Quarterly Report • Oct 24, 2022
Quarterly Report
Open in ViewerOpens in native device viewer
Unconsolidated unaudited financial results for
1/1/2022 – 30/9/2022
24 October 2022
| 1 | INTERIM MANAGEMENT REPORT FOR THE PERIOD BETWEEN 1/1/2022 AND 30/9/2022 1 | ||
|---|---|---|---|
| 1.1 | Significant business events of the Zagreb Stock Exchange, Inc. in the period between 1/1/2022 and 30/9/2022 1 |
||
| 1.2 | Zagreb Stock Exchange overview 3 | ||
| 1.3 | Expected future development of the Company 8 | ||
| 1.4 | Research & Development activities 8 | ||
| 1.5 | Information on repurchase of own shares 8 | ||
| 1.6 | Subsidiaries of the Company 9 | ||
| 1.7 | Financial instruments used by the Company 9 | ||
| 1.8 | Company's objectives and policies related to financial risk management 9 | ||
| 1.9 | Company's exposure to price risk, credit risk, liquidity risk and cash flow risk 10 | ||
| 1.10 | Statement of transactions and transfers between the Company and its subsidiaries and shareholders 10 |
||
| 1.11 | Statement of events which might have an adverse effect on Company operations 10 | ||
| 1.12 | Business results for 1/1/2022 – 30/9/2022 11 | ||
| 2 | DECLARATION OF RESPONSIBILITY FOR THE PREPARATION OF FINANCIAL STATEMENTS 15 | ||
| Unconsolidated unaudited financial statements of the Company for 1/1/2022 – 30/9/2022 16 |
In the first three quarters of 2022, the Zagreb Stock Exchange, Inc. (hereinafter: the Company or the Exchange) recorded the following significant business events:
1 More in the Notes to the financial statements in item 10.
In the third quarter of 2022, the total turnover amounted to HRK 668 million, which is +16.5% more than in the same period of 2021, while the total turnover since the beginning of the year, i.e., in the first three quarters of 2022, amounts to HRK 2,174 million (+21% compared to the first three quarters of 2021).
| HRK | 3Q 2021 | 3Q 2022 | change | 1-3Q 2021 | 1-3Q 2022 | change |
|---|---|---|---|---|---|---|
| TOTAL TURNOVER | 572.906.102 | 667.525.100 | 16,52% | 1.793.108.045 | 2.174.427.274 | 21,27% |
| Orderbook turnover | 495.368.602 | 356.627.309 | -28,01% | 1.423.870.593 | 1.483.676.104 | 4,20% |
| Stocks | 464.683.896 | 342.586.776 | -26,28% | 1.269.205.161 | 1.391.271.712 | 9,62% |
| Bonds | 24.110.051 | 2.315.625 | -90,40% | 116.666.677 | 35.336.046 | -69,71% |
| ETFs | 6.574.656 | 11.724.907 | 78,33% | 37.998.754 | 57.068.346 | 50,18% |
| Block turnover | 77.537.500 | 310.897.791 | 300,96% | 369.237.452 | 690.751.170 | 87,08% |
| Equity Block | 77.537.500 | 310.897.791 | 300,96% | 369.237.452 | 690.751.170 | 87,08% |
| Debt Block | 0 | 0 | 0 | 0 |
The biggest jump in the amount of daily turnover began to be noticed in late February following the start of the war in Ukraine. The next few weeks were marked by high volatility, and the initial shock did not subside until late March. The continuation of the year brought mostly positive sentiment, but in the third quarter, the orderbook turnover was -28% lower than in the third quarter of 2021, i.e., HRK 356 million (3Q 2021: HRK 495 million). Of this amount, HRK 343 million refers to stock turnover (3Q 2021: HRK 465 million), HRK 2 million to bond turnover (3Q 2021: HRK 24 million), while ETFs achieved a turnover of HRK 12 million (3Q 2021: HRK 6,6 million). The equity block turnover increased by more than +300% and amounted to almost HRK 311 million (3Q 2021: HRK 77.5 million), while the debt block turnover was absent as in the same period last year. Since the beginning of 2022, the total turnover has reached HRK 2,174 million, which is as much as +21% more than in the first nine months of last year (1-3Q 2021: HRK 1,793 million). Within the orderbook in the first three quarters of 2022, the stock turnover amounted to HRK 1,391 million and is higher by +9.6% (1-3Q 2021: HRK 1,269 million), the bond turnover was only HRK 35 million and lower by almost -70% (1-3Q 2021: HRK 117 million), while ETF turnover increased by +50% and amounts to HRK 57 million (1-3Q 2021: HRK 38 million). The largest part of equity block turnover was realized in the first quarter, and at the level of the first nine months, it amounts to a significant HRK 691 million, which is an increase of as much as +87% compared to the same period in 2021 (1-3Q 2021: HRK 369 million).
The market value measured by market capitalization as of 30 September 2022 was lower by a total of almost HRK 15 billion compared to the last day of September 2021. The equity market capitalization is lower by HRK -3 billion or -2.2%, with the market capitalization of the Prime Market lower by -9.9%, the Regular Market by -1.3%, and Official Market higher by +1.6%. The debt market capitalization is lower by -8.7% while the value of ETFs decreased by -9.4%.
| Market capitalization (HRK) | Number of listed securities | |||||
|---|---|---|---|---|---|---|
| 30.9.2021 | 30.9.2022 | change | 30.9.2021 | 30.9.2022 | change | |
| TOTAL | 271.965.821.434 | 257.108.946.162 | -5,46% | 131 | 131 | 0,00% |
| Stocks | 135.912.760.343 | 132.853.913.043 | -2,25% | 100 | 96 | -4,00% |
| Prime Market | 31.066.430.348 | 28.004.075.875 | -9,86% | 6 | 6 | 0,00% |
| Official Market | 47.524.434.605 | 48.263.850.899 | 1,56% | 23 | 21 | -8,70% |
| Regular Market | 57.321.895.391 | 56.585.986.269 | -1,28% | 71 | 69 | -2,82% |
| Bonds | 135.994.721.823 | 124.202.154.774 | -8,67% | 29 | 33 | 13,79% |
| ETFs | 58.339.269 | 52.878.345 | -9,36% | 2 | 2 | 0,00% |
Compared to the end of the third quarter of 2021, as of 30 September 2022, two less shares were listed on the Regular and the Official Market, while the number of stocks listed on the Prime Market remained unchanged. In the period from January 1 to September 30, 2022, the shares of the company Mon Perin were listed, and the shares of the companies Petrokemija and Optima telekom were delisted from the Official Market, while the shares of the companies Stanovi Jadran and Quattro logistika were listed, and the shares of the companies Koka and Koteks were delisted from the Regular market.
