Interim / Quarterly Report • Sep 30, 2021
Interim / Quarterly Report
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Unaudited Financial Statements of Span Group and Span d.d.
JANUARY – JUNE 2021
| 1. | Management Interim report |
3 | |
|---|---|---|---|
| 1.1. | Statement by Nikola Dujmović, President and CEO | 4 | |
| 1.2. Organizational structure of the Group | 5 | ||
| 1.3. Business s egments of the Group |
4 | ||
| 1.4. Span Group core values and high business s tandards |
7 | ||
| 1.5. Strategy and goals | 7 | ||
| 2. | Financial indicators for the first half of 2021 |
8 | |
| 2.1. Operating revenue, EBIT DA and net profit of the Span Group |
9 | ||
| 2.2. Operating revenue, EBIT DA and net profit of Span d.d. |
9 | ||
| 2.3. Key features of the period – first half of 2021 | 10 | ||
| 2.4. Revenues by segments | 11 | ||
| 2.5. Revenues by geography | 13 | ||
| 2.6. Balance Sheet | 14 | ||
| 2.7. Cash flow | 16 | ||
| 3. | Financial statements of the Span Group and Span |
d.d. | 17 |
| 4. | Notes | 30 | |
| 4.1. Notes accompanying financial Statements | 30 | ||
| 4.2. Events after the reported period | 31 | ||
| 5. | Statement on responsibility for compiling |
||
| a report in the observed period |
32 |
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – JUNE 2021
3
Since the start of 2020, the world as we knew it has significantly changed and has continued to change faster than before. The interdependence and the speed and complexity of the system have become dominating trends at every level, and it was what additionally enabled us to continue to build its digital future in a more powerful way, together with its numerous clients and partners.
Here in Span, we are transparent in everything we do, and through the development of the operation we also ende-
avor to bring positive change to the community and develop good foundations for a long-lived and sustainable digital economic development. This means creating values for all stakeholders - from the employees to the local communities to our business partners. Together with them, we work on digital transformation of companies and respond to modern challenges facing the private and public sector amidst efforts to tackle the economic crisis, the ever-increasing economic inequalities, and combating climate changes – all this during pandemic surge.
In the observed period, we continued our intensive preparations for our IPO on the Zagreb Stock Exchange, with intent to finance further growth and development of Span, by selling our own treasury shares. Before anything else, we offered acquisition of shares, or co-ownership, to our employees who have built Span as we know it today together with us. We created a special "ESOP" program for them based on which they were able to be the first to buy company shares. In that way, we gave part of the ownership into the safe and reliable hands of those who know Span the best.
By listing our shares on the Zagreb Stock Exchange, we have ensured a growth in the existing markets and enabled continuation of our expansion to new markets. Strengthened up with new shareholders and their trust, including inter alia our employees, we are getting additional wind at our back. What is certain is that the future is digital, and we will keep on creating the best IT solutions for challenges confronting our clients in order to ensure their safe and sustainable operation."
Nikola Dujmović President and CEO, Span d.d.
―――――― ―――――― ―――――― ――――――
4
SPAN d.d., Zagreb was incorporated under the laws and regulations of the Republic of Croatia as a limited liability company on March 23rd, 1993, and on December 13th, 2019, the company Assembly adopted Decision on transformation of the limited liability company into a joint stock company.
In its 28 years of operation, Span has developed from an IT system integrator in Croatia to a Group that nowadays, along with 40 international partners, does business with more than 1,200 customers in 100 markets located on six continents. The Group consists of three domestic daughter companies – Infocumulus, Bonsai.tech and Trilix, and seven international subsidiaries in Slovenia, Great Britain, the United States, Germany, Ukraine, Azerbaijan, and Switzerland.
Due to business making decisions and business evaluation purposes, activities are split along 4 business lines each serving a distinct market service
1 Detailed description of Business segments of the Group can be found in the Prospectus regarding the public offering and listing of shares on the regulated market, on page 56: https://www.span.eu/hr/media/prospekt/
Presence of the business segments of the Group in relation to different phases of service provision to customers is visible in the graph. The graph uses a related overview of segmentation of the operation so as to allow for a more transparent insight into the presence of an individual segment in customer value chain.
| Buy and optimize costs of software solutions |
Adjusting software solution to customer needs, enabling migration and adoption |
Maintenance and usage analysis |
New software develop ment Software |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Digital roadmap • Map software needs • Develop roadmap |
Software licensing • Buy the right technology, on the right contracts, at the best price |
Optimisation • Optimisation of vendor contracts and SAM process • Software cost management and predictive licensing |
Infrastructure services • Tailored-made software solutions • Focus on cloud and cybersecurity |
Migration planning • Detailed step-by-step migration plan and support • Focus on cloud |
Cloud adoption • Cloud identification, migration and Cloud unified communica tions • Risk and compliance automation |
Managed software consumption • IT consumption monitoring and spend analysis |
Service management and support • 24/7/365 operation |
development and business solutions • Designing high-performance digital platforms developed on cloud and microservices architecture to scale globally |
||
| Software asset management & Licensing |
||||||||||
| Infrastructure services, Cloud and CyberSecurity |
||||||||||
| Service Management & Support |
||||||||||
| Software development & Business solutions |
Competence, excellence, responsibility, and trust are 4 core values that provide a foundation for the unique corporate culture in Span, where our employees are the ones who have the crucial role. Therefore, we continuously invest in their education, improvement and satisfaction at workplace. Key people in the company and employees boast the experience of a persevering and gradual growth that has been based on learning, improving, and on specific business ethics and responsibility towards society. Among 500 employees of the Group, more than 300 are certified experts, who spend more than 100 hours averagely, on an annual basis, in training and improvement and hold four certifications.
In 2021, Span won the Microsoft Partner of the Year in Croatia for the fourth time, competing with the best Microsoft Partners worldwide, and thus, we confirmed once again the high quality and innovativeness in the implementation of Microsoft technological solutions among numerous users. The Microsoft's Partner of the Year is awarded to companies that devised, developed and implemented solutions based on Microsoft technologies during last year in an especially successful way. The awards are bestowed in several categories, and the winners are selected among more than 4,400 nominations from more than 100 countries throughout the world. Span got the award for its exceptionally successful implementations of solutions and superb quality of service delivery.
Microsoft advanced specializations are a demonstration of a deep knowledge in certain Microsoft scenarios and implementation services. A leading expert for the Microsoft technologies and a leading regional Microsoft partner, Span holds the Microsoft Gold Partner award and has eight Microsoft Advanced specializations that confirm deep understanding of the solutions the company offers.
The strategy of the operation of the Group is primarily directed towards expanding the business activities with high added value, i.e. expanding IT services from the following business segments:
The strategy is based on the geographic expansion to new foreign markets of East Europe and Central Asia, for which the Group has the status of the Microsoft LSP partner.
In addition to our focus on foreign markets, the strategic focus of the Group reflects in the continuation of the organic growth in the existing markets, encompassing all business segments.
Financial Indicators for the first half of 2021: Due to rounding to a thousand and for the sake of uniformity and consistency of the presented financial statements in the Interim Management Report (presented in thousands of HRK) and Financial Statements PFI - POD (presented in HRK), summary lines may deviate in the maximum amount of one thousand HRK.
2.1. Operating revenue, EBITDA and net profit of the Span Group
2.2. Operating revenue, EBITDA and net profit of Span d.d.
2 No data reported as the Span d.d. company noted losses in the period observed of 2020
Total revenues of Span Group during the observed period of 2021 amounted to HRK 392,120 thousand, while during the same period of the prior year they amounted to HRK 320,141 thousand, representing a growth of 22%.
Total revenues during the period observed increased as a consequence of new clients' acquisition as well as an increase in the number of projects with existing clients. Operating revenues in the first half of 2021 amounted to HRK 390,666 thousand, while in the same period of the prior year they amounted to HRK 318,277 thousand, representing a growth of 23%.
Span d.d. during the same observed period noted a growth in operating revenues from HRK 197,215 thousand to HRK 262,011 thousand, representing a growth of 33%.
Personnel expenses of the Group during the observed period of 2021 increased by 13%. The average number of employees in 2021 was 524 as opposed to the prior year when the average number of employees in the Group was 479.
Personnel expenses of Span d.d. during the observed period of 2021 grew by 16%. The average number of employees in 2021 was 425 as opposed to the prior year when the average number of employees was 385.
Most new employees are employed in the segments with high added value, in other words IT services from the business segment Software Asset Management, Infrastructure Services (Cloud and Cyber Security), Service Management and Support, as well as Software Development and Business Solutions.
EBITDA of the Group before one-off items in 2021 totals HRK 17,762 thousand, which is an increase of 110% as opposed to the same period of 2020.
