Ilirija d.d. — Interim / Quarterly Report 2016

Oct 17, 2016

Annex 1. Reporting period		2016 01.01.	to	30.09.2016.
		Quarterly financial report TFI-POD
Tax number (MB):	03311953
Company registration number (MBS)	060032302
Personal identification number (OIB): Issuing company: ILIRIJA d.d.	05951496767
Postal code and place	23210		BIOGRAD NA MORU
Street and house number: TINA UJEVIĆA 7
	E-mail address: ilirija@zd.t-com.hr
	Internet address www.ilirijabiograd.com
unicipality/city code and name	BIOGRAD NA MORU 22
County code and name	ZADARSKA 13			Number of employees:	336
Consolidated report:	NOT			(period end) NKD code:	55100
Companies of the consolidation subject (according to IFRS):			Seat:	MB:
Bookkeeping service:
Contact person: STRPIC ZORKA
Telephone: 023/383178	(only surname and name)			Telefaks: 023/384564
	E-mail address: zorkas@ilirijabiograd.com
Family name and name: RAŽNJEVIĆ GORAN	(person authorized to represent the company)
Documents disclosed:
and notes to financial statements);				1. Financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity
2. Management Interim Report;	3. Declaration of the persons responsible for preparing the issuer's statements;
		L.S.		(signature of the person authorized to represent the company)
		ILIRIJA dioničko društvo za ugostiteljstvo i turizam Biograd na Moru

Balance Sheet as of 30. 09. 2016.

Company: ILIRIJA d.d.
Position	AOP	Previous period	Current period
1	2	3	4
A) RECEIVABELS FOR SUBSCRIBED NOT PAID CAPITAL	001
B) NON-CURRENT ASSETS (003+010+020+029+033)	002	297.270.992	313.973.420
I. INTANGIBLE ASSETS (004 to 009)	003	0
1. Expenditure for development	004
2. Concessions, patents, licenses, trademarks, service marks, software and other rights	005
3. Goodwill	006
4. Advances for purchase of intangible assets	007
5. Intangible assets in progress	008
6. Other intangible assets	009
II. PROPERTY, PLANT AND EQUIPMENT (011 to 019)	010	297.230.992	313.933.420
1. Land	011	42.340.267	42.340.227
2. Buildings	012	206.831.179	221.199.612
3. Plant and equipement	013	29.978.179	39.388.902
4. Tools, working inventory and transportation assets	014
5. Biological assets	015
6. Advances for purchase of tangible assets	016	360.111	420.130
7. Tangible assets in progress	017	17.721.256	10.584.549
8. Other tangible assets	018
9. Investment in real-estate	019
III. NON-CURRENT FINANCIAL ASSETS (021 to 028) 1. Share in related parties	020	40.000 40.000	40.000 40.000
2. Loans to related parties	021 022
3. Participating interests (shares)	023
4. Loans to companies with participating interest	024
5. Investments in securities	025
6. Loans, deposits, etc.	026
7. Other non-current financial assets	027
8. Equity-accounted investments	028
IV. RECEIVABLES (030 to 032)	029	0	0
1. Receivables from related parties	030
2. Receivables arising from sales on credit	031
3. Other receivables	032
V. DEFERRED TAX ASSET	033
C) CURRENT ASSETS (035+043+050+058)	034	26.979.274	23.949.592
I. INVENTORIES (036 to 042)	035	2.698.414	2.410.935
1. Raw materials and supplies	036	2.698.414	2.410.935
2. Production in progress	037
3. Finished products	038
4. Merchandise	039
5. Advances for inventories	040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 to 049)	043	18.682.254	17.832.810
1. Receivables from related parties	044
2. Receivables from end-customers	045	17.169.412	16.524.251
3. Receivables from participating parties	046
4. Receivables from employees and members of the company	047	695.077	768.619
5. Receivables from government and other institutions	048	337.254	243.139
6. Other receivables	049	480.511	296.801
III. CURRENT FINANCIAL ASSETS (051 to 057)	050	4.929.195	3.670.925
1. Share in related parties	051
2. Loans to related parties	052
3. Participating interests (shares)	053
4. Loans to companies with participating interest	054
5. Investments in securities	055
6. Loans, deposits, etc.	056	4.929.195	3.670.925
7. Other financial assets	057
IV. CASH AND CASH EQUIVALENTS	058	669.411	34.922
D) PREPAYMENTS AND ACCRUED INCOME	059	1.121.927	485.504
E) TOTAL ASSETS (001+002+034+059) F) OFF BALANCE SHEET ITEMS	060 061	325.372.193	338.408.516