With the exception of the strengthened CROBEXplus (+5%), CROBEXkonstrukt (+10%) and CROBEXtransport (+29%), all other stock indices decreased compared to the closing value on September 30, 2021. CROBEXindustrija (-14%) weakened the most, followed by CROBEXnutris (-8.7%), CROBEXprime (-8.6%) and CROBEXturist (-8.4%). The ADRIAprime regional index fell by -9.5%, while the bond indices fell by -13% (CROBIS) and -10.9% (CROBIStr).
5
* (=x/10)
* (=x/10)
In 2022, the Company will continue to focus on restoring confidence and raising Corporate Governance standards and reporting on a regulated market. The Company will also focus on greater promotion of existing issuers, with a focus on Prime Market. The Company will continue internally to develop IT services that will be used by the Zagreb and Ljubljana Stock Exchanges, and thus further reduce the need for external suppliers.
The Company 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).
The Company has pressed on with continuous efforts at developing and improving its own service offering and at expanding service provision to the Slovenian market as well.
In 2021, the biggest focus was on the development of Exchange's own trading monitoring software, Zeus, as well as on the Exchange's strategy development project for the next five years. The Exchange also participated in the CCP implementation project for the Republic of Croatia and successfully implemented new trading system releases and other infrastructure optimization activities.
In 2022, the Exchange is intensively carrying out activities and preparatory actions for the introduction of the euro as the official currency in the Republic of Croatia from January 1, 2023.
In the period between 1 January 2022 and 30 September 2022, the Company acquired 32 of its shares in a corporate action to reduce the share capital by merging the Company's shares, and as of 30 September 2022, the Company holds 32 own shares, which represents 0.0014% of the Company's issued share capital.
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 %.
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%.
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 share of the Zagreb Stock Exchange, Inc. in the share capital is 30%.
On September 30, 2022, the Zagreb Stock Exchange, Inc. holds a total of 837 shares, i.e., 29.98% of the share capital of Macedonian Stock Exchange, Inc.
The Company is fully funded by its own capital. The financial instruments the Company invests in are investment funds (money market and bond funds) and bank deposits.
All employees of the Company, including its Management and Supervisory Board, are involved in the implementation of internal control and risk management systems.
The Company manages risks, including financial risks, particularly through two mutually independent control functions: monitoring of compliance with relevant regulations and internal audit function.
These control functions process and monitor the work of all organizational units, Company activities and support services.
The Company invests free funds in open-end money market and bond investment funds, as well as bank deposits. Its investments are carried at fair value. The Company mitigates the price risk by diversifying its portfolio of open-end investment funds it by investing in different types of funds managed by different fund management companies, and by investing in low-risk funds.
The Company has no loans received, rather its cash and financial assets exceed substantially the liabilities of the Company, and consequently, the Company's liquidity position is satisfactory.
The Company confirms that in 2022 there were no transactions between the Company and its subsidiaries and shareholders in excess of EUR 100,000.
The ongoing war in Ukraine and sanctions against the Russian Federation are affecting economies in Europe and the world. The Company has no significant exposure in Ukraine, Russia and Belarus. However, the effect on the general economic situation may require a revision of certain assumptions and estimates, which may lead to significant adjustments in the carrying amount of certain assets and liabilities over the next financial year. At this stage, management cannot reliably assess the impact as new developments take place day by day.
After the balance sheet date, in accordance with the Capital Market Act, the Exchange Rules and the Resolution of the General Assembly of the Exchange dated June 14, 2022, by which the Exchange Management Board is authorized to acquire own shares during a period of 5 years from the date of the adoption of that Resolution, the Zagreb Stock Exchange launched the Own Shares Buy-Back Program starting as of October 3, 2022, and lasting until October 2, 2023, at the latest. From the launch of the Program to the date of publication of these financial statements, the company Privredna banka Zagreb, in the name and on behalf of the Stock Exchange, made several acquisitions of Stock Exchange shares (own shares) on the Regulated Market, about which the Stock Exchange timely informs the investment public.
Apart from the above, no other business events or transactions have occurred after the balance sheet date that would have a material impact on the financial statements on or for the period then ended or are of such importance to the Company's operations that it would require disclosure in the management report.
In the first three quarters of 2022, the Company generated a total of HRK 11,143 thousand of operating revenues, which is HRK +979 thousand or +9.6% more than in the same period last year when they amounted to HRK 10,163 thousand. Compared to the first nine months of 2021, sales revenue increased from HRK 7,088 to HRK 7,749 thousand, i.e., by HRK +661 thousand or +9.3%. The increase in sales revenue is primarily the result of an increase in income from commissions and membership fees, which, following the increased securities turnover from the end of February to mid-March this year, reached the amount of HRK 3,005 thousand by the end of the third quarter of this year; HRK +434 thousand or +16.9% more compared to the first three quarter of 2021, when they amounted to HRK 2,571 thousand. Considering the approximately equal number of listed securities, the income from listing maintenance fees remained in the first three quarters of 2022 at the same level as in the same period last year. In the first nine months of 2022, the income from listing maintenance fees amounts to HRK 3,838 thousand, which is an increase of HRK +35 thousand or +0.9% (1-3Q 2021: HRK 3,804 thousand). In the period from January 1 to September 30, 2022, eight newly securities were listed more than in the same period last year, so income from quotation maintenance increased by HRK +193 thousand or +27% and amounted to HRK 906 thousand (1-3Q 2021: HRK 713 thousand). Compared to the first nine months of 2021, other operating income increased by HRK +318 thousand or +10.3%, i.e., from HRK 3,075 to HRK 3,393 thousand. The stated increase in other operating income is a consequence of the increase in other income by HRK +342 thousand or +27.3% which amounted to HRK 1.595 thousand and includes income from education and income from issuing and maintaining LEI (1-3Q 2021: HRK 1,253 thousand). Income from the supply of information slightly fell by HRK -24 thousand or -1.3% and amounted to HRK 1,798 thousand (1-3Q 2021: HRK 1,822 thousand).
