Ilirija d.d. — Interim / Quarterly Report 2018

Apr 30, 2018

Annex 1. Reporting period			01.01.	do		31.03.2018.
				Quarterly financial report TFI-POD
Tax number (MB):		03311953
Company registration number (MBS):		060032302
Personal identification number (OIB):		05951496767
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:	240
Consolidated report:	NO					(period end) NKD code:	5510
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: and notes to financial statements); 2. Management Interim Report;				3. Declaration of the persons responsible for preparing the issuer's statements;		1. Financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity
			L.S.			(signature of the person authorized to represent the company)

Balance Sheet

as of 31/03/2018

Company: ILIRIJA d.d. BIOGRAD NA MORU
Position	AOP	Previous	Current
		period	period
1	2	3	4
A) RECEIVABELS FOR SUBSCRIBED NOT PAID CAPITAL	001
B) NON-CURRENT ASSETS (003+010+020+029+033)	002	407.395.772	424.385.649
I. INTANGIBLE ASSETS (004 to 009)	003	336.452	299.528
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	336.452	299.528
II. PROPERTY, PLANT AND EQUIPMENT (011 to 019)	010	407.019.320	424.047.427
1. Land	011	42.340.227	43.295.283
2. Buildings	012	232.347.442	241.132.567
3. Plant and equipement	013	42.304.303	51.453.578
4. Tools, working inventory and transportation assets	014
5. Biological assets	015
6. Advances for purchase of tangible assets	016	1.239.522	2.573.552
7. Tangible assets in progress		9.110.601	7.128.906
8. Other tangible assets	017
	018
9. Investment in real-estate	019	79.677.225	78.463.541
III. NON-CURRENT FINANCIAL ASSETS (021 to 028)	020	40.000	38.694
1. Share in related parties	021	40.000	38.694
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	12.412.507	12.011.819
I. INVENTORIES (036 to 042)	035	2.358.997	2.213.961
1. Raw materials and supplies	036	2.358.997	2.213.961
2. Production in progress	037
3. Finished products	038
4. Merchandise	039
5. Advances for inventories	040
6. Long term assets held for sale
7. Biological assets	041
II. RECEIVABLES (044 to 049)	042	6.543.758	7.860.784
1. Receivables from related parties	043
2. Receivables from end-customers	044
	045	5.292.150	6.579.632
3. Receivables from participating parties	046
4. Receivables from employees and members of the company	047	826.678	837.469
5. Receivables from government and other institutions	048	330.912	379.374
6. Other receivables	049	94.018	64.309
III. CURRENT FINANCIAL ASSETS (051 to 057)	050	2.434.811	1.717.081
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	2.434.811	2.055.765
7. Other financial assets	057
IV. CASH AND CASH EQUIVALENTS	058	1.074.941	219.993
D) PREPAYMENTS AND ACCRUED INCOME	059
E) TOTAL ASSETS (001+002+034+059)	060	419.808.279	436.397.468
F) OFF BALANCE SHEET ITEMS	061

EQUITY AND LIABILITIES
A) ISSUED CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	278.359.544	299.275.231
I. SUBSCRIBED SHARE CAPITAL	063	174.977.880	229.146.480
II. CAPITAL RESERVES	064	26.723.874	2.723.874
III.RESERVES FROM PROFIT (066+067-068+069+070)	065	23.435.964	22.758.389
1. Legal reserves	066	9.477.986	9.477.986
2. Reserve for own shares	067	6.975.716	6.975.716
3. Treasury shares and shares (deductible items)	068	540.417	1.217.992
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	50.546.190	41.326.486
1. Retained earnings	073	50.546.190	41.326.486
2. Loss carried forward	074
VI. NET PROFIT OR LOSS FOR THE PERIOD (076-077)	075	2.675.636	3.320.002
1. Net profit for the period	076	2.675.636	3.320.002
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	109.846.075	110.288.785
1. Liabilites to related parties	084
2. Liabilities for loans, deposits, etc.	085
3. Liabilities to banks and other financial institutions	086	109.846.075	110.288.785
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	26.132.786	22.398.973
1. Liabilites to related parties	094
2. Liabilities for loans, deposits, etc.	095
3. Liabilities to banks and other financial institutions	096	11.982.449	8.035.244
4. Liabilities for advances	097
5. Trade payables	098	9.038.461	7.922.632
6. Commitments on securities	099	1.500.000
7. Liabilities to companies with participating interest	100
8. Liabilities to emloyees	101	1.256.163	1.379.031
9. Taxes, contributions and similar liabilities	102	1.361.294	3.750.775
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	994.419	1.311.291
E) ACCRUED EXPENSES AND DEFERRED INCOME	106	5.469.874	4.434.479
F) TOTAL EQUITY AND LIABILITIES (062+079+083+093+106)	107	419.808.279	436.397.468
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 01/01/2018 to 31/03/2018

