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Jadran d.d.
Management Reports • Feb 28, 2022
2094_10-q_2022-02-28_10851cb8-a26d-4a2a-af10-4179584fa9c8.pdf
Management Reports
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MANAGEMENT REPORT Q4 2021
1. GENERAL INFORMATION
Corporate name
Jadran, dioničko društvo za hotelijerstvo i turizam, Reg. No. (MBS): 040000817, VAT No.: 56994999963. The short corporate name is JADRAN d.d.
Registered office and legal form
JADRAN d.d. is a joint-stock company. It has its registered office at Bana Jelačića 16, Crikvenica, Republic of Croatia.
Securities
As of 31 December 2021, the Company's share capital was HRK 482,507,730.00, divided into 27,971,463 common shares with no nominal value. The shares were issued in dematerialized form, ticker symbol: JDRN-R-B, ISIN code: HRJDRNB0002, and are held at the repository of the Central Depositary and Clearing Company.
Management Board Members:
- Goran Fabris, Chairman of the Management Board
- Ivan Safundžić, Management Board Member
- Miroslav Pelko, Management Board Member
Supervisory Board:
- Goran Hanžek, Chairman of the Supervisory Board
- Karlo Došen, Deputy Chairman of the Supervisory Board
- Adrian Čajić, Supervisory Board Member
- Dragan Magaš, Supervisory Board Member
- Mirko Herceg, Supervisory Board Member
Jadran Group comprises Jadran d.d. and its subsidiaries:
- Club Adriatic d.o.o, in which Jadran holds 4 shares having a total value of HRK 117,104,500.00 and representing 100% of shares and voting rights – one share having a nominal value of HRK 9,900.00, one share having a nominal value of HRK 53,572,100.00, one share having a nominal value of HRK 6,418,000.00, and one share having a nominal value of HRK 57,104,500.00; and
- Stolist d.o.o., in which Jadran holds 100% of shares.
List of Company shareholders holding 5 percent or more of the Company's share capital (status as at 31 December 2021):
- ADDIKO BANK D.D./PBZ CO OMF CLASS B holds 16,248,083 shares accounting for 58.10% of the Company's share capital; and
- OTP BANK D.D./ERSTE PLAVI OMF, CLASS B, holds 8,547,346 shares accounting for 30.56% of the Company's share capital.
2. COMPANY AND GROUP BUSINESS RESULTS
In Q4 of the year that was uncertain, challenging and unpredictable vis-à-vis the business of JADRAN d.d. (hereinafter referred to as the Company) and JADRAN Group (hereinafter referred to as the Group), operations continued in strict compliance with all epidemiological measures, primarily for the purpose of protecting Company's and Group's customers and employees.
After Q3 that saw a rise in arrivals compared to the same period in 2020, the Company and the Group can be said to have achieved much better performance levels in Q4 compared to the same period in 2020, thanks to favorable COVID-19 trends in Croatia and across the world.
It should be noted both for the Company and the Group that it is because the first part of our investment cycle was completed between 2018 and 2020 that it unfortunately did not yield the expected results due to the pandemic. This is why the results recorded in 2021 are a significant growth compared to 2019, being the year of reference, which ultimately resulted in the fact that JADRAN d.d. and Club Adriatic d.o.o. did not become eligible for state aid to the extent expected.
In Q4, which surpassed even the record year 2019 in terms of physical indicators, the Company recorded a total of 33,676 overnights, which is 30,972 overnights more than recorded in 2020 or 13,278 or 65% more than recorded in 2019. When comparing the year 2021 to the record year 2019, it should be taken into account that the capacities available to the Company in 2021 were 33% larger than those available to it in 2019, which means that in 2021 JADRAN d.d. recorded 1,828 overnights or 9% less than it did in 2019 on a relative basis.
In Q4, the Group recorded a total of 34,054 overnights, which is 31,217 overnights more than recorded in the same period in 2020 and 13,326 or 64% more than recorded in the same period in 2019. Again, the Group had 24% more capacity available than it did in the same period in 2019, which means that the Group recorded 9% less overnights in 2021 compared to the same period in 2019.
Based on the physical indicators for the January-December 2021 period, the Company recorded a total of 443,364 overnights, which is 106% more than the figure recorded in the same period in 2020 or 13% more compared to 2019. Based on overnights recorded in the same facilities, in 2021 the Company recorded 98% more overnights than it did in the same period in 2020. Compared to 2019, the Company recorded 12% less overnights in the January-December 2021 period.
Between January and December of 2021, the Group recorded a total of 559,391, which is 106% more compared to the same period in 2020 and 1% less compared to the same period in 2019. Based on overnights recorded in the same facilities, the Group recorded a total od 452,412 overnights in the January-December 2021 period, which is 100% more than it did in the same period in 2020 and 19% less than recorded in the same period in 2019.
In Q4, the Company obtained total revenue of HRK 15,214,133, which is HRK 9,344,652 more than the total revenue obtained in the same period in 2020. Operating revenue was HRK 15,115,461, which is HRK 9,859,614 more compared to the same period in 2020. Financial income was HRK 98,672, which is HRK 514,962 less than earned in the same period in 2020.
Total expenses in Q4 were HRK 38,908,402, which is HRK 13,223,364 more than the expenses incurred in the same period last year. Operating expenses amounted to HRK 35,794,746, which is HRK 11,613,486 more than such expenses incurred in 2020. Financial expenses were HRK 3,113,656, which is HRK 1,609,878 more than those incurred in the same period in 2020.
In Q4, the Company incurred a loss of HRK 23,694,269, compared to the loss of HRK -19,815,557 incurred in the same period in 2020. EBITDA earned in Q4 was HRK -8,075,567, whereas EBITDA earned in the same period in 2020 was HRK -8,708,920.
Between January and December 2021, JADRAN d.d. obtained total revenue of HRK 150,704,92, which is 106% or HRK 77,540,739 more than the revenue earned in the same period in 2020, or 37% or HRK 40,770,797 more than the total revenue earned in the same period in 2019. Operating revenue was HRK 147,429,106, which is HRK 75,275,124 more than earned in the same period in 2020 and 35% or HRK 38,302,695 more than earned in the same period in 2019. Between January and December 2021, financial income was HRK 3,275,819, which is HRK 2,265,615 more than the income earned in the same period in 2020 or HRK 2,468,102 more than such income earned in the same period in 2019.
Between January and December 2021, the Company applied for and received job preservation aid for January, February, March, April and May of HRK 4,409,761, whereas the aid received by the Company in the same period in 2020 covered March, April, May, June, November and December and amounted to HRK 6,326,824. Comparing the total revenue earned between January and December of 2021 and 2020 exclusive of such aid, the total revenue earned in 2021 was HRK 144,378,101, which is HRK 75,615,676 more than earned in 2020. Comparing the total revenue obtained 2021 exclusive of aid to the total revenue earned in 2019, the revenue earned in 2021 exceeds by HRK 36,361,036 or 33% the revenue earned in the same period in 2019.
Company's total expenses in the January-December 2021 period were HRK 157,786,374, 13% less than the expenses incurred in the same period last year.
Operating expenses amounted to HRK 146,648,877, which is 14% or HRK 23,790,794 less than the operating expenses incurred in 2020. In 2021, material costs amounted to HRK 53,566,741, which is 65% or HRK 21,145,623 more than such costs incurred in 2020. Personnel costs incurred in 2021 were HRK 38,957,822, which is 32% or HRK 9,353,430 more than those incurred in the same period in 2020. Other costs incurred in 2021 amounted to HRK 8,052,420, which is 9% or HRK 697,950 more than the costs incurred in the same period in 2020. Other operating expenses totaled HRK 521,879, which is 32% or HRK 125,851 more than those incurred in the same period in 2020.
