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Jadran d.d. Management Reports 2020
2094_10-q_2020-02-28_a08eee19-afb6-4efb-838b-e01ed3a1d6bd.pdf
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MANAGEMENT BOARD REPORT ON COMPANY AND GROUP OPERATIONS For the Period from January – December 2019
(Unaudited)
Crikvenica, February 2020
| 1. GENERAL INFORMATION 1 | |
|---|---|
| 2. ORGANIZATIONAL AND OWNERSHIP STRUCTURE 2 | |
| 3. RESULTS OF COMPANY AND GROUP OPERATIONS 3 | |
| 4. KEY INDICATORS 5 | |
| 5. COMPANY'S AND GROUP'S EXPOSURE TO RISKS 6 | |
| 6. EMPLOYEES 8 | |
| 7. RESEARCH AND DEVELOPMENT ACTIVITIES 8 | |
| 8. INFORMATION REGARDING PURCHASE OF OWN SHARES 8 | |
| 9. IMPORTANT EVENTS FOLLOWING THE COMPLETION OF REPORT PERIOD 9 | |
| 10. CORPORATE MANAGEMENT CODEX 10 | |
| 11. ANNEXES 12 |
1. GENERAL INFORMATION
Name and Company
JADRAN, a joint stock company for hospitality and tourism, identification number (MBS): 040000817, personal identification number (OIB): 56994999963. Abbreviated company name is JADRAN d.d.
Seat and Legal Format
JADRAN d.d. is a joint stock company. Its seat is in Crikvenica, Bana Jelačića 16, Republic of Croatia.
Securities
On December 31st, 2019 the Company's share capital was HRK 482,507,730.00 divided into 27,971,463 regular shares, face amount excluded. The shares have been issued in non-materialized format with a sign JDRN-R-B, ISIN sign HRJDRNB0002 and are managed by the CDA depository.
Board Members:
- Goran Fabris, Chairman of the Management Board
- Karlo Čulo, Member of the Management Board
Supervisory Board:
.
- Tomislav Kitonić, President of the Supervisory Board
- Karlo Došen, Vice President of the Supervisory Board (since Oct. 31st , 2019)
- Ivan Blažević, Member of the Supervisory Board
- Dragan Magaš, Member of the Supervisory Board
- Mirko Herceg, Member of the Supervisory Board
2. ORGANIZATIONAL AND OWNERSHIP STRUCTURE
JADRAN d.d. constitutes the Group with companies CLUB ADRIATIC d.o.o. and STOLIST d.o.o.
The Company is a 100% owner of business shares of the company CLUB ADRIATIC d.o.o, Zagreb, Savska cesta 41/V.
Since June 18th , 2019, the Company has been a 100% owner of business shares of company STOLIST d.o.o., Crikvenica, Frankopanska 22.
The list of Company's shareholders with shares of 5 or more percent in the Company's share capital (as of December 31st , 2019):
- PBZ CO OMF CATEGORY B holds 16,121,391 shares representing 57.64% of shares in the Company's share capital;
- ERSTE PLAVI OMF CATEGORY B holds 8,547,346 shares representing 30.56% of shares in the Company's share capital;
Company's shareholders on December 31st , 2019
3. RESULTS OF COMPANY AND GROUP OPERATIONS
During the fourth quarter of 2019, Jadran realized total revenues in the amount of HRK 12,963,460 which is an increase of 59% compared to the same quarter in 2018. If we examine the business revenues alone, they totalled HRK 12,550,169 which is 58% higher than during the same period in 2018.
At the same time, the total expenses during the mentioned period totalled HRK 33,468,528 with the greatest share attributed to material expenses, amortization expenses and financing expenses.
During the period from January to December 2019, Jadran d.d. realized total revenues in the amount of HRK 114,531,567 which is an increase of HRK 21,118,595 or 23% compared to the same period in 2018. Total business revenues totalled HRK 113,590,262 which is an increase of 24% compared to the same period in 2018. In 2019, revenues from accommodation increased by 17% compared to the same period in 2018 with a special emphasis on increased revenues, especially in August 2019 when all newly renovated capacities were functional.
In 2019, special attention was paid to better management of Company's "non-core" assets and rent revenues in the amount of HRK 3,967,652 were realized representing an increase of 43% compared to the same period in 2018.
The increase in the Company's revenues in 2019 is mostly the result of two factors; new investment cycle and extended tourist season. The first ensured an increase in competitiveness and price increase due to improved quality of facilities and services. The second ensured better cost management with an emphasis on central service expenses and manpower expenses.
We have to take into consideration the fact that, due to several objective circumstances, the investment cycle was not fully realized and of the anticipated HRK 132.6 million, HRK 92 million were invested. We also have to emphasize that a section of the accommodation capacities was not functional until the beginning of August, and Hotel Ad Turres was not functional throughout the entire year.
Total expenses in 2019 amounted to HRK 113,030,552 which is an increase of HRK 5,660,120 or 5% in comparison to the same period in 2018. The largest increase pertains to material expenses that, from January to December 2019, compared to the same period in 2018, increased by 19% to HRK 47,536,039.
Personnel expenses in 2019 amounted to HRK 33,317,230 which is on the same level of the period in 2018. We should keep in mind that during the period from June to August 2019, Jadran paid employees an incentive in the amount of 6%. Employees also received rewards for good business results, gifts for children, reimbursement for vacations and Christmas bonuses for a total of HRK 1,953,527 meaning that the Company, based on the items mentioned above, paid a total of HRK 2,357,053.
On the Company level, from January to December 2019, EBITDA in the amount of HRK 20,707,182 was realized from operations. Several activities were implemented throughout the year with the goal of rectifying the existing values and long term stabilization of operations conditioned upon one-time expenses in the amount of HRK 10,329,689. Normalized EBITDA totals HRK 31,036,871 and represents an increase of HRK 16,917,104 or 119%.
In 2019, the Company realized HRK 134,475,391 in revenues and HRK 132,878,030 in expenses. The data for the period from January to December 2018 and the fourth quarter, are not comparable with the same period in 2019 since Jadran became the owner of the company Club Adriatic d.o.o. on Dec. 19th, 2018.
During the period from January to December 2019, the Group realized an EBITDA in the amount of HRK 23,539,139 while the normalized EBITDA for the Group amounted to HRK 34,168,828 which is, in comparison with the realized normalized EBITDA in 2018, an increase of 208% or HRK 23,084,142 (in 2018 the Group realized an EBITDA in the amount of HRK 62,051,384 due to a favourable purchase of the company Club Adriatic).
On June 28th, 2019 Jadran d.d. became the owner of the company Stolist d.o.o. However, due to the low significance, the data for the reporting period was not consolidated.
4. KEY INDICATORS
| KAČJAK | OVERNIGHTS | ARRIVALS | UNITS | NUMBER |
|---|---|---|---|---|
| Campsite | 5,389 | 1,562 | 2,032 | 90 |
| OMORIKA | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| ZAGREB | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| KAŠTEL | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| KATARINA | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| BAŠKO POLJE |
OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Hotel Alem | 64,758 | 10,356 | 27,963 | 612 |
| Campsite Baško Polje |
99,357 | 15,309 | 28,725 | 1,878 |
| KAČJAK | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
AD TURRES | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|---|---|---|---|---|---|---|---|---|---|
| Resort | 37,470 | 6,707 | 15,892 | 435 | Resort | 54,467 | 12,383 | 22,594 | 762 |
| Campsite | 5,389 | 1,562 | 2,032 | 90 | |||||
| TOTAL | 42,859 | 8,269 | 17,924 | 525 | ESPLANADE | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Hotel | 10,422 | 2,767 | 5,233 | 76 | |||||
| OMORIKA | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|||||
| Hotel | 51,497 | 15,920 | 23,881 | 248 | INTERNATIONAL | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Hotel | 14,625 | 2,817 | 8,432 | 83 | |||||
| ZAGREB | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|||||
| Hotel | 7,024 | 1,445 | 3,780 | 64 | SLAVEN | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Hotel | 43,423 | 8,282 | 19,336 | 407 | |||||
| KAŠTEL | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|||||
| Hotel | 21,369 | 6,721 | 10,697 | 178 | KAMP SELCE | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Camp | 79,817 | 21,038 | 27,383 | 1.500 | |||||
| KATARINA | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|||||
| Hotel | 61,278 | 18,054 | 30,212 | 352 | DELFIN | OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
| Hotel | 5,141 | 1,383 | 2,215 | 123 | |||||
| BAŠKO POLJE |
OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|||||
| Hotel Alem | 64,758 | 10,356 | 27,963 | 612 | |||||
| Baško Polje |
99,357 | 15,309 | 28,725 | 1,878 | TOTAL GROUP |
OVERNIGHTS | ARRIVALS | UNITS | NUMBER OF BEDS |
|---|---|---|---|---|---|---|---|---|---|
| TOTAL | 164,115 | 25,665 | 56,688 | 2,490 | Resorts | 91,937 | 19,090 | 38,486 | 1,197 |
| Hotels | 279,537 | 67,745 | 131,749 | 2,143 | |||||
| Camps | 179,174 | 36,347 | 56,108 | 3,378 | |||||
| Campsite | 5,389 | 1,562 | 2,032 | 90 | |||||
| TOTAL | 556,037 | 124,744 | 228,375 | 6,808 | |||||
5. COMPANY'S AND GROUP'S EXPOSURE TO RISKS
The main risks in operations of the company Jadran d.d. are the following:
Competition risk
The competition risk on the tourism market is extremely high since other similar tourist destinations invest significant funds into growth and development of their capacities, as well as marketing activities focused on attracting tourists. The competition, among other things, is based on price, quality and content of tourism offer in the Crikvenica Riviera area and other domestic and foreign tourism destinations. In order to increase its market competitiveness, the Company has started a new investment cycle that does not solely entail investing into accommodation capacities with the goal of increasing the number of units and improving the quality of accommodation, but also investing into the destination through active participation in all existing events as well as conceptualization of new attractions in the Crikvenica Riviera area.