Observing only the third quarter of 2022, the total Company's operating income amounts to HRK 3,632 thousand, which is an increase of HRK +396 thousand (+12.3%) compared to the third quarter of last year, when operating income amounted to HRK 3,235 thousand. Sales revenues increased from HRK 2,319 thousand in the third quarter of 2021 to HRK 2,553 thousand in the same period of the current year. The increase in income from commissions and membership fees from HRK 826 to HRK 870 thousand contributes to this increase (HRK +44 thousand or +5.3%). Due to the larger number of newly listed securities, Income from quotation maintenance increased from HRK 230 to HRK 3787 thousand (HRK +148 thousand or +64,2%), while income from listing maintenance fees increased by HRK +42 and amounts to HRK 1,304 thousand (3Q 2021: HRK 1,262 thousand). Other operating income increased from HRK 916 to HRK 1,079 thousand (HRK +163 thousand or +17.8%). Within other operating income, income from the supply of information increased from HRK 526 to HRK 570 thousand (HRK +44 thousand or +8.3%), and other income increased from HRK 390 to HRK 509 thousand (HRK +119 thousand or +30.6%).
Along with the normalization of business operations after two pandemic years, the Company began to record an increase in operating expenses, while the impact of inflation on their amount should also be taken into account. The Company's total operating expenses in the first nine months of 2022 were thus HRK +1,055 thousand (+10.6%) higher than in the first nine months of 2021 and amounted to HRK 10,979 thousand (1-3Q 2021: HRK 9,924 thousand). Apart from the value adjustment, which fell by HRK -22 thousand and amounts to HRK 20 thousand, all items of operating expenses are higher in the first nine months of 2022 compared to the same period last year:
In the third quarter of 2022 alone, operating expenses amount to HRK 3,475 thousand, which is an increase of HRK +213 thousand or +6.5% compared to the same period last year (3Q 2021: HRK 3,362 thousand). The biggest increase was recorded in other costs, which amounted to HRK 329 thousand in the third quarter of 2021, and HRK 512 thousand in the same period of the current year (HRK +183 thousand or +55.5%). In addition to them, staff costs increased from HRK 1,586 to HRK 1,752 thousand (HRK +166 thousand or +10.5%), depreciation from HRK 302 to HRK 333 thousand (HRK +31 thousand or +10.4%), and other operating expenses from HRK 2 to HRK 12 thousand (HRK +10 thousand). A decrease was recorded in material costs (HRK -147 thousand or -14%, i.e., from HRK 1,044 to HRK 897 thousand), while the value adjustment was in the positive amount of HRK 30 thousand (3Q 2021: 0).
| 000 HRK | 1-3Q 2021 | 1-3Q 2022 | change | 3Q 2021 | 3Q 2022 | change |
|---|---|---|---|---|---|---|
| Number of shares | 4.636 | 2.318 | -50,00% | 4.636 | 2.318 | -50,00% |
| Share capital | 46.357 | 23.179 | -50,00% | 46.357 | 23.179 | -50,00% |
| Capital and reserves | 43.309 | 43.649 | 0,78% | 43.309 | 43.649 | 0,78% |
| Total assets | 51.121 | 51.716 | 1,17% | 51.121 | 51.716 | 1,17% |
| Operating income | 10.163 | 11.143 | 9,63% | 3.235 | 3.632 | 12,25% |
| sales revenue | 7.088 | 7.749 | 9,33% | 2.319 | 2.553 | 10,06% |
| other operating income | 3.075 | 3.393 | 10,34% | 916 | 1.079 | 17,81% |
| Operating expenses | 9.924 | 10.979 | 10,63% | 3.262 | 3.475 | 6,53% |
| material costs | 2.820 | 3.049 | 8,10% | 1.044 | 897 | -14,09% |
| staff costs | 5.088 | 5.504 | 8,19% | 1.586 | 1.752 | 10,46% |
| depreciation | 854 | 976 | 14,30% | 302 | 333 | 10,41% |
| other costs | 1.163 | 1.450 | 24,73% | 331 | 494 | 49,27% |
| EBIT | 239 | 164 | -31,55% | -27 | 156 | -676,95% |
| EBITDA | 1.093 | 1.140 | 4,27% | 275 | 490 | 78,16% |
| Financial income | 996 | 484 | -51,43% | 38 | 111 | 193,09% |
| Financial expenses | 380 | 855 | 125,05% | 122 | 177 | 45,38% |
| Pre-tax profit or loss | 855 | -208 | -124,28% | -111 | 91 | -181,83% |
| Income tax | 0 | 0 | 0 | 0 | ||
| Profit or loss for the period | 855 | -208 | -124,28% | -111 | 91 | -181,83% |
| Other comprehensive income |
0 | 529 | 0 | 7 | ||
| Total comprehensive income |
855 | 321 | -62,43% | -111 | 98 | -188,29% |
| Number of employees | 26 | 25 | -3,85% | 26 | 25 | -3,85% |
The Company's operating profit in the first three quarters of 2022 amounted to HRK 164 thousand, while in the same period last year it amounted to HRK 239 thousand (HRK -75 thousand or -31.6%). At the level of the third quarter, the Company reports an operating profit in the amount of HRK 156 thousand, while the operating loss in the same period last year amounted to HRK -27 thousand. Financial income recorded a significant decrease in the first nine months of the year, and increase in the third quarter compared to the same periods last year. In the first three quarters of 2022, financial income amounted to HRK 484 thousand (HRK -512 thousand or -51.4%), while financial income in the third quarter accounted for HRK 111 thousand (HRK +73 thousand or +193%). In the first nine months of this year, financial expenses amount to HRK 855 thousand (HRK +475 thousand or +125%), while in the second quarter alone they are higher by HRK +55 thousand and amount to HRK 177 thousand. Changes in the movement of financial income and expenses are primarily the result of the negative yield of bond funds in which the Company has invested free funds.
