CONSOLIDATED BALANCE SHEET
(Financial report as of the end of period) - in thousand PLN | ||
As at | ||
Specification | 31/12/2023 | 31/12/2022 |
restated | ||
Tangible fixed assets | 386 784 | 380 069 |
Investment properties | 3 813 | 3 681 |
Goodwill | 9 770 | 297 |
Non-tangible assets other than goodwill | 11 940 | 10 610 |
Long-term receivables | 3 486 | 3 046 |
Contract assets | 1 749 | 1 928 |
Financial assets | 6 | 6 |
Deferred income tax assets | 41 889 | 40 717 |
Long-term prepayments | 1 964 | 3 084 |
Total fixed assets | 461 401 | 443 438 |
Inventory | 248 398 | 269 621 |
Trade receivables | 176 820 | 189 527 |
Other short-term receivables | 14 537 | 14 440 |
Income tax receivables | 458 | 368 |
Contract assets | 256 | 235 |
Prepayments | 2 901 | 2 637 |
Financial assets | 1 475 | 1 439 |
Cash | 122 985 | 91 582 |
Assets classified as held for sale | 563 | 3 260 |
Total current assets | 568 393 | 573 109 |
TOTAL ASSETS | 1 029 794 | 1 016 547 |
Share capital | 5 376 | 5 376 |
Own Shares | -11 230 | -11 230 |
Valuation of warrants (incentive scheme) | 1 118 | 6 297 |
Reserve capital for the incentive program | 49 230 | 15 000 |
Statutory reserve capital | 1 792 | 1 792 |
Retained profits | 556 063 | 542 867 |
Exchange rate differences | -13 565 | -13 179 |
Total equity of the Parent Company | 588 784 | 546 923 |
Non-controlling interests | 4 349 | 482 |
Overall equity of the Parent Company and non-controlling interests | 593 133 | 547 405 |
Credits and debt securities | 110 887 | 179 925 |
Long-term provisions for employee benefits | 19 220 | 18 249 |
Deferred income | 7 101 | 5 970 |
Provision for deferred tax | 512 | 212 |
Long-term liabilities | 204 | 0 |
Financial liabilities due to leasing | 20 971 | 24 059 |
Total long-term liabilities | 158 895 | 228 415 |
Credits and debt securities | 45 400 | 19 168 |
Trade liabilities | 112 827 | 129 344 |
Other financial liabilities | 23 | 561 |
Financial liabilities due to leasing | 4 904 | 4 587 |
Other short-term liabilities | 28 342 | 20 121 |
Income tax liabilities | 333 | 124 |
Contractual liabilities | 16 788 | 8 283 |
Deferred income | 882 | 1 194 |
Short-term provisions for employee benefits | 47 781 | 36 405 |
Other short-term provisions | 19 923 | 20 345 |
Liabilities classified as held for sale | 563 | 595 |
Total short-term liabilities | 277 766 | 240 727 |
TOTAL LIABILITIES | 1 029 794 | 1 016 547 |
1
CONSOLIDATED PROFIT AND LOSS ACCOUNT
in thousand PLN | |||
01/01/2023 | 01/01/2022 | ||
Specification | 31/12/2023 | 31/12/2022 | |
restated | |||
Sales revenues | 1 445 601 | 1 385 420 | |
Prime costs of the sale | 1 170 444 | 1 142 853 | |
Gross profit (loss) on sales | 275 157 | 242 567 | |
Selling costs | 41 792 | 43 110 | |
General and administrative costs | 153 989 | 130 018 | |
Other operating revenues | 12 725 | 6 763 | |
Other operating expenses | 4 693 | 4 339 | |
Result on deconsolidation | -175 | -13 830 | |
Profit/loss on operating activity | 87 233 | 58 033 | |
Loss (gain) due to impairment (reversal of losses) on trade and other receivables in accordance | -864 | -838 | |
with IFRS 9 | |||
Financial revenues | 12 910 | 7 708 | |
Financial expenses | 14 223 | 7 339 | |
Gross profit/loss (before taxation) | 85 056 | 57 564 | |
Income tax | 8 597 | 115 | |
Net result on continuing operations | 76 459 | 57 449 | |
Net result on discontinued operations | -1 958 | -532 | |