Currency risk
Currency risk – is very present in Company operations in light of a large percentage of turnovers from foreign markets, that is, contracting of the service price in foreign currencies. The Company also has expenses based on the currency clause (loan obligations).
Interest rate risk
The Company is exposed to the interest risk because it concludes loan contracts with variable interest rates as well.
Settlement risk with another contracting party
Settlement risk with another contracting party is present in all bilateral obligatory-legal relations. Since the question of meeting monetary obligations towards the Issuer is one of the key elements for uninterrupted operations, the Company pays special attention to this risk. The Company has established strict procedures in order to reduce the receivables risk to a minimum.
Inflation risk (increase in consumer prices)
Inflation risk is especially present with contractual relations where the price of services or products is indexed and tied to the policy of strong HRK of the CNB. Since this is about an external risk, the possibility of removing the mentioned risk is minimal. With the goal of reducing the inflation risk, the Company insists on contracting fixed terms of procurement with all suppliers where possible. An exception are energy suppliers where prices are subject to stock exchange changes.
Liquidity risk
The Company manages this risk by maintaining adequate reserves, bank loans as well as other sources of financing by constantly monitoring planned and realized cash flows and comparing profiles of maturity of financial assets and obligations. During the next period, there will be no such risk for the Company.
Risk of changing tax and concession regulations
The risk of changing tax and concession regulations represents a possibility where competent authorities may change tax regulations in a way that would negatively impact the profitability of Company operations. The mentioned risk is reflected through possible changes in tax rates and subject of taxation, as well as other possible regulation changes in terms of concession and concession approvals. The right to use a maritime domain is one of significant conditions for further operations of the Company, and in this segment, the Company actively strives to arrange new cooperation bases with the local community.
Tourism branch risk
Broader political situation and increased terrorism have a significant impact on tourism. Tourism, as a branch, is very sensitive in terms of safety in the destination and the surrounding area. Decreased risk of some of destinations that are our competitors (such as Turkey, Greece) additionally weakens the competitive position of Croatian tourism as a whole thereby impacting the Company as well. Through the earlier mentioned investment cycle, the Company will try to minimize the impact of "negative" market changes and risks on this basis.
Ecological risk
Ecological risk can significantly impact the results of Company operations mostly through the quality of the sea and the shoreline where guests stay. Climate changes can directly impact the length of time guests stay at the Company's accommodation capacities. We can add various other natural catastrophes and disasters to this.
Main risks in operations of the company CLUB ADRIATIC d.o.o.:
Competition risk
Due to the pre-bankruptcy settlement, Club Adriatic d.o.o. may not be able to (it has not been so far) invest into improving the quality of accommodation. With the 2* category for the hotel and 3* category for the camp, the Company could not compete with the closest competitors both in terms of price and quality of service.
Currency risk
The official currency of Club Adriatic d.o.o. is HRK, but certain transactions in foreign currencies are converted into HRK by applying the exchange rate valid on the date of balance. The created currency differences burden operation expenses or are entered for the benefit of the profit-loss account, but do not impact the cash flow.
Liquidity risk
Liquidity risk management includes maintenance of sufficient quantities of money and working capital. Since Club Adriatic d.o.o. is in the process of a pre-bankruptcy settlement, it must meet its obligations towards its creditors and employees in accordance with the contracted payment due dates. Most of the suppliers Club Adriatic d.o.o. owes money to, according to the pre-bankruptcy process, demand payments via pro forma invoices or payments that must be made within 8 days. Therefore, the company must have sufficient funds to cover regular obligations. The risk present in operations is prolongation of the pre-bankruptcy settlement process where there is a risk that it will not be able to regularly cover its obligations during the winter period.
6. EMPLOYEES
On Dec. 31st , 2019 the Company employed a total of 178 workers with 150 of them employed on a full time basis and 28 on a temporary basis.
On Dec. 31st, 2019 Club Adriatic d.o.o. employed a total of 57 workers with two of them employed on a temporary basis.
The company Stolist d.o.o. employs one person.
On Dec. 31st, 2019 the Group employed a total of 236 workers.
7. RESEARCH AND DEVELOPMENT ACTIVITIES
The Company continually monitors events in the area and invests into market research, recognizing business opportunities and realizing new acquisitions. The Company directs and supports the activity of the associated company.
8. INFORMATION REGARDING PURCHASE OF OWN SHARES
On December 31st, 2019 the Company's share capital was HRK 482,507,730.00 divided into 27,971,463 regular non-materialized shares, face amount excluded. The Company owns a total of 631 own shares representing 0.0023% of the Company's share capital.
9. IMPORTANT EVENTS FOLLOWING THE COMPLETION OF THE REPORT PERIOD
On December 19th , 2019 the Commercial Court in Zagreb made a Decision number Stpn-217/2015 approving the conclusion of the pre-bankruptcy settlement between the debtor CLUB ADRIATIC d.o.o. and its creditors.
No complaints were submitted against the previously mentioned Decision and the Commercial Court in Zagreb made a Conclusion number Stpn-217/2015-30 on January 15th, 2020 confirming that the Decision regarding the Confirmation of the Pre-bankruptcy Settlement became final on Jan. 8th, 2020.
On February 20th, 2020, Jadran d.d., pursuant to concluded rental contracts, handed the rented accommodation capacities over as follows:
- Hotel Lišanj, capacity of 168 accommodation units and Hotel Horizont, capacity of 60 accommodation units, in Novi Vinodolski;
- Hotel NOEMIA in Baška Voda with a capacity of 63 accommodation units;
- Garden Palace Resort Bella Natura in Umag, capacity of 112 accommodation units apartments.
The rental contract for Hotel Lišanj and Hotel Horizont has been concluded for a 3 year period starting from the day it was concluded, that is, until the handover of the hotel.
The rental contract for Hotel Noemia has been concluded for a 15 year period starting from the first day of the lease, that is, from June 1st, 2020.
The lease contract for the Garden Palace Resort Bella Natura complex has been concluded for a 10 year period starting from the first day of the lease, that is, from April 1st , 2020.
10. CORPORATE MANAGEMENT CODEX
Društvo Jadran d.d. applies and abides by the corporate management practice principles in its operations. The Company did not create its own corporate management codex, but applies the Zagreb Stock Exchange Codex in its operations and reports about it in the annual questionnaire that it makes publicly accessible via a publication pursuant to regulations. The questionnaire with answers precisely indicating which provisions from the Codex the Company applies, and which ones it does not, is publicly accessible on the official web pages of the Zagreb Stock Exchange (www.zse.hr).
The Company's shares are listed on the official market of the Zagreb Stock Exchange and the ownership structure report is an integral part of the Annual Report.
The information regarding more significant shareholders are accessible on a daily basis on the official web pages of the CDA (www.skdd.hr).
The Company's share capital was HRK 482,507,730.00 divided into 27,971,463 regular shares, face amount excluded.
One share equals one vote, and there are no issued securities that give special rights or limitations.
The General Assembly is fully convened and held pursuant to provisions from the Companies Act and the Company's Articles of Association.
Invitation to the Assembly, proposals, and decisions made by the Assembly are made public in accordance with the Companies Act, the Capital Market Act and the Rules of the Zagreb Stock Exchange.
The Company listed its shares on the official market of the Zagreb Stock Exchange at the beginning of 2018. As of the day of the listing, the company has not operated with a profit, and consequently, there has been no dividend payment.
The shareholders are not allowed to participate and vote at the General Assembly of the company using the means of modern communication technology because there has been no need for it so far.
Registration for the Assembly is limited in terms of requiring the shareholders to declare their participation in accordance with the Companies Act.
The Management Board of the Company has not publicly disclosed information regarding possible lawsuits against decisions of the General Assembly because there have been no lawsuits against decisions.
The Company does not have a long-term succession plan in terms of the Codex, but there is a framework plan for the replacement of senior management through continual training programs.
The remuneration received by the members of the Supervisory Board has been established in a fixed amount by a decision of the General Assembly.
Remuneration and other emoluments of the members of the Management Board and the Supervisory Board are presented in consolidated form and are published in the Annual Report and are not presented separately for each individual member of the Management Board and the Supervisory Board.