Financial expenses were HRK 11,137,497, which is 9% or HRK 929,869 more than those incurred in the same period in 2020.
Between January and December 2021, the Company incurred a loss of HRK 7,081,449, compared to the loss of HRK 107,483,113 incurred in the same period in 2020. EBITDA earned by the Company was HRK 46,330,244, compared to HRK -61,099,134 earned in the same period in 2020.
Between January and December 2021, JADRAN Group obtained total revenue of HRK 176,547,736, compared to HRK 84,018,746 and HRK 140,905,706 earned in the same periods of 2020 and 2019, respectively. It should be noted that HRK 1,612,907.40 of such revenue earned in 2021 is a result of selling properties of CLUB ADRIATIC d.o.o. in accordance with the Group's divestment plan made earlier.
Operating revenue was HRK 173,775,039, which is HRK 90,109,105 more than the revenue earned in the same period last year and HRK 33,476,743 more than earned in 2019. Financial income in 2021 was HRK 2,772,697 compared to HRK 352,812 earned in 2020 and HRK 607,410 earned in 2019.
The Group applied for and received job preservation aid intended for sectors affected by COVID-19. The aid was granted for the January-June 2021 period, totaling HRK 5,985,903. Exclusive of such aid's impact on revenue, Group's total revenue would exceed such revenue earned in 2020 by HRK 95,167,388 and be HRK 29,656,127 higher than that earned in the same period in 2019.
Group's total expenses incurred between January and December 2021 were HRK 181,481,744, which is 8% less than such expenses incurred in the same period in 2020. In the January-December 2021 period, operating expenses totaled HRK 168,628,111, which is 9% less than those incurred in the same period in 2020. Financial expenses were HRK 12,853,633, compared to HRK 11,894,298 incurred in the same period in 2020.
Between January and December 2021, the Group incurred a loss of HRK 4,934,008, compared to the loss of HRK 112,623,690 incurred in the same period in 2020.
In the January-December 2021 period, the Group earned EBITDA of HRK 58,132,693, compared to HRK - 58,879,201 earned in the same period in 2020.
3. COMPANY AND GROUP RISK EXPOSURE
The most significant risks faced by the Company and the Group are as follows:
Competition risk
Competition risk in the tourism market is very high because other similar tourism destinations have invested substantial funds in the growth and development of their capacities, as well as in marketing activities focused on tourist arrivals. Among other things, competition is based on the prices, quality and substance of tourism offerings in Crikvenica Riviera and Makarska Riviera and other domestic and foreign tourism destinations. To increase its market competitiveness, the Company and the Group launched an investment cycle in the 2018- 2020 period, which includes not only investments in accommodations to increase the number of units and improve accommodation quality, but also investments in the destination through active involvement in all events and designing new attractions in Crikvenica Riviera and Makarska Riviera.
Currency risk
The official currency of the Company and the Group is HRK however certain transactions in foreign currencies are translated into HRK according to the exchange rate applicable on the balance sheet date. The resulting foreign exchange differences are recorded as expenses or through profit and loss, but do not affect operating cash flow.
Interest rate risk
The Company and the Group are exposed to interest rate risk because they enter into loan agreements with, inter alia, variable interest rates with banks, which exposes the Company and the Group to increased risk. Rising trends of inflation rates and general levels of interest rates in international and national financial markets are actively monitored to allow the Company and the Group to respond in a timely manner in case of expected changes in interest rates on the national money market.
Settlement risk
Settlement risk is present in all bilateral transactions. Considering that the performance of monetary obligations to the issuers is one of the key elements necessary for uninterrupted business, the Company and the Group give high importance to this risk. The Company and the Group have established stringent procedures to minimize collection risks. During the pandemic, certain partners may be additionally exposed to liquidity risk, which may result in increased settlement risk. In addition, settlement risk arising from executed contracts may be significantly increased in case a contract is terminated for force majeure or if free movement of persons and goods is prevented during pandemics.
Inflation risk
Inflation risk is in particular present in contractual relationships where the price of a service or product is indexed and tied to Croatian National Bank's strong HRK policy. As this is mostly an external risk, the ability to eliminate it is minimal. The Company and the Group observe rising inflation rate trends, which they primarily measure using consumer price indices and which result from very expansive monetary policies pursued by central banks and, for the purpose of minimizing inflation risk, the Company and the Group insist on
negotiating fixed terms of supply with all suppliers where possible. Suppliers of energy are an exception – their prices are subject to market variations.
Liquidity risk
The Company and the Group manage this risk by maintaining adequate reserves and by obtaining loans from banks and using other sources of funding, by constantly monitoring planned and actual cash flows, and by comparing maturity profiles of financial assets and liabilities. The Company and the Group treat this risk as particularly important as long as there is increased uncertainty with regard to revenue earning abilities as a result of the pandemic's adverse effects on the free movement of guests, impairment of their spending powers, and default on contracts by business partners.
Having implemented our divestment plan formulated earlier by selling some properties owned by CLUB ADRIATIC d.o.o., the Group ensured the liquidity necessary to conduct its business without interruption and develop.
Liquidity risk management includes maintaining sufficient amounts of cash and working capital.
Risk of tax and concession legislation developments
The risk of tax and concession legislation developments is the likelihood that legislative authorities will amend tax legislation in a way that they adversely impact the Company's and Group's profitability. This risk is reflected in potential changes in tax rates and taxable assets, as well as in changes in regulations concerning concessions and concessional authorizations. The right to use a maritime domain is one of the significant conditions precedent to further operation of the Company and the Group, so the Company and the Group have actively endeavored to establish new bases for cooperation with the local community in this segment. The Company and the Group hope that, during the pandemic, the legislators, the executive authorities and the local community will offer various financial and operating benefits to entities exposed to significant adverse impacts of the pandemic, in addition to the measures necessary to protect people's health.
Tourism industry risk
Tourism trends are largely affected by the broader political situation, growth of terrorism, the global financial crisis and the pandemic. As an industry, tourism is highly sensitive to the state of security at the destination and its surroundings. After the risk in some rival destinations was reduced (e.g. Turkey, Greece), the competitive position of both Croatian tourism and the Company has become additionally weakened. By launching the aforementioned investment cycle, the Company and the Group will endeavor to minimize the impact of adverse market trends and the resulting risks.
The global financial crisis may significantly reduce the spending power of individuals inclined to traveling, whereas a pandemic may also significantly reduce or completely eliminate the effects of tourist arrivals at the Company's and Group's destination as a result of the inability to travel outside one's own country or fear for own health and future.
Environmental risk
Environmental risk may significantly affect the Company's and Group's performance, notably through the quality of the sea and coast where guests stay. Climate change may directly affect the length of stay in Company's and Group's accommodation facilities. This risk also includes other natural disasters.
4. EMPLOYEES
.
As of 31 December 2021, the JADRAN d.d. employed a total of 270 persons. As of 31 December 2021, Club Adriatic d.o.o. employed a total of 49 persons. As of 31 December 2021, Stolist d.o.o. had no employees. As of 31 December 2021, the Group employed 319 persons
5. RESEARCH AND DEVELOPMENT ACTIVITIES
The Company and the Group constantly monitor developments in its environment and invests in market research, identification of business opportunities, and new acquisitions. The Company and the Group direct and support its affiliate's activities.
6. COMPANY AND GROUP OWN SHARE REDEMPTION
As of 31 December 2021, the share capital of Jadran d.d. was HRK 482,507,730.00, divided into and contained in 27,971,463 common dematerialized shares with no nominal value, and the Company held 631 own shares, which accounted for 0.0023% of the Company's share capital.
