Interim / Quarterly Report • Oct 29, 2021
Interim / Quarterly Report
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Unaudited Financial Statements of Span Group and Span d.d.
JANUARY – SEPTEMBER 2021
| 1. | Management Interim R eport– Management Report |
3 |
|---|---|---|
| 1.1. | Statement by Antonija Kapović, Management Board Member, | |
| HR Director | 4 | |
| 1.2. | Listing of shares on the official market of the Zagreb | |
| Stock Exchange | 5 | |
| 1.2.1. Public offering | 5 | |
| 1.2.2. Ownersh ip structure |
6 | |
| 1.2.3. Share | 6 | |
| 1.3. | Opening an office in Moldova | 7 |
| 1.4. | HR initiatives | 8 |
| 2. | Financial indicators for nine months of 2021 |
10 |
| 2.1. | Operating revenue, EBITDA , and net profit of Span Group |
11 |
| 2.2. | Operating revenue, EBITDA , and net profit of Span d.d. |
11 |
| 2.3. | Key features of the period – nine months of 2021 | 12 |
| 2.4. | Revenues by segments | 14 |
| 2.5. | Revenues by geography | 15 |
| 2.6. | Balance Sheet | 16 |
| 2.7. | Cash flow | 18 |
| 3. | Financial statements of Span Group and Span d.d. |
20 |
| 4. | Notes | 33 |
| 4.1. | Notes accompanying financial statements - TFI | 33 |
| 5. | Statement on responsibility for compiling on |
|
| a report in the observed period |
34 |
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – SEPTEMBER 2021
Management Interim Report – Management Report
Our employees are the greatest value of Span. Together with the leading people in the company, they have contributed to the growth of Span for almost three decades and shared that feeling of success of the company they have created themselves and made a small IT giant on a global level. We operate on all populated continents in more than 100 countries, and it is the invisible hand of our employees that is credited for the successful operation of a number of reputable domestic and foreign companies. To be able to proceed at the same pace in the future, we intend to continue to invest in attracting, educating, developing and motivating our employees through a series of HR initiatives.
Therefore, for our IPO on the Zagreb stock exchange, we decided to offer to our employees, the people who have built Span
as it is today together with us, the opportunity to be the first to buy shares. In this way, we gave a share in the ownership of the company into the safe and reliable hands of those who know Span from the inside and share our passion and know how the company breathes. By including the employees in the ownership structure, we want to ensure alignment of the long-term business goals of Span and the employees and achieve a positive impact on motivation and employee retention, the latter being the greatest challenge facing IT companies these days.
To make everything move forward smoothly, the internal ESOP team took care of the employees' positive experience ensuring that everybody was informed timely, in a clear and understandable manner, about their rights and obligations related to ESOP, while looking after transparency along with confidentiality of information and ensuring that all the necessary steps were taken in the premises of Span during the working hours. We paid special attention to internal communication towards the employees, which included coordination by a team of experts and online education of employees about shareholding so that they were able to make an informed decision concerning investment in our company and any other company that is worth being invested in.
Our employees' response exceeded all our expectations. More than a half of them bought shares of Span and were thus included in the ESOP three-year program that enables the acquisition of additional 25% shares over three years (5% following the first year, 10% following the second year, and 10% following the third year), and the whole process as it went on got the highest praises of all internal and external participants. The trust placed in us by our employees is a reflection of their allegiance and loyalty and guarantee for stability and long-term care for our users, partners and other shareholders.
―――――― ―――――― ―――――― ――――――
Antonija Kapović Management Board Member, HR Director at Span d.d.
Nine months of 2021 were dominated by preparations for listing the shares of the company on the official market of the Zagreb Stock Exchange. For this transaction, Span hired Zagrebačka banka as an Offering and Listing Agent, whereas the legal advisers for the transaction were two law offices, Praljak & Svić as a Legal Adviser of the Company and Mamić Perić Reberski Rimac as a Legal Adviser of the Offering and Listing Agent.
After the General Assembly of the company on May 24th, 2021, adopted Decision on listing all 1,960,000 shares on the regulated market of the Zagreb Stock Exchange and the Management Board on May 27th, 2021, adopted Decision of sale of 578,200 own shares by public offering, the Croatian Financial Services Supervisory Agency (HANFA) approved the "Prospectus regarding the public offering and listing of shares on the regulated market" ("Prospectus") on July 8th, 2021.
During July and September, the company organized several presentations to investors, and the official start of the Public offering on September 2nd, 2021 took place in two rounds, which started, took place and ended concurrently. In the first round of the Public offering, shares were offered for sale only to Employees (the ESOP program)1 , and in the second round, shares were offered for sale to all other Investors, i.e. to any natural person or legal entity that was a Small Investor or a Qualified Investor2.
Through the Public offering that lasted until September 6th, 2021, Span d.d. sold all of its offered 578,200 own treasury shares (29.5 %) at the maximum price of 175 HRK (of the offered range 160 HRK– 175 HRK). Interest shown by all investors was significantly higher than the offered number of shares:
Therefore, the company applied its adopted Allocation Rules3 , after which the structure of the sold shares was as follows:
The ownership structure of Span was strengthened by more than 1,000 new shareholders, which concurrently achieved a balanced shareholding structure in small investors and employees as well as qualified investors. With the shareholding structure balanced in such a way, the company is entering a new developmental phase of operation, and it intends to use the collected funds from the Public offering in the amount of 101,185,000.00 HRK for4:
On September 21st, 2021 the Zagreb Stock Exchange and SPAN d.d. signed an agreement on listing the shares of SPAN d.d. on the official market of the Zagreb Stock Exchange. The company listed all of its 1,960,000 ordinary shares (including the Offered shares), of an individual nominal value of 10.00 HRK, which are registered at the Central Depository and Clearing Company d.d. (SKDD)-in a non-material form under:
4 In line with point 6.1.4. of the Prospectus (https://www.span.eu/hr/media/prospekt/)
A price of 218 HRK was reached on the first day of trading, September 23rd, 2021, which was an increase of almost 25% compared to the price of a share of 175 HRK during IPO. In the following days of the observed period, a share was traded at the price above 200 HRK, and the achieved turnover of the shares in the period from the start of trading to September 30th, 2021 was 9,388,246.00 HRK.
Having in mind the successful Initial Public Offering and the start of trading on the Zagreb Stock Exchange, the area of our international development was no less productive. In line with our strategy of expansion to East European and Central Asian markets, we opened another Span office – this time in Moldova, During July, another member of the group - Span-IT s.r.l. with the registered office in Chișinău, the Moldovan capital, was officially registered.
Moldova is a market somewhat smaller than the Croatian one. However, it boasts a strategy for more aggressive inclusion into the Western and European integration and a highly developed level of digitalization of the society. Moldova also has exceptionally performing and professional staff (moreover, most Moldovan IT professionals speak at least one foreign language, in addition to Romanian and Russian ), which gives an even higher level of IT maturity to the whole market.
The information and communication technology (ICT) is one of the most promising economic sectors and given its significant contribution to GDP of more than 10 % , it is one of the priority development sectors for the Moldovan government . Incentives offered by innovative legislation on a virtual IT park (a uniform sales tax of 7% ,) have significantly encouraged development of that sector where we see potentials for application of our unique services and solutions in the areas of cloud and security technologies.
5 Moldova - Information and Communication Technology (trade.gov)
6 02020\_ICT overview Brochure (ENG).pdf (gov.md)
7 Moldova - Information and Communication Technology (trade.gov)
8 ICT - Invest Moldova Agency (gov.md)
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – SEPTEMBER 2021
8
Even before the office opening, Span signed its first contract in the banking sector. Following this opening, we are moving to gain market share through new Microsoft licensing agreements and new projects. Actually, Moldova is one more territory for which Microsoft has granted us authorization for licensing large users (so called LSP status), and supported by our Ukrainian and Zagreb's centres, we keep on expanding our operation in the region through the Moldova's office.
Nowadays, the demand for competent experts in the IT industry is accentuated more than ever before. Our industry is experiencing a great boost; therefore, it is important to start gathering on time people who will devise smart solutions and create new values together with us. The work of the company does not stop by employing new employees. It is important to make employees happy and enable them to grow continually. Therefore, this year again, we have continued to employ our key HR initiatives and have introduced some new ones.
To be able to start creating new experts, we nourish partnerships and cooperation with leading technical universities and polytechnic schools (such as Faculty of Electrical Engineering and Computing, Zagreb University of Applied Sciences, Faculty of Organization and Informatics, Faculty of Science, Algebra, University of Applied Sciences Velika Gorica and others), which offer us access to superb young technical talents that we recruit for our specific intensive summer practice program – Span Academy. Through this program, students acquire valuable experience in work with actual IT projects under the attentive eye of their assigned mentors, all seasoned IT professionals. Since the start of the program in 2015, more than 150 students have attended it and more than a half of those who performed best got an offer for continuation of their career at Span. This year's Span Academy was attended by 28 students, and it was marked with the introduction of lectures and drills in the area of cyber security as a key strategic determinant of Span.
