GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2016

Oct 28, 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, reviewed

	Nine - month period ended 30 September
	2016	2015	2016	2015
	PLN'000			EUR'000 [1]
Sales revenue	229,150	244,071	52,584	58,708
Financial market	134,222	150,965	30,800	36,312
Trading	85,832	103,735	19,696	24,952
Listing	17,790	18,456	4,082	4,439
Information services	30,600	28,774	7,022	6,921
Commodity market	93,687	90,950	21,499	21,877
Trading	44,363	44,909	10,180	10,802
Register of certificates of origin	21,243	18,648	4,875	4,486
Clearing	28,081	27,392	6,444	6,589
Other revenue	1,241	2,157	285	519
Operating expenses	112,419	128,482	25,797	30,904
Other income	445	1,093	102	263
Other expenses	970	2,109	223	507
Operating profit	116,206	114,573	26,666	27,559
Financial income	10,639	8,078	2,441	1,943
Financial expenses	6,162	6,618	1,414	1,592
Share of profit of associates	2,282	187	524	45
Profit before income tax	122,965	116,220	28,217	27,955
Income tax expense	22,335	20,732	5,125	4,987
Profit for the period	100,630	95,488	23,092	22,968
Basic / Diluted earnings per share[2] (PLN, EUR)	2.40	2.28	0.55	0.55
EBITDA[3]	135,914	134,398	31,189	32,327

[1] Based on the nine-month average of EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.3578 PLN in the first nine months of 2016 and 1 EUR = 4.1574 PLN in the first nine months of 2015).

[2] Based on total net profit.

and 31.12.2015 (1 EUR = 4.2615 PLN).

[3] EBITDA = operating profit + depreciation and amortisation.

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

	As at
	30 September 2016	31 December 2015	30 September 2016	31 December 2015
	w PLN'000		EUR'000 [1]
Non-current assets	584,694	580,645	135,597	136,254
Property, plant and equipment	119,554	125,229	27,726	29,386
Intangible assets	262,401	261,728	60,854	61,417
Investment in associates	196,025	188,570	45,460	44,250
Deferred tax assets	1,749	-	406	-
Available-for-sale financial assets	288	282	67	66
Non-current prepayments	4,677	4,836	1,085	1,135
Current assets	462,093	442,170	107,164	103,759
Trade and other receivables	38,093	81,273	8,834	19,072
Cash and cash equivalents	423,933	360,393	98,315	84,570
Other current assets	67	504	16	118
TOTAL ASSETS	1,046,787	1,022,815	242,761	240,013
Equity attributable to the shareholders of the parent entity	722,353	720,721	167,522	169,124
Non-controlling interests	512	546	119	128
Non-current liabilities	137,314	258,799	31,845	60,729
Current liabilities	186,608	42,749	43,276	10,032
TOTAL EQUITY AND LIABILITIES	1,046,787	1,022,815	242,761	240,013

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.09.2016 (1 EUR = 4.3120 PLN)

Selected financial ratios of the Group

	Nine-month period ended/ As at
	30 September 2016	30 September 2015
EBITDA margin (EBITDA/Sales revenue)	59.3%	55.1%
Operating profit margin (Operating profit/Sales revenue)	50.7%	46.9%
Return on equity (ROE) (Net profit for the last 12 months / Average equity at the beginning and at the end of the last 12 month period	18.2%	17.5%
Debt to equity (Interest-bearing liabilities [1] /Equity) [1] interest and principal payable	34.1%	35.5%