As of 31 December 2021, the share capital of CLUB ADRIATIC d.o.o. was HRK 117,104,500.
As of 31 December 2021, the share capital of Stolist d.o.o. was HRK 20,000.
7. SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD
There were no events relevant to the Company or the Group after the reporting period.
8. CODE OF CORPORATE GOVERNANCE
The shares of JADRAN d.d. were listed on the official market of Zagreb Stock Exchange (ZSE) in January of 2018. Information about significant shareholders is available on a daily basis on the official website of the Central Depositary and Clearing Company (www.skdd.hr).
The Company's share capital is HRK 482,507,730.00, divided into and contained in 27,971,463 registered common dematerialized shares without nominal value, each entitling its holder to one vote. There are no holders of securities in the Company that entail special control rights or voting limitations to a specific percentage or number of votes. As of 31 December 2021, the Company held 631 own shares
In their business activities, JADRAN d.d. and the Group comply with good corporate governance practice by applying the Code of Corporate Governance adopted by the Croatian Financial Services Supervisory Agency (HANFA) and Zagreb Stock Exchange, Inc., Zagreb. This Code has been in effect as of 1 January 2020 and is published on the Stock Exchange website (www.zse.hr) and on the website of the Croatian Financial Services Supervisory Agency (www.hanfa.hr). The Company's application of the Zagreb Stock Exchange's Code is reflected in an annual questionnaire which is publicly disclosed in accordance with the applicable regulations. The answers in the Questionnaire clearly show which provisions of the Code are complied with by the Company and the Group and which are not, and the Questionnaire is publicly available on Zagreb Stock Exchange's website (www.zse.hr).
The General Meeting is convened in accordance with the Companies Act and the Company's Articles of Association. The method of proceeding, notices of the General Meeting, proposals for Resolutions and the Resolutions passed by the General Meeting are published in accordance with the Companies Act, the Capital Market Act, the Zagreb Stock Exchange Rules, and the Company's Articles of Association. Registrations for the General Meeting are time-limited - shareholders are required to register their participation within the period defined in the Companies Act.
The Company has no securities with special control rights or any voting restrictions. Each share entitles to one vote.
Pursuant to the Code of Corporate Governance of Zagreb Stock Exchange and HANFA, the Supervisory Board comprises mostly independent members who have no business, family or any other relations with the Company or its majority shareholder or a group of majority shareholders or any Management Board or Supervisory Board members of the Company or the majority shareholder. The Supervisory Board has five members, four of whom are elected and removed by the General Meeting and one representative is elected by the employees in accordance with the Labor Act. The rules for appointing and removing Management Board and Supervisory Board members are defined by the Articles of Association and the Companies Act.
There are no restrictions with regard to any executive, managing or supervisory organs or any other level based on gender, age, education, profession, or any other restrictions.
The Company's Supervisory Board operates three committees which assist the Supervisory Board by preparing decisions to be taken by the Supervisory Board and supervising their implementation. Such committees are: Audit and Rewarding Committee, the Appointments Committee, and the Corporate Governance Committee.
In 2021, the Company's Management Board managed the Company's business in accordance with the Companies Act, the Articles of Association and other internal corporate documents of the Company and fully complied with the provisions of the Code.
Each Management Board member is authorized to represent the Company jointly with another Management Board member.
The Company has established its Internal Audit Department responsible for evaluating the levels of risk management in business processes, examining the effectiveness of the internal controls system for risk management and compliance purposes, testing and analyzing the compliance of the existing business systems with the adopted policies, plans, procedures, laws and rules which may have a significant impact on business reports. It is responsible for recommending preventive measures in the field of financial reporting, compliance, operations and control for the purpose of eliminating any risks or defects which may render processes ineffective, or fraud. The Internal Audit Department informs the Management Board, the Audit and Rewarding Committee and the Supervisory Board of its activities and audit plan.
As part of its organizational model that encompasses all business operations and processes, the Company maintains developed internal control systems on all relevant levels which, inter alia, provide a true and fair view of financial statements and business reports.
Pursuant to the Capital Market Act, the Zagreb Stock Exchange Rules and other applicable regulations, JADRAN d.d. duly discloses the required inside information and any changes thereto as soon as such changes occur.
APPENDICES - FINANCIAL STATEMENTS (UNAUDITED)
| Annex 1 | ||||||
|---|---|---|---|---|---|---|
| ISSUER'S GENERAL DATA | ||||||
| Reporting period: | 1.1.2021 | to | 31.12.2021 | |||
| Year: | 2021 | |||||
| Quarter: | 4. | |||||
| Quarterly financial statements | ||||||
| Registration number (MB): | 03145662 | Issuer's home Member State code: |
HR | |||
| 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 |
270 | |||||
| KN KD Consolidated report: (KN-not consolidated/KD-consolidated) KN |
||||||
| Audited: (RN-not audited/RD-audited) RN RD RN |
||||||
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | ||||
| Yes No |
||||||
| Bookkeeping firm: | No | (Yes/No) | (name of the bookkeeping firm) | |||
| Contact person: NATALI IVANČIĆ MAJETIĆ (only name and surname of the contact person) |
||||||
| Telephone: 051/800-482 | ||||||
| E-mail address: [email protected] | ||||||
| Audit firm: | ||||||
| Certified auditor: | (name of the audit firm) | |||||
| (name and surname) |
BALANCE SHEET
balance as at 31.12.2021
| Submitter:__JADRAN d.d.___________ | |||||
|---|---|---|---|---|---|
| Item | Last day of the preceding business year |
At the reporting date of the current period |
|||
| 1 | 2 | 3 | 4 | ||
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | ||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 838.396.068 | 828.157.729 | ||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 105.149.407 | 94.243.774 | ||
| 1 Research and development | 004 | 0 | 0 | ||
| 2 Concessions, patents, licences, trademarks, software and other | 005 | 617.815 | 1.874.995 | ||
| rights | |||||
| 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 | 104.531.592 | 92.368.779 | ||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 614.665.476 | 615.332.770 | ||
| 1 Land | 011 | 241.100.535 | 239.444.323 | ||
| 2 Buildings | 012 | 245.731.257 | 245.167.395 | ||
| 3 Plant and equipment | 013 | 93.220.419 | 94.904.367 | ||
| 4 Tools, working inventory and transportation assets | 014 | 0 | 0 | ||
| 5 Biological assets | 015 | 815.134 | 1.175.583 | ||
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 | ||
| 7 Tangible assets in preparation | 017 | 2.666.455 | 3.584.650 | ||
| 8 Other tangible assets | 018 | 0 | 0 | ||
| 9 Investment property | 019 | 31.131.676 | 31.056.452 | ||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 118.581.185 | 118.581.185 | ||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 118.581.185 | 118.581.185 | ||
| 2 Investments in other securities of undertakings within the group 3 Loans, deposits, etc. to undertakings within the group |
022 | 0 | 0 | ||
| 4. Investments in holdings (shares) of companies linked by virtue of | 023 | 0 | 0 | ||
| 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 | 0 | 0 | ||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 59.087.920 | 33.585.341 | ||
| I INVENTORIES (ADP 039 to 045) | 038 | 451.721 | 804.981 | ||
| 1 Raw materials and consumables | 039 | 438.011 | 774.573 | ||
| 2 Work in progress | 040 | 0 | 0 | ||
| 3 Finished goods | 041 | 0 | 0 | ||
| 4 Merchandise | 042 | 13.710 | 30.408 | ||
| 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 | 7.345.797 | 8.102.270 | ||
| 1 Receivables from undertakings within the group | 047 | 1.288.253 | 541.422 | ||
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 | ||
| 3 Customer receivables | 049 | 413.226 | 1.570.867 | ||
| 4 Receivables from employees and members of the undertaking | 050 | 24.174 | 36.253 | ||
| 5 Receivables from government and other institutions | 051 | 4.162.721 | 3.682.240 |
| 6 Other receivables | 052 | 1.457.423 | 2.271.488 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 24.626.866 | 8.951.815 |
| 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 | 24.626.866 | 8.951.815 |
| 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 | 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 | 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 | 26.663.536 | 15.726.275 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 129.299 | 1.668.880 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 897.613.287 | 863.411.950 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 489.813.046 | 482.731.597 |