In the past few years, we have actively worked on our own employer branding and today, we are ranked as one of the most desirable employers in the branch, which is testified by high ratings in social media and job portals as well as our entry into the top 20 employer list for software engineers this year9. This year, we have launched our new project Spanoptic – a specialised technological podcast through which we promote our technical experts within the IT community, and we also use it as a tool for appealing to experienced IT experts to Span. In this way, we also build the trust of our users, making them familiar with experts behind Span services and solutions.
Span TV, our own television that is a modern platform of internal communication intended for encouraging engagement and loyalty of employees is continuing a rising trend concerning viewing and satisfaction of employees. The internal communication issue is one of the most frequent challenges facing companies due to the fast-tracked growth, and we in Span recognized it on time, so this year we are recording a growth in the employees' satisfaction with the internal communication by as many as 10%.
Though, the employees' satisfaction has also been significantly impacted in the past year and a half by factors that are beyond control of a company – such as the pandemic that
9 https://www.netokracija.com/employer-branding-istrazivanje-hacking-hr-176997
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – SEPTEMBER 2021
9
affected us all. During the pandemic, HR has responded to the needs of the employees through a series of initiatives, so our survey of the working climate this year recorded increase in satisfaction in almost all assessed aspects. Certainly, the earthquake and the pandemic have still left traces; thus, our employees said they did not feel equally well as in previous surveys concerning the issue of their psychophysical health, the private and business life balance and quantity of stress.
Here, HR has shown its agility by launching the Fit Happens project – both team-based and individual challenge in summing up steps, through which we have shown that we care for the health and well-being of our employees, promoting healthy habits and physical activity. We have instigated distancing from the job and thus lowered the possibility for burnout occurrences. Besides, we have connected people from different teams, locations, countries and promoted diversity giving everybody equal chances for victory.
As a kind of a crown of that amusing, useful, and effective fitness story, and confirmation of the consistence of quality of our employee-oriented projects, Span has won the extraordinary third place for the second year in a row in a recently completed greatest regional HR conference – HR Days held in Rovinj. Fit Happens entered the first five amongst the registered 39 HR practices, and then, it was ranked among the best three HR practices for the current year in the voting of the audience. Thereby, we got confirmation that such a challenge is a simple, scalable HR practice, adjusted to the global context of the pandemic that can leave a strong impact on the satisfaction and well-being of employees in a very short time.
It is employee pulse survey and continuing care for the people on the personal and professional levels that greatly contributes to the extremely high satisfaction of our employees, and finally, their high rate of retention in the company, where we are distinguished as a role model in the IT sector.
2.2. Operating revenue, EBITDA and net profit of Span d.d.
| Span Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 1-9M 2020 | 1-9M 2021 | ∆% | Q3 2020 | Q3 2021 | ∆% | ||
| Total revenue | 432.114 | 587.447 | 36% | 111.972 | 195.327 | 74% | ||
| Operating revenue | 429.697 | 585.297 | 36% | 111.470 | 194.631 | 75% | ||
| Other revenue | 2.417 | 2.151 | -11% | 502 | 696 | 39% | ||
| Total costs | 415.029 | 560.072 | 35% | 103.334 | 183.327 | 77% | ||
| Costs of goods and services sold | 304.929 | 428.874 | 41% | 67.411 | 137.873 | 105% | ||
| Personnel expenses | 86.180 | 95.981 | 11% | 28.719 | 31.222 | 9% | ||
| Other business expenses | 23.920 | 35.218 | 47% | 7.204 | 14.233 | 98% | ||
| EBITDA before one-off items | 17.085 | 32.897 | 93% | 8.639 | 15.135 | 75% | ||
| One-off items | - | 5.522 | - | 3.136 | ||||
| EBITDA after one-off items | 17.085 | 27.375 | 60% | 8.639 | 12.000 | 39% | ||
| Depreciation | 10.616 | 10.678 | 1% | 3.596 | 3.441 | -4% | ||
| EBIT | 6.469 | 16.697 | 158% | 5.043 | 8.559 | 70% | ||
| Net financial result | (2.363) | 855 | 136% | (2.595) | (113) | 96% | ||
| Profit/loss before taxation before one-off items |
4.106 | 23.074 | 462% | 2.447 | 11.582 | 373% | ||
| Profit/loss before taxation after one-off items |
4.106 | 17.551 | 327% | 2.447 | 8.446 | 245% | ||
| Corporate tax | 315 | 2.501 | 694% | 106 | 814 | 665% | ||
| Profit/loss after taxation before one-off items |
3.790 | 20.572 | 443% | 2.341 | 10.768 | 360% | ||
| Profit/loss after taxation after one-off items |
3.790 | 15.050 | 297% | 2.341 | 7.632 | 226% |
| Span d.d. | ||||||
|---|---|---|---|---|---|---|
| In thousands of HRK | 1-9M 2020 | 1-9M 2021 | ∆% | Q3 2020 | Q3 2021 | ∆% |
| Total revenue | 284.263 | 408.068 | 44% | 85.954 | 144.730 | 68% |
| Operating revenue | 282.680 | 406.288 | 44% | 85.465 | 144.277 | 69% |
| Other revenue | 1.583 | 1.779 | 12% | 489 | 453 | -7% |
| Total costs | 268.819 | 385.330 | 43% | 76.714 | 136.169 | 78% |
| Costs of goods and services sold | 185.337 | 282.819 | 53% | 49.574 | 100.233 | 102% |
| Personnel expenses | 67.018 | 76.564 | 14% | 22.587 | 24.917 | 10% |
| Other business expenses | 16.464 | 25.946 | 58% | 4.553 | 11.019 | 142% |
| EBITDA before one-off items | 15.443 | 28.260 | 83% | 9.240 | 11.697 | 27% |
| One-off items | - | 5.522 | - | 3.136 | ||
| EBITDA after one-off items | 15.443 | 22.738 | 47% | 9.240 | 8.561 | -7% |
| Depreciation | 9.493 | 9.832 | 4% | 3.206 | 3.237 | 1% |
| EBIT | 5.951 | 12.906 | 117% | 6.035 | 5.324 | -12% |
| Net financial result | (1.217) | (659) | 46% | (1.221) | (342) | 72% |
| Profit/loss before taxation before one-off items |
4.734 | 17.769 | 275% | 4.814 | 8.117 | 69% |
| Profit/loss before taxation after one-off items |
4.734 | 12.247 | 159% | 4.814 | 4.982 | 3% |
| Corporate tax | - | 1.882 | 0% | - | 708 | 0% |
| Profit/loss after taxation before one-off items |
4.734 | 15.887 | 236% | 4.814 | 7.409 | 54% |
| Profit/loss after taxation after one-off items |
4.734 | 10.364 | 119% | 4.814 | 4.274 | -11% |
Total revenues of Span Group in three quarters increased by HRK 155,334 thousand, or 36%, compared to the same period of the prior year. The revenue increase stemmed from the operating revenues of Span Group, and it was recorded in all the segments. The highest absolute rise was recorded in revenues from Software Asset Management and Licensing, whereas other revenues from services with high added value, generated high rates of growth compared to the same period of the prior year.
In the same observed period, Span d.d. recorded an increase of revenues by HRK 123,805 thousand, compared to the same period of the prior year, or 44%, of which most was derived from the growth of operating revenues (HRK 123,608 thousand).
The expenses for goods and services sold related to direct costs, and they increased compared to the same period of the prior year due to increase of related revenue.
Personnel expenses of the Group during the observed period in 2021 increased by HRK 9,801 thousand, or 11%. The average number of employees in the Group in the monitored period of 2021 was 527 as opposed to the prior year when the average number of employees in the Group was 483.
Personnel expenses of Span d.d. in the observed period of 2021 increased by HRK 9,545 thousand, or 14%. The average number of employees in the company in the monitored period of 2021 was 427 as opposed to the prior year when the average number of employees in the company was 389. Most new employees are employed in the segments with high added value, that is in IT services from the business segments: Software Asset Management, Infrastructure Services (Cloud & Cyber Security), Service Center Management and Technical Support, as well as Software and Business Solutions Development.
Other operating expenses for Span Group increased by HRK 11,298 thousand, or 47%. The most significant increase arose from Span d.d. (HRK 9,482 thousand), and mostly related to expenses connected to the listing of Span d.d. on the Zagreb Stock Exchange (this excludes one-off items and other expenses related to the process of our listing on the stock exchange), along with expenses influenced by the increase of the number of employees.
EBITDA of Span Group before one-off items increased by HRK 15,812 thousand, or 93%, to HRK 32,897 thousand in the observed period.
In the same observed period, Span d.d. recorded increase of EBITDA before one-off items in the amount of HRK 12,817 thousand, to HRK 28,260 thousand, an 83% increase.
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 in the observed period increased by HRK 10,290 thousand, to HRK 27,375 thousand in 2021, by 60%.
In the same observed period, Span d.d. recorded an increase of EBITDA after one-off items by HRK 7,295 thousand in 2020, to HRK 22,738 thousand in 2021, an increase of 47%.
