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Span d.d.
Annual Report • Feb 28, 2022
2101_10-q_2022-02-28_837bd7fe-73f7-4c63-a25e-ccdb285b5c4d.pdf
Annual Report
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Unaudited Financial Statements of Span Group and Span d.d.
JANUARY – DECEMBER 2021
Content
| 1. | Management Interim R eport – Management Report |
3 |
|---|---|---|
| 1.1. | Statement by Marijan Pongrac, Member of the Board, | |
| Director for Technology | 4 | |
| 1.2. | Awards and recognition of excellence | 5 |
| 1.6. | HR initiatives | 6 |
| 2. | Financial indicators for 2021 |
9 |
| 2.1. | Operating revenue, EBITDA , and net profit of Span Group |
10 |
| 2.2. | Operating revenue, EBITDA , and net profit of Span d.d. |
10 |
| 2.3. | Key features of the period – 2021 | 11 |
| 2.4. | Revenues by segments | 13 |
| 2.5. | Revenues by geography | 14 |
| 2.6. | Balance Sheet | 15 |
| 2.7. | Cash flow | 18 |
| 3. | Financial statements of Span Group and Span d.d. |
19 |
| 4. | Notes | 32 |
| 4.1. | Notes accompanying financial statements - TFI | 32 |
| 5. | Statement on responsibility for compiling on |
|
| a report in the observed period |
33 |
2
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY – DECEMBER 2021
1.
Management Interim Report – Management Report
1.1 Statement by Marijan Pongrac, Member of the Board, Director for Technology
Readiness for change is the key precondition for growth. One should constantly listen to the market, recognize its requirements on time and readily meet them. Owing to such an approach and its wish to access the international market, Span has grown from 19 employees it had when I joined the company, to almost 600 employees now, 20 years later.
Becoming and staying relevant in the IT world on an international level is quite demanding, therefore I am proud that today, Span is a serious partner to international companies worldwide. We boast close cooperation with some of the largest global corporations, which helps us recognize new needs and create new trends. The fact that we are able to work with technologically really advanced companies, enables us to be continuously at the source of new ideas and solutions.
One of the basic topics imposed on the area of IT today is Cyber Security. The amount of cyber-attacks worldwide doubled in 2021 compared to 2020, so those who are just starting to develop Cyber Security in their companies are seriously lagging behind. Currently, identities and access control are the
constituents of cyber solutions, so protecting a system against cyber-attacks requires more than just installing antivirus software and firewalls, or blocking one's access.
We started operating in Cloud as back as in 2006 through Microsoft hosted services in our own Cloud, only to become one of the first companies in the world to work on migrations to Microsoft Online BPOS solutions (a harbinger of Microsoft Office 365) with Microsoft. Span has been working on the implementation of Cloud services for years. They have become so developed, that today nobody is even considering new services in datacentres. We can say that Hybrid Cloud and Cloud Only have become a certain standard.
When you work with large international companies, you recognize that they change continuously, acquire other companies, or sell some of those they have in their portfolio. They need IT support for all those processes and enabling mergers, takeovers and separation of companies in the IT segment is one of Span's specialties.
In the last quarter of 2021, we were focused on the preparation of the organization for the incoming changes, therefore we created new departments - Identity, Access and Cyber Security, and Cloud Infrastructure for the strategic segments of our operation. The aim is to ensure preconditions for our further development and respond to further requirements of our users in as successful manner as possible.
―――――― ―――――― ―――――― ――――――
Marijan Pongrac Member of the Board of Span d.d., Director for Technology
1.2 Awards and recognition of excellence
Our successful IPO, closed with HRK 100 million of collected funds and the ownership structure with more than 1,000 new shareholders, among them our employees as well, resulted in the Award for the Contribution to the Capital Market Development by the Zagreb Stock Exchange last year. The explanation of the Award Committee states that Span, or the Company Management, approached the whole IPO process proactively and their intention to include employees and small shareholders as much as possible, had been clear since the very beginning. An exceptional effort was exerted in the whole preparation and promotion, and advantages of the listing and a wish for a high level of transparency were clearly communicated. All that resulted in successful IPO and showed that the interest of investors follows a well-told investment story.
Recognition of excellence also arrived in form of another Microsoft advanced specialization – SAP on Microsoft Azure platform, which we accomplished based on our advanced knowledge, comprehensive experience and tested success in the implementation of SAP solutions on the Azure Cloud environment. This is the ninth advanced specialization, ranking us amongst rare Microsoft partners worldwide with such a large number of highly specialized competencies. The importance of the newly achieved specialization is also confirmed at Microsoft, where they emphasize that Span clearly showed all the required skills and experience in this very segment so as to offer its clients a comprehensive and professional SAP service in Cloud.
It should be noted that this year, we have also been announced the Microsoft Partner of the Year in Croatia, and we are also the holders of all 18 Microsoft's competencies – 16 golden and two silver ones.
In the last quarter, our Human Resources Department also received a recognition of the quality of operation. We were awarded Excellence in Employee Experience by HR Cloud, a US software company developing tools in the area of human resources.
Span is constantly committed to improving employee experience, which we measure through surveys in the organization, organizational climate, regular performance evaluations, individual meetings with the Manager and HR Representative and continuous improvement of the onboarding and offboarding processes.
Although we received this award at the end of 2021, it recognized our consistent care for employees, which was additionally intensified at the start of 2020, in the full swing of the pandemic, when it was most required. Together with the engagement and support provided by the Management, HR took additional steps to meet the needs of our employees and maintain the quality of their experience. We started with the establishment of a special Crisis Team in charge of decision-making and communication related to COVID measures. In conjunction with the members of the Board and Management, we communicated live with the employees on a weekly basis through Span TV, our internal communication channel. Furthermore, during that time, everybody was offered free psychological counselling. Results of internal surveys showed that in all segments of our response to the COVID crisis, the employee satisfaction was above 90 percent, and the pace of the implementation of those activities has been kept.
1.3 HR initiatives
People and their knowledge are Span's greatest asset. In addition to a continuing investment in the development of their technical skills, we also wanted to initiate a process
of their development in the managerial direction. Put otherwise, our goal is to continuously develop new generations of Span leaders "in house", in addition to technical experts.
Having this in mind, in the autumn of 2021, we launched the education of the first generation within the internal program of the Span Management Academy. This structured educational and development program is intended for employees who show high levels of knowledge, motivation and engagement in their work and want to continue to develop career within the organization, out of their current area of expertise. Those are employees in whom we recognize the potential to take a higher level of responsibility for managing projects, processes, users and teams.
During nine months as the Span Management Academy program takes place, participants would adopt knowledge and acquired business and people skills through lectures and workshops. Each participant has its own mentor, an experienced member of the Span Management, who by using own experience, counselling and support, helps a participant to apply the acquired knowledge. The first reactions to the Academy are extremely encouraging.
Span employees who take part in the program are additionally motivated as they are provided with new business opportunities, while the company gets an opportunity to fill the current and future key positions faster and better.
When it comes to the segment of Corporate Social Responsibilty, an emphasis needs to be placed on Span's donation to the Mali Lošinj Educational Home.
Lošinj Home is unique among centres in Croatia which carry out re-socialization and socialization of youth with behavioral disorders. Its educational groups are divided in small units within the town itself.
Our wish is to achieve a long-term cooperation with the town, including the education of proteges and corporate volunteering, precisely because Lošinj Home is an extremely considerate and enthusiastic organization that wants to encourage changes in the society, just like Span.
The donated funds will be directed to furnishing the living rooms within five houses in Lošinj and their subsidiary on Cres where the proteges currently live in bad conditions. Bicycles will be procured for easier movement through the islands, and sports equipment and other contents that will make the stay of the proteges in the centre more pleasant and happier, will also be provided.
We always rejoice when we can connect care for our employees and projects intended for the improvement of the quality of life in the workplace to charity actions. Our pre-Christmas Foos Fighters tournament was such a project. This is a charity table football tournament for Span employees, in which five kunas were donated to Mali zmaj charity organization for each score. As many as 56 teams joined the tournament and in a couple of weeks of the Foos Fighters competition, we managed to collect valuable funds for food and hygienic supplies, intended for families with low income.