There were no transactions in which the members of the Supervisory Board or the Management Board or related persons and the company or related persons participated, and therefore, are not even listed in the Company's reports. This also applies to matters involving members of the Management Board or executive directors and related parties and the company or related parties.
The Company does not have an Internal Audit Committee established because it has no legal obligation to do so.
The Audit Committee has not monitored the nature and quantity of non-audit services, and the Company receives them from the audit firm or related parties because restrictions on the provision of services other than external audit are regulated by law.
Details of all remuneration and benefits received by each member of the Management Board or Executive Directors from the Company have not been made public in the Annual Report because there is no legal obligation to do so. The statement regarding the remuneration policy is published separately from the Annual Report.
The main features of risk management are mentioned in the Annual Report.
The Company, within its organizational model in which it operates and in where all business processes occur, has developed internal control systems at all significant levels that, among other things, enable fair and correct presentation of financial and business reports.
The rules on the appointment and dismissal of members of the Management Board and the Supervisory Board have been established by the Articles of Association and the provisions of the Companies Act. The appointment rules do not contain any restrictions that would affect diversity in terms of gender, age, profession, education and other.
The rules for amending the Statute have been established by the Companies Act.
The powers of a member of the Management Board are fully harmonized with the provisions of the Companies Act.
During 2018, the Supervisory Board established the committees of the Supervisory Board and appointed the members of the committees. An Audit Committee, a Nominating and Remuneration Committee and a Corporate Governance Commission have been established. Most of the members of the Audit Committee are from independent members of the Supervisory Board.
11. ANNEXES
| Annex 1 | ISSUER'S GENERAL DATA | |
|---|---|---|
| Reporting period: | 1.1.2019 31.12.2019 to |
|
| Year: | 2019 | |
| Quarter: | 4. | |
| Quarterly financial statements | ||
| Registration number (MB): | Issuer's home Member 03145662 HR State code: |
|
| Entity's registration number (MBS): |
040000817 | |
| Personal identification number (OIB): |
56994999963 LEI: 74780030Q33IX8LEE969 |
|
| Institution code: |
1285 | |
| Name of the issuer: JADRAN D.D. | ||
| Postcode and town: | 51260 CRIKVENICA |
|
| Street and house number: BANA JELAČIĆA 16 | ||
| E-mail address: [email protected] | ||
| Web address: www.jadran-crikvenica.hr | ||
| Number of employees (end of the reporting |
178 | |
| Consolidated report: | KN KD KN (KN-not consolidated/KD-consolidated) |
|
| Audited: | RN RD RN (RN-not audited/RD-audited) |
|
| Names of subsidiaries (according to IFRS): | Registered office: MB: |
|
| Yes | ||
| Bookkeeping firm: | No No (Yes/No) (name of the bookkeeping firm) |
|
| Contact person: IVANČIĆ MAJETIĆ NATALI (only name and surname of the contact person) |
||
| Telephone: 051/800-482 | ||
| E-mail address: [email protected] | ||
| Audit firm: | (name of the audit firm) | |
| Certified auditor: | (name and surname) |
BALANCE SHEET balance as at 31.12.2019
in HRK
Submitter: JADRAN D.D., CRIKVENICA Item ADP code 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 001 0 0 B) FIXED ASSETS (ADP 003+010+020+031+036) 002 686.010.358 822.718.935 I INTANGIBLE ASSETS (ADP 004 to 009) 003 126.959 16.062.690 1 Research and development 004 0 0 2 Concessions, patents, licences, trademarks, software and other rights 005 126.959 62.679 3 Goodwill 006 0 0 4 Advances for the purchase of intangible assets 007 0 0 5 Intangible assets in preparation 008 0 0 6 Other intangible assets 009 0 16.000.011 II TANGIBLE ASSETS (ADP 011 to 019) 010 625.048.928 744.845.089 1 Land 011 298.373.064 298.373.064 2 Buildings 012 293.486.252 331.476.277 3 Plant and equipment 013 27.895.465 68.535.782 4 Tools, working inventory and transportation assets 014 192.281 271.453 5 Biological assets 015 0 0 6 Advances for the purchase of tangible assets 016 0 0 7 Tangible assets in preparation 017 5.101.866 46.188.513 8 Other tangible assets 018 0 0 9 Investment property 019 0 0 III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 60.500.000 61.476.685 1 Investments in holdings (shares) of undertakings within the group 021 60.500.000 61.476.685 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 024 0 0 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 0 0 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 0 0 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 0 0 4 Other receivables 035 0 0 V DEFERRED TAX ASSETS 036 334.471 334.471 C) CURRENT ASSETS (ADP 038+046+053+063) 037 134.518.190 125.742.808 I INVENTORIES (ADP 039 to 045) 038 452.470 421.203 1 Raw materials and consumables 039 429.856 398.561
| 2 Work in progress | 040 | 0 | 0 |
|---|---|---|---|
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 22.614 | 22.642 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 8.563.556 | 90.055.812 |
| 1 Receivables from undertakings within the group | 047 | 5.209.228 | 6.744.660 |
| 2 Receivables from companies linked by virtue of participating | |||
| interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 1.387.318 | 5.359.023 |
| 4 Receivables from employees and members of the | 050 | 36.444 | 29.084 |
| undertaking 5 Receivables from government and other institutions |
051 | 319.463 | 643.192 |
| 6 Other receivables | 052 | 1.611.103 | 77.279.853 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0 | 14.000.000 |
| 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 | 0 | 14.000.000 |
| 4 Investments in holdings (shares) of companies linked by | |||
| virtue of participating interests | 057 | 0 | 0 |
| 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 | 0 | 0 |
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 125.502.164 | 21.265.793 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 1.329.588 | 944.637 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 821.858.136 | 949.406.380 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 706.479.703 | 707.980.717 |
| 070+076+077+081+084+087) | |||
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 482.507.730 | 482.507.730 |
| II CAPITAL RESERVES | 069 | 234.210.922 | 234.210.922 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 0 | 0 |
| 1 Legal reserves | 071 | 0 | 0 |
| 2 Reserves for treasury shares 3 Treasury shares and holdings (deductible item) |
072 073 |
0 0 |
0 0 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 0 | 0 |
| V FAIR VALUE RESERVES (ADP 078 to 080) | 077 | 0 | 0 |
| 1 Fair value of financial assets available for sale | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective | |||
| portion | 080 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082-083) |
081 | 3.718.511 | -10.238.950 |
| 1 Retained profit | 082 | 3.718.511 | 0 |
| 2 Loss brought forward | 083 | 0 | 10.238.950 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085- 086) |
084 | -13.957.460 | 1.501.015 |
|---|---|---|---|
| 1 Profit for the business year | 085 | 0 | 1.501.015 |
| 2 Loss for the business year | 086 | 13.957.460 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 087 | 0 | 0 |
| B) PROVISIONS (ADP 089 to 094) | 088 | 482.414 | 489.419 |
| 1 Provisions for pensions, termination benefits and similar obligations |
089 | 482.414 | 489.419 |
| 2 Provisions for tax liabilities | 090 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 091 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 092 | 0 | 0 |
| 5 Provisions for warranty obligations | 093 | 0 | 0 |
| 6 Other provisions | 094 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 096 to 106) | 095 | 75.147.117 | 189.350.985 |
| 1 Liabilities to undertakings within the group | 096 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the | 097 | 0 | 0 |
| group | |||
| 3 Liabilities to companies linked by virtue of participating interests |
098 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
099 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 100 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 101 | 74.875.663 | 171.956.525 |
| 7 Liabilities for advance payments | 102 | 0 | 0 |
| 8 Liabilities to suppliers | 103 | 0 | 0 |
| 9 Liabilities for securities | 104 | 0 | 0 |
| 10 Other long-term liabilities | 105 | 271.454 | 17.394.460 |
| 11 Deferred tax liability | 106 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 108 to 121) | 107 | 38.383.310 | 50.621.686 |
| 1 Liabilities to undertakings within the group | 108 | 0 | 140.586 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group |
109 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests |
110 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
111 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 112 | 548.861 | 577.461 |
| 6 Liabilities to banks and other financial institutions | 113 | 8.260.983 | 14.775.821 |