The EBITDA increase follows the increase of revenues and is generated from two sources: (1) growth of the total revenue where majority consists of the Software Asset Management and Licensing segment and (2) growth of the revenue from IT services with high added value, primarily in the Infrastructure Services, Cloud & Cyber Security, and Software and Business Solution Development.
In the observed period, profit after tax before one-off items of the Group increased by HRK 16,782 thousand, to HRK 20,572 thousand.
Span d.d. in the same period recorded an increase in Profit after tax before one-off items by HRK 11,153 thousand, to HRK 15,887 thousand.
In the observed period, profit after tax after one-off items of the Group increased by HRK 11,260 thousand, to HRK 15,050 thousand.
Span d.d. in the same observed period recorded an increase in Profit after tax after one-off items by HRK 5,631 thousand, to HRK 10,364 thousand.
Span Group generates revenues in the following segments:
In all stated segments, the Group and the company recorded a growth in relation to the observed period of the prior year.
Data on revenues from sales by segments of the Group and Span d.d. for the observed 2020 and 2021 periods is presented below:
| Span Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK 1-9M 2020 1-9M 2021 ∆% Q3 2020 Q3 2021 |
||||||||
| Total operating revenue | 429.697 | 585.297 | 36% | 111.470 | 194.631 | 75% | ||
| Software Asset Management and Licensing | 310.357 | 430.011 | 39% | 66.999 | 139.767 | 109% | ||
| Infrastructure Services, Cloud & Cyber Security | 39.421 | 57.807 | 47% | 14.695 | 20.128 | 37% | ||
| Service Center Management and Technical support | 60.135 | 69.753 | 16% | 22.433 | 25.767 | 15% | ||
| Software and Business Solution Development | 19.784 | 27.726 | 40% | 7.343 | 8.968 | 22% |
| Span d.d. | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 1-9M 2020 | 1-9M 2021 | ∆% | Q3 2020 | Q3 2021 | ∆% | ||
| Total operating revenue | 282.680 | 406.288 | 25% | 85.465 | 144.277 | 69% | ||
| Software Asset Management and Licensing | 182.177 | 276.544 | 52% | 48.707 | 97.806 | 101% | ||
| Infrastructure Services, Cloud & Cyber Security | 32.404 | 43.798 | 35% | 12.055 | 15.539 | 29% | ||
| Service Center Management and Technical support | 57.452 | 68.281 | 19% | 19.317 | 25.425 | 32% | ||
| Software and Business Solution Development | 10.648 | 17.665 | 66% | 5.386 | 5.508 | 2% |
Graph 1: Segment revenue contribution
1. Software Asset Management and Licensing. Revenue contribution of this segment in total operating revenues is the highest out of all four segments and was higher by 39% in the first three quarters of 2021, as opposed to the prior year. In the observed period of 2021, its share accounted to 73% compared to 2020 when they accounted for 72% in total operating revenues. A mild increase of the share of this segment in the current period, resulted from deviation from the standard pace of invoicing in 2020, which occurred due to the Covid-19 pandemic, so a part of the revenue was transferred to the last quarter, and this revenue was realised in the third quarter of 2021.
2. Infrastructure Services, Cloud & Cyber Security recorded a significant increase of 47% in the observed period of 2021 as opposed to 2020. The growth in this segment came from increase in the number of projects with the existing and new clients, and in 2021, in addition to Span d.d., it was most significantly contributed to by Span Ukraine, Span Slovenia, and Span Azerbaijan, by the expansion of the operation to those markets.
3. Service Center Management and Technical Support recorded continuing growth that was 16% in the observed period. This segment accounted for the highest share (45%) in the total revenues of the Group coming from IT services.
4. Software and Business Solution Development recorded a 40% increase in the observed period. The growth of this segment arose primarily from the focus on the expansion of platforms and development of our own software solutions, and on development of specific business solutions for individual key users, such as CRM, and automation and robotization of their business processes.
The geographic market in this context denotes the place where the goods or services were invoiced. 25% of the revenue in the observed period of 2021 related to the Croatian market, the most significant geographic market in the monitored period.
The most significant growth of revenues of the Group was noted on the UK market totalling HRK 46,004 thousand (137%). Additionally, revenue on the Croatian market grew by
HRK 40,172 thousand (38%), in Ukraine by HRK 25,236 thousand (24%), and in Slovenia by HRK 17,881 thousand (18%), which is in line with the Group's strategy oriented towards growth in the aforementioned markets.
34% of the revenues of Span d.d. is related to the Croatian market in the observed period of 2021. The company recorded the highest increase of revenues on the markets of the United Kingdom (HRK 46,004 thousand) and Croatia (HRK 41,837 thousand).
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/09/2021 | 31/12/2020 | 30/09/2021 |
| ASSETS | 229.413 | 333.446 | 204.756 | 291.457 |
| Fixed assets | 74.252 | 76.227 | 88.005 | 91.074 |
| Deferred tax assets | 8.498 | 7.757 | 7.902 | 7.122 |
| Current assets | 98.817 | 94.971 | 78.433 | 61.967 |
| Cash and cash equivalents | 29.585 | 131.856 | 16.032 | 111.026 |
| Prepaid expenses and accrued income | 18.262 | 22.635 | 14.383 | 20.268 |
| LIABILITIES | 229.413 | 333.446 | 204.756 | 291.457 |
| Equity and reserves | 55.524 | 170.770 | 59.993 | 170.004 |
| Long-term liabilities | 37.531 | 32.907 | 37.531 | 32.789 |
| Current liabilities | 122.469 | 114.075 | 99.678 | 81.320 |
| Accrued expenses and deferred revenue | 13.888 | 15.694 | 7.553 | 7.344 |
10 The 2020 financial statements can be found on the following link: https://investors.span.eu/SpanKGI20182020.pdf
23% of total Group assets comprises of fixed assets in 2021. Within the fixed assets, a significant part relates to tangible assets of the Group (HRK 46,527 thousand), comprised of buildings (HRK 24,835 thousand), land (HRK 9,415 thousand), and other tangible assets (HRK 12,277 thousand). The remaining part of the fixed assets consist of intangible assets (expenses for development, software and intellectual property rights, goodwill), and financial assets.
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 1-9M 2020 | 1-9M 2021 | 1-9M 2020 | 1-9M 2021 |
| Computer equipment and other equipment | 1.571 | 2.587 | 1.166 | 1.961 |
| Development expenses | 0 | 0 | 0 | 0 |
| Other intangible assets | 0 | 4 | 0 | 0 |
| Intangible assets in preparation | 0 | 1.349 | 0 | 1.349 |
| Investment in assets total | 1.571 | 3.940 | 1.166 | 3.310 |
Investments of Span Group in assets related to expenses for procurement and replacement of worn-out computer and other equipment required for the work of our employees. Investing in intangibles under construction relates to internally generated intangible assets that arise from the continuation of development of software available for further sales/use.
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 earnings which are likely to be achieved. When determining future taxable profits and the amount of taxable earnings which are likely to be achieved in the future, the Group judges and creates an estimate based on taxable profits from the previous years and the expected future earnings which are considered to be reasonable in existing circumstances.
The Group has 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 said support enables Span d.d. to be exempt from payment of the income tax in the duration from 2015. to 2025, to the amount of 50 % of the amount of the tax base.
Most part of the current assets of the Group in the observed period of 2021, includes cash in the amount of HRK 131,856 thousand and short-term receivables amounting to HRK 94,423 thousand.
On December 31st, 2020, the share capital of Span d.d. consisted of 196,000 shares with the nominal value of HRK 100 per share, and the Company also had 67,760 of own treasury shares. A reserve totalling HRK 28 million was created.
On May 24th, 2021, the General Assembly of Span d.d. adopted decision on splitting the shares in a manner that a share with the nominal value of HRK 100 was split into 10 Shares, each with the nominal value of HRK 10. The aforementioned decision on splitting issuer shares was registered in the court registry of the Commercial Court in Zagreb on May 25th, 2021.
In accordance with the above mentioned, on September 30th, 2021, the share capital of Span d.d. consisted of 1,960,000 shares with the nominal value of HRK 10.
Capital reserves amounted to HRK 95,403 thousand and were a result of the public offering of Span d.d. shares, occurring as difference between the nominal value of a share (HRK 10) and the final IPO price (HRK 175).
Long-term liabilities of the Group on September 30th, 2021, consisted of contracted liabilities amounting to HRK 12,321 thousand (out of which HRK 12,203 thousand related to Span d.d. which bought 27.14% of its own share from one of the company members during 2019, which were agreed to be repaid periodically by the end 2024), assets with the right to use (corresponding MSFI 16 part) in the amount of HRK 10,063 thousand, liabilities to banks HRK 8,668 thousand, and deferred tax liabilities in the amount of HRK 1,855 thousand.
