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Institut IGH d.d.
Quarterly Report • Jul 26, 2024
2091_10-q_2024-07-26_4253f8d3-2f1b-4b46-ae6e-eb8e230fcfba.pdf
Quarterly Report
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Ordinary share IGH-R-A. ISIN HRIGH0RA0006 Listed on the official market of the Zagreb Stock Exchange Share IGH-R-D, ISIN HRIGH0RD0003 Not listed on the official market of the Zagreb Stock Exchange Home Member State: Croatia LEl mark: 74780000W0UQ8MF2FU71
ZAGREB STOCK EXCHANGE Ivana Lučića 2a 10000 Zagreb
HANFA Miramarska 24b 10000 Zagreb
HINA [email protected]
Zagreb, Jule 26, 2024
Subject: Statement of the Management Board on the responsibility for preparing financial reports for Institut IGH, JSC
The Company's Management Board has to ensure that the INSTITUT IGH d.d. unaudited financial reports for the accounting period from January to June 2024 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 133/15, 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 Company'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 Company has adequate resources to continue operation in the foreseeable future. Accordingly, the Management Board has prepared its financial reports under assumption that the Company will continue to operate 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 Company, 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 Company'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
INSTITUT IGH, d.d. 10000 Zagrep, Groatia
PHONE +385 (0)1 612 51 25 FAX +385 011 612 54 01 EMAIL ign@igh WEB www.ion.n
PIN: 79766124714
Business bank atska poštanska panka d.o BAN SWIFT code: HPBZHR2)
No of issued shares: : IGH 1 481 463 nal share value EUR 10
Supervisory Board arko Desković MEng.CE President of the Supervisory Board
Robert Petrosian, President of the Manager
Josip Majer, Member of the Management Boa
Member of the Managi
Management Board
Tatjana Bičan
Zagreb, June 30, 2024
Management Report on business results of the Company Institut IGH d.d. and its subsidiaries Subject: in the period from January 1 to June 30 2024.
Institut IGH d.d.
In the period from January to June 2024, Institut IGH d.d operated with revenue amounting to EUR 9,007 million. Operating expenses are (excluding amortization) amount to EUR 8,5 million.
After the amortization cost in the amount of EUR 1,1 milion, negative effect of interest and exchange rate differences in the amount of EUR 102 thousands, Institut IGH d.d operated at a profit amounting EUR 508 thousands.
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, Armenia, Hungary, Italy) 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, and expansion of already started ones such as BIM.
Between January 1 and June 30, 2024 the new contracts were contracted in total of EUR 6,2 million.
IGH Group
In the period from January to June 2024, IGH Group operated at a revenue amounting to EUR 9,067 million. Operating expenses (excluding amortization) amount to EUR 8,5 million.
After the amortization cost in the amount of EUR 1,1 milion, negative effect of interest and exchange rate differences in the amount of EUR 102 thausands, IGH Group operated at a gross profit amounting EUR 511 thousands
The IGH Institute continues with further enhanced activities defined by the Strategic Development Plan until 2025, which plans additional investments in projects of significant interest for the development of the Institute and the Group. In addition, the IGH Institute is focused on increasing labour productivity and
INSTITUTIEN d.d. 10000 Zacreb. Cicalla
PHONE *885 10j1 612 6101
FAX 438F (G)1 612 6191
EMAIL (Clouds SVEEL
Competent court Commercial Clourt II. Papian
Ropistor entry with complemy registratio * Home Comments of K
Shore capitah
Hukuman Daughth.Co No of lessed shares: 16-11868,769
Reg No : 276972 FIN: 70706124714 Eusiness bank. IEAN:
Rebort Petrosian, President of the Management Board Mirotia v Pauras, Mambor of the Management Flostel
SUDANISOLV EDEMI a no braham (1)
to leon of tu Sun
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.
