Interim / Quarterly Report • Jul 29, 2022
Interim / Quarterly Report
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| 1. | Management Interim Report – Management Report | 3 |
|---|---|---|
| 1.1. | Statement of Dragan Marković, member of the Management | |
| Board, Chief Operating Officer | 4 | |
| 1.2. | Corporate Events | 6 |
| 1.2.1. | Incorporation of Fintech Digital Services LLC. | 6 |
| 1.2.2. | Decision on the use of profits and payment of dividends | 6 |
| 1.2.3. | Release of own shares – Remuneration programme | 6 |
| 1.2.4. | General Assembly of Span d.d. – Invitation and Decisions | 6 |
| 1.2.5 | Corporate Governance Code – Annual Compliance Questionnaire for 2021 | 7 |
| 1.3. | People and the community | 7 |
| 1.3.1. | Human resources – intense employment and increased satisfaction | 7 |
| 1.3.2. | Corporate social responsibility | 9 |
| 1.4. | Awards, recognitions, partnerships | 11 |
| 1.4.1. | Microsoft Advanced Specializations | 11 |
| 1.4.2. | Microsoft competences | 12 |
| 1.4.3. | TOV Span from Ukraine receieved 2022 Microsoft Ukraine | |
| Partner of the Year Award | 12 | |
| 2. | Financial indicators for the first half-year of 2022 | |
| 2.1. 2.2. |
Operating revenue, EBITDA and net profit of Span Group Operating revenue, EBITDA and net profit of Span d.d. |
|
| 2.3. | Key features of the period – first half-year of 2022 | |
| 2.4. | Revenues by segments | 13 14 14 15 17 |
| 2.5. | Revenues by geography | |
| 2.6. | Balance sheet | |
| 2.7. | Cash flow | 18 19 22 |
| 2.8. | Operation of TOV Span Ukraine | 22 |
| 3. | Financial statements of the Span Group and Span d.d. | |
| 4. | Notes | |
| 4.1. | Notes accompanying Financial Statements | |
| 5. | Statement on responsibility for compiling a report in the observed period |
25 38 38 39 |
UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY − JUNE 2022
Management Interim Report – Management Report
My main task in Span as the Chief Operating Officer is to ensure that everything functions, at all levels. This is a complex task in a branch that is far from being predictable, where advancement requires you to have a vision, knowledge and good relationship with all stakeholders while never forgetting what really drives you, or that you should never lose that specific Span drive, which has led all of us to the development phase Span is experiencing today.
When I look at the results accomplished in the past period alone – number of events, activities, undertakings, brilliant things … – I become aware of how deeply the change is actually rooted in the Span identity, culture, in all of us. I would even dare to say that Span employees possess an inexhaustible capacity for change – it makes us happy, encourages us to learn and explore, move limits, conceive new solutions, reconsider how we can do things better and in a different way. It encourages us to be brave.
I am happy that we have continued to grow in all segments of business operations in this second quarter as well, or in the first half year. That growth is also accompanied with positive financial results; operating revenues have grown by 4% and amount to HRK 406.9 million, whereas EBITDA before one-off items increased by 101% and is HRK 35.7 million. The achieved net profit is HRK 24.5 million, a 230% increase compared to the same period of the prior year.
We are additionally encouraged by the fact that the regular trading with our shares has continued. On this occasion, I would like to thank all our shareholders to whom we presented our results and plans at the General Assembly in June, the first after we were listed on the stock exchange.
After the acquisition of Ekobit in March, we dedicated ourselves to the integration of our business activities and getting to know each other in detail at all levels. We are aware that these are time-consuming processes but there is a strong desire on both sides to share knowledge and expertise, therefore we plan to mutually exchange and implement proven good practices.
Great knowledge and expertise are crucial for an organization to have capacity for change, and it is them that have led us to being ranked among few organizations in the world with 11 Microsoft advanced specializations, with two new ones acquired in the second quarter.
I want to highlight that our colleagues in Span Ukraine were declared the Microsoft Partner for 2022 in that country, which I am very glad about because it is at least a small wind at the back in these times, unpredictable for them (and for all of us).
Certainly, I want to emphasize that in this quarter we published our first Sustainability Report where we formalized the initiatives and endeavors we implement, upgrade and improve year by year. We know that it can always be better, we want better and therefore, we are glad that our every future sustainability report will serve us to devise ever more complex and focused plans in order to demonstrate that we do not fear change, to prove our courage in this segment as well.
The future is digital, and we want to help construct a digital road to a sustainable future. There is no other one in sight for now. In doing so, we do not fear change, we in Span are fully equipped for that journey.
Dragan Marković Member of the Management Board of Span d.d., Chief Operating Officer
On April 15th, 2022, the Commercial Court in Zagreb issued a decision on registration of the incorporation of a company FINTECH DIGITAL SERVICES Limited Liability Company for IT Services, PIN: 79372150838, based in Zagreb, Koturaška cesta 47 and share capital in the amount of HRK 20,000.00. The decision was published on April 16th, 2022. The founders of the company are Span d.d., IDENTITY CONSORTIUM d.o.o., and KARFIJAM d.o.o., where Span d.d. and IDENTITY CONSORTIUM d.o.o. have taken over business shares, each in the amount of 35% of the share capital, while KARFIJAM d.o.o. has taken over remaining business shares in the amount of 30% of the share capital.
A meeting of the Supervisory Board of Span d.d. ("Company") was held on April 29th, 2022, during which the Supervisory Board, together with the Management Board, proposed to the General Assembly a decision on the use of profits and the payment of dividends in the amount of HRK 5 per share. The dividend was paid to the shareholders of the Company who were registered as shareholders of the Company on June 17th, 2022, in the depository of the Central Depository and Clearing Company d.d. (record date). The date from which the Company's shares were traded without the right to dividend payment was June 15th, 2022 (ex-date). The claim for dividend payment was due on July 1st, 2022 (payment date). The dividend was paid from the company's profit realized in 2021.
Within the Share Buy-Back Programme for the purpose of offering Shares to employees of Span d.d. and its affiliated companies for the purpose of remuneration, adopted at the the Span d.d. Management Board meeting held on January 14th, 2022, Span d.d. on May 2nd, 2022, and June 7th, 2022, released 9,451 and 7,191 shares respectively. Before the said disposal, Span d.d. owned 33,887 of own shares, representing 1.7289% of the share capital1 . After the said disposals, it owns a total of 17,245 treasury shares, representing 0.8798% of the share capital.
On May 3rd, 2022, Span d.d. (hereinafter referred to as "Company") announced an Invitation to the General Assembly. Pursuant to the provisions of the Capital Market Act and Stock Exchange Rules, a regular session of the General Assembly of the Company took place on June 13th, 2022, starting at 11:00 at the address: The Westin Hotel Zagreb, Panorama Meeting Room – 17th floor, Izidora Kršnjavoga 1, 10000 Zagreb, Croatia. Mr. Stjepan Lović, Attorney at Law, presided over the General Assembly, with 1,446,439 votes being present, which made 74.45% of the total number of shares with voting rights of the Company, or 73.80% of the share capital of the Company. According to the Agenda of the General Assembly of the Company announced in the Invitation to the General Assembly, the following decisions were adopted:
1 Share capital of Span d.d. amounts to HRK 19,600,000.00 and is divided in 1,960,000 ordinary registered shares with a nominal value of HRK 10.00, under security code SPAN-R-A and ISIN code HRSPANRA0007.
The whole contents of the decisions can be found at the following link: General Assembly of Span d.d.
Span shares were listed on the regulated Zagreb Stock Exchange market on 21 September, 2021, and Span applies the Corporate Governance Code of the Zagreb Stock Exchange and the Croatian Financial Services Supervisory Agency (HANFA), which is available online on the websites of the Zagreb Stock Exchange (www.zse.hr) and HANFA (www.hanfa.hr). By Statement on Application of the Corporate Governance Code2 Span acknowledges that it operates in line with the good corporate governance practice and mostly according to the recommendations in the Code, and publishes all information whose publishing is provided for in the positive regulations. Pursuant to the Rules on Data Concerning Corporate Governance that issuers are obliged to submit to the Croatian Financial Services Supervision Agency, and in the form, deadlines and manner for their submission (Official Gazette 59/2020), Span provided the Annual Compliance Questionnaire for Issuers of Shares to HANFA and released it on the websites of the Company and the Zagreb Stock Exchange.
The first half of this year showed our intense activity towards cooperation and strengthening the relationship with the academic and IT community. Therefore, we actively continued to represent Span at Job Fair Meetup, RiTeh (Faculty of Engineering of the University of Rijeka), University Career Week in Osijek, Career Week at the Faculty of Organization and Informatics, Faculty of Science's Career Speed Dating and Lumen Competition. We also took part at the Dump Days Conference and at the largest developer conference in Croatia - .debug.
2 Published in the Annual Report for 2021, on p. 13:https://www.span.eu/en/media/annual-report-for-2021-span-group-and-span-d-d/
Moreover, we organized two student practices in Osijek and a 48 hours long Hackhaton in Zagreb, and continued our cooperation with the Algebra University College on their Work in Tech project intended for the education of women in IT.
The first half of this year was also marked with the promotion of our summer professional practice programme, Span Academy, and we also visited and toured as many as 14 faculties from Zagreb to Varaždin and Rijeka to Osijek and Bjelovar in order to appeal to as many students from all the regions in Croatia. Within all those activities, we also spared time for a charity football tournament – Kopačka solidarnosti, organized by the eSTUDENT Student Association, and we donated the donations collected together with our partners in the business and tech community to the Novi put Association for the Homeless in Varaždin.
In March this year, we conducted a survey of the organization climate in Span. Based on the obtained results, we can see that the general level of satisfaction with one's job in Span increased by 2.52% compared to 2021. The aspects where employees are most satisfied in 2022 are as follows: Leadership, Image of the organization, Personal work conditions, and Team climate. When we compare results to the ones in 2021, the highest increase is evident in the Remuneration system aspect, amounting to 2.85%.
