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

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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.