GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2017

Jul 27, 2017

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

	Six-month period ended 30 June
	2017	2016	2017	2016
	PLN'000		EUR'000 [1]
Sales revenue	178,669	155,492	41,839	35,612
Financial market	108,294	87,459	25,359	20,031
Trading	74,812	54,891	17,519	12,572
Listing	12,412	12,000	2,907	2,748
Information services	21,070	20,568	4,934	4,711
Commodity market	69,714	67,045	16,325	15,355
Trading	33,223	30,756	7,780	7,044
Register of certificates of origin	16,897	15,751	3,957	3,607
Clearing	19,594	20,538	4,588	4,704
Other revenue	661	988	155	226
Operating expenses	84,280	84,148	19,736	19,272
Other income	361	552	85	126
Other expenses	5,282	610	1,237	140
Operating profit	89,468	71,286	20,951	16,326
Financial income	2,932	7,209	686	1,651
Financial expenses	10,048	5,909	2,353	1,353
Share of profit of associates	4,540	(14)	1,063	(3)
Profit before income tax	86,892	72,572	20,347	16,621
Income tax expense	17,200	13,938	4,028	3,192
Profit for the period	69,692	58,634	16,320	13,429
Basic / Diluted earnings per share[2] (PLN, EUR)	1.66	1.40	0.39	0.32
EBITDA[3]	102,885	84,197	24,093	19,283

[1] Based on average quarterly EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4,2704 PLN in H1 2017 and 1 EUR = 4,3663 PLN in H1 2016).

[2] Based on total net profit

and 31.12.2016 r. (1 EUR = 4,4240 PLN).

[3] EBITDA = operating profit + depreciation and amortisation

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

	As at
	30 June 2017	31 December 2016	30 June 2017	31 December 2016
	PLN'000			EUR'000 [1]
Non-current assets	597,220	597,287	141,304	135,011
Property, plant and equipment	113,777	119,130	26,920	26,928
Intangible assets	271,380	273,815	64,209	61,893
Investment in associates	201,590	197,231	47,697	44,582
Deferred tax assets	3,349	1,809	792	409
Available-for-sale financial assets	278	288	66	65
Prepayments	6,846	5,014	1,620	1,133
Current assets	615,476	560,561	145,623	126,709
Corporate income tax receivable	71	428	17	97
Trade and other receivables	89,069	113,262	21,074	25,602
Cash and cash equivalents	526,283	446,814	124,520	100,998
Other current assets	53	57	13	13
TOTAL ASSETS	1,212,696	1,157,848	286,927	261,720
Equity attributable to the shareholders of the parent entity	724,056	744,727	171,313	168,338
Non-controlling interests	535	525	127	119
Non-current liabilities	258,780	143,422	61,228	32,419
Current liabilities	229,325	269,174	54,259	60,844
TOTAL EQUITY AND LIABILITIES	1,212,696	1,157,848	286,927	261,720

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.06.2017 r. (1 EUR = 4,2265 PLN)

Selected financial ratios of the Group

	Three-month period ended/ As at
	31 March 2017	31 March 2016
EBITDA margin (EBITDA/Sales revenue)	57.6%	54.1%
Operating profit margin (Operating profit/Sales revenue)	50.1%	45.8%
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	20.4%	17.4%
Debt to equity (Interest-bearing liabilities [1] /Equity) [1] interest and principal payable	42.1%	36.4%