.165.000 |
| II CAPITAL RESERVES | 069 | 0 | 0 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 20.055.496 | 20.055.496 |
| 1 Legal reserves | 071 | 6.658.250 | 6.658.250 |
| 2 Reserves for treasury shares | 072 | 13.903.446 | 13.903.446 |
| 3 Treasury shares and holdings (deductible item) | 073 | -506.200 | -506.200 |
| 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) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) |
078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign | 082 | 0 | 0 |
| operations (consolidation) VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- |
083 | 98.113.316 | 193.226.723 |
| 085) 1 Retained profit |
084 | 98.113.316 | 193.226.723 |
| 2 Loss brought forward VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) 1 Profit for the business year |
085 086 087 |
0 94.539.989 |
0 40.836.002 |
| 2 Loss for the business year VIII MINORITY (NON-CONTROLLING) INTEREST |
088 089 |
94.539.989 0 0 |
40.836.002 0 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 24.101.013 | 19.947.388 |
| 1 Provisions for pensions, termination benefits and similar obligations |
091 | 15.417.275 | 11.305.827 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 719.915 | 719.915 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 2.309.588 | 2.520.697 |
| 6 Other provisions | 096 | 5.654.234 | 5.400.948 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 68.866.524 | 71.965.918 |
| 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 4 Liabilities for loans, deposits etc. of companies linked by virtue of |
100 | 0 | 0 |
| participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 67.771.047 | 71.101.738 |
| 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 | 1.095.477 | 864.180 |
| 11 Deferred tax liability | 108 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 286.357.067 | 300.078.973 |
| 1 Liabilities to undertakings within the group | 110 | 0 | 0 |
| 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 | 10.936.701 | 29.842.659 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 31.891.618 | 37.159.184 |
| 7 Liabilities for advance payments | 116 | 10.512.321 | 33.959.839 |
| 8 Liabilities to suppliers | 117 | 103.431.782 | 98.838.059 |
| 9 Liabilities for securities 10 Liabilities to employees 11 Taxes, contributions and similar liabilities |
118 119 |
0 99.116.679 |
0 63.077.657 |
| 12 Liabilities arising from the share in the result 13 Liabilities arising from fixed assets held for sale |
120 121 122 |
30.467.967 0 0 |
37.201.576 0 0 |
| 14 Other short-term liabilities E) ACCRUALS AND DEFERRED INCOME |
123 | 0 | 0 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) G) OFF-BALANCE SHEET ITEMS |
124 125 126 |
269.076.614 994.275.019 0 |
259.188.766 1.038.464.265 0 |
in HRK
| Submitter: ERICSSON NIKOLA TESLA D.D. | Same period of the previous year | Current period | |||
|---|---|---|---|---|---|
| Item | ADP code |
Cumulative | Quarter | Cumulative | Quarter |
| 1 I OPERATING INCOME (ADP 002 to 006) |
2 001 |
3 492.716.431 |
4 492.716.431 |
5 449.931.953 |
6 449.931.953 |
| 1 Income from sales with undertakings within the group 2 Income from sales (outside group) |
002 003 |
0 487.662.540 |
0 487.662.540 |
0 445.858.417 |
0 445.858.417 |
| 3 Income from the use of own products, goods and services 4 Other operating income with undertakings within the group |
004 005 |
0 0 |
0 0 |
0 0 |
0 0 |
| 5 Other operating income (outside the group) | 006 | 5.053.891 | 5.053.891 | 4.073.536 | 4.073.536 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) 1 Changes in inventories of work in progress and finished goods |
007 008 |
459.230.808 15.434.219 |
459.230.808 15.434.219 |
404.665.336 -24.147.427 |
404.665.336 -24.147.427 |
| 2 Material costs (ADP 010 to 012) a) Costs of raw materials and consumables |
009 010 |
206.240.323 113.017.616 |
206.240.323 113.017.616 |
189.535.521 66.276.155 |
189.535.521 66.276.155 |
| b) Costs of goods sold c) Other external costs |
011 012 |
0 93.222.707 |
0 93.222.707 |
0 123.259.366 |
0 123.259.366 |
| 3 Staff costs (ADP 014 to 016) a) Net salaries and wages |
013 014 |
205.831.603 127.024.047 |
205.831.603 127.024.047 |
213.022.732 132.822.170 |
213.022.732 132.822.170 |
| b) Tax and contributions from salary costs c) Contributions on salaries |
015 016 |
58.153.585 20.653.971 |
58.153.585 20.653.971 |
56.818.850 23.381.712 |
56.818.850 23.381.712 |
| 4 Depreciation 5 Other costs |
017 | 13.774.870 | 13.774.870 | 14.357.753 | 14.357.753 |
| 6 Value adjustments (ADP 020+021) | 018 019 |
15.503.959 248.098 |
15.503.959 248.098 |
10.510.738 661.021 |
10.510.738 661.021 |
| a) fixed assets other than financial assets b) current assets other than financial assets |
