Integer pl : CONDENSED SEPARATE FINANCIAL STATEMENTS for Q1 2013

Condensed separate financial statements for Q1 of 2013 of the company Integer.pl SA - Cracow, 15 May 2013 - CONTENTS:

Condensed separate financial statements of Integer.pl SA for Q1 2013

CONDENSED SEPARATE STATEMENT OF COMPREHENSIVE INCOME 3

CONDENSED SEPARATE STATEMENT OF FINANCIAL POSITION 4

CONDENSED SEPARATE STATEMENT OF CASH FLOWS 6

CONDENSED SEPARATE STATEMENT OF CHANGES IN EQUITY 8

NOTES TO FINANCIAL STATEMENTS 9

1. General Information 9

2. The Management Board of the parent company Integer.pl SA 10

3. Statement of compliance and basis of preparation of the financial statements 10

4. Significant events in the period of the first quarter 2013 12

5. Registration of the increase in the Issuer's share capital 12

6. Purchase of a license from Deutsche Post AG 12

7. Revenues and expenses 13

8. Financial revenues 14

9. Financial expenses 14

10. Property, plant and equipment and intangible assets 14

11. Investments in subsidiaries 14

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

13. Deferred tax assets 14

14. Inventories 14

15. Trade receivables 15

16. Share capital and supplementary capital/other reserve capitals 15

17. Long-and short-term financial liabilities 17

18. Long-and short-term liabilities under borrowings and bonds 17

19. Provisions and deferred income 18

20. Sureties granted 18

21. Guarantees 18

22. Court proceedings 18

23. Related parties 19

24. Remuneration of the Company's senior executives 21

25. Employment structure 21

26. Events after the balance sheet date 21

CONDENSED SEPARATE 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	41 356	89 610	10 251
Other operating revenues	882	3 385	768
Amortisation and depreciation	6	2 907	10 385	2 511
Materials and energy consumption	6 279	11 730	399
External services	6 389	22 369	5 184
Taxes and fees	72	231	63
Salaries	1 243	3 811	904
Social security and other benefits	213	637	426
Other expenses by type	217	1 250	310
Value of goods and materials sold	20 135	46 147	3 902
Other operating expenses	186	1 144	2
Total operating expenses	37 641	97 704	13 701
Operating profit (loss)	4 597	(4 709)	(2 682)
Financial revenues	3 097	63 372	2 655
Financial expenses	5.2	3 161	7 624	1 554
Profit (loss) before tax	4 533	51 039	(1 581)
Income tax	572	(669)	(1 581)
Net profit (loss) from continuing operations	3 961	51 708	142
Net profit (loss) from discontinued operations
Net profit (loss)	3 961	51 708	(1 723)
Other comprehensive income
Other comprehensive income after tax
Total comprehensive income	3 961	51 708	(1 723)
Earnings per share	0.63	(0.29)
Basic	8.67
Diluted	8.67

CONDENSED SEPARATE 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	267 725	244 722	121 292
Goodwill	-
Other intangible assets	14 284	14 051	12 422
Tangible fixed assets	67 156	69 182	70 217
Other intangible assets
Investments in subsidiaries	7	162 120	136 553	20 353
Other long-term financial assets	8	22 474	23 295	16 757
Deferred tax assets	1 671	1 604	793
Other fixed assets	20	37	750
Current assets	152 687	128 746	78 251
Inventories	10	22 876	19 495	7 198
Other financial assets	25 463	25 174	26 615
Trade receivables	11	99 955	75 632	35 776
Income tax receivables	1 837
Other current assets	178	142	2 190
Cash and cash equivalents	4 215	6 466	6 472
Total assets	420 412	373 468	199 543
EQUITY AND LIABILITIES	Note	01.01.2013 31.12.2013	01.01.2012 31.12.2012	01.01.2012 31.03.2012
Equity
Share capital	12	6 239	6 239	5 938
Supplementary capital	105 654	105 654	56 961
Retained earnings	56 099	52 138	5 381
Total equity	167 992	164 031	68 280
Long-term liabilities
Long-term borrowings (bank credits and loans)	14	34 815	14 094	4 628
Deferred income tax provision
Other long-term provisions and deferred income	15	284	340	509
Long-term liabilities	7 146	8 179	10 603
Government subsidies	20 516	20 660	22 685
Bonds	14	52 032	47 258	25 698
Total long-term liabilities	114 793	90 531	64 123
Short-term liabilities
Trade and other payables	88 614	90 597	19 150
Short-term borrowings (bank credits and loans)	14	9 927	9 984	6 172
Financial liabilities	13	3 260	3 760	6 513
Current tax liabilities	0	1 464