GPW - Giełda Papierów Wartościowych w Warszawie S.A. — Interim / Quarterly Report 2020

Aug 13, 2020

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, not audited

	6-month period ended 30 June
	2020	2019	2020	2019
	PLN'000		EUR'000 [1]
Sales revenue	198 169	173 296	44 889	40 364
Financial market	119 390	94 934	27 044	22 112
Trading	85 557	60 444	19 380	14 079
Listing	9 121	10 334	2 066	2 407
Information services and revenue from calculation of reference rates	24 712	24 156	5 598	5 626
Commodity market	78 254	77 978	17 726	18 163
Trading	38 259	38 004	8 666	8 852
Register of certificates of origin	14 967	16 560	3 390	3 857
Clearing	24 442	23 074	5 537	5 374
Information services	586	340	133	79
Other revenue	525	384	119	90
Operating expenses	101 109	97 657	22 903	22 746
Other income	3 061	3 206	693	747
Gains on reversed impairment/(losses) on impairment of receivables	(278)	276	(63)	64
Other expenses	5 468	1 573	1 239	366
Operating profit	94 375	77 548	21 378	18 063
Financial income	5 423	4 497	1 228	1 047
Financial expenses	14 140	4 421	3 203	1 030
Gains on investment/(losses) on impairment of investment in other entities	(583)	-	(132)	-
Share of profit/(losses) of entities measured by equity method	6 385	4 628	1 446	1 078
Profit before income tax	91 460	82 251	20 718	19 158
Income tax	18 694	15 249	4 235	3 552
Profit for the period	72 766	67 002	16 483	15 606
Basic / Diluted earnings per share[2] (PLN, EUR)	1,73	1,60	0,39	0,37
EBITDA[3]	113 212	96 150	25 645	22 395

[1] Based on the 6M average EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.4146 PLN in 2020 and 1 EUR = 4.2933 PLN in 2019)

[2] Based on total net profit

[3] EBITDA = operating profit + depreciation and amortisation

Selected data in the statement of financial position, consolidated, under IFRS, not audited

	As at
	30 June 2020	31 December 2019	30 June 2020	31 December 2019
	PLN'000		EUR'000 [1]
Non-current assets	577 404	590 114	129 289	138 573
Property, plant and equipment	95 597	101 968	21 406	23 945
Right-to-use assets	20 494	22 725	4 589	5 336
Intangible assets	241 868	246 649	54 158	57 919
Investment in entities measured by equity method	211 132	210 327	47 275	49 390
Investment in non-consolidated subsidiaries	4 000	4 000	896	939
Subleasing receivables	399	523	89	123
Deferred tax assets	1 219	464	273	109
Financial assets measured at fair value through other comprehensive income	116	120	26	28
Prepayments	1 409	2 043	315	480
Other non-current assets	1 170	1 295	262	304
Current assets	804 764	666 680	180 198	156 553
Inventories	16	47	4	11
Corporate income tax receivable	-	4 132	-	970
Trade and other receivables	62 087	45 232	13 902	10 622
Subleasing receivables	223	190	50	45
Contract assets	3 048	2 415	682	567
Financial assets measured at amortised cost	316 505	328 998	70 870	77 257
Other current assets	4 504	4 382	1 009	1 029
Cash and cash equivalents	418 381	281 284	93 681	66 052
TOTAL ASSETS	1 382 168	1 256 794	309 487	295 126
Equity of the shareholders of the parent entity	845 023	872 881	189 213	204 974
Non-controlling interests	610	605	137	142
Non-current liabilities	278 030	283 502	62 255	66 573
Current liabilities	258 504	99 807	57 883	23 437
TOTAL EQUITY AND LIABILITIES	1 382 168	1 256 794	309 487	295 126

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 30.06.2020 (1 EUR = 4.4660 PLN) and 31.12.2019 (1 EUR = 4.2585 PLN).

Selected financial ratios of the Group

	Year ended/ As at
	30 June 2020	30 June 2019
EBITDA margin (EBITDA/Sales revenue)	57,1%	55,5%
Operating profit margin (Operating profit/Sales revenue)	47,6%	44,7%
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	15,0%	17,3%
Debt to equity (Interest-bearing liabilities [1] /Equity)	31,4%	32,8%

[1] interest and principal payable