020 021 |
0 248.098 |
0 248.098 |
0 661.021 |
0 661.021 |
| 7 Provisions (ADP 023 to 028) a) Provisions for pensions, termination benefits and similar obligations |
022 023 |
2.126.812 2.096.939 |
2.126.812 2.096.939 |
609.260 153.033 |
609.260 153.033 |
| 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 29.873 |
0 29.873 |
0 456.227 |
0 456.227 |
| f) Other provisions 8 Other operating expenses |
028 029 |
0 70.924 |
0 70.924 |
0 115.738 |
0 115.738 |
| III FINANCIAL INCOME (ADP 031 to 040) 1 Income from investments in holdings (shares) of undertakings within |
030 031 |
2.205.928 0 |
2.205.928 0 |
3.509.916 0 |
3.509.916 0 |
| the group 2 Income from investments in holdings (shares) of companies linked by |
0 | 0 | 0 | 0 | |
| virtue of participating interests 3 Income from other long-term financial investment and loans granted to |
032 | ||||
| undertakings within the group 4 Other interest income from operations with undertakings within the |
033 | 0 | 0 | 0 | 0 |
| group 5 Exchange rate differences and other financial income from operations |
034 | 0 | 0 | 0 | 0 |
| with undertakings within the group 6 Income from other long-term financial investments and loans |
035 036 |
117.645 0 |
117.645 0 |
29.803 0 |
29.803 0 |
| 7 Other interest income | 037 | 599.969 | 599.969 | 370.404 | 370.404 |
| 8 Exchange rate differences and other financial income 9 Unrealised gains (income) from financial assets |
038 039 |
1.488.314 0 |
1.488.314 0 |
2.921.947 0 |
2.921.947 0 |
| 10 Other financial income IV FINANCIAL EXPENSES (ADP 042 to 048) |
040 041 |
0 1.128.270 |
0 1.128.270 |
187.763 337.959 |
187.763 337.959 |
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | 5.520 | 5.520 | 29.658 | 29.658 |
| 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 4 Exchange rate differences and other expenses |
044 045 |
318.970 0 |
318.970 0 |
308.301 0 |
308.301 0 |
| 5 Unrealised losses (expenses) from financial assets 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 | 803.780 | 803.780 | 0 | 0 |
| 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 PARTICIPATING INTEREST |
051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES IX TOTAL INCOME (ADP 001+030+049 +050) |
052 053 |
0 494.922.358 |
0 494.922.358 |
0 453.441.869 |
0 453.441.869 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) XI PRE-TAX PROFIT OR LOSS (ADP 053-054) |
054 055 |
460.359.078 34.563.280 |
460.359.078 34.563.280 |
405.003.295 48.438.574 |
405.003.295 48.438.574 |
| 1 Pre-tax profit (ADP 053-054) 2 Pre-tax loss (ADP 054-053) |
056 057 |
34.563.280 0 |
34.563.280 0 |
48.438.574 0 |
48.438.574 0 |
| XII INCOME TAX XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) |
058 059 |
5.008.348 29.554.932 |
5.008.348 29.554.932 |
7.602.573 40.836.002 |
7.602.573 40.836.002 |
| 1 Profit for the period (ADP 055-059) 2 Loss for the period (ADP 059-055) |
060 061 |
29.554.932 0 |
29.554.932 0 |
40.836.002 0 |
40.836.002 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) 1 Pre-tax profit from discontinued operations |
062 063 |
0 0 |
0 0 |
0 0 |
0 0 |
| 2 Pre-tax loss on discontinued operations XV INCOME TAX OF DISCONTINUED OPERATIONS |
064 065 |
0 0 |
0 0 |
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 |
||||
| 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 | ||||
| 1 Pre-tax profit (ADP 068) 2 Pre-tax loss (ADP 068) |
069 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 070 071 |
0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) 1 Profit for the period (ADP 068-071) |
072 073 |
||||
| 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 | ||||
| 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 STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) |
077 | 0 | 0 | 0 | 0 |
| I PROFIT OR LOSS FOR THE PERIOD II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX |
078 | 29.554.932 0 |
29.554.932 0 |
40.836.002 0 |
40.836.002 0 |
| (ADP 80+ 87) | 079 | ||||
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) 1 Changes in revaluation reserves of fixed tangible and intangible |
080 | 0 | 0 | 0 | 0 |
| assets 2 Gains or losses from subsequent measurement of equity instruments |
081 | 0 | 0 | 0 | 0 |
| at fair value through other comprehensive income 3 Fair value changes of financial liabilities at fair value through |
082 083 |
0 0 |
0 0 |
0 0 |
0 0 |
| statement of 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 | 126.056 | 126.056 | -9.517 | -9.517 |
| 1 Exchange rate differences from translation of foreign operations 2 Gains or losses from subsequent measurement of debt securities at |
088 | 126.056 | 126.056 | -9.517 | -9.517 |
| fair value through other comprehensive income 3 Profit or loss arising from effective cash flow hedging |