Span d.d. in 2021 notes an EBITDA before one-off items of HRK 16,564 thousand, representing a growth of 167% as opposed to the same period of 2020.
| Span Group | |||
|---|---|---|---|
| In thousands of HRK | H1 2020 | H1 2021 | ∆% |
| Total revenue | 320.141 | 392.120 | 22% |
| Operating revenue | 318.227 | 390.666 | 23% |
| Other revenue | 1.915 | 1.454 | -24% |
| Total costs | 311.695 | 376.745 | 21% |
| Costs of goods and services sold | 237.518 | 291.001 | 23% |
| Personnel expenses | 57.461 | 64.759 | 13% |
| Other business expenses | 16.716 | 20.985 | 26% |
| EBITDA before one-off items | 8.447 | 17.762 | 110% |
| One-off items | - | 2.387 | |
| EBITDA after one-off items | 8.447 | 15.375 | 82% |
| Depreciation* | 7.021 | 7.238 | 3% |
| EBIT | 1.426 | 8.138 | 471% |
| Net financial result | 232 | 967 | 317% |
| Profit/loss before taxation before one-off items | 1.658 | 11.492 | 593% |
| Profit/loss before taxation after one-off items | 1.658 | 9.105 | 449% |
| Corporate tax | 209 | 1.687 | 708% |
| Profit/loss after taxation before one-off items | 1.449 | 9.805 | 576% |
| Profit/loss after taxation after one-off items | 1.449 | 7.418 | 412% |
* Value adjustments of assets included
| Span d.d. | |||
|---|---|---|---|
| In thousands of HRK | H1 2020 | H1 2021 | ∆% |
| Total revenue | 198.309 | 263.338 | 33% |
| Operating revenue | 197.215 | 262.011 | 33% |
| Other revenue | 1.094 | 1.327 | 21% |
| Total costs | 192.106 | 249.161 | 30% |
| Costs of goods and services sold | 135.763 | 182.587 | 34% |
| Personnel expenses | 44.431 | 51.647 | 16% |
| Other business expenses | 11.912 | 14.927 | 25% |
| EBITDA before one-off items | 6.203 | 16.564 | 167% |
| One-off items | - | 2.387 | |
| EBITDA after one-off items | 6.203 | 14.177 | 129% |
| Depreciation* | 6.287 | 6.596 | 5% |
| EBIT | (84) | 7.581 | — 3 |
| Net financial result | 3 | (316) | — |
| Profit/loss before taxation before one-off items | (80) | 9.652 | — 3 |
| Profit/loss before taxation after one-off items | (80) | 7.265 | — 3 |
| Corporate tax | - | 1.174 | — 3 |
| Profit/loss after taxation before one-off items | (80) | 8.478 | — 3 |
| Profit/loss after taxation after one-off items | (80) | 6.091 | — 3 |
* Value adjustments of assets included
One-off items present 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.
EBITDA of the Group after one-off items during period observed grew from HRK 8,447 thousand in 2020 to HRK 15,375 thousand in 2021, which presents an increase of 82%.
Span d.d. during the same period notes a growth of its EBITDA after accounting for one-off items from HRK 6,203 thousand in 2020 to HRK 14,177 thousand in 2021, which represents an increase of 129%.
EBITDA growth follows the growth of revenues and an increase in profitability of segments with high added value, such as IT services from the business segment Software Asset Managemet, Infrastructure services (Cloud and Cyber Security), Service Management and Support, as well as Software Development and Business Solutions.
Group's profits/losses after taxes before one-off items was HRK 9,805 thousand which represents a growth of 576% as opposed to the the same period of 2020.
Group's profits/losses after taxes after one-off items during period observed totalled HRK 7,418 thousand, as opposed to the the same period of 2020. when the Group noted a profit of HRK 1,449 thousand.
Profits after taxes of Span d.d. before one-off items in 2021 totalled HRK 8,478 thousand.
Profits/losses after taxes after one-off items of Span d.d. in 2021 totalled HRK 6,091 thousand, as opposed to the the same period of 2020, when the Group noted a loss of HRK 80 thousand.
Following are revenues per Group's business segments during observed period of 2020 and 2021.
3 No data reported as the Span d.d. company noted losses in the period observed of 2020
| Span Group | Span d.d. | |||||
|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2020 | H1 2021 | ∆% | H1 2020 | H1 2021 | ∆% |
| Total operating revenue | 318.227 | 390.666 | 23% | 197.215 | 262.011 | 33% |
| Software Asset Management and Licensing | 243.358 | 290.243 | 19% | 133.470 | 178.739 | 34% |
| Infrastructure Services, Cloud and Cyber Security | 24.726 | 37.679 | 52% | 20.348 | 28.259 | 39% |
| Service Center Management and Technical support | 37.701 | 43.986 | 17% | 38.135 | 42.856 | 12% |
| Software and Business Solution Development | 12.441 | 18.757 | 51% | 5.262 | 12.157 | 131% |
Span Group H1 2020. Span Group H1 2021. Graph 1 – Segment revenue contribution
Growth of 19% in the period observed is the result of an increase of business with existing clients and acquisition of new clients. Revenue contribution of this segment in total operating revenues is the highest out of all four segments. In the period observed of 2021, its share amounted to 74% while in the same period last year it amounted to 76%. The drop in the share of this segment is the result of the Group's strategy which aims to expand business activities with high added value, such as IT services from the business segment Software Asset Managemet, Infrastructure services (Cloud and Cyber Security), Service Center Management and Technical support, as well as Software development and business solutions.
• Infrastructure Services; Cloud and Cyber Security demonstrate significant growth in 2021 when compared to 2020, totalling 52%. The growth of this segment is due to the acquisition of new clients and an increase in the number of projects with existing clients. Besides Span d.d., Span, TOV, Kiev (Ukraine) and Span Azerbaijan MMC, Baku (Republic of Azerbaijan) were the ones that contributed the most to the growth of this segment in 2021 by expanding business in these markets.
• Service Center Management and Support segment demonstrated continued growth of 17% during the period observed. This segment also held the largest revenue contribution (44%) in the high added value segments, comprised of Software Asset Managemet, InfrastruUNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – JUNE 2021
13
cture services (Cloud and Cyber Security), Service Center Management and Technical support, as well as Software development and Business solutions.
• Software Development and Business Solutions segment achieved a growth of 51% during the period observed. Growth in this segment came from focusing on developing platforms of own software solutions development and the development of specific particular solutions for particular users, as well as processes automatization and robotization.
The geographic market in this context denotes the place where the goods or services were invoiced. 26% of revenues in 2021 are attributed to the Ukrainian market, which is also the most significant geographic market in the period observed. License agreements are usually renewed in the second half of the year in Croatia, which on an annual level is the largest geographic market.
The most significant growth was noted on the UK market totalling HRK 27,614 thousand (120.9%). Additionally, revenues on the Slovenian market grew by HRK 15,582 thousand (22.2%), in Croatia by HRK 10,443 thousand (14.9%), the Ukraine by HRK 7,830 thousand (8.3%) and in the US by HRK 1,890 thousand (4.4%), which is in line with the Group's strategy oriented towards growth in the aforementioned markets.
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/06/2021 | 31/12/2020 | 30/06/2021 |
| ASSETS | 229.413 | 264.507 | 204.756 | 223.920 |
| Fixed assets | 74.252 | 77.261 | 88.005 | 91.836 |
| Deferred tax assets | 8.498 | 7.996 | 7.902 | 7.382 |
| Current assets | 98.817 | 138.404 | 78.433 | 105.387 |
| Cash and cash equivalents | 29.585 | 25.748 | 16.032 | 14.214 |
| Prepaid expenses and accrued income | 18.262 | 15.098 | 14.383 | 5.102 |
| LIABILITIES | 229.413 | 264.507 | 204.756 | 223.920 |
| Equity and reserves | 55.524 | 62.254 | 59.993 | 64.545 |
| Long-term liabilities | 37.531 | 45.445 | 37.531 | 45.330 |
| Current liabilities | 122.469 | 144.647 | 99.678 | 109.480 |
| Accrued expenses and deferred revenue | 13.888 | 12.160 | 7.553 | 4.564 |
29% of total Group assets are comprised of fixed assets. Within fixed assets, a large part relates to tangible assets of the Group (HRK 48,090 thousand), comprised of buildings (HRK 26,102 thousand), land (HRK 9,415 thousand) and other tangible assets (HRK 12,574 thousand).
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 30/06/2020/ | 30/06/2021 | 30/06/2020 | 30/06/2021 |
| Computer equipment and other equipment | 1.137 | 1.768 | 781 | 1.475 |
| Development expenses | 0 | 0 | 0 | 0 |
| Other intangible assets | 0 | 4 | 0 | 0 |
| Investment in assets total | 1.137 | 1.772 | 781 | 1.475 |
Investment in assets relate to the expense of procurement and replacement of wornout computers and other equipment required for employee work.
Deferred tax assets represent income tax return amounts which are recoverable based on future taxable profit deductions. Deferred tax assets are recognized up to the amount of taxable revenues which are likely to be achieved. When determining future taxable profits and the amount of taxable revenues which are likely to be achieved in the future, the Group judges and creates an estimate based on taxable profits from the previous year and the expected future revenues which are considered to be reasonable in existing circumstances. The Group has created an estimate on utilizing tax deductions for the estimate of the amount of deferred tax assets, based on the support gained from the Ministry of Economy, Entrepreneurship and Crafts. The aforementioned financial support allows Span d.d. to be exempt from paying income tax from 2015 to 2025 to the amount of 50% of the amount of the tax base.
4 Financial reports for 2020 can be found on the following link: https://investors.span.eu/SpanKGI20182020.pdf and https://www.span.eu/en/media/span-audit-review-2020/
The largest part of the Group's current assets in 2021 is comprised of accounts receivable in the amount of HRK 124,307 thousand and Cash and cash equivalents in the amount of HRK 25,748 thousand.
On December 31st, 2020, the share capital of Span d.d. was comprised of 196,000 shares with a nominal value of HRK 100 per share and the company held 67,760 of its shares. A reserve totalling HRK 28 million was created.
On May 24th, 2021, the General Assembly of Span d.d. decided to do a share split in such a way that one share with a nominal value of HRK 100 is split into 10 shares, with a 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 aforementioned, on June 30th, 2021, the share capital of the Span d.d. company was comprised of 1,960,000 shares of a nominal value of HRK 10.
