Quarterly Report • Oct 23, 2019
Quarterly Report
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Consolidated unaudited financial results for
$01/01/2019 - 30/09/2019$
23 October 2019
| $\mathbf{1}$ | INTERIM MANAGEMENT REPORT FOR THE PERIOD BETWEEN 01/01/2019 AND 30/06/20191 | |
|---|---|---|
| 1.1 | Significant business events of the Group in the period between 01/01/2019 and 30/06/20191 | |
| 1.2 | Expected future development of the Group | |
| 1.3 | Research & Development activities | |
| 1.4 | Information on repurchase of own shares | |
| 1.5 | Zagreb Stock Exchange Group | |
| 1.6 | Financial instruments used by the Group | |
| 1.7 | Group's objectives and policies related to financial risk management | |
| 1.8 | Group's exposure to price risk, credit risk, liquidity risk and cash flow risk | |
| 1.9 | Statement of transactions and transfers within the Group and between the Group and its shareholders |
|
| 1.10 | Statement of events which might have an adverse effect on Group operations5 | |
| 1.11 | Business results for 01/01/2019 - 30/06/2019 | |
| $\overline{2}$ | Declaration of responsibility for the preparation of financial statements | |
| Consolidated unaudited financial statements of the Company for 01/01/2019 - 30/06/2019 |
In the first three quarters of 2019, the Zagreb Stock Exchange Group (hereinafter: the Group) recorded the following significant business events:
On April 26, 2019, the Zagreb Stock Exchange and Valamar Riviera signed a contract for the transfer of Valamar Riviera from the Official to the PRIME Market.
On May 16, 2019, the Company Lux investment was admitted to trading on the Progress market.
On August 27, 2019, the Zagreb Stock Exchange made a decision for the transfer of Uljanik d.d. from Official to Regular Market
On August 30, 2019, the Zagreb Stock Exchange made a decision on termination the listing of Pounje d.d.
In 2019, the Group will continue to focus on restoring confidence and raising Corporate Governance standards and reporting on a regulated market. The Group will also focus on greater promotion of existing issuers, with a focus on Prime Market.
The Group will press on with previously initiated projects, placing the greatest emphasis on the project of regional SME capital market development (Progress), and further activities related to financing and investing in start-ups (Funderbeam SEE).
By the end of 2019, extensive activities regarding moving to a new version of the T7 trading system will be ended.
The Group invests constant efforts into developing and improving its own service offering and at expending service provision to the Slovenian market as well.
As at September 30, 2019, the companies in the Group held no own shares.
The companies in the Group did not acquire own shares between 1 January 2019 and 30 June 2019.
SEE Link d.o.o., a company domiciled in Skopje. The issued share capital of SEE LINK is EUR 80,000, in which the Zagreb Stock Exchange, Inc. participates with 33.33 %.
The Ljubljana Stock Exchange, Inc., a company domiciled in Ljubljana. The issued share capital of the Ljubljana Stock Exchange is EUR 1,401,000, in which the Zagreb Stock Exchange, Inc. participates with 100 %.
Funderbeam South East Europe d.o.o., a company domiciled in Zagreb. The issued share capital of Funderbeam South East Europe d.o.o. is HRK 244,000, and the Zagreb Stock Exchange, Inc. participates with 20%.
The Group is fully funded by its own capital. The financial instruments the companies in the Group invest in are investment funds (money market and bond funds) and deposits (a vista and fixed-term deposits).
All employees of the companies in the Group, including their Management and Supervisory Board, are involved in the implementation of internal control and risk management systems.
The companies in the Group manage risks, including financial risks, particularly through cooperation and coordination of two mutually independent control functions that exist at Zagreb Stock Exchange and Ljubljana Stock Exchange: monitoring of compliance with relevant regulations and internal audit function.
The companies in the Group, Zagreb Stock Exchange and Ljubljana Stock Exchange, place their excess cash on deposits and invest in open-end money market and bond investment funds. Their investments are carried at fair value. Zagreb Stock Exchange and Ljubljana Stock Exchange mitigate the price risk by diversifying their portfolio of open-end investment funds by investing in different types of funds managed by different fund management companies, and by investing in low-risk funds.