On September 30th, 2021, 54% of short-term liabilities related to liabilities towards suppliers and liabilities for advance payments (HRK 61,762 thousand). On the same day, liabilities to banks amounted to 22% (HRK 25,105 thousand), and liabilities for taxes, contributions and similar levies to 6% of the total short-term liabilities (HRK 7,395 thousand). The remainder of short-term liabilities relates to assets with a right to use (corresponding MSFI 16 part), liabilities towards employees, and other liabilities.
| Current liabilities and working capital of the Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/09/2021 | 31/12/2020 | 30/09/2021 |
| Current assets | 146.664 | 249.461 | 108.849 | 193.261 |
| Current liabilities | 136.358 | 129.769 | 107.232 | 88.664 |
| Working capital | 10.306 | 119.692 | 1.617 | 104.597 |
| Current liquidity ratio | 1,08 | 1,92 | 1,02 | 2,18 |
Movement of the working capital was significantly influenced by inflow of proceeds from the public offering and additionally supported with the growth of business activities and the geographic expansion of operations. The doubled coefficient of the current liquidity points to the ability of the Group to settle its liabilities.
| Net debt | Span Group | Span d.d. | |||
|---|---|---|---|---|---|
| In thousands of HRK | 31/12/2020 | 30/09/2021 | 31/12/2020 | 30/09/2021 | |
| Short-term and long-term bank loans | 46.930 | 33.773 | 45.749 | 32.987 | |
| Cash and cash equivalents | 29.585 | 131.856 | 16.032 | 111.026 | |
| Net debt | 17.345 | (98.083) | 29.717 | (78.039) | |
| Total equity | 55.524 | 170.770 | 59.993 | 170.004 | |
| Net debt and total equity ratio | 31,2% | - | 49,5% | - |
In the observed period of 2021, the indicators of indebtedness of the Group pointed to a significant decline of indebtedness compared to 2020.
During three quarters of 2021, both the Group and Span d.d achieved positive cash flows from operating activities. Net cash made in the operating activities of the Group increased UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D / JANUARY – SEPTEMBER 2021
19
during the observed period of 2021, as a consequence of growth and expansion of operations. Positive cash flow from financial activities was based on inflow of funds from sale of the operating share through IPO.
| Span Group | Span d.d. | |||
|---|---|---|---|---|
| In thousands of HRK | 1-9M 2020 | 1-9M 2021 | 1-9M 2020 | 1-9M 2021 |
| Net cash from operating activities | 9.220 | 25.906 | 11.362 | 18.002 |
| Net cash used in investment activities | -1.325 | -3.779 | -972 | -3.460 |
| Net cash used in financial activities | -5.720 | 80.144 | -5.583 | 80.452 |
| Net increase / decrease in cash and cash equivalents |
2.175 | 102.271 | 4.806 | 94.994 |
20
| STATEMENT OF PROFIT OR LOSS for the period 01/01/2021 to 30/09/2021 |
|||||
|---|---|---|---|---|---|
| in HRK | |||||
| Submitter: Span d.d. | Same period of the previous year | Current period | |||
| Item | AOP code |
Cumulative | Quarter | Cumulative | Quarter |
| 1 | 2 | 3 | 4 | 5 | 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 432.113.724 | 111.972.273 | 587.447.455 | 195.327.074 |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 003 | 429.697.097 | 111.470.147 | 585.296.886 | 194.630.613 |
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 |
| 4 Other operating income with undertakings within the group | 005 | 0 | 0 | 0 | 0 |
| 5 Other operating income (outside the group) | 006 | 2.416.627 | 502.126 | 2.150.569 | 696.461 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 425.644.830 | 106.929.397 | 570.750.732 | 186.767.919 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 010 to 012) | 009 | 322.151.773 | 72.103.589 | 456.207.109 | 148.858.527 |
| a) Costs of raw materials and consumables | 010 | 1.845.466 | 631.901 | 2.858.540 | 1.548.983 |
| b) Costs of goods sold | 011 | 288.136.444 | 60.477.466 | 400.886.811 | 130.217.123 |
| c) Other external costs | 012 | 32.169.863 | 10.994.222 | 52.461.758 | 17.092.421 |
| 3 Staff costs (ADP 014 to 016) | 013 | 86.179.782 | 28.718.896 | 95.981.003 | 31.221.515 |
| a) Net salaries and wages | 014 | 53.481.810 | 17.774.227 | 60.269.523 | 19.954.361 |
| b) Tax and contributions from salary costs | 015 | 24.418.085 | 8.205.384 | 26.591.599 | 8.319.214 |
| c) Contributions on salaries | 016 | 8.279.887 | 2.739.285 | 9.119.881 | 2.947.940 |
| 4 Depreciation | 017 | 10.613.831 | 3.595.728 | 10.625.764 | 3.439.978 |
| 5 Other costs | 018 | 6.697.002 | 2.511.184 | 7.884.326 | 3.247.296 |
| 6 Value adjustments (ADP 020+021) | 019 | 2.442 | 0 | 52.530 | 603 |
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 |
| b) current assets other than financial assets | 021 | 2.442 | 0 | 52.530 | 603 |
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 0 | 0 |
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 |
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 |
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 |
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 |
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 |
| f) Other provisions | 028 | 0 | 0 | 0 | 0 |
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 |
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 3.978.092 | 703.261 | 4.758.046 | 920.707 |
| 1 Income from investments in holdings (shares) of undertakings within the group | 031 | 0 | 0 | 0 | 0 |
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
032 | 0 | 0 | 0 | 0 |
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
033 | 0 | 0 | 0 | 0 |
| 4 Other interest income from operations with undertakings within the group | 034 | 0 | 0 | 0 | 0 |
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 0 | 0 | 0 | 0 |
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 |
| 7 Other interest income | 037 | 501.707 | 180.574 | 453.651 | 96.829 |
| 8 Exchange rate differences and other financial income | 038 | 3.476.385 | 522.687 | 4.304.395 | 823.878 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 6.341.411 | 3.298.717 | 3.903.540 | 1.033.417 |
| 1 Interest expenses and similar expenses with undertakings within the group | 042 | 0 | 0 | 0 | 0 |
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
043 | 0 | 0 | 0 | 0 |
| 3 Interest expenses and similar expenses | 044 | 1.458.369 | 417.719 | 1.267.637 | 391.962 |
| 4 Exchange rate differences and other expenses | 045 | 4.883.042 | 2.880.998 | 2.596.588 | 641.455 |
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 |
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 |
| 7 Other financial expenses | 048 | 0 | 0 | 39.315 | 0 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 436.091.816 | 112.675.534 | 592.205.501 | 196.247.781 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 431.986.241 | 110.228.114 | 574.654.272 | 187.801.336 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 4.105.575 | 2.447.420 | 17.551.229 | 8.446.445 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 4.105.575 | 2.447.420 | 17.551.229 | 8.446.445 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 |
| XII INCOME TAX | 058 | 315.127 | 106.386 | 2.501.110 | 814.280 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 3.790.448 | 2.341.034 | 15.050.119 | 7.632.165 |
| 1 Profit for the period (ADP 055-059) | 060 | 3.790.448 | 2.341.034 | 15.050.119 | 7.632.165 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064) | 062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 3.790.448 | 2.341.034 | 15.050.119 | 7.632.165 |
| 1 Attributable to owners of the parent | 076 | 4.677.912 | 2.623.349 | 15.153.697 | 7.251.647 |
| 2 Attributable to minority (non-controlling) interest | 077 | -887.464 | -282.315 | -103.578 | 380.518 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 3.790.448 | 2.341.034 | 15.050.119 | 7.632.165 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | -394.359 | 79.895 | 582.843 | -301.195 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income |
082 | 0 | 0 | 0 | 0 |
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | -394.359 | 79.895 | 582.843 | -301.195 |
| 1 Exchange rate differences from translation of foreign operations | 088 | -394.359 | 79.895 | 582.843 | -301.195 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation | 091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | 0 | 0 | 0 | 0 |
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) | 097 | -394.359 | 79.895 | 582.843 | -301.195 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 3.396.089 | 2.420.929 | 15.632.962 | 7.330.970 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 3.396.089 | 2.420.929 | 15.632.962 | 7.330.970 |
| 1 Attributable to owners of the parent | 100 | 4.283.553 | 2.703.244 | 15.736.540 | 6.950.452 |
| 2 Attributable to minority (non-controlling) interest | 101 | -887.464 | -282.315 | -103.578 | 380.518 |
| BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|
| balance as at 30/09/2021 | |||||||
| in HRK | |||||||
| Submitter: Span d.d. | |||||||
| Item | ADP code |
Last day of the preceding business year |
At the reporting date of the current period |
||||
| 1 | 2 | 3 | 4 | ||||
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | ||||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 82.749.498 | 83.984.420 | ||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 29.448.387 | 27.961.029 | ||||
| 1 Research and development | 004 | 8.852.685 | 6.223.944 | ||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 790.024 | 880.402 | ||||
| 3 Goodwill | 006 | 19.757.707 | 19.460.212 | ||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | ||||
| 5 Intangible assets in preparation | 008 | 47.971 | 1.396.471 | ||||
| 6 Other intangible assets | 009 | 0 | 0 | ||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 42.874.624 | 46.527.012 | ||||
| 1 Land | 011 | 9.414.613 | 9.414.613 | ||||
| 2 Buildings | 012 | 20.679.674 | 24.835.154 | ||||
| 3 Plant and equipment | 013 | 2.580.825 | 2.872.753 | ||||