| 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 | 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 | 0 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. 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 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) |
082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085) |
083 | -119.422.493 | -226.905.606 |
| 1 Retained profit | 084 | 0 | 0 |
| 2 Loss brought forward | 085 | 119.422.493 | 226.905.606 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | -107.483.113 | -7.081.449 |
| 1 Profit for the business year | 087 | 0 | 0 |
| 2 Loss for the business year | 088 | 107.483.113 | 7.081.449 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 484.001 | 525.347 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 484.001 | 525.347 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 252.534.489 | 306.443.686 |
| 1 Liabilities to undertakings within the group 2 Liabilities for loans, deposits, etc. of undertakings within the group |
098 099 |
0 0 |
0 0 |
| 3 Liabilities to companies linked by virtue of participating interests 4 Liabilities for loans, deposits etc. of companies linked by virtue of |
100 | 0 | 0 |
| participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 143.201.974 | 215.083.930 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
|---|---|---|---|
| 10 Other long-term liabilities | 107 | 109.332.515 | 91.359.756 |
| 11 Deferred tax liability | 108 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 153.981.752 | 72.973.409 |
| 1 Liabilities to undertakings within the group | 110 | 968.864 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 593.619 | 571.119 |
| 6 Liabilities to banks and other financial institutions | 115 | 120.830.835 | 29.731.351 |
| 7 Liabilities for advance payments | 116 | 2.719.563 | 2.588.907 |
| 8 Liabilities to suppliers | 117 | 8.263.218 | 9.663.770 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 3.575.975 | 5.619.554 |
| 11 Taxes, contributions and similar liabilities | 120 | 400.641 | 1.346.470 |
| 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 | 16.629.037 | 23.452.238 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 799.999 | 737.911 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 897.613.287 | 863.411.950 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
for the period 01.01.2021. to 31.12.2021. STATEMENT OF PROFIT OR LOSS
| ADP code |
Submitter: ___JADRAN d.d.__________ Same period of the previous year |
Current period | |||
|---|---|---|---|---|---|
| Item | Cumulative | Quarter | Cumulative | Quarter | |
| 1 | 2 | 3 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 72.153.982 | 5.255.847 | 147.429.106 | 15.115.461 |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 003 | 60.003.345 | 1.680.905 | 133.702.329 | 11.847.116 |
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 |
| 4 Other operating income with undertakings within the group | 005 | 567.135 | 144.787 | 935.696 | 522.435 |
| 5 Other operating income (outside the group) | 006 | 11.583.502 | 3.430.155 | 12.791.081 | 2.745.910 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 170.439.671 | 24.181.260 | 146.648.877 | 35.794.746 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 010 to 012) | 009 | 32.421.118 | 3.800.136 | 53.566.741 | 9.046.132 |
| a) Costs of raw materials and consumables | 010 | 13.585.800 | 1.656.091 | 23.775.301 | 4.472.043 |
| b) Costs of goods sold | 011 | 145.273 | 6.853 | 192.044 | 7.185 |
| c) Other external costs | 012 | 18.690.045 | 2.137.192 | 29.599.396 | 4.566.904 |
| 3 Staff costs (ADP 014 to 016) a) Net salaries and wages |
013 | 29.604.392 | 7.621.699 | 38.957.822 | 11.968.077 |
| b) Tax and contributions from salary costs | 014 015 |
19.000.959 6.909.364 |
5.153.674 1.588.569 |
26.552.691 7.829.759 |
8.531.214 2.151.627 |
| c) Contributions on salaries | 016 | 3.694.069 | 879.456 | 4.575.372 | 1.285.236 |
| 4 Depreciation | 017 | 37.186.555 | 10.216.493 | 45.550.015 | 12.603.718 |
| 5 Other costs | 018 | 7.354.470 | 1.973.066 | 8.052.420 | 1.820.394 |
| 6 Value adjustments (ADP 020+021) | 019 | 63.477.108 | 106.378 | 0 | 0 |
| a) fixed assets other than financial assets | 020 | 59.330.540 | 0 | 0 | 0 |
| b) current assets other than financial assets | 021 | 4.146.568 | 106.378 | 0 | 0 |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 397.251 | 0 | 0 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 025 | 0 | 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 | 397.251 | 0 | 0 |
| 8 Other operating expenses | 029 | 396.028 | 66.237 | 521.879 | 356.425 |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 1.010.204 | 613.634 | 3.275.819 | 98.672 |
| 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 virtue of participating interests |
032 | 0 | 0 | 0 | 0 |
| 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 | 657.458 | 286.318 | 526.563 | 87.777 |
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 0 | 0 | 0 | 0 |
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 |
| 7 Other interest income | 037 | 19.869 | 54 | 1.235 | 21 |
| 8 Exchange rate differences and other financial income | 038 | 332.877 | 327.262 | 2.748.021 | 10.874 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 10.207.628 | 1.503.778 | 11.137.497 | 3.113.656 |
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
043 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 044 | 7.954.361 | 1.460.452 | 9.039.009 | 2.318.975 |
| 4 Exchange rate differences and other expenses | 045 | 2.253.267 | 43.326 | 2.098.488 | 794.681 |
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 |
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 |
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF | 049 | 0 | 0 | 0 | 0 |
| PARTICIPATING INTERESTS | |||||
| VI SHARE IN PROFIT FROM JOINT VENTURES VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF |
050 | 0 | 0 | 0 | 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 | 73.164.186 | 5.869.481 | 150.704.925 | 15.214.133 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 180.647.299 | 25.685.038 | 157.786.374 | 38.908.402 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 |
1 Pre-tax profit (ADP 053-054)
056 0 0 0 0
| 2 Pre-tax loss (ADP 054-053) | 057 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 | |
|---|---|---|---|---|---|---|
| XII INCOME TAX | 058 | 0 | 0 | 0 | 0 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 | |
| 1 Profit for the period (ADP 055-059) | 060 | 0 | 0 | 0 | 0 | |
| 2 Loss for the period (ADP 059-055) | 061 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 | |
| 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 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 | 0 | 0 | 0 | 0 | |
| 2 Discontinued operations loss for the period (ADP 065-062) | ||||||
| 067 | 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 055-+062) | 068 | 0 | 0 | 0 | 0 | |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 | |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 | |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 | |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 | |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 | |
| 2 Loss for the period (ADP 071-068) | 074 | 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 076+077) | 075 | 0 | 0 | 0 | 0 | |
| 1 Attributable to owners of the parent | 076 | 0 | 0 | 0 | 0 | |
| 2 Attributable to minority (non-controlling) interest | 077 | 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 | 078 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 | |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX | 079 | 0 | 0 | 0 | 0 | |
| (ADP 80+ 87) | ||||||
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 | |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 | |
| 2 Gains or losses from subsequent measurement of equity instruments | 082 | 0 | 0 | 0 | 0 | |
| at fair value through other comprehensive income | ||||||
| 3 Fair value changes of financial liabilities at fair value through statement | 083 | 0 | 0 | 0 | 0 | |
| of profit or loss, attributable to changes in their credit risk | ||||||
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 | |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 | |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 | |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 | |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 | |
| 2 Gains or losses from subsequent measurement of debt securities at | ||||||
| fair value through other comprehensive income | 089 | 0 | 0 | 0 | 0 | |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 | |
| 4 Profit or loss arising from effective hedge of a net investment in a | 091 | 0 | 0 | 0 | 0 | |
| foreign operation | ||||||
| 5 Share in other comprehensive income/loss of companies linked by | 092 | 0 | 0 | 0 | 0 | |
| virtue of participating interests | ||||||
| 6 Changes in fair value of the time value of option | 093 | 0 | 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 | -107.483.113 | -19.815.557 | -7.081.449 | -23.694.269 | |
| 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 | ||||||
| 099 | 0 | 0 | 0 | 0 | ||
| 100+101) | ||||||
| 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 01.01.2021 . to 31.12.2021.
