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Institut IGH d.d.
Annual Report • Jul 4, 2024
2091_10-q_2024-07-04_3d7dfea7-4a02-4244-bc38-dee1362ddbb5.pdf
Annual Report
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Zagreb, February 28, 2023
Statement of the Management Board on the responsibility for preparing financial reports for Subject: the Group Institut IGH, JSC
The Company's Management Board has to ensure that the Group's unaudited financial reports for the accounting period from January to December 2022 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 120/16) and International Financial Reporting Standards as adopted by the European Union, so that these documents provide a true and unbiased picture of the Group's financial standing, business results, change in capital, and cash flow for the period under consideration.
After making due enquiries, the Management Board has a reasonable expectation that the Group has adequate resources to continue operation in the foreseeable future. Accordingly, the Group has prepared its financial reports under assumption that the Group will continue operating for an unlimited period of time.
During preparation of financial reports, the Management Board is responsible:
- · for the selection and, thereafter, for consistent use of appropriate accounting policies;
- · for giving reasonable and sensible assessments and estimates;
- · for applying valid financial reporting standards and for making public and explaining every materially significant discrepancy discovered in financial reports;
- · for preparing financial reports under assumption of an unlimited period of operation, except in cases when such assumption is inappropriate.
The Management Board is responsible for keeping proper accountancy records that will depict, to an acceptable level of accuracy, the financial standing and business results of the Group, in full compliance with the Accountancy Law and International Financial Reporting Standards issued by the International Accounting Standards Board (IASB). The Management Board is also responsible for protecting and safeguarding the Group's assets, and hence for undertaking every measure it deems necessary to prevent and discover cases of fraud and other illegal activity.
Signed on the behalf of the Management Board
Robert Petrosian, President of the Management Bord
INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Croatia
PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAIL [email protected] WEB www.igh.hr
Competent couri: Commercial Court in tegister entry with company registra No 080000959
Share capital: HRK 116,604,710.00 Paid in fuil
No of issued shares: IGH 613,709 Nominal share value HRK 190
10 lonzos
Reg.No .: 3750272 PIN: 79766124714 Business bank: Nova hrvatska banka d.d IBAN: HR6825030071100087335 SWIFT code: VBCRHR22
Management Board: Robert Petrosian, President of the Management Board
Supervisory Board: Žarko Dešković, MEng.CE
President of the Supervisory Board
Zagreb, February 28, 2022
Subject: Management Report on business results of the Company Institut IGH d.d. and its subsidiaries in the period from January 1 to December 31 2022.
Institut IGH d.d.
In the period from January to December 2022, Institut IGH d.d operated with revenue amounting to HRK 181 million. Operating expenses are (excluding amortization) amount to HRK 138,4 million.
After the amortization cost in the amount of HRK 18,1 million, negative effect of interest and exchange rate differences in the amount of HRK 9,7 million, Institut IGH d.d operated at a profit amounting HRK 12,6 million.
The Company actively implements the policy of increasing liquidity and shortening the period of settlement of liabilities to suppliers and subcontractors of the Company, and the collection of overdue receivables within the agreed deadlines.
The company's activities are aimed at opening representative offices in new markets (Egypt, Uzbekistan) where new infrastructure projects of importance are expected in these markets.
The Company continues to fulfill the set short-term activity plan, improve and further digitize business processes, and invest in new areas of activities such as research and development, waste management, and expansion of already started ones such as BIM.
Between January 1 and December 31, 2022 the new contracted in total of HRK 137,6 million.
IGH Group
In the period from January to December 2022, IGH Group operated at a revenue amounting to HRK 182,6 million. Operating expenses (excluding amortization) amount to HRK 140,5 million.
After the amortization cost in the amount of HRK 18,1 million, negative effect of interest and exchange rate differences in the amount of HRK 10,4 million, IGH Group operated at a gross profit amounting HRK 11,2 million
The IGH Institute continues with further enhanced activities defined by the Strategic Development Plan until 2024, which plans additional investments and investments in projects of significant interest for the development of the Institute and the Group. In addition, the IGH Institute is focused on increasing Iabour productivity and efficient and efficient realization of projects.
With all the above and the company's human resources, activities in international markets aimed at sustainable growth and development of the Company and Group are intensifying.