We ended the year with the second Span Heroes award. It is an award intended for employees who really live and breathe the organizational culture of Span and inspire others with their performance, enthusiasm and engagement. Those are colleagues who are the true ambassadors of Span key values, which are also the main categories of this award: Knowledge, Excellence, Responsibility and Trust. Nominations for the main categories are proposed by sector directors in cooperation with HR.
An additional category, Employees Hero, unites the votes of employees who can vote anonymously for colleagues who they think have moved a step higher. Span Heroes covers all offices of Span, with the winners being announced through live broadcast organized for the whole company. This gives the event a special festive feeling given that we have been prevented from celebrating holidays together in the past two years due to the pandemic.
2. Financial indicators for 2021
2.1. Operating revenue, EBITDA and net profit of Span Group
2.2. Operating revenue, EBITDA and net profit of Span d.d.
2.3. Key features of the period – 2021
Table 1: Profit and loss account - shortened
| Span Group | |||||||
|---|---|---|---|---|---|---|---|
| In thousands of HRK | 2020 | 2021 | ∆% | Q4 2020 | Q4 2021 | ∆% | |
| Total revenue | 613.757 | 774.123 | 26% | 181.643 | 186.676 | 3% | |
| Operating revenue | 610.022 | 767.273 | 26% | 180.325 | 181.976 | 1% | |
| Other revenue | 3.735 | 6.851 | 83% | 1.319 | 4.700 | 256% | |
| Total costs | 582.269 | 731.597 | 26% | 167.240 | 171.525 | 3% | |
| Costs of goods and services sold | 427.591 | 546.418 | 28% | 122.662 | 117.544 | -4% | |
| Personnel expenses | 118.912 | 138.584 | 17% | 32.732 | 42.603 | 30% | |
| Other business expenses | 35.766 | 46.595 | 30% | 11.846 | 11.378 | -4% | |
| EBITDA before one-off items | 31.488 | 48.575 | 54% | 14.403 | 15.677 | 9% | |
| One-off items | - | 6.048 | - | - | 526 | - | |
| EBITDA after one-off items | 31.488 | 42.526 | 35% | 14.403 | 15.151 | 5% | |
| Depreciation | 14.196 | 15.594 | 10% | 3.580 | 4.916 | 37% | |
| EBIT | 17.292 | 26.933 | 56% | 10.824 | 10.236 | -5% | |
| Net financial result | (7.118) | 1.006 | 114% | (4.755) | 151 | 103% | |
| Profit/loss before taxation before one-off items |
10.174 | 33.987 | 234% | 6.068 | 10.913 | 80% | |
| Profit/loss before taxation after one-off items |
10.174 | 27.938 | 175% | 6.068 | 10.387 | 71% | |
| Corporate tax | 2.722 | 3.947 | 45% | 2.407 | 1.446 | -40% | |
| Profit/loss after taxation before one-off items |
7.452 | 30.040 | 303% | 3.662 | 9.467 | 159% | |
| Profit/loss after taxation after one-off items |
7.452 | 23.991 | 222% | 3.662 | 8.941 | 144% |
| Span d.d. | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 2020 | 2021 | ∆% | Q4 2020 | Q4 2021 | ∆% | ||
| Total revenue | 415.356 | 544.932 | 31% | 131.093 | 136.864 | 4% | ||
| Operating revenue | 412.611 | 542.238 | 31% | 129.931 | 135.950 | 5% | ||
| Other revenue | 2.745 | 2.694 | -2% | 1.162 | 914 | -21% | ||
| Total costs | 388.224 | 509.390 | 31% | 119.404 | 124.061 | 4% | ||
| Costs of goods and services sold | 271.194 | 362.725 | 34% | 85.857 | 79.905 | -7% | ||
| Personnel expenses | 91.649 | 110.055 | 20% | 24.631 | 33.492 | 36% | ||
| Other business expenses | 25.380 | 36.610 | 44% | 8.916 | 10.664 | 20% | ||
| EBITDA before one-off items | 27.132 | 41.343 | 52% | 11.689 | 13.083 | 12% | ||
| One-off items | - | 5.801 | - | - | 279 | - | ||
| EBITDA after one-off items | 27.132 | 35.542 | 31% | 11.689 | 12.804 | 10% | ||
| Depreciation | 12.706 | 13.029 | 3% | 3.213 | 3.196 | -1% | ||
| EBIT | 14.426 | 22.513 | 56% | 8.475 | 9.608 | 13% | ||
| Net financial result | (6.315) | (92) | 99% | (5.098) | 566 | 111% | ||
| Profit/loss before taxation before one-off items |
8.111 | 28.222 | 248% | 3.378 | 10.453 | 209% | ||
| Profit/loss before taxation after one-off items |
8.111 | 22.421 | 176% | 3.378 | 10.174 | 201% | ||
| Corporate tax | 1.616 | 3.103 | 92% | 1.616 | 1.220 | -24% | ||
| Profit/loss after taxation before one-off items |
6.496 | 25.120 | 287% | 1.762 | 9.233 | 424% | ||
| Profit/loss after taxation after one-off items |
6.496 | 19.318 | 197% | 1.762 | 8.954 | 408% |
REVENUES
Total revenues of Span Group increased in 2021 by HRK 160,366 thousand, or 26% compared to 2020. The revenue increase stemmed from the increase of the operating revenues of Span Group in all business segments. The highest absolute rise is recorded in revenues from Software Asset Management and Licensing. The period also recorded an increase of revenues in all segments of IT services with high added value, and the highest relative growth was generated in the area of professional services related to the infrastructure services, Cloud and security solutions. A revenue share of Span Group in foreign markets accounted for 74% of the overall revenues.
Span d.d. recorded a growth in revenues in 2021 by HRK 129,576 thousand compared to the same period of the prior year, or 31%.
OPERATING EXPENSES
The expenses for goods and services sold, relate to direct costs, and they increased compared to the same period of the prior year due to the increase of related revenues.
▪Personnel expenses of the Group increased by HRK 19,672 thousand, or 17% in 2021. The average number of employees in the Group in 2021 was 537 as opposed to the prior year when the average number of employees in the Group was 495.
Personnel expenses of Span d.d. in the observed period of 2021 increased by HRK 18,406 thousand, or 20%. The average number of employees in the company in the observed period of 2021 was 436 as opposed to the prior year when the average number of employees in the company was 395. The majority of new employees are employed in the segments with high added value, that is in IT services in the business segments: Software Asset Management, Infrastructure Services (Cloud & Cyber Security), Service Center Management and Technical Support, as well as Software and Business Solutions Development.
Other operating expenses for Span Group increased by HRK 10,830 thousand, or 30%. The increase arose from Span d.d. (HRK 11,230 thousand) and is mostly related to expenses connected to the listing of Span d.d. on the Zagreb Stock Exchange (this includes one-off items and other expenses related to the process of our listing on the stock exchange), along with expenses influenced by the increase of the number of employees.
EBITDA
EBITDA of Span Group before one-off items increased by HRK 17,086 thousand, or 54%, to HRK 48,575 thousand in the observed period.
In the same observed period, Span d.d. recorded an increase of EBITDA before one-off items in the amount of HRK 14,211 thousand, or 52%, to HRK 41,343 thousand.
One-off items include expenses incurred by Span d.d. for the listing on the Zagreb Stock Exchange regulated market and relate to all operating costs necessary for its realisation. The one-off items of the Group additionally include value adjustments (HRK 250 thousand) of a member of Span Group.
EBITDA of the Group after one-off items in the observed period increased by HRK 11,038 thousand, to HRK 42,526 thousand in 2021, a growth of 35% compared to prior year.
In the same observed period, Span d.d. recorded an increase of EBITDA after one-off items by HRK 8,410 thousand in 2020, to HRK 35,542 thousand in 2021, an increase of 31%.
The EBITDA increase follows the increase of revenues and is generated from two sources: (1) growth of the total revenue where majority consists of the Software Asset Management and Licensing segment and (2) growth of the revenue from IT services with high added value, primarily in the Infrastructure Services, Cloud & Cyber Security, and Software and Business Solution Development.
PROFIT AFTER TAX
Net profit after one-off items of Span Group increased by HRK 16,539 thousand, or 222%, to HRK 23,991 thousand. Span d.d. increased its profit by HRK 12,823 thousand (197%) to HRK 19,318 thousand.
The increase of net profit is a result of the increase of EBITDA and the better net financial result, as a result of a lower exposure to currency risks, as well as the introduction of a financial asset management strategy a Company implemented in 2021.
