Interim Condensed Consolidated Financial Standing Statement
in thousand PLN | ||||
As at | ||||
Specification | Note | 30/06/2021 | 31/12/2020 | 30/06/2020 |
(unaudited) | (unaudited) | |||
Tangible fixed assets | 13 | 393 160 | 416 022 | 435 556 |
Investment properties | 3 489 | 4 615 | 3 489 | |
Goodwill | 14 | 7 500 | 7 323 | 7 186 |
Non-tangible assets other than goodwill | 14 | 7 130 | 6 385 | 5 715 |
Long-term receivables | 2 632 | 2 503 | 1 501 | |
Financial assets | 15 | 6 | 6 | 6 |
Deferred income tax assets | 16 | 28 647 | 35 092 | 40 674 |
Long-term prepayments | 5 838 | 6 206 | 6 232 | |
Total fixed assets | 448 402 | 478 152 | 500 359 | |
Inventory | 17 | 214 269 | 195 085 | 202 051 |
Trade receivables | 18 | 182 350 | 150 338 | 125 706 |
Other short-term receivables | 10 053 | 10 238 | 11 406 | |
Income tax receivables | 1 671 | 1 576 | 3 530 | |
Prepayments | 7 884 | 3 208 | 6 875 | |
Financial assets | 15 | 21 171 | 55 577 | 619 |
Cash | 145 121 | 110 007 | 91 595 | |
Total current assets | 582 519 | 526 029 | 441 782 | |
TOTAL ASSETS | 1 030 921 | 1 004 181 | 942 141 | |
Share capital | 5 376 | 5 376 | 5 376 | |
Valuation of warrants (incentive scheme) | 23 | 6 291 | 6 291 | 6 291 |
Statutory reserve capital | 1 792 | 1 792 | 1 792 | |
Retained profits | 500 861 | 498 019 | 473 753 | |
Exchange rate differences | -12 068 | -13 855 | -9 635 | |
Total equity of the Parent Company | 502 252 | 497 623 | 477 577 | |
Non-controlling interests | 385 | 429 | 995 | |
Overall equity of the Parent Company and non-controlling interests | 502 637 | 498 052 | 478 572 | |
Credits and debt securities | 21 | 106 451 | 89 833 | 221 221 |
Long-term provisions for employee benefits | 19 | 20 223 | 20 625 | 19 817 |
Deferred income | 4 913 | 5 236 | 5 387 | |
Provision for deferred tax | 16 | 0 | 13 | 336 |
Financial liabilities due to leasing | 22 521 | 27 750 | 30 417 | |
Total long-term liabilities | 154 108 | 143 457 | 277 178 | |
Credits and debt securities | 21 | 142 785 | 190 478 | 58 282 |
Trade liabilities | 109 870 | 96 595 | 61 505 | |
Other financial liabilities | 429 | 271 | 1 585 | |
Financial liabilities due to leasing | 3 657 | 3 941 | 2 803 | |
Other short-term liabilities | 49 494 | 18 800 | 21 988 | |
Income tax liabilities | 224 | 1 138 | 190 | |
Contractual liabilities | 15 250 | 19 241 | 13 397 | |
Deferred income | 3 827 | 2 075 | 2 490 | |
Short-term provisions for employee benefits | 20 | 33 799 | 21 081 | 19 167 |
Other short-term provisions | 20 | 14 841 | 9 052 | 4 984 |
Total short-term liabilities | 374 176 | 362 672 | 186 391 | |
TOTAL LIABILITIES | 1 030 921 | 1 004 181 | 942 141 | |
1
Interim Condensed Consolidated Profit and Loss Account
in thousand PLN
01/04/2021 | 01/01/2021 | 01/04/2020 | 01/01/2020 | |
Specification | 30/06/2021 | 30/06/2021 | 30/06/2020 | 30/06/2020 |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenues | 301 091 | 604 170 | 181 079 | 440 887 |
Prime costs of the sale | 242 388 | 488 437 | 146 812 | 366 600 |
Gross profit (loss) on sales | 58 703 | 115 733 | 34 267 | 74 287 |
Selling costs | 9 377 | 17 806 | 6 317 | 13 506 |
General and administrative costs | 30 092 | 59 185 | 41 518 | 66 680 |