On behalf of the INSTITUT IGH, d.d. Management Board;
Robert Petrosian President of the Management Board
INSTITUT IGH, d d. Janka Rakuše 1 10000 Zagreb, Croatia
PHONE +385 (0)1 612 51 25 FAX +385 (0)1 612 54 01 EMAJL [email protected] WEB www.igh hr
Competent court: Commercial Court in Zagreb Register entry with company No 080000959
Share capital: HRK 116,604,710.00 Paid in frill
No of issued shares: IGH 613,709 Nominal share value HRK 190
5030071100087335 SWIFT code: VBCRHR22
Management Board: Robert Petrosian, President of the Management Board
Supervisory Board:
Žarko Dešković, MEng.CE President of the Supervisory Board
| Annex 1 | |
|---|---|
| ISSUER'S GENERAL DATA | |
| Reporting period: | 1.1.2022 31.12.2022 to |
| Year: | 2022 |
| Quarter: | 4. |
| Quarterly financial statements | |
| egistration number (MB): 03750272 |
Issuer's home Member HR State code: |
| Entity's registration 80000959 number (MBS): |
|
| Personal identification 79766124714 number (OIB): |
LEI: 74780000W0UQ8MF2FU71 |
| Institution 1461 code: |
|
| Name of the issuer: INSTITUT IGH D.D. | |
| Postcode and town: 10000 |
ZAGREB |
| treet and house number: JANKA RAKUSE 1 | |
| E-mail address: [email protected] | |
| Web address: http://www.igh.hr | |
| Number of employees (end of the reporting |
|
| Consolidated report: KD | (KN-not consolidated/KD-consolidated) |
| Audited: RN |
(RN-not audited/RD-audited) |
| Names of subsidiaries (according to IFRS): | Registered office: MB: |
| IGH PROJEKTIRANJE D.O.O. | ZAGREB, JANKA RAKUŠE 1 02441918 |
| INCRO D.O.O. | ZAGREB, JANKA RAKUŠE 1 01982516 |
| IGH BUSINESS ADVISORY SERVICES D.O.O. | ZAGREB, JANKA RAKUSE 1 01819585 |
| FORUM CENTAR D.O.O. | ZAGREB, JANKA RAKUSE 1 01960229 |
| EKONOMSKO TEHNIČKI ZAVOD D.D. | OSIJEK, DRINSKA 18 03013669 |
| IGH CONSULTING D.O.O. | ZAGREB, JANKA RAKUŠE 1 02462478 |
| DP AQUA D.O.O. | ZAGREB, JANKA RAKUŠE 1 01907522 |
| RADELJEVIČ D.O.O. | ZAGREB, JANKA RAKUŠE 1 01938533 |
| MARTERRA D.O.O. | ZAGREB, JANKA RAKUŠE 1 02814692 |
| POSLOVNA ZONA VELIKA KOPANICA D.O.O. | ZAGREB, JANKA RAKUŠE 1 02349671 |
| IGH MOSTAR D.O.O. | MOSTAR, BISCE POLJE BB 270604700( |
| Bookkeeping firm: No |
(Yes/No) |
| Contact person: | (name of the bookkeeping firm) |
| (only name and surname of the contact person) Telephone: 01 6125 311 |
|
| E-mail address: | |
| Audit firm: | |
| (name of the audit firm) Certified auditor: |
|
| (name and surname) |
BALANCE SHEET balance as at 31.12.2022.
in HRK
| Submitter: INSTITUTIGH d.d. | 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 | |||
|---|---|---|---|---|
| Item | Last day of the preceding business year |
At the reporting date of the current period |
||
| 1 | 2 | 3 | 4 | |
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID B) FIXED ASSETS (ADP 003+010+020+031+036) |
001 | 0 | 0 | |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 002 003 |
69.220.785 1.765.494 |
79.706.141 1.686.983 |
|
| 1 Research and development | 004 | O | 0 | |
| 2 Concessions, patents, licences, trademarks, software and other | ||||
| rights | 005 | 1.697.641 | 1.389.663 | |
| 3 Goodwill | 006 | 32.350 | 32.350 | |
| 4 Advances for the purchase of intangible assets 5 Intangible assets in preparation |
007 008 |
0 35.503 |
0 264.970 |
|
| 6 Other intangible assets | 009 | 0 | 0 | |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 49.060.433 | 60.491.752 | |
| 1 Land | 011 | 10.875.623 | 10.875.623 | |
| 2 Buildings | 012 | 14.531.742 | 14.238.709 | |
| 3 Plant and equipment | 013 | 8.316.991 | 20.376.839 | |
| 4 Tools, working inventory and transportation assets | 014 | 14.248.677 | 13.715.301 | |
| 5 Biological assets 6 Advances for the purchase of tangible assets |
015 016 |
0 133.723 |
0 | |
| 7 Tangible assets in preparation | 017 | 400.304 | 305.280 426.627 |