2.4. Revenues by segments
Span Group generates revenues in the following segments:
-
- Software Asset Management and Licensing
-
- Infrastructure Services, Cloud & Cyber Security
-
- Service Center Management and Technical Support
-
- Software and Business Solution Development
In all stated segments, the Group and the company recorded a growth in relation to the observed period of the prior year.
Data on revenues from sales by segments of the Group and Span d.d. is presented below in parallel for 2020 and 2021.
Table 2: Revenues by segments
| Span Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 2020 | 2021 | ∆% | Q4 2020 | Q4 2021 | ∆% | ||
| Total operating revenue | 610.022 | 767.273 | 26% | 180.325 | 181.976 | 1% | ||
| Software Asset Management and Licensing | 426.860 | 544.843 | 28% | 116.504 | 114.833 | -1% | ||
| Infrastructure Services, Cloud & Cyber Security | 63.044 | 83.162 | 32% | 23.623 | 25.355 | 7% | ||
| Service Center Management and Technical support | 81.751 | 94.699 | 16% | 21.616 | 24.946 | 15% | ||
| Software and Business Solution Development | 38.367 | 44.568 | 16% | 18.583 | 16.843 | -9% |
| Span d.d. | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 2020 2021 |
∆% | Q4 2020 | Q4 2021 | ∆% | |||
| Total operating revenue | 412.611 | 542.238 | 17% | 129.931 | 135.950 | 5% | ||
| Software Asset Management and Licensing | 261.729 | 353.219 | 35% | 79.552 | 76.675 | -4% | ||
| Infrastructure Services, Cloud & Cyber Security | 50.168 | 65.546 | 31% | 17.765 | 21.748 | 22% | ||
| Service Center Management and Technical support | 77.927 | 94.185 | 21% | 20.475 | 25.904 | 27% | ||
| Software and Business Solution Development | 22.787 | 29.289 | 29% | 12.139 | 11.624 | -4% |
Graph 1: Segment revenue contribution
1. Software Asset Management and Licensing: Revenues generated in this segment are still the most important part in the total operating revenues of the Group and are higher by 28% compared to 2020. The share of revenues in the total operating revenues is 71%, which is a mild increase compared to the prior year.
2. Infrastructure Services, Cloud & Cyber Security recorded the highest growth in the structure of operating revenues, that is 32% as opposed to 2020. Expansion of business activities in the area of Cloud and security solutions is in line with the strategy of growth of the Group, which is contributed by an increase in the number of projects with the current and new clients. In 2021, in addition to Span d.d., Span Ukraine, Span USA, Span Slovenia, and Span Azerbaijan contributed by expanding the operation in those markets.
3. Service Center Management and Technical Support contributes to a continuing growth through services of supervision and management of the IT surroundings, which amounted to 16% in 2021. This segment generated HRK 94,699 thousand in 2021, and still accounted for the highest share in the total revenues of the Group coming from professional IT services (43%).
4. Software and Business Solution Development recorded a 16% increase in the observed period. The growth of this segment arose primarily from the focus on the expansion of platforms for development of our own software solutions, and on development of specific business solutions for individual key users, such as CRM, and automation and robotization of their business processes.
2.5. Revenues by geography
The geographic market in this context denotes the place where the goods or services were invoiced. 26% of the revenue of the Group in the observed period of 2021 related to the Croatian market, the most significant geographic market in the monitored period. The most significant growth of revenues of the Group was noted on the UK market, totalling HRK 58,000 thousand (118%). Revenues on the Slovenian market grew by HRK 21,240 thousand (19%), com-
pared to 2020, and was followed by Ukraine with a revenue growth of HRK 19.880 thousand (14%), and Croatia with a revenue growth of HRK 18.693 thousand (10%)
35% of revenues of Span d.d. in 2021, is related to Croatian market. The company recorded the highest increase of revenues on the markets of the United Kingdom (HRK 58,000 thousand), Slovenia (HRK 24,253 thousand) and Croatia (HRK 21,745 thousand).
Graph 2: Revenues by geographic markets
Span d.d. 2020 Span d.d. 2021
2.6. Balance Sheet1
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 31/12/2021 | 31/12/2020 | 31/12/2021 |
| ASSETS | 229.413 | 351.419 | 204.756 | 317.418 |
| Fixed assets | 74.252 | 87.381 | 88.005 | 99.738 |
| Deferred tax assets | 8.498 | 7.738 | 7.902 | 6.862 |
| Current assets | 98.817 | 88.098 | 78.433 | 60.102 |
| Cash and cash equivalents | 29.585 | 139.412 | 16.032 | 126.920 |
| Prepaid expenses and accrued income | 18.262 | 28.789 | 14.383 | 23.795 |
| LIABILITIES | 229.413 | 351.419 | 204.756 | 317.418 |
| Equity and reserves | 55.524 | 191.764 | 59.993 | 190.761 |
| Long-term liabilities | 37.531 | 31.430 | 37.531 | 29.149 |
| Current liabilities | 122.469 | 108.346 | 99.678 | 81.380 |
| Accrued expenses and deferred revenue | 13.888 | 19.878 | 7.553 | 16.128 |
1 The 2020 financial statements can be found on the following link: https://investors.span.eu/SpanKGI20182020.pdf
ASSETS
An increase of the fixed assets mostly resulted from the assessment by an authorized appraiser dated 31 December 2021, in which the company recognizes an increase of the value of buildings and land in the amount of HRK 9,704 thousand.
A decrease of the current assets was a result of reduction of Receivables collection days in 2021.
The prepaid costs of future periods and calculated revenues in the most important part consist of the calculated revenues in accordance with IFRS 15, which are recognized based on the level of completion of a project.
25% of the total assets of the Group are comprised of fixed assets in 2021. Within the fixed assets, a significant part relates to tangible assets of the Group (HRK 58,431 thousand), comprised of buildings (HRK 32,403 thousand), land (HRK 13,049 thousand), and other tangible assets (HRK 12,978 thousand). The remaining part of the fixed assets consists of intangible assets (expenses for development, software and intellectual property rights, goodwill), and financial assets
INVESTMENTS IN ASSETS
| Span Group | Span d.d. | ||||
|---|---|---|---|---|---|
| In thousands of HRK | 2020 | 2021 | 2020 | 2021 | |
| Computer equipment and other equipment | 2.897 | 3.743 | 1.870 | 2.905 | |
| Development expenses | 53 | 322 | 0 | 0 | |
| Other intangible assets | 0 | 0 | 0 | 0 | |
| Intangible assets in preparation | 1.553 | 2.203 | 1.505 | 2.203 | |
| Investment in assets total | 4.503 | 6.268 | 3.375 | 5.108 |
Investments of Span Group in assets relate to expenses for procurement and replacement of worn-out computer and other equipment required for the work of our employees. Investing in intangibles under construction relates to internally generated intangible assets that arose from the continuation of development of software available for further sales/use.
DEFERRED TAX ASSETS
Deferred tax assets represent amounts of income tax return which are recoverable based on future taxable profit deductions. Deferred tax assets are recognized up to the amount of taxable earnings which are likely to be achieved. When determining future taxable profits and the amount of taxable earnings which are likely to be achieved in the future, the Group judges and creates an estimate based on taxable profits from the previous years and the expected future earnings which are considered to be reasonable in existing circumstances.
The Group has made an estimate of the usability of tax reliefs for the estimate of the amount of deferred tax assets, based on the support gained from the Ministry of Economy, Entrepreneurship and Crafts. The said support enables Span d.d. to be exempt from the payment of the income tax from 2015 to 2025, to the amount of 50% of the amount of the tax base, to the maximum limit in the amount of the total investment according to the Law on Promotion of Investment (ZOPI).
In December 2021, Span d.d. applied for the use of a new round of support entitled Project of investment in research and development capacity and capacity of delivery of IT solutions, for which a decision is still pending and based of which the accomplishment of additional 50% of reliefs of the tax rate is expected.
CAPITAL AND RESERVES
On 31 December 2020, the capital stock of Span d.d. consisted of 196,000 shares with the nominal value of HRK 100 per share, and the company held 67,760 of their own shares. Reserves amounting to HRK 28 million were created.
On May 24th, 2021, the General Assembly of Span d.d. adopted decision on splitting the shares in a manner that a share with the nominal value of HRK 100 was split into 10 shares, each with the nominal value of HRK 10. The aforementioned decision on splitting issuer shares was registered in the court registry of the Commercial Court in Zagreb on May 25th, 2021.