| 4 Tools, working inventory and transportation assets | 014 | 10.199.512 | 9.404.492 | ||||
| 5 Biological assets | 015 | 0 | 0 | ||||
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 | ||||
| 7 Tangible assets in preparation | 017 | 0 | 0 | ||||
| 8 Other tangible assets | 018 | 0 | 0 | ||||
| 9 Investment property | 019 | 0 | 0 | ||||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 1.914.201 | 1.727.854 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 0 | 0 | ||||
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 | ||||
| 3 Loans, deposits, etc. to undertakings within the group | 023 | 0 | 0 | ||||
| 4. Investments in holdings (shares) of companies linked by virtue of participating interests | 024 | 0 | 0 | ||||
| 5 Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 | ||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 | ||||
| 7 Investments in securities | 027 | 0 | 0 | ||||
| 8 Loans, deposits, etc. given | 028 | 1.365.443 | 1.179.096 | ||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | ||||
| 10 Other fixed financial assets | 030 | 548.758 | 548.758 | ||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 11.600 | ||||
| 1 Receivables from undertakings within the group 2 Receivables from companies linked by virtue of participating interests |
032 033 |
0 0 |
0 0 |
||||
| 3 Customer receivables | 034 | 0 | 0 | ||||
| 4 Other receivables | 035 | 14.479 | 11.600 | ||||
| V DEFERRED TAX ASSETS | 036 | 8.497.807 | 7.756.925 | ||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 128.401.723 | 226.826.441 | ||||
| I INVENTORIES (ADP 039 to 045) | 038 | 520.356 | 547.249 | ||||
| 1 Raw materials and consumables | 039 | 0 | 0 | ||||
| 2 Work in progress | 040 | 0 | 0 | ||||
| 3 Finished goods | 041 | 0 | 0 | ||||
| 4 Merchandise | 042 | 520.356 | 547.249 | ||||
| 5 Advances for inventories | 043 | 0 | 0 | ||||
| 6 Fixed assets held for sale | 044 | 0 | 0 | ||||
| 7 Biological assets | 045 | 0 | 0 | ||||
| II RECEIVABLES (ADP 047 to 052) | 046 | 98.239.340 | 94.423.319 | ||||
| 1 Receivables from undertakings within the group | 047 | 0 | 0 | ||||
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 | ||||
| 3 Customer receivables | 049 | 95.371.237 | 88.345.003 | ||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | ||||
| 5 Receivables from government and other institutions | 051 | 1.011.809 | 2.540.734 | ||||
| 6 Other receivables | 052 | 1.856.294 | 3.537.582 | ||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 56.903 | 0 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 0 | 0 | ||||
| 2 Investments in other securities of undertakings within the group | 055 | 0 | 0 | ||||
| 3 Loans, deposits, etc. to undertakings within the group | 056 | 0 | 0 | ||||
| 4 Investments in holdings (shares) of companies linked by virtue of participating interests | 057 | 0 | 0 | ||||
| 5 Investment in other securities of companies linked by virtue of participating interests | 058 | 0 | 0 | ||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 | ||||
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 56.903 | 0 |
|---|---|---|---|
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 29.585.124 | 131.855.873 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 18.261.836 | 22.634.699 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 229.413.057 | 333.445.560 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 55.524.425 | 170.770.062 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
| II CAPITAL RESERVES | 069 | 0 | 95.403.000 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.476.501 | 14.695.545 |
| 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 | -21.943.000 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 8.451.348 | 8.451.348 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | -564.855 | 17.988 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) | 082 | -564.855 | 17.988 |
| 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 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 7.797.697 | 15.153.697 |
| 1 Profit for the business year | 087 | 7.797.697 | 15.153.697 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 1.049.110 | 912.087 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 37.530.907 | 32.906.731 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 14.113.159 | 8.668.134 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 21.562.574 | 22.383.423 |
| 11 Deferred tax liability | 108 | 1.855.174 | 1.855.174 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 122.469.347 | 114.074.814 |
| 1 Liabilities to undertakings within the group | 110 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 32.816.585 | 25.104.484 |
| 7 Liabilities for advance payments | 116 | 1.731.828 | 4.276.569 |
| 8 Liabilities to suppliers | 117 | 46.590.540 | 57.485.285 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 8.162.820 | 6.625.313 |
| 11 Taxes, contributions and similar liabilities | 120 | 12.170.542 | 7.395.332 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 20.997.032 | 13.187.831 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 13.888.378 | 15.693.953 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 229.413.057 | 333.445.560 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
| STATEMENT OF CASH FLOWS - indirect method for the period 01/01/2021 to 30/09/2021 in HRK |
|||||||
|---|---|---|---|---|---|---|---|
| Submitter: Span d.d. | |||||||
| Item | ADP code |
Same period of the previous year |
Current period | ||||
| 1 | 2 | 3 | 4 | ||||
| Cash flow from operating activities | |||||||
| 1 Pre-tax profit | 001 | 4.105.575 | 17.551.229 | ||||
| 2 Adjustments (ADP 003 to 010): | 002 | 10.946.028 | 12.232.303 | ||||
| a) Depreciation | 003 | 10.613.831 | 10.625.764 | ||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | -202.670 | -87.820 | ||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 0 | 0 | ||||
| d) Interest and dividend income | 006 | -501.707 | -453.651 | ||||
| e) Interest expenses | 007 | 1.458.369 | 1.267.367 | ||||
| f) Provisions | 008 | 0 | 0 | ||||
| g) Exchange rate differences (unrealised) | 009 | -421.795 | 593.935 | ||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 0 | 286.708 | ||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 15.051.603 | 29.783.532 | ||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -2.799.214 | -1.602.914 | ||||
| a) Increase or decrease in short-term liabilities | 013 | 44.729.883 | -4.034.379 | ||||
| b) Increase or decrease in short-term receivables | 014 | -50.437.599 | 5.025.646 | ||||
| c) Increase or decrease in inventories | 015 | -2.684.829 | -26.893 | ||||
| d) Other increase or decrease in working capital | 016 | 5.593.331 | -2.567.288 | ||||
| II Cash from operations (ADP 011+012) | 017 | 12.252.389 | 28.180.618 | ||||
| 4 Interest paid | 018 | -1.592.097 | -1.339.775 | ||||
| 5 Income tax paid | 019 | -1.440.460 | -935.225 | ||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 9.219.832 | 25.905.618 | ||||
| Cash flow from investment activities | |||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 302.486 | 158.321 | ||||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | ||||
| 3 Interest received | 023 | 0 | 0 | ||||
| 4 Dividends received | 024 | 0 | 0 | ||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 | ||||
| 6 Other cash receipts from investment activities | 026 | 0 | 2.879 | ||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 302.486 | 161.200 | ||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1.571.302 | -3.939.745 | ||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | ||||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | ||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -30.000 | 0 | ||||
| 5 Other cash payments from investment activities | 032 | -26.548 | 0 | ||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1.627.850 | -3.939.745 | ||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -1.325.364 | -3.778.545 | ||||
| Cash flow from financing activities | |||||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 | ||||
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 100.910.600 | ||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 75.616.243 | 51.455.542 | ||||
| 4 Other cash receipts from financing activities | 038 | 858.281 | 453.651 | ||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 76.474.524 | 152.819.793 | ||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -74.228.882 | -64.064.601 | ||||
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 | ||||
| 3 Cash payments for finance lease | 042 | -25.848 | -27.074 | ||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.271.224 | -3.045.156 | ||||
| 5 Other cash payments from financing activities | 044 | -5.668.115 | -4.000.406 | ||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -82.194.069 | -72.676.117 | ||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -5.719.545 | 80.143.676 | ||||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 | ||||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 2.174.923 | 102.270.749 | ||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 15.663.913 | 29.585.124 | ||||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 17.838.836 | 131.855.873 |
STATEMENT OF CHANGES IN EQUITY
| for the period from 01/01/2021 to 30/09/2021 | in HRK | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Item | AOP code |
Initial (subscribed) capital |
Capital reserves | Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves | Other reserves | Revaluation reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net inve stment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
"Minority (non-controlling) interest" |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 to 6 - 7 + 8 to 17) |
19 | 20 (18+19) |