ADP code Same period of the previous year Current period 2 3 4 001 -107.483.113 -7.081.449 002 110.092.279 55.875.786 003 37.186.555 45.550.015 004 59.627.423 0 005 4.146.568 0 006 -677.327 -527.795 007 7.954.361 9.039.009 008 -5.418 0 009 1.860.117 735.659 010 0 1.078.898 011 2.609.166 48.794.337 012 7.470.194 -17.707.877 013 -10.082.819 -20.295.103 014 17.607.726 756.473 015 -54.713 353.260 016 0 1.477.493 017 10.079.360 31.086.460 018 -7.593.259 -9.039.009 019 0 0 020 2.486.101 22.047.451 021 0 1.757.720 022 0 0 023 19.869 526.823 024 0 0 025 0 0 026 0 0 027 19.869 2.284.543 028 -59.483.542 -30.088.667 029 0 0 030 -11.350.000 -1.155.000 031 0 0 032 0 0 033 -70.833.542 -31.243.667 034 -70.813.673 -28.959.124 035 0 0 036 0 0 037 75.665.552 16.009.643 038 0 4.333.856 039 75.665.552 20.343.499 040 -1.249.745 -18.377.999 041 0 0 4 Interest paid Submitter: ________JADRAN d.d._____________________________________________________ a) Increase or decrease in short-term liabilities b) Increase or decrease in short-term receivables c) Increase or decrease in inventories h) Other adjustments for non-cash transactions and unrealised gains and losses I Cash flow increase or decrease before changes in working capital (ADP 001+002) 3 Changes in the working capital (ADP 013 to 016) Item 1 d) Interest and dividend income e) Interest expenses f) Provisions g) Exchange rate differences (unrealised) c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets Cash flow from operating activities 1 Pre-tax profit 2 Adjustments (ADP 003 to 010): a) Depreciation b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets Cash flow from investment activities d) Other increase or decrease in working capital II Cash from operations (ADP 011+012) 2 Cash payments for the acquisition of financial instruments V Total cash receipts from financing activities (ADP 035 to 038) 4 Acquisition of a subsidiary, net of cash acquired 5 Other cash payments from investment activities III Total cash receipts from investment activities (ADP 021 to 026) 1 Cash payments for the purchase of fixed tangible and intangible assets 3 Cash payments for loans and deposits for the period 5 Income tax paid A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments 2 Cash payments for dividends 1 Cash receipts from sales of fixed tangible and intangible assets 2 Cash receipts from sales of financial instruments 3 Interest received 4 Dividends received 5 Cash receipts from repayment of loans and deposits 6 Other cash receipts from investment activities IV Total cash payments from investment activities (ADP 028 to 032) B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) Cash flow from financing activities 1 Cash receipts from the increase in initial (subscribed) capital 2 Cash receipts from the issue of equity financial instruments and debt financial instruments 3 Cash receipts from credit principals, loans and other borrowings 4 Other cash receipts from financing activities
| 042 | 0 | 0 |
|---|---|---|
| 043 | 0 | 0 |
| 044 | -685.899 | -5.991.088 |
| 045 | -1.935.644 | -24.369.087 |
| 046 | 73.729.908 | -4.025.588 |
| 047 | 0 | 0 |
| 048 | 5.402.336 | -10.937.261 |
| 049 | 21.261.200 | 26.663.536 |
| 050 | 26.663.536 | 15.726.275 |
STATEMENT OF CHANGES IN EQUITY
| for the period from 1.1.2021 to |
31.12.2021 | 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 |
Attributable to owners of the parent Fair value of financial assets through other comprehensive income (available for |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
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 | sale) 11 |
12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 | 19 | 20 (18+19) |
| Previous period | + 8 to 17) | ||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -114.648.124 | -4.774.369 | 597.296.159 | 0 | 597.296.159 | |
| 2 Changes in accounting policies | 02 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -4.774.369 | 4.774.369 | 0 | 0 | 0 | ||
| 3 Correction of errors | 03 | 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 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -119.422.493 | 0 | 597.296.159 | 0 | 597.296.159 | |
| 5 Profit/loss of the period | 05 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | -107.483.113 | -107.483.113 | 0 | -107.483.113 | ||
| 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 | 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 | 0 | 0 | ||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | |||||||||||||||||||
| through other comprehensive income (available for sale) | 08 | 0 | 0 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 | 09 | 0 | 0 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 | 0 | 0 | ||
| 11 Share in other comprehensive income/loss of companies linked by virtue of | |||||||||||||||||||
| participating interests | 11 | 0 | 0 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 | 12 | 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 14 Tax on transactions recognised directly in equity |
13 14 |
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 |
0 0 |
0 0 |
||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy | |||||||||||||||||||
| settlement procedure or from the reinvestment of profit) | 15 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
16 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 19 Payments from members/shareholders | 19 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 20 Payment of share in profit/dividend | 20 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 21 Other distributions and payments to members/shareholders 22 Transfer to reserves according to the annual schedule |
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 |
0 0 |
0 0 |
||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) |
24 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -119.422.493 | -107.483.113 | 489.813.046 | 0 | 489.813.046 | |
| 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) |
25 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) |
26 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | -107.483.113 | -107.483.113 | 0 | -107.483.113 | ||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) |
27 | 0 | 0 0 |
0 | 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 |
28 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -119.422.493 | -107.483.113 | 489.813.046 | 0 | 489.813.046 | |
| 2 Changes in accounting policies | 29 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -107.483.113 | 107.483.113 | 0 | 0 | 0 | ||
| 3 Correction of errors | 30 | 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 current business year (restated) (AOP 28 to 30) | 31 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -226.905.606 | 0 | 489.813.046 | 0 | 489.813.046 | |
| 5 Profit/loss of the period | 32 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | -7.081.449 | -7.081.449 | 0 | -7.081.449 | ||
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 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 | 34 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | |||||||||||||||||||
| through other comprehensive income (available for sale) | 35 | 0 | 0 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 | 36 | 0 | 0 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 | 37 | 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 | 38 | 0 | 0 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 | 39 | 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 14 Tax on transactions recognised directly in equity |
40 41 |
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 |
0 0 |
0 0 |
||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy | 42 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| settlement procedure or from the reinvestment of profit) 16 Decrease 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 | 0 | 0 | ||
| procedure 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit |
44 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 19 Payments from members/shareholders | 46 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 20 Payment of share in profit/dividend | 47 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 21 Other distributions and payments to members/shareholders 22 Carryforward per annual plane |
48 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 49 50 |
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 |