|
| 8 Other tangible assets | 018 | 305.879 | 305.879 | |
| 9 Investment property | 019 | 247.494 | 247.494 | |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 16.181.721 | 14.903.009 | |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 | |
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 | |
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 | |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests 5 Investment in other securities of companies linked by virtue of |
024 | 15.688.526 | 14.558.002 | |
| participating interests 6 Loans, deposits etc. to companies linked by virtue of participating |
025 | 0 | 0 | |
| interests | 026 | 0 | 0 | |
| 7 Investments in securities | 027 | 40.000 | 40.000 | |
| 8 Loans, deposits, etc. given | 028 | 453.195 | 305.007 | |
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | |
| 10 Other fixed financial assets IV RECEIVABLES (ADP 032 to 035) |
030 031 |
0 | 0 | |
| 1 Receivables from undertakings within the group | 032 | 2.213.137 0 |
2.624.397 0 |
|
| 2 Receivables from companies linked by virtue of participating interests |
033 | 0 | 0 | |
| 3 Customer receivables | 034 | 0 | 2.497.414 | |
| 4 Other receivables | 035 | 2.213.137 | 126.983 | |
| V DEFERRED TAX ASSETS | 036 | 0 | ||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 101.359.203 | 98.708.153 | |
| TINVENTORIES (ADP 039 to 045) 1 Raw materials and consumables |
038 | 12.991.634 | 12.991.634 | |
| 2 Work in progress | 039 040 |
0 691.601 |
0 691.601 |
|
| 3 Finished goods | 041 | 0 | 0 | |
| 4 Merchandise | 042 | 0 | 0 | |
| 5 Advances for inventories | 043 | 0 | 0 | |
| 6 Fixed assets held for sale | 044 | 12.300.033 | 12.300.033 | |
| 7 Biological assets | 045 | 0 | 0 | |
| II RECEIVABLES (ADP 047 to 052) | 046 | 54.558.851 | 53.447.427 | |
| 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating |
047 | 0 | 0 | |
| interests | 048 | 242.759 | 242.297 | |
| 3 Customer receivables | 049 | 49.418.530 | 44.884.878 | |
| 4 Receivables from employees and members of the undertaking | 050 | 518.920 | 332.018 | |
| 5 Receivables from government and other institutions | 051 | 2.115.187 | 4.748.411 | |
| 6 Other receivables | 052 | 2.263.455 | 3.239.823 | |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 27.266.014 | 28.873.356 | |
| 1 Investments in holdings (shares) of undertakings within the group 2 Investments in other securities of undertakings within the group |
054 055 |
0 0 |
0 0 |
|
| 3 Loans, deposits, etc. to undertakings within the group 4 Investments in holdings (shares) of companies linked by virtue of |
056 057 |
0 0 |
0 0 |
|
| participating interests 5 Investment in other securities of companies linked by virtue of participating interests |
058 | 0 | 0 | |
| 6 Loans, deposits etc. to companies linked by virtue of participating interests |
059 | 4.245 | 4.245 | |
| 7 Investments in securities | 060 | 26.664 | 26.664 | |
| 8 Loans, deposits, etc. given | 061 | 27.116.705 | 28.724.047 | |
| 9 Other financial assets | 062 | 118.400 | 118.400 | |
| IV CASH AT BANK AND IN HAND | 063 | 6.542.704 | 3.395.736 | |
| D ) PREPAID EXPENSES AND ACCRUED INCOME E) TOTAL ASSETS (ADP 001+002+037+064) |
064 065 |
15.541.953 186.121.941 |
13.019.854 191.434.148 |
|
| OFF-BALANCE SHEET ITEMS | 066 | 0 |
| Submitter: INSTITUT IGH d.d. | ||||
|---|---|---|---|---|
| Item | Last day of the preceding business year |
At the reporting date of the current period |
||
| 1 | 2 | 3 | 4 | |
| LIABILITIES A) CAPITAL AND RESERVES (ADP 068 to |
067 | -97.621.927 | ||
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 116.604.710 | -86.871.456 116.604.710 |
|
| II CAPITAL RESERVES | 069 | -255.383 | -255.383 | |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | -2.197.107 | -2.197.107 | |
| 1 Legal reserves | 071 | 0 | 0 | |
