Fon SE — Interim / Quarterly Report 2019

Dec 18, 2019

FON SE

REPORT OF FON SE

9 MONTHS ENDED ON SEPTEMBER 30, 2019

IN ACCORDANCE WITH INTERNATIONAL FINANCIAL

REPORTING STANDARDS

Tallinn, 16/12/2019

FON SE

Start of the financial year: 1 January 2019

End of the financial year: 30 June 2020

Register code: 14617916

Address: Harju maakond, Tallinn, Kesklinna linnaosa, Tornimäe tn 5, 10145

E-mail: biuro@fon-sa.pl

Website: www.fon-sa.pl

Main activities: As of 30/09/2019 the activity is registered in Estonia under the name "holding company activities",

Supervisory Board: Małgorzata Patrowicz, Jacek Koralewski, Martyna Patrowicz, Wojciech Hetkowski

Management Board: Damian Patrowicz

	30.09.2019	31.12.2018
STATEMENT OF FINANCIAL POSITION	12 UR	FUR
Assets
Fixed Assets	8336
Intangible assets	0	8735
Tangible fixed assets	18	523
Long-term financial assets	8121	234
Long-term receivables	196	7978
Long-term accruals and prepayments	1	0 0
Current Assets
Inventories	1112	603
	0	105
Short-term receivables	703	13
Short-term financial assets	290	442
Cash and cash equivalents	119
Short-term accruals and prepayments	0	40
Total Assets	9448	3 9338

1. Statement of Financial Position (in thousand EUR)

Liabilities
Equity
Share Capital	9435	9324
Own shares (shares){negativevalue)	7700	7700
Supplementary capital from the sale of shares
above the nominal value and
from the reduction of the share capital	22477
Revaluation reserve	-11664	22427
Capital from merger of entities		-11664
Other provisions	3865	3862
Exchange differences	3805	3805
	-380	-333
Retained earnings/Unallocated financial result	-16313	-16471
Long-term Liabilities	0	0
Deferred income tax provision
Short-term Liabilities
Financial liabilities due to issuance of	14	14
securities
Trade liabilities	7
Other liabilities		б
	7	8

14	14
9448	9338

2. Income Statement and Statement of Comprehensive Income (in thousand EUR)

---

INCOME STATEMENT	The period ended	The period ended
	30.09.2019	31.12.2018
l. Revenue from sales of products, goods and materials		452
II. Cost of products, goods and	247
materials sold	-9	-54
III. Gross profit on sales	238	398
IV. Selling costs
V. General and administrative	0	0
expenses	-39	-157
VI. Other operating revenues
VII. Other operating costs	177	14
VIII. Profit on operating activities	-427	-832
IX. Financial revenues	-51	-577
X. Financial costs	646	7
XI. Pre-tax profit	-437	-1516
XII. Income tax
XIII. Net Profit
Net profit (loss) (in 9 months)	158	2086
	158	-2086

3. Statement of Changes in Equity (in thousand EUR)

STATEMENT OF CHANGES IN EQUITY	The period ended	The period ended
	30.09.2019	31.12.2018
Opening balance of equity	9324	15561
change of currency		-450

Opening balance of equity after reconciliation
to comparable data	9324	15111
Opening balance of share capital	7700	8379
Changes in the share capital	0	-679
increase (due to)	0	0
-issuance of shares	0	0
decrease (due to)	0	-679
-reduction of the capital	0	-670
-exchange differences	0	- g
Closing balance of share capital	7700	7700
Opening balance of own shares	0	0
Closing balance of own shares	0	0
Opening balance of supplementary capital	22422	22422
Changes in supplementary capital	0	0
a) increase (due to)	0
reduction of the nominal value of shares	0	0
Closing balance of supplementary capital	22422	0
Opening balance of revaluation capital	-11664	22422
Changes in revaluation capital	0	-7951
b) decrease (due to)	O	-3713
- valuation of financial assets	0	-3713
Closing balance of capital from revaluation	-11664	-3713
Opening balance of capital from merger		-11664
of entities	3865
Changes in other reserve capitals	0	3869
b) decrease (due to)	0	-4
- reduction due to merger	0	-4
Closing balance of capital from merger		-4
of entities	3865
Opening balance of other reserve capital	3805	3862
Changes in reserve capitals	0	3135
a) increase (due to)	0	670
- increase due to reduction of share		670
capital	0	670
Closing balance of other reserve capital	3805
Opening balance of retained profit/not settled loss of previous years	-16471	3805
b) decrease (due to)	158	-14385
		-2086

profit for the period
	158	-2086
Closing balance of retained profit/not settled loss of previous years	-16313	-16471
Exchange differences from converting gained income/loss into EUR
Exchange differences from reserve capital	209	410
Exchange differences from supplementary capital	-66	230
	-449	-648
Exchange differences from converting share capital into EUR
Exchange differences from other provisions	0	-234
Closing balance of equity	-74	-91
	9435	9324

4. Statement of Cash Flow (in thousand EUR)

服务和电子

CASH FLOWS STATEMENT	The period ended	The period ended
	30.09.2019	31.12.2018
Operating activities
Gross profit (loss)	158
Adjustments total		-2086
Amortization	-502	2122
(Profits) losses from exchange differences	8	48
Interests and dividends	16	2
		-405
(Profit) loss due to investment activities	215	2121
Change in the balance of other provisions
Change in the balance of other inventories	105	0
Change in the balance of receivables		204
Change in the balance of liabilities	-874	9
Change in the balance of accruals	0	-34
		10
Other adjustments	28	176
Exchange differences
Gross cash flows from operating activity	1344	-9
Investment activity		36

777	4534
	70
732	4256
45	208
370	4525
	0
	4525
	9
	0
	0
	2
	47
79	-47
40	87
119	40
	370 407 0 0 16 79

signature of person responsible for accounting:

Olesja Ivanson, EEST RSSEN CS Accountant OÜ 100D 10483583 ALLINN

Larssen CS OU

13 Narva road,

Tallinn 10151, Estonia