The series of HR initiatives in the prior year included the ESOP Programme, Span Heroes, and Span Management Academy as crucial. To get a real picture of success of each of the said initiatives in the survey of the organization climate this year, we additionally analyzed the satisfaction of those who took part in them. Analyses of results showed that employees covered with the ESOP Programme, Span Heroes Award and/or Span Management Academy, are more satisfied in almost all aspects compared to other employees. By doing so, we have obtained an acknowledgement of the success of our HR initiatives in Span at the quantitative level as well.
| Aspects of survey | SMA | Span Heroes | ESOP |
|---|---|---|---|
| Organization Image | 5.2% | 1.94% | |
| Personal working conditions | 4.84% | 1.09% | 5.83% |
| Work organization | 6.08% | 0.19% | |
| Job contents | 4.74% | 0.98% | 0.92% |
| Personal influence | 7.58% | 0.6% | 1.18% |
| Follow up and evaluation | 5.31% | 4.44% | 0.79% |
| Remuneration system | 4.99% | 4.66% | 0.78% |
| Management | 4.47% | 2.16% | |
| Leadership | 3.13% | 0.83% | |
| Climate – team | 1,1% | 0,7% | |
| Climate – organization | 2.04% | 1.13% | |
| Job satisfaction | 4.84% | 1.15% | 2.2% |
The difference in the satisfaction of employees who participate in initiatives compared to other employees
A proactive approach to the labor market helped us in recruiting and employing a significantly higher number of employees during the first half of 2022 in relation to the same period of 2021. On the other hand, good HR initiatives contributed to a better retention of current employees despite very competitive conditions in IT. Thus, with the increase of the number of employees, as a result of the acquisition of Ekobit, we also achieved a strong organic growth that resulted in total of 168 employees more at the level of the Span Group compared to the first half of 2021.
Although our company has nurtured and cultivated sustainable business principles for many years, Span's first annual Sustainability Report covers all our achievements and initiatives from an environmental, social, and managing standpoint in one place. We believe that digital technologies are the key to a sustainable future, and our Sustainability Report shows everything we do to make that future come about as soon as possible.
Izvještaj o održivosti "Today, technology plays a crucial role in the economic growth and ensuring equality, inclusion, accountability and efficiency of all social actors. It is vital for unlocking the innovation opportunities needed to ensure sustainable community development and climate protection," says Nikola Dujmović, CEO and President of the Management Board of Span in the Introduction of the Sustainability Report.
Our main mission is to create IT solutions that improve the business operations of our customers. For us, this mission means more than just delivering intended solutions - it means creating added value that will help customers' business efficacy, security and the simplification of processes. It means optimized, user-friendly technology that will enable access to their services to a more significant number of users. In everything we do, we are guided by the intention of contributing to problem-solving, promoting easier use of technology, and influencing the responsible management of various aspects of our clients' businesses. Our worldview is inspired by those who want to use technology to improve the quality of life of as many people as possible.
Our guiding principle is to give back to the community more than we have taken from it.
"Just as the future of humanity is digital, so the development of technology must support and encourage the sustainable development of societies. At Span, we take our role in this process seriously. Although this is our first Sustainability report, responsible management practices and ideas that we must equally contribute to the development of society and environmental protection have been embedded in our work principles for a long time. By publishing this report, for the first time, we present our practices as a systematic effort in which we plan to make continued strides, and we will regularly report on
our progress. Responsibility, the keyword in "corporate social responsibility ", does not only describe the ethical standards by which we work. It is one of our core values and the way we approach everything we do. Responsible consideration of all aspects of our business operations, responsible behavior in stakeholder relations, and responsibility in supporting community development all define Span".
Within our focus areas, we monitor the needs of our significant stakeholders, devise projects and take part in already existing ones as partners in order to multiply positive social efficiency. We also invest resources and effort in environmental initiatives because we are aware that only green,
energy efficient Span protecting the environment can be Span of the present – and the future. Therefore, this year, we marked the Day of the Planet Earth in style – from the air, coupling the pleasant with the useful in the best possible way. We took part in foresting by drones, an action organized by the Project O2 aimed at protecting forests through socially encouraged planting of trees by means of advanced foresting systems and educational programmes and innovative products adapted to ama-
teur planting. We joined this unusual green initiative not only by donating. On the Day of the Planet Earth, a dozen of our colleagues arrived at the Grubišno polje to assist firsthand in drone foresting.
Children are the ones whom a great majority of our socially responsible business operations is directed to. Therefore, Span and RTL Hrvatska are providing aid again, this time to the Mirko Pereš Primary School in Kapela, in the Bjelovar-Bilogora County! This year, we have continued our successful cooperation with the "RTL pomaže djeci" association by financing equipment for the outdoor children's playground and PE equipment in this school. Play is a very important part of children's development because through it, they develop motor and cognitive abilities, it encourages their creativity, imagination and social skills, and with this newly equipped playground and equipment, students are now finally provided with a quality and safe place for playful socializing and growing up. In 2022, Span continued to support numerous STEM associations that work with children and youth and achieve excellent results – especially in robotics, informatics, and mathematics, whereas with younger generations we strive to encourage interest in these areas and related ones.
Microsoft Azure Virtual Desktop and Microsoft Modernize Endpoints are newly acquired advanced specializations3 . Microsoft Azure Virtual Desktop confirms our extensive knowledge, experience and expertise in implementing scalable and secure infrastructure for desktop virtualization on the Azure platform, and Microsoft Modernize Endpoints advanced specialization is focused on ensuring secure access to corporate resources for end users.
The latest specializations thus readily respond to challenges brought about by hybrid work in terms of management and secure access to corpo"The advanced specializations we have acquired so far are the crown of our work and are a proof of excellence, thanks to which we achieve greater recognition in the market and strengthen relationships with our clients. In addition, they allow us to be more recognizable within Microsoft, which evaluates and categorizes its partners within a wide partner network based on advanced specializations, " emphasizes Mihaela Trbojević, Product Marketing Director in Span.
rate resources and supporting secure remote work, which is becoming imperative from an employee perspective. Conditions for acquiring these specializations are not simple; the certification process is demanding and long and implies preconditions that should be met in order to even join the process of acquisition of an advanced specialization. Supporting secure remote work for employees is more important than ever before, and Azure Virtual Desktop is Microsoft's flexible and scalable solution that supports remote desktop services with simplified management of the entire system. This saves time and resources and increases efficiency of employees so Azure Virtual Desktop indirectly opens new opportunities for accelerated growth of business operations.
We have 17 Microsoft Competences, all gold ones, and gold competences are the crucial precondition for the acquisition of Microsoft Advanced Specializations. With two newly acquired, we have a total of 11, ranking us among few Microsoft partners in the world with so many highly specialized
competences. While Microsoft competences confirm knowledge of Microsoft partners in the implementation of a particular technology or product, advanced specializations focus on a specific niche within the competence and demand detailed and in-depth knowledge of solutions and application of knowledge in a certain area.
1.4.3 . TOV Span from Ukraine receieved 2022 Microsoft Ukraine Partner of the Year Award*
TOV Span receieved 2022 Microsoft Ukraine Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
*Span was recognized as the winner of 2022 Microsoft Ukraine Partner of the Year
2.2. Operating revenue, EBITDA and net profit of Span d.d.
| Span Group | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | ∆% | Q2 2021 | Q2 2022 | ∆% | ||||
| Total revenue | 392.120 | 408.525 | 4% | 257.676 | 222.669 | -14% | ||||
| Operating revenue | 390.666 | 406.855 | 4% | 256.700 | 221.780 | -14% | ||||
| Other revenue | 1.454 | 1.670 | 15% | 976 | 888 | -9% | ||||
| Total costs | 376.745 | 375.787 | - | 254.273 | 210.069 | -17% | ||||
| Costs of goods and services sold | 291.001 | 257.517 | -12% | 208.299 | 148.238 | -29% | ||||
| Personnel expenses | 64.759 | 90.336 | 39% | 33.950 | 47.155 | 39% | ||||
| Other business expenses | 20.985 | 27.935 | 33% | 12.024 | 14.676 | 22% | ||||
| EBITDA before one-off items | 17.762 | 35.721 | 101% | 5.493 | 12.600 | 129% | ||||
| One-off items | 2.387 | 2.983 | - | 2.090 | - | - | ||||
| EBITDA after one-off items | 15.375 | 32.738 | 113% | 3.403 | 12.600 | 270% | ||||
| Depreciation | 7.238 | 8.482 | 17% | 3.337 | 4.482 | 34% | ||||
| EBIT | 8.138 | 24.257 | 198% | 66 | 8.118 | 12160% | ||||
| Net financial result | 967 | 3.176 | 228% | 436 | 1.676 | 284% | ||||
| One-off items of net financial result | - | 2.255 | - | - | - | - | ||||
| Profit/loss before taxation before one-off items | 11.492 | 28.161 | 145% | 2.592 | 9.794 | 278% | ||||
| Profit/loss before taxation after one-off items | 9.105 | 27.433 | 201% | 502 | 9.794 | 1849% | ||||
| Corporate tax | 1.687 | 2.941 | 74% | 393 | 2.480 | 530% | ||||
| Profit/loss after taxation before one-off items | 9.805 | 25.220 | 157% | 2.199 | 7.315 | 233% | ||||
| Profit/loss after taxation after one-off items | 7.418 | 24.492 | 230% | 109 | 7.315 | 6614% |
| Span d.d. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | ∆% | Q2 2021 | Q2 2022 | ∆% | ||||
| Total revenue | 263.338 | 330.790 | 26% | 157.424 | 183.494 | 17% | ||||
| Operating revenue | 262.011 | 329.832 | 26% | 156.701 | 183.097 | 17% | ||||
| Other revenue | 1.327 | 958 | -28% | 723 | 397 | -45% | ||||
| Total costs | 249.161 | 300.010 | 20% | 154.458 | 174.621 | 13% | ||||
| Costs of goods and services sold | 182.587 | 211.089 | 16% | 119.031 | 128.189 | 8% | ||||
| Personnel expenses | 51.647 | 67.080 | 30% | 27.079 | 34.905 | 29% | ||||
| Other business expenses | 14.927 | 21.842 | 46% | 8.349 | 11.527 | 38% | ||||
| EBITDA before one-off items | 16.564 | 31.156 | 88% | 5.056 | 8.873 | 76% | ||||
| One-off items | 2.387 | 376 | - | 2.090 | - | - | ||||
| EBITDA after one-off items | 14.177 | 30.780 | 117% | 2.966 | 8.873 | 199% | ||||
| Depreciation | 6.596 | 6.849 | 4% | 3.299 | 3.533 | 7% | ||||
| EBIT | 7.581 | 23.930 | 216% | (333) | 5.340 | 1706% | ||||
| Net financial result | (316) | 1.308 | 513% | (889) | 1.597 | 280% | ||||
| One-off items of net financial result | - | - | - | - | - | - | ||||
| Profit/loss before taxation before one-off items | 9.652 | 25.615 | 165% | 868 | 6.937 | 699% | ||||
| Profit/loss before taxation after one-off items | 7.265 | 25.239 | 247% | (1.222) | 6.937 | 668% | ||||
| Corporate tax | 1.174 | 593 | -49% | 150 | 297 | 97% | ||||
| Profit/loss after taxation before one-off items | 8.478 | 25.022 | 195% | 718 | 6.640 | 825% | ||||
| Profit/loss after taxation after one-off items | 6.091 | 24.646 | 305% | (1.372) | 6.640 | 584% |
Total consolidated revenues increased by HRK 16,405 thousand, or 4%, compared to the first half-year of the prior year. The revenue increase in the IT service segments with high added value covered the drop in the revenues in the Software Asset Management and Licensing segment that derives from the decline of revenues in the Ukrainian market. Actually, from April 1st to December 31st, 2022, Microsoft enabled all our customers in Ukraine to use its products and services without compensation.
