Sanok Rubber Spólka Akcyjna : Consolidated Annual Report for 2021

CONSOLIDATED BALANCE SHEET

(Financial report as of the end of period) - in thousand PLN

Specification

31/12/2021 As at 31/12/2020

TOTAL LIABILITIES

939 670

1 004 181

Tangible fixed assets	389 683	416 022
Investment properties	3 489	4 615
Goodwill	2 290	7 323
Non-tangible assets other than goodwill	6 623	6 385
Long-term receivables	2 822	2 503
Contract assets	2 159	1 321
Financial assets	6	6
Deferred income tax assets	34 126	35 092
Long-term prepayments	3 856	4 885
Total fixed assets	445 054	478 152
Inventory	239 178	195 085
Trade receivables	152 137	150 338
Other short-term receivables	12 922	10 238
Income tax receivables	3 139	1 576
Contract assets	235	212
Prepayments	3 036	2 996
Financial assets	2 432	55 577
Cash	81 537	110 007
Total current assets	494 616	526 029
TOTAL ASSETS	939 670	1 004 181
Share capital	5 376	5 376
Valuation of warrants (incentive scheme)	6 291	6 291
Statutory reserve capital	1 792	1 792
Retained profits	501 228	498 019
Exchange rate differences	-13 171	-13 855
Total equity of the Parent Company	501 516	497 623
Non-controlling interests	511	429
Overall equity of the Parent Company and non-controlling interests	502 027	498 052
Credits and debt securities	47 511	89 833
Long-term provisions for employee benefits	19 365	20 625
Deferred income	4 616	5 236
Provision for deferred tax	255	13
Financial liabilities due to leasing	24 598	27 750
Total long-term liabilities	96 345	143 457
Credits and debt securities	145 776	190 478
Trade liabilities	111 147	96 595
Other financial liabilities	2 650	271
Financial liabilities due to leasing	3 557	3 941
Other short-term liabilities	19 522	18 800
Income tax liabilities	146	1 138
Contractual liabilities	13 052	19 241
Deferred income	730	2 075
Short-term provisions for employee benefits	24 116	21 081
Other short-term provisions	20 602	9 052
Total short-term liabilities	341 298	362 672
1

Revenue from sales of products

Revenue from sales of goods and materials Other revenues

Sales revenues

Prime costs of the sale Gross profit (loss) on sales Selling costs

General and administrative costs Other operating revenues

Other operating expenses Profit/loss on operating activity

Loss (gain) due to impairment (reversal of losses) on trade and other receivables in accordance with IFRS 9

Financial revenues Financial expenses

Gross profit/loss (before taxation) Income tax

Net result

30 826 36 519

attributable to: shareholders of the parent company non-controlling shareholders

Weighted average number of shares Earnings per share

Diluted weighted average shares

Diluted earnings per share

Total sales revenue including of witch revenue generated locally revenues from foreign contractors

CONSOLIDATED PROFIT AND LOSS ACCOUNT
01/01/2021	01/01/2020
Specification
31/12/2021	31/12/2020
1 171 680	976 070
963 007	806 174
208 673	169 896
37 511	28 985
125 149	116 765
9 820	24 397
15 983	4 464
39 850	44 079
-1 456	69
5 557	1 203
6 223	8 788
37 728	36 563
6 902	44
30 451	36 217
375	302
26 881 922	26 881 922
1,13	1,35
27 509 164	27 509 164
1,11	1,32
1 019 893	846 564
105 472	84 218
46 315	45 288
1 171 680	976 070
381 799	320 896
789 881	655 174

in thousand PLN

CONSOLIDATED CASH FLOW STATEMENT in thousand PLN

SpecificationNet profit

Total adjustments for: Depreciation

Net foreign exchange rate profit and loss Net interest and dividends

Income tax on profit before tax Profit (loss) on investment activities Change in provisions

Change in inventory Change in receivables Change in liabilities

Change in prepayments and deferred income

Adjustments resulting from an impairment loss (reversal of an impairment loss) recognized in profit or loss

Other adjustments Income tax paid

Net cash flows from operating activity

Inflows from sale of fixed assets and intangible and legal assets Purchase of fixed assets and intangible and legal assets

Other investment cash flows

Net cash from investing activities

Change in the balance of credits Loans repayment

Paid interest

Financial expenditure on lease Dividends paid to owners Other revenues/expenses

Net cash flows from financing activity Change in cash and cash equivalents

Net exchange differences in cash and cash equivalents Opening balance of cash

For the period from 01/01 to 31/12

2021

30 826

44 172

63 330

698

• 2 735

• 5 716

  -57

13 567

-44 093

-5 660

9 090

-10

5 823

1 351

-8 318

74 998

156

-39 127

55 224

16 253

0

-85 936

-2 735

-4 322

-26 882

153

-119 722

-28 471

1

110 007

2020

36 519

116 716

62 396

20 381

• 2 900

• 2 774

  934

6 146

12 041

8 325

14 686

-3 082

-10 712 -73

153 235

510

-47 381

-62 470

-109 341

52 342

-59 648

-2 900

-3 451

0

-7

-13 664

30 230

50

79 727

Net change in cash Closing balance of cash including of limited disposability

-28 470

30 280

81 537

110 007

558

870