Colt CZ : Condensed consolidated interim financial statements 9M 2022

FINANCIAL RESULTS

Q3 2022

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2022

Name of the company:	Colt CZ Group SE
Registered office:	Opletalova 1284/37, Nové Město, 110 00 Prague 1, Czech Republic
Legal form:	European Company
Id. no.:	291 51 961

Components of the condensed consolidated interim financial statements:

Consolidated statement of profit and loss and other comprehensive income

Consolidated statement of financial position

Consolidated statement of changes in equity

Consolidated cash flow statement

Notes to condensed consolidated interim financial statements

These condensed consolidated interim financial statements were prepared on 22 November 2022.

FINANCIAL RESULTS		2
Q3 2022

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2022

CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER

	Note	30 Sep 2022	30 Sep 2021
	CZK '000	CZK '000
Revenues from the sale of own products, goods and services	8	10,219,903	7,601,998
Other operating income		70,087	54,764
Change in inventories developed internally		1,130,239	113,226
Own work capitalized		122,437	101,458
Raw materials and consumables used		-5,576,845	-3,515,536
Services		-1,379,589	-1,339,224
Personnel costs		-2,155,109	-1,386,874
Depreciation and amortization		-658,726	-525,858
Other operating expenses		-262,797	-201,989
Allowances		-22,210	-
Operating profit		1,487,390	901,965
Interest income	9.1	325,837	12,665
Interest expense	9.1	-446,619	-117,011
Other financial income	9.1	280,117	643,323
Other financial expenses	9.1	-19,516	-372,332
Gains or losses from derivative transactions	9.1	62,019	-
Share in the profit of associates after tax		14,113	10,404
Profit before tax		1,703,341	1,079,014
Income tax	9.2	-375,445	-176,179
Profit for the period		1,327,896	902,835

	Note	30 Sep 2022	30 Sep 2021
	CZK '000	CZK '000
Items that may be subsequently reclassified to the statement
of profit or loss
Cash flow hedges - remeasurement of effective portion		394,076	-219,903
of hedging instruments
Foreign currency translation of foreign operations		-215,887	-111,149
Other comprehensive income		178,189	-331,052
Comprehensive income for the period		1,506,085	571,783
Profit for the period attributable to:
Owner of the parent company		1,327,896	900,565
Non-controlling interests		-	2,270
Comprehensive income for the period attributable to:
Owner of the parent company		1,506,085	569,791
Non-controlling interests		-	1,992
Net earnings per share attributable to the owner
of the parent company (CZK per share)
Basic	20	39	27
Diluted	20	39	27

Notes are an integral part of these consolidated interim financial statements.

FINANCIAL RESULTS		3
Q3 2022

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2022

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER

	Note	30 Sep 2022	31 Dec 2021
	CZK '000	CZK '000
ASSETS
Non-current assets
Intangible assets	10	3,502,159	3,505,464
Goodwill	8	2,390,127	2,390,127
Property, plant and equipment	11	2,985,220	2,810,115
Equity-accounted securities and investments	16	100,429	109,445
Financial derivatives	17	534,200	171,195
Trade and other receivables		39,235	58,999
Other receivables		2,864	11,163
Total non-current assets		9,554,234	9,056,508
Current assets
Inventories	12	4,456,541	2,861,673
Trade and other receivables		1,195,611	1,012,879
Provided loans		20,344	197,973
Financial derivatives	17	134,069	156,118
Other receivables		361,566	148,098
Tax assets		42,024	6,357
Cash and cash equivalents		3,649,020	3,573,467
Total current assets		9,858,175	7,956,565
Total assets		19,412,409	17,013,073

	Note	30 Sep 2022	31 Dec 2021
	CZK '000	CZK '000
EQUITY AND LIABILITIES
Capital and reserves
Share capital		3,410	3,374
Share premium		1,366,386	1,139,211
Capital funds		1,641,512	1,641,512
Cash flow hedge reserve		514,059	119,983
Foreign exchange translation reserve		-417,285	-201,398
Accumulated profits		3,146,796	2,539,146
Equity attributable to the owner of the Company		6,254,878	5,241,828
Equity attributable to the owner of the Company		6,254,878	5,241,828
Non-controlling interests		-	-
Total equity		6,254,878	5,241,828

FINANCIAL RESULTS		4
Q3 2022

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE-MONTHS PERIOD ENDED 30 SEPTEMBER 2022

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER

	Note	30 Sep 2022	31 Dec 2021
	CZK '000	CZK '000
Non-current liabilities
Bonds, bank loans and borrowings	15	6,962,343	4,972,647
Financial derivatives	17	554,996	270,515
Lease liabilities		22,071	32,606
Other financial liabilities	17	200,949	372,531
Trade and other payables		5,737	5,422
Other payables		31,679	27,357
Provisions	13	99,498	63,695
Deferred tax liability		859,133	789,646
Employee benefit liabilities	14	395,724	357,707
Total non-current liabilities		9,132,130	6,892,126

	Note	30 Sep 2022	31 Dec 2021
	CZK '000	CZK '000
Current liabilities
Bonds, bank loans and borrowings	15	40,596	2,317,579
Financial derivatives	17	201,089	20,097
Lease liabilities		21,085	20,695
Other financial liabilities	17	199,449	185,568
Trade and other payables		1,420,693	1,116,373
Other payables		1,837,535	1,073,755
Provisions	13	80,747	50,780
Tax liabilities		202,267	76,156
Employee benefit liabilities	14	21,940	18,116
Total current liabilities		4,025,401	4,879,119
Total liabilities		13,157,531	11,771,245
Total equity and liabilities		19,412,409	17,013,073

Notes are an integral part of these consolidated interim financial statements.

FINANCIAL RESULTS		5
Q3 2022