Given the above, the Company's net loss in the first three quarters of 2022 amounted to HRK -208 thousand, which is HRK -1,063 thousand (-124%) less than in the first nine months last year when the Company's net profit amounted to HRK 855 thousand. In the third quarter of 2022, the Company's net profit amounts to HRK 91 thousand, while the net loss of the same period last year amounted to HRK -111 thousand.
Operating profit before interest, taxes, depreciation and amortization in the first nine months of 2022 is positive and amounts to HRK 1,140 thousand, i.e., HRK +47 thousand more than in the first three quarters of 2021, while in the third quarter of 2022 amounts to HRK 490 thousand, i.e., HRK +215 thousand more than in the same period last year when it amounted to HRK 275 thousand.
Financial statements of the Zagreb Stock Exchange, Inc. prepared for the period between 1/1/2022 and 30/9/2022 give a fair and true account of facts in accordance with the International Standards of Financial Reporting and the Croatian Accounting Act.
Unconsolidated financial statements for the period between 1/1/2022 and 30/9/2022 give an objective, complete and true statement of assets and liabilities, financial position and operations of the Company.
The management report for the first three quarters of 2022 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 Company is exposed.
Unconsolidated financial statements for the first three quarters of 2022 have not been audited.
Contact Zagreb Stock Exchange, Inc. Ivana Lučića 2a/22 10000 Zagreb Croatia
Phone number: +385/ 1 4686 806 E-mail: [email protected]
Unconsolidated unaudited financial statements of the Company for 1/1/2022 – 30/9/2022
| Annex 1 | ISSUER'S GENERAL DATA | ||
|---|---|---|---|
| Reporting period: | 1.1.2022 | 30.9.2022 to |
|
| Year: | 2022 | ||
| Quarter: | 3 | ||
| Quarterly financial statements | |||
| Registration number (MB): 03749606 |
Member State code: | Issuer's home HR |
|
| Entity's registration 080034217 number (MBS): |
|||
| Personal identification 84368186611 number (OIB): |
7478000050A040C0D041 LEI: |
||
| Institution 4 code: |
|||
| Name of the issuer: Zagreb Stock Exchange, Inc | |||
| Postcode and town: 10000 |
Zagreb | ||
| Street and house number: Ivana Lučića 2a/22 | |||
| E-mail address: [email protected] | |||
| Web address: www.zse.hr | |||
| Number of employees | |||
| 2 5 (end of the reporting |
|||
| Consolidated report: KN |
(KN-not consolidated/KD-consolidated) | KN | KD |
| Audited: RN |
(RN-not audited/RD-audited) | RN | RD |
| Names of subsidiaries (according to IFRS): | Registered office: | MB: | |
| Ljubljanska borza vrednostnih papirjev d.d. | Ljubljana, Slovenija | 5316081 | |
| Yes No |
|||
| Bookkeeping firm: Yes |
(Yes/No) | Sigma Tax Consulting d.o.o. (name of the bookkeeping firm) |
|
| Contact person: Martina Butković | (only name and surname of the contact person) | ||
| Telephone: 01/4699-555 | |||
| E-mail address: [email protected] | |||
| Audit firm: (name of the audit firm) |
| BALANCE SHEET | |||
|---|---|---|---|
| balance as at 30.9.2022 | in HRK | ||
| Submitter: Zagreb Stock Exchange, Inc | |||
| Item | ADP code |
Last day of the preceding business year |
At the reporting date of the current period |
| 1 | 2 | 3 | 4 |
| ASSETS | |||
| FIXED ASSETS 002+003+009+012 | 1 | 26.669.627 | 35.008.728 |
| I INTANGIBLE ASSETS | 2 | 918.751 | 1.315.461 |
| II TANGIBLE ASSETS 004+…+008 | 3 4 |
4.202.560 2.837.671 |
4.399.535 2.345.273 |
| 1 Land and buildings 2 Computer equipment |
5 | 742.389 | 1.376.960 |
| 3 Other tangible assets | 6 | 179.851 | 130.138 |
| 4 Leasehold improvements | 7 | 442.649 | 547.164 |
| 5 Assets under construction | 8 | 0 | 0 |
| III FIXED FINANCIAL ASSETS 010+011 | 9 | 21.548.316 | 29.293.732 |
| 1 Investments in associates, subsidiaries and joint ventures | 10 | 19.400.367 | 28.629.446 |
| 2 Financial assets at amortised cost | 11 | 2.147.949 | 664.286 |
| DEFERRED TAX ASSETS B CURRENT ASSETS 014+020+024 |
12 13 |
0 24.681.493 |
0 16.153.374 |
| I RECEIVABLES 015++019 | 14 | 2.334.007 | 1.919.057 |
| 1 Trade receivables | 15 | 1.722.654 | 1.257.621 |
| 2 Receivables from employees and members of the undertaking | 16 | 524 | 1.571 |
| 3 Receivables from government and other institutions | 17 | 8.284 | 8.094 |
| 4 Receivables from connected undertakings | 18 | 5.638 | 27.211 |
| 5 Other receivables | 19 | 596.907 | 624.560 |
| III SHORT-TERM FINANCIAL ASSETS 021+…+023 | 20 | 18.985.735 | 13.686.523 |
| 1 Financial assets at amortised cost | 21 | 4.506.448 | 4.700.342 |
| 2 Financial assets at fair value through other comprehensive 3 Financial assets at fair value through statement of profit or |
22 23 |
0 14.479.287 |
0 8.986.181 |
| III CASH AND CASH EQUIVALENTS | 24 | 3.361.751 | 547.794 |
| C PREPAID EXPENSES AND ACCRUED INCOME | 25 | 70.962 | 554.180 |
| D TOTAL ASSETS 001+013+025 | 26 | 51.422.082 | 51.716.282 |
| E OFF-BALANCE SHEET ITEMS | 27 | 0 | 0 |
| LIABILITIES | |||
| A CAPITAL AND RESERVES 029+030+031+036+037+038 | 28 | 43.327.531 | 43.648.690 |
| I INITIAL CAPITAL II CAPITAL RESERVES |
29 30 |
46.357.000 13.860.181 |
23.178.500 13.860.181 |
| III PROFIT RESERVES 032++035 | 31 | 141.000 | 6.817.536 |
| 1 Legal reserves | 32 | 141.000 | 141.000 |
| 2 Reserves for treasury shares | 33 | 0 | 0 |