In accordance with the above, on 31 December 2021 the capital stock of Span d.d. consisted of 1,960,000 shares with the nominal value of HRK 10, and the company held 30,900 of their own shares. Reserves amounting to HRK 615 thousand were created.
Pursuant to Article 222 a, paragraph 2 of the Trading Companies Act, the company dissolved the reserve for its own shares sold within IPO and recovered the amount to retained profit.
The capital reserves amount to HRK 79,084 thousand and are a result of the public offer of shares of Span d.d. occurring as a difference between the nominal value of a share (HRK 10) and final price in IPO (HRK 175) reduced by the dissolved reserves for its own shares sold within IPO.
LIABILITIES
Reducing long-term liabilities was a result of their transfer to short-term section. Reducing short-term liabilities derived from the closure of all short-term loan frameworks that the company used in the prior period.
The long-term liabilities of the Group on 31 December 2021 consisted of the contracted liabilities in the amount of HRK 21,032 thousand (of which HRK 10,185 thousand related to Span d.d. that bought 27.14% of its own share from one of the members of the company in 2019, for which periodical payment has been agreed by the end of 2024 and assets with the right to use - related IFRS 16 part in the amount of HRK 10,847 thousand), liabilities towards banks HRK 6,895 thousand and deferred tax liabilities of HRK 3,502 thousand.
On 31 December 2021, 52% of short-term liabilities relate to liabilities towards suppliers and liabilities for advance payments (HRK 56,667 thousand). On the same day, liabilities to banks amounted to 8% (8.703 thousand HRK), and liabilities for taxes, contributions and similar levies amounted to 11% of the total short-term liabilities (HRK 11,596 thousand). The remainder of short-term liabilities relates to assets with a right to use (corresponding IFRS 16 part), liabilities towards employees, and other liabilities
| Current Assets, Current Liabilities and Working Capital Span Group |
Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 31/12/2021 | 31/12/2020 | 31/12/2021 |
| Current assets | 146.664 | 256.300 | 108.849 | 210.817 |
| Current liabilities | 136.358 | 128.225 | 107.232 | 97.508 |
| Working capital | 10.306 | 128.075 | 1.617 | 113.309 |
| Current liquidity ratio | 1,08 | 2,00 | 1,02 | 2,16 |
Movement of the working capital was significantly influenced by inflow of proceeds from the public offering and additionally supported with the growth of business activities and the geographic expansion of operations. The doubled coefficient of the current liquidity points to the ability of the Group to settle its liabilities.
| Net debt | Span Group | Span d.d. | |||
|---|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 31/12/2021 | 31/12/2020 | 31/12/2021 | |
| Short-term and long-term bank loans | 46.930 | 15.598 | 45.749 | 14.108 | |
| Cash and cash equivalents | 29.585 | 139.412 | 16.032 | 126.920 | |
| Net debt | 17.345 | (123.814) | 29.717 | (112.812) | |
| Total equity | 55.524 | 191.764 | 59.993 | 190.761 | |
| Net debt and total equity ratio | 31,2% | - | 49,5% | - |
In the observed period of 2021, the indicators of indebtedness of the Group pointed to a significant decline of indebtedness compared to 2020.
2.7. Cash flow
In 2021, the Group and Span d.d. achieved positive cash flows from operating activities. Net cash made in the operating activities of the Group increased during the observed period of 2021, as a consequence of the growth and expansion of operations. The positive cash flow from financial activities was based on inflow of funds from the sale of the operating share through IPO.
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 2020 | 2021 | 2020 | 2021 |
| Net cash from operating activities | 45.440 | 55.658 | 46.906 | 54.599 |
| Net cash used in investment activities | -4.503 | -6.268 | -3.375 | -5.108 |
| Net cash used in financial activities | -27.014 | 60.437 | -29.377 | 61.397 |
| Net increase / decrease in cash and cash equivalents |
13.923 | 109.827 | 14.154 | 110.888 |
3. Financial Statements of Span Group and Span d.d.
| STATEMENT OF PROFIT OR LOSS | ||||||
|---|---|---|---|---|---|---|
| for the period 01/01/2021 to 31/12/2021 | ||||||
| in HRK | ||||||
| Submitter: Span d.d. | Same period of the previous year | Current period | ||||
| Item | AOP code |
Cumulative | Quarter | Cumulative | Quarter | |
| 1 | 2 | 3 | 4 | 5 | 6 | |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 613.757.176 | 181.643.452 | 774.123.385 | 186.675.930 | |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 | |
| 2 Income from sales (outside group) | 003 | 610.021.919 | 180.324.822 | 767.272.870 | 181.975.984 | |
| 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 | 3.735.257 | 1.318.630 | 6.850.515 | 4.699.946 | |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 596.464.773 | 170.819.943 | 747.190.879 | 176.440.147 | |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | |
| 2 Material costs (ADP 010 to 012) | 009 | 448.328.467 | 126.176.694 | 582.261.514 | 126.054.405 | |
| a) Costs of raw materials and consumables | 010 | 3.042.313 | 1.196.847 | 3.147.079 | 1.123.297 | |
| b) Costs of goods sold | 011 | 397.504.032 | 109.367.588 | 507.618.613 | 106.731.802 | |
| c) Other external costs | 012 | 47.782.122 | 15.612.259 | 71.495.822 | 18.199.306 | |
| 3 Staff costs (ADP 014 to 016) | 013 | 118.911.970 | 32.732.188 | 138.583.688 | 42.602.685 | |
| a) Net salaries and wages | 014 | 77.190.831 | 23.709.021 | 92.942.268 | 32.672.745 | |
| b) Tax and contributions from salary costs | 015 | 30.606.471 | 6.188.386 | 33.213.153 | 6.621.554 | |
| c) Contributions on salaries | 016 | 11.114.668 | 2.834.781 | 12.428.267 | 3.308.386 | |
| 4 Depreciation | 017 | 14.195.957 | 3.582.126 | 15.593.851 | 4.968.087 | |
| 5 Other costs | 018 | 14.061.761 | 7.364.759 | 10.419.007 | 2.534.681 | |
| 6 Value adjustments (ADP 020+021) | 019 | 966.618 | 964.176 | 332.819 | 280.289 | |
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | |
| b) current assets other than financial assets | 021 | 966.618 | 964.176 | 332.819 | 280.289 | |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 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 | 0 | 0 | 0 | |
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 | |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 4.336.423 | 358.331 | 6.114.028 | 1.355.982 | |
| 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 | 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 | 481.094 | 26.613 | 505.603 | 51.952 | |
| 8 Exchange rate differences and other financial income | 038 | 3.855.329 | 331.718 | 5.608.425 | 1.304.030 | |
| 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 | 11.454.890 | 5.113.479 | 5.108.177 | 1.204.637 | |
| 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 | 2.501.217 | 1.042.848 | 1.744.381 | 476.744 | |
| 4 Exchange rate differences and other expenses | 045 | 8.953.673 | 4.070.631 | 3.324.481 | 727.893 | |
| 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 | 39.315 | 0 | |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 | |
|---|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF 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 | 618.093.599 | 182.001.783 | 780.237.413 | 188.031.912 | |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 607.919.663 | 175.933.422 | 752.299.056 | 177.644.784 | |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 10.173.936 | 6.068.361 | 27.938.357 | 10.387.128 | |
| 1 Pre-tax profit (ADP 053-054) | 056 | 10.173.936 | 6.068.361 | 27.938.357 | 10.387.128 | |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 | |
| XII INCOME TAX | 058 | 2.721.895 | 2.406.768 | 3.947.062 | 1.445.952 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 7.452.041 | 3.661.593 | 23.991.295 | 8.941.176 | |
| 1 Profit for the period (ADP 055-059) | 060 | 7.452.041 | 3.661.593 | 23.991.295 | 8.941.176 | |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 | |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | ||||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (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) XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) |
071 072 |
0 0 |
0 0 |
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 | 7.452.041 | 3.661.593 | 23.991.296 | 8.941.177 | |
| 1 Attributable to owners of the parent | 076 | 7.797.697 | 3.119.785 | 23.868.970 | 8.715.273 | |
| 2 Attributable to minority (non-controlling) interest | 077 | -345.656 | 541.808 | 122.326 | 225.904 | |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | ||||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 7.452.041 | 3.661.593 | 23.991.296 | 8.941.177 | |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | -766.018 | -371.659 | 8.789.954 | 8.207.111 | |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 7.957.787 | 7.957.787 | |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 7.957.787 | 7.957.787 | |
| 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 | -766.018 | -371.659 | 832.167 | 249.324 | |
| 1 Exchange rate differences from translation of foreign operations | 088 | -766.018 | -371.659 | 832.167 | 249.324 | |
| 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 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 V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
096 097 |
0 -766.018 |
0 -371.659 |
0 8.789.954 |
0 8.207.111 |
|
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 6.686.023 | 3.289.934 | 32.781.250 | 17.148.288 | |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | ||||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 6.686.023 | 3.289.934 | 32.781.250 | 17.148.288 | |