Robert Petrosian President of the Management Board
| Annex 1 | ISSUER'S GENERAL DATA |
|---|---|
| Reporting period: | 1.1.2024 to 30.6.2024 |
| Year: | 2024 |
| Quarter: | 2. |
| Quarterly financial statements | |
| egistration number (MB): 03750272 |
Issuer's home Member HR State code: |
| Entity's registration 080000959 number (MBS): |
|
| Personal identification 79766124714 number (OIB): |
74780000W0UQ8MF2FU71 LEI: |
| Institution 1461 code: |
|
| Name of the issuer: INSTITUT IGH d.d. | |
| Postcode and town: 10000 |
Zagreb |
| treet and house number: Janka Rakuše 1 | |
| E-mail address: [email protected] | |
| Web address: http://www.igh.hr | |
| Number of employees (end of the reporting |
|
| Consolidated report: KN |
(KN-not consolidated/KD-consolidated) |
| Audited: RN | (RN-not audited/RD-audited) |
| Names of subsidiaries (according to IFRS): | Registered office: MB: |
,我
| Contact person: | |
|---|---|
| (only name and surname of the contact person) | |
| Telephone: | |
| E-mail address: | |
| Audit firm: | |
| (name of the audit firm) | |
| Certified auditor: | |
| (name and surname) |
场。
BALANCE SHEET balance as at 30.06.2024.
| Submitter: INSTITUT IGH D.D. | |||||
|---|---|---|---|---|---|
| Item | ADP code |
Last day of the preceding business year |
At the reporting date of the current period 4 |
||
| 1 | 2 | 3 | |||
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | ||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 9.398.712 | 8.338.336 | ||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 13.251 | 6.671 | ||
| 1 Research and development | 004 | 0 | 0 | ||
| 2 Concessions, patents, licences, trademarks, software and other rights |
005 | 8.752 | 0 | ||
| 3 Goodwill | 006 | 0 | 0 | ||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | ||
| 5 Intangible assets in preparation | 008 | 4.499 | 6.671 | ||
| 6 Other intangible assets | 009 | 0 | 0 | ||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 6.159.067 | 4.948.207 | ||
| 1 Land | 011 | 462.105 | 0 | ||
| 2 Buildings | 012 | 219.952 | 1.992 | ||
| 3 Plant and equipment | 013 | 4.547.207 | 4.038.349 | ||
| 4 Tools, working inventory and transportation assets | 014 | 775.333 | 720.115 | ||
| 5 Biological assets | 015 | 0 | 0 | ||
| 6 Advances for the purchase of tangible assets | 016 | 42.261 | 42.895 | ||
| 7 Tangible assets in preparation | 017 | 38.938 | 71.584 | ||
| 8 Other tangible assets | 018 | 40.424 | 40.424 | ||
| 9 Investment property | 019 | 32.848 | 32.848 | ||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 3.065.454 | 3.225.309 | ||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 1.053.043 | 1.053.043 | ||
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 | ||
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 4.313 | 4.313 | ||
| 4. Investments in holdings (shares) of companies linked by virtue of | 024 | 1.990.842 | 1.990.842 | ||
| participating interests | |||||
| 5 Investment in other securities of companies linked by virtue of participating interests |
025 | 0 | 0 | ||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests |
026 | 0 | 0 | ||
| 7 Investments in securities | 027 | 0 | 0 | ||
| 8 Loans, deposits, etc. given | 028 | 17.256 | 177.111 | ||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | ||
| 10 Other fixed financial assets | 030 | 0 | 0 | ||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 160.940 | 158.149 | ||
| 1 Receivables from undertakings within the group | 032 | 0 | 0 | ||
| 2 Receivables from companies linked by virtue of participating interests |
033 | 0 | 0 | ||
| 3 Customer receivables | 034 | 115.507 | 112.716 | ||
| 4 Other receivables | 035 | 45.433 | 45.433 | ||
| V DEFERRED TAX ASSETS | 036 | O | 0 | ||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 9.126.829 | 10.359.304 | ||
| I INVENTORIES (ADP 039 to 045) | 038 | 1.707.903 | 1.707.903 | ||
| 1 Raw materials and consumables | 039 | 0 | 0 | ||
| 2 Work in progress | 040 | 75.408 | 75.408 | ||
| 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 | 1.632.495 | 1.632.495 | ||
| 7 Biological assets | 045 | 0 | 0 | ||
| II RECEIVABLES (ADP 047 to 052) | 046 | 3.094.922 | 4.400.220 | ||
in EUR
| 1 Receivables from undertakings within the group | 047 | 25.936 | 30.110 |
|---|---|---|---|
| 2 Receivables from companies linked by virtue of participating | 048 | ||
| interests | 688 | 688 | |
| 3 Customer receivables | 049 | 1.972.833 | 2.983.208 |