| 2 Reserves for treasury shares | 072 | 1.446.309 | 1.446.309 | |
| 3 Treasury shares and holdings (deductible item) | 073 | -3.643.416 | -3.643.416 | |
| 4 Statutory reserves | 074 | 0 | 0 | |
| 5 Other reserves IV REVALUATION RESERVES |
075 076 |
0 | ||
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 44.888.426 1.215.936 |
44.888.426 720.731 |
|
| 1 Financial assets at fair value through other comprehensive income | ||||
| (i.e. available for sale) 2 Cash flow hedge - effective portion |
078 079 |
1.502.650 0 |
1.007.445 | |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 0 |
|
| 4 Other fair value reserves | 081 | 0 | 0 | |
| 5 Exchange differences arising from the translation of foreign | ||||
| operations (consolidation) VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- |
082 | -286.714 | -286.714 | |
| 085) | 083 | -201.636.079 | -258.395.532 | |
| 1 Retained profit | 084 | 0 | ||
| 2 Loss brought forward | 085 | 201.636.079 | 258.395.532 | |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | -56.759.453 | 11.245.676 | |
| 1 Profit for the business year | 087 | 0 | 11.245.676 | |
| 2 Loss for the business year | 088 | 56.759.453 | ||
| VIII MINORITY (NON-CONTROLLING) INTEREST B) PROVISIONS (ADP 091 to 096) |
089 | 517.023 | 517.023 | |
| 1 Provisions for pensions, termination benefits and similar | 090 | 14.006.627 | 13.941.952 | |
| obligations | 091 | 700.980 | 700.980 | |
| 2 Provisions for tax liabilities | 092 | 0 | 0 | |
| 3 Provisions for ongoing legal cases 4 Provisions for renewal of natural resources |
093 | 10.521.996 | 10.457.321 | |
| 5 Provisions for warranty obligations | 094 095 |
0 0 |
0 0 |
|
| 6 Other provisions | 096 | 2.783.651 | 2.783.651 | |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 32.772.906 | 36.798.228 | |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 | |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 | |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 | |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
101 | 0 | 0 | |
| 5 Liabilities for loans, deposits etc. | 102 | 275.151 | 362.559 | |
| 6 Liabilities to banks and other financial institutions | 103 | 23.296.920 | 27.234.834 | |
| 7 Liabilities for advance payments | 104 | 0 | 0 | |
| 8 Liabilities to suppliers | 105 | 187.924 | 187.924 | |
| 9 Liabilities for securities | 106 | 0 | 0 | |
| 10 Other long-term liabilities | 107 | 0 | 0 | |
| 11 Deferred tax liability | 108 | 9.012.911 | 9.012.911 | |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 234.409.681 | 225.638.713 | |
| 1 Liabilities to undertakings within the group | 110 | 0 | 0 | |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 | |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 | |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 | |
| 5 Liabilities for loans, deposits etc. | 114 | 426.954 | 3.466.038 | |
| 6 Liabilities to banks and other financial institutions | 115 | 168.008.438 | 132.232.192 | |
| 7 Liabilities for advance payments | 116 | 6.942.182 | 8.370.184 | |
| 8 Liabilities to suppliers | 117 | 37.108.035 | 35.159.551 | |
| 9 Liabilities for securities | 118 | 866.359 | 836.080 | |
| 10 Liabilities to employees | 119 | 6.335.222 | 6.301.409 | |
| 11 Taxes, contributions and similar liabilities | 120 | 8.850.312 | 12.193.799 | |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 | |
| 13 Liabilities arising from fixed assets held for sale 14 Other short-term liabilities |
122 | 0 | 0 | |
| 123 | 5.872.179 | 27.079.460 | ||
| E) ACCRUALS AND DEFERRED INCOME | 124 | 2.554.654 | 1.926.711 | |
| F) TOTAL - LIABILITIES (ADP 067+090+097+109+124) G) OFF-BALANCE SHEET ITEMS |
125 126 |
186.121.941 0 |
191.434.148 |
STATEMENT OF PROFIT OR LOSS for the period 01.01.2022. to 31.12.2022.