| 1 Attributable to owners of the parent | 100 | 7.031.679 | 2.748.126 | 32.658.924 | 16.922.384 | |
| 2 Attributable to minority (non-controlling) interest | 101 | -345.656 | 541.808 | 122.326 | 225.904 |
| BALANCE SHEET | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| balance as at 31/12/2021 | ||||||||||
| in HRK | ||||||||||
| Submitter: Span d.d. | ||||||||||
| 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 | 82.749.498 | 95.119.332 | |||||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 29.448.387 | 28.079.421 | |||||||
| 1 Research and development | 004 | 8.852.685 | 7.542.547 | |||||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 790.024 | 646.079 | |||||||
| 3 Goodwill | 006 | 19.757.707 | 19.465.802 | |||||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | ||||||||
| 5 Intangible assets in preparation | 008 | 47.971 | 424.993 | |||||||
| 6 Other intangible assets | 009 | 0 | ||||||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 42.874.624 | 58.431.229 | |||||||
| 1 Land | 011 | 9.414.613 | 13.049.681 | |||||||
| 2 Buildings | 012 | 20.679.674 | 32.403.011 | |||||||
| 3 Plant and equipment | 013 | 2.580.825 | 3.257.601 | |||||||
| 4 Tools, working inventory and transportation assets | 014 | 10.199.512 | 9.720.936 | |||||||
| 5 Biological assets 6 Advances for the purchase of tangible assets |
015 016 |
0 0 |
0 0 |
|||||||
| 7 Tangible assets in preparation | 017 | 0 | 0 | |||||||
| 8 Other tangible assets | 018 | 0 | 0 | |||||||
| 9 Investment property | 019 | 0 | 0 | |||||||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 1.914.201 | 866.405 | |||||||
| 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 interests | 026 | 0 | 0 | |||||||
| 7 Investments in securities | 027 | 0 | 0 | |||||||
| 8 Loans, deposits, etc. given | 028 | 1.365.443 | 317.647 | |||||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | |||||||
| 10 Other fixed financial assets | 030 | 548.758 | 548.758 | |||||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 4.285 | |||||||
| 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 | 14.479 | 4.285 | |||||||
| V DEFERRED TAX ASSETS | 036 | 8.497.807 | 7.737.992 | |||||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 128.401.723 | 227.510.288 | |||||||
| I INVENTORIES (ADP 039 to 045) | 038 | 520.356 | 2.026.428 | |||||||
| 1 Raw materials and consumables | 039 | 0 | 0 | |||||||
| 2 Work in progress | 040 | 0 | 0 | |||||||
| 3 Finished goods | 041 | 0 | 0 | |||||||
| 4 Merchandise | 042 | 520.356 | 2.026.428 | |||||||
| 5 Advances for inventories | 043 | 0 | 0 | |||||||
| 6 Fixed assets held for sale 7 Biological assets |
044 045 |
0 0 |
0 0 |
|||||||
| II RECEIVABLES (ADP 047 to 052) | 046 | 98.239.340 | 85.192.540 | |||||||
| 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 | 95.371.237 | 80.397.002 | |||||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | |||||||
| 5 Receivables from government and other institutions | 051 | 1.011.809 | 2.417.303 | |||||||
| 6 Other receivables | 052 | 1.856.294 | 2.378.235 | |||||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 56.903 | 879.404 | |||||||
| 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 interests | 059 | 0 | 0 | |||||||
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 56.903 | 879.404 |
|---|---|---|---|
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 29.585.124 | 139.411.916 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 18.261.836 | 28.789.407 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 229.413.057 | 351.419.027 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 55.524.425 | 191.763.860 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
| II CAPITAL RESERVES | 069 | 0 | 79.083.569 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.476.501 | 8.098.829 |
| 1 Legal reserves | 071 | 8.476.501 | 8.098.829 |
| 2 Reserves for treasury shares | 072 | 28.400.000 | 1.015.559 |
| 3 Treasury shares and holdings (deductible item) | 073 | -28.400.000 | -1.015.559 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 8.451.348 | 15.954.404 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | -564.855 | 267.312 |
| 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 | -564.855 | 267.312 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 10.714.624 | 43.752.785 |
| 1 Retained profit | 084 | 10.714.624 | 43.752.785 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 7.797.697 | 23.868.970 |
| 1 Profit for the business year | 087 | 7.797.697 | 23.868.970 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 1.049.110 | 1.137.991 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 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 | 37.530.907 | 31.430.203 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 14.113.159 | 6.895.152 |
| 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 | 21.562.574 | 21.032.865 |
| 11 Deferred tax liability | 108 | 1.855.174 | 3.502.186 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 122.469.347 | 108.346.494 |
| 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 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 32.816.585 | 8.702.748 |
| 7 Liabilities for advance payments | 116 | 1.731.828 | 3.153.753 |
| 8 Liabilities to suppliers | 117 | 46.590.540 | 53.513.063 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 8.162.820 | 8.838.574 |
| 11 Taxes, contributions and similar liabilities | 120 | 12.170.542 | 11.595.560 |
| 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 | 20.997.032 | 22.542.796 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 13.888.378 | 19.878.470 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 229.413.057 | 351.419.027 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
| STATEMENT OF CASH FLOWS - indirect method for the period 01/01/2021 to 31/12/2021 in HRK |
||||||||
|---|---|---|---|---|---|---|---|---|
| Submitter: Span d.d. | ||||||||
| Item | ADP | Same period of the | Current period | |||||
| 1 | code 2 |
previous year 3 |
4 | |||||
| Cash flow from operating activities | ||||||||
| 1 Pre-tax profit | 001 | 10.173.936 | 27.938.357 | |||||
| 2 Adjustments (ADP 003 to 010): | 002 | 16.055.757 | 18.098.484 | |||||
| a) Depreciation | 003 | 14.195.957 | 15.593.851 | |||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 717.556 | -100.792 | |||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 0 | 332.819 | |||||
| d) Interest and dividend income | 006 | -481.094 | -505.603 | |||||
| e) Interest expenses | 007 | 2.501.217 | 1.744.380 | |||||
| f) Provisions | 008 | 0 | 0 | |||||
| g) Exchange rate differences (unrealised) | 009 | 88.739 | 747.121 | |||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | -966.618 | 286.708 | |||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 26.229.693 | 46.036.841 | |||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 22.073.714 | 14.831.191 | |||||
| a) Increase or decrease in short-term liabilities | 013 | 34.736.944 | 6.773.461 | |||||
| b) Increase or decrease in short-term receivables | 014 | -24.522.314 | 14.101.281 | |||||
| c) Increase or decrease in inventories | 015 | 969.220 | -1.506.072 | |||||
| d) Other increase or decrease in working capital | 016 | 10.889.864 | -4.537.479 | |||||
| II Cash from operations (ADP 011+012) | 017 | 48.303.407 | 60.868.032 | |||||
| 4 Interest paid | 018 | -2.559.224 | -1.815.535 | |||||
| 5 Income tax paid A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) |
019 020 |
-1.776.076 43.968.107 |
-1.318.700 57.733.797 |
|||||
| Cash flow from investment activities | ||||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 1.092.628 | 208.297 | |||||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | |||||
| 3 Interest received | 023 | 481.094 | 0 | |||||
| 4 Dividends received | 024 | 0 | 0 | |||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 308.409 | 0 | |||||
| 6 Other cash receipts from investment activities | 026 | 2.836.573 | 10.194 | |||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 4.718.704 | 218.491 | |||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -4.503.822 | -6.267.605 | |||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | |||||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | |||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -30.000 | 0 | |||||
| 5 Other cash payments from investment activities | 032 | -497.810 | 0 | |||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -5.031.632 | -6.267.605 | |||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -312.928 | -6.049.114 | |||||
| Cash flow from financing activities | ||||||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 | |||||
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 101.116.400 | |||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 103.765.102 | 52.154.287 | |||||
| 4 Other cash receipts from financing activities | 038 | 0 | 505.603 | |||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 103.765.102 | 153.776.290 | |||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -124.383.124 | -83.024.943 | |||||
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 | |||||
| 3 Cash payments for finance lease | 042 | 0 | -39.278 | |||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.909.343 | -4.109.905 | |||||
| 5 Other cash payments from financing activities | 044 | -6.206.603 | -6.921.175 | |||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -133.499.070 | -95.634.181 | |||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -29.733.968 | 58.142.109 | |||||
| 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 | 13.921.211 | 109.826.792 | |||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 15.663.913 | 29.585.124 | |||||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 29.585.124 | 139.411.916 |