089 090 |
0 0 |
0 0 |
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 | 092 | 0 | 0 | 0 | 0 |
| virtue of participating interests 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 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 095 096 |
0 0 |
0 0 |
0 0 |
0 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- | |||||
| 086 - 096) VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP |
097 | 126.056 | 126.056 | -9.517 | -9.517 |
| 078+097) APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) |
098 | 29.680.988 | 29.680.988 | 40.826.485 | 40.826.485 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) |
099 | 29.680.988 | 29.680.988 | 40.826.485 | 40.826.485 |
| 1 Attributable to owners of the parent 2 Attributable to minority (non-controlling) interest |
100 101 |
29.680.988 0 |
29.680.988 0 |
40.826.485 0 |
40.826.485 0 |
| in HRK | |||
|---|---|---|---|
| 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 Pre-tax profit | 001 | 34.563.280 | 48.438.574 |
| 2 Adjustments (ADP 003 to 010): a) Depreciation |
002 | 12.960.587 13.774.870 |
11.919.488 14.357.753 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
003 004 |
-108.410 | -49.492 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | 803.780 | -187.763 |
| d) Interest and dividend income | 006 | -725.660 | -370.404 |
| e) Interest expenses | 007 | 325.552 | 335.363 |
| f) Provisions | 008 | 0 | 0 |
| g) Exchange rate differences (unrealised) | 009 | -1.837.502 | -2.635.167 |
| h) Other adjustments for non-cash transactions and unrealised gains and losses |
010 | 727.957 | 469.197 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 47.523.868 | 60.358.062 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -29.069.027 | -36.987.001 |
| a) Increase or decrease in short-term liabilities | 013 | 54.696.375 | 210.874 |
| b) Increase or decrease in short-term receivables | 014 | -78.258.047 | -8.704.331 |
| c) Increase or decrease in inventories | 015 | -4.653.013 | -24.339.920 |
| d) Other increase or decrease in working capital | 016 | -854.342 | -4.153.625 |
| II Cash from operations (ADP 011+012) | 017 | 18.454.840 | 23.371.060 |
| 4 Interest paid 5 Income tax paid |
018 | -247.350 | -627.419 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 019 020 |
-153.604 18.053.887 |
-192.504 22.551.138 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 120.608 | 15.362 |
| 2 Cash receipts from sales of financial instruments | 022 | 2.663 | |
| 3 Interest received | 023 | 301.703 | 361.830 |
| 4 Dividends received | 024 | ||
| 5 Cash receipts from repayment of loans and deposits | 025 | ||
| 6 Other cash receipts from investment activities | 026 | 4.298.850 | 1.240.572 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 4.721.161 | 1.620.428 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -11.432.961 | -2.166.310 |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | |
| 3 Cash payments for loans and deposits for the period | 030 | ||
| 4 Acquisition of a subsidiary, net of cash acquired 5 Other cash payments from investment activities |
031 | ||
| IV Total cash payments from investment activities (ADP 028 to 032) | 032 033 |
0 -11.432.961 |
-2.166.310 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -6.711.800 | -545.882 |
| Cash flow from financing activities | |||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | |
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments |
036 | ||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 13.100.997 | |
| 4 Other cash receipts from financing activities | 038 | 0 | |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 13.100.997 | 0 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -487.202 | -3.522.066 |
| 2 Cash payments for dividends | 041 | -390 | -3.485 |
| 3 Cash payments for finance lease | 042 | ||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital |
043 | ||
| 5 Other cash payments from financing activities | 044 | -5.863.949 | -5.729.997 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -6.351.541 | -9.255.548 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 6.749.455 | -9.255.548 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 967.556 | 1.028.845 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | 19.059.098 | 13.778.553 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 97.906.291 | 281.055.836 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 116.965.389 | 294.834.389 |
| STATEMENT OF CHANGES IN EQUITY for the period from 1.1.2021 to |
31.3.2021 | in HRK | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| ADP | Fair value of financial assets |