SEE Link and Funderbeam SEE are not exposed to the risks mentioned in this paragraph.
The companies in the Group have no loans received from external financial institutions, rather their cash and financial assets exceed substantially the liabilities of the companies in the Group, and consequently, their liquidity position is satisfactory.
The Group confirms that there were no transactions within the Group and between the Group and its shareholders in excess of EUR 100,000 in the first three quarters of 2019.
The Group confirms that there were no events which might have an adverse effect on Group operations in the first three quarters of 2019.
In the first three quarters of 2019, the Group realized HRK 17,499 thousand of operating income, an increase of HRK +556 thousand or +3% compared to the same year-ago period when operating income amounted to HRK 16,943 thousand. Sales revenues decreased from HRK 11,777 thousand to HRK 11,214 thousand, or by HRK -563 thousand (-5%), which was the most influenced by the decrease in commission and membership fees from HRK 5,704 to HRK 5,325 thousand, or by HRK -379 thousand (-7%). However, comparing the third quarter of 2019 with the same period last year, we can see that commissions and membership fees have increased by slightly over HRK +460 thousand or +29% (from HRK 1,589 to HRK 2,049) and sales revenue have increased accordingly in the same period by HRK +486 thousand or $+$ 14% (from HRK 5,237 to HRK 6,148 thousand). In addition to commissions and membership fees, in the first three quarters of 2019, revenues from assigning and administering LEIs decreased by HRK -33 thousand or -10% (from HRK 334 to HRK 301 thousand) and listing revenues by HRK -262 thousand or -5% (from HRK 4,841 to 4,579 thousand). The revenue items that saw an increase in the first three quarters of 2019 compared to the same period last year are other operating income, which increased by HRK +1,119 thousand or +22% (from HRK 5,166 to HRK 6,284 thousand), and income from quotation maintenance, which increased by HRK +112 thousand or +12% (from HRK 897 to HRK 1,009 thousand).
Total operating expenses of the Group in the first three quarters of 2019 amounted to HRK 17,675 thousand, an increase of HRK +423 thousand (+4%) in comparison to the same period last year when operating expenses amounted to HRK 16,955 thousand. The largest increase was recorded in amortization and depreciation (HRK +479 thousand or +52%, from HRK 916 to HRK 1,396 thousand) and other expenses (HRK +381 thousand +17%, from HRK 2,256 to HRK 2,636 thousand). In addition, staff costs increased from HRK 7,640 to HRK 7,740 thousand (HRK +100 thousand or +1%) and material costs increased from HRK 5,667 to HRK 5,703 thousand (HRK +36 thousand or +1%). In the first three quarters of 2019, other operating expenses decreased compared to the same period last year (HRK-237 thousand or -88%, or from HRK 268 to HRK 31 thousand).
Operating loss amounted to HRK-177 thousand, which is an increase of HRK 165 thousand compared to the first three quarters of 2018 when operating loss amounted to HRK -12 thousand. However, in the first three quarters of 2019, financial income amounted to HRK 1,412 thousand and financial expenses amounted to HRK 436 thousand, which resulted in a positive net result. The Group's total net profit amounted to HRK 803 thousand, an increase of HRK +825 thousand compared to the same period last year when the net loss was HRK-22 thousand.
Operating profit before interest, taxes, depreciation and amortization is positive and in the first three quarters of 2019, it amounted to HRK 1,219 thousand, up by HRK +314 thousand compared to last year's first three quarters when it amounted to HRK 904 thousand.
Financial statements of the Group prepared for the period between 01/01/2019 and 30/09/2019 give a fair and true account of facts in accordance with the International Standards of Financial Reporting and the Croatian Accounting Act.
Consolidated financial statements for the period between 01/01/2019 and 30/09/2019 give an objective, complete and true statement of assets and liabilities, financial position and operations of the Group.
The management report for the first three quarters of 2019 contains a true and fair view of the development and results of operations, with a description of the principal risks and uncertainties to which the Group is exposed.
Consolidated financial statements for the first three quarters of 2019 have not been audited.