| 4 Receivables from employees and members of the undertaking | 050 | 178.816 | 162.880 |
| 5 Receivables from government and other institutions | 051 | 88.905 | 220.925 |
| 6 Other receivables | 052 | 827.744 | 1.002.409 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 3.914.455 | 4.220.065 |
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 0 | 0 |
| 2 Investments in other securities of undertakings within the group | 055 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 056 | 19.311 | 24.434 |
| 4 Investments in holdings (shares) of companies linked by virtue of | 057 | 0 | |
| participating interests | 0 | ||
| 5 Investment in other securities of companies linked by virtue of | 058 | 0 | 0 |
| participating interests 6 Loans, deposits etc. to companies linked by virtue of participating |
|||
| interests | 059 | 0 | 0 |
| 7 Investments in securities | 060 | 3.539 | 3.539 |
| 8 Loans, deposits, etc. given | 061 | 3.870.257 | 4.170.744 |
| 9 Other financial assets | 062 | 21.348 | 21.348 |
| IV CASH AT BANK AND IN HAND | 063 | 409.549 | 31.116 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 1.124.655 | 1.865.283 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 19.650.195 | 20.562.923 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITES | |||
| A) CAPITAL AND RESERVES (ADP 068 to | |||
| 070+076+077+083+086+089) | 067 | 5.281.778 | 5.773.225 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 14.814.630 | 14.814.630 |
| II CAPITAL RESERVES | 069 | -33.895 | -33.895 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | -208.382 | -208.382 |
| 1 Legal reserves | 071 | 0 | 0 |
| 2 Reserves for treasury shares | 072 | 191.958 | 191.958 |
| 3 Treasury shares and holdings (deductible item) | 073 | -400.340 | -400.340 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 1.705.824 | 1.553.567 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 94.540 | 94.540 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) |
078 | 133.711 | 133.711 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) |
082 | -39.171 | -39.171 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085) |
083 | -17.174.719 | -11.018.708 |
| 1 Retained profit | 084 | 0 | |
| 2 Loss brought forward | 085 | 17.174.719 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 036 | 6.083.780 | 11.018.708 |
| 1 Profit for the business year | 087 | 6.083.780 | 571.473 |
| 2 Loss for the business year | 088 | 0 | 571.473 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 1.324.489 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 85.244 | 1.189.776 85.244 |
| 2 Provisions for tax liabilities | |||
| 3 Provisions for ongoing legal cases | 092 093 |
0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 904.253 0 |
769.539 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 0 |
| 6 Other provisions | 096 | 334.993 | 334.993 |
|---|---|---|---|
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 2.267.881 | 1.815.145 |
| 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 | 30.899 | 648 |
| 6 Liabilities to banks and other financial institutions | 103 | 1.880.621 | 1.447.201 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 26.269 | 26.269 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 0 | 0 |
| 11 Deferred tax liability | 108 | 330.091 | 341.027 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 10.359.991 | 11.375.500 |
| 1 Liabilities to undertakings within the group | 110 | 51.081 | 61.938 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 170.709 | 175.209 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 412.055 | 412.055 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 3.261.576 | 3.113.304 |
| 6 Liabilities to banks and other financial institutions | 115 | 9.242 | 16.615 |
| 7 Liabilities for advance payments | 116 | 783.334 | 661.106 |
| 8 Liabilities to suppliers | 117 | 2.849.204 | 3.876.007 |
| 9 Liabilities for securities | 118 | 91.004 | 0 |
| 10 Liabilities to employees | 119 | 817.421 | 800.506 |
| 11 Taxes, contributions and similar liabilities | 120 | 1.498.147 | 1.892.147 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 416.218 | 366.613 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 416.056 | 409.277 |
| F) TOTAL - LIABILITIES (ADP 067+090+097+109+124) | 125 | 19.650.195 | 20.562.923 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
ﻩ
STATEMENT OF PROFIT OR LOSS for the period 01.01.2024 to 30.06.2024
Submitter: INSTITUT IGH D.D.