Long-term liabilities of the Group on June 30th 2021 were comprised of liabilities totalling HRK 15,392 thousand (HRK 15,277 thousand of them relating to the Span d.d. company which bought out 27.14% of its own shares in 2019 from one of the company's members which were agreed to be repaid periodically by the end 2024), assets with a right of use (corresponding MSFI 16 part) totalling HRK 14,160 thousand, liabilities to banks of HRK 14,038 and deferred tax liabilities in the amount of HRK 1,855 thousand.
On June 30th, 2021, 64% of short-term liabilities related to liabilities towards suppliers and liabilities for advance payment (HRK 92,176 thousand). On the same day, liabilities for taxes, contributions and similar levies totalled 12% of total short-term liabilities (HRK 17,078 thousand), while 11% were related to bank liabilities (HRK 16,211 thousand). The remainder of short-term liabilities relate to assets with a right of use (corresponding MSFI 16 part), liabilities towards employees and other liabilities.
| Current liabilities and working capital of the Group Span Group |
Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/06/2021 | 31/12/2020 | 30/06/2021 |
| Current assets | 146.664 | 179.250 | 108.849 | 124.702 |
| Current liabilities | 136.358 | 156.808 | 107.232 | 114.045 |
| Working capital | 10.306 | 22.442 | 1.617 | 10.658 |
| Current liquidity ratio | 1,08 | 1,14 | 1,02 | 1,09 |
Working capital development follows the business activities and geographic business expansion. Current liquidity ratio did not change significantly.
| Net debt | Span Group | Span d.d. | |||
|---|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/06/2021 | 31/12/2020 | 30/06/2021 | |
| Short-term and long-term bank loans | 46.930 | 30.249 | 45.749 | 29.147 | |
| Cash and cash equivalents | 29.585 | 25.748 | 16.032 | 14.214 | |
| Net debt | 17.345 | 4.501 | 29.717 | 14.933 | |
| Total equity | 55.524 | 62.254 | 59.993 | 64.545 | |
| Net debt and total equity ratio | 31,2% | 7,2% | 49,5% | 23,1% |
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – JUNE 2021
16
Indebtedness indicators of the Group show a significant drop in Indebtedness of the Group in 2021 when compared to 2020.
| Span Group | Span d.d. | ||||
|---|---|---|---|---|---|
| In thousands of HRK | 30/06/2020 | 30/06/2021 | 30/06/2020 | 30/06/2021 | |
| Net cash from operating activities | 25.167 | 20.696 | 19.607 | 22.321 | |
| Net cash used in investment activities | -916 | -1.712 | -594 | -1.379 | |
| Net cash used in financial activities | -5.636 | -22.821 | 1.240 | -22.760 | |
| Net increase / decrease in cash and cash equivalents |
18.615 | -3.837 | 20.253 | -1.818 |
During the period observed, the Group and Span d.d. achieved positive cashflows from operating activities. Net cash from operating activities of the Group decreased during the period observed of 2021, mainly as a consequence of the increased expenditures for inventories procurement which were sold and charged in the following period.
During the period observed of 2021, both Span Group and Span d.d. achieved negative cash flow from financial activities due to greater loan repayments, borrowings and lease obligations in relation to their receipt, thereby reducing indebtedness towards them.
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| in HRK | |||
|---|---|---|---|
| Submitter: Span d.d. | |||
| Item | ADP | Same period | Current |
| code | of the previous year |
period | |
| 1 | 2 | 3 | 4 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 320.141.451 | 392.120.381 |
| 1 Income from sales with undertakings within the group | 002 | ||
| 2 Income from sales (outside group) | 003 | 318.226.950 | 390.666.273 |
| 3 Income from the use of own products, goods and services | 004 | ||
| 4 Other operating income with undertakings within the group | 005 | ||
| 5 Other operating income (outside the group) | 006 | 1.914.501 | 1.454.108 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 318.715.433 | 383.982.813 | |
| 007 | |||
| 1 Changes in inventories of work in progress and finished goods | 008 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 250.048.184 | 307.348.582 |
| a) Costs of raw materials and consumables | 010 | 1.213.565 | 1.309.557 |
| b) Costs of goods sold | 011 | 227.658.978 | 270.669.688 |
| c) Other external costs | 012 | 21.175.641 35.369.337 | |
| 3 Staff costs (ADP 014 to 016) | 013 | 57.460.886 64.759.488 | |
| a) Net salaries and wages | 014 | 35.707.583 40.315.162 | |
| b) Tax and contributions from salary costs | 015 | 16.212.701 18.272.385 | |
| c) Contributions on salaries | 016 | 5.540.602 | 6.171.941 |
| 4 Depreciation | 017 | 7.018.103 | 7.185.786 |
| 5 Other costs | 018 | 4.185.818 | 4.637.030 |
| 6 Value adjustments (ADP 020+021) | 019 | 2.442 | 51.927 |
| a) fixed assets other than financial assets | 020 | ||
| b) current assets other than financial assets | 021 | 2.442 | 51.927 |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | ||
| b) Provisions for tax liabilities | 024 | ||
| c) Provisions for ongoing legal cases | 025 | ||
| d) Provisions for renewal of natural resources | 026 | ||
| e) Provisions for warranty obligations | 027 | ||
| f) Other provisions | 028 | ||
| 8 Other operating expenses | 029 | ||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 3.274.831 | 3.837.339 |
| 1 Income from investments in holdings (shares) of undertakings within | 031 | ||
| the group 2 Income from investments in holdings (shares) of companies linked by |
032 | ||
| virtue of participating interests 3 Income from other long-term financial investment and loans granted to |
|||
| undertakings within the group 4 Other interest income from operations with undertakings within the |
033 | ||
| group | 034 | ||
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | ||
| 6 Income from other long-term financial investments and loans | 036 | ||
| 7 Other interest income | 037 | 321.133 | 356.822 |
| 8 Exchange rate differences and other financial income | 038 | 2.953.698 | 3.480.517 |
| 9 Unrealised gains (income) from financial assets | 039 | ||
| 10 Other financial income | 040 | ||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 3.042.694 | 2.870.123 |
| 1 Interest expenses and similar expenses with undertakings within the | 042 | ||
| group 2 Exchange rate differences and other expenses from operations with |
|||
| undertakings within the group | 043 | ||
| 3 Interest expenses and similar expenses | 044 | 1.040.650 | 875.675 |
| 4 Exchange rate differences and other expenses | 045 | 2.002.044 | 1.955.133 |
| 5 Unrealised losses (expenses) from financial assets | 046 | ||
| 6 Value adjustments of financial assets (net) | 047 | ||
| 7 Other financial expenses | 048 | 39.315 | |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | ||
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | ||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST |
051 | ||
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 323.416.282 | 395.957.720 |
|---|---|---|---|
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) |
054 | 321.758.127 | 386.852.936 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 1.658.155 | 9.104.784 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 1.658.155 | 9.104.784 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 |
| XII INCOME TAX | 058 | 208.741 | 1.686.830 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 1.449.414 | 7.417.954 |
| 1 Profit for the period (ADP 055-059) | 060 | 1.449.414 | 7.417.954 |
| 2 Loss for the period (ADP 059-055) | 061 | 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 |
| 1 Pre-tax profit from discontinued operations | 063 | ||
| 2 Pre-tax loss on discontinued operations | 064 | ||
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | ||
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | ||
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | ||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) 1 Pre-tax profit (ADP 068) |
068 | ||
| 2 Pre-tax loss (ADP 068) | 069 | ||
| XVII INCOME TAX (ADP 058+065) | 070 | ||
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 071 | ||
| 1 Profit for the period (ADP 068-071) | 072 073 |
||
| 2 Loss for the period (ADP 071-068) | 074 | ||
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 1.449.414 | 7.417.954 |
| 1 Attributable to owners of the parent | 076 | 2.054.563 | 7.902.050 |
| 2 Attributable to minority (non-controlling) interest | 077 | -605.149 | -484.096 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 1.449.414 | 7.417.954 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX | |||
| (ADP 80+ 87) | 079 | -474.254 | 884.038 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | ||
| 2 Gains or losses from subsequent measurement of equity instruments at | |||
| fair value through other comprehensive income | 082 | ||
| 3 Fair value changes of financial liabilities at fair value through statement | 083 | ||
| of profit or loss, attributable to changes in their credit risk 4 Actuarial gains/losses on the defined benefit obligation |
084 | ||
| 5 Other items that will not be reclassified | 085 | ||
| 6 Income tax relating to items that will not be reclassified | 086 | ||
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | -474.254 | 884.038 |
| 1 Exchange rate differences from translation of foreign operations | 088 | -474.254 | 884.038 |
| 2 Gains or losses from subsequent measurement of debt securities at fair | |||
| value through other comprehensive income | 089 | ||
| 3 Profit or loss arising from effective cash flow hedging | 090 | ||
| 4 Profit or loss arising from effective hedge of a net investment in a | 091 | ||
| foreign operation 5 Share in other comprehensive income/loss of companies linked by virtue |
|||
| of participating interests | 092 | ||
| 6 Changes in fair value of the time value of option | 093 | ||
| 7 Changes in fair value of forward elements of forward contracts | 094 | ||
| 8 Other items that may be reclassified to profit or loss | 095 | ||
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | ||
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
097 | -474.254 | 884.038 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 975.160 | 8.301.992 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) |
