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

May 15, 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

	3-month period ended 31 March
	2020	2019	2020	2019
	PLN'000		EUR'000 [1]
Sales revenue	97 039	84 156	22 449	19 557
Financial market	58 719	49 486	13 584	11 500
Trading	41 512	32 015	9 603	7 440
Listing	5 371	5 271	1 243	1 225
Information services and revenue from calculation of reference rates	11 836	12 200	2 738	2 835
Commodity market	38 149	34 550	8 825	8 029
Trading	18 912	15 906	4 375	3 696
Register of certificates of origin	5 864	7 604	1 357	1 767
Clearing	13 082	10 871	3 026	2 526
Information services	291	169	67	39
Other revenue	171	120	40	28
Operating expenses	56 061	54 322	12 969	12 624
Other income	1 238	1 330	286	309
Gains on reversed impairment/(losses) on impairment of receivables	(1 061)	(1 131)	(245)	(263)
Other expenses	866	654	200	152
Operating profit	40 289	29 379	9 321	6 827
Financial income	4 278	2 095	990	487
Financial expenses	9 101	2 115	2 105	491
Gains on investment/(losses) on impairment of investment in other entities	-	-	-	-
Share of profit/(losses) of entities measured by equity method	1 981	989	458	230
Profit before income tax	37 447	30 348	8 663	7 052
Income tax	8 180	5 896	1 892	1 370
Profit for the period	29 267	24 452	6 771	5 682
Basic / Diluted earnings per share[2] (PLN, EUR)	0,70	0,58	0,16	0,13
EBITDA[3]	50 049	38 566	11 579	8 962

[1] Based on the 3M average EUR/PLN exchange rate published by the National Bank of Poland (1 EUR = 4.3226 PLN in 2020 and 1 EUR = 4.3032 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
	31 March 2020	31 December 2019	31 March 2020	31 December 2019
	PLN'000		EUR'000 [1]
Non-current assets	587 842	590 114	129 131	138 573
Property, plant and equipment	98 234	101 968	21 579	23 945
Right-to-use assets	21 323	22 725	4 684	5 336
Intangible assets	246 011	246 649	54 041	57 919
Investment in entities measured by equity method	211 737	210 327	46 512	49 390
Investment in non-consolidated subsidiaries	4 000	4 000	879	939
Subleasing receivables	566	523	124	123
Deferred tax assets	2 844	464	625	109
Financial assets measured at fair value through other comprehensive income	113	120	25	28
Prepayments	1 719	2 043	378	480
Other non-current assets	1 295	1 295	284	304
Current assets	740 208	666 680	162 601	156 553
Inventories	13	47	3	11
Corporate income tax receivable	-	4 132	-	970
Trade and other receivables	68 068	45 232	14 952	10 622
Subleasing receivables	239	190	53	45
Contract assets	1 856	2 415	408	567
Financial assets measured at amortised cost	243 280	328 998	53 441	77 257
Other current assets	4 397	4 382	966	1 029
Cash and cash equivalents	422 355	281 284	92 778	66 052
TOTAL ASSETS	1 328 050	1 256 794	291 732	295 126
Equity of the shareholders of the parent entity	900 965	872 881	197 914	204 974
Non-controlling interests	612	605	134	142
Non-current liabilities	276 854	283 502	60 816	66 573
Current liabilities	149 619	99 807	32 867	23 437
TOTAL EQUITY AND LIABILITIES	1 328 050	1 256 794	291 732	295 126

[1] Based on the average EUR/PLN exchange rate of the National Bank of Poland as at 31.03.2020 (1 EUR = 4,5523 PLN) and 31.12.2019 (1 EUR = 4.2585 PLN).

Selected financial ratios of the Group

	Year ended/ As at
	31 March 2020 31 March 2019
EBITDA margin (EBITDA/Sales revenue)	51,6%	45,8%
Operating profit margin (Operating profit/Sales revenue)	41,5%	34,9%
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	13,7%	20,5%
Debt to equity (Interest-bearing liabilities [1] /Equity)	29,6%	29,7%

[1] interest and principal payable