| Item | Same period of the previous year | Current period | ||||
|---|---|---|---|---|---|---|
| Cumulative | Quarter | Cumulative Quarter |
||||
| 1 OPERATING INCOME (ADP 002 to 006) |
2 | 3 | বা | 5 | 6 | |
| 1 Income from sales with undertakings within the group | 001 002 |
139.697.424 0 |
41.617.677 0 |
182.670.765 | 56.522.296 | |
| 2 Income from sales (outside group) | 003 | 124.915.782 | 40.076.440 | 0 151.297.080 |
0 37.700.129 |
|
| 3 Income from the use of own products, goods and services | 004 | 62.648 | 0 | 155 | 0 | |
| 4 Other operating income with undertakings within the group | 005 | 0 | 0 | 0 | 0 | |
| 5 Other operating income (outside the group) | 006 | 14.718.994 | 1.541.237 | 31.373.530 | 18.822.167 | |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 184.646.602 | 48.777.453 | 160.991.918 | 41.015.646 | |
| 1 Changes in inventories of work in progress and finished goods 2 Material costs (ADP 010 to 012) |
008 009 |
0 35.299.880 |
0 | 0 | 0 | |
| a) Costs of raw materials and consumables | 010 | 5.047.006 | 10.056.072 1.696.829 |
40.353.261 | 11.011.034 | |
| b) Costs of goods sold | 011 | 0 | 0 | 7.399.765 0 |
2.231.533 | |
| c) Other external costs | 012 | 30.252.874 | 8.359.243 | 32.953.496 | 8.779.501 | |
| 3 Staff costs (ADP 014 to 016) | 013 | 68.629.113 | 23.636.615 | 90.301.468 | 22.325.137 | |
| a) Net salaries and wages | 014 | 41.630.693 | 13.894.809 | 43.459.038 | 12.116.906 | |
| b) Tax and contributions from salary costs | 015 | 18.258.539 | 6.738.499 | 35.557.394 | 7.426.491 | |
| c) Contributions on salaries | 016 | 8.739.881 | 3.003.307 | 11.285.036 | 2.781.740 | |
| 4 Depreciation | 017 | 14.797.240 | 4.028.885 | 18.139.083 | 4.418.645 | |
| 5 Other costs | 018 | 8.292.457 | 3.466.319 | 9.891.435 | 2.946.105 | |
| 6 Value adjustments (ADP 020+021) | 019 | 1.195.486 | 3.326.500 | 1.261.833 | 144.036 | |
| a) fixed assets other than financial assets | 020 | 0 | 0 | |||
| b) current assets other than financial assets | 021 | 1.195.486 | 3.326.500 | 1.261.833 | 144.036 | |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 4.210.302 | 128.596 | ||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 | |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 | |
| c) Provisions for ongoing legal cases | 025 | 0 | 4.210.302 | 0 | 0 | |
| d) Provisions for renewal of natural resources e) Provisions for warranty obligations |
026 | 0 | 0 | 0 | 0 | |
| f) Other provisions | 027 028 |
0 0 |
0 0 |
128.596 | 0 | |
| 8 Other operating expenses | 029 | 56.432.426 | 52.760 | 0 916.242 |
0 | |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 2.189.602 | 398.966 | 3.870.284 | 170.689 2.118.045 |
|
| 1 Income from investments in holdings (shares) of undertakings within | ||||||
| the group | 031 | 0 | 0 | 0 | ||
| 2 Income from investments in holdings (shares) of companies linked by | 032 | |||||
| virtue of participating interests | 0 | 0 | 0 | |||
| 3 Income from other long-term financial investment and loans granted to | 033 | 0 | 0 | 0 | ||
| undertakings within the group | ||||||
| 4 Other interest income from operations with undertakings within the | 034 | 0 | 0 | 0 | ||
| group | ||||||
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 0 | 0 | 0 | ||
| 6 Income from other long-term financial investments and loans | 036 | 0 | ||||
| 7 Other interest income | 037 | 8.888 | O 65.460 |
88.818 | 0 | |
| 8 Exchange rate differences and other financial income | 038 | 2.032.576 | 93.811 | 38.969 2.864.893 |
9.372 2.080.777 |
|
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 | |
| 10 Other financial income | 040 | 148.138 | 239.695 | 877.604 | 27.896 | |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 9.118.485 | 2.973.703 | 14.303.455 | 4.589.554 | |
| 1 Interest expenses and similar expenses with undertakings within the | ||||||
| group | 042 | 0 | 0 | 0 | 0 | |
| 2 Exchange rate differences and other expenses from operations with | 043 | 0 | 0 | 0 | ||
| undertakings within the group | 0 | |||||
| 3 Interest expenses and similar expenses | 044 | 4.712.924 | 1.847.362 | 7.496.642 | 2.486.573 | |
| 4 Exchange rate differences and other expenses | 045 | 2.248.888 | 529.901 | 5.439.066 | 2.071.877 | |
| 5 Unrealised losses (expenses) from financial assets | 046 | ૯૩ | 1 | 0 | 0 | |
| 6 Value adjustments of financial assets (net) 7 Other financial expenses |
047 | 188.742 | 0 | 170.372 | 0 | |
| SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE | 048 | 1.967.868 | 596.439 | 1.197.375 | 31.104 | |
