Sanok Rubber : Consolidated Annual Report for 2016
March 21, 2017 at 06:56 am EDT
Share
CONSOLIDATED BALANCE SHEET
(Financial report as of the end of period) - in thousand PLN
31.12.201631.12.2015
(restated)
01.01.2015
(restated)
Tangible fixed assets
232 681
205 287
197 714
Investment real estate
3 556
3 556
3 556
Intangible assets
16 726
14 796
19 907
Financial assets
7
1 631
1 631
Deferred income tax assets
9 314
8 945
2 627
Long-term active prepayments and accrued
110
22
97
Total fixed assets
262 394
234 237
225 532
Stocks
141 440
125 116
121 800
Trade accounts receivable
136 605
107 863
96 291
Other short-term accounts receivable
20 922
15 618
10 744
Income tax assets
1 488
1 037
530
Active prepayments and accrued income
3 513
1 952
1 387
Financial assets
1 842
2 013
2 057
Cash and cash equivalents
248 973
174 669
154 510
Total current assets
554 783
428 268
387 319
TOTAL ASSETS
817 177
662 505
612 851
Share capital
5 376
5 376
5 376
Capital from the valuation of warrants
5 942
3 483
1 145
Reserve funds
314 930
239 696
219 108
Revaluation capital reserve
73 987
74 247
74 421
Capital reserves
2 048
2 048
2 082
Retained profit
91 772
89 509
84 186
Foreign exchange differences from
-4 261
-5 832
902
Equity attributable to shareholders of the
489 794
408 527
387 220
Non-controlling interest
1 744
1 540
1 004
Total equity
491 538
410 067
388 224
Credits and debt securities
7 732
7 850
1 269
Provisions
17 224
19 213
19 281
Income from future periods
7 363
7 708
1 000
Deferred tax provision
508
591
652
Other liabilities
96
0
0
Total long-term liabilities
32 923
35 362
22 202
Credits and debt securities
162 552
96 848
75 155
Trade liabilities
79 011
59 046
59 746
Financial liabilities
3 004
1 183
3 120
Other short-term liabilities
23 559
32 732
30 526
Income tax liabilities
1 501
8 889
14 737
Income from future periods
316
392
479
Provisions
22 773
17 986
18 662
Total short-term liabilities
292 716
217 076
202 425
TOTAL LIABILITIES
817 177
662 505
612 851
CONSOLIDATED PROFIT AND LOSS ACCOUNT
in thousand PLN
01.01.2016
31.12.2016
01.01.2015
31.12.2015
(restated)
Sales revenue
930 250
903 527
Cost of sales
679 984
679 233
Gross profit on sales
250 266
224 294
Selling cost
29 505
24 087
General and administrative expenses
91 964
87 723
Core business result
128 797
112 484
Other operating income
18 169
25 971
Other operating expenses
16 132
22 369
Operating result
130 834
116 086
Financial income
6 592
5 656
Financial expenses
2 010
3 327
Pre-tax profit
135 416
118 415
Income tax
30 480
21 182
current
30 927
27 207
deferred
-447
-6 025
Net profit
104 936
97 233
attributable to shareholders of the Parent
104 165
96 630
attributable to non-controlling interest
771
603
Weighted-average number of shares
26 881 922
26 881 922
Earnings per share
3,87
3,59
Weighted-average diluted number of
27 957 194
27 957 194
Diluted earnings per share
3,73
3,46
Revenue from sales of products
847 928
813 228
Revenue from sales of goods and
54 238
64 291
Other revenues
28 084
26 008
Total sales revenue including
930 250
903 527
of witch
revenue generated locally
284 400 268 941
revenues from foreign contractors
645 850 634 586
CONSOLIDATED CASH FLOW STATEMENT
For the period from 01.01 to 31.12
2016
2015 (restated)
Net profit
104 165
96 630
Total adjustments:
-7 163
11 625
in thousand PLN
Profit attributable to the non-controlling shareholders
771
603
Depreciation
36 367
36 753
Net foreign exchange (gains) losses
481
-1 211
Net interest and dividends
1 056
862
Income tax on profit before taxation
30 927
27 207
(Gains) losses from investing activities
-1 889
-1 915
Change in provisions
2 715
-2 075
Change in stocks
-8 652
-3 317
Change in accounts receivable
-29 196
-16 078
Change in liabilities
-2 083
486
Change in active prepayments and accrued income
-2 029
1 646
Other adjustments
-2 104
1 858
Income tax paid
-33 527
-33 194
Net cash from operating activities
97 002
108 255
Income from sales of tangible and intangible fixed assets
6 268
17 955
Acquisition of tangible and intangible fixed assets
-42 485
-64 097
Outflows for financial assets and the acquisition of a subsidiary, net of cash acquired
-17 566
-561
Dividend paid to minority shareholders
-602
-54
Income from financial assets
34
48
Other
-3 485
1 955
Net cash from investing activities
-57 836
-44 754
Proceeds from credits taken
63 218
28 257
Exchange differences
-54
460
Interest paid
-1 040
-844
Dividend paid to shareholders
-26 882
-71 237
Other
-97
16
Net cash from financing activities
35 145
-43 348
Change in cash
74 311
20 153
Change in cash resulting from foreign exchange differences
-7
6
Cash at beginning of period
174 669
154 510
Change in net cash
74 304
20 159
Cash at end of period
248 973
174 669
including restricted cash
25
18
Sanockie Zaklady Przemyslu Gumowego Stomil Sanok SA published this content on 20 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 March 2017 10:56:12 UTC.
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Sanok Rubber Company SA, known as Sanockie Zaklady Przemyslu Gumowego Stomil Sanok SA, is a Poland-based company focused on development, production and marketing of products made from rubber and rubber combined with metal and other materials. The Company's business is divided into four segments: Automotive, Construction, Rubber Compounds and Industry and Agriculture. The Company manufactures a range of products used in such fields as car body sealing systems, car suspension and exhaust systems, electrical, power transmission, fuel and cooling systems, agriculture, household appliances and pharmaceutical industry.. The Company's customers are: Fiat, General Motors, Ford Motor, Volvo Cars, Suzuki, Volkswagen Group, Volvo Trucks, Mack Truck and LDV, among others. The Company operates through Stomet Sp. z o.o., PST Stomil Sp. z o.o., Stomil Sanok Dystrybucja Sp. z o.o., PHU Stomil East Sp. z o.o., Stomil Sanok Wiatka satz, and Stomil Sanok Rus Sp. z o.o., among others.