Ilirija d.d. — Interim / Quarterly Report 2016

Feb 28, 2017

Annex 1. Reporting period			01.01.	2016	to	31.12.2016
				Quarterly financial report TFI-POD
Tax number (MB):		03311953
Company registration number (MBS):		060032302
Personal identification		05951496767
number (OIB): Issuing company: ILIRIJA d.d.
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	22	BIOGRAD NA MORU
County code and name	13	ZADARSKA				Number of employees:	216
Consolidated report:	NO					(period end) NKD code:	55100
Companies of the consolidation subject (according to IFRS):				Seat:		MB:
Bookkeeping service:
Contact person:	STRPIĆ 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: 1. Financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity and notes to financial statements); 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)

Balance Sheet as of 31/12/2016

Company: ILIRIJA d.d. BIOGRAD NA MORU
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	300.424.757	397.116.220
I. INTANGIBLE ASSETS (004 to 009)	003	471.783	376.657
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	471.783	376.657
II. PROPERTY, PLANT AND EQUIPMENT (011 to 019)	010	299.912.974	396.699.563
1. Land	011	42.340.227	42.340.227
2. Buildings	012	224.502.143	233.671.972
3. Plant and equipement 4. Tools, working inventory and transportation assets	013	32.154.204	39.598.712
5. Biological assets	014
6. Advances for purchase of tangible assets	015 016	488.422	1.391.522
7. Tangible assets in progress	017	427.978	1.183.813
8. Other tangible assets	018
9. Investment in real-estate	019		78.513.317
III. NON-CURRENT FINANCIAL ASSETS (021 to 028)	020	40.000	40.000
1. Share in related parties	021	40.000	40.000
2. Loans to related parties	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	14.726.911	16.069.949
I. INVENTORIES (036 to 042)	035	2.160.647	2.118.362
1. Raw materials and supplies	036	2.160.647	2.118.362
2. Production in progress	037
3. Finished products 4. Merchandise	038
5. Advances for inventories	039 040
6. Long term assets held for sale	041
7. Biological assets	042
II. RECEIVABLES (044 to 049)	043	7.775.000	9.072.148
1. Receivables from related parties	044
2. Receivables from end-customers	045	6.513.026	7.024.032
3. Receivables from participating parties	046
4. Receivables from employees and members of the company	047	800.776	781.536
5. Receivables from government and other institutions	048	377.162	1.169.662
6. Other receivables	049	84.036	96.918
III. CURRENT FINANCIAL ASSETS (051 to 057)	050	4.453.388	2.538.817
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 6. Loans, deposits, etc.	055
7. Other financial assets	056 057	4.453.388	2.538.817
IV. CASH AND CASH EQUIVALENTS	058	337.876	2.340.622
D) PREPAYMENTS AND ACCRUED INCOME	059
E) TOTAL ASSETS (001+002+034+059)	060	315.151.668	413.186.169
F) OFF BALANCE SHEET ITEMS	061

EQUITY AND LIABILITIES
A) ISSUED CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	216.376.168	275.683.908
I. SUBSCRIBED SHARE CAPITAL	063	150.857.300	174.977.880
II. CAPITAL RESERVES	064	8.921.539	26.723.874
III.RESERVES FROM PROFIT (066+067-068+069+070)	065	21.693.815	23.435.965
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	414.924	540.417
4. Statutory reserves	069
5. Other reserves	070	7.522.680	7.522.680
IV. REVALUATION RESERVES	071
V. RETAINED EARNINGS OR LOSS CARRIED FORWARD (073-074)	072	13.370.143	19.870.143
1. Retained earnings	073	13.370.143	19.870.143
2. Loss carried forward	074
VI. NET PROFIT OR LOSS FOR THE PERIOD (076-077)	075	21.533.371	30.676.046
1. Net profit for the period	076	21.533.371	30.676.046
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	59.934.774	103.615.865
1. Liabilites to related parties	084
2. Liabilities for loans, deposits, etc.	085
3. Liabilities to banks and other financial institutions	086	59.934.774	103.615.865
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	36.392.050	31.944.262
1. Liabilites to related parties	094
2. Liabilities for loans, deposits, etc.	095
3. Liabilities to banks and other financial institutions	096	3.803.426	13.693.479
4. Liabilities for advances	097
5. Trade payables	098	15.882.936	12.465.718
6. Commitments on securities	099	8.600.000	1.200.000
7. Liabilities to companies with participating interest	100
8. Liabilities to emloyees	101	1.131.821	1.216.150
9. Taxes, contributions and similar liabilities	102	6.105.430	1.315.225
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	868.437	2.053.690
E) ACCRUED EXPENSES AND DEFERRED INCOME	106	2.448.676	1.942.134
F) TOTAL EQUITY AND LIABILITIES (062+079+083+093+106)	107	315.151.668	413.186.169
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 31/12/2016