ZAGREBAČKA BURZA d.d. Zagreb $\overline{1}$ Ivana Gažić Tomislav Gračan Ment Board President of the Manage Member of the Management Board
Contact Zagreb Stock Exchange, Inc. Ivana Lučića 2a/22 10000 Zagreb Croatia
Phone number: +385/1468 6806 E-mail: [email protected]
$\frac{d^2}{d\mu} \rightarrow \mu \langle 0, \mu \rangle$ with
| Annex 1 | ISSUER'S GENERAL DATA | ||||
|---|---|---|---|---|---|
| Reporting period: | 1.1.2019 | to | 30.9.2019 | ||
| Year: | 2019 | ||||
| Quarter: | 3 | ||||
| Quarterly financial statements | |||||
| histration number (MB): | 03749606 | Issuer's home Member State code: |
HR | ||
| Entity's registration number (MBS): |
080034217 | ||||
| Personal identification number (OIB): |
84368186611 | LEI: | 7478000050A040C0D041 | ||
| Institution code: |
4 | ||||
| Name of the issuer: Zagreb Stock Exchange, Inc. | |||||
| Postcode and town: | 10000 | Zagreb | |||
| et and house number: Ivana Lučića 2a/22 | |||||
| E-mail address: [email protected] | |||||
| Web address: www.zse.hr | |||||
| Number of employees (end of the reporting |
36 | ||||
| Consolidated report | KD | (KN-not consolidated/KD-consolidated) | |||
| Audited: | RN | (RN-not audited/RD-audited) | |||
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |||
| Lubljanska borza d.d. Ljubljana | Slovenska cesta 56, Ljubljana SI5978006 | ||||
| Bookkeeping firm: | Yes | (Yes/No) | Sigma Tax Consulting d.o.o. | ||
| Contact person: Lucija Tropčić | (name of the bookkeeping firm) | ||||
| Telephone: 01/4699-555 | (only name and surname of the contact person) | ||||
| E-mail address: [email protected] | |||||
| Audit firm: | |||||
| Certified auditor: | (name of the audit firm) | ||||
| (name and sumame) |
$\boldsymbol{9}$
balance as at 30.9.2019
in HRK
| Submitter: Zagreb Stock Exchange, Inc | III NRN | ||
|---|---|---|---|
| Item | ADP code |
Last day of the preceding business year |
At the reporting date of the current period |
| $\mathbf{1}$ | $\overline{2}$ | $\overline{3}$ | $\overline{\mathbf{4}}$ |
| ASSETS | |||
| FIXED ASSETS 002+003+009+012 | 1 | 17.259.267 | 18.131.233 |
| I INTANGIBLE ASSETS | $\overline{2}$ | 2.519.987 | 2.730.698 |
| II TANGIBLE ASSETS 004++008 | 3 | 12.275.248 | 12.925.646 |
| 1 Land and buildings | $\overline{4}$ | 10.529.784 | 10.253.596 |
| 2 Computer equipment | 5 | 398.497 | 178.256 |
| 3 Other tangible assets | 6 | 1.291.947 | 1.170.246 |
| 4 Leasehold improvements 5 Assets under construction |
$\overline{7}$ 8 |
0 55.020 |
1.323.548 |
| III FIXED FINANCIAL ASSETS 010+011 | $\overline{9}$ | 2.189.810 | 2.226.996 |
| 1 Investments in associates, subsidiaries and joint ventures | 10 | 42.009 | 72.679 |
| 2 Financial assets at amortised cost | 11 | 2.147.801 | 2.154.317 |
| DEFERRED TAX ASSETS | 12 | 274.222 | 247.893 |
| B CURRENT ASSETS 014+020+024 | 13 | 27.637.863 | 28.238.584 |
| I RECEIVABLES 015++019 | 14 | 3.421.201 | 3.501.955 |
| 1 Trade receivables | 15 | 2.692.589 | 2.863.185 |
| 2 Receivables from employees and members of the undertaking | 16 | 1.470 | 256 |
| 3 Receivables from government and other institutions | 17 | 152.625 | 114.366 |
| 4 Receivables from connected undertakings | 18 | 0 | n |