| 7 Liabilities for advance payments | 114 | 3.084.303 | 1.794.878 |
| 8 Liabilities to suppliers | 115 | 9.692.580 | 19.185.785 |
| 9 Liabilities for securities | 116 | 0 | 0 |
| 10 Liabilities to employees | 117 | 2.825.561 | 3.014.250 |
| 11 Taxes, contributions and similar liabilities | 118 | 1.432.559 | 801.579 |
| 12 Liabilities arising from the share in the result | 119 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 120 | 0 | 0 |
| 14 Other short-term liabilities | 121 | 12.538.463 | 10.331.326 |
| E) ACCRUALS AND DEFERRED INCOME | 122 | 1.365.592 | 963.573 |
| F) TOTAL – LIABILITIES (ADP 067+088+095+107+122) | 123 | 821.858.136 | 949.406.380 |
| G) OFF-BALANCE SHEET ITEMS | 124 | 0 | 0 |
STATEMENT OF PROFIT OR LOSS for the period 01.01.2019 to 31.12.2019
Submitter: JADRAN D.D., CRIKVENICA
| Item | ADP | Same period of the previous year |
Current period | ||||
|---|---|---|---|---|---|---|---|
| code | Cumulative | Quarter | Cumulative | Quarter | |||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| I OPERATING INCOME (ADP 126 to 130) | 125 | 91.521.423 | 7.946.493 | 113.590.262 | 12.550.169 | ||
| 1 Income from sales with undertakings within the group |
126 | 0 | 0 | 0 | 0 | ||
| 2 Income from sales (outside group) | 127 | 86.480.407 | 6.238.487 | 98.448.603 | 6.320.704 | ||
| 3 Income from the use of own products, goods and services |
128 | 0 | 0 | 0 | 0 | ||
| 4 Other operating income with undertakings within the group |
129 | 0 | 0 | 337.511 | 313.092 | ||
| 5 Other operating income (outside the group) | 130 | 5.041.016 | 1.708.006 | 14.804.148 | 5.916.373 | ||
| II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153) |
131 | 104.081.943 | 19.687.880 | 108.621.723 | 31.940.188 | ||
| 1 Changes in inventories of work in progress and finished goods |
132 | 0 | 0 | 0 | 0 | ||
| 2 Material costs (ADP 134 to 136) | 133 | 40.111.495 | 6.475.414 | 47.536.039 | 12.450.154 | ||
| a) Costs of raw materials and consumables | 134 | 19.528.379 | 2.206.059 | 18.929.770 | 2.506.457 | ||
| b) Costs of goods sold | 135 | 230.021 | 74.311 | 4.259.957 | 1.736.795 | ||
| c) Other external costs | 136 | 20.353.095 | 4.195.044 | 24.346.312 | 8.206.902 | ||
| 3 Staff costs (ADP 138 to 140) | 137 | 33.334.219 | 8.064.855 | 33.317.230 | 8.744.560 | ||
| a) Net salaries and wages | 138 | 21.947.371 | 5.287.916 | 21.981.709 | 6.057.157 | ||
| b) Tax and contributions from salary costs | 139 | 7.127.870 | 1.756.729 | 7.319.495 | 1.732.118 | ||
| c) Contributions on salaries | 140 | 4.258.978 | 1.020.210 | 4.016.026 | 955.285 | ||
| 4 Depreciation | 141 | 10.745.229 | 2.673.363 | 15.234.156 | 5.978.324 | ||
| 5 Other costs | 142 | 6.430.590 | 1.142.346 | 9.588.259 | 2.028.257 | ||
| 6 Value adjustments (ADP 144+145) | 143 | 13.218.315 | 272.948 | 1.615.575 | 1.615.575 | ||
| a) fixed assets other than financial assets | 0 | 0 | 0 | 0 | |||
| b) current assets other than financial assets | 13.218.315 | 272.948 | 1.615.575 | 1.615.575 | |||
| 7 Provisions (ADP 147 to 152) | 146 | 0 | 1.030.039 | 1.116.776 | 1.116.776 | ||
| a) Provisions for pensions, termination benefits and similar obligations |
147 | 0 | 0 | 0 | 0 | ||
| b) Provisions for tax liabilities | 148 | 0 | 0 | 0 | 0 | ||
| c) Provisions for ongoing legal cases | 149 | 0 | 0 | 0 | 0 | ||
| d) Provisions for renewal of natural resources | 150 | 0 | 0 | 0 | 0 | ||
| e) Provisions for warranty obligations | 151 | 0 | 0 | 0 | 0 | ||
| f) Other provisions | 152 | 0 | 1.030.039 | 1.116.776 | 1.116.776 | ||
| 8 Other operating expenses | 153 | 242.095 | 28.915 | 213.688 | 6.542 | ||
| III FINANCIAL INCOME (ADP 155 to 164) | 154 | 1.891.549 | 214.821 | 941.305 | 413.291 | ||
| 1 Income from investments in holdings (shares) of undertakings within the group |
155 | 0 | 0 | 0 | 0 | ||
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
156 | 0 | 0 | 0 | 0 | ||
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
157 | 0 | 0 | 0 | 0 | ||
| 4 Other interest income from operations with undertakings within the group |
158 | 0 | 0 | 250.728 | 250.728 | ||
| 5 Exchange rate differences and other financial income from operations with undertakings within |
159 | 0 | 0 | 0 | 0 |
| the group | |||||
|---|---|---|---|---|---|
| 6 Income from other long-term financial | 160 | 0 | 0 | 0 | 0 |
| investments and loans 7 Other interest income |
161 | 1.705 | 0 | 12.397 | 6.417 |
| 8 Exchange rate differences and other financial | 162 | 1.758.531 | 83.447 | 544.234 | 60.809 |
| income 9 Unrealised gains (income) from financial |
|||||
| assets | 163 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 164 | 131.313 | 131.374 | 133.946 | 95.337 |
| IV FINANCIAL EXPENSES (ADP 166 to 172) | 165 | 3.288.489 | 843.435 | 4.408.829 | 1.528.340 |
| 1 Interest expenses and similar expenses with undertakings within the group |
166 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
167 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 168 | 2.653.183 | 0 | 2.893.112 | 758.623 |
| 4 Exchange rate differences and other expenses | 169 | 635.306 | 666.734 | 910.709 | 525.004 |
| 5 Unrealised losses (expenses) from financial assets |
170 | 0 | 0 | 0 | 0 |
| 6 Value adjustments of financial assets (net) | 171 | 0 | 0 | 0 | 0 |
| 7 Other financial expenses | 172 | 0 | 176.701 | 605.008 | 244.713 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
173 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 174 | 0 | 0 | 0 | 0 |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST |
175 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 176 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 125+154+173 + 174) | 177 | 93.412.972 | 8.161.314 | 114.531.567 | 12.963.460 |
| X TOTAL EXPENDITURE (ADP 131+165+175 + 176) |
178 | 107.370.432 | 20.531.315 | 113.030.552 | 33.468.528 |
| XI PRE-TAX PROFIT OR LOSS (ADP 177-178) | 179 | -13.957.460 | - 12.370.001 |
1.501.015 | - 20.505.068 |
| 1 Pre-tax profit (ADP 177-178) | 180 | 0 | 0 | 1.501.015 | 0 |
| 2 Pre-tax loss (ADP 178-177) | 181 | -13.957.460 | - 12.370.001 |
0 | - 20.505.068 |
| XII INCOME TAX | 182 | 0 | 0 | 0 | 0 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182) |
183 | -13.957.460 | - 12.370.001 |
1.501.015 | - 20.505.068 |
| 1 Profit for the period (ADP 179-182) | 184 | 0 | 0 | 1.501.015 | 0 |
| 2 Loss for the period (ADP 182-179) | 185 | -13.957.460 | - 12.370.001 |
0 | - 20.505.068 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) |
|||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188) |
186 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 187 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 188 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS |
189 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 186-189) |
190 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 189-186) |
191 | 0 | 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 179+186) | 192 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 192) | 193 | 0 | 0 | 0 | 0 |
| 194 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 182+189) | 195 | 0 | 0 | 0 | 0 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 192-195) |
196 | 0 | 0 | 0 | 0 | ||||||
| 1 Profit for the period (ADP 192-195) | 197 | 0 | 0 | 0 | 0 | ||||||
| 2 Loss for the period (ADP 195-192) | 198 | 0 | 0 | 0 | 0 | ||||||
| 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 200+201) |
199 | 0 | 0 | 0 | 0 | ||||||
| 1 Attributable to owners of the parent | 200 | 0 | 0 | 0 | 0 | ||||||
| 2 Attributable to minority (non-controlling) interest |
201 | 0 | 0 | 0 | 0 | ||||||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||||||||
| I PROFIT OR LOSS FOR THE PERIOD | 202 | -13.957.460 | - 12.370.001 |
1.501.015 | - 20.505.068 |
||||||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211) |
203 | 0 | 0 | 0 | 0 | ||||||
| 1 Exchange rate differences from translation of foreign operations |
204 | 0 | 0 | 0 | 0 | ||||||
| 2 Changes in revaluation reserves of fixed tangible and intangible assets |
205 | 0 | 0 | 0 | 0 | ||||||
| 3 Profit or loss arising from subsequent measurement of financial assets available for sale |
206 | 0 | 0 | 0 | 0 | ||||||
| 4 Profit or loss arising from effective cash flow hedging |
207 | 0 | 0 | 0 | 0 | ||||||
| 5 Profit or loss arising from effective hedge of a net investment in a foreign operation |
208 | 0 | 0 | 0 | 0 | ||||||
| 6 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
209 | 0 | 0 | 0 | 0 | ||||||
| 7 Actuarial gains/losses on the defined benefit obligation |
210 | 0 | 0 | 0 | 0 | ||||||
| 8 Other changes in equity unrelated to owners | 211 | 0 | 0 | 0 | 0 | ||||||
| III TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD |
212 | 0 | 0 | 0 | 0 | ||||||
| IV NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212) |
213 | 0 | 0 | 0 | 0 | ||||||
| V COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213) |
214 | -13.957.460 | - 12.370.001 |
1.501.015 | - 20.505.068 |
||||||
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) |
|||||||||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217) |
215 | 0 | 0 | 0 | 0 | ||||||
| 1 Attributable to owners of the parent | 216 | 0 | 0 | 0 | 0 | ||||||
| 2 Attributable to minority (non-controlling) interest |
217 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2019. to 31.12.2019.