| Item | Same period of the previous year | Current period | |||
|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | |
| 1 | 2 | 8 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 14.060.650 | 4.910.175 | 10.238.036 | 5.292.30€ |
| 1 Income from sales with undertakings within the group | 002 | 1.487 | 1.287 | 388 | 196 |
| 2 Income from sales (outside group) 3 Income from the use of own products, goods and services |
003 | 7.986.161 | 4.228.492 | 9.067.550 | 5.290.100 |
| 4 Other operating income with undertakings within the group | 004 005 |
0 4.014 |
O | O | C |
| 5 Other operating income (outside the group) | 006 | 6.068.988 | 2.007 678.389 |
4.014 1.166.074 |
2.007 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 9.984.259 | 5.014.046 | 9.628.719 | C 5.097.449 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | |||
| 2 Material costs (ADP 010 to 012) | 009 | 2.760.693 | 0 1.514.152 |
0 | 0 |
| a) Costs of raw materials and consumables | 010 | 378.329 | 140.360 | 2.509.628 322.486 |
1.513.220 170.308 |
| b) Costs of goods sold | 011 | 0 | 0 | 0 | 0 |
| c) Other external costs | 012 | 2.382.364 | 1.373.792 | 2.187.142 | 1.342.912 |
| 3 Staff costs (ADP 014 to 016) | 013 | 5.231.684 | 2.490.768 | 5.350.240 | 2.812.225 |
| a) Net salaries and wages | 014 | 3.252.841 | 1.559.164 | 3.372.764 | 1.787.933 |
| b) Tax and contributions from salary costs | 015 | 1.316.623 | 620.827 | 1.319.675 | 686.440 |
| c) Contributions on salaries | 016 | 662.220 | 310.777 | 657.801 | 337.852 |
| 4 Depreciation | 017 | 1.093.459 | 552.574 | 1.137.416 | 507.203 |
| 5 Other costs | 018 | 416.845 | 257.276 | 254.598 | 163.709 |
| 6 Value adjustments (ADP 020+021) a) fixed assets other than financial assets |
019 | 129.803 | 86.694 | 175.670 | 4.476 |
| b) current assets other than financial assets | 020 021 |
0 129.803 |
0 | 0 | 0 |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 86.694 0 |
175.670 | 4.476 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 0 |
0 0 |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 |
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 |
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 |
| f) Other provisions | 028 | 0 | 0 | 0 | 0 |
| 8 Other operating expenses | 029 | 351.775 | 112.582 | 201.167 | 96.616 |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 16.821 | 6.450 | 14.949 | 14.293 |
| 1 Income from investments in holdings (shares) of undertakings within the group |
031 | 0 | 0 | 0 | 0 |
| 2 Income from investments in holdings (shares) of companies linked by | 032 | 0 | 0 | 0 | 0 |
| virtue of participating interests | |||||
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
033 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the | |||||
| group | 034 | 0 | 129 | 0 | 0 |
| 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 | 0 | O | |
| 7 Other interest income | 037 | 371 | 0 | 299 | 0 197 |
| 8 Exchange rate differences and other financial income | 038 | 3.772 | 829 | 1.014 | 460 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 12.678 | 5.492 | 13.636 | 13.636 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 240.260 | 105.578 | 117.457 | 69.433 |
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | 0 | 0 | 1.329 | 710 |
| 2 Exchange rate differences and other expenses from operations with | 043 | 0 | 0 | 0 | 0 |
| undertakings within the group 3 Interest expenses and similar expenses |
|||||
| 4 Exchange rate differences and other expenses | 044 045 |
215.646 23.557 |
93.838 | 91.587 | 54.050 |
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 11.740 0 |
17.158 | 14.673 |
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 0 |
0 0 |
| 7 Other financial expenses | 048 | 1.057 | 0 | 7.383 | 0 |
| SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | |
| VIL SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 0 | ||||
| PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049+050) | 053 | 14.077.471 | 4.916.625 | 10.252.985 | 5.306.599 |
| TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 10.224.519 | 5.119.624 | 9.746.176 | 5.166.882 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 3.852.952 | -202.999 | 506.809 | 139.717 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 3.852.952 | O | 506.809 | 139.717 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | -202.999 | 0 | |