|||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 975.160 | 8.301.992 |
| 1 Attributable to owners of the parent | 100 | 1.580.309 | 8.786.088 |
| 2 Attributable to minority (non-controlling) interest | 101 | -605.149 | -484.096 |
PARTICIPATING INTEREST
VIII SHARE IN LOSS OF JOINT VENTURES
20
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 | ||
| B) FIXED ASSETS (ADP 003+010+020+031+036) I INTANGIBLE ASSETS (ADP 004 to 009) |
002 003 |
82.749.498 85.257.172 29.448.387 27.389.140 |
|
| 1 Research and development | 004 | 8.852.685 | 6.924.764 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 790.024 | 941.085 |
| 3 Goodwill | 006 | 19.757.707 19.475.320 | |
| 4 Advances for the purchase of intangible assets | 007 | ||
| 5 Intangible assets in preparation 6 Other intangible assets |
008 009 |
47.971 | 47.971 |
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 42.874.624 48.090.440 | |
| 1 Land | 011 | 9.414.613 | 9.414.613 |
| 2 Buildings | 012 | 20.679.674 26.101.961 | |
| 3 Plant and equipment | 013 | 2.580.825 | 2.925.293 |
| 4 Tools, working inventory and transportation assets | 014 | 10.199.512 | 9.648.573 |
| 5 Biological assets | 015 | ||
| 6 Advances for the purchase of tangible assets | 016 | ||
| 7 Tangible assets in preparation | 017 | ||
| 8 Other tangible assets 9 Investment property |
018 | ||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 019 020 |
1.914.201 | 1.768.972 |
| 1 Investments in holdings (shares) of undertakings within the group | |||
| 021 | |||
| 2 Investments in other securities of undertakings within the group 3 Loans, deposits, etc. to undertakings within the group |
022 | ||
| 4. Investments in holdings (shares) of companies linked by virtue of | 023 | ||
| participating interests | 024 | ||
| 5 Investment in other securities of companies linked by virtue of participating interests |
025 | ||
| 6 Loans, deposits etc. to companies linked by virtue of participating | 026 | ||
| interests 7 Investments in securities |
|||
| 8 Loans, deposits, etc. given | 027 028 |
1.365.443 | 1.220.214 |
| 9 Other investments accounted for using the equity method | 029 | 0 | |
| 10 Other fixed financial assets | 030 | 548.758 | 548.758 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 12.277 |
| 1 Receivables from undertakings within the group | 032 | ||
| 2 Receivables from companies linked by virtue of participating interests | 033 | ||
| 3 Customer receivables | 034 | ||
| 4 Other receivables | 035 | 14.479 | 12.277 |
| V DEFERRED TAX ASSETS | 036 | 8.497.807 | 7.996.343 |
| C) CURRENT ASSETS (ADP 038+046+053+063) I INVENTORIES (ADP 039 to 045) |
037 | 128.401.723 520.356 |
164.151.952 7.933.201 |
| 1 Raw materials and consumables | 038 039 |
||
| 2 Production in progress | 040 | ||
| 3 Finished goods | 041 | ||
| 4 Merchandise | 042 | 520.356 | 7.933.201 |
| 5 Advances for inventories | 043 | ||
| 6 Fixed assets held for sale 7 Biological assets |
044 | ||
| II RECEIVABLES (ADP 047 to 052) | 045 046 |
98.239.340 | 130.470.607 |
| 1 Receivables from undertakings within the group | 047 | ||
| 2 Receivables from companies linked by virtue of participating interests | 048 | ||
| 3 Customer receivables | 049 | 95.371.237 | 124.307.321 |
| 4 Receivables from employees and members of the undertaking | 050 | 0 | |
| 5 Receivables from government and other institutions | 051 | 1.011.809 | 1.681.489 |
| 6 Other receivables | 052 | 1.856.294 | 4.481.797 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 56.903 | 0 |
| 1 Investments in holdings (shares) of undertakings within the group | 054 | ||
| 2 Investments in other securities of undertakings within the group | 055 | ||
| 3 Loans, deposits, etc. to undertakings within the group 4 Investments in holdings (shares) of companies linked by virtue of |
056 | ||
| participating interests | 057 | ||
| 5 Investment in other securities of companies linked by virtue of participating interests |
058 | ||
| 6 Loans, deposits etc. to companies linked by virtue of participating | 059 | ||
| interests 7 Investments in securities |
060 | ||
| 8 Loans, deposits, etc. given | 061 | 56.903 | |
| 9 Other financial assets | 062 |
| IV CASH AT BANK AND IN HAND | 063 | 29.585.124 25.748.144 | |
|---|---|---|---|
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 18.261.836 15.097.760 | |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 229.413.057 | 264.506.884 |
| OFF-BALANCE SHEET ITEMS | 066 | ||
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 55.524.425 62.254.092 | |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 19.600.000 | |
| II CAPITAL RESERVES | 069 | ||
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.476.501 | 8.913.545 |
| 1 Legal reserves | 071 | 8.476.501 | 8.913.545 |
| 2 Reserves for treasury shares | 072 | 28.400.000 27.725.000 | |
| 3 Treasury shares and holdings (deductible item) | 073 | -28.400.000 | -27.725.000 |
| 4 Statutory reserves | 074 | 0 | |
| 5 Other reserves | 075 | ||
| IV REVALUATION RESERVES | 076 | 8.451.348 | 8.451.348 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | -564.855 | 319.183 |
| 1 Financial assets at fair value through other comprehensive income | |||
| (i.e. available for sale) | 078 | ||
| 2 Cash flow hedge - effective portion | 079 | ||
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | ||
| 4 Other fair value reserves | 081 | ||
| 5 Exchange differences arising from the translation of foreign | 082 | -564.855 | 319.183 |
| operations (consolidation) | |||
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 10.714.624 16.536.397 | |
| 1 Retained profit | 084 | 10.714.624 16.536.397 | |
| 2 Loss brought forward | 085 | ||
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 7.797.697 | 7.902.050 |
| 1 Profit for the business year | 087 | 7.797.697 | 7.902.050 |
| 2 Loss for the business year | 088 | ||
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 1.049.110 | 531.569 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | ||
| 2 Provisions for tax liabilities | 092 | ||
| 3 Provisions for ongoing legal cases | 093 | ||
| 4 Provisions for renewal of natural resources | 094 | ||
| 5 Provisions for warranty obligations | 095 | ||
| 6 Other provisions | 096 | ||
| C) LONG-TERM LIABILITIES (ADP 098 to 108) 1 Liabilities to undertakings within the group |
097 | 37.530.907 45.445.249 | |
| 098 | |||
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | ||
| 3 Liabilities to companies linked by virtue of participating interests | 100 | ||
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
101 | ||
| 5 Liabilities for loans, deposits etc. | 102 | ||
| 6 Liabilities to banks and other financial institutions | 103 | 14.113.159 14.037.696 | |
| 7 Liabilities for advance payments | 104 | 0 | |
| 8 Liabilities to suppliers | 105 | 0 | |
| 9 Liabilities for securities | 106 | 0 | |
| 10 Other long-term liabilities | 107 | 21.562.574 29.552.379 | |
| 11 Deferred tax liability | 108 | 1.855.174 | 1.855.174 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 122.469.347 | 144.647.477 |
| 1 Liabilities to undertakings within the group | 110 | ||
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | ||
| 3 Liabilities to companies linked by virtue of participating interests | 112 | ||
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | ||
| 5 Liabilities for loans, deposits etc. | 114 | ||
| 6 Liabilities to banks and other financial institutions | 115 | 32.816.585 16.211.030 | |
| 7 Liabilities for advance payments | 116 | 1.731.828 | 3.184.609 |
| 8 Liabilities to suppliers | 117 | 46.590.540 88.991.071 | |
| 9 Liabilities for securities | 118 | 0 | |
| 10 Liabilities to employees | 119 | 8.162.820 | 6.506.727 |
| 11 Taxes, contributions and similar liabilities | 120 | 12.170.542 17.077.690 | |
| 12 Liabilities arising from the share in the result | 121 | 0 | |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | |
| 14 Other short-term liabilities | 123 | 20.997.032 12.676.350 | |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 13.888.378 12.160.066 | |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) G) OFF-BALANCE SHEET ITEMS |
125 126 |
229.413.057 | 264.506.884 |
| Submitter: Span d.d. | in HRK | ||
|---|---|---|---|
| Same period of | |||
| Item | ADP | the previous | Current |
| code | year | period | |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | 1.658.155 | 9.104.784 |
| 2 Adjustments (ADP 003 to 010): | 002 | 7.096.586 | 8.868.050 |
| a) Depreciation | 003 | 7.018.103 | 7.185.786 |
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
004 | -149.190 | -32.789 |
| c) Gains and losses from sale and unrealised gains and losses and | 005 | ||
| value adjustment of financial assets | 0 | 0 | |
| d) Interest and dividend income e) Interest expenses |
006 007 |
-321.133 | -356.822 |
| f) Provisions | 008 | 1.040.650 0 |
875.675 0 |
| g) Exchange rate differences (unrealised) | 009 | -491.844 | 909.492 |
| h) Other adjustments for non-cash transactions and unrealised gains | 010 | 0 | 286.708 |
| and losses I Cash flow increase or decrease before changes in working capital |
|||
| (ADP 001+002) | 011 | 8.754.741 | 17.972.834 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 18.589.795 | 4.546.021 |
| a) Increase or decrease in short-term liabilities | 013 | 122.484.751 | 41.861.461 |
| b) Increase or decrease in short-term receivables | 014 | -102.253.585 -31.338.359 | |
| c) Increase or decrease in inventories | 015 | -322.075 | -7.412.845 |
| d) Other increase or decrease in working capital II Cash from operations (ADP 011+012) |
016 | -1.319.296 | 1.435.764 |
| 4 Interest paid | 017 018 |
27.344.536 -1.124.051 |
22.518.855 -929.580 |
| 5 Income tax paid | 019 | -1.053.285 | -892.908 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 25.167.200 | 20.696.367 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 221.369 | 89.653 |
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 |
| 3 Interest received | 023 | 0 | 0 |
| 4 Dividends received | 024 | 0 | 0 |
| 5 Cash receipts from repayment of loans and deposits 6 Other cash receipts from investment activities |
025 | 0 | 0 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 026 027 |
0 221.369 |
0 89.653 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1.137.177 | -1.771.660 |
| 2 Cash payments for the acquisition of financial instruments | |||