in HRK Submitter: JADRAN D.D., CRIKVENICA Item ADP code Same period of the previous year Current period 1 2 3 4 Cash flow from operating activities 1 Pre-tax profit 001 -13.957.460 1.501.015 2 Adjustments (ADP 003 to 010): 002 27.662.690 15.241.161 a) Depreciation 003 10.745.229 15.234.156 b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets 004 195.676 0 c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets 005 13.395.016 0 d) Interest and dividend income 006 0 0 e) Interest expenses 007 2.662.277 0 f) Provisions 008 0 7.005 g) Exchange rate differences (unrealised) 009 1.067.110 0 h) Other adjustments for non-cash transactions and unrealised gains and losses 010 -402.618 0 I Cash flow increase or decrease before changes in working capital (ADP 001+002) 011 13.705.230 16.742.176 3 Changes in the working capital (ADP 013 to 016) 012 -23.569.633 -75.783.120 a) Increase or decrease in short-term liabilities 013 -7.257.263 5.292.919 b) Increase or decrease in short-term receivables 014 -16.321.567 -81.492.257 c) Increase or decrease in inventories 015 9.197 31.267 d) Other increase or decrease in working capital 016 0 384.951 II Cash from operations (ADP 011+012) 017 -9.864.403 -59.040.944 4 Interest paid 018 -2.622.443 0 5 Income tax paid 019 0 0 A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 020 -12.486.846 -59.040.944 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 024 0 0 5 Cash receipts from repayment of loans and deposits 025 0 0 6 Other cash receipts from investment activities 026 0 0 III Total cash receipts from investment activities (ADP 021 to 026) 027 0 0 1 Cash payments for the purchase of fixed tangible and intangible assets 028 -6.804.564 -151.942.733 2 Cash payments for the acquisition of financial instruments 029 0 0 3 Cash payments for loans and deposits for the period 030 0 0 4 Acquisition of a subsidiary, net of cash acquired 031 -50.500.000 0 5 Other cash payments from investment activities 032 0 0 IV Total cash payments from investment activities (ADP 028 to 032) 033 -57.304.564 -151.942.733 B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) 034 -57.304.564 -151.942.733
| 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 | 200.000.640 | 0 |
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 2.649.422 | 120.747.306 |
| 4 Other cash receipts from financing activities | 038 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 202.650.062 | 120.747.306 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -9.998.907 | 0 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -10.051 | -14.000.000 |
| 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 | -10.008.958 | -14.000.000 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) |
046 | 192.641.104 | 106.747.306 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 0 | 0 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | 122.849.694 | -104.236.371 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 2.652.470 | 125.502.164 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 125.502.164 | 21.265.793 |
| STATEMENT OF CHANGES IN EQUITY for the period from 1.1.2019 t |
o 31.12.2019 | in HRK | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code |
Initial (subscribed) capital |
Capital reserves Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves Other reserves | Attributable to owners of the parent Revaluation reserves |
Fair value of financial assets available for sale |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
Minority (non controlling) interest |
Total capital and reserves |
||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | effective portion 13 |
14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) |
| Previous period | |||||||||||||||||
| 1 Balance on the first day of the previous business year 2 Changes in accounting policies |
01 02 |
491.316.690 | 25.401.322 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 3.718.511 0 0 |
0 520.436.523 0 0 |
0 520.436.523 0 0 |
|||
| 3 Correction of errors 4 Balance on the first day of the previous business year (restated) (ADP 01 to |
03 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 03) 5 Profit/loss of the period |
04 05 |
491.316.690 | 25.401.322 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 3.718.511 0 0 |
-13.957.460 | 0 520.436.523 -13.957.460 |
0 520.436.523 0 -13.957.460 |
||
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 8 Profit or loss arising from subsequent measurement of financial assets available for | 08 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| sale 9 Profit or loss arising from effective cash flow hedge |
09 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of | 11 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| participating interests 12 Actuarial gains/losses on the defined benefit obligation |
12 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity |
13 14 |
200.000.640 | 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 200.000.640 0 0 |
0 200.000.640 0 0 |
|||
| 15 Increase/decrease in initial (subscribed) capital (other than from reinvesting profit | 15 | -208.809.600 | 208.809.600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
|||
| and other than arising from the pre-bankruptcy settlement procedure) 16 Increase in initial (subscribed) capital arising from the reinvestment of profit |
16 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement | 17 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| procedure 18 Redemption of treasury shares/holdings |
18 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 19 Payment of share in profit/dividend | 19 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 20 Other distribution to owners 21 Transfer to reserves according to the annual schedule |
20 21 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 0 0 |
||||
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure 23 Balance on the last day of the previous business year reporting period (04 |
22 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| to 22) APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) |
23 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 3.718.511 |
-13.957.460 | 706.479.703 | 0 706.479.703 |
||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX | |||||||||||||||||
| (ADP 06 to 14) | 24 | 200.000.640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 200.000.640 |
0 200.000.640 |
|||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+24) |
25 | 200.000.640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
-13.957.460 | 186.043.180 | 0 186.043.180 |
||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 22) Current period |
26 | -208.809.600 | 208.809.600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
|||
| 1 Balance on the first day of the current business year 2 Changes in accounting policies |
27 28 |
482.507.730 | 234.210.922 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 -10.238.950 0 0 |
0 706.479.702 0 0 |
0 706.479.702 0 0 |
|||
| 3 Correction of errors | 29 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 4 Balance on the first day of the current business year (restated) (ADP 27 to 29) | 30 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 -10.238.950 |
0 706.479.702 |
0 706.479.702 |
|||
| 5 Profit/loss of the period 6 Exchange rate differences from translation of foreign operations |
31 32 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
1.501.015 | 1.501.015 0 0 |
0 1.501.015 0 0 |
|||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 33 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 8 Profit or loss arising from subsequent measurement of financial assets available for | 34 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| sale 9 Profit or loss arising from effective cash flow hedge |
35 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 36 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of | 37 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| participating interests 12 Actuarial gains/losses on the defined benefit obligation |
38 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity |
39 40 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 0 0 |
||||
| 15 Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
41 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit | 42 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement | 43 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| procedure 18 Redemption of treasury shares/holdings |
44 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 19 Payment of share in profit/dividend | 45 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 0 |
||||
| 20 Other distribution to owners 21 Transfer to reserves according to the annual schedule |
46 47 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 0 |
||||
| 22 Increase in reserves arising from the pre-bankruptcy settlement procedure 23 Balance on the last day of the current business year reporting period (ADP |
48 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| 30 to 48) APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) |
49 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 -10.238.950 |
1.501.015 | 707.980.717 | 0 707.980.717 |
||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 32 to 40) |
50 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) |
51 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
1.501.015 | 1.501.015 | 0 1.501.015 |
|||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 41 to 48) |
52 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
0 0 |
NOTES TO FINANCIAL STATEMENTS - TFI
Name of the issuer: JADRAN D.D. Personal identification number (OIB): 56994999963
Reporting period: 01.01.-31.12.2019.
Business Data for the period 01-12 / 2019. are specified in the interim report which is an integral part of the report for the Fourth Quarter of 2019.