0 0 |
0 0 |
||
| 24 Balance on the last day of the current business year reporting period (ADP 31 | 51 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -226.905.606 | -7.081.449 | 482.731.597 | 0 | 482.731.597 | |
| to 50) | |||||||||||||||||||
| 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 33 to 41) |
52 | 0 | 0 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 32 do 52) |
53 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | -7.081.449 | -7.081.449 | 0 | -7.081.449 | ||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)
Name of the issuer: ________________JADRAN d.d._______________________________________
Personal identification number (OIB): ___________56994999963_____________________________________________
Reporting period: ________________________________________01.01.-31.12.2021._____
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semi-annual reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting)
d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)
e) other comments prescribed by IAS 34 - Interim financial reporting
f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed: 1. undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
-
adopted accounting policies (only an indication of whether there has been a change from the previous period)
-
the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
-
the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
-
amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
-
average number of employees during the financial year
-
where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions 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
-
the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
-
the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
-
the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
-
the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member
-
the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13
-
the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
-
the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the undertaking
-
the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
| Annex 1 | ||
|---|---|---|
| ISSUER'S GENERAL DATA | ||
| Reporting period: | 1.1.2021 31.12.2021 to |
|
| Year: | 2021 | |
| Quarter: | 4. | |
| Quarterly financial statements | ||
| Issuer's home Member | ||
| Registration number (MB): 03145662 |
HR State code: |
|
| Entity's registration 040000817 number (MBS): |
||
| Personal identification 56994999963 number (OIB): |
74780030Q33IX8LEE969 LEI: |
|
| Institution 1285 code: |
||
| 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 319 (end of the reporting |
||
| Consolidated report: KD |
KN (KN-not consolidated/KD-consolidated) |
KD |
| Audited: RN |
(RN-not audited/RD-audited) RN |
RD |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: |
| CLUB ADRIATIC D.O.O. | BAŠKA VODA, KRALJA PETRA KREŠIMIRA IV 11 |
1634470 |
| STOLIST D.O.O. | CRIKVENICA, FRANKOPANSKA 22 | 2741865 |
| Yes | ||
| Bookkeeping firm: No |
(Yes/No) | No |
| Contact person: NATALI IVANČIĆ MAJETIĆ | (name of the bookkeeping firm) | |
| Telephone: 051/800-482 | (only name and surname of the contact person) | |
| E-mail address: [email protected] | ||
| Audit firm: | ||
| (name of the audit firm) Certified auditor: |
||
| (name and surname) |
BALANCE SHEET
balance as at 31.12.2021
| Submitter:____JADRAN d.d.- 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 | 984.487.772 | 939.712.443 |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 164.978.972 | 149.847.043 |
| 1 Research and development | 004 | 0 | 0 |
| 2 Concessions, patents, licences, trademarks, software and other | 005 | 743.198 | 1.955.686 |
| rights 3 Goodwill |
006 | 1.316.765 | 1.316.765 |
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 |
| 5 Intangible assets in preparation | 008 | 0 | 0 |
| 6 Other intangible assets | 009 | 162.919.009 | 146.574.592 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 819.499.270 | 789.855.870 |
| 1 Land | 011 | 419.704.146 | 381.535.284 |
| 2 Buildings | 012 | 264.147.495 | 264.597.754 |
| 3 Plant and equipment | 013 | 99.205.861 | 105.145.380 |
| 4 Tools, working inventory and transportation assets | 014 | 0 | 0 |
| 5 Biological assets | 015 | 951.207 | 1.307.977 |
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 |
| 7 Tangible assets in preparation | 017 | 2.666.455 | 4.884.010 |
| 8 Other tangible assets | 018 | 0 | 0 |
| 9 Investment property | 019 | 32.824.106 | 32.385.465 |
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 9.530 | 9.530 |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 |
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 |
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 |
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests |
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 | 026 | 0 | 0 |
| interests | |||
| 7 Investments in securities | 027 | 9.530 | 9.530 |
| 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 IV RECEIVABLES (ADP 032 to 035) |
030 | 0 | 0 |
| 1 Receivables from undertakings within the group | 031 032 |
0 0 |
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 | 0 | 0 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 38.361.215 | 48.552.544 |
| I INVENTORIES (ADP 039 to 045) | 038 | 620.904 | 895.796 |
| 1 Raw materials and consumables | 039 | 607.194 | 860.549 |
| 2 Work in progress | 040 | 0 | 0 |
| 3 Finished goods | 041 | 0 | 0 |
| 4 Merchandise | 042 | 13.710 | 35.247 |
| 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 | 10.099.860 | 24.398.255 |
| 1 Receivables from undertakings within the group | 047 | 0 | 0 |
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 |
| 3 Customer receivables | 049 | 1.720.177 | 15.601.584 |
| 4 Receivables from employees and members of the undertaking | 050 | 24.174 | 36.253 |
| 5 Receivables from government and other institutions | 051 | 6.854.864 | 4.275.851 |
| 6 Other receivables | 052 | 1.500.645 | 4.484.567 |
|---|---|---|---|
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0 | 0 |
| 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 | 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 | 059 | 0 | 0 |
| interests | |||
| 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 | 27.640.451 | 23.258.493 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 674.535 | 6.994.230 |
| E) TOTAL ASSETS (ADP 001+002+037+064) OFF-BALANCE SHEET ITEMS |
065 | 1.023.523.522 | 995.259.217 |
| LIABILITIES | 066 | 0 | 0 |
| A) CAPITAL AND RESERVES (ADP 068 to | |||
| I INITIAL (SUBSCRIBED) CAPITAL | 067 068 |
547.620.061 482.507.730 |
547.214.116 482.507.730 |
| 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 | 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 | 0 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income | |||
| (i.e. 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 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign | |||
| operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085) |
083 | -56.474.901 | -164.570.528 |
| 1 Retained profit | 084 | 0 | 0 |
| 2 Loss brought forward | 085 | 56.474.901 | 164.570.528 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | -112.623.690 | -4.934.008 |
| 1 Profit for the business year | 087 | 0 | 0 |
| 2 Loss for the business year | 088 | 112.623.690 | 4.934.008 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 484.001 | 525.347 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 484.001 | 525.347 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 314.881.388 | 366.748.300 |
| 1 Liabilities to undertakings within the group 2 Liabilities for loans, deposits, etc. of undertakings within the group |
098 099 |
0 0 |
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 | 101 | 0 | 0 |
| participating interests 5 Liabilities for loans, deposits etc. |
102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 143.201.974 | 215.083.930 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
|---|---|---|---|
| 10 Other long-term liabilities | 107 | 171.679.414 | 151.664.370 |
| 11 Deferred tax liability | 108 | 0 | 0 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 159.713.073 | 79.104.997 |
| 1 Liabilities to undertakings within the group | 110 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 593.619 | 589.644 |