Hedge of a net | Exchange rate | Minority (non | Total capital and | ||||||||||||||
| Item | code | Initial (subscribed) capital |
Capital reserves Legal reserves | Reserves for treasury shares |
Treasury shares and holdings |
Statutory reserves Other reserves | Revaluation reserves |
through other comprehensive |
Cash flow hedge - effective portion |
investment in a foreign operation - |
Other fair value reserves |
differences from translation of |
Retained profit / loss brought |
Profit/loss for the business year |
Total attributable to owners of the |
controlling) interest |
reserves | ||
| (deductible item) | income (available | effective portion | foreign operations | forward | parent | ||||||||||||||
| 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 2 Changes in accounting policies |
01 02 |
133.165.000 | 6.658.250 | 14.872.546 | 240.540 | 0 | 160.297.640 0 |
0 0 |
314.752.896 0 |
0 0 |
314.752.896 0 |
||||||||
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) |
04 | 133.165.000 | 0 | 6.658.250 | 14.872.546 | 240.540 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 160.297.640 | 0 | 314.752.896 | 0 | 314.752.896 | |
| 5 Profit/loss of the period 6 Exchange rate differences from translation of foreign operations |
05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 94.539.989 | 94.539.989 | 0 | 94.539.989 | |||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 06 | 0 | 0 | 0 | 0 | 0 | 0 | -221.682 | 0 | 0 | 0 0 |
0 | 0 | -221.682 | 0 | -221.682 | |||
| 07 | 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 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 | |||||||
| 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 15 Decrease in initial (subscribed) capital (other than arising from the pre |
14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 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 19 Payments from members/shareholders |
18 19 |
0 | 0 | 0 | 0 | 1.234.760 0 |
0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 0 |
0 0 |
-1.234.760 0 |
0 0 |
-1.234.760 0 |
|
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
20 | 0 | -65.230.956 | 0 | -65.230.956 | 0 | -65.230.956 | ||||||||||||
| 22 Transfer to reserves according to the annual schedule | 21 22 |
0 | 0 | 0 | -969.100 0 |
-969.100 0 |
0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 | 3.268.314 0 |
0 0 |
3.268.314 0 |
0 0 |
3.268.314 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 (ADP |
23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 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) |
24 | 133.165.000 | 0 | 6.658.250 | 13.903.446 | 506.200 | 0 | -221.682 | 0 | 0 | 0 0 |
0 | 0 | 98.334.998 | 94.539.989 | 345.873.801 | 0 | 345.873.801 | |
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF | |||||||||||||||||||
| TAX (ADP 06 to 14) | 25 | 0 | 0 | 0 | 0 | 0 | 0 | -221.682 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | -221.682 | 0 | -221.682 | |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP | 26 | 0 | 0 | 0 | 0 | 0 | 0 | -221.682 | 0 | 0 | 0 0 |
0 | 0 | 0 | 94.539.989 | 94.318.307 | 0 | 94.318.307 | |
| 05+25) | |||||||||||||||||||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) |
27 | 0 | 0 | 0 | -969.100 | 265.660 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -61.962.642 | 0 | -63.197.402 | 0 | -63.197.402 | |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year 2 Changes in accounting policies |
28 29 |
133.165.000 | 6.658.250 | 13.903.446 | 506.200 | -221.682 | 192.874.987 | 345.873.801 0 |
345.873.801 0 |
||||||||||
| 3 Correction of errors | 30 | 0 | 0 | ||||||||||||||||
| 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) | 31 | 133.165.000 | 0 | 6.658.250 | 13.903.446 | 506.200 | 0 | -221.682 | 0 | 0 | 0 0 |
0 | 0 | 192.874.987 | 0 | 345.873.801 | 0 | 345.873.801 | |
| 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 -9.517 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
40.836.002 0 |
40.836.002 -9.517 |
40.836.002 -9.517 |
||||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 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 | |||||||||||||||||||
| through other comprehensive income (available for sale) 9 Profit or loss arising from effective cash flow hedge |
35 | 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 | 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
38 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
| 14 Tax on transactions recognised directly in equity | 40 41 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 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 | ||||||||||||||||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | ||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | ||||||||||||||||