| 3 Cash payments for loans and deposits for the period | 029 030 |
0 0 |
0 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0 | -30.000 |
| 5 Other cash payments from investment activities | 032 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1.137.177 | -1.801.660 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -915.808 | -1.712.007 |
| 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 | 036 | 0 | 0 |
| financial instruments 3 Cash receipts from credit principals, loans and other borrowings |
037 | 57.792.971 | 35.693.501 |
| 4 Other cash receipts from financing activities | 038 | 339.221 | 359.024 |
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 58.132.192 | 36.052.525 |
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -51.532.402 -54.314.998 | |
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 |
| 3 Cash payments for finance lease | 042 | -17.107 | -18.187 |
| 4 Cash payments for the redemption of own shares and decrease in initial | 043 | -1.516.805 | -2.033.202 |
| (subscribed) capital 5 Other cash payments from financing activities |
044 | -10.702.253 | -968.598 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -63.768.567 -58.873.865 | |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -5.636.375 -22.821.340 | |
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | ||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP | |||
| 020+034+046+047) | 048 | 18.615.017 | -3.836.980 |
| 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 | 050 | 34.278.930 | 25.748.144 |
| 048+049) |
| ######## to |
######## | in HRK | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial | Reserves for | Treasury shares and |
Attributable to owners of the parent Fair value of financial assets through |
Cash flow | Hedge of a net investment in |
Other fair | Exchange rate differences |
Retained | Profit/loss | Total | Minority (non controlling) |
Total capital | |||||||
| code | (subscribed) capital |
Capital reserves |
Legal reserves |
treasury shares |
holdings (deductible item) |
Statutory reserves |
Other reserves |
Revaluation reserves |
other comprehensi ve income (available for sale) |
hedge - effective portion |
a foreign operation - effective portion |
value reserves |
from translation of foreign operations |
profit / loss brought forward |
for the business year |
attributable to owners of the parent |
interest | and reserves | |
| 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) |
19 | 20 (18+19) | |
| 01 | 19.600.000 | 0 8.493.578 28.400.000 28.400.000 | 0 | 8.906.078 | 0 | 0 | 0 | 201.163 10.718.400 | -475.583 47.443.636 1.424.766 48.868.402 | ||||||||||
| 02 03 |
0 0 |
0 0 |
|||||||||||||||||
| 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 | |||||||||
| 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 7.797.697 7.797.697 | -345.656 7.452.041 | ||||||
| 06 07 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 | 0 -454.730 |
0 0 |
0 0 |
0 0 |
-766.018 | 0 | 0 | -766.018 -454.730 |
-766.018 -454.730 |
|||
| 08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 13 14 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 0 |
|||||||||||
| 15 | 0 | 0 | |||||||||||||||||
| 16 | 0 | 0 | |||||||||||||||||
| 17 | 0 | 0 | |||||||||||||||||
| 18 | 0 | 0 | |||||||||||||||||
| 19 | 0 | 0 | |||||||||||||||||
| 20 | 0 | 0 | |||||||||||||||||
| 21 22 |
-197.286 180.209 |
652.016 -655.792 |
475.583 | 454.730 0 |
-30.000 | 424.730 0 |
|||||||||||||
| 23 | 0 | 0 | |||||||||||||||||
| 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 | ||||||||||
| 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | -766.018 | 0 | 0 -1.220.748 | 0 -1.220.748 | |||
| 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | -766.018 | 0 7.797.697 6.576.949 | -345.656 6.231.293 | ||||
| 27 | 0 | 0 | -17.077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.776 | 475.583 | 454.730 | -30.000 | 424.730 | |
| 28 | 19.600.000 | 8.476.501 28.400.000 28.400.000 | 8.451.348 | -564.855 10.714.624 7.797.697 54.475.315 1.049.110 55.524.425 | |||||||||||||||
| 29 30 |
0 0 |
0 0 |
|||||||||||||||||
| 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 | ||||||||||
| 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 7.902.050 7.902.050 | -484.096 7.417.954 | ||||||
| 33 34 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 | 0 | 0 0 |
0 0 |
0 0 |
884.038 | 0 | 0 | 884.038 0 |
884.038 0 |
|||
| 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||
| 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
|||||||||||
| 40 41 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | |||||||||||
| 42 | 0 | 0 | |||||||||||||||||
| 43 | 0 | 0 | |||||||||||||||||
| 44 | 0 | 0 | |||||||||||||||||
| 45 | -675.000 | -675.000 | 0 | 0 | |||||||||||||||
| 46 47 |
-1.538.880 | 0 -1.538.880 |
0 -1.538.880 |
||||||||||||||||
| 48 | 0 | 0 | -33.445 | -33.445 | |||||||||||||||
| 49 50 |
437.044 | 7.360.653 -7.797.697 | 0 0 |
0 0 |
|||||||||||||||
| 51 | 19.600.000 | 0 8.913.545 27.725.000 27.725.000 | 0 | 0 8.451.348 | 0 | 0 | 0 | 0 | 319.183 16.536.397 7.902.050 61.722.523 | 531.569 62.254.092 | |||||||||
| 52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 884.038 | 0 | 0 | 884.038 | 0 | 884.038 | |
| 53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 884.038 | 0 7.902.050 8.786.088 | -484.096 8.301.992 | ||||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED | 54 | 0 | 0 | 437.044 | -675.000 | -675.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 5.821.773 -7.797.697 -1.538.880 | -33.445 -1.572.325 |
STATEMENT OF CHANGES IN EQUITY for the period from Span Group 01/01/2021 30/06/2021
| Attributable to owners of the parent | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fair value of | |||||||||||||||||||
| Treasury | financial assets |
Hedge of a net |
Exchange rate | ||||||||||||||||
| Item | ADP | Initial | Reserves for | shares and | through | Cash flow | investment in | Other fair | differences | Retained | Profit/loss | Total | Minority (non controlling) |
Total capital | |||||
| code | (subscribed) | Capital reserves |
Legal reserves |
treasury | holdings | Statutory reserves |
Other reserves |
Revaluation reserves |
other | hedge - effective |
a foreign | value | from translation of |
profit / loss brought |
for the | attributable to owners of |
interest | and reserves | |
| capital | shares | (deductible item) |
comprehensi ve income |
portion | operation - effective |
reserves | foreign | forward | business year | the parent | |||||||||
| (available for | portion | operations | |||||||||||||||||
| sale) | |||||||||||||||||||
| 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 | 8.906.078 | 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 | ||||||||||||||||
| 3 Correction of errors | 03 | 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 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 | -766.018 | 0 | 0 | -766.018 | -766.018 | |||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets 8 Gains or losses from subsequent measurement of financial assets at fair value through other |
07 | 0 | 0 | 0 | 0 | 0 | 0 0 |
-454.730 | 0 | 0 | 0 | -454.730 | -454.730 | ||||||
| comprehensive income (available for sale) | 08 | 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 | |||||||
| 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 | |||||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
| interests 12 Actuarial gains/losses on the defined benefit obligation |
12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | ||||||||||||||||
| 14 Tax on transactions recognised directly in equity | 14 | 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 | ||||||||||||||||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 16 | 0 | 0 | ||||||||||||||||
| procedure | |||||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | ||||||||||||||||
| 19 Payments from members/shareholders | 19 | 0 | 0 | ||||||||||||||||
| 20 Payment of share in profit/dividend | 20 | 0 | 0 | ||||||||||||||||
| 21 Other distributions and payments to members/shareholders | 21 | -197.286 | 652.016 | 454.730 | -30.000 | 424.730 | |||||||||||||
| 22 Transfer to reserves according to the annual schedule | 22 | 180.209 | -655.792 | 475.583 | 0 | 0 | |||||||||||||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 | ||||||||||||||||
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) |
24 | 19.600.000 | 0 8.476.501 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 | |||||||||
| 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 |
-454.730 | 0 | 0 | 0 | 0 | -766.018 | 0 | 0 -1.220.748 | 0 -1.220.748 | |||
| (ADP 06 to 14) | |||||||||||||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) | 26 | 0 | 0 | 0 | 0 | 0 | 0 0 |
-454.730 | 0 | 0 | 0 | 0 | -766.018 | 0 7.797.697 6.576.949 | -345.656 6.231.293 | ||||
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) |
27 | 0 | 0 | -17.077 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | -3.776 | 475.583 | 454.730 | -30.000 | 424.730 | |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year | 28 | 19.600.000 | 8.476.501 28.400.000 28.400.000 | 8.451.348 | -564.855 10.714.624 7.797.697 54.475.315 1.049.110 55.524.425 | ||||||||||||||
| 2 Changes in accounting policies | 29 | 0 | 0 | ||||||||||||||||
| 3 Correction of errors | 30 | 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 7.902.050 7.902.050 | -484.096 7.417.954 | ||||||
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 884.038 | 0 | 0 | 884.038 | 884.038 | |||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | |||||||
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other | 35 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | |||||||
| comprehensive income (available for sale) 9 Profit or loss arising from effective cash flow hedge |
36 | 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 | 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 | 37 | ||||||||||||||||||
| interests | 38 | 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 | ||||||||||
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | ||||||||||||||||
| 14 Tax on transactions recognised directly in equity | 41 | 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 | ||||||||||||||||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 43 | 0 | 0 | ||||||||||||||||