Company: ILIRIJA d.d. BIOGRAD NA MORU

Position	AOP	Previous period		Current period
		Cummulative	Quarter	Cummulative	Quarter
1	2	3	4	5	6
I. OPERATING INCOME (112 to 113)	111	127.122.380	11.085.202	127.310.683	11.007.467
1. Sales revenues	112	125.275.838	10.782.147	124.588.174	10.857.356
2. Other operating revenues	113	1.846.542	303.055	2.722.509	150.111
II. OPERATING COSTS (115+116+120+124+125+126+129+130)	114	95.895.048	21.511.961	90.601.944	20.550.501
1. Change in inventories of work in progress	115
2. Material expenses (117 to 119)	116	37.974.413	7.878.082	33.130.577	7.130.163
a) Costs of raw materials	117	20.106.892	3.905.182	18.339.620	3.450.301
b) Cost of goods sold	118
c) Other material expenses	119	17.867.521	3.972.900	14.790.957	3.679.862
3. Employee benefits expenses (121 to 123)	120	29.763.375	6.743.374	30.295.746	6.934.446
a) Net salaries	121	17.872.540	4.047.379	18.248.779	4.203.637
b) Tax and contributions from salary expenses	122	7.511.127	1.694.650	7.599.831	1.712.124
c) Contributions on salary	123	4.379.708	1.001.345	4.447.136	1.018.685
4. Depreciation and amortisation	124	8.225.981	2.056.492	9.012.252	2.253.063
5. Other expenses	125	19.931.279	4.834.013	18.163.369	4.232.829
6. Write down of assets (127+128)	126	0	0	0	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)	131	484.269	298.660	1.427.867	51.659
1. Interest, foreign exchange differences, dividens and similar income from related parties	132
2. Interest, foreign exchange differences, dividens and similar income from third parties	133	484.269	298.660	1.427.867	51.659
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	4.030.686	806.609	4.774.080	2.098.728
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	139	4.030.686	806.609	4.774.080	2.098.728
3. Unrealised losses (expenses) from financial assets	140
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	539.864	133.339	280.458	242.641
VIII. EXTRAORDINARY - OTHER EXPENSES	145	2.710.268	2.423.762	2.402.188	1.590.135
IX. TOTAL INCOME (111+131+142+144)	146	128.146.513	11.517.201	129.019.008	11.301.767
X. TOTAL EXPENSES (114+137+143+145)	147	102.636.002	24.742.332	97.778.212	24.239.364
XI. PROFIT OR LOSS BEFORE TAXES (146-147)	148	25.510.511	-13.225.131	31.240.796	-12.937.597
1. Profit before taxes (146-147)	149	25.510.511	0	31.240.796	0
2. Loss before taxes (147-146)	150	0	13.225.131	0	12.937.597
XII. TAXATION	151	3.977.139		564.750
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	21.533.372	-13.225.131	30.676.046	-12.937.597
1. Profit for the period (149-151)	153	21.533.372	0	30.676.046	0
2. Loss for the period (151-148)	154	0	13.225.131	0	12.937.597
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	156
STATEMENT OF OTHER COMPREHENSIVE INCOME (only for IFRS adopters)
I. PROFIT OR LOSS FOR THE PERIOD (=152)	157
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	161
4. Profit or loss from cash flow hedging	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)	167	0	0	0	0
V. COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (157+167)	168	0	0	0	0
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 31/12/2016

Company: ILIRIJA d.d. BIOGRAD NA MORU
Position	AOP	Previous period	Current period
1	2	3	4
CASH FLOWS FROM OPERATING ACTIVITIES
1. Profit before tax	001	25.510.509	31.240.796
2. Depreciation and amortisation	002	8.225.981	9.012.250
3. Increase of current liabilities	003	2.431.752
4. Decrease of current receivables	004
5. Decrease of inventories	005	115.293	42.285
6. Other cash flow increases	006
I. Total increase of cash flow from operating activities	007	36.283.535	40.295.331
1. Decrease of current liabilities	008		5.012.538
2. Increase of current receivables	009	561.105	1.297.148
3. Increase of inventories	010
4. Other cash flow decreases	011		506.542
II. Total decrease of cash flow from operating activities	012	561.105	6.816.228
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES	013	35.722.430	33.479.103
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			1.914.571
III. Total cash inflows from investing activities	019	0	1.914.571
1. Purchase of non-current assets	020	13.698.955	105.703.713
2. Purchase of non-current financial assets	021
3. Other cash outflows from investing activities	022
	023
IV. Total cash outflows from investing activities	024	13.698.955	105.703.713
B1) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES	025	0	0
B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES	026	13.698.955	103.789.142
CASH FLOW FROM FINANCING ACTIVITIES
1. Proceeds from issue of equity securities and debt securities	027	21.787.500	34.387.000
2. Proceeds from loans and borrowings	028		108.211.960
3. Other proceeds from financing activities	029
V. Total cash inflows from financing activities	030	21.787.500	142.598.960
1. Repayment of loans and bonds	031	38.778.859	62.031.649
2. Dividends paid	032	3.740.790	4.937.148
3. Repayment of finance lease	033		2.499.220
4. Purchase of treasury shares	034	30.000	125.493
5. Other cash outflows from financing activities	035	1.032.628	692.665
VI. Total cash outflows from financing activities	036	43.582.277	70.286.175
C1) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES	037	0	72.312.785
C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES	038	21.794.777	0
Total increases of cash flows (013-014+025-026+037-038)	039	228.698	2.002.746
Total decreases of cash flows (014-013+026-025+038-037)	040	0	0
Cash and cash equivalents at the beginning of period	041	109.178	337.876
Increase of cash and cash equivalents	042	228.698
Decrease of cash and cash equivalents	043
Cash and cash equivalents at the end of period	044	337.876	2.340.622

STATEMENT OF CHANGES IN EQUITY
period 31.12.2016 1.1.2016 to
Position	AOP	Previous year	Current year
1	2	3	4
1. Subscribed share capital	001	150.857.300	174.977.880
2. Capital reserves	002	8.921.539	26.723.874
3. Reserves from profit	003	21.693.815	23.435.965
4. Retained earnings or loss carried forward	004	13.370.143	19.870.143
5. Net profit or loss for the period	005	21.533.371	30.676.046
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	216.376.168	275.683.908
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
15. Correction of significant mistakes pf prior period	015
16. Other changes	016	38.517.453	59.307.740
17.Total increase or decrease of equity (AOP 011 to 016)	017	38.517.453	59.307.740
17 a. Attributable to majority owners	018
17 b. Attributable to minority interest	019