| for the period from 01/01/2021 to 31/12/2021 | in HRK | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Item | AOP code |
Initial (subscribed) capital |
Capital reserves | Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves | Other reserves | Revaluation reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net inve stment 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 | 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 | 19.600.000 | 0 | 8.493.578 | 28.400.000 | 28.400.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 201.163 | 10.718.400 | -475.583 | 47.443.636 | 1.424.766 | 48.868.402 |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 19.600.000 | 0 | 8.493.578 | 28.400.000 | 28.400.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 201.163 | 10.718.400 | -475.583 | 47.443.636 | 1.424.766 | 48.868.402 |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.797.697 | 7.797.697 | -345.656 | 7.452.041 | |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -766.018 | 0 | 0 | -766.018 | -766.018 | |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | 0 | -454.730 | 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 | 13 | 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 | 14 | 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 | 21 | 0 | 0 | -197.286 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 197.286 | 0 | -30.000 | -30.000 | |
| 22 Transfer to reserves according to the annual schedule 23 Increase in reserves arising from the pre-bankruptcy settlement procedure |
22 23 |
0 0 |
0 0 |
180.209 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
-655.792 0 |
475.583 0 |
0 0 |
0 0 |
0 0 |
| 24 Balance on the last day of the previous business year reporting period | 24 | 19.600.000 | 0 | 8.476.501 | 28.400.000 | 28.400.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | -564.855 | 10.714.624 | 7.797.697 | 54.475.315 | 1.049.110 | 55.524.425 |
| (ADP 04 to 23) | |||||||||||||||||||
| 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 | -454.730 | 0 | 0 | 0 | 0 | -766.018 | 454.730 | 0 | -766.018 | 0 | -766.018 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY |
26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | -766.018 | 454.730 | 7.797.697 | 7.031.679 | -345.656 | 6.686.023 |
| IN EQUITY (ADP 15 to 23) | 27 | 0 | 0 | -17.077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -458.506 | 475.583 | 0 | -30.000 | -30.000 |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year 2 Changes in accounting policies |
28 29 |
19.600.000 0 |
0 0 |
8.476.501 0 |
28.400.000 0 |
28.400.000 0 |
0 0 |
0 0 |
8.451.348 0 |
0 0 |
0 0 |
0 0 |
0 0 |
-564.855 0 |
10.714.624 0 |
7.797.697 0 |
54.475.315 0 |
1.049.110 0 |
55.524.425 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 | 19.600.000 | 0 | 8.476.501 | 28.400.000 | 28.400.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | -564.855 | 10.714.624 | 7.797.697 | 54.475.315 | 1.049.110 | 55.524.425 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.868.970 | 23.868.970 | 122.326 | 23.991.296 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 832.167 | 0 | 0 | 832.167 | 0 | 832.167 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 454.731 | 0 | 7.957.787 | 0 | 7.957.787 |
| 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 | 40 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.328.200 | 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 | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.538.880 | 0 | -1.538.880 | 0 | -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 98.411.769 | -814.716 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.433.457 | 0 | 105.030.510 | -33.445 | 104.997.065 |
| 22 Carryforward per annual plane 23 Increase in reserves arising from the pre-bankruptcy settlement procedure |
49 50 |
0 0 |
0 0 |
437.044 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
7.360.653 0 |
-7.797.697 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 | 19.600.000 | 79.083.569 | 8.098.829 | 1.015.559 | 1.015.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 267.312 | 43.752.785 | 23.868.970 | 190.625.869 | 1.137.991 | 191.763.860 |
| 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 | 52 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 832.167 | 19.782.931 | 0 | 8.789.954 | 0 | 8.789.954 |
| 33 to 41) II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) |
53 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 832.167 | 19.782.931 | 23.868.970 | 32.658.924 | 122.326 | 32.781.250 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 98.411.769 | -377.672 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.255.230 | -7.797.697 | 103.491.630 | -33.445 | 103.458.185 |
Span d.d.
| STATEMENT OF PROFIT OR LOSS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| for the period 01/01/2021 to 31/12/2021 | ||||||||||
| in HRK | ||||||||||
| Submitter: Span d.d. | ||||||||||
| Item | AOP | 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 | 415.344.353 | 131.081.514 | 544.932.136 | 136.864.465 | |||||
| 1 Income from sales with undertakings within the group | 002 | 87.162.912 | 10.950.579 | 115.085.474 | 23.411.211 | |||||
| 2 Income from sales (outside group) | 003 | 325.448.152 | 118.980.438 | 427.152.812 | 112.538.899 | |||||
| 3 Income from the use of own products, goods and services | 004 | 866.905 | 866.905 | 0 | 0 | |||||
| 4 Other operating income with undertakings within the group | 005 | 476.841 | 126.876 | 310.161 | 0 | |||||
| 5 Other operating income (outside the group) | 006 | 1.389.543 | 156.716 | 2.383.689 | 914.355 | |||||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 400.929.602 | 122.617.565 | 522.418.788 | 127.256.743 | |||||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | |||||
| 2 Material costs (ADP 010 to 012) | 009 | 284.733.459 | 87.354.362 | 390.372.272 | 88.015.807 | |||||
| a) Costs of raw materials and consumables | 010 | 2.440.400 | 975.973 | 2.620.229 | 1.020.576 | |||||
| b) Costs of goods sold | 011 | 246.355.810 | 74.396.221 | 328.938.272 | 70.134.445 | |||||
| c) Other external costs | 012 | 35.937.249 | 11.982.168 | 58.813.771 | 16.860.786 | |||||
| 3 Staff costs (ADP 014 to 016) | 013 | 91.648.999 | 24.630.503 | 110.055.426 | 33.491.588 | |||||
| a) Net salaries and wages | 014 | 54.925.973 | 15.390.482 | 68.922.717 | 23.001.846 | |||||
| b) Tax and contributions from salary costs | 015 | 26.986.450 | 6.734.006 | 29.979.463 | 7.578.414 | |||||
| c) Contributions on salaries | 016 | 9.736.576 | 2.506.015 | 11.153.246 | 2.911.328 | |||||
| 4 Depreciation | 017 | 12.706.049 | 3.215.919 | 13.028.514 | 3.248.675 | |||||
| 5 Other costs | 018 | 10.833.160 | 6.411.288 | 8.877.275 | 2.467.902 | |||||
| 6 Value adjustments (ADP 020+021) | 019 | 1.007.935 | 1.005.493 | 85.301 | 32.771 | |||||
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | |||||
| b) current assets other than financial assets | 021 | 1.007.935 | 1.005.493 | 85.301 | 32.771 | |||||
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 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 | 0 | 0 | 0 | |||||
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 | |||||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 2.757.629 | 313.635 | 4.047.913 | 1.272.907 | |||||
| 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 | 11.518 | 11.518 | 0 | 0 | |||||
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 483.098 | 96.057 | 243.033 | 109.961 | |||||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | |||||
| 7 Other interest income | 037 | 12.252 | 3.057 | 264.092 | 14.227 | |||||
| 8 Exchange rate differences and other financial income | 038 | 2.250.761 | 203.003 | 3.540.788 | 1.148.719 | |||||
| 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 | 9.061.085 | 5.399.817 | 4.140.396 | 706.438 | |||||
| 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 | 297.109 | 83.601 | 151.855 | 4.267 | |||||
| 3 Interest expenses and similar expenses | 044 | 2.319.302 | 898.624 | 1.496.679 | 342.650 | |||||
| 4 Exchange rate differences and other expenses | 045 | 6.444.674 | 4.417.592 | 2.491.862 | 359.521 | |||||
| 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 PARTICIPATING | ||||||||||
| INTERESTS | 049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF 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 | 418.101.982 | 131.395.149 | 548.980.049 | 138.137.372 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 409.990.687 | 128.017.382 | 526.559.184 | 127.963.181 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 8.111.295 | 3.377.767 | 22.420.865 | 10.174.191 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 8.111.295 | 3.377.767 | 22.420.865 | 10.174.191 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 |
| XII INCOME TAX | 058 | 1.615.678 | 1.615.678 | 3.102.688 | 1.220.328 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 6.495.617 | 1.762.089 | 19.318.177 | 8.953.863 |
| 1 Profit for the period (ADP 055-059) | 060 | 6.495.617 | 1.762.089 | 19.318.177 | 8.953.863 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (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 | 1.762.087 | 6.495.617 | 19.318.177 | 8.953.863 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | 0 | 0 | 7.957.787 | 7.957.787 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 7.957.787 | 7.957.787 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 7.957.787 | 7.957.787 |
| 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 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 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- 086 - 096) | 097 | 0 | 0 | 7.957.787 | 7.957.787 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 1.762.087 | 6.495.617 | 27.275.964 | 16.911.650 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent | 100 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
Span d.d.
| BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|
| balance as at 31/12/2021 | |||||||
| in HRK | |||||||
| Obveznik: Span d.d. | |||||||
| Item | ADP | Last day of the preceding | At the reporting date of the | ||||
| code | business year | 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 | 95.907.178 | 106.600.686 | ||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 18.870.991 | 18.487.016 | ||||
| 1 Research and development | 004 | 7.892.219 | 6.907.749 | ||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 198.167 | 373.669 | ||||
| 3 Goodwill | 006 | 10.780.605 | 10.780.605 | ||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | ||||
| 5 Intangible assets in preparation | 008 | 0 | 424.993 | ||||
| 6 Other intangible assets | 009 | 0 | 0 | ||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 41.705.424 | 53.122.234 | ||||
| 1 Land | 011 | 9.414.613 | 13.049.681 | ||||
| 2 Buildings | 012 | 20.679.674 | 29.637.897 | ||||
| 3 Plant and equipment | 013 | 3.244.510 | 3.012.279 | ||||
| 4 Tools, working inventory and transportation assets | 014 | 6.664.754 | 7.422.377 | ||||
| 5 Biological assets | 015 | 0 | 0 | ||||
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 | ||||
| 7 Tangible assets in preparation | 017 | 0 | 0 | ||||
| 8 Other tangible assets | 018 | 1.701.873 | 0 | ||||
| 9 Investment property | 019 | 0 | 0 | ||||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 27.413.819 | 28.124.898 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 26.986.187 | 27.768.705 | ||||
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 | ||||
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 | ||||
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 0 | 0 | ||||
| 5 Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 | ||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 | ||||
| 7 Investments in securities | 027 | 0 | 0 | ||||
| 8 Loans, deposits, etc. given | 028 | 316.927 | 245.488 | ||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | ||||
| 10 Other fixed financial assets | 030 | 110.705 | 110.705 | ||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 4.285 | ||||
| 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 | 14.479 | 4.285 | ||||
| V DEFERRED TAX ASSETS | 036 | 7.902.465 | 6.862.253 | ||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 94.465.630 | 187.021.630 | ||||
| 126.567 | 1.972.414 | ||||||
| I INVENTORIES (ADP 039 to 045) | 038 | ||||||
| 1 Raw materials and consumables | 039 | 0 | 0 | ||||
| 2 Work in progress | 040 | 0 | 0 | ||||
| 3 Finished goods | 041 | 0 | 0 | ||||
| 4 Merchandise | 042 | 126.567 | 1.972.414 | ||||
| 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 | 77.706.864 | 58.129.459 | ||||
| 1 Receivables from undertakings within the group | 047 | 7.138.724 | 7.012.558 | ||||
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 | ||||
| 3 Customer receivables | 049 | 68.928.495 | 49.028.871 | ||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | ||||
| 5 Receivables from government and other institutions | 051 | 872.233 | 319.860 | ||||
| 6 Other receivables | 052 | 767.412 | 1.768.170 | ||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 600.000 | 0 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 200.000 | 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 interests | 059 | 400.000 | 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 | 16.032.199 | 126.919.757 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 14.383.096 | 23.795.411 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 204.755.904 | 317.417.727 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 59.993.425 | 190.761.019 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
| II CAPITAL RESERVES | 069 | 0 | 79.083.569 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.072.428 | 7.412.739 |
| 1 Legal reserves | 071 | 8.072.428 | 7.412.739 |
| 2 Reserves for treasury shares | 072 | 28.000.000 | 615.559 |
| 3 Treasury shares and holdings (deductible item) | 073 | -28.000.000 | -615.559 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 8.451.348 | 15.954.404 |
| 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 | 17.374.032 | 49.392.130 |
| 1 Retained profit | 084 | 17.374.032 | 49.392.130 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 6.495.617 | 19.318.177 |
| 1 Profit for the business year | 087 | 6.495.617 | 19.318.177 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 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 | 37.530.906 | 29.148.993 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 14.160.824 | 6.895.152 |
| 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 | 21.514.908 | 18.751.655 |
| 11 Deferred tax liability | 108 | 1.855.174 | 3.502.186 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 99.678.310 | 81.379.506 |
| 1 Liabilities to undertakings within the group | 110 | 1.747.942 | 1.241.757 |
| 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 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 31.588.420 | 7.212.661 |
| 7 Liabilities for advance payments | 116 | 515.039 | 1.318.683 |
| 8 Liabilities to suppliers | 117 | 35.889.863 | 38.131.824 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 5.422.895 | 5.990.115 |
| 11 Taxes, contributions and similar liabilities | 120 | 7.865.956 | 7.241.434 |
| 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 | 16.648.195 | 20.243.032 |
| 7.553.263 | 16.128.209 | ||
| E) ACCRUALS AND DEFERRED INCOME | 124 | ||
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 204.755.904 | 317.417.727 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
Span d.d.
| STATEMENT OF CASH FLOWS - indirect method for the period 01/01/2021 to 31/12/2021 in HRK |
||||||||
|---|---|---|---|---|---|---|---|---|
| Obveznik: Span d.d. | ||||||||
| Item | ADP | Same period of the | Current period | |||||
| code | previous year | |||||||
| 1 | 2 | 3 | 4 | |||||
| Cash flow from operating activities | 8.111.295 | 22.420.865 | ||||||
| 1 Pre-tax profit | 001 | 16.537.468 | 14.124.091 | |||||
| 2 Adjustments (ADP 003 to 010): | 002 | 12.706.049 | 13.028.514 | |||||
| a) Depreciation | 003 | 809.473 | -100.632 | |||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | 72.988 | 85.301 | |||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets d) Interest and dividend income |
005 006 |
-23.770 | -264.092 | |||||
| e) Interest expenses | 007 | 2.319.302 | 1.496.679 | |||||
| f) Provisions | 008 | 0 | 0 | |||||
| g) Exchange rate differences (unrealised) | 009 | 439.542 | -121.679 | |||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 213.884 | 0 | |||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 24.648.763 | 36.544.956 | |||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 24.857.048 | 22.823.572 | |||||
| a) Increase or decrease in short-term liabilities | 013 | 28.648.545 | 5.417.125 | |||||
| b) Increase or decrease in short-term receivables | 014 | -11.780.799 | 20.089.663 | |||||
| c) Increase or decrease in inventories | 015 | 1.276.807 | -1.845.847 | |||||
| d) Other increase or decrease in working capital | 016 | 6.712.495 | -837.369 | |||||
| II Cash from operations (ADP 011+012) | 017 | 49.505.811 | 59.368.528 | |||||
| 4 Interest paid | 018 | -2.378.698 | -1.568.616 | |||||
| 5 Income tax paid | 019 | -1.776.076 | -528.959 | |||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 45.351.037 | 57.270.953 | |||||
| Cash flow from investment activities | ||||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 635.228 | 162.833 | |||||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | |||||
| 3 Interest received | 023 | 23.770 | 0 | |||||
| 4 Dividends received | 024 | 0 | 0 | |||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 23.056 | 0 | |||||
| 6 Other cash receipts from investment activities | 026 | 1.394.140 | 80.194 | |||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 2.076.194 | 243.027 | |||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -3.375.483 | -5.108.729 | |||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | |||||
| 3 Cash payments for loans and deposits for the period | 030 | -600.000 | 0 | |||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -30.000 | -373.535 | |||||
| 5 Other cash payments from investment activities | 032 | -77.845 | 0 | |||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -4.083.328 | -5.482.264 | |||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -2.007.134 | -5.239.237 | |||||
| Cash flow from financing activities | ||||||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 | |||||
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 101.116.400 | |||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 104.238.654 | 49.111.128 | |||||
| 4 Other cash receipts from financing activities | 038 | 0 | 264.092 | |||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 104.238.654 | 150.491.620 | |||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -124.352.897 | -80.403.926 | |||||
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 | |||||
| 3 Cash payments for finance lease | 042 | -29.965 | -39.278 | |||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.869.344 | -4.109.905 | |||||
| 5 Other cash payments from financing activities | 044 | -6.176.638 | -5.543.789 | |||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -133.428.844 | -91.635.778 | |||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -29.190.190 | 58.855.842 | |||||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 14.153.713 |
0 110.887.558 |
|||||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 1.878.486 | 16.032.199 | |||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
049 050 |
16.032.199 | 126.919.757 |
STATEMENT OF CHANGES IN EQUITY Span d.d.
