Ilirija d.d. — Interim / Quarterly Report 2018

Feb 28, 2019

Annex 1. Reporting period		01.01.	do	31.12.2018
			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	ZADAR 13			Number of employees: 245
Consolidated report:	NO			(period end) NKD code: 55100
Companies of the consolidation subject (according to IFRS):			Seat:	MB:
Bookkeeping service:
Contact person:	STRPIĆ ZORKA (only surname and name)
	Telephone: 023/383178			023/384564 Telefaks:
	E-mail address: zorkas@ilirijabiograd.com
Family name and name: RAŽNJEVIĆ GORAN
	(person authorized to represent the company)
Documents disclosed: 2. Management Interim Report;	and notes to financial statements);			1. Financial statements (Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity
			3. Declaration of the persons responsible for preparing the issuer's statements;
		L.S.		signature of the person authorized to represent the compan

Balance Sheet

as of 31/12/2018

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	411.817.035	439.597.308
I. INTANGIBLE ASSETS (004 to 009)	003	278.837	370.339
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	278.837	370.339
II. PROPERTY, PLANT AND EQUIPMENT (011 to 019)	010	411.499.504	439.188.275
1. Land	011	43.295.283	43.295.283
2. Buildings	012	242.521.819	257.064.450
3. Plant and equipement	013	43.949.750	59.648.779
4. Tools, working inventory and transportation assets	014
5. Biological assets 6. Advances for purchase of tangible assets	015
7. Tangible assets in progress	016 017	1.116.739 1.849.974	888.533 601.691
8. Other tangible assets	018
9. Investment in real-estate	019	78.765.939	77.689.539
III. NON-CURRENT FINANCIAL ASSETS (021 to 028)	020	38.694	38.694
1. Share in related parties	021	38.694	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	14.600.891	18.041.467
I. INVENTORIES (036 to 042)	035	2.070.087	2.305.187
1. Raw materials and supplies	036	2.070.087	2.305.187
2. Production in progress	037
3. Finished products	038
4. Merchandise 5. Advances for inventories	039
6. Long term assets held for sale	040
7. Biological assets	041 042
II. RECEIVABLES (044 to 049)	043	8.488.144	8.285.783
1. Receivables from related parties	044
2. Receivables from end-customers	045	7.132.712	5.700.756
3. Receivables from participating parties	046
4. Receivables from employees and members of the company	047	872.104	691.024
5. Receivables from government and other institutions	048	483.328	1.693.523
6. Other receivables	049		200.480
III. CURRENT FINANCIAL ASSETS (051 to 057)	050	2.531.796	2.152.027
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	2.531.796	2.152.027
7. Other financial assets IV. CASH AND CASH EQUIVALENTS	057	1.510.864	5.298.470
D) PREPAYMENTS AND ACCRUED INCOME	058 059
E) TOTAL ASSETS (001+002+034+059)	060	426.417.926	457.638.775
F) OFF BALANCE SHEET ITEMS	061

EQUITY AND LIABILITIES
A) ISSUED CAPITAL AND RESERVES (063+064+065+071+072+075+078)	062	295.955.230	317.135.376
I. SUBSCRIBED SHARE CAPITAL	063	229.146.480	229.146.480
II. CAPITAL RESERVES	064	2.723.874	2.932.389
III.RESERVES FROM PROFIT (066+067-068+069+070)	065	22.758.390	25.895.176
1. Legal reserves	066	9.477.986	12.477.986
2. Reserve for own shares	067	6.975.716	6.975.716
3. Treasury shares and shares (deductible items)	068	1.217.992	1.081.205
4. Statutory reserves	069
5. Other reserves	070	7.522.680	7.522.679
IV. REVALUATION RESERVES	071
V. RETAINED EARNINGS OR LOSS CARRIED FORWARD (073-074)	072	13.571.102	29.366.201
1. Retained earnings	073	13.571.102	29.366.201
2. Loss carried forward	074
VI. NET PROFIT OR LOSS FOR THE PERIOD (076-077)	075	27.755.384	29.795.130
1. Net profit for the period	076	27.755.384	29.795.130
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	102.844.372	103.363.082
1. Liabilites to related parties	084
2. Liabilities for loans, deposits, etc.	085
3. Liabilities to banks and other financial institutions	086	102.844.372	103.363.082
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	25.688.708	35.197.988
1. Liabilites to related parties	094
2. Liabilities for loans, deposits, etc.	095
3. Liabilities to banks and other financial institutions	096	10.973.271	13.372.716
4. Liabilities for advances	097
5. Trade payables	098	6.701.842	13.909.591
6. Commitments on securities	099
7. Liabilities to companies with participating interest	100
8. Liabilities to emloyees	101	1.988.594	2.415.605
9. Taxes, contributions and similar liabilities	102	4.713.710	4.176.543
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	1.311.291	1.323.533
E) ACCRUED EXPENSES AND DEFERRED INCOME	106	1.929.616	1.942.329
F) TOTAL EQUITY AND LIABILITIES (062+079+083+093+106)	107	426.417.926	457.638.775
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 31/12/2018