| 3 Fair value reserves | 34 | 0 | 528.686 |
| 4 Other reserves | 35 | 0 | 6.147.850 |
| IV RETAINED PROFIT OR LOSS BROUGHT FORWARD | 36 | -17.903.905 | 0 |
| V PROFIT OR LOSS FOR THE YEAR | 37 | 873.255 | -207.527 |
| VI MINORITY INTEREST B PROVISIONS |
38 39 |
0 0 |
0 0 |
| C SHORT-TERM LIABILITIES 041+046 | 40 | 2.280.408 | 2.274.142 |
| 1 Liabilities for advance payments | 41 | 119.079 | 680 |
| 2 Trade payables | 42 | 665.933 | 752.475 |
| 3 Liabilities to employees | 43 | 328.099 | 324.495 |
| 4 Taxes, contributions and similar liabilities | 44 | 219.642 | 215.973 |
| 5 Liabilities to connected undertakings | 45 | 2.631 | 0 |
| 6 Other short-term liabilities D LONG-TERM LIABILITIES |
46 47 |
945.024 | 980.519 1.865.250 |
| E DEFERRED TAX LIABILITY | 48 | 2.228.710 0 |
0 |
| F ACCRUALS AND DEFERRED INCOME | 49 | 3.585.433 | 3.928.200 |
| G TOTAL LIABILITIES 028+039+040+047+048+049 | 50 | 51.422.082 | 51.716.282 |
| 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 | 0 | 0 |
| 1 Attributable to owners of the parent | 53 | 0 | 0 |
2 Attributable to non-controlling interest
18
54 0 0
| STATEMENT OF PROFIT OR LOSS For the period 1.1.2022 to 30.9.2022 |
|||||
|---|---|---|---|---|---|
| Submitter: Zagreb Stock Exchange, Inc | in HRK | ||||
| Same period of the previous year ADP Item |
Current period | ||||
| code | Cumulative | Quarter | Cumulative | Quarter | |
| 1 | 2 | 3 | 4 | 5 | 6 |
| A OPERATING INCOME 002+009 | 1 | 10.163.409 | 3.235.245 | 11.142.649 | 3.631.680 |
| I Sales revenue 003++008 | 2 | 7.088.054 | 2.319.266 | 7.749.322 | 2.552.527 |
| 1 Commissions and membership fees | 3 | 2.571.324 | 826.276 | 3.004.884 | 869.933 |
| 2 Listing maintenance fees | 4 | 3.803.557 | 1.262.495 | 3.838.115 | 1.304.228 |
| 3 Income from quotation maintenance | 5 | 713.173 | 230.495 | 906.323 | 378.366 |
| 4 Income from auctions | 6 | 0 | 0 | 0 | 0 |
| 5 Income from memberships | 7 | 0 | 0 | 0 | 0 |
| 6 Revenue from assigning and administering LEIs | 8 | 0 | 0 | 0 | 0 |
| II Other operating income 010++012 | 9 | 3.075.355 | 915.979 | 3.393.327 | 1.079.153 |
| 1 Income from application programming interface (API) services | 10 | 0 | 0 | 0 | 0 |
| 2 Income from the supply of information | 11 | 1.822.434 | 526.356 | 1.798.268 | 570.194 |
| 3 Other income | 12 | 1.252.921 | 389.623 | 1.595.059 | 508.959 |
| B OPERATING EXPENSES 014+017+021+022+023+026+027 | 13 | 9.924.337 | 3.262.328 | 10.979.003 | 3.475.424 |
| I Material costs 015+016 | 14 | 2.820.016 | 1.043.924 | 3.048.526 | 896.785 |
| 1 Costs of raw materials | 15 | 329.229 | 119.255 | 334.587 | 112.777 |
| 2 Other external costs | 16 | 2.490.787 | 924.669 | 2.713.939 | 784.008 |
| II Staff costs 018++020 | 17 | 5.087.936 | 1.585.814 | 5.504.462 | 1.751.694 |
| 1 Net salaries and wages | 18 | 2.909.283 | 914.897 | 3.155.174 | 1.004.403 |
| 2 Tax and contributions from salary costs | 19 | 1.484.940 | 455.282 | 1.593.958 | 504.504 |
| 3 Payroll contributions | 20 | 693.713 | 215.635 | 755.330 | 242.787 |
| III Depreciation | 21 | 853.814 | 301.850 | 975.949 | 333.258 |
| IV Other costs | 22 | 1.114.056 | 329.198 | 1.389.929 | 511.968 |
| V Value adjustment 024+025 | 23 | 41.873 | 0 | 20.000 | -30.000 |
| 1 fixed assets (other than financial assets) | 24 | 0 | 0 | 0 | 0 |
| 2 current assets (other than financial assets) | 25 | 41.873 | 0 | 20.000 | -30.000 |
| VI Provisions | 26 | 0 | 0 | 0 | 0 |
| VII Other operating expenses | 27 | 6.642 | 1.542 | 40.137 | 11.719 |
| C FINANCIAL INCOME 029++034 | 28 | 995.568 | 37.919 | 483.519 | 111.137 |
| 1 Interest, exchange rate differences, dividends and similar | 29 | 958.709 | 1.396 | 420.648 | 101.553 |
| 2 Interest, exchange rate differences, dividends and similar | 30 | 28.285 | 33.233 | 60.253 | 9.348 |
| 3 Income share from associates and participating interests | 31 | 0 | 0 | 0 | 0 |
| 4 Unrealised gains (income) from financial assets | 32 | 0 | 0 | 0 | 0 |
| 5 Profit from reversal of provisions for impairment for expected | 33 | 0 | 0 | 0 | 0 |
| 6 Other financial income | 34 | 8.574 | 3.290 | 2.618 | 236 |
| D FINANCIAL EXPENSES 036++040 | 35 | 379.780 | 121.590 | 854.692 | 176.768 |
| 1 Interest, exchange rate differences and other expenditures with | 36 | 164 | 17 | 627 | 457 |
| 2 Interest, exchange rate differences and other expenditure from | 37 | 78.046 | 78.046 | 145.121 | 39.520 |
| 3 Unrealised losses (expenses) from financial assets | 38 | 301.570 | 42.690 | 708.944 | 136.791 |
| 4 Loss on impairment for expected credit losses | 39 | 0 | 0 | 0 | 0 |
| 5 Other financial expenses | 40 | 0 | 837 | 0 | 0 |
| E TOTAL INCOME 001+028 | 41 | 11.158.977 | 3.273.164 | 11.626.168 | 3.742.817 |
| F TOTAL EXPENDITURE 013+035 | 42 | 10.304.117 | 3.383.918 | 11.833.695 | 3.652.192 |
| G Share in profit/loss of associates and subsidiaries | 43 | 0 | 0 | 0 | 0 |
| H PRE-TAX PROFIT OR LOSS 041-042+043 | 44 | 854.860 | -110.754 | -207.527 | 90.625 |
| I INCOME TAX | 45 | 0 | 0 | 0 | 0 |
| J PROFIT OR LOSS FOR THE PERIOD 044-045 | 46 | 854.860 | -110.754 | -207.527 | 90.625 |
| 1 Change in revaluation reserves (property, plant, | 47 | 0 | 0 | 0 | 0 |
| 2 Actuarial gains/losses on defined benefit pension plans | 48 | 0 | 0 | 0 | 0 |
| 3 Unrealised gains/losses on financial assets at fair value | |||||
| through other comprehensive income | 49 | 0 | 0 | 0 | 0 |