EQUITY AND LIABILITIES
A) ISSUED CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	213.593.054	256.102.675
I. SUBSCRIBED SHARE CAPITAL	063	137.162.300	159.085.880
II. CAPITAL RESERVES	064	829.039	8.921.539
III.RESERVES FROM PROFIT (066+067-068+069+070)	065	21.723.814	23.435.964
1. Legal reserves	066	7.610.343	9.477.986
2. Reserve for own shares	067	6.975.716	6.975.716
3. Treasury shares and shares (deductible items)	068	384.924	540.417
4. Statutory reserves	069
5. Other reserves	070	7.522.679	7.522.679
IV. REVALUATION RESERVES	071
V. RETAINED EARNINGS OR LOSS CARRIED FORWARD (073-074)	072	14.402.772	19.870.143
1. Retained earnings	073	14.402.772	19.870.143
2. Loss carried forward	074
VI. NET PROFIT OR LOSS FOR THE PERIOD (076-077)	075	39.475.129	44.789.148
1. Net profit for the period	076	39.475.129	44.789.148
2. Net loss for the period	077
VII. MINORITY INTEREST	078
B) PROVISIONS (080 to 082)	079	0	0
1. Provisions for pensions, severance pay and similar liabilities	080
2. Provisions for tax liabilities	081
3. Other provisions	082
C) NON-CURRENT LIABILITIES (084 to 092)	083	77.412.998	65.330.928
1. Liabilites to related parties	084
2. Liabilities for loans, deposits, etc.	085
3. Liabilities to banks and other financial institutions	086	77.412.998	65.330.928
4. Liabilities for advances	087
5. Trade payables	088
6. Commitments on securities	089
7. Liabilities to companies with participating interest	090
8. Other non-current liabilities	091
9. Deferred tax liabilities	092
D) CURRENT LIABILITIES (094 to 105)	093	31.443.327	15.296.636
1. Liabilites to related parties	094
2. Liabilities for loans, deposits, etc.	095
3. Liabilities to banks and other financial institutions	096	4.971.090	73.249
4. Liabilities for advances	097
5. Trade payables	098	17.905.467	9.905.127
6. Commitments on securities	099
7. Liabilities to companies with participating interest	100
8. Liabilities to emloyees	101	1.833.277	1.866.026
9. Taxes, contributions and similar liabilities	102	5.785.277	1.296.502
10. Liabilities arising from share in the result	103
11. Liabilities arising from non-current assets held for sale	104
12. Other current liabilities	105	948.216	2.155.731
E) ACCRUED EXPENSES AND DEFERRED INCOME	106	2.922.814	1.678.277
F) TOTAL EQUITY AND LIABILITIES (062+079+083+093+106)	107	325.372.193	338.408.516
G) OFF BALANCE SHEET ITEMS	108
ADDITION TO BALANCE SHEET (only for consolidated financial statements)
ISSUED CAPITAL AND RESERVES
1. Attributable to majority owners	109
2. Attributable to minority interest	110