| OF PARTICIPATING INTERESTS | 049 | |||||
| VI SHARE IN PROFIT FROM JOINT VENTURES |
050 | |||||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | |||||
| PARTICIPATING INTEREST | ||||||
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | |||||
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 141.887.026 | 42.016.643 | 186.541.049 | 58.640.341 | |
| × TOTAL EXPENDITURE (ADP 007+041+051 + 052) |
054 | 193.765.087 | 51.751.156 | 175.295.373 | 45.605.200 | |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -51.878.061 | -9.734.513 | 11.245.676 | 13.035.141 | |
| 1 Pre-tax profit (ADP 053-054) | 056 | 0 | 0 | 11.245.676 | 13.035.141 | |
| 2 Pre-tax loss (ADP 054-053) XII INCOME TAX |
057 | -51.878.061 | -9.734.513 | 0 | 0 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 058 | -9.889.707 | 0 | 0 | 0 | |
| 1 Profit for the period (ADP 055-059) | 059 060 |
-41.988.354 0 |
-9.734.513 | 11.245.676 | 13.035.141 | |
| 2 Loss for the period (ADP 059-055) | 061 | -41.988.354 | 0 -9.734.513 |
11.245.676 | 13.035.141 | |
| O | 0 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
|---|---|---|---|---|---|
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS | 062 | 0 | 0 | ||
| (ADP 063-064) | 0 | ||||
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | O | |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) |
|||||
| 1 Pre-tax profit (ADP 068) | 068 069 |
0 0 |
0 | 0 | |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 0 |
0 | |
| XVII INCOME TAX (ADP 058+065) | 07/1 | 0 | 0 | 0 0 |
|
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | C | |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | -41.988.354 | 3.239.336 | -1.662.174 | 1.996.684 |
| 1 Attributable to owners of the parent | 076 | -41.988.354 | 3.239.336 | -1.662.174 | 1.996.684 |
| 2 Attributable to minority (non-controlling) interest | 077 | 0 | 0 | 0 | |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | -41.988.354 | 3.239.336 | -1.662.174 | 1.996.684 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) |
079 | 0 | 0 | 0 | |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | ||
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income |
082 | 0 | 0 | 0 | |
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | ||
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | |||
| 4 Profit or loss arising from effective hedge of a net investment in a | 0 | 0 | |||
| foreign operation | 091 | 0 | 0 | 0 | |
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | O | 0 | 0 | |
| 6 Changes in fair value of the time value of option | 093 | O | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | O | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
097 | 0 | 0 | 0 | 0 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) |
098 | -41.988.354 | 3.239.336 | -1.662.174 | 1.996.684 |
| APPENDIX to the Statement on comprehensive in be filled in by undertakings that draw up consolidated statements) | |||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) |
099 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent | 100 | ||||
| 2 Attributable to minority (non-controlling) interest | 101 | ||||
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2022. to 31.12.2022.
in HRK Submitter: INSTITUT IGH d.d. ADP Same period of the Item Current period code previous year 2 3 Cash flow from operating activities 1 Pre-tax profit 001 -51.878 061 11,245,676 2 Adjustments (ADP 003 to 010): 002 75.942.590 -34.063.505 a) Depreciation 003 14.797.240 -18.139.083 b) Gains and losses from sale and value adjustment of fixed tangible and 004 56.432.426 -10.485.356 intangible assets c) Gains and losses from sale and unrealised gains and losses and value 005 0 adjustment of financial assets d) Interest and dividend income 006 0 e) Interest expenses 007 4.712.924 -5.439.066 f) Provisions 008 0 g) Exchange rate differences (unrealised) 009 0 h) Other adjustments for non-cash transactions and unrealised gains and 010 0 losses I Cash flow increase or decrease before changes in working capital 011 24.064.529 -22.817.829 (ADP 001+002) 3 Changes in the working capital (ADP 013 to 016) 012 -31.209.363 15.645 589 a) Increase or decrease in short-term liabilities 013 -26.223.909 9.882.392 b) Increase or decrease in short-term receivables 014 -4.985.454 -1.111.424 c) Increase or decrease in inventories 015 0 0 d) Other increase or decrease in working capital 0 016 6.874.571 II Cash from operations (ADP 011+012) 017 -7.144.834 -7.172.290 4 Interest paid 018 0 0 5 Income tax paid 019 0 0 A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 