| 4 Gains/losses on hedging instruments in a cash flow hedge | 50 | 0 | 0 | 528.686 | 7.163 |
| 51 | 0 | 0 | 0 | 0 | |
| 5 Gains/losses arising from translation of financial | 52 | 0 | 0 | 0 | 0 |
| 6 Income tax on other comprehensive income K OTHER COMPREHENSIVE INCOME 047+…+052 |
53 | 0 | 0 | 528.686 | 7.163 |
| TOTAL COMPREHENSIVE INCOME 046+053 | 54 | 854.860 | -110.754 | 321.159 | 97.788 |
| M RECLASSIFICATION ADJUSTMENTS | 55 | 0 | 0 | 0 | 0 |
| Appendix ** Attributable to owners of the parent |
56 | 0 | 0 | 0 | 0 |
| 57 | 0 | 0 | 0 | 0 | |
| Attributable to non-controlling interest |
| for the period 1.1.2022 to 30.9.2022 | |||
|---|---|---|---|
| in HRK | |||
| Submitter: Zagreb Stock Exchange, Inc | |||
| Item | ADP code |
Same period of the previous year |
Current period |
| 1 | 2 | 3 | 4 |
| CASH FLOW FROM OPERATING ACTIVITIES | |||
| 1 Pre-tax profit | 1 | 854.860 | -207.527 |
| 2 Depreciation | 2 | 853.814 | 975.949 |
| 3 Increase in short-term liabilities | 3 | 673.423 | 0 |
| 4 Decrease in short-term receivables | 4 | 292.814 | 394.950 |
| 5 Decrease in inventories | 5 | 0 | 0 |
| 6 Loss on impairment for expected credit losses | 6 | 0 | 0 |
| 7 Other cash flow increase | 7 | 575.698 | 553.381 |
| I Total cash flow increase from operating activities 001++007 |
8 | 3.250.609 | 1.716.753 |
| 1 Decrease in short-term liabilities | 9 | 0 | 41.762 |
| 2 Increase in short-term receivables | 10 | 0 | 0 |
| 3 Increase in inventories | 11 | 0 | 0 |
| 4 Profit from reversal of provisions for impairment for expected | 12 | 0 | 0 |
| 5 Other cash flow decrease | 13 | 0 | 382.692 |
| II Total cash flow decrease from operating activities 009++013 |
14 | 0 | 424.454 |
| CASH FLOW FROM INVESTMENT ACTIVITIES | |||
| 1 Cash receipts from sale of fixed tangible and intangible assets | 15 | 0 | 0 |
| 2 Cash receipts the from sale of equity instruments and debt | 16 | 0 | 0 |
| 3 Interest received | 17 | 0 | 3.799 |
| 4 Dividends received | 18 | 9.986 | 420.403 |
| 5 Other cash receipts from investment activities | 19 | 507.982 | 5.539.302 |
| III Total cash receipts from investment activities 015++019 | 20 | 517.968 | 5.963.504 |
| 1 Cash payments for the purchase of fixed tangible and intangible | 21 | 763.315 | 1.331.479 |
| 2 Cash payments for the acquisition of equity financial | 22 | 0 | 7.971.032 |
| 3 Other cash payments from investment activities | 23 | 0 | 200.000 |
| IV Total cash payments from investment activities 021++023 |
24 | 763.315 | 9.502.511 |
| CASH FLOW FROM FINANCING ACTIVITIES | |||
| 1 Cash receipts from the issue of equity financial instruments and debt financial instruments |
25 | 0 | 0 |
| 2 Cash receipts from credit principals, debentures, loans and other borrowings |
26 | 0 | 0 |
| 3 Other cash receipts from financing activities | 27 | 0 | 0 |
| V Total cash receipts from financing activities 025++027 | 28 | 0 | 0 |
| 1 Cash payments for credit principals and bonds | 29 | 0 | 0 |
| 2 Cash payments for dividends | 30 | 0 | 0 |
| 3 Cash payments for finance lease | 31 | 0 | 0 |
| 4 Cash payments for the redemption of treasury shares | 32 | 0 | 0 |
| 5 Other cash payments from financing activities | 33 | 1.122.835 | 567.249 |
| VI Total cash payments from operating activities 029++033 | 34 | 1.122.835 | 567.249 |
| VII Cash and cash equivalents at the beginning of period | 35 | 1.638.068 | 3.361.751 |
| VIII Increase of cash and cash equivalents | 36 | 1.882.427 | 0 |
| IX Decrease of cash and cash equivalents | 37 | 0 | 2.813.957 |
| X Cash and cash equivalents at the end of period | 38 | 3.520.495 | 547.794 |
| STATEMENT OF CHANGES IN EQUITY |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| for the period from | 1.1.2022 | to | 30.9.2022 | in HRK | ||||||
| Attributable to owners of the parent | ||||||||||
| Item | ADP | Subscribed capital |
Capital reserves |
Profit reserves |
Profit or loss for the year (period) |
Retained profit or loss brought forward |
Fair value reserves |
Other revaluation reserves |
Attributable to non-controlling interests |
Total capital and reserves |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| Balance on the first day of the previous business year |
1 | 46.357.000 | 13.860.181 141.000 | 1.874.402 | -19.778.307 | 0 | 0 | 0 | 42.454.276 | |
| Change in accounting policies | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Correction of errors from prior periods | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance on the first day of the previous business year (restated) |
4 | 46.357.000 | 13.860.181 141.000 | 1.874.402 | -19.778.307 | 0 | 0 | 0 | 42.454.276 | |
| Profit or loss for the period | 5 | 0 | 0 | 0 | 873.255 | 0 | 0 | 0 | 0 | 873.255 |
| Unrealised gains or losses on financial assets at fair value through other comprehensive income |
6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other changes in equity unrelated to owners | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total directly recognized income and expenses of the previous year (previous year periods) |
8 | 0 | 0 | 0 | 873.255 | 0 | 0 | 0 | 0 | 873.255 |
| Increase/decrease in subscribed capital | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other contributions by owners | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payment of share in profit/dividend | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other distribution to owners | 12 | 0 | 0 | 0 | -1.874.402 | 1.874.402 | 0 | 0 | 0 | 0 |