| 6 Liabilities to banks and other financial institutions | 115 | 120.832.624 | 29.733.098 |
| 7 Liabilities for advance payments | 116 | 5.310.355 | 3.480.988 |
| 8 Liabilities to suppliers | 117 | 9.809.491 | 12.507.947 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 4.195.396 | 6.143.683 |
| 11 Taxes, contributions and similar liabilities | 120 | 1.081.515 | 1.346.502 |
| 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 | 17.890.073 | 25.303.135 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 824.999 | 1.666.457 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 1.023.523.522 | 995.259.217 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
for the period 01.01.2021. to 31.12.2021. STATEMENT OF PROFIT OR LOSS
| Submitter: ___JADRAN d.d.- CONSOLIDATED____________ | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 002 to 006) | 001 | 83.665.934 | 7.247.813 | 173.775.039 | 17.243.555 | |||||
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 | |||||
| 2 Income from sales (outside group) | 003 | 68.784.751 | 2.594.576 | 155.897.049 | 13.700.226 | |||||
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 | |||||
| 4 Other operating income with undertakings within the group | 005 | 0 | 0 | 0 | 0 | |||||
| 5 Other operating income (outside the group) | 006 | 14.881.183 | 4.653.237 | 17.877.990 | 3.543.329 | |||||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 184.748.138 | 28.664.654 | 168.628.111 | 40.009.929 | |||||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | |||||
| 2 Material costs (ADP 010 to 012) | 009 | 36.789.226 | 4.562.116 | 60.050.449 | 9.619.873 | |||||
| a) Costs of raw materials and consumables | 010 | 15.658.353 | 1.969.614 | 26.977.835 | 4.658.030 | |||||
| b) Costs of goods sold | 011 | 125.547 | 6.853 | 230.502 | 7.185 | |||||
| c) Other external costs | 012 | 21.005.326 | 2.585.649 | 32.842.112 | 4.954.658 | |||||
| 3 Staff costs (ADP 014 to 016) | 013 | 35.970.658 | 9.215.559 | 45.741.079 | 13.391.647 | |||||
| a) Net salaries and wages | 014 | 23.388.977 | 6.343.444 | 31.287.094 | 9.525.796 | |||||
| b) Tax and contributions from salary costs | 015 | 8.113.359 | 1.824.344 | 9.066.026 | 2.410.918 | |||||
| c) Contributions on salaries | 016 | 4.468.322 | 1.047.771 | 5.387.959 | 1.454.933 | |||||
| 4 Depreciation | 017 | 42.203.003 | 12.037.755 | 52.985.765 | 14.394.147 | |||||
| 5 Other costs | 018 | 8.636.100 | 2.084.671 | 9.302.423 | 2.243.501 | |||||
| 6 Value adjustments (ADP 020+021) | 019 | 60.753.123 | 198.242 | 0 | 0 | |||||
| a) fixed assets other than financial assets | 020 | 61.186.538 | 0 | 0 | 0 | |||||
| b) current assets other than financial assets | 021 | -433.415 | 198.242 | 0 | 0 | |||||
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 500.068 | 0 | 0 | |||||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 | |||||
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 | |||||
| c) Provisions for ongoing legal cases | 025 | 0 | 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 | 500.068 | 0 | 0 | |||||
| 8 Other operating expenses | 029 | 396.028 | 66.243 | 548.395 | 360.761 | |||||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 352.812 | 331.081 | 2.772.697 | 34.309 | |||||
| 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 virtue of participating interests |
032 | 0 | 0 | 0 | 0 | |||||
| 3 Income from other long-term financial investment and loans granted to | 033 | 0 | 0 | 0 | 0 | |||||
| undertakings within the group 4 Other interest income from operations with undertakings within the |
||||||||||
| group | 034 | 0 | 0 | 0 | 0 | |||||
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 0 | 0 | 0 | 0 | |||||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | |||||
| 7 Other interest income | 037 | 19.935 | 62 | 1.279 | 38 | |||||
| 8 Exchange rate differences and other financial income | 038 | 332.877 | 331.019 | 2.771.418 | 34.271 | |||||
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 | |||||
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 | |||||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 11.894.298 | 2.346.333 | 12.853.633 | 3.544.320 | |||||
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | 0 | 0 | 0 | 0 | |||||
| 2 Exchange rate differences and other expenses from operations with | ||||||||||
| undertakings within the group | 043 | 0 | 0 | 0 | 0 | |||||
| 3 Interest expenses and similar expenses | 044 | 9.640.989 | 2.300.748 | 10.755.145 | 2.749.639 | |||||
| 4 Exchange rate differences and other expenses | 045 | 2.253.309 | 45.585 | 2.098.488 | 794.681 | |||||
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 | |||||
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 | |||||
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 | |||||
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF | 049 | 0 | 0 | 0 | 0 | |||||
| PARTICIPATING INTERESTS | ||||||||||
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 | |||||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | 0 | 0 | 0 | 0 | |||||
| PARTICIPATING INTEREST | ||||||||||
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 | |||||
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 84.018.746 | 7.578.894 | 176.547.736 | 17.277.864 | |||||
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 196.642.436 | 31.010.987 | 181.481.744 | 43.554.249 | |||||
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | |||||
| 1 Pre-tax profit (ADP 053-054) | 056 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 054-053) | 057 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| XII INCOME TAX | 058 | 0 | 0 | 0 | 0 | ||||||
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | ||||||
| 1 Profit for the period (ADP 055-059) | 060 | 0 | 0 | 0 | 0 | ||||||
| 2 Loss for the period (ADP 059-055) | 061 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | ||||||
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||||||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS | 062 | 0 | 0 | 0 | 0 | ||||||
| (ADP 063-064) | |||||||||||
| 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 | 0 | 0 | 0 | 0 | ||||||
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 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 055-+062) | 068 | 0 | 0 | 0 | 0 | ||||||
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 | ||||||
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 | ||||||
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 | ||||||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 | ||||||
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 | ||||||
| 2 Loss for the period (ADP 071-068) | 074 | 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 076+077) | 075 | 0 | 0 | 0 | 0 | ||||||
| 1 Attributable to owners of the parent | 076 | 0 | 0 | 0 | 0 | ||||||
| 2 Attributable to minority (non-controlling) interest | 077 | 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 | 078 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | ||||||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) |
079 | 0 | 0 | 0 | 0 | ||||||
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 | ||||||
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 | ||||||
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income |
082 | 0 | 0 | 0 | 0 | ||||||
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 | ||||||
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 | ||||||
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 | ||||||
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 | ||||||
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 | ||||||
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 | ||||||
| 2 Gains or losses from subsequent measurement of debt securities at | 089 | 0 | 0 | 0 | 0 | ||||||
| fair value through other comprehensive income | |||||||||||
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 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 | 0 | 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- | 097 | 0 | 0 | 0 | 0 | ||||||
| 086 - 096) VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP |
098 | -112.623.690 | -23.432.093 | -4.934.008 | -26.276.385 | ||||||
| 078+097) 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 | 099 | 0 | 0 | 0 | 0 | ||||||
| 100+101) | |||||||||||
| 1 Attributable to owners of the parent | 100 | ||||||||||
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2021. to 31.12.2021.
