DUNA HOUSE HOLDING NYRT.
30 June 2018
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
DUNA HOUSE HOLDING NYRT.
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS
30 June 2018
1
DUNA HOUSE HOLDING NYRT.
30 June 2018
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
Contents
1. General......................................................................................................................... 9
1.1 Introduction to the company....................................................................................... 9
1.2 Basis of the financial statements............................................................................... 10
2. Accounting Policy....................................................................................................... 12
2.1 Main components of the accounting policy............................................................... 12
Basis of consolidation......................................................................................... 12
Reporting currency and FX balances.................................................................. 13
Sales revenue..................................................................................................... 13
Real estate, machines, equipment..................................................................... 14
Impairment loss.................................................................................................. 15
Intangible assets................................................................................................. 15
Goodwill............................................................................................................. 15
Inventories.......................................................................................................... 16
Receivables......................................................................................................... 16
Financial instruments......................................................................................... 16
Financial liabilities.............................................................................................. 17
Provisions........................................................................................................... 17
Investment property.......................................................................................... 18
Corporate tax..................................................................................................... 18
Leasing................................................................................................................ 19
Earning per share (EPS)...................................................................................... 20
Off‐balance sheet items..................................................................................... 20
Treasury shares.................................................................................................. 20
Dividends............................................................................................................ 20
Profit/Loss on financial transactions.................................................................. 20
State aid.............................................................................................................. 21
Events subsequent to the accounting reference date....................................... 21
2.2 Changes in the Accounting Policy............................................................................... 21
2.3 Uncertainties.............................................................................................................. 22
Impairment on goodwill..................................................................................... 22
Impairment recognised on uncollectible and doubtful receivables.................. 23
Trail commission................................................................................................. 23
Investment property.......................................................................................... 23
Depreciation....................................................................................................... 23
2.4 Business combination details, enterprises involved in the consolidation................. 24
Presentation of the subsidiaries involved in the consolidation......................... 25
3. Property, plant and equipment.................................................................................. 29
4. Investment property.................................................................................................. 30
5. Intangible assets......................................................................................................... 31
6. Goodwill...................................................................................................................... 32
7. Investments in associated companies and joint ventures......................................... 32
8. Financial instruments................................................................................................. 32
9. Deferred tax receivables............................................................................................ 33
10. Inventories.................................................................................................................. 34
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DUNA HOUSE HOLDING NYRT.
30 June 2018
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
11. Trade receivables........................................................................................................ 34
12. Amounts owed by related undertakings.................................................................... 34
13. Other receivables....................................................................................................... 35
14. Pre‐payments and accrued income............................................................................ 35
15. Cash and cash equivalents......................................................................................... 36
16. Instruments classified as held for sale and liabilities directly linked to them........... 37
17. Subscribed capital and profit reserve........................................................................ 38
18. Exchange reserve........................................................................................................ 39
19. Non‐controlling ownership interest........................................................................... 39
20. Long‐term credit......................................................................................................... 39
21. Deferred tax liabilities................................................................................................ 42
22. Short‐term loans and borrowings.............................................................................. 42
23. Accounts payable....................................................................................................... 43
24. Liabilities to related companies................................................................................. 43
25. Other liabilities........................................................................................................... 44
26. Accruals and deferred income................................................................................... 44
27. Sales revenue.............................................................................................................. 45
28. Other operating income............................................................................................. 46
29. Variation in self‐manufactured stock......................................................................... 46
30. Consumables and raw materials................................................................................ 47
31. Goods and services sold............................................................................................. 47
32. Services purchased..................................................................................................... 48
33. Personnel costs........................................................................................................... 49
34. Other operating charges............................................................................................ 49
35. Revenues of financial transactions............................................................................. 50
36. Expenses of financial transactions............................................................................. 50
37. Income taxes............................................................................................................... 50
38. Earning per share (EPS).............................................................................................. 51
39. Segment information................................................................................................. 52
40. Risk management....................................................................................................... 55
41. Financial instruments................................................................................................. 58
42. Remuneration of the Board of Directors and Supervisory Board.............................. 58
43. Events after the balance sheet date........................................................................... 59
44. Liability declaration and approval of the financial statements for disclosure........... 59
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DUNA HOUSE HOLDING NYRT.
30 June 2018
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
1.
Consolidated balance sheet
data provided in thousands HUF, unless indicated otherwise
Notes | 30.06.2018 | 31.12.2017 | |
ASSETS | |||
Long‐term assets | |||
Intangible assets | 5 | 76,835 | 82,656 |
Investment property | 4 | 1,109,800 | 1,061,613 |
Land and buildings | 3 | 524,912 | 538,484 |
Machinery, equipment | 3 | 129,555 | 108,082 |
Goodwill | 6 | 1,050,061 | 1,048,936 |
Investments in associated companies and joint | 7 | 195,110 | 206,009 |
ventures | |||
Financial instruments | 8 | 75,478 | 69,609 |
Deferred tax assets | 9 | 162,122 | 160,322 |
Total long‐term assets | 3,323,874 | 3,275,711 | |
Current assets | |||
Inventories | 10 | 3,512,479 | 3,399,013 |
Trade receivables | 11 | 588,122 | 482,247 |
Receivables from related parties | 12 | 146,140 | 146,099 |
Other receivables | 13 | 173,128 | 176,766 |
Actual income tax assets | 32,685 | 35,405 | |
Pre‐payments and accrued income | 14 | 401,374 | 316,446 |
Cash and cash equivalents | 15 | 1,548,921 | 1,428,343 |
Assets classified as held for sale | ‐ | 196,300 | |
Total current assets | 6,402,848 | 6,180,619 | |
Total Assets | 9,726,722 | 9,456,330 |
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DUNA HOUSE HOLDING NYRT.
30 June 2018
CONSOLIDATED HALF‐YEAR FINANCIAL STATEMENTS
data provided in thousands HUF, unless indicated otherwise
Consolidated balance sheet
LIABILITIES | Notes | 30.06.2018 | 31.12.2017 |
Equity | |||
Subscribed capital | 17 | 170,429 | 171,989 |
Capital reserves | 17 | 1,375,096 | 1,490,536 |
Exchange reserves | 18 | 19,352 | 27,518 |
Retained earnings | 17 | 3,406,592 | 2,889,056 |
Total equity of the parent company | 4,971,469 | 4,579,100 | |
Non‐controlling ownership interest | 19 | (51,682) | (48,581) |
Total share capital: | 4,919,788 | 4,530,519 | |
Long‐term liabilities | |||
Long‐term loans | 20 | 2,319,825 | 1,271,662 |
Deferred tax liabilities | 21 | 157,265 | 144,087 |
Total long‐term liabilities | 2,477,090 | 1,415,749 | |
Current liabilities | |||
Short‐term loans and borrowings | 22 | 170,481 | 996,748 |
Accounts payable | 23 | 537,776 | 388,240 |
Liabilities to related companies | 24 | 133,161 | 581,775 |
Other liabilities | 25 | 938,955 | 1,140,882 |
Actual income tax liabilities | 121,971 | 8,799 | |
Accruals and deferred income | 26 | 427,499 | 388,136 |
Liabilities directly linked to assets classified as held | ‐ | 5,481 | |
for sale | |||
Total current liabilities | 2,329,844 | 3,510,062 | |
Total liabilities and equity | 9,726,722 | 9,456,330 |
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Disclaimer
Duna House Holding Nyrt. published this content on 17 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 October 2018 15:27:05 UTC