The highest growth of revenues in the Group was achieved by the business segment Infrastructure Services, Cloud & Cyber Security which recorded a 67% growth.
In the first half-year of 2022, Span d.d. accomplished a growth of revenues by HRK 67,452 thousand, or 26%. The strongest growth of revenues was also recorded in the segment of the Infrastructure Services, Cloud & Cyber Security, amounting to 96%.
The total consolidated expenses of the operation decreased by HRK 958 thousand, or 0.3% compared to the first half-year of 2021 primarily due to lower expenses for goods and services (HRK 33,484 thousand), whereas the personnel expenses of the Group concurrently increased by HRK 25,576 thousand, and other operating expenses by HRK 6,950 thousand.
The lower expenses for goods and services resulted from 1) lower expenses for goods and services in the Ukrainian market (HRK 76,658 thousand) and 2) increase of direct expenses (HRK 43,175 thousand) caused by the growth of revenues of the rest of the Group.
Growth of personnel expenses of the Group in 2022, amounting to 39%, is the result of the higher number of employees and one-time expenses resulting from the allocation of shares to employees of Ekobit. The average number of employees in the Group in the observed period of 2022 is 651, compared to the prior year when the average number of employees in the Group was 524.
The total expenses of Span d.d. increased by HRK 50,849 thousand, or 20%. The highest growth results from direct expenses for goods and services in the amount of HRK 28,502 thousand.
Personnel expenses of Span d.d. increased by HRK 15,433 thousand, or 30%. The average number of employees in the company in the observed period was 501, compared to the prior year when the average number of employees in the company was 425. The majority of new employees are employed in segments with high added value, i.e. IT services from the business segments Software Asset Management, Infrastructure Services (Cloud & Cyber Security), Service Management and Support, and Software Development and Business Solutions.
Other operating expenses for the Span Group increased under the influence of the higher volume of operations and the higher volume of employees.
The significant growth of EBITDA follows the growth of revenues from IT services with high added value, which are described in more detail in the chapter Revenues by segments.
EBITDA of the Group before one-off items in the first half-year increased compared to the prior year by HRK 17,959 thousand, or 101% and amounted to HRK 35,721 thousand.
The one-off items of EBITDA of the Group amounted to HRK 2,983 thousand and relate to 1) expenses arising from the Plan for the allocation of shares to employees of Ekobit defined in the purchase and sale contract and 2) operating expenses arising from the acquisition, which mainly relate to the costs of consultants.
EBITDA of the Group after one-off items in the observed period increased by HRK 17,363 tho-
usand, to HRK 32,738 thousand, an increase of 113%.
Span d.d. recorded an increase of EBITDA before one-off items in the amount of HRK 14,593 thousand, or 88%, and it amounted to HRK 31,156 thousand.
In the first half-year of 2022, Span d.d. recorded a growth of EBITDA after one-off items in the amount of HRK 16,603 thousand to HRK 30,780 thousand, an increase of 117%.
Profit after tax before one-off items of the Group increased by HRK 15,415 thousand, to HRK 25,220 thousand.
One-off items of the net financial result of the Group amounted to HRK 2,255 thousand and relate to the acquisition of Ekobit. Financial revenues occurred as a positive difference in the price of Ekobit's own shares, i.e. difference in the price by which Span bought them and those by which Ekobit acquired them in 2017.
In the observed period, profit after tax after one-off items of the Group increased by HRK 17,074 thousand, to HRK 24,492 thousand.
Span d.d. recorded a growth of profit after tax before one-off items by HRK 16,545 thousand, to HRK 25,022 thousand.
Span d.d. recorded a growth of profit after tax after one-off items by HRK 18,555 thousand, to HRK 24,646 thousand.
Span Group generates revenues in the following segments:
Data on revenues from sales by business segments of the Group and Span d.d. for the observed period in 2021 and 2022 is presented below.
| Span Group | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | ∆% | Q2 2021 | Q2 2022 | ∆% | ||||
| Total operating revenue | 390.666 | 406.855 | 4% | 256.700 | 221.780 | -14% | ||||
| Software Asset Management and Licensing | 290.243 | 257.674 | -11% | 208.552 | 150.498 | -28% | ||||
| Infrastructure Services, Cloud & Cyber Security | 37.679 | 62.824 | 67% | 15.707 | 23.896 | 52% | ||||
| Service Center Management and Technical Support | 43.986 | 57.810 | 31% | 21.411 | 30.522 | 43% | ||||
| Software and Business Solution Development | 18.757 | 28.548 | 52% | 11.029 | 16.864 | 53% |
| Span d.d. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | ∆% | Q2 2021 | Q2 2022 | ∆% | ||||
| Total operating revenue | 262.011 | 329.832 | 26% | 156.701 | 183.097 | 17% | ||||
| Software Asset Management and Licensing | 178.739 | 204.906 | 15% | 116.897 | 126.940 | 9% | ||||
| Infrastructure Services, Cloud & Cyber Security | 28.259 | 55.452 | 96% | 11.114 | 20.333 | 83% | ||||
| Service Center Management and Technical Support | 42.856 | 55.291 | 29% | 20.926 | 28.808 | 38% | ||||
| Software and Business Solution Development | 12.157 | 14.183 | 17% | 7.764 | 7.016 | -10% |
2. Infrastructure Services, Cloud & Cyber Security had most significant growth in the structure of the operating revenues, 67% compared to the same period of 2021. Expansion of business activities in the area of Cloud and Security solutions is in line with the growth strategy of the Group, contributed by an increase of the number of projects with the current and new customers. In the first half-year, along with Span d.d., Span Slovenia and Span United States also contributed to the growth of revenues.
3. Service Center Management and Support contributes to a continuing growth of revenues by providing services of monitoring and managing the IT environment, and the increase of revenues of this segment in the first half-year amounts to 31%.
4. Software and Business Solution Development made significant growth amounting to 52% in the observed period. The growth of this segment arose from the focused development of proprietary IT solutions and platforms, and development of specific business solutions for individual key users, such as CRM, automation and robotization of their business processes. The growth of this segment was additionally strengthened by the acquisition of Ekobit, whose operation is focused on the development of software solutions.
Revenues by geography show the geographic market to which goods or services were invoiced. The share in revenues the Group made on foreign markets amounted to 74% of the total revenues.
In the first half-year most revenues of the Group were invoiced on the Croatian market, whereas the most significant growth was recorded by the United States as a result of development of operati-
ons and major infrastructure projects in that market (HRK 38,261 thousand growth). The growth of revenues in the Croatian market amounted to HRK 24,661 thousand.
30% of the revenues of Span d.d. in the observed period related to the Croatian market, which also recorded the highest growth in the observed period, amounting to HRK 22,222 thousand (29%), followed by the growth of revenues on the United States (HRK 35,707 thousand) and the UK (HRK 2,105 thousand) market.
Revenues by geographic markets
| Span Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | 31.12.2021 | 30.6.2202 | 31.12.2021 | 30.6.2022 | ||||
| ASSETS | 351.568 | 453.313 | 317.904 | 388.561 | ||||
| Fixed assets | 87.381 | 122.398 | 99.738 | 129.980 | ||||
| Deferred tax assets | 7.729 | 7.143 | 6.952 | 6.393 | ||||
| Current assets | 87.877 | 176.609 | 60.499 | 138.262 | ||||
| Cash and cash equivalents | 139.791 | 127.766 | 126.920 | 103.355 | ||||
| Prepaid expenses and accrued income | 28.789 | 19.397 | 23.795 | 10.570 | ||||
| LIABILITIES | 351.568 | 453.313 | 317.904 | 388.561 | ||||
| Equity and reserves | 193.743 | 209.299 | 192.917 | 199.967 | ||||
| Long-term liabilities | 31.430 | 30.379 | 29.149 | 27.047 | ||||
| Current liabilities | 106.516 | 189.717 | 79.710 | 144.952 | ||||
| Accrued expenses and deferred revenue | 19.878 | 23.918 | 16.128 | 16.595 |
The total value of assets of the Group was higher by HRK 101,745 thousand amid the increase of short-term assets and long-term intangible assets.
The increase of the short-term assets, i.e. increase of the short-term receivables resulted from the growth of the Group in the first half-year of 2022.
The increase of the fixed intangible assets relates to the initial entry of goodwill of Ekobit amounting to HRK 27,898 thousand. In accordance with the requirements of IFRS 3 Business combinations, within this transaction, within 1 year, Span is obliged to implement the allocation of the purchase price for Ekobit and in doing so, adjust the initially recognized goodwill. For this reason, this item is subject to change during the future period.