|---|---|---|---|---|---|
| XII INCOME TAX | 058 | 0 | 0 | 0 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 3.852.952 | -202.999 | -64.664 571.473 |
-42.330 |
| 1 Profit for the period (ADP 055-059) | 060 | 3.852.952 | O | 571.473 | 182.047 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | -202.999 | 0 | 182.047 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | 0 | ||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS | |||||
| (ADP 063-064) | 062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | ||||
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | ||||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | ||||
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | ||||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | ||||
| 1 Profit for the period (ADP 068-071) | 073 | ||||
| 2 Loss for the period (ADP 071-068) | 074 | ||||
| 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 | O | 0 | 0 | |
| 1 Attributable to owners of the parent | 076 | 0 | 0 | 0 | |
| 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 | 0 | 0 | 0 | |
| 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 | 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 | |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | |
| 5 Other items that will not be reclassified | 085 | 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 | 089 | 0 | |||
| tair value through other comprehensive income | 0 | 0 | |||
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation |
091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | 0 | 0 | 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 | 0 | 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 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2024 to 30.06.2024
| Submitter: INSTITUT IGH D.D. | in EUR | ||
|---|---|---|---|
| Item | ADP code |
Same period of the previous year |
Current period |
| 1 | 2 | 8 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | 5.069.125 | 506.809 |
| 2 Adjustments (ADP 003 to 010): | 002 | 11.932.188 | 1.213.372 |
| a) Depreciation | 003 | 2.194.341 | 1.137.416 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
004 | 0 | 680.065 |
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | -5.551.629 | 0 |
| d) Interest and dividend income | 006 | -1.881 | 0 |
| e) Interest expenses | 007 | 673.744 | 0 |
| f) Provisions | 008 | -453.835 | 0 |
| g) Exchange rate differences (unrealised) | 009 | 0 | 0 |
| h) Other adjustments for non-cash transactions and unrealised gains and osses |
010 | 15.071.448 | -604.109 |
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 17.001.313 | 1.720.181 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -16.149.203 | -1.169.752 |
| a) Increase or decrease in short-term liabilities | 013 | -17.834.231 | 1.106.513 |
| b) Increase or decrease in short-term receivables | 014 | 1.749.503 | -1.303.140 |
| c) Increase or decrease in inventories | 015 | 0 | 0 |
| d) Other increase or decrease in working capital | 016 | -64.475 | |
| Il Cash from operations (ADP 011+012) | 0-17 | 852.110 | -973.125 |
| 4 Interest paid | 018 | 550.429 | |
| 0 | 0 | ||
| 5 Income tax paid | 019 | 0 | 0 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 852.110 | 550.429 |
| Cash flow from investment activities 1 Cash receipts from sales of fixed tangible and intangible assets |
021 | 457.439 | 0 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 0 | 0 |
| 4 Dividends received | 024 | 0 | 0 |
| 5 Cash receipts from repayment of loans and deposits | 025 | 86.588 | 0 |
| 6 Other cash receipts from investment activities | 026 | 0 | 0 |
| Ill Total cash receipts from investment activities (ADP 021 to 026) | 027 | 544.027 | 0 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | 0 | |
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 |
| 3 Cash payments for loans and deposits for the period | 030 | 0 | -465.465 |
| 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 | -465.465 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | 544.027 | -465.465 |
| 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 financial instruments |
036 | 0 | 0 |
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 0 | -463.671 |