| Balance on the last day of the previous business year reporting period |
13 | 46.357.000 | 13.860.181 141.000 | 873.255 | -17.903.905 | 0 | 0 | 0 | 43.327.531 | |
| Balance on the first day of the current business year |
14 | 46.357.000 | 13.860.181 141.000 | 873.255 | -17.903.905 | 0 | 0 | 0 | 43.327.531 | |
| Change in accounting policies | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Correction of errors from prior periods | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance on the first day of the current business year (restated) |
17 | 46.357.000 | 13.860.181 141.000 | 873.255 | -17.903.905 | 0 | 0 | 0 | 43.327.531 | |
| Profit or loss for the period | 18 | 0 | 0 | 0 | -207.527 | 0 | 0 | 0 | 0 | -207.527 |
| Unrealised gains or losses on financial assets at fair value through other comprehensive income |
19 | 0 | 0 | 0 | 0 | 0 | 528.686 | 0 | 0 | 528.686 |
| Other changes in equity unrelated to owners | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total directly recognised income and |
||||||||||
| expenses of the current year (current period) |
21 | 0 | 0 | 0 | -207.527 | 0 | 528.686 | 0 | 0 | 321.159 |
| Increase/decrease in subscribed capital | 22 | -23.178.500 | 0 6.147.850 | 0 | 17.030.650 | 0 | 0 | 0 | 0 | |
| Other contributions by owners | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payment of share in profit/dividend | 24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other distribution to owners | 25 | 0 | 0 | 0 | -873.255 | 873.255 | 0 | 0 | 0 | 0 |
| Balance on the last day of the current business year reporting period |
26 | 23.178.500 | 13.860.181 6.288.850 | -207.527 | 0 | 528.686 | 0 | 0 | 43.648.690 |
Reporting period: 1.1.2022 - 30.9.2022 Sort of report: Separate
Zagrebačka burza d.d. ("the Company") is a joint stock company domiciled in Republic of Croatia and was registered at the Commercial Court in Zagreb on 5 July 1991 under the number (MBS) 0800034217. The personal identification number of the Company (OIB) is 84368186611. The address of the Company's registered office is Eurotower, 22nd floor, Ivana Lučića 2a/22, Zagreb, Croatia.
Financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS). Financial statements are prepared on a historical cost basis, except for financial assets at fair value through profit or loss and financial assets at fair value through other comprehensive income which are measured at fair value.
Detailed information on the basis of preparation of the financial statements are provided in the Note No.2 to the separate financial statements presented in the Annual Report on Company Status and Business Activities in 2021 available on the internet page www.zse.hr (further: Annual Report of the Company).
The interim financial statements for the reporting quarter are prepared applying the same accounting policies as in the latest separate annual financial statements presented in the Annual Report on Company Status and Business Activities in 2021 available on the internet page www.zse.hr.
Information required by IFRSs that are not presented elsewhere in the separate statement of financial position, separate statement of comprehensive income, separate statement of cash flows and separate statement of changes in equity are disclosed in Unconsolidated unaudited financial result for period 1.1. to 30.9.2022 (further: Unconsolidated result for the third quarter) as published on the internet page www.zse.hr.
3. Financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided
The Company does not have financial commitments, guarantees or contingencies that are not included in the balance sheet as at 30 September 2022 nor has issued securities.
4. Amount and nature of individual items of income or expenditure which are of exceptional size or incidence
Details on the income or expenditure which are of exceptional size or incidence are presented in the Notes to the non-consolidated financial statements in Note 1.12 presented in the Unconsolidated result for the second quarter (www.zse.hr).
Besides the above-mentioned notes, we are describing the differences in classification between incomes and expenditures as presented in the audited separate financial statements and Notes to the separate financial statements as published in Annual Report of the Company and incomes and expenditures presented in this TFI form:
(a) income from assigning and administering LEIs is, in accordance with the Company's accounting policies, reported in other income (AOP 12) in the amount of HRK 283 thousand
(b) other differences between the information presented in the financial statements in TFI form compared to the classification of the information in the audited financial statements are presented in the Attachment to these notes.
At the balance sheet date, the Company does not have liabilities falling due after more than five years.
At the balance sheet date, the Company does not have debts covered by valuable securities.
The average number of the employees during the reporting period of 2022 is 25.
The Company did not capitalize the salaries in the financial year.
The Company does not have the deferred taxes as at 30 September 2022 as well as at 31 December 2021.