The majority of the short-term assets of the Group consists of cash in the amount of HRK 127,766 thousand. The decrease in cash in relation to the prior period results from investment and financial activities of the Group.
| Span Group | Span d.d. | |||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | Q2 2021 | Q2 2022 | H1 2021 | H1 2022 | Q2 2021 | Q2 2022 |
| Computer equipment and other equipment |
1.768 | 2.726 | 1.020 | 1.634 | 1.469 | 2.314 | 918 | 1.514 |
| Development expenses | - | - | - | - | - | - | - | - |
| Other intangible assets | 4 | 2.090 | 4 | 2.090 | - | 2.088 | - | 2.088 |
| Intangible assets in preparation |
- | 1.848 | - | 961 | - | 1.567 | - | 754 |
| Investment in assets total |
1.772 | 6.664 | 1.024 | 4.685 | 1.469 | 5.969 | 918 | 4.356 |
Investments in assets of the Span Group relate to expenses for the procurement and replacement of obsolete computer and other equipment required for the work of employees. Investment in intangible assets under preparation relates to internally generated intangible assets that are derived from continuation of software development available for further sale/use. Other intangible assets relate to software intended for further sale/use.
Deferred tax assets present amounts of income tax that are recoverable based on future deductions of taxable profit. Deferred tax assets are recognized up to the amount of the tax revenues likely be achieved. When determining future taxable profits and amounts of tax revenues that will likely be achieved in the future, the Group makes assessments and estimates based on the taxable profits from previous years and expectations for future revenues which are considered to be reasoned in the existing circumstances. The Group has made an assessment of the usability of tax relief 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 from 2015 to 2025, to the amount of 50% of the tax base, to the maximum limit in the amount of the total investment according to the Investment Promotion Act.
In December 2021, Span d.d. and Bonsai d.o.o. applied for the use of a new round of support entitled R&D Capacity for Delivery of IT Solutions Investment and Expansion Project. On February 25th, 2022, they received a positive decision based on which they received an additional 50% relief of the tax rate, which Span used as early as for 2021. By this, Span has ensured an income tax rate of 0% by 2025, i.e. by the utilization of the maximum limit of the investment.
The total equity and reserves of the Group increased by HRK 15,556 thousand as a result of the growth of profits for the current period (HRK 24,492 thousand), reduced retained profits due to the payment of dividend (HRK 9,714 thousand), and increase of capital reserves arising from the acquisition of Ekobit.
Total long-term liabilities were reduced by HRK 1,051 thousand, in most part due to the transfer of long-term contracted liabilities to short-term (liability for the purchase of own shares from former owners in line with the repayment plan).
On June 30th, 2022, they consist of liabilities for the purchase of the business share of Ekobit d.o.o. (HRK 3,600 thousand), and the long-term part of liabilities to former owners (HRK 5,134 thousand).
Short-term liabilities increased primarily as a result of 1) increase of liabilities to suppliers, and 2) short-term liabilities for the purchase of a business share in Ekobit, in the amount of HRK 6,105 thousand, which are due on September 14th, 2022.
| Current Assets, Current Liabilities and Working Capital Span Group |
|||||||
|---|---|---|---|---|---|---|---|
| In thousands of HRK | 31.12.2021 | 30.6.2202 | 31.12.2021 | 30.6.2202 | |||
| Current assets | 256.457 | 323.772 | 211.214 | 252.188 | |||
| Current liabilities | 126.395 | 213.635 | 95.838 | 161.547 | |||
| Working capital | 130.063 | 110.137 | 115.376 | 90.641 | |||
| Current liquidity ratio | 2,03 | 1,52 | 2,20 | 1,56 |
The coefficient of the current liquidity still points to a strong ability of the Group to settle its short-term liabilities, though it is lower compared to the prior period as a result of the acquisition of Ekobit and the payment of dividend.
| Net debt | Span Group | Span d.d. | |||
|---|---|---|---|---|---|
| In thousands of HRK | 31.12.2021 | 30.6.2202. | 31.12.2021. | 30.6.2202 | |
| Short-term and long-term bank loans | 15.977 | 12.080 | 14.108 | 10.504 | |
| Cash and cash equivalents | 139.791 | 127.766 | 126.920 | 103.355 | |
| Net debt | (123.814) | (115.686) | (112.812) | (92.852) | |
| Total equity | 193.743 | 209.299 | 192.917 | 199.967 | |
| Net debt and total equity ratio | - | - | - | - |
Negative net debt is an indicator of the financial liquidity of the Group.
| Span Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | Q2 2021 | Q2 2022 | H1 2021 | H1 2022 | Q2 2021 | Q2 2022 |
| Net cash from operating activities |
20.696 | 51.385 | 4.188 | 36.404 | 22.321 | 40.519 | 10.028 | 31.340 |
| Net cash used in investment activities |
-1.712 | -40.805 | -981 | -4.630 | -1.379 | -43.308 | -840 | -4.322 |
| Net cash used in financial activities |
-22.821 | -22.606 | -4.339 | -16.001 | -22.760 | -20.775 | -5.543 | -15.485 |
| Net increase / decrease in cash and cash equivalents |
-3.837 | -12.025 | -1.132 | 15.774 | -1.818 | -23.564 | 3.646 | 11.533 |
The Group and Span d.d. achieve positive cash flows from business activities. Increasing cash from business activities primarily arises from the expansion of the operation in the first half-year of 2022.
The negative cash flow from the financial activities is the result of the acquisition of Ekobit and investment in tangible and intangible assets.
The negative cash flow from the financial activities arises from outflows of cash for the settlement of liabilities to banks and purchase of treasury shares. Furthermore, a dividend in the amount of HRK 9,714 thousand was paid in the second quarter of 2022.
The purpose of this segment is to provide investors with an insight into our operation in Ukraine, as well as its influence on the Span Group. To that end, we are enclosing the individual Statement of Profit and Loss for TOV Span for the first half-year of 2021 and 2022 and its contribution in the consolidated revenues of the Span Group.
Revenues of TOV Span in the first half-year of 2022 decreased significantly compared to the same period of the prior year given that for the period from April 1st to December 31st, 2022, Microsoft enabled all our customers in Ukraine to use its products and services without compensation. Decline of direct expenses follows a decline in revenues, whereas operative expenses were reduced amid the decrease of business activities. The negative net financial result is a direct consequence of the depreciation of the Ukrainian currency (UAH). The corporate tax expressed in the result is a result of approvals issued by Microsoft, which created a tax liability in line with the Ukrainian tax legislation.
Revenues of TOV Span account for 6% of consolidated revenues of the Span Group in the first half-year of 2022.
In the first half-year of 2022, the contribution in consolidated EBITDA is negative (HRK -1,372 thousand) and the share in the Group EBITDA amounts to -4%.
Total investment of Span d.d. in TOV Span on June 30th, 2022, amounts to HRK 4,664 thousand.
| TOV Span standalone | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | ∆% | Q2 2021 | Q2 2022 | ∆% | |||||
| Total revenue | 102.698 | 26.179 | -75% | 85.987 | 4.735 | -94% | |||||
| Operating revenue | 102.698 | 26.177 | -75% | 85.987 | 4.733 | -94% | |||||
| Other revenue | - | 2 | - | - | 2 | - | |||||
| Total costs | 104.359 | 27.089 | -74% | 86.576 | 4.726 | -95% | |||||
| Costs of goods and services sold | 99.880 | 23.221 | -77% | 84.328 | 2.919 | -97% | |||||
| Personnel expenses | 3.406 | 3.172 | -7% | 1.728 | 1.519 | -12% | |||||
| Other business expenses | 1.073 | 695 | -35% | 520 | 288 | -45% | |||||
| EBITDA | (1.661) | (909) | 45% | (589) | 9 | 102% | |||||
| Depreciation | 39 | 20 | -47% | 16 | 10 | -37% | |||||
| EBIT | (1.700) | (930) | 45% | (605) | (1) | 100% | |||||
| Net financial result | 1.385 | (425) | -131% | 1.345 | 43 | -97% | |||||
| Profit/loss before taxation | (316) | (1.355) | -329% | 740 | 41 | -94% | |||||
| Corporate tax | - | 1.882 | - | - | 1.882 | - | |||||
| Profit/loss after taxation | (316) | (3.238) | -926% | 740 | (1.841) | -349% |
| Span Group | Contribution of TOV Span in Span Group |
Share of TOV Span in Span Group |
|||||
|---|---|---|---|---|---|---|---|
| In thousands of HRK | H1 2021 | H1 2022 | H1 2021 | H1 2022 | H1 2021 | H1 2022 | |
| Total revenue | 392.120 | 408.525 | 102.537 | 25.715 | 26% | 6% | |
| Operating revenue | 390.666 | 406.855 | 102.537 | 25.712 | 26% | 6% | |
| Other revenue | 1.454 | 1.670 | - | 2 | - | - | |
| Total costs | 376.745 | 375.787 | 104.338 | 27.087 | 28% | 7% | |
| Costs of goods and services sold | 291.001 | 257.517 | 99.880 | 23.221 | 34% | 9% | |
| Personnel expenses | 64.759 | 90.336 | 3.406 | 3.172 | 5% | 4% | |
| Other business expenses | 20.985 | 27.935 | 1.052 | 693 | 5% | 2% | |
| EBITDA before one-off items | 17.762 | 35.721 | (1.801) | (1.372) | -10% | -4% | |
| One-off items | 2.387 | 2.983 | - | - | - | - | |
| EBITDA after one-off items | 15.375 | 32.738 | (1.801) | (1.372) | -12% | -4% | |
| Depreciation | 7.238 | 8.482 | 39 | 20 | 1% | - | |
| EBIT | 8.138 | 24.257 | (1.840) | (1.393) | -23% | -6% | |
| Net financial result | 967 | 3.176 | 1.385 | (426) | 143% | -13% | |
| One-off items of net financial result | - | 2.255 | - | - | - | - | |
| Profit/loss before taxation before one-off items |
11.492 | 28.161 | (455) | (1.819) | -4% | -6% | |
| Profit/loss before taxation after one-off items |
9.105 | 27.433 | (455) | (1.819) | -5% | -7% | |
| Corporate tax | 1.687 | 2.941 | - | 1.882 | - | 64% | |
| Profit/loss after taxation before one-off items |
9.805 | 25.220 | (455) | (3.701) | -5% | -15% | |
| Profit/loss after taxation after one-off items |
7.418 | 24.492 | (455) | (3.701) | -6% | -15% |
| STATEMENT OF PROFIT OR LOSS | |||||
|---|---|---|---|---|---|
| for the period 1.1.2022 to 30.6.2022 | |||||
| in HRK | |||||
| Submitter: Span d.d. | |||||
| Item | AOP code |
Same period of the previous year | Current period | ||
| 1 | 2 | Cumulative 3 |
Quarter 4 |
Cumulative 5 |
Quarter 6 |
| I OPERATING INCOME (ADP 002 to 006) | 001 | 392.120.381 | 257.676.139 | 408.525.148 | 222.668.642 |
| 1 Income from sales with undertakings within the group | 002 | 0 | 0 | 0 | 0 |
| 2 Income from sales (outside group) | 003 | 390.666.273 | 256.699.896 | 406.854.914 | 221.780.147 |
| 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 | 1.454.108 | 976.243 | 1.670.234 | 888.495 |
