SAF Tehnika

Profit/Loss Statement for 9 months period	31.03.2015	31.03.2014
	EUR	EUR
Net sales	9 597 467	8 565 412
Other operating income	198 633	17 577
Total income	9 796 100	8 582 989

Direct cost of goods sold or services rendered	-4 801 441	-4 798 487
Marketing, advertising and public relations
expenses	-358 388	-371 619
Bad receivables	312 492	45 213
Operating expenses	-799 937	-909 010
Salaries and social expenses	-2 543 575	-2 411 464
Bonuses and social expenses	-236 760	-104 460
Depreciation expense	-279 529	-316 416
Other expenses	-384 356	-132 601
Operating expenses	-9 091 494	-8 998 844

EBIT	704 606	-415 855

Financial income (except ForEx rate difference)	2 802	19 271
Financial costs (except ForEx rate difference)	-32	0
Foreign exchange +gain/(loss)	427 226	-168 651
Financial items	429 996	-149 380

Share of profit/(loss) of equity-accounted
investees	-971	-15 243

EBT	1 133 631	-580 478

Corporate income tax	-201 693	0

Profit after taxes	931 938	-580 478

Net profit/(loss)	931 938	-580 478

Consolidated statement of Financial position
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	31.03.2015	31.03.2014
CURRENT ASSETS	EUR	EUR
Cash and bank	5 826 690	3 545 001
Customer receivables
Accounts receivable	1 132 476	1 824 464
Due from joint venture	0	45 063
Allowance for uncollectible receivables	-62 802	-461 377
Total	1 069 674	1 408 150
Other receivables
Other current receivables	114 889	164
Short-term loans	0	200 000
Total	114 889	200 164
Prepaid expenses
Prepaid taxes	26 815	80 657
Other prepaid expenses	66 543	109 757
Total	93 358	190 414
Inventories
Raw materials	1 358 372	1 205 387
Work-in-progress	2 019 975	1 867 642
Finished goods	1 266 963	1 878 439
Prepayments to suppliers	32 020	26 739
Total	4 677 330	4 978 207
TOTAL CURRENT ASSETS	11 781 941	10 321 936
NON-CURRENT ASSETS
Long-term financial assets
Equity-accounted investments	1 767	26 725
Investments in other companies	1 188	1 188
Long-term receivables	23 615	0
Deffered income tax	98 683	123 194
Total	125 253	151 107
NON-CURRENT physical assets
Plant and equipment	3 485 346	3 246 537
Other equipment and fixtures	1 865 013	1 878 410
Accumulated depreciation	-4 716 182	-4 558 524
Other long-term assets	12 555	324
Total	646 732	566 747
Intagible assets
Purchased licenses, trademarks etc.	201 946	223 349
Other long-term intagible assets	0	8 024
Total	201 946	231 373
TOTAL NON-CURRENT ASSETS	973 931	949 227
TOTAL ASSETS	12 755 872	11 271 163

LIABILITIES AND OWNERS' EQUITY	31.03.2015	31.03.2014
CURRENT LIABILITIES	EUR	EUR
Debt obligations
Short-term loans from financial institutons	9 400	14 919
Customer prepayments for goods and services	121 984	328 758
Accounts payable	629 672	797 813
Tax liabilities	291 322	111 301
Salary-related accrued expenses	515 283	355 596
Provisions for guarantees	66 297	36 603
Prepaid revenue	84 995	1 395
TOTAL CURRENT LIABILITIES	1 718 953	1 646 385
OWNERS' EQUITY
Share capital	4 158 252	4 226 185
Paid in capital over par	2 851 725	2 851 725
Other reserves	8 530	0
Retained earnings	3 133 841	3 125 600
Net profit for the financial year	931 938	-580 478
TOTAL OWNERS' EQUITY	11 036 919	9 624 778
TOTAL LIABILITIES AND OWNERS' EQUITY	12 755 872	11 271 163

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