9. Name and registered office of each of the companies in which the issuer, either itself or through a person acting in their own name but on the issuer's behalf, holds a participating interest, showing the amount of capital held, the amount of total capital and reserves, and profit or loss
The investments in the controlled companies, joint ventures and holdings of a participating interest as at 31 December 2021 are presented in the Notes 13 and 14 to the separate financial statements presented in the Annual Report of the Company for 2021.
In the balance sheet as of December 31, 2021, under the position "Financial assets at fair value through other comprehensive income" (GFI: "Financial assets carried at amortized cost"), the Company had investments in shares of Macedonian Stock Exchange d.d. in the amount of HRK 1,484 thousand, which represented 0.7% of the share in the capital of that company. During 2022, the Company acquired additional shares of the aforementioned company, and as of September 30, 2022, it holds a 30% stake in that company. As of September 30, 2022, investments in shares of the Macedonian Stock Exchange are reported under the position "Investments in associates and joint ventures" (FS: "Investments in associated companies, subsidiaries and joint ventures") in the total amount of HRK 9,229 thousand.
Investments in subsidiaries and associated companies and joint ventures are presented below.
| Entity | Relation | Country | Shares | Equity and reserves |
Current year result |
||||
|---|---|---|---|---|---|---|---|---|---|
| % | 000'HRK | 000'HRK | |||||||
| 30.9.2022 | |||||||||
| Ljubljanska burza d.d. | Subsidiary | Slovenia | 100,0% | 18.525 | 514 | ||||
| SEE Link d.o.o. | Joint venture | North Macedonia |
33,3% | 442 | 14 | ||||
| Funderbeam SEE d.o.o. | Associate | Croatia | 30,0% | -1.068 | 31 | ||||
| Makedonska burza d.d. | Associate | North Macedonia |
30,0% | 22.763 | 1.577 | ||||
| 31.12.2021 | |||||||||
| Ljubljanska burza d.d. | Subsidiary | Slovenia | 100,0% | 18.356 | 316 | ||||
| SEE Link d.o.o. | Joint venture | North Macedonia |
33,3% | 429 | 90 | ||||
| Funderbeam SEE d.o.o. | Associate | Croatia | 30,0% | -1.099 | -115 |
There were no shares subscribed during the financial year within the limits of the authorised capital.
Based on the Decision of the Company's Assembly dated June 14, 2022, the share capital of the Company is reduced in a regular procedure for the purpose of transferring HRK 23,178,500.00 to other reserves of the Company. By undertaking the share capital reduction, the nominal value per share is reduced to the amount which is lower than the minimum nominal amount permitted under Article 163(2) of the Companies Act. Hence, the share capital is reduced in a regular procedure through a consolidation of shares (reverse split), in accordance with Article 342(4) of the Companies Act. The shares are consolidated at a ratio of 2:1 by issuing to each shareholder 1 registered share with a nominal value of HRK 10.00 for 2 shares outstanding.
11. Existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they give
The Company has no participation certificates, convertible debentures, warrants, options or similar securities or rights.
12. Name, registered office and legal form of each of the companies of which the issuer is a member having unlimited liability
The Company has no shares in companies having unlimited liability.
13. Name and registered office of the company which draws up quarterly consolidated financial statements of the largest group of companies of which the issuer forms part as a controlled group member
The Company is the final parent company and is not a controlled member of any group. The Company prepares the consolidated financial statements for the third quarter of 2022 that are available for use on the internet page www.zse.hr.
14. Name and registered office of the company which draws up quarterly consolidated financial statements of the smallest group of companies of which the issuer forms part as a controlled group member and which is also included in the group of companies referred to in point 13.
The Company is the final parent company and is not a controlled member of any group.
15. Place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained
The Company prepares the consolidated financial statements that are available for use on the internet page www.zse.hr.
16. Nature and business purpose of the company's arrangements that are not included in the balance sheet and the financial impact on the company of those arrangements, provided that the risks or rewards of such arrangements are material and to the extent that disclosure of such risks or rewards is necessary to assess the issuer's financial condition
The Company has no arrangements that are not included in the presented unconsolidated financial statements for the reporting period ended on 30 September 2022.
17. Nature and the financial effect of significant events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet
Significant events arising after the balance sheet date are presented in the Note 1.11 to the Unconsolidated result for the third quarter of 2022, as published on the internet page www.zse.hr
Attachment: Reconciliation of the classification of the items of the financial statements in TFI form in comparison to the classification used in preparation of the audited financial statements for the year 2021:
| P&L item (IFRS) | Amount HRK'000 |
P&L item (GFI) |
Amount HRK'000 |
|---|---|---|---|
| Staff costs | 5.692 | Staff costs | 5.504 |
| Reclassification from other costs | 188 | ||
| Other operating costs | 4.308 | Costs of raw materials | 335 |
| Other external costs | 2.714 | ||
| Value adjustment | 20 | ||
| Other costs | 1.390 | ||
| Other operating expenses | 40 | ||
| Reclassification to staff costs | (188) | ||
| Rounding | (3) | ||
| Balance sheet item (IFRS) | Amount HRK'000 |
Balance sheet item (GFI) | Amount HRK'000 |
| Property and equipment | 1.706 | Land and buildings | 2.345 |
| Assets with right of use | 2.694 | Computer equipment | 1.377 |
| Other tangible assets | 130 | ||
| Leasehold improvements | 547 | ||
| Assets under construction | - | ||
| Rounding | 1 | ||
| Financial assets at fair value through other comprehensive | Financial assets at amortised cost (long term) |
664 | |
| income | 197 | ||
| Long term deposits | 250 | ||
| Loans receivable from associate | 217 | ||
| Trade receivables and other assets | 1.913 | Receivables (short term) | 1.919 |
| Inventories | 6 | Rounding | (1) |
| Trade and other payables (short term) | 1.540 | Trade payables | 752 |
| Short term financial liabilities | 734 | Liabilities to employees | 324 |
| Advance payments received | 1 | ||
| Taxes, contributions and similar liabilities | 216 | ||
| Other short-term liabilities | 981 | ||
| Rounding | - | ||
| Contractual liabilities | 3.925 | Accruals and deferred income | 3.928 |
| Rounding | (2) |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.