Other operating revenues | 1 287 | 5 940 | 9 862 | 14 938 |
Other operating expenses | 2 278 | 4 841 | 149 | 1 002 |
Profit/loss on operating activity | 18 243 | 39 841 | -3 855 | 8 037 |
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
-301 | -403 | 388 | 523 | ||||
1 194 | 2 502 | 164 | 859 | ||||
802 | 2 361 | 836 | 6 106 | ||||
18 334 | 39 579 | -4 139 | 3 313 | ||||
4 362 | 9 071 | -6 054 | -7 603 |
Net result | 13 972 | 30 508 | 1 915 | 10 916 |
attributable to: | ||||
shareholders of the parent company | 13 833 | 30 255 | 1 826 | 10 726 |
non-controlling shareholders | 139 | 253 | 89 | 190 |
Weighted average number of shares | 26 881 922 | 26 881 922 | ||
Earnings per share | 1,13 | 0,40 | ||
Diluted weighted average shares | 27 509 164 | 27 509 164 | ||
Diluted earnings per share | 1,10 | 0,39 |
2
Interim Condensed Consolidated Cash Flow Statement
in thousand PLN
For the period from 01/01 to 30/06 | ||||
Specification | (unaudited) | |||
2021 | 2020 | |||
Net profit | 30 508 | 10 916 | ||
Total adjustments for: | 17 077 | 46 741 | ||
Depreciation | 31 281 | 29 972 | ||
Net foreign exchange rate profit and loss | -5 523 | 13 931 | ||
Net interest and dividends | 1 471 | 1 610 | ||
Income tax on profit before tax | 2 607 | 693 | ||
Profit (loss) on investment activities | -56 | 951 | ||
Change in provisions | 18 092 | -321 | ||
Change in inventory | -19 184 | 5 075 | ||
Change in receivables | -31 963 | 33 233 | ||
Change in liabilities | 13 442 | -20 406 | ||
Change in prepayments and deferred income | 3 566 | -11 792 | ||
Other adjustments | 7 035 | -4 839 | ||
Income tax paid | -3 691 | -1 366 | ||
Net cash flows from operating activity | 47 585 | 57 657 | ||
Inflows from sale of fixed assets and intangible and legal assets | 234 | 153 | ||
Purchase of fixed assets and intangible and legal assets | -15 941 | -32 479 | ||
Other investment cash flows | 32 200 | -9 894 | ||
Net cash flows from investing activities | 16 493 | -42 220 | ||
Change in the balance of credits | 0 | 57 001 | ||
Loans repayment | -26 012 | -57 410 | ||
Paid interest | -1 471 | -1 610 | ||
Financial expenditure on lease | -2 034 | -940 | ||
Other revenues/expenses | 557 | -623 | ||
Net cash flows from financing activity | -28 960 | -3 582 | ||
Change in cash and cash equivalents | 35 118 | 11 855 | ||
Net exchange differences in cash and cash equivalents | -4 | 13 | ||
Opening balance of cash | 110 007 | 79 727 | ||
Net change in cash | 35 114 | 11 868 | ||
Closing balance of cash | 145 121 | 91 595 | ||
including of limited disposability | 151 | 220 |
3
Interim Condensed Financial Standing Statement of SANOK RC SA
in thousand PLN | |||
As at | |||
30.06.2021 | 31.12.2020 | 30.06.2020 | |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 312 731 | 330 112 | 345 151 |
Intangible assets | 5 694 | 4 801 | 4 196 |
Other long-term accounts receivable | 2 632 | 2 503 | 1 501 |
Shares | 40 841 | 24 990 | 24 990 |
Financial assets | 138 883 | 139 422 | 117 059 |
Deferred income tax assets | 23 706 | 30 705 | 36 345 |
Long-term active prepayments and accrued income | 2 111 | 1 957 | 1 694 |
Total fixed assets | 526 598 | 534 490 | 530 937 |
Stocks | 126 400 | 105 999 | 118 447 |