| procedure | |||||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings | 45 | -675.000 | -675.000 | 0 | 0 | ||||||||||||||
| 19 Payments from members/shareholders | 46 | 0 | 0 | ||||||||||||||||
| 20 Payment of share in profit/dividend | 47 | -1.538.880 | -1.538.880 | -1.538.880 | |||||||||||||||
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 0 | -33.445 | -33.445 | ||||||||||||||
| 22 Carryforward per annual plan | 49 | 437.044 | 7.360.653 -7.797.697 | 0 | 0 | ||||||||||||||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | ||||||||||||||||
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 19.600.000 | 0 8.913.545 27.725.000 27.725.000 | 0 | 0 8.451.348 | 0 | 0 | 0 | 0 | 319.183 16.536.397 7.902.050 61.722.523 | 531.569 62.254.092 | ||||||||
| 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 | 52 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 884.038 | 0 | 0 | 884.038 | 0 | 884.038 | |
| (ADP 33 to 41) | |||||||||||||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED |
53 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 884.038 | 0 7.902.050 8.786.088 | -484.096 8.301.992 | ||||
| DIRECTLY IN EQUITY (ADP 42 to 50) | 54 | 0 | 0 | 437.044 | -675.000 | -675.000 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 5.821.773 -7.797.697 -1.538.880 | -33.445 -1.572.325 |
| in HRK | |||
|---|---|---|---|
| Submitter: Span d.d. | |||
| ADP | Same period | Current | |
| Item | code | of the | period |
| previous year | |||
| 1 | 2 | 3 | 4 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 198.308.794 | 263.337.925 |
| 1 Income from sales with undertakings within the group | 002 | 59.711.119 72.729.510 | |
| 2 Income from sales (outside group) | 003 | 137.503.528 | 189.281.877 |
| 3 Income from the use of own products, goods and services | 004 | ||
| 4 Other operating income with undertakings within the group | 005 | 245.074 | 252.272 |
| 5 Other operating income (outside the group) | 006 | 849.073 | 1.074.266 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 198.392.506 | 255.756.650 |
| 1 Changes in inventories of work in progress and finished goods | 008 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 144.504.622 | 193.879.221 |
| a) Costs of raw materials and consumables | 996.547 | 1.052.072 | |
| b) Costs of goods sold | 010 | 127.558.119 | 167.526.531 |
| 011 | |||
| c) Other external costs | 012 | 15.949.956 25.300.618 | |
| 3 Staff costs (ADP 014 to 016) | 013 | 44.431.265 51.646.942 | |
| a) Net salaries and wages | 014 | 26.234.566 30.679.531 | |
| b) Tax and contributions from salary costs | 015 | 13.399.171 15.414.531 | |
| c) Contributions on salaries | 016 | 4.797.528 | 5.552.880 |
| 4 Depreciation | 017 | 6.284.173 | 6.543.733 |
| 5 Other costs | 018 | 3.170.004 | 3.634.827 |
| 6 Value adjustments (ADP 020+021) | 019 | 2.442 | 51.927 |
| a) fixed assets other than financial assets | 020 | ||
| b) current assets other than financial assets | 021 | 2.442 | 51.927 |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | ||
| b) Provisions for tax liabilities | 024 | ||
| c) Provisions for ongoing legal cases | 025 | ||
| d) Provisions for renewal of natural resources | 026 | ||
| e) Provisions for warranty obligations | 027 | ||
| f) Other provisions | 028 | ||
| 8 Other operating expenses | 029 | ||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 2.050.096 | 2.258.418 |
| 1 Income from investments in holdings (shares) of undertakings within | |||
| the group | 031 | ||
| 2 Income from investments in holdings (shares) of companies linked by | 032 | ||
| virtue of participating interests 3 Income from other long-term financial investment and loans granted to |
|||
| undertakings within the group | 033 | ||
| 4 Other interest income from operations with undertakings within the group |
034 | ||
| 5 Exchange rate differences and other financial income from operations | 035 | ||
| with undertakings within the group 6 Income from other long-term financial investments and loans |
036 | ||
| 7 Other interest income | |||
| 8 Exchange rate differences and other financial income | 037 | 55.999 | 248.690 |
| 038 | 1.994.097 | 2.009.728 | |
| 9 Unrealised gains (income) from financial assets 10 Other financial income |
039 | ||
| 040 | |||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 2.046.653 | 2.574.908 |
| 1 Interest expenses and similar expenses with undertakings within the group |
042 | ||
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
043 | ||
| 3 Interest expenses and similar expenses | 044 | 1.029.100 | 770.878 |
| 4 Exchange rate differences and other expenses | 045 | 1.017.553 | 1.804.030 |
| 5 Unrealised losses (expenses) from financial assets | |||
| 6 Value adjustments of financial assets (net) | 046 | ||
| 047 | |||
| 7 Other financial expenses V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF |
048 | ||
| PARTICIPATING INTERESTS | 049 | ||
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | ||
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF | 051 | ||
| PARTICIPATING INTEREST | |||
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 200.358.890 | 265.596.343 |
|---|---|---|---|
| TOTAL EXPENDITURE (ADP 007+041+051 + 052) X |
054 | 200.439.159 | 258.331.558 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | -80.269 | 7.264.785 |
| 1 Pre-tax profit (ADP 053-054) | |||
| 2 Pre-tax loss (ADP 054-053) | 056 | 0 | 7.264.785 |
| 057 | -80.269 | 0 | |
| XII INCOME TAX | 058 | 1.173.936 | |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | -80.269 | 6.090.849 |
| 1 Profit for the period (ADP 055-059) | 060 | 0 | 6.090.849 |
| 2 Loss for the period (ADP 059-055) | 061 | -80.269 | 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 |
| 1 Pre-tax profit from discontinued operations | 063 | ||
| 2 Pre-tax loss on discontinued operations | 064 | ||
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | ||
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | ||
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | ||
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | -80.269 | 7.264.785 |
| 1 Pre-tax profit (ADP 068) | 069 | 7.264.785 | |
| 2 Pre-tax loss (ADP 068) | 070 | 80.269 | |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 1.173.936 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | -80.269 | 6.090.849 |
| 1 Profit for the period (ADP 068-071) | 073 | 6.090.849 | |
| 2 Loss for the period (ADP 071-068) | 074 | 80.269 | |
| 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 |
| 1 Attributable to owners of the parent | 076 | ||
| 2 Attributable to minority (non-controlling) interest | 077 | ||
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||
| 078 | -80.269 | 6.090.849 | |
| I PROFIT OR LOSS FOR THE PERIOD | |||
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX | 079 | 0 | 0 |
| (ADP 80+ 87) III Items that will not be reclassified to profit or loss (ADP 081 to 085) |
080 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | ||
| 2 Gains or losses from subsequent measurement of equity instruments at | 082 | ||
| fair value through other comprehensive income 3 Fair value changes of financial liabilities at fair value through statement |
|||
| of profit or loss, attributable to changes in their credit risk | 083 | ||
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | ||
| 5 Other items that will not be reclassified | 085 | ||
| 6 Income tax relating to items that will not be reclassified | 086 | ||
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 |
| 1 Exchange rate differences from translation of foreign operations | |||
| 2 Gains or losses from subsequent measurement of debt securities at fair | 088 | ||
| value through other comprehensive income | 089 | ||
| 3 Profit or loss arising from effective cash flow hedging | 090 | ||
| 4 Profit or loss arising from effective hedge of a net investment in a | 091 | ||
| foreign operation 5 Share in other comprehensive income/loss of companies linked by virtue |
092 | ||
| of participating interests | |||
| 6 Changes in fair value of the time value of option | 093 | ||
| 7 Changes in fair value of forward elements of forward contracts | 094 | ||
| 8 Other items that may be reclassified to profit or loss | 095 | ||
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | ||
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
097 | 0 | 0 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | -80.269 | 6.090.849 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) |
|||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 0 | 0 |
| 1 Attributable to owners of the parent | 100 | ||
| 2 Attributable to minority (non-controlling) interest | 101 |
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 | ||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 95.907.178 99.218.067 | |
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 18.870.991 17.786.371 | |
| 1 Research and development | 004 | 7.892.219 | 6.510.878 |
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 198.167 | 494.888 |
| 3 Goodwill | 006 | 10.780.605 10.780.605 | |
| 4 Advances for the purchase of intangible assets | 007 | ||
| 5 Intangible assets in preparation | 008 | ||
| 6 Other intangible assets II TANGIBLE ASSETS (ADP 011 to 019) |
009 | ||
| 1 Land | 010 011 |
41.705.424 46.616.558 9.414.613 |
9.414.613 |
| 2 Buildings | 012 | 20.679.674 26.101.961 | |
| 3 Plant and equipment | 013 | 3.244.510 | 3.574.433 |
| 4 Tools, working inventory and transportation assets | 014 | 8.366.627 | 7.525.551 |
| 5 Biological assets | 015 | ||
| 6 Advances for the purchase of tangible assets | 016 | ||
| 7 Tangible assets in preparation | 017 | ||
| 8 Other tangible assets | 018 | ||
| 9 Investment property | 019 | ||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 27.413.819 27.420.502 | |
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 26.986.187 27.029.781 | |
| 2 Investments in other securities of undertakings within the group | 022 | ||
| 3 Loans, deposits, etc. to undertakings within the group | 023 | ||
| 4. Investments in holdings (shares) of companies linked by virtue of | 024 | ||
| participating interests 5 Investment in other securities of companies linked by virtue of |
|||
| participating interests | 025 | ||
| 6 Loans, deposits etc. to companies linked by virtue of participating | 026 | ||