Income statement period 01. 01. 2016. to 30. 09. 2016.
Company: ILIRIJA d.d.			Previous period Current period
Position	AOP	Cummulative	Quarter	Cummulative	Quarter
1	2	3	4	5	6
I. OPERATING INCOME (112 to 113)	111	116.037.178	63.329.652	116.292.366	64.202.461
1. Sales revenues	112	114.502.873 1.534.305	63.276.019 53.633	113.730.818 2.561.548	64.069.672 132.789
2. Other operating revenues II. OPERATING COSTS (115+116+120+124+125+126+129+130)	113 114	70.629.768	32.203.815	69.440.789	33.299.237
1. Change in inventories of work in progress	115
2. Material expenses (117 to 119)	116	30.054.833	15.034.324	26.001.717	13.533.639
a) Costs of raw materials	117	16.201.073	9.010.957	14.888.490	8.500.901
b) Cost of goods sold c) Other material expenses	118	13.853.760	6.023.367	11.113.228	5.032.738
3. Employee benefits expenses (121 to 123)	119 120	23.020.001	9.826.132	23.361.300	10.087.870
a) Net salaries	121	13.236.027	5.964.465	14.045.142	6.120.609
b) Tax and contributions from salary expenses	122	6.405.611	2.416.731	5.887.708	2.486.788
c) Contributions on salary	123	3.378.363	1.444.936	3.428.450	1.480.473
4. Depreciation and amortisation	124	5.602.665	1.867.555	6.169.486	2.056.495
5. Other expenses 6. Write down of assets (127+128)	125 126	11.952.269 0	5.475.804 0	13.908.285 0	7.621.233 0
a) non-current assets (except financial assets)	127
b) current assets (except financial assets)	128
7. Provisions	129
8. Other operating costs	130
III. FINANCIAL INCOME (132 to 136) 1. Interest, foreign exchange differences, dividens and similar income from related parties	131 132	169.969	120.438	1.376.108	1.315.995
2. Interest, foreign exchange differences, dividens and similar income from third parties	133	169.969	120.438	1.376.108	1.315.995
3. Income from investments in associates and joint ventures	134
4. Unrealised gains (income) from financial assets	135
5. Other financial income	136
IV. FINANCIAL EXPENSES (138 to 141)	137	3.131.122	806.308	2.675.230	715.167
1. Interest, foreign exchange differences, dividends and similar income from related parties	138
2. Interest, foreign exchange differences, dividends and similar income from third parties 3. Unrealised losses (expenses) from financial assets	139 140	3.131.122	806.308	2.675.230	715.167
4. Other financial expenses	141
V. SHARE OF PROFIT FROM ASSOCIATED COMPANIES	142
VI. SHARE OF LOSS FROM ASSOCIATED COMPANIES	143
VII. EXTRAORDINARY - OTHER INCOME	144	401.517	213.731	48.666	19.016
VIII. EXTRAORDINARY - OTHER EXPENSES IX. TOTAL INCOME (111+131+142+144)	145 146	3.379.319 116.608.664	2.280.500 63.663.821	811.973 117.717.140	325.817 65.537.472
X. TOTAL EXPENSES (114+137+143+145)	147	77.140.209	35.290.623	72.927.992	34.340.220
XI. PROFIT OR LOSS BEFORE TAXES (146-147)	148	39.468.455	28.373.198	44.789.148	31.197.252
1. Profit before taxes (146-147)	149	39.468.455	28.373.198	44.789.148	31.197.252
2. Loss before taxes (147-146)	150	0	0	0	0
XII. TAXATION	151	39.468.455	28.373.198	44.789.148	31.197.252
XII. PROFIT OR LOSS FOR THE PERIOD (148-151) 1. Profit for the period (149-151)	152 153	39.468.455	28.373.198	44.789.148	31.197.252
2. Loss for the period (151-148)	154	0	0	0	0
ADDITION TO PROFIT AND LOSS ACCOUNT (only for consolidated financial statements)
XIV. PROFIT OR LOSS FOR THE PERIOD
1. Attributable to majority owners	155
2. Attributable to minority interest STATEMENT OF OTHER COMPREHENSIVE INCOME (only for IFRS adopters)	156
I. PROFIT OR LOSS FOR THE PERIOD (=152)	157	39.468.455	28.373.198	44.789.148	31.197.252
II. OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAXES (159 to 165)	158	0	0	0	0
1. Exchange differences from international settlement	159
2. Changes in revaluation reserves of long-term tangible and intangible assets	160
3. Profit or loss from re-evaluation of financial assets held for sale 4. Profit or loss from cash flow hedging	161 162
5. Profit or loss from hedging of foreign investments	163
6. Share of other comprehensive income/loss from associatied companies	164
7. Actuarial gains/losses from defined benefit plans	165
III. TAXATION OF OTHER COMPREHENSIVE INCOME FOR THE PERIOD	166
IV. NET OTHER COMPREHENSIVE INCOME FOR THE PERIOD (158 - 166) V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (157+167)	167 168	0 39.468.455	0 28.373.198	0 44.789.148	0 31.197.252
ADDITION TO STATEMENT OF OTHER COMPREHENSIVE INCOME (only for consolidated financial statements)
VI. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD
1. Attributable to majority owners	169
2. Attributable to minority interest	170

