R-2022
Financial report
Annual separate financial statements
R-2022
Table of contents
Table of contents | 2 | |
1. General information | 4 | |
1.1. Information about the entity | 4 | |
1.2. | Core business activity of the entity: | 4 |
1.3. | Members of the Management Board and the Supervisory Board | 4 |
2. Information about the basis for the preparation of the financial statements, the reporting currency and
the rounding level applied | 4 | |
2.1. | Basis for the preparation of the separate financial statements | 4 |
2.2. | Accounting principles | 5 |
2.3. | Applied International Financial Accounting Standards | 5 |
2.4. | Reporting and functional currency and the rounding level applied | 6 |
2.5. | Duration of the activity of the entity | 6 |
2.6. | Approval of the financial statements | 6 |
3. Annual separate financial statements of Apator S.A | 7 | |
3.1. | Separate statement of financial position | 7 |
3.2. | Separate statement of profit or loss and other comprehensive income | 9 |
3.3. | Separate statement of changes in equity | 10 |
3.4. | Separate statement of cash flows | 12 |
4. Accounting principles applied | 13 | |
4.1. | Basis for preparation (general principles) | 13 |
4.2. | Detailed principles for the valuation of assets and liabilities | 13 |
4.2.1. Intangible assets | 13 | |
4.2.2. Tangible fixed assets | 14 | |
4.2.3. Investments in subsidiaries and associates | 14 | |
4.2.4. Leases | 15 | |
4.2.5. Investment properties | 16 | |
4.2.6. Inventory | 16 | |
4.2.7. Borrowing costs | 17 | |
4.2.8. Financial instruments | 17 | |
4.2.9. Provisions | 20 | |
4.2.10. | Employee benefits | 20 |
4.2.11. | Revenue | 21 |
4.2.12. | Costs | 22 |
4.2.13. | Transactions in foreign currencies | 22 |
4.2.14. | Taxes | 22 |
4.2.15. | Grants | 23 |
4.2.16. Zone tax credit resulting from doing business in a Special Economic Zone | 23 | |
4.2.17. | Equity | 24 |
4.3. Combinations under common control | 24 | |
5. Basic judgements and basis for uncertainty estimation | 24 | |
6. Information on seasonality of operations | 25 | |
7. Explanatory notes to the separate financial statements | 25 |
Entity name: | Apator S.A. | Page 2 | |
Period covered by the financial statements: | 1 January 2022 - 31 December | Reporting currency: | polish zloty (PLN) |
2022 | |||
Rounding level: | all amounts are expressed in thousands of PLN (unless stated otherwise) |
Annual separate financial statements | |||
R-2022 | |||
7.1. | Operating segments | 25 | |
7.2. | Merger of Apator S.A. with Apator Elkomtech S.A | 26 | |
7.3. | Intangible assets | 26 | |
7.4. | Tangible fixed assets | 28 | |
7.5. | Fixed assets classified as held for sale | 30 | |
7.6. | Right to use assets, lease liabilities | 30 | |
7.7. | Investment properties | 32 | |
7.8. | Other financial assets | 33 | |
7.9. | Inventory | 35 | |
7.10. | Trade receivables and other receivables | 35 | |
7.11. | Cash and cash equivalents | 36 | |
7.12. | Accruals and prepayments | 37 | |
7.13. | Share capital | 37 | |
7.14. | Other capitals | 38 | |
7.15. | Undistributed financial result | 39 | |
7.16. | Credits and loans | 39 | |
7.17. | Provisions for liabilities | 41 | |
7.18. | Liabilities | 42 | |
7.19. Income tax | 43 | ||
7.20. Costs by type | 44 | ||
7.21. Revenue | 44 | ||
7.22. Other operating revenues and expenses | 45 | ||
7.23. Financial revenues and expenses | 46 | ||
7.24. Explanations regarding the cash flow statement | 46 | ||
7.25. Financial instruments | 49 | ||
7.26. Derivative financial instruments, hedge accounting | 51 | ||
7.27. Objectives and principles of risk management | 52 | ||
7.28. Information about related entities | 58 | ||
7.29. Contingent items and other items not included in the statement of financial position | 61 | ||
7.30. Employment structure | 62 | ||
7.31. Amount of remuneration for the entity authorised to audit the financial statements | 62 | ||
8. Impact of the environment on the financial position of Apator S.A | 62 | ||
9. | Events after the balance sheet date | 63 | |
10. | Signatures | 64 |
Entity name: | Apator S.A. | Page 3 | |
Period covered by the financial statements: | 1 January 2022 - 31 December | Reporting currency: | polish zloty (PLN) |
2022 | |||
Rounding level: | all amounts are expressed in thousands of PLN (unless stated otherwise) |
Annual separate financial statements
R-2022
1. General information
1.1. Information about the entity
The Company Apator Spółka Akcyjna (Apator S.A.) with its headquarters in Toruń (ul. Gdańska 4a lok C4) was created by employees of a liquidated state enterprise operating under the name of Pomorskie Zakłady Aparatury Elektrycznej Apator in Toruń. Registration in the District Court in Toruń, 5th Commercial Division, took place on 14 January 1993 under number RHB 1364. On 24 October 2001, an entry was made in the Register of Entrepreneurs of the District Court in Toruń, 6th Commercial Division of the National Court Register, under number 0000056456. The Company operates in the territory of Poland under the provisions of the Commercial Companies Code.