| Previous period | |||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 19.600.000 | 0 | 8.493.578 | 28.400.000 | 28.400.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 201.163 | 10.718.400 | -475.583 | 47.443.636 | 1.424.766 | 48.868.402 |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 19.600.000 | 0 | 8.493.578 | 28.400.000 | 28.400.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 201.163 | 10.718.400 | -475.583 | 47.443.636 | 1.424.766 | 48.868.402 |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.797.697 | 7.797.697 | -345.656 | 7.452.041 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -766.018 | 0 | 0 | -766.018 | 0 | -766.018 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -454.730 | 0 | -454.730 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| settlement procedure or from the reinvestment of profit) 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement |
|||||||||||||||||||
| procedure | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings 19 Payments from members/shareholders |
18 19 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 20 Payment of share in profit/dividend | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 Other distributions and payments to members/shareholders | 21 | 0 | 0 | -197.286 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 652.016 | 0 | 454.730 | -30.000 | 424.730 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 180.209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -655.792 | 475.583 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) |
24 | 19.600.000 | 0 | 8.476.501 | 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 | 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 |
| IN EQUITY (ADP 15 to 23) | |||||||||||||||||||
| Current period 1 Balance on the first day of the current business year |
28 | 19.600.000 | 0 | 8.476.501 | 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 |
| 2 Changes in accounting policies | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) | 31 | 19.600.000 | 0 | 8.476.501 | 28.400.000 | 28.400.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | -564.855 | 10.714.624 | 7.797.697 | 54.475.315 | 1.049.110 | 55.524.425 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.153.697 | 15.153.697 | -103.578 | 15.050.119 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 582.843 | 0 | 0 | 582.843 | 0 | 582.843 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy settlement procedure or from the reinvestment of profit) |
42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.538.880 | 0 | -1.538.880 | 0 | -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 95.403.000 | 0 | -675.000 | -6.457.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101.185.000 | -33.445 | 101.151.555 |
| 22 Carryforward per annual plane | 49 | 0 | 0 | 437.044 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.360.653 | -7.797.697 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 19.600.000 | 95.403.000 | 8.913.545 | 27.725.000 | 21.943.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 17.988 | 16.536.397 | 15.153.697 | 169.857.975 | 912.087 | 170.770.062 |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) |
52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 582.843 | 0 | 0 | 582.843 | 0 | 582.843 |
| 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 | 582.843 | 0 | 15.153.697 | 15.736.540 | -103.578 | 15.632.962 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 95.403.000 | 437.044 | -675.000 | -6.457.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.821.773 | -7.797.697 | 99.646.120 | -33.445 | 99.612.675 |
| STATEMENT OF PROFIT OR LOSS | |||||||
|---|---|---|---|---|---|---|---|
| for the period 01/01/2021 to 30/09/2021 | |||||||
| Submitter: Span d.d. | in HRK | ||||||
| AOP | Same period of the previous year | Current period | |||||
| Item | code | Cumulative | Quarter | Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| I OPERATING INCOME (ADP 002 to 006) | 001 | 284.262.839 | 85.954.045 | 408.067.671 | 144.729.746 | ||
| 1 Income from sales with undertakings within the group | 002 | 76.212.333 | 16.501.214 | 91.674.263 | 18.944.753 | ||
| 2 Income from sales (outside group) | 003 | 206.467.714 | 68.964.186 | 314.613.913 | 125.332.036 | ||
| 3 Income from the use of own products, goods and services | 004 | 0 | 0 | 0 | 0 | ||
| 4 Other operating income with undertakings within the group | 005 | 350.333 | 105.259 | 310.161 | 57.889 | ||
| 5 Other operating income (outside the group) | 006 | 1.232.459 | 383.386 | 1.469.334 | 395.068 | ||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 278.312.035 | 79.919.529 | 395.162.045 | 139.405.395 | ||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 197.379.097 | 52.874.475 | 302.356.465 | 108.477.244 | ||
| a) Costs of raw materials and consumables | 010 | 1.464.427 | 467.880 | 1.599.653 | 547.581 | ||
| b) Costs of goods sold | 011 | 171.959.589 | 44.401.470 | 258.803.827 | 91.277.296 | ||
| c) Other external costs | 012 | 23.955.081 | 8.005.125 | 41.952.985 | 16.652.367 | ||
| 3 Staff costs (ADP 014 to 016) | 013 | 67.018.496 | 22.587.231 | 76.563.838 | 24.916.896 | ||
| a) Net salaries and wages | 014 | 39.535.491 | 13.300.925 | 45.920.871 | 15.241.340 | ||
| b) Tax and contributions from salary costs | 015 | 20.252.444 | 6.853.273 | 22.401.049 | 6.986.518 | ||
| c) Contributions on salaries | 016 | 7.230.561 | 2.433.033 | 8.241.918 | 2.689.038 | ||
| 4 Depreciation | 017 | 9.490.130 | 3.205.957 | 9.779.839 | 3.236.106 | ||
| 5 Other costs | 018 | 4.421.870 | 1.251.866 | 6.409.373 | 2.774.546 | ||
| 6 Value adjustments (ADP 020+021) | 019 | 2.442 | 0 | 52.530 | 603 | ||
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | ||
| b) current assets other than financial assets | 021 | 2.442 | 0 | 52.530 | 603 | ||
| 7 Provisions (ADP 023 to 028) | 022 | 0 | 0 | 0 | 0 | ||
| a) Provisions for pensions, termination benefits and similar obligations | 023 | 0 | 0 | 0 | 0 | ||
| b) Provisions for tax liabilities | 024 | 0 | 0 | 0 | 0 | ||
| c) Provisions for ongoing legal cases | 025 | 0 | 0 | 0 | 0 | ||
| d) Provisions for renewal of natural resources | 026 | 0 | 0 | 0 | 0 | ||
| e) Provisions for warranty obligations | 027 | 0 | 0 | 0 | 0 | ||
| f) Other provisions | 028 | 0 | 0 | 0 | 0 | ||
| 8 Other operating expenses | 029 | 0 | 0 | 0 | 0 | ||
| III FINANCIAL INCOME (ADP 031 to 040) | 030 | 2.443.994 | 393.898 | 2.775.006 | 516.588 | ||
| 1 Income from investments in holdings (shares) of undertakings within the group | 031 | 0 | 0 | 0 | 0 | ||
| 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests |
032 | 0 | 0 | 0 | 0 | ||
| 3 Income from other long-term financial investment and loans granted to undertakings within the group |
033 | 0 | 0 | 0 | 0 | ||
| 4 Other interest income from operations with undertakings within the group | 034 | 0 | 0 | 0 | 0 | ||
| 5 Exchange rate differences and other financial income from operations with undertakings within the group |
035 | 387.041 | 387.041 | 133.072 | 133.072 | ||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | ||
| 7 Other interest income | 037 | 56.421 | 422 | 249.865 | 1.175 | ||
| 8 Exchange rate differences and other financial income | 038 | 2.000.532 | 6.435 | 2.392.069 | 382.341 | ||
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 | ||
| 10 Other financial income | 040 | 0 | 0 | 0 | 0 | ||
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 3.661.268 | 1.614.615 | 3.433.958 | 859.050 | ||
| 1 Interest expenses and similar expenses with undertakings within the group | 042 | 0 | 0 | 0 | 0 | ||
| 2 Exchange rate differences and other expenses from operations with undertakings within the group |
043 | 225.611 | 225.611 | 147.588 | 147.588 | ||
| 3 Interest expenses and similar expenses | 044 | 1.420.678 | 391.578 | 1.154.029 | 383.151 | ||
| 4 Exchange rate differences and other expenses | 045 | 2.014.979 | 997.426 | 2.132.341 | 328.311 | ||
| 5 Unrealised losses (expenses) from financial assets | 046 | 0 | 0 | 0 | 0 | ||
| 6 Value adjustments of financial assets (net) | 047 | 0 | 0 | 0 | 0 | ||
| 7 Other financial expenses | 048 | 0 | 0 | 0 | 0 | ||
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | 0 | 0 | 0 | 0 |
| VI SHARE IN PROFIT FROM JOINT VENTURES | 050 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST | 051 | 0 | 0 | 0 | 0 |
| VIII SHARE IN LOSS OF JOINT VENTURES | 052 | 0 | 0 | 0 | 0 |
| IX TOTAL INCOME (ADP 001+030+049 +050) | 053 | 286.706.833 | 86.347.943 | 410.842.677 | 145.246.334 |
| X TOTAL EXPENDITURE (ADP 007+041+051 + 052) | 054 | 281.973.303 | 81.534.144 | 398.596.003 | 140.264.445 |
| XI PRE-TAX PROFIT OR LOSS (ADP 053-054) | 055 | 4.733.530 | 4.813.799 | 12.246.674 | 4.981.889 |
| 1 Pre-tax profit (ADP 053-054) | 056 | 4.733.530 | 4.813.799 | 12.246.674 | 4.981.889 |
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 |
| XII INCOME TAX | 058 | 0 | 0 | 1.882.360 | 708.424 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 4.733.530 | 4.813.799 | 10.364.314 | 4.273.465 |
| 1 Profit for the period (ADP 055-059) | 060 | 4.733.530 | 4.813.799 | 10.364.314 | 4.273.465 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | 0 | 0 | 0 |
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064) | 062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) | 068 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit (ADP 068) | 069 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 070 | 0 | 0 | 0 | 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent | 076 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 077 | 0 | 0 | 0 | 0 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 4.733.530 | 4.813.799 | 10.364.314 | 4.273.465 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | 0 | 0 | 0 | 0 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 0 | 0 | 0 | 0 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income |
082 | 0 | 0 | 0 | 0 |
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | 0 | 0 | 0 | 0 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | 0 | 0 | 0 | 0 |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation | 091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by virtue of participating interests |