020 -7.144.834 -7.172.290 Cash flow from investment activities 1 Cash receipts from sales of fixed tangible and intangible assets 021 0 0 2 Cash receipts from sales of financial instruments 022 0 0 3 Interest received 023 0 0 4 Dividends received 0 024 0 5 Cash receipts from repayment of loans and deposits 025 0 87.408 6 Other cash receipts from investment activities 026 0 0 III Total cash receipts from investment activities (ADP 021 to 026) 027 0 87.408 1 Cash payments for the purchase of fixed tangible and intangible assets O 028 0 2 Cash payments for the acquisition of financial instruments 029 o 0 3 Cash payments for loans and deposits for the period 030 0 0 4 Acquisition of a subsidiary, net of cash acquired 031 0 0 5 Other cash payments from investment activities 032 0 0 IV Total cash payments from investment activities (ADP 028 to 032) 033 0 0 B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) 034 0 87 408 Cash flow from financing activities 1 Cash receipts from the increase in initial (subscribed) capital 035 0 0 2 Cash receipts from the issue of equity financial instruments and debt 036 0 0 financial instruments 3 Cash receipts from credit principals, loans and other borrowings 037 1.271.228 3.937.914 4 Other cash receipts from financing activities 038 0 V Total cash receipts from financing activities (ADP 035 to 038) 039 1.271.228 3.937.914 1 Cash payments for the repayment of credit principals, loans and other 040 borrowings and debt financial instruments 2 Cash payments for dividends 041 3 Cash payments for finance lease 042 4 Cash payments for the redemption of treasury shares and decrease in 043 initial (subscribed) capital 5 Other cash payments from financing activities 044 VI Total cash payments from financing activities (ADP 040 to 044) 045 0 C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) 046 1.271.228 3.937.914 1 Unrealised exchange rate differences in respect of cash and cash 047 0 equivalents D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 048 -5.873.606 -3.146.968 020+034+046+047) E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE 049 8.609.522 6.542.704 PERIOD F) CASH AND CASH EQUIVALENTS AT THE END OF THE 050 2.735.916 3.395.736 PERIOD(ADP 048+049)
| STATEMENT OF CHANGES IN EQUITY | 31 12 2022 |
|---|---|
| to | |
| for the period from 1 1 2021 |
중 대표 및 대통 원 업무 공 업체 및 공급 업체 ( 1 ) 2 ( 1 ) ( 1 ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )
0 2 2 0
| में क ിക്കേത |
ADD | Tottal (subseriised) Gaphal reserves Lugairressityos | Reserves for anaros (deductible from | TEBELT POST POST POST TO THE CONTRACT POST THE CONTRACT CONTRACT CONTRACT CART THE CHART CONTRACT CART THE CHART CONTRACT CART CONTRACT CARACT CARACT CARACT CARACT CARACT CAR | Clash tlow bedge - Through ofing. Samprohemaly |
Investmant in a Chysistiant in a Chryslân Eipsnikon C | Circusion | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Balance on the first day of the previous business year 2 Changes in accounting policias 3 Changes in accounting policias 3 Correction of errors | 은 영향을 | 116.604.710 | 000 -255.383 |
1.446.309 0 |
3.809,746 | 07.389.828 | 1.502.552 | -206,632 | -253.627,943 | -509. | -41:466 | -398 206 | |||
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to | 00 | 0.0 116,604,710 |
. O 00 |
0 | 00 0 |
||||||||||
| 5 Profit/loss of the period 6 Exchange rate differences from t (3) |
90 | 0 0:0 ·255.383 |
00 1.446.309 |
010 3,809.746 |
07.389.828 | 1.502.652 00 |
-253.627.943 | -56.759.453 -509:790 |
-55,750.45 -41.466.09 |
-16,006 -308 208 |
-56.776 41,894 |
||||
| Changes in revaluation reserves of fixed tangible and intangible assets translation of foreign operations |
00 10 |
000 | 0 0 0 |
0 | 0 | -52.501. | 402 | 52.501 654 | |||||||
| value Gains or losses from subsequent measurement of financial assets at fair nrough other comprehensive income (available for sale) |
80 | 0 | 0 0 |
0 | 0 | ||||||||||
| 10 Profit or loss arising from effective hedge of a net investment in a fornign 9 Profit or loss arising from effective cash flow hedge |
60 10 |
0 | 0 0 |
0 | 0 | ||||||||||
| income/loss of companies linked by virtue of ehonsive 11 Share in other compre participating interests |
0 | 0 0 |
0 | 0 | |||||||||||
| = | 0 | 000 0 |
0 0 |
0 0 |
|||||||||||
| 12 Actuarial gains/losses on the defined beinefit obligation 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equilly | 전 및 인 및 공 | 0000 | 0 000 |
0 0 |
0 0 |
-79. | 932.137 | ||||||||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre- | 91 | 0 | 0 0 |