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	20.642.373	20.642.373	23.749.772	23.749.772
1. Sales revenues	112	20.565.717	20.565.717	23.448.076	23.448.076
2. Other operating revenues	113	76.656	76.656	301.696	301.696
II. OPERATING COSTS (115+116+120+124+125+126+129+130)	114	16.869.128	16.869.128	19.350.018	19.350.018
1. Change in inventories of work in progress	115
2. Material expenses (117 to 119)	116	5.156.741	5.156.741	5.360.683	5.360.683
a) Costs of raw materials	117	2.072.545	2.072.545	2.498.181	2.498.181
b) Cost of goods sold	118
c) Other material expenses	119	3.084.196	3.084.196	2.862.502	2.862.502
3. Employee benefits expenses (121 to 123)	120	6.131.313	6.131.313	6.821.463	6.821.463
a) Net salaries	121	3.689.787	3.689.787	4.068.966	4.068.966
b) Tax and contributions from salary expenses	122	1.541.701	1.541.701	1.751.395	1.751.395
c) Contributions on salary	123	899.825	899.825	1.001.102	1.001.102
4. Depreciation and amortisation	124	2.551.212	2.551.212	2.788.869	2.788.869
5. Other expenses	125	2.911.900	2.911.900	3.394.306	3.394.306
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	117.962	117.962	984.697	984.697
III. FINANCIAL INCOME (132 to 136)	131	23.419	23.419	22.186	22.186
1. Interest, foreign exchange differences, dividens and similar income from related parties	132	23.419	23.419	22.186	22.186
2. Interest, foreign exchange differences, dividens and similar income from third parties	133
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	1.121.028	1.121.028	1.101.938	1.101.938
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	1.121.028	1.121.028	1.101.938	1.101.938
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
VIII. EXTRAORDINARY - OTHER EXPENSES	145
IX. TOTAL INCOME (111+131+142+144)	146	20.665.792	20.665.792	23.771.958	23.771.958
X. TOTAL EXPENSES (114+137+143+145)	147	17.990.156	17.990.156	20.451.956	20.451.956
XI. PROFIT OR LOSS BEFORE TAXES (146-147)	148	2.675.636	2.675.636	3.320.002	3.320.002
1. Profit before taxes (146-147)	149	2.675.636	2.675.636	3.320.002	3.320.002
2. Loss before taxes (147-146)	150	0	0	0	0
XII. TAXATION	151
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	2.675.636	2.675.636	3.320.002	3.320.002
1. Profit for the period (149-151)	153	2.675.636	2.675.636	3.320.002	3.320.002
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	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 01/01/2018 to 31/03/2018

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	2.675.636	3.320.002
2. Depreciation and amortisation	002	2.551.212	2.788.869
3. Increase of current liabilities	003
4. Decrease of current receivables	004
5. Decrease of inventories	005		145.036
6. Other cash flow increases	006
I. Total increase of cash flow from operating activities	007	5.226.848	6.253.907
1. Decrease of current liabilities	008	9.661.705	3.733.813
2. Increase of current receivables	009	337.537	1.317.026
3. Increase of inventories	010	251.258
4. Other cash flow decreases	011
II. Total decrease of cash flow from operating activities	012	10.250.500	5.050.839
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES	013	0	1.203.068
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES	014	5.023.652	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	2.599.175	5.278.932
III. Total cash inflows from investing activities	020	2.599.175	5.278.932
1. Purchase of non-current assets	021	3.933.168	3.651.158
2. Purchase of non-current financial assets	022
3. Other cash outflows from investing activities	023
IV. Total cash outflows from investing activities	024	3.766.832	3.651.158
B1) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES	025	0	1.627.774
B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES	026	1.167.657	0
CASH FLOW FROM FINANCING ACTIVITIES
1. Proceeds from issue of equity securities and debt securities	027
2. Proceeds from loans and borrowings	028	8.278.442
3. Other proceeds from financing activities	029
V. Total cash inflows from financing activities	030	8.278.442	0
1. Repayment of loans and bonds	031	2.616.170	1.657.510
2. Dividends paid	032
3. Repayment of finance lease	033	736.644	2.464.203
4. Purchase of treasury shares	034
5. Other cash outflows from financing activities	035
VI. Total cash outflows from financing activities	036	3.352.814	4.121.713
C1) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES	037	4.925.628	0
C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES	038	0	4.121.713
Total increases of cash flows (013-014+025-026+037-038)	039	0	0
Total decreases of cash flows (014-013+026-025+038-037)	040	1.265.681	1.290.871
Cash and cash equivalents at the beginning of period	041	2.340.622	1.510.864
Increase of cash and cash equivalents	042
Decrease of cash and cash equivalents	043
Cash and cash equivalents at the end of period	044	1.074.941	219.993

STATEMENT OF CHANGES IN EQUITY
period 31.3.2018 1.1.2018 to
Position	AOP	Previous year	Current year
1	2	3	4
1. Subscribed share capital	001	174.977.880	229.146.480
2. Capital reserves	002	26.723.874	2.723.874
3. Reserves from profit	003	23.435.964	22.758.389
4. Retained earnings or loss carried forward	004	50.546.190	41.326.486
5. Net profit or loss for the period	005	2.675.636	3.320.002
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	278.359.544	299.275.231
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
17.Total increase or decrease of equity (AOP 011 to 016)	017	59.348.843	20.915.687
17 a. Attributable to majority owners	018
17 b. Attributable to minority interest	019