ADP code Same period of the previous year Current period 2 3 4 001 -112.623.690 -4.934.008 002 114.718.020 54.362.772 003 42.203.003 52.985.765 004 61.493.378 0 005 -433.415 0 006 -19.935 -1.274 007 9.640.989 10.749.304 008 -5.418 0 009 1.839.418 773.506 010 0 -10.144.529 011 2.094.330 49.428.764 012 32.851.780 -11.600.320 013 -31.428.959 -20.695.370 014 64.359.100 14.298.395 015 -78.361 274.892 016 0 -5.478.237 017 34.946.110 37.828.444 018 -9.150.266 -10.749.304 019 0 0 020 25.795.844 27.079.140 021 157.500 28.118.149 022 0 0 023 19.935 0 024 0 0 025 0 0 026 0 0 027 177.435 28.118.149 028 -66.248.764 -41.009.016 029 0 0 030 0 0 031 0 0 032 0 0 033 -66.248.764 -41.009.016 034 -66.071.329 -12.890.867 035 0 0 036 0 0 037 75.665.552 0 038 0 5.798.856 039 75.665.552 5.798.856 4 Interest paid Submitter: ____JADRAN d.d.-CONSOLIDATED_________________________________________________________ a) Increase or decrease in short-term liabilities b) Increase or decrease in short-term receivables c) Increase or decrease in inventories h) Other adjustments for non-cash transactions and unrealised gains and losses I Cash flow increase or decrease before changes in working capital (ADP 001+002) 3 Changes in the working capital (ADP 013 to 016) Item 1 d) Interest and dividend income e) Interest expenses f) Provisions g) Exchange rate differences (unrealised) c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets Cash flow from operating activities 1 Pre-tax profit 2 Adjustments (ADP 003 to 010): a) Depreciation b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets Cash flow from investment activities d) Other increase or decrease in working capital II Cash from operations (ADP 011+012) 2 Cash payments for the acquisition of financial instruments V Total cash receipts from financing activities (ADP 035 to 038) 4 Acquisition of a subsidiary, net of cash acquired 5 Other cash payments from investment activities III Total cash receipts from investment activities (ADP 021 to 026) 1 Cash payments for the purchase of fixed tangible and intangible assets 3 Cash payments for loans and deposits for the period 5 Income tax paid A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) 1 Cash receipts from sales of fixed tangible and intangible assets 2 Cash receipts from sales of financial instruments 3 Interest received 4 Dividends received 5 Cash receipts from repayment of loans and deposits 6 Other cash receipts from investment activities IV Total cash payments from investment activities (ADP 028 to 032) B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) Cash flow from financing activities 1 Cash receipts from the increase in initial (subscribed) capital 2 Cash receipts from the issue of equity financial instruments and debt financial instruments 3 Cash receipts from credit principals, loans and other borrowings 4 Other cash receipts from financing activities
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -30.320.706 | -18.377.999 |
|---|---|---|---|
| 2 Cash payments for dividends | 041 | 0 | 0 |
| 3 Cash payments for finance lease | 042 | -685.899 | 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 | -5.991.088 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -31.006.605 | -24.369.087 |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 44.658.947 | -18.570.231 |
| 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 | 4.383.462 | -4.381.958 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 23.256.989 | 27.640.451 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 27.640.451 | 23.258.493 |
STATEMENT OF CHANGES IN EQUITY
| for the period from 1.1.2021 to |
31.12.2021 | 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 |
Attributable to owners of the parent Fair value of financial assets through other comprehensive |
Cash flow hedge - effective portion |
Hedge of a net investment in a foreign operation - |
Other fair value reserves |
Exchange rate differences from translation of foreign |
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 |
|
| income (available for sale) |
effective portion | operations | |||||||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) |
19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year 2 Changes in accounting policies |
01 02 |
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 0 |
0 0 |
0 0 |
-56.474.901 0 |
0 0 |
660.243.751 0 |
0 0 |
660.243.751 0 |
||
| 3 Correction of errors | 03 | 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 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | -56.474.901 | 0 | 660.243.751 | 0 | 660.243.751 | ||
| 5 Profit/loss of the period | 05 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | -112.623.690 | -112.623.690 | 0 | -112.623.690 | |||
| 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 | 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 | 0 | 0 | |||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | |||||||||||||||||||
| through other comprehensive income (available for sale) | 08 | 0 | 0 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 | 09 | 0 | 0 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 | 0 | 0 | |||
| 11 Share in other comprehensive income/loss of companies linked by virtue of | |||||||||||||||||||
| participating interests | 11 | 0 | 0 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 | 12 | 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 14 Tax on transactions recognised directly in equity |
13 14 |
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 |
0 0 |
0 0 |
|||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy | |||||||||||||||||||
| settlement procedure or from the reinvestment of profit) | 15 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
16 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 19 Payments from members/shareholders | 19 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
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 |
0 0 |
0 0 |
|||
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) |
24 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | -56.474.901 | -112.623.690 | 547.620.061 | 0 | 547.620.061 | ||
| 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) |
25 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) |
26 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | -112.623.690 | -112.623.690 | 0 | -112.623.690 | |||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) |
27 | 0 | 0 0 |
0 | 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 |
28 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | -169.098.591 | 0 | 547.620.061 | 0 | 547.620.061 | ||
| 3 Correction of errors | 29 30 |
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 4.528.063 |
0 0 |
0 4.528.063 |
0 0 |
0 4.528.063 |
|||
| 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) | 31 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | -164.570.528 | 0 | 552.148.124 | 0 | 552.148.124 | ||
| 5 Profit/loss of the period | 32 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | -4.934.008 | -4.934.008 | 0 | -4.934.008 | |||
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 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 | 34 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 8 Gains or losses from subsequent measurement of financial assets at fair value | |||||||||||||||||||
| through other comprehensive income (available for sale) | 35 | 0 | 0 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 | 36 | 0 | 0 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 | 37 | 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 | 38 | 0 | 0 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 |
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 |
0 0 |
0 0 |
|||
| 14 Tax on transactions recognised directly in equity | 41 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
42 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 16 Decrease 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 | 0 | 0 | |||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 19 Payments from members/shareholders | 46 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 20 Payment of share in profit/dividend 21 Other distributions and payments to members/shareholders |
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 |
0 0 |
0 0 |
|||
| 22 Carryforward per annual plane | 49 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) |
51 | 482.507.730 | 234.210.922 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | -164.570.528 | -4.934.008 | 547.214.116 | 0 | 547.214.116 | ||
| 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 | 52 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| TAX (ADP 33 to 41) II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 |
|||||||||||||||||||
| do 52) III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED |
53 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | -4.934.008 | -4.934.008 | 0 | -4.934.008 | |||
| DIRECTLY IN EQUITY (ADP 42 to 50) | 54 | 0 | 0 0 |
0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)
Name of the issuer: ________________JADRAN D.D.-CONSOLIDATED_______________________________________
Personal identification number (OIB): ___________56994999963_____________________________________________
Reporting period: ________________________________________01.01.2021.-31.12.2021._____
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semi-annual reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting)
d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 - Interim financial reporting)
e) other comments prescribed by IAS 34 - Interim financial reporting
f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed: 1. undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
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adopted accounting policies (only an indication of whether there has been a change from the previous period)
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the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
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the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
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amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
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average number of employees during the financial year
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where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
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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
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the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
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the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
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the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
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the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
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the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member
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the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13
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the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
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the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the undertaking
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the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
.ladmrr d.d. zc lrotelijer''1r,r i turizartr Bana Jeladi6a 16" HI{-5 1260 Crikvenica T. +385 5t 241 222 J: : uprar, a@j adrar -clill'enica.hr 1111'11'.j adLan -crikl'eni ca.lrr' OiB: 5699'1999963
Pursuant to Articles of the Capital Market Act the Management Bord, 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. and the Group are prepared in accordance with lnternational Financial Reporting Standards and the Accounting Act valid at the date of the financial reports.
Unaudited financial reports of JADRAN d.d. and the Group for the period from January 1st 2021 to December 31"s1 2021, provide a true and fair view of the assets and liabilities, losses and gains, financial position and operations of the Company and the Group.
Reports on business operations and true and faithful presentation of the Company's and Group's business development and results, along with a description of the most significant risks and uncertainties to which the Company and the Group are exposed.
Crikvenica, 25 February 2022
Chairma n of the
Member of the Management Board
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ber of the Management Board fVf "rn
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Miroslav Pelko
Predsjednik lJprave: Goran Fabris. dlanovi Uprave: Ir,an SafindZii i Nliroslav Pelko. predsjednik Nadzomog odbora: Goran HanZek. Posloure banke i raduni: PRI\IREDNA BANKA ZAGREB d,d,. ]BAN: HR4323400091110722690. S\A1IFT: PBZCHR2X tC ERSTE & STEIER]\IARK]SCI.JE BAh'K CI,d,. IBAN: HR3924020061 100620496. S\'IFT: ESBCHR22.