| 5 Other receivables | 19 | 574.517 | 524.148 |
| III SHORT-TERM FINANCIAL ASSETS 021++023 | 20 | 21.775.488 | 19.635.566 |
| 1 Financial assets at amortised cost | 21 | 4.082.508 | 9.038 |
| 2 Financial assets at fair value through other comprehensive | 22 | $\Omega$ | O |
| 3 Financial assets at fair value through statement of profit or | 23 | 17.692.980 | 19.626.528 |
| III CASH AND CASH EQUIVALENTS | 24 | 2.441.174 | 5.101.063 |
| C PREPAID EXPENSES AND ACCRUED INCOME | 25 | 1.121.576 | 1.427.273 |
| D TOTAL ASSETS 001+013+025 | 26 | 46.018.706 | 47.797.090 |
| E OFF-BALANCE SHEET ITEMS | 27 | 0 | 0 |
| LIABILITIES | |||
| A CAPITAL AND RESERVES 029+030+031+036+037+038 | 28 | 39.503.610 | 40.261.815 |
| I INITIAL CAPITAL | 29 | 46.357.000 | 46.357.000 |
| II CAPITAL RESERVES | 30 | 13.860.181 | 13.860.181 |
| III PROFIT RESERVES 032++035 | 31 | 735.876 | 690.932 |
| 1 Legal reserves 2 Reserves for treasury shares |
32 33 |
141.000 0 |
141.000 |
| 3 Fair value reserves | 34 | O | |
| 4 Other reserves | 35 | 594.876 | 549.932 |
| IV RETAINED PROFIT OR LOSS BROUGHT FORWARD | 36 | $-21.639.001$ | $-21.449.447$ |
| V PROFIT OR LOSS FOR THE YEAR | 37 | 189.554 | 803.149 |
| VI MINORITY INTEREST | 38 | 0 | |
| B PROVISIONS | 39 | 0 | |
| C SHORT-TERM LIABILITIES 041+046 | 40 | 2.084.893 | 2.019.258 |
| 1 Liabilities for advance payments | 41 | 8.945 | 7.712 |
| 2 Trade payables | 42 | 973.562 | 317.273 |
| 3 Liabilities to employees | 43 | 671.054 | 624.491 |
| 4 Taxes, contributions and similar liabilities | 44 | 370.485 | 295.889 |
| 5 Liabilities to connected undertakings | 45 | 0 | |
| 6 Other short-term liabilities | 46 | 60.847 | 773.893 |
| D LONG-TERM LIABILITIES | 47 | 31.110 | 477.958 |
| E DEFERRED TAX LIABILITY | 48 | 223.050 | 222.593 |
| F ACCRUALS AND DEFERRED INCOME | 49 | 4.176.043 | 4.815.466 |
| G TOTAL LIABILITIES 028+039+040+047+048+049 | 50 | 46.018.706 | 47.797.090 |
| H OFF-BALANCE SHEET ITEMS | 51 | 0 | 0 |
| Appendix to the balance sheet (position for consolidated financial statements) | |||
| I Capital and reserves 053+054 | 52 | 39.503.610 | 40.201.130 |
| 1 Attributable to owners of the parent | 53 | 39.503.610 | 40.201.130 |
| 2 Attributable to non-controlling interest | 54 | 0 | $\overline{0}$ |
in HRK
| Submitter: Zagreb Stock Exchange, Inc | |||||
|---|---|---|---|---|---|
| Item | ADP | Same period of the previous year | Current period | ||
| code | Cumulative | Quarter | Cumulative | Quarter | |
| $\mathbf{1}$ | $\overline{2}$ | $\overline{3}$ | $\overline{4}$ | 5 | 6 |
| A OPERATING INCOME 002+009 | $\mathbf{1}$ | 16.943.099 | 5.236.964 | 17.498.734 | 6.147.735 |
| Sales revenue 003++008 | $\overline{2}$ | 11.777.265 | 3.501.032 | 11.214.294 | 3.987.103 |
| 1 Commissions and membership fees | 3 | 5.704.299 | 1.588.940 | 5.324.840 | 2.049.179 |
| 2 Listing maintenance fees | $\overline{4}$ | 4.841.142 | 1.568.206 | 4.578.755 | 1.548.768 |
| 3 Income from quotation maintenance | 5 | 897.579 | 225.789 | 1.009.247 | 292.367 |
| 4 Income from auctions | 6 | 0 | 0 | 0 | 0 |
| 5 Income from memberships | $\overline{7}$ | $\Omega$ | $\Omega$ | $\Omega$ | $\mathbf 0$ |
| 6 Revenue from assigning and administering LEIs | 8 | 334.245 | 118.097 | 301.452 | 96.789 |