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 383.982.813 | 257.609.921 | 384.268.630 | 214.550.220 |
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 |
| 2 Material costs (ADP 010 to 012) | 009 | 307.348.582 | 217.882.298 | 278.777.964 | 160.159.865 |
| a) Costs of raw materials and consumables | 010 | 1.309.557 | 285.875 | 2.586.478 | 1.294.000 |
| b) Costs of goods sold | 011 | 270.669.688 | 196.829.312 | 239.844.514 | 140.050.138 |
| c) Other external costs | 012 | 35.369.337 | 20.767.111 | 36.346.972 | 18.815.727 |
| 3 Staff costs (ADP 014 to 016) | 013 | 64.759.488 | 33.949.954 | 90.335.590 | 47.154.599 |
| a) Net salaries and wages | 014 | 40.315.162 | 20.805.493 | 60.255.297 | 31.287.488 |
| b) Tax and contributions from salary costs | 015 | 18.272.385 | 10.006.547 | 22.357.870 | 11.760.858 |
| c) Contributions on salaries | 016 | 6.171.941 | 3.137.914 | 7.722.423 | 4.106.253 |
| 4 Depreciation | 017 | 7.185.786 | 3.285.198 | 8.481.717 | 4.481.569 |
| 5 Other costs | 018 | 4.637.030 | 2.442.030 | 6.660.733 | 2.750.580 |
| 6 Value adjustments (ADP 020+021) | 019 | 51.927 | 50.441 | 12.626 | 3.607 |
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 |
| b) current assets other than financial assets | 021 | 51.927 | 50.441 | 12.626 | 3.607 |
| 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 | 3.837.339 | 2.160.424 | 5.539.031 | 2.486.268 |
| 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 | 356.822 | 336.257 | 172.800 | 147.520 |
| 8 Exchange rate differences and other financial income | 038 | 3.480.517 | 1.824.167 | 3.111.401 | 2.338.748 |
| 9 Unrealised gains (income) from financial assets | 039 | 0 | 0 | 0 | 0 |
| 10 Other financial income | 040 | 0 | 0 | 2.254.830 | 0 |
| IV FINANCIAL EXPENSES (ADP 042 to 048) | 041 | 2.870.123 | 1.724.234 | 2.362.705 | 810.310 |
| 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 | 875.675 | 377.463 | 533.502 | 278.643 |
| 4 Exchange rate differences and other expenses | 045 | 1.955.133 | 1.307.456 | 1.829.203 | 531.667 |
| 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 | 39.315 | 39.315 | 0 | 0 |
| V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS |
049 | 0 | 0 | 0 | 0 |
| UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY − JUNE 2022 | ||||||
|---|---|---|---|---|---|---|
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) 053 395.957.720 259.836.563 414.064.179 225.154.910 X TOTAL EXPENDITURE (ADP 007+041+051 + 052) 054 386.852.936 259.334.155 386.631.335 215.360.530 XI PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 9.104.784 502.408 27.432.844 9.794.380
| 1 Pre-tax profit (ADP 053-054) | 056 | 9.104.784 | 502.408 | 27.432.844 | 9.794.380 |
|---|---|---|---|---|---|
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | 0 | 0 | 0 |
| XII INCOME TAX | 058 | 1.686.830 | 393.288 | 2.941.311 | 2.479.710 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 7.417.954 | 109.120 | 24.491.533 | 7.314.670 |
| 1 Profit for the period (ADP 055-059) | 060 | 7.417.954 | 109.120 | 24.491.533 | 7.314.670 |
| 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 | 7.417.954 | 109.120 | 24.491.533 | 7.314.670 |
| 1 Attributable to owners of the parent | 076 | 7.902.050 | 389.051 | 25.086.635 | 7.623.001 |
| 2 Attributable to minority (non-controlling) interest | 077 | -484.096 | -279.931 | -595.102 | -308.331 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 7.417.954 | 109.120 | 24.491.533 | 7.314.670 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) | 079 | 884.038 | 303.120 | 448.621 | 70.250 |
| 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 | 884.038 | 303.120 | 448.621 | 70.250 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 884.038 | 303.120 | 448.621 | 70.250 |
| 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 |
| 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 | 884.038 | 303.120 | 448.621 | 70.250 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) | 098 | 8.301.992 | 412.240 | 24.940.154 | 7.384.920 |
| 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 | 8.301.992 | 412.240 | 24.940.154 | 7.384.920 |
| 1 Attributable to owners of the parent | 100 | 8.786.088 | 132.309 | 25.535.256 | 7.693.251 |
| 2 Attributable to minority (non-controlling) interest | 101 | -484.096 | 279.931 | -595.102 | -308.331 |
| BALANCE SHEET | ||||||||
|---|---|---|---|---|---|---|---|---|
| balance as at 30.6.2022 | ||||||||
| in HRK | ||||||||
| Submitter: Span d.d. | ||||||||
| Item | ADP | Last day of the preceding | At the reporting date of the | |||||
| code | business year | current period | ||||||
| 1 | 2 001 |
3 0 |
4 0 |
|||||
| A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID | ||||||||
| B) FIXED ASSETS (ADP 003+010+020+031+036) | 002 | 95.110.461 | 129.540.992 | |||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 28.079.421 | 59.388.252 | |||||
| 1 Research and development | 004 | 7.542.547 | 7.064.933 | |||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 646.079 | 2.524.340 | |||||
| 3 Goodwill | 006 | 19.465.802 | 47.366.644 | |||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | |||||
| 5 Intangible assets in preparation | 008 | 424.993 | 2.432.335 | |||||
| 6 Other intangible assets | 009 | 0 | 0 | |||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 58.431.229 | 61.113.297 | |||||
| 1 Land | 011 | 13.049.681 | 13.049.681 | |||||
| 2 Buildings | 012 | 32.403.011 | 34.546.596 | |||||
| 3 Plant and equipment | 013 | 3.257.601 | 4.396.127 | |||||
| 4 Tools, working inventory and transportation assets | 014 | 9.720.936 | 9.120.893 | |||||
| 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 | 866.405 | 1.892.565 | |||||
| 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 | |||||
| 027 | 0 | 0 | ||||||
| 7 Investments in securities | ||||||||
| 8 Loans, deposits, etc. given | 028 | 317.647 | 589.798 | |||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 7.000 | |||||
| 10 Other fixed financial assets | 030 | 548.758 | 1.295.767 | |||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 4.285 | 3.834 | |||||
| 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 | 4.285 | 3.834 | |||||
| V DEFERRED TAX ASSETS | 036 | 7.729.121 | 7.143.044 | |||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 227.668.058 | 304.375.137 | |||||
| I INVENTORIES (ADP 039 to 045) | 038 | 2.026.428 | 4.647.658 | |||||
| 1 Raw materials and consumables | 039 | 0 | 0 | |||||
| 2 Work in progress | 040 | 0 | 0 | |||||
| 3 Finished goods | 041 | 0 | 0 | |||||
| 4 Merchandise | 042 | 2.026.428 | 4.647.658 | |||||
| 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 | 84.970.998 | 166.642.700 | |||||
| 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 | 80.397.002 | 159.859.947 | |||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | |||||
| 5 Receivables from government and other institutions | 051 | 2.417.303 | 1.252.382 | |||||
| 6 Other receivables | 052 | 2.156.693 | 5.530.371 | |||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 879.404 | 5.318.988 | |||||
| 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 | |||||
| 058 | 0 | 0 | ||||||
| 5 Investment in other securities of companies linked by virtue of participating interests | ||||||||
| 6 Loans, deposits etc. to companies linked by virtue of participating interests | 059 | 0 | 1.000.000 | |||||
| 7 Investments in securities | 060 | 0 | 1.479.552 |
8 Loans, deposits, etc. given 061 879.404 2.839.436 9 Other financial assets 062 0 0 IV CASH AT BANK AND IN HAND 063 139.791.228 127.765.791 D ) PREPAID EXPENSES AND ACCRUED INCOME 064 28.789.407 19.396.955
| E) TOTAL ASSETS (ADP 001+002+037+064) | 065 | 351.567.926 | 453.313.084 |
|---|---|---|---|
| OFF-BALANCE SHEET ITEMS | 066 | 0 | 0 |
| LIABILITIES | |||
| A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) | 067 | 193.742.853 | 209.298.993 |
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
| II CAPITAL RESERVES | 069 | 79.083.569 | 81.258.747 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 8.252.425 | 8.252.425 |
| 1 Legal reserves | 071 | 8.252.425 | 8.252.425 |
| 2 Reserves for treasury shares | 072 | 1.015.559 | 7.173.449 |
| 3 Treasury shares and holdings (deductible item) | 073 | -1.015.559 | -7.173.449 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 15.954.404 | 15.954.404 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 267.330 | 715.951 |
| 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 | 267.330 | 715.951 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 45.713.436 | 57.931.711 |
| 1 Retained profit | 084 | 45.713.436 | 57.931.711 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 23.718.783 | 25.086.635 |
| 1 Profit for the business year | 087 | 23.718.783 | 25.086.635 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 1.152.906 | 499.120 |
| 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 | 31.430.203 | 30.379.409 |
| 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 | 6.895.152 | 6.905.201 |
| 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 | 21.032.865 | 19.972.022 |
| 11 Deferred tax liability | 108 | 3.502.186 | 3.502.186 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 106.516.400 | 189.716.878 |
| 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 | 9.082.059 | 5.174.344 |
| 7 Liabilities for advance payments | 116 | 3.153.753 | 3.513.535 |
| 8 Liabilities to suppliers | 117 | 53.513.063 | 106.056.821 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 8.838.574 | 9.053.297 |
| 11 Taxes, contributions and similar liabilities | 120 | 11.595.560 | 18.612.258 |
| 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 20.333.391 47.306.623 E) ACCRUALS AND DEFERRED INCOME 124 19.878.470 23.917.804 F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) 125 351.567.926 453.313.084 G) OFF-BALANCE SHEET ITEMS 126 0 0
| STATEMENT OF CASH FLOWS - indirect method for the period 1.1.2022 to 30.6.2022 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 | 9.104.784 | 27.432.844 | |||||
| 2 Adjustments (ADP 003 to 010): | 002 | 8.868.050 | 9.708.261 | |||||
| a) Depreciation | 003 | 7.185.786 | 8.481.717 | |||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | -32.789 | -31.072 | |||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 0 | 12.626 | |||||
| d) Interest and dividend income | 006 | -356.822 | -172.800 | |||||
| e) Interest expenses | 007 | 875.675 | 533.502 | |||||
| f) Provisions | 008 | 0 | 0 | |||||
| g) Exchange rate differences (unrealised) | 009 | 909.492 | 495.843 | |||||