Cash flow statement - indirect method
period 01. 01. 2016. to 30. 09. 2016.
Company: ILIRIJA d.d.
Position	AOP	Previous period	Current period
1	2	3	4
CASH FLOWS FROM OPERATING ACTIVITIES
1. Profit before tax	001	39.475.129	44.789.148
2. Depreciation and amortisation	002	813.760	566.821
3. Increase of current liabilities	003	381.183
4. Decrease of current receivables	004		849.444
5. Decrease of inventories	005	302.471	287.479
6. Other cash flow increases	006
I. Total increase of cash flow from operating activities	007	40.972.543	46.492.892
1. Decrease of current liabilities	008		16.146.691
2. Increase of current receivables	009	3.385.880
3. Increase of inventories	010
4. Other cash flow decreases	011	8.407.132	294.345
II. Total decrease of cash flow from operating activities	012	11.793.012	16.441.036
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES	013	29.179.531	30.051.856
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES	014	0	0
CASH FLOW FROM INVESTING ACTIVITIES
1. Proceeds from sale of non-current assets	015
2. Proceeds from sale of non-current financial assets	016
3. Interest received	017
4. Dividend received	018
5. Other proceeds from investing activities	019
III. Total cash inflows from investing activities	020	0	0
1. Purchase of non-current assets	021	3.167.124	9.410.723
2. Purchase of non-current financial assets	022
3. Other cash outflows from investing activities	023	5.754.749	10.275.452
IV. Total cash outflows from investing activities	024	8.921.873	19.686.175
B1) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES	025	0	0
B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES	026	8.921.873	19.686.175
CASH FLOW FROM FINANCING ACTIVITIES
1. Proceeds from issue of equity securities and debt securities	027
2. Proceeds from loans and borrowings	028
3. Other proceeds from financing activities	029	3.845.000	3.600.000
V. Total cash inflows from financing activities	030	3.845.000	3.600.000
1. Repayment of loans and bonds	031	12.014.996	12.240.479
2. Dividends paid	032
3. Repayment of finance lease	033
4. Purchase of treasury shares	034
5. Other cash outflows from financing activities	035	11.506.471	2.028.155
VI. Total cash outflows from financing activities	036	23.521.467	14.268.634
C1) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES	037	0	0
C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES	038	19.676.467	10.668.634
Total increases of cash flows	039	581.191	0
Total decreases of cash flows	040	0	302.953
Cash and cash equivalents at the beginning of period	041	88.220	337.876
Increase of cash and cash equivalents	042
Decrease of cash and cash equivalents	043
Cash and cash equivalents at the end of period	044	669.411	34.922

STATEMENT OF CHANGES IN EQUITY
period 30.9.2016 1.1.2016 to
Position	AOP	Previous year	Current year
1	2	3	4
1. Subscribed share capital	001	137.162.300	159.085.880
2. Capital reserves	002	829.039	8.921.539
3. Reserves from profit	003	21.723.815	23.435.964
4. Retained earnings or loss carried forward	004	14.402.772	19.870.143
5. Net profit or loss for the period	005	39.475.129	44.789.148
6. Revaluation of tangible assets	006
7. Revaluation of intangible assets	007
8. Revaluation of available for sale assets	008
9. Other revaluation	009
10. Total equity and reserves (AOP 001 to 009)	010	213.593.055	256.102.674
11. Foreign exchenge differences from foreign investments	011
12. Current and deferred taxes	012
13. Cash flow hedge	013
14. Change of accounting policies	014
a	015
16. Other changes	016	39.475.129	44.789.148
17.Total increase or decrease of equity (AOP 011 to 016)	017	39.475.129	44.789.148
17 a. Attributable to majority owners	018
17 b. Attributable to minority interest	019

ILIRIJA d.d. BIOGRAD NA MORU

Biograd na Moru, 14/10/2016

Statement made by the persons responsible for preparation of financial statements for the period from 01/01/ January 2016 to 30 September 2016

According to Article 403-410 of the Capital Market Act, we declare that:

1200

Financial statements of Ilirija d.d. Biograd na Moru, Tina Ujevića 7, Tax No. OIB: 05951496767 for the period from January to September 2016 have been prepared in accordance with International Financial Reporting Standards and Croatian Accounting Act.

The financial statements give a true and fair view of the financial position of the Company as at 30/09/2016, operating results and cash flows of the Company in accordance with International Financial Reporting Standards.

The Management's Report gives a true presentation of operating results and position of the Company as at 30/09/2016.

Accounting Manager:

Zorka Strpić

Management Board:

Goran Ražnjević

ILIRIJA dioničko društvo za ugostiteljstvo i turizam Biograd na Moru 5