092 | 0 | 0 | 0 | 0 |
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) | 097 | 0 | 0 | 0 | 0 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 4.733.530 | 4.813.799 | 10.364.314 | 4.273.465 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) | 099 | 0 | 0 | 0 | 0 |
| 1 Attributable to owners of the parent | 100 | 0 | 0 | 0 | 0 |
| 2 Attributable to minority (non-controlling) interest | 101 | 0 | 0 | 0 | 0 |
| BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|
| balance as at 30/09/2021 | |||||||
| in HRK | |||||||
| Obveznik: Span d.d. | |||||||
| Item | ADP code |
Last day of the preceding business year |
At the reporting date of the current period |
||||
| 1 | 2 | 3 | 4 | ||||
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | 001 | 0 | 0 | ||||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 95.907.178 | 98.196.108 | ||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 18.870.991 | 18.383.592 | ||||
| 1 Research and development | 004 | 7.892.219 | 5.820.208 | ||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 198.167 | 434.279 | ||||
| 3 Goodwill | 006 | 10.780.605 | 10.780.605 | ||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | ||||
| 5 Intangible assets in preparation | 008 | 0 | 1.348.500 | ||||
| 6 Other intangible assets | 009 | 0 | 0 | ||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 41.705.424 | 44.919.101 | ||||
| 1 Land | 011 | 9.414.613 | 9.414.613 | ||||
| 2 Buildings | 012 | 20.679.674 | 24.835.153 | ||||
| 3 Plant and equipment | 013 | 3.244.510 | 2.691.182 | ||||
| 4 Tools, working inventory and transportation assets | 014 | 8.366.627 | 7.978.153 | ||||
| 5 Biological assets | 015 | 0 | 0 | ||||
| 6 Advances for the purchase of tangible assets | 016 | 0 | 0 | ||||
| 7 Tangible assets in preparation | 017 | 0 | 0 | ||||
| 8 Other tangible assets | 018 | 0 | 0 | ||||
| 9 Investment property | 019 | 0 | 0 | ||||
| III FIXED FINANCIAL ASSETS (ADP 021 to 030) | 020 | 27.413.819 | 27.759.509 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 26.986.187 | 27.403.316 | ||||
| 2 Investments in other securities of undertakings within the group | 022 | 0 | 0 | ||||
| 3 Loans, deposits, etc. to undertakings within the group 4. Investments in holdings (shares) of companies linked by virtue of participating interests |
023 024 |
0 0 |
0 0 |
||||
| 5 Investment in other securities of companies linked by virtue of participating interests | 025 | 0 | 0 | ||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 026 | 0 | 0 | ||||
| 7 Investments in securities | 027 | 0 | 0 | ||||
| 8 Loans, deposits, etc. given | 028 | 316.927 | 245.488 | ||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | ||||
| 10 Other fixed financial assets | 030 | 110.705 | 110.705 | ||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 14.479 | 11.600 | ||||
| 1 Receivables from undertakings within the group | 032 | 0 | 0 | ||||
| 2 Receivables from companies linked by virtue of participating interests | 033 | 0 | 0 | ||||
| 3 Customer receivables | 034 | 0 | 0 | ||||
| 4 Other receivables | 035 | 14.479 | 11.600 | ||||
| V DEFERRED TAX ASSETS | 036 | 7.902.465 | 7.122.306 | ||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 94.465.630 | 172.992.762 | ||||
| I INVENTORIES (ADP 039 to 045) | 038 | 126.567 | 344.561 | ||||
| 1 Raw materials and consumables | 039 | 0 | 0 | ||||
| 2 Work in progress | 040 | 0 | 0 | ||||
| 3 Finished goods | 041 | 0 | 0 | ||||
| 4 Merchandise | 042 | 126.567 | 344.561 | ||||
| 5 Advances for inventories | 043 | 0 | 0 | ||||
| 6 Fixed assets held for sale | 044 | 0 | 0 | ||||
| 7 Biological assets | 045 | 0 | 0 | ||||
| II RECEIVABLES (ADP 047 to 052) | 046 | 77.706.864 | 61.472.353 | ||||
| 1 Receivables from undertakings within the group | 047 | 7.138.724 | 6.143.789 | ||||
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 | ||||
| 3 Customer receivables | 049 | 68.928.495 | 52.543.404 | ||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | ||||
| 5 Receivables from government and other institutions | 051 | 872.233 | 663.041 | ||||
| 6 Other receivables | 052 | 767.412 | 2.122.119 | ||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 600.000 | 150.000 | ||||
| 1 Investments in holdings (shares) of undertakings within the group | 054 | 0 | 0 | ||||
| 2 Investments in other securities of undertakings within the group | 055 | 0 | 0 | ||||
| 3 Loans, deposits, etc. to undertakings within the group 4 Investments in holdings (shares) of companies linked by virtue of participating interests |
056 057 |
600.000 0 |
150.000 0 |
||||
| 5 Investment in other securities of companies linked by virtue of participating interests | 058 | 0 | 0 | ||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 0 | ||||
| 7 Investments in securities | 060 | 0 | 0 |
| 8 Loans, deposits, etc. given | 061 | 0 | 0 |
|---|---|---|---|
| 9 Other financial assets | 062 | 0 | 0 |
| IV CASH AT BANK AND IN HAND | 063 | 16.032.199 | 111.025.848 |
| D ) PREPAID EXPENSES AND ACCRUED INCOME | 064 | 14.383.096 | 20.267.939 |
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 204.755.904 | 291.456.809 |
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 59.993.425 | 170.003.859 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
| II CAPITAL RESERVES | 069 | 0 | 95.403.000 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.072.428 | 14.179.209 |
| 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 | -21.543.000 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 8.451.348 | 8.451.348 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 17.374.032 | 22.005.988 |
| 1 Retained profit | 084 | 17.374.032 | 22.005.988 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 6.495.617 | 10.364.314 |
| 1 Profit for the business year 2 Loss for the business year |
087 088 |
6.495.617 0 |
10.364.314 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 37.530.906 | 32.788.806 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 14.160.824 | 8.668.134 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 21.514.908 | 22.265.498 |
| 11 Deferred tax liability | 108 | 1.855.174 | 1.855.174 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 99.678.310 | 81.320.385 |
| 1 Liabilities to undertakings within the group | 110 | 1.747.942 | 2.131.008 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 111 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests | 113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 31.588.420 | 24.318.559 |
| 7 Liabilities for advance payments | 116 | 515.039 | 943.166 |
| 8 Liabilities to suppliers 9 Liabilities for securities |
117 118 |
35.889.863 0 |
32.134.882 0 |
| 10 Liabilities to employees | 119 | 5.422.895 | 5.635.111 |
| 11 Taxes, contributions and similar liabilities | 120 | 7.865.956 | 3.600.388 |
| 12 Liabilities arising from the share in the result | 121 | 0 | 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 16.648.195 | 12.557.271 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 7.553.263 | 7.343.759 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) | 125 | 204.755.904 | 291.456.809 |
| G) OFF-BALANCE SHEET ITEMS | 126 | 0 | 0 |
| STATEMENT OF CASH FLOWS - indirect method for the period 01/01/2021 to 30/09/2021 in HRK |
|||||||
|---|---|---|---|---|---|---|---|
| Obveznik: Span d.d. | |||||||
| Item | ADP | Same period of the | Current period | ||||
| code | previous year | ||||||
| 1 Cash flow from operating activities |
2 | 3 | 4 | ||||
| 1 Pre-tax profit | 001 | 4.733.530 | 12.246.674 | ||||
| 2 Adjustments (ADP 003 to 010): | 002 | 10.710.947 | 10.549.855 | ||||
| a) Depreciation | 003 | 9.490.130 | 9.779.839 | ||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | -155.005 | -87.820 | ||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 0 | 0 | ||||
| d) Interest and dividend income | 006 | -56.421 | -249.865 | ||||
| e) Interest expenses | 007 | 1.420.678 | 1.154.029 | ||||
| f) Provisions | 008 | 0 | 0 | ||||
| g) Exchange rate differences (unrealised) | 009 | 11.565 | -46.328 | ||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 0 | 0 | ||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 15.444.477 | 22.796.529 | ||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -1.647.191 | -3.209.401 | ||||
| a) Increase or decrease in short-term liabilities | 013 | 36.198.995 | -13.764.692 | ||||
| b) Increase or decrease in short-term receivables | 014 | -37.829.580 | 16.867.632 | ||||
| c) Increase or decrease in inventories | 015 | -1.816.722 | -217.994 | ||||
| d) Other increase or decrease in working capital | 016 | 1.800.116 | -6.094.347 | ||||
| II Cash from operations (ADP 011+012) | 017 | 13.797.286 | 19.587.128 | ||||
| 4 Interest paid | 018 | -1.554.406 | -1.226.437 | ||||
| 5 Income tax paid | 019 | -881.121 | -358.721 | ||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 11.361.759 | 18.001.970 | ||||
| Cash flow from investment activities | |||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 223.421 | 149.873 | ||||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | ||||
| 3 Interest received | 023 | 0 | 0 | ||||
| 4 Dividends received | 024 | 0 | 0 | ||||
| 5 Cash receipts from repayment of loans and deposits | 025 | 0 | 0 | ||||
| 6 Other cash receipts from investment activities | 026 | 0 | 72.879 | ||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 223.421 | 222.752 | ||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1.165.885 | -3.309.543 | ||||
| 2 Cash payments for the acquisition of financial instruments | 029 | 0 | 0 | ||||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | ||||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | -30.000 | -373.535 | ||||
| 5 Other cash payments from investment activities | 032 | 0 | 0 | ||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1.195.885 | -3.683.078 | ||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -972.464 | -3.460.326 | ||||
| Cash flow from financing activities | |||||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 035 | 0 | 0 | ||||