| Il Other operating income 010++012 | $\overline{9}$ | 5.165.834 | 1.735.932 | 6.284.440 | 2.160.632 |
| 1 Income from application programming interface (API) services | 10 | $\Omega$ | 0 | $\Omega$ | $\Omega$ |
| 2 Income from the supply of information | 11 | 3.995.520 | 1.389.779 | 4.256.810 | 1.495.518 |
| 3 Other income | 12 | 1.170.314 | 346.153 | 2.027.630 | 665.114 |
| B OPERATING EXPENSES 014+017+021+022+023+026+027 | 13 | 16.955.270 | 5.306.546 | 17.675.550 | 5.604.180 |
| I Material costs 015+016 | 14 | 5.667.548 | 1.639.418 | 5.703.323 | 1.933.255 |
| 1 Costs of raw materials | 15 | 482.069 | 117.525 | 428.035 | 144.560 |
| 2 Other external costs | 16 | 5.185.479 | 1.521.893 | 5.275.288 | 1.788.695 |
| Il Staff costs 018++020 | 17 | 7.639.991 | 2.492.914 | 7.739.973 | 2.485.393 |
| 1 Net salaries and wages | 18 | 5.091.526 | 1.663.430 | 5.072.743 | 1.667.576 |
| 2 Tax and contributions from salary costs | 19 | 1.895.222 | 609.855 | 1.988.991 | 607.291 |
| 3 Payroll contributions | 20 | 653.243 | 219.629 | 678.239 | 210.526 |
| III Depreciation | 21 | 916.145 | 318.322 | 1.395.605 | 467.578 |
| IV Other costs | 22 | 2.255.838 | 749.689 | 2.636.438 | 708.284 |
| V Value adjustment 024+025 | 23 | 207.801 | 89.595 | 169.350 | 9.014 |
| 1 fixed assets (other than financial assets) | 24 | $\Omega$ | $\Omega$ | $\Omega$ | $\mathbf 0$ |
| 2 current assets (other than financial assets) | 25 | 207.801 | 89.595 | 169.350 | 9.014 |
| VI Provisions | 26 | $\Omega$ | 0 | $\Omega$ | $\Omega$ |
| VII Other operating expenses | 27 | 267.947 | 16.608 | 30.861 | 656 |
| C FINANCIAL INCOME 029++034 | 28 | 109.180 | 53.251 | 1.411.564 | 520.997 |
| 1 Interest, exchange rate differences, dividends and similar | 29 | 13.172 | $-1.912$ | 17.670 | 6.113 |
| 2 Interest, exchange rate differences, dividends and similar | 30 | 67.292 | 29.452 | 145.456 | 110.911 |
| 3 Income share from associates and participating interests | 31 | $\Omega$ | $\Omega$ | $\Omega$ | $\Omega$ |
| 4 Unrealised gains (income) from financial assets | 32 | 28.716 | 28.716 | 1.248.438 | 403.973 |
| 5 Profit from reversal of provisions for impairment for expected | 33 | $\Omega$ | $\Omega$ | $\Omega$ | $\mathbf 0$ |
| 6 Other financial income | 34 | $\Omega$ | $-3.005$ | $\Omega$ | $\mathbf 0$ |
| D FINANCIAL EXPENSES 036++040 | 35 | 18.733 | $-194.675$ | 436.183 | 329.834 |
| 1 Interest, exchange rate differences and other expenditures with | 36 | 4.678 | 1.444 | 1.180 | $-19.051$ |
| 2 Interest, exchange rate differences and other expenditure from | 37 | 13.970 | 4.127 | 71.651 | 17.525 |
| 3 Unrealised losses (expenses) from financial assets | 38 | 5 5 | $-200.246$ | 362.737 | 362.737 |
| 4 Loss on impairment for expected credit losses | 39 | 80 1 | 80 | $\Omega$ | $\Omega$ |
| 5 Other financial expenses | 40 | $\Omega$ | $-80$ | 615 | $-31.377$ |
| E TOTAL INCOME 001+028 | 41 | 17.052.279 | 5.290.215 | 18.910.298 | 6.668.732 |
| F TOTAL EXPENDITURE 013+035 | 42 | 16.974.003 | 5.111.871 | 18.111.733 | 5.934.014 |
| G Share in profit/loss of associates and subsidiaries | 43 | $-18.941$ | 9.448 | 30.362 | 37.037 |