| 19 Payments from members/shareholders | 46 | 0 | 0 | ||||||||||||||||
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
47 48 |
582.936 | 0 582.936 |
0 582.936 |
|||||||||||||||
| 22 Carryforward per annual plane | 49 | 0 | 0 | ||||||||||||||||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure 24 Balance on the last day of the current business year reporting period (ADP |
50 | 0 | 0 | ||||||||||||||||
| 31 to 50) | 51 | 133.165.000 | 0 | 6.658.250 | 13.903.446 | 506.200 | 0 | -231.199 | 0 | 0 | 0 0 |
0 | 0 | 193.457.923 | 40.836.002 | 387.283.221 | 0 | 387.283.221 | |
| 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 | -9.517 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | -9.517 | 0 | -9.517 | |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) |
53 | 0 | 0 | 0 | 0 | 0 | 0 | -9.517 | 0 | 0 | 0 0 |
0 | 0 | 0 | 40.836.002 | 40.826.485 | 0 | 40.826.485 | |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 582.936 | 0 | 582.936 | 0 | 582.936 |
(drawn up for quarterly reporting periods) Name of the issuer: ERICSSON NIKOLA TESLA D.D.
Personal identification number (OIB): 84214771175 Reporting period: Q1 2021
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
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semiannual 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)
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
covered by valuable security furnished by the undertaking, specifying the type and form of security 6. average number of employees during the financial year
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 financial year
Explanation of business events relevant to understanding changes in the statement of financial position and financial performance are published in Press info/Management letter
Last issued annual financial statements are available at ZSE and as well at www.ericsson.hr/en/reports www.ericsson.hr/en/reports
31.3.2021 31.3.2020 HRK 000 HRK 000
d) financial statements presented in the Annual Report.
a)
Segment reporting 31.03.2021. 31.03.2020. 31.03.2021.31.03.2020. 31.03.2021.31.03.2020. 31.03.2021.31.03.2020. 31.03.2021.31.03.2020. 1.03.2021. 31.03.2020. Other Networks Digital Services Total Unallocated Managed Services
| '000 kn | '000 kn | '000 kn '000 kn | '000 kn '000 kn | '000 kn '000 kn | '000 kn '000 kn '000 kn | '000 kn | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment sales revenu 219.871 | 303.672 | 118.800 103.146 | 105.444 | 78.799 | 1.742 | 2.046 | 0 | 0 445.857 | 487.663 | |||
| Operating profit | 33.280 | 29.235 | 13.882 | 7.691 | 9.201 | 4.090 | 102 | 141 | -11.198 | -7.672 | 45.267 | 33.485 |
| Transactions with related parties: |
| Sales | 216.132 | 217.673 |
|---|---|---|
| Purchases | 60.635 | 123.299 |
| Balances with related parties | ||
| 31.3.2021 31.12.2020 HRK 000 HRK 000 |
||
| Receivable | 95.168 | 89.002 |
| Payable | 29.843 | 10.937 |
Issuer's name, registered office (address), legal form, country of establishment, entity's registration number are disclosed in the sheet
General data of this document.
Accounting policies have not been changed in relation to previous reporting period. 3.
4.
The Group has no debt falling due after more than five years. At the balance sheet date, the Group does not have debts covered by valuable securities/insurance.
The average number of employees during the reporting period is 3262 (Q12020: 3217). The Group does not categorise employees. 7.
No cost of salaries was capitalised in the reporting period. during reporting period.
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):
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, Also, within the category Current liabilities in Statement of financial position total amount of Provisions, Accrued charges and deferred revenue and Contract liabilities is indicated in TFI-POD form under AOP 091 Provisions for pensions, termination benefits and similar obligations, 093 Provisions for ongoing legal cases,095 Provisions for warranty 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 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, Financial assets at fair value through profit or loss is indicated in TFI-POD form under AOP 051 Receivables from government and other institutions,052 Other receivables,060 Investments in securities,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.
obligations,096 Other provisions,116 Liabilities for advance payments,124 Accruals and deferred income.
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 presented by nature. Total amount of Cost of Sales, Selling, Administrative and Other operating expenses equals to amount of AOP 007 Operating expenses.
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