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	149.515.545	15.831.554	159.490.115	15.743.754
1. Sales revenues	112	146.322.013	13.793.598	157.999.499	15.337.329
2. Other operating revenues	113	3.193.532	2.037.956	1.490.616	406.425
II. OPERATING COSTS (115+116+120+124+125+126+129+130)	114	111.509.867	28.808.674	119.629.524	32.444.328
1. Change in inventories of work in progress	115
2. Material expenses (117 to 119)	116	40.927.142	9.491.191	42.402.724	10.914.690
a) Costs of raw materials	117	22.588.537	3.873.532	23.269.427	4.669.621
b) Cost of goods sold	118
c) Other material expenses	119	18.338.605	5.617.659	19.133.297	6.245.069
3. Employee benefits expenses (121 to 123)	120	35.265.395	8.404.725	38.668.915	9.737.941
a) Net salaries	121	21.487.137	5.136.302	23.386.708	5.951.780
b) Tax and contributions from salary expenses	122	8.602.348	2.034.573	9.598.379	2.353.245
c) Contributions on salary	123	5.175.910	1.233.850	5.683.828	1.432.916
4. Depreciation and amortisation	124	11.146.901	3.496.779	12.796.897	4.430.290
5. Other expenses	125	23.238.397	7.169.615	24.366.259	7.116.582
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	932.032	246.364	1.394.729	244.825
III. FINANCIAL INCOME (132 to 136)	131	961.132	830.209	1.558.765	1.379.889
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	961.132	830.209	1.558.765	1.379.889
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	4.564.586	1.207.859	4.384.189	981.428
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	4.564.586	1.207.859	4.384.189	981.428
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	150.476.677	16.661.763	161.048.880	17.123.643
X. TOTAL EXPENSES (114+137+143+145)	147	116.074.453	30.016.533	124.013.713	33.425.756
XI. PROFIT OR LOSS BEFORE TAXES (146-147)	148	34.402.224	-13.354.770	37.035.167	-16.302.113
1. Profit before taxes (146-147)	149	34.402.224	0	37.035.167	0
2. Loss before taxes (147-146)	150	0	13.354.770	0	16.302.113
XII. TAXATION	151	6.646.840		7.240.037
XIII. PROFIT OR LOSS FOR THE PERIOD (148-151)	152	27.755.384	-13.354.770	29.795.130	-16.302.113
1. Profit for the period (149-151)	153	27.755.384	0	29.795.130	0
2. Loss for the period (151-148)	154	0	13.354.770	0	16.302.113

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 31/12/2018

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	34.402.224	37.035.167
2. Depreciation and amortisation	002	11.146.901	12.796.897
3. Increase of current liabilities	003		9.521.993
4. Decrease of current receivables	004	1.469.058
5. Decrease of inventories	005	48.274
6. Other cash flow increases	006
I. Total increase of cash flow from operating activities	007	47.066.457	59.354.057
1. Decrease of current liabilities	008	6.268.071
2. Increase of current receivables	009		3.205.477
3. Increase of inventories	010		235.099
4. Other cash flow decreases	011	318.650	136.463
II. Total decrease of cash flow from operating activities	012	6.586.721	3.577.039
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES	013	40.479.736	55.777.018
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	281.749
III. Total cash inflows from investing activities	020	281.749	0
1. Purchase of non-current assets	021	24.618.457	27.780.273
2. Purchase of non-current financial assets	022
3. Other cash outflows from investing activities	023
IV. Total cash outflows from investing activities	024	24.618.457	27.780.273
B1) NET INCREASE OF CASH FLOW FROM INVESTING ACTIVITIES	025	0	0
B2) NET DECREASE OF CASH FLOW FROM INVESTING ACTIVITIES	026	24.336.708	27.780.273
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	0
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	11.279.764	7.280.673
2. Dividends paid	032	7.920.059	7.208.998
3. Repayment of finance lease	033	3.626.910	6.324.054
4. Purchase of treasury shares	034	677.575	357.900
5. Other cash outflows from financing activities	035	4.768.648	3.037.514
VI. Total cash outflows from financing activities	036	28.272.956	24.209.139
C1) NET INCREASE OF CASH FLOW FROM FINANCING ACTIVITIES	037	0	0
C2) NET DECREASE OF CASH FLOW FROM FINANCING ACTIVITIES	038	19.994.514	24.209.139
Total increases of cash flows (013-014+025-026+037-038)	039	0	3.787.606
Total decreases of cash flows (014-013+026-025+038-037)	040	3.851.486	0
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	1.510.864	5.298.470

STATEMENT OF CHANGES IN EQUITY
period 31.12.2018 1.1.2018 to
Position	AOP	Previous year	Current year
1	2	3	4
1. Subscribed share capital	001	229.146.480	229.146.480
2. Capital reserves	002	2.723.874	2.932.389
3. Reserves from profit	003	22.758.390	25.895.176
4. Retained earnings or loss carried forward	004	13.571.102	29.366.201
5. Net profit or loss for the period	005	27.755.384	29.795.130
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	295.955.230	317.135.376
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	20.271.322	21.180.146
17.Total increase or decrease of equity (AOP 011 to 016)	017	20.271.322	21.180.146
17 a. Attributable to majority owners	018
17 b. Attributable to minority interest	019