| 2 Cash receipts from the issue of equity financial instruments and debt financial instruments | 036 | 0 | 100.910.600 | ||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 74.118.534 | 48.947.806 | ||||
| 4 Other cash receipts from financing activities | 038 | 57.549 | 249.865 | ||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 74.176.083 | 150.108.271 | ||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -72.378.882 | -61.078.195 | ||||
| 2 Cash payments for dividends | 041 | 0 | -1.538.880 | ||||
| 3 Cash payments for finance lease | 042 | -25.848 | -27.074 | ||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.271.224 | -3.045.156 | ||||
| 5 Other cash payments from financing activities | 044 | -5.083.028 | -3.966.961 | ||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -79.758.982 | -69.656.266 | ||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -5.582.899 | 80.452.005 | ||||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents | 047 | 0 | 0 | ||||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) | 048 | 4.806.396 | 94.993.649 | ||||
| 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 | 6.684.882 | 111.025.848 |
| for the period from 01/01/2021 to 30/09/2021 | in HRK | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Item | AOP code |
Initial (subscribed) capital Capital reserves |
Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves | Other reserves | Revaluation reserves | Fair value of financial assets through other comprehensive income (available |
Cash flow hedge - effective portion |
Hedge of a net inve stment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
"Minority (non-controlling) interest" |
Total capital and reserves | |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | for sale) 11 |
12 | 13 | 14 | 15 | 16 | 17 | 18 (3 do 6 - 7 | 19 | 20 (18+19) |
| Previous period | + 8 do 17) | ||||||||||||||||||
| 1 Balance on the first day of the previous business year | 01 | 19.600.000 | 0 | 7.984.631 | 28.000.000 | 28.000.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 0 | 12.495.376 | 3.172.483 | 52.158.568 | 0 | 52.158.568 |
| 2 Changes in accounting policies | 02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the previous business year (restated) (ADP 01 to 03) | 04 | 19.600.000 | 0 | 7.984.631 | 28.000.000 | 28.000.000 | 0 | 0 | 8.906.078 | 0 | 0 | 0 | 0 | 0 | 12.495.376 | 3.172.483 | 52.158.568 | 0 | 52.158.568 |
| 5 Profit/loss of the period | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.495.617 | 6.495.617 | 0 | 6.495.617 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge | 09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| participating interests | |||||||||||||||||||
| 12 Actuarial gains/losses on the defined benefit obligation 13 Other changes in equity unrelated to owners |
12 13 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 14 Tax on transactions recognised directly in equity | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy | |||||||||||||||||||
| settlement procedure or from the reinvestment of profit) | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 Other distributions and payments to members/shareholders | 21 | 0 | 0 | -92.412 | 0 | 0 | 0 | 0 | -454.730 | 0 | 0 | 0 | 0 | 0 | 1.886.382 | 0 | 1.339.240 | 0 | 1.339.240 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 180.209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.992.274 | -3.172.483 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the previous business year reporting period (ADP 04 to 23) |
24 | 19.600.000 | 0 | 8.072.428 | 28.000.000 | 28.000.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 17.374.032 | 6.495.617 | 59.993.425 | 0 | 59.993.425 |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14) |
25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.495.617 | 6.495.617 | 0 | 6.495.617 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY | 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 |
| 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 | 0 | 59.993.425 |
| 2 Changes in accounting policies | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 Correction of errors | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 Balance on the first day of the current business year (restated) (AOP 28 to 30) | 31 | 19.600.000 | 0 | 8.072.428 | 28.000.000 | 28.000.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 17.374.032 | 6.495.617 | 59.993.425 | 0 | 59.993.425 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.364.314 | 10.364.314 | 0 | 10.364.314 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other comprehensive income (available for sale) 9 Profit or loss arising from effective cash flow hedge |
36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 Profit or loss arising from effective hedge of a net investment in a foreign operation | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 Share in other comprehensive income/loss of companies linked by virtue of | |||||||||||||||||||
| participating interests | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankruptcy |
41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| settlement procedure or from the reinvestment of profit) | 42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settlement procedure |
43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 Decrease in initial (subscribed) capital arising from the reinvestment of profit | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 Redemption of treasury shares/holdings | 45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.538.880 | 0 | -1.538.880 | 0 | -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 95.403.000 | 0 | -675.000 | -6.457.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101.185.000 | 0 | 101.185.000 |
| 22 Carryforward per annual plane | 49 | 0 | 0 | 324.781 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.170.836 | -6.495.617 | 0 | 0 | 0 |
| 23 Increase in reserves arising from the pre-bankruptcy settlement procedure | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 Balance on the last day of the current business year reporting period (ADP 31 to 50) | 51 | 19.600.000 | 95.403.000 | 8.397.209 | 27.325.000 | 21.543.000 | 0 | 0 | 8.451.348 | 0 | 0 | 0 | 0 | 0 | 22.005.988 | 10.364.314 | 170.003.859 | 0 | 170.003.859 |
| APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undertakings that draw up financial statements in accordance with the IFRS) | |||||||||||||||||||
| I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX (ADP 33 to 41) |
52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 do 52) | 53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.364.314 | 10.364.314 | 0 | 10.364.314 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 95.403.000 | 324.781 | -675.000 | -6.457.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.631.956 | -6.495.617 | 99.646.120 | 0 | 99.646.120 |
| Issuer name: | Span d.d |
|---|---|
| Address: | Koturaška cesta 47, 10000 Zagreb |
| OIB: | 19680551758 |
| MBS: | 080192242 |
| Reporting period: | January 1st – September 30th 2021 |
Notes to the financial statements for the nine-month period are included in the Unaudited Business Results of Span Group and Span d.d. for nine months of 2021, available on Zagreb Stock Exchange website.
Annual Report of Span Group and Span d.d. for 2020 is available on Span d.d. website. The accounting policies applied in the preparation of the financial statements for the reporting period are the same as in the most recent annual financial statements.
Span d.d. issued corporate guarantees in the amount of HRK 9,319 thousand, debentures in the amount of HRK 97,779 thousand (of which HRK 3,025 thousand for affiliated companies) and bills of exchange in the amount of HRK 32,990 thousand.
Average number of Span Group employees in the period from 1.1.2021. to 30.9.2021. was 527. The average number of employees of Span d.d. in the period from 1.1.2021. to 30.9.2021. was 427.
In the observed period, the company Span d.d. capitalized labor costs related to the continued development of internally generated intangible assets. The total amount of employee costs during the period, amounts to HRK 77,912 thousand, out of which HRK 76,564 thousand is directly charged to the costs of the period, while HRK 1,349 thousand is capitalized. Capitalized cost is broken down into net salaries (HRK 823 thousand), taxes and contributions from salaries (HRK 378 thousand) and contributions to salaries (HRK 148 thousand).
Deferred tax assets of Span Group as at 31 December 2020 amount to HRK 8,498 thousand, while for Span d.d. it amounts to HRK 7,902 thousand. The decrease in the amount of HRK 780 thousand in the reporting period relates to the recognition of deferred tax assets on the basis of tax relief based on investment aid received from the Ministry of the Economy, Entrepreneurship and Crafts.
Span d.d. holds a participating stake in Trilix d.o.o. Zagreb and Bonsai d.o.o. Zagreb. The amount of capital that Span d.d. holds in Trilix d.o.o. amounts to 60%, ie HRK 732 thousand, the amount of total capital and reserves of Trilix d.o.o. amounts to HRK 1,219 thousand, and the loss in the business year 2020 amounts to HRK 1,329 thousand. The amount of capital that Span d.d. holds in Bonsai d.o.o. amounts to 70%, or HRK 990 thousand, the amount of total capital and reserves of Bonsai d.o.o. amounts to HRK 1,415 thousand, and the profit in the business year 2020 amounts to HRK 163 thousand.
Companies where Span d.d. has unlimited liability are: Infocumulus d.o.o. Zagreb, Span d.o.o. Ljubljana, Span IT Ltd. London, Span USA Inc., Oak Brook, Span LLC Baku, Span GmbH Munich, LLC Span Kiev, SPAN SWISS AG Zurich and SPAN-IT SRL Moldova.
The financial statements of Span d.d. and Span Group for the period from January 1st to September 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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