Net result | 74 501 | 56 917 | |
attributable to: | |||
shareholders of the parent company | 74 043 | 56 590 | |
on continuing operations | 75 905 | 57 147 | |
on discontinued operations | -1 862 | -557 | |
non-controlling shareholders | 458 | 327 | |
on continuing operations | 554 | 302 | |
on discontinued operations | -96 | 25 | |
Weighted average number of shares | 26 075 465 | 26 607 948 | |
Earnings per share on continuing operations | 2,91 | 2,15 | |
Earnings per share | 2,84 | 2,13 | |
Diluted weighted average shares | 26 881 922 | 27 239 609 | |
Diluted earnings per share on continuing operations | 2,82 | 2,10 | |
Diluted earnings per share | 2,75 | 2,08 | |
01/01/2023 | 01/01/2022 | ||
Specification | 31/12/2023 | 31/12/2022 | |
restated | |||
Revenues from sales of products | 1 310 459 | 1 215 196 | |
Revenues from sales of goods and materials | 115 876 | 124 823 | |
Other revenues | 19 266 | 45 401 | |
Total sales revenues | 1 445 601 | 1 385 420 | |
including: | |||
- domestic sales | 479 548 | 449 680 | |
- foreign sales | 966 053 | 935 740 | |
2 |
CONSOLIDATED CASH FLOW STATEMENT
in thousand PLN | |||||
Specification | For the period from 01/01 to 31/12 | ||||
2022 restated | |||||
2023 | |||||
Net profit | 74 501 | 56 917 | |||
Total adjustments for: | 113 364 | 35 364 | |||
Depreciation | 63 979 | 61 674 | |||
Net foreign exchange rate profit and loss | -14 346 | 2 421 | |||
Net interest and dividends | 9 235 | 4 424 | |||
Income tax on profit before tax | 9 514 | 7 205 | |||
Profit (loss) on investment activities | 62 | -12 249 | |||
Change in provisions | 11 111 | 10 935 | |||
Change in inventory | 24 526 | -31 682 | |||
Change in receivables | 16 582 | -39 181 | |||
Change in liabilities | -13 074 | 14 909 | |||
Change in prepayments and deferred income | -406 | -3 667 | |||
Adjustments resulting from an impairment loss (reversal of an impairment loss) | 0 | 0 | |||
recognized in profit or loss | |||||
Other adjustments | 14 265 | 24 658 | |||
Income tax paid | -10 042 | -4 615 | |||
Cash from discontinued operations | 1 958 | 532 | |||
Net cash flows from operating activity | 187 865 | 92 281 | |||
Inflows from sale of fixed assets and intangible and legal assets | 2 030 | 146 | |||
Purchase of fixed assets and intangible and legal assets | -65 850 | -77 190 | |||
Other investment cash flows | -2 547 | 11 176 | |||
Expenses for financial assets | -11 584 | 0 | |||
Net cash flows from investing activity | -77 951 | -65 868 | |||
Change in the balance of credits | 0 | 97 705 | |||
Loans repayment | -32 901 | -94 142 | |||
Paid interest | -9 959 | -4 619 | |||
Acquisition of own shares | 0 | -11 230 | |||
Financial expenditure on lease | -4 248 | -3 225 | |||
Dividends paid to owners | -31 291 | 0 | |||
Other revenues/expenses | -37 | -313 | |||
Net cash flows from financing activity | -78 436 | -15 824 | |||
Change in cash and cash equivalents | 31 478 | 10 589 | |||
Net exchange differences in cash and cash equivalents | -75 | -11 | |||
Opening balance of cash | 91 582 | 81 004 | |||
Net change in cash | 31 403 | 10 578 | |||
Closing balance of cash | 122 985 | 91 582 | |||
including of limited disposability | 810 | 236 |
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Sanok Rubber Company SA published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2024 07:15:05 UTC.