| interests 7 Investments in securities |
027 | ||
| 8 Loans, deposits, etc. given | 028 | 316.927 | 280.016 |
| 9 Other investments accounted for using the equity method | 029 | ||
| 10 Other fixed financial assets | 030 | 110.705 | 110.705 |
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 12.277 |
| 1 Receivables from undertakings within the group | 032 | ||
| 2 Receivables from companies linked by virtue of participating interests | 033 | ||
| 3 Customer receivables | 034 | ||
| 4 Other receivables | 035 | 14.479 | 12.277 |
| V DEFERRED TAX ASSETS | 036 | 7.902.465 | 7.382.359 |
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 94.465.630 | 119.600.809 |
| I INVENTORIES (ADP 039 to 045) | 038 | 126.567 | 335.928 |
| 1 Raw materials and consumables 2 Production in progress |
039 | ||
| 3 Finished goods | 040 041 |
||
| 4 Merchandise | 042 | 126.567 | 335.928 |
| 5 Advances for inventories | 043 | ||
| 6 Fixed assets held for sale | 044 | ||
| 7 Biological assets | 045 | ||
| II RECEIVABLES (ADP 047 to 052) | 046 | 77.706.864 | 104.901.188 |
| 1 Receivables from undertakings within the group | 047 | 7.138.724 19.858.018 | |
| 2 Receivables from companies linked by virtue of participating interests | 048 | ||
| 3 Customer receivables | 049 | 68.928.495 81.373.763 | |
| 4 Receivables from employees and members of the undertaking | 050 | ||
| 5 Receivables from government and other institutions | 051 | 872.233 | 664.620 |
| 6 Other receivables | 052 | 767.412 | 3.004.787 |
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 600.000 | 150.000 |
| 1 Investments in holdings (shares) of undertakings within the group | 054 | ||
| 2 Investments in other securities of undertakings within the group | 055 | ||
| 3 Loans, deposits, etc. to undertakings within the group 4 Investments in holdings (shares) of companies linked by virtue of |
056 | 600.000 | 150.000 |
| participating interests | 057 | ||
| 5 Investment in other securities of companies linked by virtue of | 058 | ||
| participating interests 6 Loans, deposits etc. to companies linked by virtue of participating |
|||
| interests | 059 |
| interests | |||
|---|---|---|---|
| 7 Investments in securities | 060 | ||
| 8 Loans, deposits, etc. given | 061 | ||
| 9 Other financial assets | 062 | ||
| IV CASH AT BANK AND IN HAND | 063 | 16.032.199 14.213.693 | |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 14.383.096 | 5.101.618 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 204.755.904 | 223.920.494 |
| OFF-BALANCE SHEET ITEMS | 066 | ||
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089) | 067 | 59.993.425 64.545.394 | |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 19.600.000 | |
| II CAPITAL RESERVES | 069 | ||
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.072.428 | 8.397.209 |
| 1 Legal reserves | 071 | 8.072.428 | 8.397.209 |
| 2 Reserves for treasury shares | 072 | 28.000.000 27.325.000 | |
| 3 Treasury shares and holdings (deductible item) | 073 | -28.000.000 | -27.325.000 |
| 4 Statutory reserves | 0 | ||
| 5 Other reserves | 074 | ||
| IV REVALUATION RESERVES | 075 | ||
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 076 | 8.451.348 | 8.451.348 |
| 1 Financial assets at fair value through other comprehensive income | 077 | 0 | 0 |
| (i.e. available for sale) | 078 | ||
| 2 Cash flow hedge - effective portion | 079 | ||
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | ||
| 4 Other fair value reserves | 081 | ||
| 5 Exchange differences arising from the translation of foreign operations (consolidation) |
082 | ||
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | |||
| 083 | 17.374.032 22.005.988 | ||
| 1 Retained profit | 084 | 17.374.032 22.005.988 | |
| 2 Loss brought forward | 085 | ||
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 6.495.617 | 6.090.849 |
| 1 Profit for the business year | 087 | 6.495.617 | 6.090.849 |
| 2 Loss for the business year | 088 | ||
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | ||
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | ||
| 2 Provisions for tax liabilities | 092 | ||
| 3 Provisions for ongoing legal cases | |||
| 4 Provisions for renewal of natural resources | 093 | ||
| 5 Provisions for warranty obligations | 094 | ||
| 095 | |||
| 6 Other provisions | 096 | ||
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 37.530.906 45.330.377 | |
| 1 Liabilities to undertakings within the group | 098 | ||
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | ||
| 3 Liabilities to companies linked by virtue of participating interests | 100 | ||
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 101 | ||
| participating interests | |||
| 5 Liabilities for loans, deposits etc. | 102 | ||
| 6 Liabilities to banks and other financial institutions | 103 | 14.160.824 14.037.696 | |
| 7 Liabilities for advance payments | 104 | ||
| 8 Liabilities to suppliers | 105 | ||
| 9 Liabilities for securities | 106 | ||
| 10 Other long-term liabilities | 107 | 21.514.908 29.437.507 | |
| 11 Deferred tax liability | 108 | 1.855.174 | 1.855.174 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 99.678.310 | 109.480.303 |
| 1 Liabilities to undertakings within the group | 110 | 1.747.942 | 458.805 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | ||
| 3 Liabilities to companies linked by virtue of participating interests | 112 | ||
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of | 113 | ||
| participating interests 5 Liabilities for loans, deposits etc. |
114 | ||
| 6 Liabilities to banks and other financial institutions | |||
| 7 Liabilities for advance payments | 115 | 31.588.420 15.109.233 | |
| 8 Liabilities to suppliers | 116 | 515.039 | 368.256 35.889.863 67.369.417 |
| 9 Liabilities for securities | 117 | ||
| 10 Liabilities to employees | 118 | ||
| 11 Taxes, contributions and similar liabilities | 119 | 5.422.895 | 5.368.470 |
| 12 Liabilities arising from the share in the result | 120 | 7.865.956 | 9.577.507 |
| 13 Liabilities arising from fixed assets held for sale | 121 | ||
| 122 | |||
| 14 Other short-term liabilities | 123 | 16.648.195 11.228.615 | |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 7.553.263 | 4.564.420 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 204.755.904 | 223.920.494 |
| G) OFF-BALANCE SHEET ITEMS | 126 |
| Submitter: Span d.d. | in HRK | ||
|---|---|---|---|
| Item | ADP | Same period of the |
Current |
| code | previous year | period | |
| 1 | 2 | 3 | 4 |
| Cash flow from operating activities | |||
| 1 Pre-tax profit | 001 | -80.269 | 7.264.785 |
| 2 Adjustments (ADP 003 to 010): | 002 | 6.961.160 | 6.867.535 |
| a) Depreciation | |||
| b) Gains and losses from sale and value adjustment of fixed tangible | 003 | 6.284.173 | 6.543.733 |
| and intangible assets | 004 | -148.633 | -32.789 |
| c) Gains and losses from sale and unrealised gains and losses and | 005 | 0 | 0 |
| value adjustment of financial assets d) Interest and dividend income |
006 | -55.999 | -248.690 |
| e) Interest expenses | 007 | 1.032.896 | 770.878 |
| f) Provisions | 008 | 0 | 0 |
| g) Exchange rate differences (unrealised) | 009 | -151.277 | -165.597 |
| h) Other adjustments for non-cash transactions and unrealised gains | 010 | 0 | 0 |
| and losses I Cash flow increase or decrease before changes in working capital |
|||
| (ADP 001+002) | 011 | 6.880.891 | 14.132.320 |
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 14.504.274 | 9.372.089 |
| a) Increase or decrease in short-term liabilities | 013 | 50.712.089 | 30.126.648 |
| b) Increase or decrease in short-term receivables | 014 | -47.431.958 -26.837.833 | |
| c) Increase or decrease in inventories | 015 | 200.754 | -209.361 |
| d) Other increase or decrease in working capital | 016 | 11.023.389 | 6.292.635 |
| II Cash from operations (ADP 011+012) | 017 | 21.385.165 | 23.504.409 |
| 4 Interest paid | 018 | -1.124.051 | -827.315 |
| 5 Income tax paid | 019 | -654.251 | -356.489 |
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 19.606.863 | 22.320.605 |
| Cash flow from investment activities | |||
| 1 Cash receipts from sales of fixed tangible and intangible assets 2 Cash receipts from sales of financial instruments |
021 | 217.049 | 96.210 |
| 3 Interest received | 022 023 |
0 0 |
0 0 |
| 4 Dividends received | 024 | 0 | 0 |
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 |
| 6 Other cash receipts from investment activities | 026 | 0 | 0 |
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 217.049 | 96.210 |
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -781.142 | -1.475.306 |
| 2 Cash payments for the acquisition of financial instruments | 029 | ||
| 3 Cash payments for loans and deposits for the period | 030 | 0 0 |
0 0 |
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -30.000 | 0 |
| 5 Other cash payments from investment activities | 032 | 0 | 0 |
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -811.142 | -1.475.306 |
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -594.093 | -1.379.096 |
| 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 | 036 | 0 | 0 |
| financial instruments | |||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 57.366.217 | 34.256.411 |
| 4 Other cash receipts from financing activities V Total cash receipts from financing activities (ADP 035 to 038) |
038 | 56.450 | 320.892 |
| 1 Cash payments for the repayment of credit principals, loans and other | 039 | 57.422.667 | 34.577.303 |
| borrowings and debt financial instruments | 040 | -52.179.934 -52.668.302 | |
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 |
| 3 Cash payments for finance lease | 042 | -17.107 | -18.187 |
| 4 Cash payments for the redemption of own shares and decrease in initial (subscribed) capital |
043 | -1.516.805 | -2.033.202 |
| 5 Other cash payments from financing activities | 044 | -2.468.102 | -1.078.747 |
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -56.181.948 -57.337.318 | |
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | 1.240.719 -22.760.015 | |
| 1 Unrealised exchange rate differences in respect of cash and cash | 047 | ||
| equivalents | |||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | 20.253.489 | -1.818.506 |
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 1.878.486 | 16.032.199 |
