GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2018

Jul 31, 2018

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
	2018	2017	2018	2017
	PLN'000			EUR'000 [1]
Sales revenue	172 583	178 669	40 884	41 839
Financial market	96 635	108 123	22 892	25 319
Trading	63 000	74 812	14 924	17 519
Listing	11 759	12 412	2 786	2 907
Information services and revenue from calculation of reference rates	21 876	20 899	5 182	4 894
Commodity market	75 446	69 885	17 873	16 365
Trading	37 384	33 223	8 856	7 780
Register of certificates of origin	16 049	16 897	3 802	3 957
Clearing	21 783	19 594	5 160	4 588
Information services	230	171	54	40
Other revenue	502	661	119	155
Operating expenses	88 353	84 280	20 930	19 736
Other income	1 137	361	269	85
Impairment losses	1 851	-	438	-
Other expenses	2 495	5 282	591	1 237
Operating profit	81 021	89 468	19 193	20 951
Financial income	50 058	2 932	11 858	686
Financial expenses	4 332	10 048	1 026	2 353
Share of profit of associates	5 218	4 540	1 236	1 063
Profit before income tax	131 965	86 892	31 262	20 347
Income tax expense	24 362	17 200	5 771	4 028
Profit for the period	107 603	69 692	25 490	16 320
Basic / Diluted earnings per share[2] (PLN, EUR)	2,56	1,66	0,61	0,39
EBITDA[3]	96 938	102 885	22 964	24 093

[1] Based on the half-year average EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.2213 PLN in H1 2018 and 1 EUR = 4.2704 PLN in H1 2017)

[2] Based on total net profit

EUR = 4.1709 PLN).

[3] EBITDA = operating profit + depreciation and amortisation

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

	As at
		30 June 2018 31 December 2017 30 June 2018		31 December 2017
	PLN'000		EUR'000 [1]
Non-current assets	578 568	596 354	132 650	142 980
Property, plant and equipment	108 245	110 784	24 818	26 561
Intangible assets	262 542	267 991	60 194	64 253
Investment in associates	199 929	207 389	45 838	49 723
Deferred tax assets	1 800	3 803	413	912
Available-for-sale financial assets	-	271	-	65
Financial assets measured at fair value through other comprehensive income	204	-	47	-
Prepayments	5 848	6 116	1 341	1 466
Current assets	693 410	550 699	158 981	132 034
Corporate income tax receivable	71	71	16	17
Trade and other receivables	68 509	64 096	15 707	15 367
Contract assets	1 946	-	446	-
Financial assets measured at amortised cost	110 840	-	25 413	-
Cash and cash equivalents	511 984	486 476	117 384	116 636
Other current assets	60	56	14	13
TOTAL ASSETS	1 271 978	1 147 053	291 631	275 013
Equity attributable to the shareholders of the parent entity	825 916	810 908	189 361	194 420
Non-controlling interests	583	573	134	137
Non-current liabilities	256 484	259 951	58 805	62 325
Current liabilities	188 995	75 621	43 331	18 131
TOTAL EQUITY AND LIABILITIES	1 271 978	1 147 053	291 631	275 013

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.06.2018 (1 EUR = 4.3616 PLN) and 31.12.2017 (1

Selected financial ratios of the Group

	Year ended / As at
	30 June 2018	30 June 2017
EBITDA margin (EBITDA/Sales revenue)	56,2%	57,6%
Operating profit margin (Operating profit/Sales revenue)	46,9%	50,1%
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	25,0%	20,4%
Debt to equity (Interest-bearing liabilities [1] /Equity) [1] interest and principal payable	29,7%	42,1%