| for the period from 01/01/2021 to 31/12/2021 | in HRK | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Item | AOP code |
Initial (subscribed) capital Capital reserves |
Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves | Other reserves | Revaluation reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net inve stment 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 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 do 6 - 7 + 8 do 17) |
19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 19.600.000 | 0 | 7.984.631 | 28.000.000 | 28.000.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 0 | 12.495.376 | 3.172.483 | 52.158.568 | 0 | 52.158.568 |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 19.600.000 | 0 | 7.984.631 | 28.000.000 | 28.000.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 0 | 12.495.376 | 3.172.483 | 52.158.568 | 0 | 52.158.568 |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.495.617 | 6.495.617 | 0 | 6.495.617 |
| 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 | 08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other comprehensive income (available for sale) 9 Profit or loss arising from effective cash flow hedge |
09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 13 | 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 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy |
14 | 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) | 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 | 21 | 0 | 0 | -92.412 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | 0 | 1.886.382 | 0 | 1.339.240 | 0 | 1.339.240 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 180.209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.992.274 | -3.172.483 | 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 | 19.600.000 | 0 | 8.072.428 | 28.000.000 | 28.000.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 17.374.032 | 6.495.617 | 59.993.425 | 0 | 59.993.425 |
| 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 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| (ADP 06 to 14) 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 | 6.495.617 | 6.495.617 | 0 | 6.495.617 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY | |||||||||||||||||||
| IN EQUITY (ADP 15 to 23) | 27 | 0 | 0 | 87.797 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | 0 | 4.878.656 | -3.172.483 | 1.339.240 | 0 | 1.339.240 |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year | 28 | 19.600.000 | 0 | 8.072.428 | 28.000.000 | 28.000.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 17.374.032 | 6.495.617 | 59.993.425 | 0 | 59.993.425 |
| 2 Changes in accounting policies 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 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 | 19.600.000 | 0 | 8.072.428 | 28.000.000 | 28.000.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 17.374.032 | 6.495.617 | 59.993.425 | 0 | 59.993.425 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.318.177 | 19.318.177 | 0 | 19.318.177 |
| 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 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 454.731 | 0 | 7.957.787 | 0 | 7.957.787 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other comprehensive income (available for sale) | |||||||||||||||||||
| 9 Profit or loss arising from effective cash flow hedge 10 Profit or loss arising from effective hedge of a net investment in a foreign operation |
36 37 |
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 |
| 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 | 40 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.328.200 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy |
41 | 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) | 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 | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.538.880 | 0 | -1.538.880 | 0 | -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 98.411.769 | -984.470 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.603.211 | 0 | 105.030.510 | 0 | 105.030.510 |
| 22 Carryforward per annual plane | 49 | 0 | 0 | 324.781 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.170.836 | -6.495.617 | 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 | 19.600.000 | 79.083.569 | 7.412.739 | 615.559 | 615.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 0 | 49.392.130 | 19.318.177 | 190.761.019 | 0 | 190.761.019 |
| 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 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 19.782.931 | 0 | 7.957.787 | 0 | 7.957.787 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) | 53 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 19.782.931 | 19.318.177 | 27.275.964 | 0 | 27.275.964 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 98.411.769 | -659.689 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.235.167 | -6.495.617 | 103.491.630 | 0 | 103.491.630 |
4. Notes
4.1. Notes accompanying Financial Statements
| Issuer name: | Span d.d |
|---|---|
| Address: | Koturaška cesta 47, 10000 Zagreb |
| OIB: | 19680551758 |
| MBS: | 080192242 |
| Reporting period: | January 1st – December 31st 2021 |
Notes to the financial statements for 2021 are included in the Unaudited Business Results of Span Group and Span d.d. for 2021., available on Zagreb Stock Exchange website.
Annual Report of Span Group and Span d.d. for 2020 is available on Span d.d. website. The accounting policies applied in the preparation of the financial statements for the reporting period are the same as in the most recent annual financial statements.
Span d.d. issued corporate guarantees in the amount of HRK 10,554 thousand, debentures in the amount of HRK 135,646 thousand (of which HRK 7,075 thousand for affiliated companies) and bills of exchange in the amount of HRK 33.041 thousand.
Average number of Span Group employees in the period from 1.1.2021. to 31.12.2021. was 537. The average number of employees of Span d.d. in the period from 1.1.2021. to 31.12.2021. was 436.
In the observed period, the company Span d.d. capitalized labor costs related to the continued development of internally generated intangible assets. The total amount of employee costs during the period, amounts to HRK 112,258 thousand, out of which HRK 110,055 thousand is directly charged to the costs of the period, while HRK 2,203 thousand is capitalized. Capitalized cost is broken down into net salaries (HRK 1,336 thousand), taxes and contributions from salaries (HRK 625 thousand) and contributions to salaries (HRK 242 thousand).
Deferred tax assets of Span Group as at 31 December 2020 amount to HRK 8,498 thousand, while for Span d.d. it amounts to HRK 7,902 thousand. In the Span Group, the decrease in the amount of HRK 760 thousand relates to the recognition of deferred tax assets due to losses incurred by certain affiliates and the decrease in the amount of HRK 1,040 thousand in the reporting period relates to the recognition of deferred tax assets on the basis of tax relief based on investment aid received from the Ministry of the Economy,Entrepreneurship and Crafts for Span dd
Span d.d. holds a participating stake in Trilix d.o.o. Zagreb and Bonsai d.o.o. Zagreb. The amount of capital that Span d.d. holds in Trilix d.o.o. amounts to 60%, ie HRK 1,037 thousand, the amount of total capital and reserves of Trilix d.o.o. amounts to HRK 1,729 thousand, and the loss in the business year 2020 amounts to HRK 1,329 thousand. The amount of capital that Span d.d. holds in Bonsai d.o.o. amounts to 70%, or HRK 1,042 thousand, the amount of total capital and reserves of Bonsai d.o.o. amounts to HRK 1,488 thousand, and the profit in the business year 2020 amounts to HRK 163 thousand.
Companies where Span d.d. has unlimited liability are: Infocumulus d.o.o. Zagreb, Span d.o.o. Ljubljana, Span IT Ltd. London, Span USA Inc., Oak Brook, Span LLC Baku, Span GmbH Munich, LLC Span Kiev, SPAN SWISS AG Zurich and SPAN-IT SRL Moldova.
5. Statement on responsibility for compiling a report in the observed period
Statement
The financial statements of Span d.d. and Span Group for the period from January 1st to December 31st, 2021, shown to be fair and truthful in accordance with International Financial Reporting Standards which have been consistently applied in relation to previous years.
All materially significant transactions were accordingly recorded in the accounting records, which were the basis of the financial statements. They give a truthful and complete overview of assets and obligations, the financial position and business activities of the Span d.d. and Span Group.
Nikola Dujmović President and CEO, Span d.d.
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