0 | |||||||||||
| sett the pre-bankruptcy arising from (subscribed) capital 16 Decrease in initial . procedure |
16 | 0 | 0 0 |
0 | |||||||||||
| reirivestment of profit the mont prisins lettides (bedriesdus) fratin in i 7 Decrense |
17 | 0 | 0 0 |
0 | |||||||||||
| 81 | 0 | -166,330 | |||||||||||||
| 18 Redemplion of treasury shares/holdings 19 Payments from members/shareholders 20 Payment of share in profit/dividend | 01 02 |
0000 | 000 0000 |
00000 | |||||||||||
| 2 I Ther distributions and payments to members/shareholders 22 Tramater lo msonves accoding to the annual schould 23 Increase in reserves arising from the pre-bankrupts settl | ਮੁ ద్ర |
0 | 0 | 0 | |||||||||||
| ಬ | 0 | 00 | -500 | 500. | |||||||||||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (Ilo be filled in by n | 16.000 26 |
116.604_710 up financial stat |
160 -255,383 accordarior |
1,446,305 | 3.643,416 | BBB 44 |
66.769 | 138 | 517.0 | 97.621 | |||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF I TAX (ADP 09 to 14) | SZ | 0 | 0 0 |
0 | -62.501.402 | -80.087 | 52.601 65 | -79,732 | 932,137 | ||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP (5)25) |
26 | 0 | 0 0 |
-62.501.402 | 80 | ||||||||||
| -80.087 | 52.601.66 | -66.760.453 | -50.839.185 | 916.231 | -55.923 | ||||||||||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) | LZ | 0 | -166,330 | -509.700 | 500. | 160. | |||||||||
| Current penod 1 Balance on the first day of the current business year 2 Changes in accounting policies 3 Corroction of errors Current period |
116,604.710 | -255.383 | 1.446.309 | 3.643.416 | 44.888.426 | 1.502.050 | -286.714 | -201.636.079 | 56.759 453 | 98.138.954 | 517,023 | ||||
| 00 Goz BZ BZ | 00 | 0 0 0 0 |
0 0 |
000 | |||||||||||
| Balance on the first day of the current business year (restated) (AOP 28 to 30) | ్స్ | 116.604.710 | 0 -256.383 |
1.446.309 | 3.643,416 | 44.888.426 | 1.502 | 286.714 | 201 A38 070 | -50,750,453 | -98.138,99 | S17:023 | -97.621 | ||
| translation of foreign operations from e period differences l ProfiVloss of the 6 Exchange rate |
22 26 | 000 | 00 0 ್ ಲ |
0 0 |
0 (0 | -1.662.174 | -1.662.17 | -1.662 | |||||||
| of fixed tangible and intangible assets revaluation reserves ges Char |
ਲ | 0 0 |
0 | ্ত | 5,904 | -5.004.0 | |||||||||
| 3 Gaires of losses from subsequent measurement of financial assets at fair value. hrough other comprehensive income (available for salo) | SE | 0 | 0 0 |
0 | 0 | ||||||||||
| Profit or loss arising from effective cash flow hedge | 36 | 0 | 0 o |
||||||||||||
| 10 Profit or loss arising from effective hedge of a net investment in a foreign Mion |
37 | 0 | 0 0 |
||||||||||||
| income/loss of companies linked by virtue of comprehensive Share in other |
DE | 0 | 0 0 |
0 | 0 | ||||||||||
| participating interests 12 Actuarial gains/losses on the defined benefit obligation 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity |
පිළි | 0 | ೆ ಅ 0 |
0 | 0 | ||||||||||
| 15 | り Of | 0 | 0 0 |
0 | 0 | 286.714 | 286.714 | ||||||||
| 5 Decrease in initial (subscribed) capital (other than arising from the pro- | 42 | 0 | 0 0 |
0 | 0 | ||||||||||
| 16 Decrease in initual (subscribed) capital arising from the pre-bankruptcy settlement procedure | ਿੱ | 0 | 0 0 |
0 | 0 | ||||||||||
| roinvestment of profit 17 Decrease in initial (subscribed) capital arising from the |
yy | 0 | 0 0 |
0 | 0 | ||||||||||
| 18 Redemption of treasury shares/holdings 19 Payments from members/shareholders | or Si | 000 | 0000000 000 |
0 0 |
0000000 | ||||||||||
| Ishareholders 20 Payment of share in profit/dividend 21 Other distributions and payments to members/ 22 Carrylorward per annual plane |
or Li | 0 | 0 0 |
||||||||||||
| 23 Increase in res | 01 09 |
0 | 0 | -56.759.453 | 56.759.453 | ||||||||||
| 23 Increase in reserves arising from the pro-bankruptcy settlement procedure 24 Balance on the last day of the current business year reporting perfod (ADP | 19 | 116.004.710 | 0 -265.383 |
1,446,309 | |||||||||||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by ur | ree ರಿತ |
up financial stat | the IFRS sceardance In ne |
3.043.416 | 38.084.34 | 602 | 05 448 | 517. | |||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) | ਟ 9 | -5.904.078 | 283,714 | -5 617-104 | |||||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 | 53 | ||||||||||||||
| -6.904.078 | 280,714 | -1.662.174 | -7.279:338 | ||||||||||||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 60) | 23 | -60 750.453 | 56.750 |
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