Integer pl : CONDENSED CONSOLIDATED FINANCIAL STATEMENTS for Q1 2013

Condensed consolidated financial statements for Q1 2013 of Integer.pl SA Capital Group - Cracow, 15 May 2013 - CONTENTS:

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 3

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7

1. Notes to financial statements 8

2. General Information 8

3. Group composition 8

4. Functional currency and reporting currency 8

5. Statement of compliance and basis of preparation of the financial statements 9

6. Seasonal or cyclical nature of the Group's interim operations 11

7. Events affecting the assets, liabilities, equity, net profit or loss or cash flows, which are unusual because of their nature, size or incidence 11

8. Registration of the increase in the Issuer's share capital 11

9. Purchase of a license from Deutsche Post AG 11

10. Revenues 13

    5.1 Revenues from sales 13

    5.2. Financial expenses 13

11. Business segments 13

12. Income tax 14

13. Dividends paid and proposed 14

14. Goodwill 14

15. Property, plant and equipment and intangible assets 14

16. Investments in subsidiaries 14

17. Long-term and short-term financial assets 14

18. Deferred tax assets 14

19. Inventories 14

20. Trade and other receivables 15

21. Long-and short-term financial liabilities 15

22. Long-and short-term liabilities under borrowings and bonds 15

23. Provisions and deferred income 15

24. Sureties, warranties 15

25. Court proceedings 15

26. Related parties 16

27. Shareholders 16

28. Other related parties 16

29. Remuneration of senior executives of Integer.pl SA Capital Group 16

30. Events after the balance sheet date 17

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(in PLN '000)

Note	01.01.2013 31.03.2013	01.01.2012 31.12.2012	01.01.2012 31.03.2012
Revenues from sales	5.1	83 008	281 925	75 708
Other operating revenues	1 414	69 925	1 408
Amortisation and depreciation	5 815	18 681	4 267
Materials and energy consumption	7 515	19 576	1 701
External services	41 400	150 515	44 147
Taxes and fees	1 071	2 793	584
Salaries	11 018	37 753	9 469
Social security and other benefits	1 799	5 338	1 435
Other expenses by type	1 432	6 954	815
Value of goods and materials sold	7 150	44 141	7 765
Other operating expenses	2 058	9 925	714
Total operating expenses	79 258	295 676	70 897
Operating profit (loss)	5 164	56 174	6 219
Financial revenues	5 891	12 225	2 831
Financial expenses	5.2	3 023	19 562	2 136
Profit (loss) before tax	8 032	48 837	6 914
Amortisation of negative goodwill of related parties
Income tax	7	2 348	1 643	815
Net profit (loss) from continuing operations	5 684	47 194	6 099
Net profit (loss) from discontinued operations
Net profit (loss)	5 684	47 194	6 099
Foreign exchange differences	(1 217)
Total comprehensive income	5 684	45 977
Net profit attributable to:
Parent company shareholders	7 174	53 122	6 099
Non-controlling shares	(1 490)	(5 928)	6
Total comprehensive income attributable to:
Parent company shareholders	7 174	51 905
Non-controlling shares	(1 490)	(5 928)
Earnings per share
From continuing operations
Basic	1.29	8.91	1.03
Diluted	1.29	8.91
From continuing and discontinued operations
Basic	1.29	8.91
Diluted	1.29	8.91

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in PLN '000)

ASSETS	Note	01.01.2013 31.03.2013	01.01.2012 31.12.2012	01.01.2012 31.03.2012
Fixed assets	266 753	253 020	165 107
Goodwill	9	6 054	6 054	4 830
Other intangible assets	69 491	70 792	25 286
Tangible fixed assets	10	160 061	146 999	103 089
Other intangible assets	-
Investments in subsidiaries	11	546	514	713
Other financial assets	12	19 917	20 232	22 838
Deferred tax assets	13	9 218	7 288	7 600
Other fixed assets	1 466	1 141	751
Current assets	321 468	304 395	151 389
Inventories	14	24 376	21 472	10 646
Other financial assets	12	19 142	18 821	20 291
Trade and other receivables	15	212 244	158 474	99 282
Income tax receivables	1 252	3 923
Other current assets	3 094	1 743	8 000
Cash and cash equivalents	60 612	99 962	13 352
Total assets	588 221	557 415	316 496
EQUITY AND LIABILITIES	01.01.2013 31.03.2013	01.01.2012 31.12.2012	01.01.2012 31.03.2012
Equity
Share capital	6 239	6 239	5 938
Supplementary capital	128 491	128 491	67 321
Retained earnings	73 400	66 226	29 324
Foreign exchange differences arising from consolidation	(1 707)	(1 217)
Capital attributable to parent company shareholders	206 423	199 739	102 583
Non-controlling shares	124 998	77 664	98
Total equity	331 421	277 403	102 681
Long-term liabilities
Long-term borrowings (bank credits and loans)	17	3 827	3 540	9 894
Other long-term provisions	18	1 881	817	63
Bonds	52 032	47 258	25 698
Government subsidies	28 303	29 934	32 037
Deferred income tax provision
Long-term financial liabilities	16	8 278	8 909	11 499
Total long-term liabilities	94 321	90 458	79 191
Short-term liabilities
Trade and other payables	82 242	136 475	46 921
Short-term borrowings (bank credits and loans)	17	27 674	29 298	19 132
Bonds	28 089	9 686	28 275
Government subsidies	4 325	4 734	4 672
Current tax liabilities	1 821	11 211
Short-term provisions	18	14 264	2 932	18 199
Short-term financial liabilities	16	4 061	4 608	6214
Total short-term liabilities	162 479	189 554	134 624
Total liabilities	256 800	280 012	213 815
Total equity and liabilities	588 221	557 415	316 496