| H PRE-TAX PROFIT OR LOSS 041-042+043 | 44 | 59.335 | 187.792 | 828.927 | 771.755 |
| I INCOME TAX | 45 | 81.019 | $-34.858$ | 25.778 | 6.835 |
| J PROFIT OR LOSS FOR THE PERIOD 044-045 | 46 | $-21.684$ | 222.650 | 803.149 | 764.920 |
| 1 Change in revaluation reserves (property, plant, | 47 | $\overline{0}$ | 0 | ||
| 2 Actuarial gains/losses on defined benefit pension plans | 48 | $\overline{0}$ | $\mathbf{0}$ | 0 | |
| 3 Unrealised gains/losses on financial assets at fair value | 49 | $\overline{0}$ | 0 | 0 | 0 |
| through other comprehensive income | |||||
| 4 Gains/losses on hedging instruments in a cash flow hedge | 50 | $\Omega$ | 0 | $\mathbf 0$ | |
| 5 Gains/losses arising from translation of financial | 51 | $-195.967$ | 257.193 | -44.944 | 28.922 |
| 6 Income tax on other comprehensive income | 52 | $\overline{0}$ | $\Omega$ | ||
| K OTHER COMPREHENSIVE INCOME 047++052 | 53 | $-195.967$ | 257.193 | -44.944 | 28.922 |
| TOTAL COMPREHENSIVE INCOME 046+053 | 54 | $-217.651$ | 479.843 | 758.205 | 793.842 |
| M RECLASSIFICATION ADJUSTMENTS | 55 | 0 | 0 | 0 | |
| Appendix ** Attributable to owners of the parent |
56 | $-217.651$ | 479.843 | 758.205 | 793.842 |
| Attributable to non-controlling interest | 57 | $\overline{0}$ | $\Omega$ | $\Omega$ | 0 |
| in HRK | |||
|---|---|---|---|
| Submitter: Zagreb Stock Exchange, Inc | |||
| Item | ADP code |
Same period of the previous year |
Current period |
| 1 | $\overline{2}$ | 3 | 4 |
| CASH FLOW FROM OPERATING ACTIVITIES | |||
| 1 Pre-tax profit | 1 | 59.335 | 828.927 |
| 2 Depreciation | $\overline{2}$ | 916.145 | 1.395.605 |
| 3 Increase in short-term liabilities | $\overline{3}$ | O | |
| 4 Decrease in short-term receivables | 4 | 117.254 | 155.928 |
| 5 Decrease in inventories | 5 | 742 | 3.472 |
| 6 Loss on impairment for expected credit losses | $6\overline{6}$ | O | 0 |
| 7 Other cash flow increase | 7 | 656.851 | $\Omega$ |
| I Total cash flow increase from operating activities $001 + + 007$ |
8 | 1.750.327 | 2.383.932 |
| 1 Decrease in short-term liabilities | 9 | 1.157.825 | 779.873 |
| 2 Increase in short-term receivables | 10 | 0 | |
| 3 Increase in inventories | 11 | 0 | 0 |
| 4 Profit from reversal of provisions for impairment for expected | 12 | O | |
| 5 Other cash flow decrease | 13 | 686.334 | 1.293.914 |
| Il Total cash flow decrease from operating activities $009 + + 013$ |
14 | 1.844.159 | 2.073.787 |
| CASH FLOW FROM INVESTMENT ACTIVITIES | |||
| 1 Cash receipts from sale of fixed tangible and intangible assets | 15 | 1.524.059 | 0 |
| 2 Cash receipts the from sale of equity instruments and debt | 16 | 0 | 0 |
| 3 Interest received | 17 | 0 | 0 |
| 4 Dividends received | 18 | O | O |
| 5 Other cash receipts from investment activities | 19 | 2.358.793 | 4.393.883 |
| III Total cash receipts from investment activities 015++019 | 20 | 3.882.852 | 4.393.883 |
| 1 Cash payments for the purchase of fixed tangible and intangible | 21 | 129.103 | 435.484 |
| 2 Cash payments for the acquisition of equity financial | 22 | $\Omega$ | |
| 3 Other cash payments from investment activities | 23 | 2.929.198 | 1.000.000 |
| IV Total cash payments from investment activities $021 + + 023$ |
24 | 3.058.301 | 1.435.484 |