| 4 Other cash receipts from financing activities | 038 | 0 | 108 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 0 | -463.563 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -17.221 | 0 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -1.427.603 | 0 |
|---|---|---|---|
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital |
043 | 0 | 0 |
| 5 Other cash payments from financing activities | 044 | 0 | 0 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -1.444.824 | 0 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -1.444.824 | -463.563 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 0 | |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | -48.687 | -378.5991 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 458.402 | 409.715 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 409.715 | 31.116 |
C. T
| to 1.1.2024 for the period from |
30,6,2024 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| a f | Captul | Franciscon | kaarin | colonad profit fore Frontvilors for the commers of the person | ||||||||||||
| 1 Balance on the first day of the previous business year ounting poli revious period Changes in acc |
60 | 15.476.105 | -33.895 | 10 | 400 340 | 209 | 133.711 | -30.497 | -33,400.25 | 2.251,077 | -10.072016 | -10.672.0 | ||||
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) 3 Correction of errors |
80 04 |
15.476.105 | -33 806 | ಿರ | 191,958 | 400.340 | 5 209.116 | 133,711 | ||||||||
| 5 Profilitioss of the pariod | ૦ર | ಲ್ಲಾರ | 0 | -39, 492 | o o -33.460.258 |
2.251.077 6.083.780 |
-10.672016 6 083 780 |
-10.6720 6.083.78 |
||||||||
| reserves of fired tangible and intangible assets B Exchange cate differences from franslation of foreign operations Changes in revaluation |
లిం 07 |
0 | 3 503 | 4 687 250 | 1.183.954 | 1.183.94 | ||||||||||
| Gams or losses from subsequent measurement of financial assets at fair value nough other comprehensive income (available for sale) | 08 | 0 | ||||||||||||||
| 9 Profit or loss ansing from effective cash flow hedge | క్రిం | ్రా | C | |||||||||||||
| 10 Profit or loss ansing from effective hedge of a net investment in a foreign operation 1 ! Share in other comprehansive incomalloss of companies linked by vatue of |
10 | C | ||||||||||||||
| 12 Actuarial gainsflosses on the defined benefit obligation | 11 12 |
|||||||||||||||
| 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity | 13 14 |
00 | 0 | 0 | 321 | 8.196 | ||||||||||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) | 15 | -9.339.015 | 9,339.01 | |||||||||||||
| 16 Decrease in insul (subscribed) captal arising from the pre-bankruptcy softlemen. procedure | 16 | |||||||||||||||
| 17 Decrease in initial (subscribed) capital ansing from the reinvestment of profit | 17 | |||||||||||||||
| 18 Redemption of freasury shares/holdings | 8 l | |||||||||||||||
| 19 Payments from members/shareholders 20 Payment of share in profit/dividend | 6) | |||||||||||||||
| ន ក ដ | 8.677.540 | B.677. | 8.677.54 | |||||||||||||
| 21 Other distributions and payments to mombers. In the more of the material one of the mater for the marker for one on the cours 23 increase in reserves arraing from the pre | દર | 2.251.077 | -2 251,077 | |||||||||||||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by und | ાર | 14.814.630 kings that draw up financial statem |
nts in accordance with -33.895 |
the IFR5) | 0 | 101,958 | 400.340 | 1,705,824 | 133,711 | -39,171 | -17.174.719 | 6.083.780 | 5.281.778 | 5.281.77 | ||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 10 14) | 25 | 0 | -3.503.292 | 321 | 4.695,445 | 1.192.474 | 1,192.47 | |||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 5+25) |
26 | 0 | ಿ | -3.503.292 | 321 | 4.695 445 | 6.083.780 | 7.276.254 | 7.278.25 | |||||||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) | 27 | -661.475 | 0 | |||||||||||||
| Current posiod | 11.590.093 | -2.251 077 | 6.677.540 | 8 677.54 | ||||||||||||
| 14.814 630 | -33 895 | 0 | 191.958 | 400,340 | 1.705.824 | 133.711 | -39 171 | -17-174.719 | 6.063.780 | 5.281,778 | 5,281.77 | |||||
| Balance on the first day of the current business year Changes in accounting policies Chianges in accounting policies Correction of enors 3 Car |