| Annex 1 | |||
|---|---|---|---|
| ISSUER'S GENERAL DATA | |||
| Reporting period: | 1.1.2019 | 31.12.2019 to |
|
| Year: | 2019 | ||
| Quarter: | 4. | ||
| Quarterly financial statements | |||
| Registration number (MB): | 03145662 | Issuer's home Member HR |
|
| Entity's registration | State code: | ||
| number (MBS): Personal identification |
040000817 | ||
| number (OIB): | 56994999963 | 74780030Q33IX8LEE969 LEI: |
|
| Institution code: |
1285 | ||
| Name of the issuer: JADRAN D.D. | |||
| Postcode and town: | 51260 | CRIKVENICA | |
| Street and house number: BANA JELAČIĆA 16 | |||
| E-mail address: [email protected] | |||
| Web address: www.jadran-crikvenica.hr | |||
| Number of employees 236 (end of the reporting |
|||
| Consolidated report: KD |
(KN-not consolidated/KD-consolidated) | KN | KD |
| Audited: RN |
(RN-not audited/RD-audited) | RN | RD |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |
| CLUB ADRIATIC D.O.O. | ZAGREB, SAVSKA CESTA 41/V | 1634470 | |
| Yes No |
|||
| Bookkeeping firm: | No (Yes/No) |
(name of the bookkeeping firm) | |
| Contact person: IVANČIĆ MAJETIĆ NATALI | (only name and surname of the contact person) | ||
| Telephone: 051/800-482 | |||
| E-mail address: [email protected] | |||
| Audit firm: | (name of the audit firm) | ||
| Certified auditor: |
BALANCE SHEET balance as at 31.12.2019
| Submitter: JADRAN D.D., CRIKVENICA -CONSOLIDATED | |||||
|---|---|---|---|---|---|
| Item | ADP code |
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 | 001 | 0 | 0 | ||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 825.902.428 | 970.906.759 | ||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 126.959 | 16.062.690 | ||
| 1 Research and development | 004 | 0 | 0 | ||
| 2 Concessions, patents, licences, trademarks, software and other rights |
005 | 126.959 | 62.679 | ||
| 3 Goodwill | 006 | 0 | 0 | ||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | ||
| 5 Intangible assets in preparation | 008 | 0 | 0 | ||
| 6 Other intangible assets | 009 | 0 | 16.000.011 | ||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 825.431.468 | 945.625.707 | ||
| 1 Land | 011 | 476.976.674 | 476.976.674 | ||
| 2 Buildings | 012 | 311.189.299 | 347.745.110 | ||
| 3 Plant and equipment | 013 | 31.971.348 | 74.274.652 | ||
| 4 Tools, working inventory and transportation assets | 014 | 192.281 | 299.436 | ||
| 5 Biological assets | 015 | 0 | 141.322 | ||
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 | ||
| 7 Tangible assets in preparation | 017 | 5.101.866 | 46.188.513 | ||
| 8 Other tangible assets | 018 | 0 | 0 | ||
| 9 Investment property | 019 | 0 | 0 | ||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 9.530 | 986.215 | ||
| 1 Investments in holdings (shares) of undertakings within the group |
021 | 0 | 976.685 | ||
| 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 |
024 | 9.530 | 9.530 | ||
| 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 | 0 | 0 | ||
| 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 | 0 | 0 | ||
| 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 | 0 | 0 | ||
| 4 Other receivables | 035 | 0 | 0 | ||
| V DEFERRED TAX ASSETS | 036 | 334.471 | 8.232.147 | ||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 141.748.586 | 112.978.183 | ||
| I INVENTORIES (ADP 039 to 045) | 038 | 3.541.992 | 3.450.381 | ||
| 1 Raw materials and consumables | 039 | 3.519.378 | 3.427.739 |
| 2 Work in progress | 040 | 0 | 0 |
|---|---|---|---|
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 22.614 | 22.642 |
| 5 Advances for inventories | 043 | 0 | 0 |
| 6 Fixed assets held for sale | 044 | 0 | 0 |
| 7 Biological assets | 045 | 0 | 0 |
| II RECEIVABLES (ADP 047 to 052) | 046 | 4.463.344 | 86.368.599 |
| 1 Receivables from undertakings within the group | 047 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating | 048 | 0 | 0 |
| interests | |||
| 3 Customer receivables | 049 | 1.616.792 | 7.428.279 |
| 4 Receivables from employees and members of the undertaking | 050 | 37.019 | 29.084 |
| 5 Receivables from government and other institutions | 051 | 379.905 | 648.595 |
| 6 Other receivables | 052 | 2.429.628 | 78.262.641 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0 | 0 |
| 1 Investments in holdings (shares) of undertakings within the | 054 | 0 | 0 |
| group | |||
| 2 Investments in other securities of undertakings within the group | 055 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 056 | 0 | 0 |
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests |
057 | 0 | 0 |
| 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 | 0 | 0 |
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 133.743.250 | 23.159.203 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 1.369.508 | 1.062.936 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 969.020.522 | 1.084.947.878 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES A) CAPITAL AND RESERVES (ADP 068 to |
|||
| 070+076+077+081+084+087) | 067 | 770.346.379 | 725.311.877 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 482.507.730 | 482.507.730 |
| II CAPITAL RESERVES | 069 | 234.210.922 | 288.578.762 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 0 | 0 |
| 1 Legal reserves | 071 | 0 | 0 |
| 2 Reserves for treasury shares | 072 | 0 | 0 |
| 3 Treasury shares and holdings (deductible item) | 073 | 0 | 0 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 0 | 132.019.772 |
| V FAIR VALUE RESERVES (ADP 078 to 080) | 077 | 0 | 0 |
| 1 Fair value of financial assets available for sale | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion |
080 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 082- 083) |
081 | 53.627.727 | -179.391.748 |
| 1 Retained profit | 082 | 53.627.727 | 0 |
| 2 Loss brought forward | 083 | 0 | 179.391.748 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 085-086) | 084 | 0 | 1.597.361 |
| 1 Profit for the business year | 085 | 0 | 1.597.361 |
|---|---|---|---|
| 2 Loss for the business year | 086 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 087 | 0 | 0 |
| B) PROVISIONS (ADP 089 to 094) | 088 | 482.414 | 489.419 |
| 1 Provisions for pensions, termination benefits and similar obligations |
089 | 482.414 | 489.419 |
| 2 Provisions for tax liabilities | 090 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 091 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 092 | 0 | 0 |
| 5 Provisions for warranty obligations | 093 | 0 | 0 |
| 6 Other provisions | 094 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 096 to 106) | 095 | 75.147.117 | 189.350.985 |
| 1 Liabilities to undertakings within the group | 096 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group |
097 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 098 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
099 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 100 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 101 | 74.875.663 | 171.956.525 |
| 7 Liabilities for advance payments | 102 | 0 | 0 |
| 8 Liabilities to suppliers | 103 | 0 | 0 |
| 9 Liabilities for securities | 104 | 0 | 0 |
| 10 Other long-term liabilities | 105 | 271.454 | 17.394.460 |
| 11 Deferred tax liability | 106 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 108 to 121) | 107 | 121.679.020 | 168.545.944 |
| 1 Liabilities to undertakings within the group | 108 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group |
109 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 110 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
111 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 112 | 548.861 | 6.360.833 |
| 6 Liabilities to banks and other financial institutions | 113 | 41.368.703 | 65.045.453 |
| 7 Liabilities for advance payments | 114 | 3.533.122 | 5.867.457 |
| 8 Liabilities to suppliers | 115 | 20.536.272 | 38.668.184 |
| 9 Liabilities for securities | 116 | 0 | 0 |
| 10 Liabilities to employees | 117 | 26.685.199 | 3.490.380 |
| 11 Taxes, contributions and similar liabilities | 118 | 6.194.242 | 13.633.372 |
| 12 Liabilities arising from the share in the result | 119 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 120 | 0 | 0 |
| 14 Other short-term liabilities | 121 | 22.812.621 | 35.480.265 |
| E) ACCRUALS AND DEFERRED INCOME | 122 | 1.365.592 | 1.249.653 |
| F) TOTAL – LIABILITIES (ADP 067+088+095+107+122) | 123 | 969.020.522 | 1.084.947.878 |
| G) OFF-BALANCE SHEET ITEMS | 124 | 0 | 0 |
STATEMENT OF PROFIT OR LOSS for the period 01.01.2019 to 31.12.2019