1.2. Core business activity of the entity:
In accordance with the Company's Statute, the core business activity is production and service activity in the field of electricity distribution and control apparatus and the sale of measurement apparatus and systems. Shares of Apator S.A. are listed on the main market of the Warsaw Stock Exchange, sector according to WSE classification - electromechanical industry.
1.3. Members of the Management Board and the Supervisory Board
Management Board
Arkadiusz Chmielewski - President of the Management Board (until 28 February 2023) Maciej Wyczesany - President of the Management Board (since 1 March 2023) Tomasz Łątka - Member of the Management Board
Supervisory Board
Janusz Niedźwiecki - Chairman of the Supervisory Board
Mariusz Lewicki - Deputy Chairman of the Supervisory Board
Janusz Marzygliński - Member of the Supervisory Board
Danuta Guzowska - Member of the Supervisory Board
Marcin Murawski - Member of the Supervisory Board
Kazimierz Piotrowski - Member of the Supervisory Board
Tadeusz Sosgórnik - Member of the Supervisory Board
2. Information about the basis for the preparation of the financial statements, the reporting currency and the rounding level applied
2.1. Basis for the preparation of the separate financial statements
These annual separate financial statements of Apator S.A. as at and for the year ending 31 December 2022 have been prepared in accordance with International Accounting Standards, International Financial Reporting Standards and related interpretations announced in the form of regulations of the European Commission.
The annual separate financial statements of Apator S.A. cover the year 2022 and include comparative data for 2021.
Entity name: | Apator S.A. | Page 4 | |
Period covered by the financial statements: | 1 January 2022 - 31 December | Reporting currency: | polish zloty (PLN) |
2022 | |||
Rounding level: | all amounts are expressed in thousands of PLN (unless stated otherwise) |
Annual separate financial statements
R-2022
2.2. Accounting principles
In preparing the annual separate financial statements for the period from 1 January 2022 to 31 December 2022, the same accounting principles (policies) and calculation methods were applied as in the most recent separate financial statements for the year ended 31 December 2021.
2.3. Applied International Financial Accounting Standards
CHANGES IN INTERNATIONAL FINANCIAL ACCOUNTING STANDARDS AND THEIR IMPACT ON THE SEPARATE FINANCIAL STATEMENTS
Standards that came into effect on 1 January 2022 but do not have a material impact in the preparation of the Company's annual financial statements are:
- Amendments to IFRS 3 (Business combinations),
- IAS 16 (Property, Plant and Equipment),
- IAS 37 (Provisions, Contingent Liabilities and Contingent Assets),
- Annual Improvements to IFRSs 2018 - 2022 (Amends standards: IFRS 1 "First-time Adoption of International Financial Reporting Standards", IFRS 9 "Financial Instruments", IAS 41 "Agriculture" and to the Illustrative Examples to IFRS 16 "Leases"; The amendments provide explanations and clarify the standards' guidance on recognition and measurement).
STANDARDS PUBLISHED BY THE INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE, WHICH ARE NOT YET IN FORCE AND HAVE NOT BEEN ALREADY APPLIED BY THE COMPANY
The Company has not elected to apply standards, interpretations or amendments that are not yet in force in these annual separate financial statements.
The following new Standards, amendments to Standards and Interpretations have not been adopted by the EU or are not yet in force for periods ending 31 December 2022 and have not been applied in the annual separate financial statements:
- IFRS 17 "Insurance Contracts" and amendments to IFRS 17,
- Amendments to IAS 1 "Presentation of Financial Statements" (introducing the requirement to disclose material information on accounting policies),
- Amendments to IAS 8 "Accounting Policies, Changes in Accounting Estimates and Errors",
- Amendments to IAS 12 "Income Taxes",
- Amendments to IFRS 16 "Leases",
- Amendments to IAS 1 "Presentation of Financial Statements" (presentation of liabilities as long-term and short-term)
- IFRS 14 "Regulatory accruals",
- Amendments to IFRS 10 and IAS 28 concerning the sale or contribution of assets between an investor and its associates or joint venture.
The Company assesses that the introduction of the above standards will not have a material impact on the Company.
Entity name: | Apator S.A. | Page 5 | |
Period covered by the financial statements: | 1 January 2022 - 31 December | Reporting currency: | polish zloty (PLN) |
2022 | |||
Rounding level: | all amounts are expressed in thousands of PLN (unless stated otherwise) |
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Disclaimer
Apator SA published this content on 07 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2023 07:18:09 UTC.