| h) Other adjustments for non-cash transactions and unrealised gains and losses | 010 | 286.708 | 388.445 | |||||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) | 011 | 17.972.834 | 37.141.105 | |||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 4.546.021 | 15.332.608 | |||||
| a) Increase or decrease in short-term liabilities | 013 | 41.861.461 | 81.560.818 | |||||
| b) Increase or decrease in short-term receivables | 014 | -31.338.359 | -76.843.766 | |||||
| c) Increase or decrease in inventories | 015 | -7.412.845 | -2.621.230 | |||||
| d) Other increase or decrease in working capital | 016 | 1.435.764 | 13.236.786 | |||||
| II Cash from operations (ADP 011+012) | 017 | 22.518.855 | 52.473.713 | |||||
| 4 Interest paid | 018 | -929.580 | -559.014 | |||||
| 5 Income tax paid | 019 | -892.908 | -529.942 | |||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 20.696.367 | 51.384.757 | |||||
| Cash flow from investment activities | ||||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 89.653 | 84.818 | |||||
| 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 | 451 | |||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 89.653 | 85.269 | |||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1.771.660 | -6.666.498 | |||||
| 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 | -34.216.326 | |||||
| 5 Other cash payments from investment activities | 032 | 0 | -7.000 | |||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1.801.660 | -40.889.824 | |||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -1.712.007 | -40.804.555 | |||||
| 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 | 0 | |||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 35.693.501 | 2.328.972 | |||||
| 4 Other cash receipts from financing activities | 038 | 359.024 | 172.800 | |||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 36.052.525 | 2.501.772 | |||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -54.314.998 | -7.063.340 | |||||
| 2 Cash payments for dividends | 041 | -1.538.880 | -9.713.775 | |||||
| 3 Cash payments for finance lease | 042 | -18.187 | -18.677 | |||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.033.202 | -2.537.602 | |||||
| 5 Other cash payments from financing activities | 044 | -968.598 | -5.774.017 | |||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -58.873.865 | -25.107.411 | |||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -22.821.340 | -22.605.639 | |||||
| 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 | -3.836.980 | -12.025.437 | |||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 29.585.124 | 139.791.228 | |||||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 25.748.144 | 127.765.791 |
STATEMENT OF CHANGES IN EQUITY Span Group
| for the period from 1.1.2022 to 30.6.2022 | 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 |
Cash flow hedge - effective portion |
Hedge of a net inve stment in a foreign operation - effective |
Other fair value reserves |
Exchange rate differences from translation of foreign |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
"Minority (non-controlling) interest" |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | (available for sale) 11 |
12 | portion 13 |
14 | operations 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 | 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 | 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 | 8.476.501 | 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 | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.718.783 | 23.718.783 | 104.734 | 23.823.517 |
| 6 Exchange rate differences from translation of foreign operations | 06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 832.185 | 0 | 0 | 832.185 | 0 | 832.185 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 454.731 | 0 | 7.957.787 | 0 | 7.957.787 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
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 |
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 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.328.200 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity | 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 20 Payment of share in profit/dividend |
19 20 |
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 -1.538.880 |
0 0 |
0 -1.538.880 |
0 0 |
0 -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 21 | 0 | 98.411.769 | -814.716 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.547.704 | 0 | 107.144.757 | -938 | 107.143.819 |
| 22 Transfer to reserves according to the annual schedule | 22 | 0 | 0 | 590.640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.207.057 | -7.797.697 | 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 | 79.083.569 | 8.252.425 | 1.015.559 | 1.015.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 267.330 | 45.713.436 | 23.718.783 | 192.589.947 | 1.152.906 | 193.742.853 |
| 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 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 832.185 | 19.782.931 | 0 | 8.789.972 | 0 | 8.789.972 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) | 26 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 832.185 | 19.782.931 | 23.718.783 | 32.508.755 | 104.734 | 32.613.489 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN | 27 | 0 | 98.411.769 | -224.076 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.215.881 | -7.797.697 | 105.605.877 | -938 | 105.604.939 |
| EQUITY (ADP 15 to 23) Current period |
|||||||||||||||||||
| 1 Balance on the first day of the current business year | 28 | 19.600.000 | 79.083.569 | 8.252.425 | 1.015.559 | 1.015.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 267.330 | 45.713.436 | 23.718.783 | 192.589.947 | 1.152.906 | 193.742.853 |
| 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) 5 Profit/loss of the period |
31 32 |
19.600.000 0 |
79.083.569 0 |
8.252.425 0 |
1.015.559 0 |
1.015.559 0 |
0 0 |
0 0 |
15.954.404 0 |
0 0 |
0 0 |
0 0 |
0 0 |
267.330 0 |
45.713.436 0 |
23.718.783 25.086.635 |
192.589.947 25.086.635 |
1.152.906 -595.102 |
193.742.853 24.491.533 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 448.621 | 0 | 0 | 448.621 | 0 | 448.621 |
| 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 | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| interests 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 settle ment 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 | 4.240.000 | 4.240.000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.713.775 | -9.713.775 | 0 | -9.713.775 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 2.175.178 | 0 | 1.917.890 | 1.917.890 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.786.733 | 0 | 388.445 | -58.684 | 329.761 |
| 22 Carryforward per annual plane 23 Increase in reserves arising from the pre-bankruptcy settlement procedure |
49 50 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
14.005.008 0 |
-14.005.008 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 | 81.258.747 | 8.252.425 | 7.173.449 | 7.173.449 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 715.951 | 57.931.711 | 25.086.635 | 208.799.873 | 499.120 | 209.298.993 |
| 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 | 448.621 | 0 | 0 | 448.621 | 0 | 448.621 |
| 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 | 448.621 | 0 | 25.086.635 | 25.535.256 | -595.102 | 24.940.154 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 2.175.178 | 0 | 6.157.890 | 6.157.890 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.218.275 | -23.718.783 | -9.325.330 | -58.684 | -9.384.014 |
| STATEMENT OF PROFIT OR LOSS | |||||||
|---|---|---|---|---|---|---|---|
| for the period 1.1.2022 to 30.6.2022 | |||||||
| in HRK | |||||||
| Submitter: Span d.d. | Current period | ||||||
| Item | AOP code |
Cumulative | Same period of the previous year Quarter |
Cumulative | Quarter | ||
| 1 | 2 | 3 | 4 | 5 | 6 | ||
| I OPERATING INCOME (ADP 002 to 006) | 001 | 263.337.925 | 157.424.167 | 330.790.235 | 183.493.533 | ||
| 1 Income from sales with undertakings within the group | 002 | 72.729.510 | 43.764.613 | 78.223.170 | 42.750.106 | ||
| 2 Income from sales (outside group) | 003 | 189.281.877 | 112.936.383 | 251.608.634 | 140.346.843 | ||
| 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 | 252.272 | 50.881 | 48.816 | 18.073 | ||
| 5 Other operating income (outside the group) | 006 | 1.074.266 | 672.290 | 909.615 | 378.511 | ||
| II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) | 007 | 255.756.650 | 157.756.715 | 306.859.759 | 178.153.527 | ||
| 1 Changes in inventories of work in progress and finished goods | 008 | 0 | 0 | 0 | 0 | ||
| 2 Material costs (ADP 010 to 012) | 009 | 193.879.221 | 125.583.034 | 228.078.842 | 137.518.352 | ||
| a) Costs of raw materials and consumables | 010 | 1.052.072 | 498.142 | 2.227.748 | 1.112.483 | ||
| b) Costs of goods sold | 011 | 167.526.531 | 109.347.624 | 193.597.567 | 119.855.661 | ||
| c) Other external costs | 012 | 25.300.618 | 15.737.268 | 32.253.527 | 16.550.208 | ||
| 3 Staff costs (ADP 014 to 016) | 013 | 51.646.942 | 27.078.864 | 67.079.739 | 34.904.574 | ||
| a) Net salaries and wages | 014 | 30.679.531 | 15.810.571 | 41.680.156 | 21.894.097 | ||
| b) Tax and contributions from salary costs | 015 | 15.414.531 | 8.455.019 | 18.823.002 | 9.649.457 | ||
| c) Contributions on salaries | 016 | 5.552.880 | 2.813.274 | 6.576.581 | 3.361.020 | ||
| 4 Depreciation | 017 | 6.543.733 | 3.246.587 | 6.849.372 | 3.532.980 | ||
| 5 Other costs | 018 | 3.634.827 | 1.797.789 | 4.839.180 | 2.194.014 | ||
| 6 Value adjustments (ADP 020+021) | 019 | 51.927 | 50.441 | 12.626 | 3.607 | ||
| a) fixed assets other than financial assets | 020 | 0 | 0 | 0 | 0 | ||
| b) current assets other than financial assets | 021 | 51.927 | 50.441 | 12.626 | 3.607 | ||
| 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 | 2.258.418 | 645.173 | 3.146.516 | 2.415.166 | ||
| 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 | 202.266 | 75.145 | |||
| 6 Income from other long-term financial investments and loans | 036 | 0 | 0 | 0 | 0 | ||
| 7 Other interest income | 037 | 248.690 | 247.107 | 57.671 | 57.492 | ||
| 8 Exchange rate differences and other financial income | 038 | 2.009.728 | 398.066 | 2.886.579 | 2.282.529 | ||
| 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 | 2.574.908 | 1.534.180 | 1.838.185 | 818.119 | ||
| 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 | 76.228 | 73.749 | |||
| 3 Interest expenses and similar expenses | 044 | 770.878 | 375.333 | 433.780 | 225.415 | ||
| 4 Exchange rate differences and other expenses | 045 | 1.804.030 | 1.158.847 | 1.328.177 | 518.955 | ||
| 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 |
| UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY − JUNE 2022 | ||||||