있는 이름이다. 62 일간 일간 일간 | |||||||||||||||
| Balance on the first day of the current business year (restated) (AOP 26 to 30) | 5 | 14.814.630 | -33 895 | 0 | 191.058 | 400 3-40 | 1 705,824 | 133.711 | -39 171 | -17.174.719 | 6.083.780 | 5.281,778 | 5.281 77 | |||
| 6 Exchange rate differences from translation of foreign operations 5 Profit/loss of the period |
ล | ರ 0 |
್ರಿ 0 |
571.473 | 571.473 | 571.47 | ||||||||||
| 7 Changes in revaluation reserves of fived tangible and intangible assets | 34 | 0 | 0 | -152.251 | 496 65 | 11/10 | 344,399 | 344 39 | ||||||||
| Gaims or losses from tubsequent measurement of financial assets at far value trough other comprehensive income (available for sale) | 35 | 0 | ||||||||||||||
| effective cash flow hedge Profit or loss ansing from |
ସଦ | 0 | ||||||||||||||
| hedge of a net investment in a forsign operation effectria 10 Profit or loss ansing from |
37 | 0 | ||||||||||||||
| income/loss of companies linked by virtue of 11 Share in other comprehensive participating interests |
12 | 0 | 0 | 0 | ||||||||||||
| 12 Actuanal gainsillosses on the defined benefit obligation | ಿ ರ | 0 | 0 | |||||||||||||
| 13 Other changes in equity unrelated to owners | 유용 등 두 | 0 | 0 | 0 | -424 425 | -424.425 | -424.42 | |||||||||
| r is the Changle in equip primation in Everity 14 Tax on Iransactions tecognised orberty 15 Tax on Inanzacions secognised orbeth in equity | 24 | |||||||||||||||
| 16 Decrease in inibal (subscribed) capital arising from the pro-bankruptcy seltlemen | ಿಕ | |||||||||||||||
| 17 Decmase in inibal (subscobed) capital ansing from the rainvestment of profit. | yp | |||||||||||||||
| 18 Redemption of freasury sharesholdings 19 Payments from members/shareholders | ||||||||||||||||
| 20 Payment of share in profitidividend 21 Other data bullions and payments to members/shareholders | 号 第二号号 | |||||||||||||||
| 22 Carrylonward per annual plane | ||||||||||||||||
| 23 increase in reserves anting from the pre-bankruptcy tolliernent procedure 24 Balance on the last day of the current business year reporting period (ADP 31 | 8 | 6.083 780 | -6.083.780 | |||||||||||||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by und | 19 | 14,814,630 | -33.895 | 0 | 191,958 | 400.340 | 1,553,567 | 133.711 | -39.171 | -11.018.708 | 571,473 | 5.773.225 | 5.773.22 | |||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) | that dr 52 ngs |
0 up financial staten |
ts in accordance with | the IFRS] 0 |
C | -152 257 | 72 231 | |||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 | ್ರಿ ಅ | ್ ಅ | -80.026 | -80.02 | ||||||||||||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) do 52) |
53 | -152.257 | 72 231 | 571,473 | 491:447 | 491 44 | ||||||||||
| 54 | 6.083.780 | -5,063,78 |
STATEMENT OF CHANGES IN EQUITY
NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)
Reporting period: 1st January, 2024 to 30th June, 2024 Personal identification number (OIB): 79766124714 Name of the issuer: INSTITUT IGH, d.d.
Notes to financial statements for quarterly periods include:
al edrawn druses seem to uses not nors de contract hand hard hir rise end the epothy seriance in the espace he less been international production por international productio published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting).
LeMille (seat of the care of Learner) of the new senten in in Febray ( 5 22. The add the edited to the presentancy selements contribute and our love prosenting contress and o request to the Commercial Court in Zagreb for the cancellation of the pre-bankruptcy status.
b) if formation on the access to be line proses of understanding information published in the notes to financial statements dawn up for the seri-annual reporing geriod. Consolidated and non-consolidated for the period 1st Japan you 30th June, 2024 are available at the Friules (Indined in the Company's website https://www.igh.hr/
cle statener equing nices a speler who and stateming of the base multing may and the transis states of the case measuring prices ne craps, a necession of the rease a escript The financial statements have been prepared in according Standards adopted by the European Union (FRS) which are in force in the European Union. changes (item 16.A (a) IAS 34 - Interim financial reporting).