| CASH FLOW FROM FINANCING ACTIVITIES | |||
| 1 Cash receipts from the issue of equity financial instruments and debt financial instruments |
25 | 0 | $\mathbf{0}$ |
| 2 Cash receipts from credit principals, debentures, loans and other borrowings |
26 | $\mathbf{0}$ | $\mathsf{O}\xspace$ |
| 3 Other cash receipts from financing activities | 27 | 0 | $\mathbf 0$ |
| V Total cash receipts from financing activities 025++027 | 28 | 0 | $\bf{0}$ |
| 1 Cash payments for credit principals and bonds | 29 | 0 | $\pmb{0}$ |
| 2 Cash payments for dividends | 30 | O | 0 |
| 3 Cash payments for finance lease | 31 | 62.722 | 44.731 |
| 4 Cash payments for the redemption of treasury shares | 32 | 0 | |
| 5 Other cash payments from financing activities | 33 | 0 | 563.924 |
| VI Total cash payments from operating activities 029++033 | 34 | 62.722 | 608.655 |
| VII Cash and cash equivalents at the beginning of period | 35 | 1.848.893 | 2.441.174 |
| VIII Increase of cash and cash equivalents | 36 | 667.997 | |
| IX Decrease of cash and cash equivalents | 37 | $-2.659.889$ | |
| X Cash and cash equivalents at the end of period | 38 | 2.516.890 | 5.101.063 |
| STATEMENT OF CHANGES IN EQUITY | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| for the period from | 1.1.2019 | g | 30.9.2019 | in HRK | ||||||
| Item | ADP | Subscribed | Capital | Profit | Attributable to owners of the parent Profit or loss |
profit or loss Retained |
Fair value | revaluati Other |
Attributable to non- | Total capital and |
| capital | reserves | reserves | for the year (period) |
brought forward |
reserves | reserves δ |
controlling interests | reserves | ||
| 2 | 3 | 4 | 5 | 6 | $^{\circ}$ | Θ | $\overline{0}$ | Ξ | ||
| previous the đ day first Balance on the business year |
$\overline{\phantom{0}}$ | 46.357.000 | 13.860.181 | 141.000 | $-3.754.703$ | $-17.620.569$ | $\circ$ | 896.018 | ᅙ | 39.878.92 |
| Change in accounting policies | $\mathbf{z}$ | $\circ$ | ⊃∣ | 0 | .871 $-323$ |
$\circ$ | O | -87 323. |
||
| Correction of errors from prior periods | 3 | $\circ$ | $\overline{\circ}$ | $\circ$ | 이이 | $\circ$ | $\circ$ | $\circ$ | $\overline{\circ}$ | |
| previous Balance on the first day of the business year (restated) |
4 | 46.357.000 | 13.860.181 | 141.000 | 3.754.703 | $-17.944.440$ | $\circ$ | 896.018 | $\circ$ | 39.555.056 |
| Profit or loss for the period | 5 | $\circ$ | $\circ$ | O | 189.554 | $\circ$ | $\circ$ | $\circ$ | $\circ$ | 189.554 |
| Unrealised gains or losses on financial assets at fair value through other comprehensive income |
6 | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | o |
| Other changes in equity unrelated to owners | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $-241.001$ | $\circ$ | 241.00 | |
| and income Total directly recognized |
||||||||||
| expenses of the previous year (previous year periods) |
$\infty$ | $\circ$ | $\circ$ | $\circ$ | 189.554 | $\circ$ | O | $-241.001$ | $\circ$ | 51.447 |
| Increase/decrease in subscribed capital | ၜ | $\circ$ | O | $\circ$ | $\overline{\circ}$ | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | |
| Other contributions by owners | $\overline{C}$ | $\circ$ | $\circ$ | $\circ$ | $\overline{0}$ | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | |
| Payment of share in profit/dividend | $\overline{1}$ | $\circ$ | 이이 | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | 0 |
| Other distribution to owners | 12 | $\circ$ | $\circ$ | 3.754.703 | 3.694.561 | $\circ$ | $-60.141$ | $\circ$ | ||
| Balance on the last day of the previous business year reporting period |
S | 46.357.000 | 13.860.181 | 141.000 | 189.554 | 21.639.001 | Ō | 594.876 | $\circ$ | 39.503.610 |
| current the Balance on the first day of business year |
4 | 46.357.000 | 13.860.181 | 141.000 | 189.554 | $-21.639.001$ | $\circ$ | 594.876 | $\circ$ | $rac{10}{2}$ 503. 39. |
| Change in accounting policies | 5 | 0 | O | $\circ$ | 0 | o | ||||
| Correction of errors from prior periods | 0 | $\circ$ | $\circ$ | $\circ$ | $\frac{1}{\sqrt{2}}$ | $\frac{1}{\sqrt{2}}$ | $\circ$ | $\circ$ | 이어 | o |
| current the ð Balance on the first day business year (restated) |
$\overline{\phantom{0}}$ | 46.357.000 | 13.860.181 | 141.000 | 189.554 | 21.639.001 | $\circ$ | 594.876 | $\circ$ | 39.503.610 |
| Profit or loss for the period | $\infty$ | 0 | $\overline{\circ}$ | 0 | 803.149 | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | 803.149 |
| Unrealised gains or losses on financial assets at fair value through other comprehensive income |
Φ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | o |
| Other changes in equity unrelated to owners | $\overline{a}$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\overline{\circ}$ | $\circ$ | $-44.944$ | $\circ$ | 44,944 |
| and expenses of the current year (current income Total directly recognised period) |
21 | $\circ$ | $\circ$ | $\circ$ | 803.149 | O | $\circ$ | -44.944 | $\circ$ | 758.205 |
| Increase/decrease in subscribed capital | 22 | 0 | $\circ$ | $\circ$ | 이 | ∘∣ | $\circ$ | O | O | |
| Other contributions by owners | $\circ$ | $\circ$ | $\overline{\circ}$ | $\circ$ | 이이 | $\circ$ | $\circ$ | $\circ$ | O | |
| Payment of share in profit/dividend | $ \mathfrak{A} $ ង $ \mathfrak{A} $ | $\circ$ | $\frac{1}{\sqrt{2}}$ | $\overline{\circ}$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | $\circ$ | O |
| Other distribution to owners | $\circ$ | $\circ$ | $-189.554$ | 189.554 | $\circ$ | $\circ$ | $\circ$ | 0 | ||
| Balance on the last day of the current business year reporting period |
26 | 46.357.000 | 13.860.181 | 141.000 | 803.149 | $-21.449.447$ | $\overline{\circ}$ | 549.932 | $\circ$ | 40 261.815 |
NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods)
Name of the issuer: Zagreb Stock Exchange, Inc.
Personal identification number (OIB): 84368186611
Reporting period: 1.1.2019 - 30.9.2019
Notes to financial statements for quarterly periods include:
a) an explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the quarterly reporting period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the quarterly reporting period
c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the quarterly reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes
d) a description of the financial performance in the case of the issuer whose business is seasonal.
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