|---|---|---|---|---|---|---|
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) 053 265.596.343 158.069.340 333.936.751 185.908.699 X TOTAL EXPENDITURE (ADP 007+041+051 + 052) 054 258.331.558 159.290.895 308.697.944 178.971.646 XI PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 7.264.785 -1.221.555 25.238.807 6.937.053 1 Pre-tax profit (ADP 053-054) 056 7.264.785 0 25.238.807 6.937.053
| 2 Pre-tax loss (ADP 054-053) | 057 | 0 | -1.221.555 | 0 | 0 |
|---|---|---|---|---|---|
| XII INCOME TAX | 058 | 1.173.936 | 150.112 | 593.196 | 296.598 |
| XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059) | 059 | 6.090.849 | -1.371.667 | 24.645.611 | 6.640.455 |
| 1 Profit for the period (ADP 055-059) | 060 | 6.090.849 | 0 | 24.645.611 | 6.640.455 |
| 2 Loss for the period (ADP 059-055) | 061 | 0 | -1.371.667 | 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 | 6.090.849 | -1.371.667 | 24.645.611 | 6.640.455 |
| 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 6.090.849 -1.371.667 24.645.611 6.640.455
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 30.6.2022 | ||||||||
| 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 | 106.690.052 | 136.373.383 | |||||
| I INTANGIBLE ASSETS (ADP 004 to 009) | 003 | 18.487.016 | 27.615.541 | |||||
| 1 Research and development | 004 | 6.907.749 | 5.831.864 | |||||
| 2 Concessions, patents, licences, trademarks, software and other rights | 005 | 373.669 | 2.306.702 | |||||
| 3 Goodwill | 006 | 10.780.605 | 17.485.201 | |||||
| 4 Advances for the purchase of intangible assets | 007 | 0 | 0 | |||||
| 5 Intangible assets in preparation | 008 | 424.993 | 1.991.774 | |||||
| 6 Other intangible assets | 009 | 0 | 0 | |||||
| II TANGIBLE ASSETS (ADP 011 to 019) | 010 | 53.122.234 | 53.349.117 | |||||
| 1 Land | 011 | 13.049.681 | 13.049.681 | |||||
| 2 Buildings | 012 | 29.637.897 | 29.528.039 | |||||
| 3 Plant and equipment | 013 | 3.012.279 | 3.744.187 | |||||
| 4 Tools, working inventory and transportation assets | 014 | 7.422.377 | 7.027.210 | |||||
| 015 | 0 | 0 | ||||||
| 5 Biological assets | ||||||||
| 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 | 28.124.898 | 49.011.987 | |||||
| 1 Investments in holdings (shares) of undertakings within the group | 021 | 27.768.705 | 48.274.271 | |||||
| 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 | 7.000 | |||||
| 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 | 245.488 | 245.488 | |||||
| 9 Other investments accounted for using the equity method | 029 | 0 | 0 | |||||
| 10 Other fixed financial assets | 030 | 110.705 | 485.228 | |||||
| IV RECEIVABLES (ADP 032 to 035) | 031 | 4.285 | 3.834 | |||||
| 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 | 4.285 | 3.834 | |||||
| V DEFERRED TAX ASSETS | 036 | 6.951.619 | 6.392.904 | |||||
| C) CURRENT ASSETS (ADP 038+046+053+063) | 037 | 187.418.288 | 241.617.618 | |||||
| I INVENTORIES (ADP 039 to 045) | 038 | 1.972.414 | 4.371.395 | |||||
| 1 Raw materials and consumables | 039 | 0 | 0 | |||||
| 2 Work in progress | 040 | 0 | 0 | |||||
| 3 Finished goods | 041 | 0 | 0 | |||||
| 4 Merchandise | 042 | 1.972.414 | 4.371.395 | |||||
| 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 | 58.526.117 | 132.590.912 | |||||
| 1 Receivables from undertakings within the group | 047 | 7.012.558 | 22.408.733 | |||||
| 2 Receivables from companies linked by virtue of participating interests | 048 | 0 | 0 | |||||
| 3 Customer receivables | 049 | 49.028.871 | 106.808.630 | |||||
| 4 Receivables from employees and members of the undertaking | 050 | 0 | 0 | |||||
| 5 Receivables from government and other institutions | 051 | 319.860 | 304.369 | |||||
| 6 Other receivables | 052 | 2.164.828 | 3.069.180 | |||||
| III CURRENT FINANCIAL ASSETS (ADP 054 to 062) | 053 | 0 | 1.300.000 | |||||
| 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 | 056 | 0 | 300.000 | |||||
| 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 | 1.000.000 | |||||
| 7 Investments in securities | 060 | 0 | 0 |
| UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY − JUNE 2022 | ||||||
|---|---|---|---|---|---|---|
8 Loans, deposits, etc. given 061 0 0 9 Other financial assets 062 0 0 IV CASH AT BANK AND IN HAND 063 126.919.757 103.355.311 D ) PREPAID EXPENSES AND ACCRUED INCOME 064 23.795.411 10.570.034 E) TOTAL ASSETS (ADP 001+002+037+064) 065 317.903.751 388.561.035 OFF-BALANCE SHEET ITEMS 066 0 0
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+081+084+087) 067 192.916.583 199.967.416
LIABILITIES
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 19.600.000 | 19.600.000 |
|---|---|---|---|
| II CAPITAL RESERVES | 069 | 79.083.569 | 81.258.747 |
| III RESERVES FROM PROFIT (ADP 071+072-073+074+075) | 070 | 7.412.739 | 7.412.739 |
| 1 Legal reserves | 071 | 7.412.739 | 7.412.739 |
| 2 Reserves for treasury shares | 072 | 615.559 | 3.655.940 |
| 3 Treasury shares and holdings (deductible item) | 073 | -615.559 | -3.655.940 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 0 | 0 |
| IV REVALUATION RESERVES | 076 | 15.954.404 | 15.954.404 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) | 077 | 0 | 0 |
| 1 Financial assets at fair value through other comprehensive income (i.e. available for sale) | 078 | 0 | 0 |
| 2 Cash flow hedge - effective portion | 079 | 0 | 0 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign operations (consolidation) | 082 | 0 | 0 |
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-085) | 083 | 51.506.377 | 51.095.915 |
| 1 Retained profit | 084 | 51.506.377 | 51.095.915 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 19.359.494 | 24.645.611 |
| 1 Profit for the business year | 087 | 19.359.494 | 24.645.611 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 0 | 0 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 0 | 0 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 0 | 0 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 0 | 0 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations | 095 | 0 | 0 |
| 6 Other provisions | 096 | 0 | 0 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 29.148.993 | 27.046.620 |
| 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 | 6.895.152 | 6.905.201 |
| 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 | 18.751.655 | 16.639.233 |
| 11 Deferred tax liability | 108 | 3.502.186 | 3.502.186 |
| D) SHORT-TERM LIABILITIES (ADP 110 to 123) | 109 | 79.709.966 | 144.952.240 |
| 1 Liabilities to undertakings within the group | 110 | 1.241.757 | 836.514 |
| 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 | 7.212.661 | 3.598.462 |
| 7 Liabilities for advance payments | 116 | 1.318.683 | 1.158.285 |
| 8 Liabilities to suppliers | 117 | 38.131.824 | 93.488.136 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 5.990.115 | 6.889.616 |
| 11 Taxes, contributions and similar liabilities | 120 | 7.241.434 | 9.567.257 |
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 18.573.492 29.413.970 E) ACCRUALS AND DEFERRED INCOME 124 16.128.209 16.594.759 F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) 125 317.903.751 388.561.035 G) OFF-BALANCE SHEET ITEMS 126 0 0
| STATEMENT OF CASH FLOWS - indirect method for the period 1.1.2022 to 30.6.2022 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 | 7.264.785 | 25.238.807 | |||||
| 2 Adjustments (ADP 003 to 010): | 002 | 6.867.535 | 7.207.075 | |||||
| a) Depreciation | 003 | 6.543.733 | 6.849.372 | |||||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets | 004 | -32.789 | -31.032 | |||||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets | 005 | 0 | 12.626 | |||||
| d) Interest and dividend income | 006 | -248.690 | -57.671 | |||||
| e) Interest expenses | 007 | 770.878 | 433.780 | |||||
| f) Provisions | 008 | 0 | 0 | |||||
| g) Exchange rate differences (unrealised) | 009 | -165.597 | 0 | |||||
| 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 | 14.132.320 | 32.445.882 | |||||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | 9.372.089 | 8.836.704 | |||||
| a) Increase or decrease in short-term liabilities | 013 | 30.126.648 | 68.011.552 | |||||
| b) Increase or decrease in short-term receivables | 014 | -26.837.833 | -70.467.794 | |||||
| c) Increase or decrease in inventories | 015 | -209.361 | -2.398.981 | |||||
| d) Other increase or decrease in working capital | 016 | 6.292.635 | 13.691.927 | |||||
| II Cash from operations (ADP 011+012) | 017 | 23.504.409 | 41.282.586 | |||||
| 4 Interest paid | 018 | -827.315 | -459.292 | |||||
| 5 Income tax paid | 019 | -356.489 | -303.857 | |||||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 22.320.605 | 40.519.437 | |||||
| Cash flow from investment activities | ||||||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 96.210 | 55.895 | |||||
| 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 | 451 | |||||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 96.210 | 56.346 | |||||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -1.475.306 | -5.968.854 | |||||
| 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 | 0 | -37.389.637 | |||||
| 5 Other cash payments from investment activities | 032 | 0 | -7.000 | |||||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -1.475.306 | -43.365.491 | |||||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -1.379.096 | -43.309.145 | |||||
| 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 | 0 | |||||
| 3 Cash receipts from credit principals, loans and other borrowings | 037 | 34.256.411 | 0 | |||||
| 4 Other cash receipts from financing activities | 038 | 320.892 | 57.671 | |||||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 34.577.303 | 57.671 | |||||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | -52.668.302 | -5.308.744 | |||||
| 2 Cash payments for dividends | 041 | -1.538.880 | -9.713.775 | |||||
| 3 Cash payments for finance lease | 042 | -18.187 | -18.677 | |||||
| 4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital | 043 | -2.033.202 | -2.537.602 | |||||
| 5 Other cash payments from financing activities | 044 | -1.078.747 | -3.253.611 | |||||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -57.337.318 | -20.832.409 | |||||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -22.760.015 | -20.774.738 | |||||
| 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 | -1.818.506 | -23.564.446 | |||||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 049 | 16.032.199 | 126.919.757 | |||||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) | 050 | 14.213.693 | 103.355.311 |
| UNAUDITED FINANCIAL STATEMENTS OF SPAN GROUP AND SPAN D.D. / JANUARY − JUNE 2022 | ||||||
|---|---|---|---|---|---|---|
STATEMENT OF CHANGES IN EQUITY Span d.d.