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP | |||
| 048+049) | 050 | 22.131.975 | 14.213.693 |
| for the period from ######## to |
######## | in HRK | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Fair value of | |||||||||||||||||||
| financial | Hedge of a | Exchange rate | |||||||||||||||||
| ADP | Initial | Reserves for | Treasury shares and |
assets through |
Cash flow | net investment in |
Other fair | differences | Retained | Profit/loss | Total | Minority (non | Total capital | ||||||
| Item | code | (subscribed) | Capital | Legal | treasury | holdings | Statutory | Other | Revaluation | other | hedge - | a foreign | value | from | profit / loss | for the | attributable | controlling) | and reserves |
| capital | reserves | reserves | shares | (deductible | reserves | reserves | reserves | comprehensi | effective | operation - | reserves | translation of | brought | business year | to owners of | interest | |||
| item) | ve income | portion | effective | foreign operations |
forward | the parent | |||||||||||||
| (available for | portion | ||||||||||||||||||
| sale) | |||||||||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) |
19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 19.600.000 | 7.984.631 28.000.000 28.000.000 | 8.906.078 | 12.495.376 3.172.483 52.158.568 | 52.158.568 | |||||||||||||
| 2 Changes in accounting policies | 02 | 0 | 0 | ||||||||||||||||
| 3 Correction of errors | 03 | 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 6.495.617 6.495.617 | 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 | |||||
| 7 Changes in revaluation reserves of fixed tangible and intangible assets 8 Gains or losses from subsequent measurement of financial assets at fair value through other |
07 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | |||||||
| comprehensive income (available for sale) | 08 | 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 | |||||||
| 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 | ||||||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
11 | 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 | |||||||||||
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | ||||||||||||||||
| 14 Tax on transactions recognised directly in equity | 14 | 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 | ||||||||||||||||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | |||||||||||||||||||
| procedure | 16 | 0 | 0 | ||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | ||||||||||||||||
| 19 Payments from members/shareholders | 19 | 0 | 0 | ||||||||||||||||
| 20 Payment of share in profit/dividend | 20 | 0 | 0 | ||||||||||||||||
| 21 Other distributions and payments to members/shareholders | 21 | -92.412 | -454.730 | 1.886.382 | 1.339.240 | 1.339.240 | |||||||||||||
| 22 Transfer to reserves according to the annual schedule | 22 | 180.209 | 2.992.274 -3.172.483 | 0 | 0 | ||||||||||||||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 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 | 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 | |||||
| DIRECTLY IN EQUITY (ADP 15 to 23) | |||||||||||||||||||
| 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 | 59.993.425 | ||||||||
| 2 Changes in accounting policies | 29 | 0 | 0 | ||||||||||||||||
| 3 Correction of errors | 30 | 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 6.090.849 6.090.849 | 6.090.849 | ||||||
| 6 Exchange rate differences from translation of foreign operations | 33 | 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 8 Gains or losses from subsequent measurement of financial assets at fair value through other |
34 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | |||||||
| comprehensive income (available for sale) | 35 | 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 | |||||||
| 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 | |||||||
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating | |||||||||||||||||||
| interests | 38 | 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 | |||||||||||
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | ||||||||||||||||
| 14 Tax on transactions recognised directly in equity | 41 | 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 | ||||||||||||||||
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement | 43 | 0 | 0 | ||||||||||||||||
| procedure | |||||||||||||||||||
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | ||||||||||||||||
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | ||||||||||||||||
| 19 Payments from members/shareholders | 46 | 0 | 0 | ||||||||||||||||
| 20 Payment of share in profit/dividend | 47 | -1.538.880 | -1.538.880 | -1.538.880 | |||||||||||||||
| 21 Other distributions and payments to members/shareholders | 48 | -675.000 | -675.000 | 0 | 0 | ||||||||||||||
| 22 Carryforward per annual plan | 49 | 324.781 | 6.170.836 -6.495.617 | 0 | 0 | ||||||||||||||
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | ||||||||||||||||
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 19.600.000 | 0 8.397.209 27.325.000 27.325.000 | 0 | 0 8.451.348 | 0 | 0 | 0 | 0 | 0 22.005.988 6.090.849 64.545.394 | 0 64.545.394 | ||||||||
| 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 | 52 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| (ADP 33 to 41) | |||||||||||||||||||
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) | 53 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 6.090.849 6.090.849 | 0 6.090.849 | ||||
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED | 54 | 0 | 0 | 324.781 | -675.000 | -675.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 4.631.956 -6.495.617 -1.538.880 | 0 -1.538.880 | ||||
| DIRECTLY IN EQUITY (ADP 42 to 50) |
| Total | Minority (non | Total capital |
|---|---|---|
| attributable to owners of the parent |
controlling) interest |
and reserves |
| + 8 to 17) | 19 | 20 (18+19) |
.
| Issuer name: | Span d.d |
|---|---|
| Address: | Koturaška cesta 47, 10000 Zagreb |
| OIB: | 19680551758 |
| MBS: | 080192242 |
| Reporting period: | January 1st – June 30th 2021 |
Notes to the financial statements for the semi-annual periods are included in the Unaudited Financial Statements of Span Group and Span d.d. for the first six months of 2021, available on the 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 8,369 thousand, debentures in the amount of HRK 68,826 thousand (of which HRK 3,023 thousand for affiliated companies) and bills of exchange in the amount of HRK 38,978 thousand.
The average number of employees of the Span Group in the period from 1 January 2021 to 30 June 2021 was 524. The average number of employees of Span d.d. in the period from 1 January 2021 to 30 June 2021 was 425.
Deferred tax assets of Span d.d. at 31 December 2020 amounts to HRK 8,498 thousand. The decrease in the amount of HRK 520 thousand in the reporting period relates to the recognition of deferred tax assets based on tax relief obtained through Ministry of the Economy, Entrepreneurship and Crafts' Support.
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%, i.e HRK 1.016 thousand, the amount of total capital and reserves of Trilix d.o.o. amounts to HRK 1,693 thousand, and the loss in the business year 2020 amounts to HRK 1,308 thousand. The amount of capital that Span d.d. holds in Bonsai d.o.o. amounts to 70%, or HRK 568 thousand, the amount of total capital and reserves of Bonsai d.o.o. amounts to HRK 811 thousand, and the profit in the business year 2020 amounts to HRK 114 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 and SPAN SWISS AG Zurich.
In spite of the COVID-19 pandemic, the Group continued to operate with positive results in 2021 and no significant changes to business activities are expected during 2021.
The General Assembly of the issuer reached a Decision on May 24th 2021 on the listing of all shares of the issuer - a total of 1,960,000 common issuer registered shares, each with a nominal value of HRK 10.00, which are registered with SKDD in non-material form under the securities symbol SPAN-R-A and ISIN symbol HRSPANRA0007 (hereinafter: "Shares") on the regulated market of the Zagreb Stock Exchange, Zagreb (hereinafter: "Zagreb Stock Exchange").
On May 27th, 2021, the Company Board reached a Decision to sell its own shares through a public offering, which stipulated that the company would carry out an Offer to sell all 578,200 offered shares, which on the Prospectus date had the status of shares owned by the issuer.
In accordance with the decision to sell its own shares through a public offering, the company offered its offered shares on September 2nd, 2021, in two rounds which started, continued and concluded during the same time. In the first round of its offer, the offered shares were offered for sale exclusively to employees, with conditions stipulated in item 6.3.1.4. of the Prospectus5 . In the second round of its offer, the offered shares were offered for sale to all other Investors, in other words natural or legal persons, which are Small investors or Qualified investors, with conditions stipulated in item 6.3.1.4. of the Prospectus.
A total of 871 small investors, of which 861 were natural persons and 10 legal persons, showed an interest in as many as 229,300 shares. Each individual small investor could buy no more than 19,600 of offered shares, while for qualified investors - pension funds, insurance companies, banks and investment funds no limit was set on the number of shares they could buy through the public offer, and they showed an interest in 508,186 shares.
Considering that the interest of investors exceeded the number of offered shares, the total number of shares bought by all investors was determined in accordance with the Allocation Rules6, and based on the structure of sold shares after allocation, qualified investors attained 323,152 shares (55.9% of offered shares), small investors attained 206,048 shares (35.6% of offered shares) and Span employees attained 49,000 shares (8.5% of offered shares).
5 https://www.span.eu/hr/media/prospekt/
6 https://www.span.eu/hr/media/pravila-alokacije/
The financial statements of Span d.d. and Span Group for the period from January 1st to June 30th, 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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