Trade accounts receivable | 150 457 | 126 923 | 99 886 |
Other short-term accounts receivable | 8 834 | 5 974 | 7 883 |
Active prepayments and accrued income | 4 024 | 2 047 | 4 044 |
Financial assets | 22 271 | 58 134 | 21 238 |
Cash and cash equivalents | 121 959 | 99 610 | 75 257 |
Total current assets | 433 945 | 398 687 | 326 755 |
TOTAL ASSETS | 960 543 | 933 177 | 857 691 |
Share capital | 5 376 | 5 376 | 5 376 |
Reserve funds | 1 792 | 1 792 | 1 792 |
Capital from the valuation of warrants | 6 291 | 6 291 | 6 291 |
Retained profit | 531 088 | 520 507 | 501 749 |
Total shareholders' equity | 544 547 | 533 966 | 515 208 |
Credits | 96 735 | 84 318 | 208 979 |
Financial liabilities | 12 670 | 12 765 | 12 235 |
Provisions | 20 215 | 21 061 | 23 090 |
Income from future periods | 34 | 24 | 0 |
Total long-term liabilities | 129 654 | 118 169 | 244 304 |
Credits and debt securities | 129 848 | 157 443 | 26 490 |
Trade liabilities | 77 005 | 63 971 | 35 203 |
Financial liabilities | 2 158 | 2 227 | 1 716 |
Other short-term liabilities | 37 272 | 12 418 | 9 312 |
Income tax liabilities | 0 | 1 120 | 0 |
Liabilities related to the contract | 3 566 | 3 683 | 3 509 |
Income from future periods | 264 | 2 | 254 |
Provisions | 36 229 | 40 179 | 21 695 |
Total short-term liabilities | 286 342 | 281 043 | 98 179 |
TOTAL LIABILITIES | 960 543 | 933 177 | 857 691 |
4
Interim Condensed Profit and Loss Account of SANOK RC SA
in thousand PLN
01.04.2021 | 01.01.2021 | 01.04.2020 | 01.01.2020 | ||||||
30.06.2021 | 30.06.2021 | 30.06.2020 | 30.06.2020 | ||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||
Sales revenue | 204 035 | 419 385 | 113 564 | 300 898 | |||||
Cost of sales | 168 766 | 343 120 | 88 230 | 244 873 | |||||
Gross profit on sales | 35 269 | 76 265 | 25 334 | 56 025 | |||||
Selling cost | 3 213 | 6 394 | 1 705 | 3 851 | |||||
General and administrative expenses | 15 789 | 31 082 | 29 312 | 41 674 | |||||
Core business result | 16 268 | 38 789 | -5 683 | 10 500 | |||||
Other operating income | 490 | 4 100 | 6 899 | 7 002 | |||||
Other operating expenses | 121 | 617 | 135 | 938 | |||||
Operating result | 16 637 | 42 272 | 1 080 | 16 564 | |||||
Losses on write-downs / gains on reversals of write-downs under | -791 | -378 | 138 | 141 | |||||
IFRS 9 | |||||||||
Interest income | 1 611 | 3 134 | 1 545 | 3 255 | |||||
Financial income | 3 155 | 3 795 | 444 | 843 | |||||
Financial expenses | 976 | 2 625 | 561 | 4 986 | |||||
Pre-tax profit | 21 218 | 46 954 | 2 371 | 15 535 | |||||
Income tax | 4 004 | 8 764 | -6 444 | -7 994 | |||||
current | -771 | 1 657 | 765 | 0 | |||||
deferred | 1 222 | -879 | -491 | -95 | |||||
deferred (activities in Polish Investment Zone) | 3 553 | 7 986 | -6 718 | -7 898 | |||||
Net profit | 17 214 | 38 190 | 8 815 | 23 529 | |||||
Weighted-average number of shares | 26 881 922 | 26 881 922 | |||||||
Earnings per share | 1,42 | 0,88 | |||||||
Weighted-average diluted number of shares | 27 509 164 | 27509164 | |||||||
Diluted earnings per share | 1,39 | 0,86 |
5
Attachments
- Original document
- Permalink
Disclaimer
Sanok Rubber Company SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 07:41:08 UTC.