Submitter: JADRAN D.D., CRIKVENICA -CONSOLIDATED
| Item | Same period of the previous year |
Current period | |||
|---|---|---|---|---|---|
| Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 126 to 130) | 125 | 91.521.423 | 7.946.493 | 133.784.804 | 12.641.055 |
| 1 Income from sales with undertakings within the group |
126 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 127 | 86.480.407 | 6.238.487 | 117.446.950 | 6.320.704 |
| 3 Income from the use of own products, goods and services |
128 | 0 | 0 | 0 | 0 |
| 4 Other operating income with undertakings within the group |
129 | 0 | 0 | 0 | 0 |
| 5 Other operating income (outside the group) | 130 | 5.041.016 | 1.708.006 | 16.337.854 | 6.320.351 |
| II OPERATING EXPENSES (ADP 132+133+137+141+142+143+146+153) |
131 | 104.081.943 | 19.687.880 | 128.100.140 | 35.941.707 |
| 1 Changes in inventories of work in progress and finished goods |
132 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 134 to 136) | 133 | 40.111.495 | 6.475.414 | 54.716.021 | 13.645.803 |
| a) Costs of raw materials and consumables | 134 | 19.528.379 | 2.206.059 | 22.646.470 | 2.650.057 |
| b) Costs of goods sold | 135 | 230.021 | 74.311 | 4.259.957 | 1.736.795 |
| c) Other external costs | 136 | 20.353.095 | 4.195.044 | 27.809.594 | 9.258.951 |
| 3 Staff costs (ADP 138 to 140) | 137 | 33.334.219 | 8.064.855 | 43.104.542 | 10.812.743 |
| a) Net salaries and wages | 138 | 21.947.371 | 5.287.916 | 28.487.675 | 7.503.909 |
| b) Tax and contributions from salary costs | 139 | 7.127.870 | 1.756.729 | 9.385.605 | 2.121.922 |
| c) Contributions on salaries | 140 | 4.258.978 | 1.020.210 | 5.231.262 | 1.186.912 |
| 4 Depreciation | 141 | 10.745.229 | 2.673.363 | 17.349.492 | 6.505.703 |
| 5 Other costs | 142 | 6.430.590 | 1.142.346 | 9.909.498 | 2.164.468 |
| 6 Value adjustments (ADP 144+145) | 143 | 13.218.315 | 272.948 | 1.615.575 | 1.615.575 |
| a) fixed assets other than financial assets | 144 | 0 | 0 | 0 | 0 |
| b) current assets other than financial assets | 145 | 13.218.315 | 272.948 | 1.615.575 | 1.615.575 |
| 7 Provisions (ADP 147 to 152) | 146 | 0 | 1.030.039 | 1.190.873 | 1.190.873 |
| a) Provisions for pensions, termination benefits and similar obligations |
147 | 0 | 0 | 0 | 0 |
| b) Provisions for tax liabilities | 148 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 149 | 0 | 0 | 0 | 0 |
| d) Provisions for renewal of natural resources |
150 | 0 | 0 | 0 | 0 |
| e) Provisions for warranty obligations | 151 | 0 | 0 | 0 | 0 |
| f) Other provisions | 152 | 0 | 1.030.039 | 1.190.873 | 1.190.873 |
| 8 Other operating expenses | 153 | 242.095 | 28.915 | 214.139 | 6.542 |
| III FINANCIAL INCOME (ADP 155 to 164) | 154 | 1.891.549 | 214.821 | 690.587 | 162.570 |
| 1 Income from investments in holdings (shares) of undertakings within the group |
155 | 0 | 0 | 0 | 0 |
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
156 | 0 | 0 | 0 | 0 |
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
157 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the group |
158 | 0 | 0 | 10 | 7 |
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
159 | 0 | 0 | 0 | 0 | |
|---|---|---|---|---|---|---|
| 6 Income from other long-term financial investments and loans |
160 | 0 | 0 | 0 | 0 | |
| 7 Other interest income | 161 | 1.705 | 0 | 12.397 | 6.417 | |
| 8 Exchange rate differences and other financial income |
162 | 1.758.531 | 83.447 | 544.234 | 60.809 | |
| 9 Unrealised gains (income) from financial assets |
163 | 0 | 0 | 0 | 0 | |
| 10 Other financial income | 164 | 131.313 | 131.374 | 133.946 | 95.337 | |
| IV FINANCIAL EXPENSES (ADP 166 to 172) | 165 | 3.288.489 | 843.435 | 4.777.890 | 1.576.969 | |
| 1 Interest expenses and similar expenses with undertakings within the group |
166 | 0 | 0 | 0 | 0 | |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
167 | 0 | 0 | 0 | 0 | |
| 3 Interest expenses and similar expenses | 168 | 2.653.183 | 0 | 2.906.810 | 762.477 | |
| 4 Exchange rate differences and other expenses |
169 | 635.306 | 666.734 | 910.709 | 525.004 | |
| 5 Unrealised losses (expenses) from financial assets |
170 | 0 | 0 | 0 | 0 | |
| 6 Value adjustments of financial assets (net) | 171 | 0 | 0 | 0 | 0 | |
| 7 Other financial expenses | 172 | 0 | 176.701 | 960.371 | 289.488 | |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
173 | 0 | 0 | 0 | 0 | |
| VI SHARE IN PROFIT FROM JOINT VENTURES |
174 | 0 | 0 | 0 | 0 | |
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST |
175 | 0 | 0 | 0 | 0 | |
| VIII SHARE IN LOSS OF JOINT VENTURES | 176 | 0 | 0 | 0 | 0 | |
| IX TOTAL INCOME (ADP 125+154+173 + 174) | 177 | 93.412.972 | 8.161.314 | 134.475.391 | 12.803.625 | |
| X TOTAL EXPENDITURE (ADP 131+165+175 + 176) |
178 | 107.370.432 | 20.531.315 | 132.878.030 | 37.518.676 | |
| XI PRE-TAX PROFIT OR LOSS (ADP 177-178) | 179 | -13.957.460 | - 12.370.001 |
1.597.361 | - 24.715.051 |
|
| 1 Pre-tax profit (ADP 177-178) | 180 | 0 | 0 | 1.597.361 | 0 | |
| 2 Pre-tax loss (ADP 178-177) | 181 | -13.957.460 | - 12.370.001 |
0 | - 24.715.051 |
|
| XII INCOME TAX | 182 | 0 | 0 | 0 | 0 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 179-182) |
183 | -13.957.460 | - 12.370.001 |
1.597.361 | - 24.715.051 |
|
| 1 Profit for the period (ADP 179-182) | 184 | 0 | 0 | 1.597.361 | 0 | |
| 2 Loss for the period (ADP 182-179) | 185 | -13.957.460 | - 12.370.001 |
0 | - 24.715.051 |
|
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) |
||||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 187-188) |
186 | 0 | 0 | 0 | 0 | |
| 1 Pre-tax profit from discontinued operations | 187 | 0 | 0 | 0 | 0 | |
| 2 Pre-tax loss on discontinued operations | 188 | 0 | 0 | 0 | 0 | |
| XV INCOME TAX OF DISCONTINUED OPERATIONS |
189 | 0 | 0 | 0 | 0 | |
| 1 Discontinued operations profit for the period (ADP 186-189) |
190 | 0 | 0 | 0 | 0 | |
| 2 Discontinued operations loss for the period (ADP 189-186) |
191 | 0 | 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 179+186) |
192 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 192) | 193 | 0 | 0 | 0 | 0 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 Pre-tax loss (ADP 192) | 194 | 0 | 0 | 0 | 0 | |||||||
| XVII INCOME TAX (ADP 182+189) | 195 | 0 | 0 | 0 | 0 | |||||||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 192-195) |
196 | 0 | 0 | 0 | 0 | |||||||
| 1 Profit for the period (ADP 192-195) | 197 | 0 | 0 | 0 | 0 | |||||||
| 2 Loss for the period (ADP 195-192) | 198 | 0 | 0 | 0 | 0 | |||||||
| 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 200+201) |
199 | 0 | 0 | 0 | 0 | |||||||
| 1 Attributable to owners of the parent | 200 | 0 | 0 | 0 | 0 | |||||||
| 2 Attributable to minority (non-controlling) interest |
201 | 0 | 0 | 0 | 0 | |||||||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | ||||||||||||
| I PROFIT OR LOSS FOR THE PERIOD | 202 | -13.957.460 | - 12.370.001 |
1.597.361 | - 24.715.051 |
|||||||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 204 to 211) |
203 | 0 | 0 | 0 | 0 | |||||||
| 1 Exchange rate differences from translation of foreign operations |
204 | 0 | 0 | 0 | 0 | |||||||
| 2 Changes in revaluation reserves of fixed tangible and intangible assets |
205 | 0 | 0 | 0 | 0 | |||||||
| 3 Profit or loss arising from subsequent measurement of financial assets available for sale |
206 | 0 | 0 | 0 | 0 | |||||||
| 4 Profit or loss arising from effective cash flow hedging |
207 | 0 | 0 | 0 | 0 | |||||||
| 5 Profit or loss arising from effective hedge of a net investment in a foreign operation |
208 | 0 | 0 | 0 | 0 | |||||||
| 6 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
209 | 0 | 0 | 0 | 0 | |||||||
| 7 Actuarial gains/losses on the defined benefit obligation |
210 | 0 | 0 | 0 | 0 | |||||||
| 8 Other changes in equity unrelated to owners | 211 | 0 | 0 | 0 | 0 | |||||||
| III TAX ON OTHER COMPREHENSIVE INCOME FOR THE PERIOD |
212 | 0 | 0 | 0 | 0 | |||||||
| IV NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 203-212) |
213 | 0 | 0 | 0 | 0 | |||||||
| V COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 202+213) |
214 | -13.957.460 | - 12.370.001 |
1.597.361 | - 24.715.051 |
|||||||
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) |
||||||||||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 216+217) |
215 | 0 | 0 | 0 | 0 | |||||||
| 1 Attributable to owners of the parent | 216 | 0 | 0 | 0 | 0 | |||||||
| 2 Attributable to minority (non-controlling) interest |
217 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2019. to 31.12.2019.