| for the period from 1.1.2022 to 30.6.2022 | u kunama | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attributable to owners of the parent | |||||||||||||||||||
| Item | AOP code |
Initial | (subscribed) capital Capital reserves | Legal reserves | Reserves for treasury shares |
Treasury shares and holdings (deductible item) |
Statutory reserves | Other reserves | Revaluation reserves | Fair value of financial assets through other comprehensive income (available for sale) |
Cash flow hedge - effective portion |
Hedge of a net inve stment in a foreign operation - effective portion |
Other fair value reserves |
Exchange rate differences from translation of foreign operations |
Retained profit / loss brought forward |
Profit/loss for the business year |
Total attributable to owners of the parent |
"Minority (non-controlling) interest" |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 do 6 - 7 | 19 | 20 (18+19) |
| + 8 do 17) | |||||||||||||||||||
| Previous period 1 Balance on the first day of the previous business year |
01 | 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 | 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 | 8.072.428 | 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 | 05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.359.494 | 19.359.494 | 0 | 19.359.494 |
| 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 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 454.731 | 0 | 7.957.787 | 0 | 7.957.787 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
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 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.328.200 | 0 | 0 | 0 | 0 |
| 14 Tax on transactions recognised directly in equity 15 Decrease in initial (subscribed) capital (other than arising from the |
14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 20 Payment of share in profit/dividend |
19 20 |
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 -1.538.880 |
0 0 |
0 -1.538.880 |
0 0 |
0 -1.538.880 |
| 21 Other distributions and payments to members/shareholders | 21 | 0 | 98.411.769 | -984.470 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.717.458 | 0 | 107.144.757 | 0 | 107.144.757 |
| 22 Transfer to reserves according to the annual schedule | 22 | 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 24 Balance on the last day of the previous business year reporting period |
23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| (ADP 04 to 23) | 24 | 19.600.000 | 79.083.569 | 7.412.739 | 615.559 | 615.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 0 | 51.506.377 | 19.359.494 | 192.916.583 | 0 | 192.916.583 |
| 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 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 19.782.931 | 0 | 7.957.787 | 0 | 7.957.787 |
| II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25) | 26 | 0 | -19.328.200 | 0 | 0 | 0 | 0 | 0 | 7.503.056 | 0 | 0 | 0 | 0 | 0 | 19.782.931 | 19.359.494 | 27.317.281 | 0 | 27.317.281 |
| III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23) |
27 | 0 | 98.411.769 | -659.689 | -27.384.441 | -27.384.441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.349.414 | -6.495.617 | 105.605.877 | 0 | 105.605.877 |
| Current period | |||||||||||||||||||
| 1 Balance on the first day of the current business year 2 Changes in accounting policies |
28 29 |
19.600.000 0 |
79.083.569 0 |
7.412.739 0 |
615.559 0 |
615.559 0 |
0 0 |
0 0 |
15.954.404 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
51.506.377 0 |
19.359.494 0 |
192.916.583 0 |
0 0 |
192.916.583 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 | 79.083.569 | 7.412.739 | 615.559 | 615.559 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 0 | 51.506.377 | 19.359.494 | 192.916.583 | 0 | 192.916.583 |
| 5 Profit/loss of the period | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.645.611 | 24.645.611 | 0 | 24.645.611 |
| 6 Exchange rate differences from translation of foreign operations | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 Changes in revaluation reserves of fixed tangible and intangible assets | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 Gains or losses from subsequent measurement of financial assets at fair value through other comprehensive income (available for sale) |
35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 Profit or loss arising from effective cash flow hedge 10 Profit or loss arising from effective hedge of a net investment in a foreign |
36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| operation 11 Share in other comprehensive income/loss of companies linked by virtue of |
37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| participating interests | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 Actuarial gains/losses on the defined benefit obligation | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 Other changes in equity unrelated to owners 14 Tax on transactions recognised directly in equity |
40 41 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
| 15 Decrease in initial (subscribed) capital (other than arising from the pre-bankrupt | 42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cy settlement procedure or from the reinvestment of profit) 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 18 Redemption of treasury shares/holdings |
44 45 |
0 0 |
0 0 |
0 0 |
0 4.240.000 |
0 4.240.000 |
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 |
| 19 Payments from members/shareholders | 46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 20 Payment of share in profit/dividend | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.713.775 | -9.713.775 | 0 | -9.713.775 |
| 21 Other distributions and payments to members/shareholders | 48 | 0 | 2.175.178 | 0 | -1.199.619 | -1.199.619 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.056.181 | 0 | -7.881.003 | 0 | -7.881.003 |
| 22 Carryforward per annual plane 23 Increase in reserves arising from the pre-bankruptcy settlement procedure |
49 50 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
9.645.719 0 |
-9.645.719 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 | 81.258.747 | 7.412.739 | 3.655.940 | 3.655.940 | 0 | 0 | 15.954.404 | 0 | 0 | 0 | 0 | 0 | 51.095.915 | 24.645.611 | 199.967.416 | 0 | 199.967.416 |
| 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 | 24.645.611 | 24.645.611 | 0 | 24.645.611 |
| III TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 42 to 50) |
54 | 0 | 2.175.178 | 0 | 3.040.381 | 3.040.381 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -410.462 | -19.359.494 | -17.594.778 | 0 | -17.594.778 |
| Issuer name: | Span d.d |
|---|---|
| Address: | Koturaška cesta 47, 10000 Zagreb |
| OIB: | 19680551758 |
| MBS: | 080192242 |
| Reporting period: | January 1st – June 30th 2022 |
Notes to the financial statements for first six months of 2022 are included in the Unaudited Business Results of Span Group and Span d.d. for first six months of 2022., available on Zagreb Stock Exchange website.
Annual Report of Span Group and Span d.d. for 2021 is available on Span d.d. website.
The accounting policies applied in the preparation of the financial statements for the reporting period are the same as in the most recent annual financial statements.
Span d.d. issued corporate guarantees in the amount of HRK 10,610 thousand, debentures in the amount of HRK 172,592 thousand (of which HRK 7,767 thousand for affiliated companies) and bills of exchange in the amount of HRK 18,067 thousand.
Average number of Span Group employees in the period from 1.1.2022. to 30.06.2022. was 651. The average number of employees of Span d.d. in the period from 1.1.2022. to 30.06.2022. was 501.
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 68,647 thousand, out of which HRK 67,080 thousand is directly charged to the costs of the period, while HRK1,567 thousand is capitalized. Capitalized cost is broken down into net salaries (HRK 942 thousand), taxes and contributions from salaries (HRK 453 thousand) and contributions to salaries (HRK 171 thousand).
In the observed period, Span Group capitalized labor costs related to the continued development of internally generated intangible assets. Total amount personel expensess during the period amounts to HRK 92,184 thousand, of which the amount of HRK 90,336 thousand is directly charged to the expenses of the period, while HRK 1,848 thousand is capitalized. Capitalized cost is broken down into net salaries (HRK 1,128 thousand), taxes and contributions from salaries (HRK 538 thousand) and contributions to salaries (HRK 182 thousand).
Deferred tax assets of Span Group as at 31 December 2021 amount to HRK 7,729 thousand, while for Span d.d. it amounts to HRK 6,952 thousand. In Span Group, the decrease in the amount of HRK 586 thousand relates to the recognition of deferred tax assets due to losses incurred by certain affiliates and the decrease in the amount of HRK 593 thousand in the reporting period relates to the recognition of deferred tax assets on the basis of tax relief based on investment aid received from the Ministry of the Economy,Entrepreneurship and Crafts for Span dd
Span d.d. holds a participating stake in Trilix d.o.o. Zagreb and Bonsai d.o.o. Zagreb. The amount of capital that Span d.d. holds in Trilix d.o.o. amounts to 60%, ie HRK 1,037 thousand, the amount of total capital and reserves of Trilix d.o.o. amounts to HRK 1,729 thousand, and the profit in the business year 2021 amounts to HRK 36 thousand. The amount of capital that Span d.d. holds in Bonsai d.o.o. amounts to 70%, or HRK 1,000 thousand, the amount of total capital and reserves of Bonsai d.o.o. amounts to HRK 1,429 thousand, and the profit in the business year 2021 amounts to HRK 618 thousand.
Companies where Span d.d. has unlimited liability are: 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 SPAN-IT SRL Moldova and Ekobit d.o.o., Zagreb.
Unaudited financial statements of Span d.d. and Span Group for the period from January 1st to June 30th, 2022, 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 Predsjednik Uprave, Span d.d
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