d) a description of the financial performance in the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting). There is no activity of a seasonal nature, with significantly increased business activity during the spring and autumn months.
e) dire commis person in a many of seast in hinding market and and and estable in the personal be lines are them with he position of the process and on the mailies.
sess with is the saves many be lievel be libered by and commissions in a permanism in the man heast on min he color control income on more in the color control in the librer Receivel and libilies for inceried with the proupe of the residence and liatilites within the proup as of Junies with the group as of June 30h, 2012 and signification
Reservations due to court cases on June 30th, 2024. amount to 769 thousand euros, while the previous year the virus .
Pouroune from the sale of an in the mount to 769 thousan
Revenues from the sale of services from related parties as of June 30, 2024. are not significant.
Employee expenses in the current period amounted to EUR 5,3 million, while in the same period last year they amounted to EUR 5,2 million.
In the TFI-POD form, transactions with related parties are shown in the provided positions under the name 'within the group'
f in the notes to quartery periods financial statements, in addition to the information in respect of the following matters shall be disclosed.
L orealing ane, engles (articles, and treation and estection in the mater enter and exception in the proseding is consection shoristians in the proseding some the prosecting NSTITUTE LHZayes, Jank John (1981) Press (1973) 2017) (1992) (1991) 1991) (1991) 1991) (1981) 1991) (1981) (1981) 1991) (1981): 1991): 1991): 1991): 1991): 1991): 1991: 1991 2. adopted accounting policies (only an indication of whether there has been a change from the previous period):
There were no changes in accounting policies compared to the previous reporting period.
. It be states and day in and the below the blance seet, and an intocinco in enable security with has best provides an commens concern genering persons the uncern in the prop company linked by virtue of participating interest shall be disclosed separately.
The company has obligations under issued bank guarantees for good performance in the amount of EUR 1.5 million.
- the amount and nature of income or expenditure which are of exceptional size or incidence.
Senificant of incone are presented as other prinarily binome from the sate in Dubronik and Karovac, income from rent, and cancellation of reservations freservations freservat
- anounts web you neer hing cole and pinterior in estee of the creating cover by ralesting concerner of meanter of me uneraling specifying the meetaing specify on the mail y
There are no obligations that mature after more than five years.
- average number of employees during the financial year - 366
. Ne e in anneans, he under in the order in internet manuf the teles and the paramit the paractical per costen comin the ancondition to season in the resolution to season con
The bures yer, ince was o apliated to be annother in neality of mailes and of the same and ontbulliors mains and ontbultions sains and ontduits to sains and online to same an the asses during the period, showing separately the telance of the amount of the mount of the anount of the and on the coast of endines and contibutions on salaries
- where a provision for deferred tax is recognised in the balance sheet, the
deferred tax balances at the end of the financial year, and the movement in those balances during the financial year.
Deferred tax liability is recognized in the balance sheet based on the revolve of revaluation reserves.
port in to iss tre also and the near and a peach and the control control of her hands and holor in the special on the spect on the spection in the spection in the spection i . It e near and the bested and the consent in the connection the united on the nearly of the spacial not more of the reserve and procession on the spacial one processional pr
PRIDRUŽENO DRUŠTVOADRESA
ELPIDA d.o.o.Ventilatorska 24, Lučko, Hrvatska
INSTITUT ZA INFRASTRUKTURNE PROJEKTEBugarska, Sofija PRVI CRNOGORSKI AUTOPUT d.o.o.Crna Gora, Podgorica
IGH KOSOVA SHABill Clinton Bulvari, Kosovo
IGH ITALY SRLPalmanova
- the number and the noninal value, the accounting par value of the shares subscribed during the inancial year whin the limils of the authorised capital During the business year 2022, an additional 867,754 shares were subscribed nominal values and book value of EUR 8,677,600
During 2024, there were no registration of new shares.
-
the existence of any participates, conventible debentures, warants, options or similar securities or rights, with an indication of their number and the rights they confer There is none
-
the name, registered office and legal form of each of the undertaking is a member having unlimited liability