| Submitter: JADRAN D.D., CRIKVENICA-CONSOLIDATED | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Item | ADP code |
Same period of the previous year |
Current period | |||||||
| 1 | 2 | 3 | 4 | |||||||
| Cash flow from operating activities | ||||||||||
| 1 Pre-tax profit | 001 | 49.909.217 | 1.597.361 | |||||||
| 2 Adjustments (ADP 003 to 010): | 002 | 14.762.713 | 17.344.611 | |||||||
| a) Depreciation | 003 | 10.745.229 | 17.349.492 | |||||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
004 | 195.676 | 0 | |||||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | 495.039 | 0 | |||||||
| d) Interest and dividend income | 006 | 0 | 0 | |||||||
| e) Interest expenses | 007 | 2.662.277 | 0 | |||||||
| f) Provisions | 008 | 0 | 0 | |||||||
| g) Exchange rate differences (unrealised) | 009 | 1.067.110 | 0 | |||||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses |
010 | -402.618 | -4.881 | |||||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 64.671.930 | 18.941.972 | |||||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -74.536.333 | -99.224.397 | |||||||
| a) Increase or decrease in short-term liabilities | 013 | -7.257.263 | -22.766.068 | |||||||
| b) Increase or decrease in short-term receivables | 014 | -16.321.567 | -77.504.912 | |||||||
| c) Increase or decrease in inventories | 015 | 9.197 | 91.546 | |||||||
| d) Other increase or decrease in working capital | 016 | -50.966.700 | 955.037 | |||||||
| II Cash from operations (ADP 011+012) | 017 | -9.864.403 | -80.282.425 | |||||||
| 4 Interest paid | 018 | -2.622.443 | 0 | |||||||
| 5 Income tax paid | 019 | 0 | 0 | |||||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) |
020 | -12.486.846 | -80.282.425 | |||||||
| 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 | 024 | 0 | 0 | |||||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 | |||||||
| 6 Other cash receipts from investment activities | 026 | 0 | 0 | |||||||
| III Total cash receipts from investment activities (ADP 021 to 026) |
027 | 0 | 0 | |||||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets |
028 | -6.804.564 | -154.457.144 | |||||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | |||||||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | |||||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -42.258.914 | 0 | |||||||
| 5 Other cash payments from investment activities | 032 | 0 | 0 | |||||||
| IV Total cash payments from investment activities (ADP 028 to 032) |
033 | -49.063.478 | -154.457.144 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) |
034 | -49.063.478 | -154.457.144 |
|---|---|---|---|
| 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 | 200.000.640 | 0 |
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 2.649.422 | 124.155.522 |
| 4 Other cash receipts from financing activities | 038 | 0 | 0 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 202.650.062 | 124.155.522 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -9.998.907 | 0 |
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -10.051 | 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 | -10.008.958 | 0 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) |
046 | 192.641.104 | 124.155.522 |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 0 | 0 |
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | 131.090.780 | -110.584.047 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 2.652.470 | 133.743.250 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 133.743.250 | 23.159.203 |
| STATEMENT OF CHANGES IN EQUITY for the period from o 31.12.2019 |
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1.2019 t |
Attributable to owners of the parent | in HRK | |||||||||||||||
| Item | ADP code |
Initial (subscribed) capital |
Capital reserves Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves Other reserves | Revaluation reserves |
Fair value of financial assets available for sale |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
Minority (non controlling) interest |
Total capital and reserves |
||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | effective portion 13 |
14 | 15 | 16 (3 to 6 - 7 + 8 to 15) |
17 | 18 (16+17) |
| Previous period 1 Balance on the first day of the previous business year |
01 | 491.316.690 | 25.401.322 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 3.718.511 |
0 | 520.436.523 | 0 | 520.436.523 | ||
| 2 Changes in accounting policies 3 Correction of errors |
02 03 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) |
04 | 491.316.690 | 25.401.322 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 3.718.511 |
0 | 520.436.523 | 0 | 520.436.523 | ||
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
49.909.217 | 49.909.217 | 0 | 49.909.217 | ||
| 6 Exchange rate differences from translation of foreign operations 7 Changes in revaluation reserves of fixed tangible and intangible assets |
06 07 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 8 Profit or loss arising from subsequent measurement of financial assets available for | |||||||||||||||||
| sale | 08 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 9 Profit or loss arising from effective cash flow hedge 10 Profit or loss arising from effective hedge of a net investment in a foreign operation |
09 10 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 11 Share in other comprehensive income/loss of companies linked by virtue of | |||||||||||||||||
| participating interests 12 Actuarial gains/losses on the defined benefit obligation |
11 12 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 13 Other changes in equity unrelated to owners | 13 | 200.000.640 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 200.000.640 | 0 | 200.000.640 | ||
| 14 Tax on transactions recognised directly in equity 15 Increase/decrease in initial (subscribed) capital (other than from reinvesting profit |
14 15 |
0 -208.809.600 |
0 208.809.600 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| and other than arising from the pre-bankruptcy settlement procedure) | |||||||||||||||||
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit | 16 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
17 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 18 Redemption of treasury shares/holdings 19 Payment of share in profit/dividend |
18 19 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 20 Other distribution to owners | 20 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 21 Transfer to reserves according to the annual schedule 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
21 22 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 23 Balance on the last day of the previous business year reporting period (04 to 22) |
23 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 3.718.511 |
49.909.217 | 770.346.380 | 0 | 770.346.380 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX |
|||||||||||||||||
| (ADP 06 to 14) | 24 | 200.000.640 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 200.000.640 | 0 | 200.000.640 | ||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+24) |
25 | 200.000.640 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
49.909.217 | 249.909.857 | 0 | 249.909.857 | ||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 22) |
26 | -208.809.600 | 208.809.600 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| Current period | |||||||||||||||||
| 1 Balance on the first day of the current business year 2 Changes in accounting policies |
27 28 |
482.507.730 0 |
234.210.922 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 3.718.511 0 0 |
49.909.217 0 |
770.346.380 0 |
0 0 |
770.346.380 0 |
||
| 3 Correction of errors | 29 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 4 Balance on the first day of the current business year (restated) (ADP 27 to 29) 5 Profit/loss of the period |
30 31 |
482.507.730 0 |
234.210.922 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 3.718.511 0 0 |
49.909.217 1.597.361 |
770.346.380 1.597.361 |
0 0 |
770.346.380 1.597.361 |
||
| 6 Exchange rate differences from translation of foreign operations | 32 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 33 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 8 Profit or loss arising from subsequent measurement of financial assets available for sale |
34 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 9 Profit or loss arising from effective cash flow hedge | 35 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 36 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
37 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 12 Actuarial gains/losses on the defined benefit obligation 13 Other changes in equity unrelated to owners |
38 39 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 14 Tax on transactions recognised directly in equity | 40 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 15 Increase/decrease in initial (subscribed) capital (other than from reinvesting profit and other than arising from the pre-bankruptcy settlement procedure) |
41 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 16 Increase in initial (subscribed) capital arising from the reinvestment of profit | 42 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 17 Increase in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| 18 Redemption of treasury shares/holdings 19 Payment of share in profit/dividend |
44 45 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 20 Other distribution to owners | 46 | 0 | 54.367.840 | 0 | 0 | 0 | 0 0 |
132.019.772 | 0 | 0 | 0 -179.391.748 |
-53.627.728 | -46.631.864 | 0 | -46.631.864 | ||
| 21 Transfer to reserves according to the annual schedule 22 Increase in reserves arising from the pre-bankruptcy settlement procedure |
47 48 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
||
| 23 Balance on the last day of the current business year reporting period (ADP 30 to 48) |
49 | 482.507.730 | 288.578.762 | 0 | 0 | 0 | 0 0 |
132.019.772 | 0 | 0 | 0 -175.673.237 |
-2.121.150 | 725.311.877 | 0 | 725.311.877 | ||
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 32 to 40) |
50 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | ||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 31+50) |
51 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 0 |
1.597.361 | 1.597.361 | 0 | 1.597.361 | ||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED | 52 | 0 | 54.367.840 | 0 | 0 | 0 | 0 0 |
132.019.772 | 0 | 0 | 0 -179.391.748 |
-53.627.728 | -46.631.864 | 0 | -46.631.864 | ||
| DIRECTLY IN EQUITY (ADP 41 to 48) |
NOTES TO FINANCIAL STATEMENTS - TFI
Name of the issuer: JADRAN D.D.-CONSOLIDATED Personal identification number (OIB): 56994999963
Reporting period: 01.01.-31.12.2019.
Business Data for the period 01-12 / 2019. are specified in the interim report which is an integral part of the report for the Fourth Quarter of 2019.
Pursuant to Articles 407 and 410 of the Capital Market Act (Official Gazzette 88/08, 146/08), the Management Bord of the company JADRAN d.d., according to our best knowledge, gives the following
STATEMENT BY PERSONS RESPONSIBLE FOR THE PREPARATION OF THE REPORT
Unaudited financial reports of JADRAN d.d. are prepared in accordance with International Financial Reporting Standards and the Accounting Act valid at the date of the financial reports.
Unaudited financial reports of JADRAN d.d. for the period from January 1st 2019 to December 31st 2019 provide a true and fair view of the assets and liabilities, losses and gains, financial position and operations of the Company.
Reports on business operations and true and faithful presentation of the Company's business development and results, along with a description of the most significant risks and uncertainties to which the Company is exposed.
In Crikvenica, February 25th 2020
Chairman of the Management Board Goran Fabris
Member of the Management Board Karlo Čulo
Jadran d.d. za hotelijerstvo i turizam, Bana Jelačića 16, HR-51260 Crikvenica | www.jadran-crikvenica.hr
Uprava: T: +385 (0)51 241 222 F: +385 (0)51 241 632 E: [email protected] Marketing: T: +385 (0)51 241 970 F: +385 (0)51 241 975 E: [email protected] OIB: 56994999963 Privredna banka d.d. 2340009-1110722690 IBAN: HR4323400091110722690 SWIFT: PBZGHR2X
Temeljni kapital iznosi 482.507.730,00 kn uplaćen u cijelosti podijeljen na 27.971.463 redovnih dionica bez nominalnog iznosa. Društvo je upisano u Sudski registar Trgovačkog suda u Rijeci pri Trgovačkom sudu u Rijeci pod MBS: 040000817. Predsjednik Uprave: Goran Fabris, Član Uprave: Karlo Čulo, Predsjednik Nadzornog odbora: Tomislav Kitonić