Integer pl : Condensed consolidated financial statements for first half of 2013 of Integer.pl SA Capital Group

Condensed consolidated financial statements for first half of 2013 of Integer.pl SA Capital Group - Krakow, 29 August 2013 - CONTENTS:

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 3

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7

1. Notes to financial statements 8

2. General Information 8

3. Group composition 8

4. Functional currency and reporting currency 8

5. Statement of compliance and basis of preparation of the financial statements 9

6. Seasonal or cyclical nature of the Group's interim operations 11

7. Significant events in the period of the first half of 2013 11

8. Increase in the Issuer's share capital 11

9. Purchase of a licence from Deutsche Post AG 12

   4.3 Increase in share capital of the Issuer's subsidiary 13

10. Filing a petition for bankruptcy of a Subsidiary 14

11. Signing an agreement for the sale of electronics 14

12. Significant estimates 14

13. Revenues and expenses 15

    5.1 Revenues from sales 15

14. Operating expenses 15

15. Financial revenues and expenses 15

16. Business segments 16

17. Income tax 16

18. Dividends paid and proposed 16

19. Goodwill 16

20. Property, plant and equipment and intangible assets 16

21. Investments in subsidiaries 17

22. Long-term and short-term financial assets 17

23. Deferred tax assets 17

24. Inventories 17

25. Trade and other receivables 17

26. Long-and short-term financial liabilities 17

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

28. Provisions and deferred income 18

29. Sureties, warranties 18

30. Court proceedings 18

31. Related parties 18

32. Shareholders 18

33. Other related parties 18

34. Remuneration of senior executives of Integer.pl SA Capital Group 19

35. Events after the reporting period 20

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(in PLN '000)

Note	01.01.2013 30.06.2013	01.01.2012 30.06.2012
Revenues from sales	5.1	154 481	132 167
Other operating revenues	4 800	50 817
Amortisation and depreciation	12 447	8 807
Materials and energy consumption	14 580	4 519
External services	75 773	73 086
Taxes and fees	1 842	1 127
Salaries	23 530	18 616
Social security and other benefits	4 320	2 675
Other expenses by type	3 257	4 140
Value of goods and materials sold	10 103	17 135
Other operating expenses	4,011	1 230
Total operating expenses	5.2	149 863	131 335
Operating profit (loss)	9 418	51 649
Financial revenues	5.3	13 319	4 073
Financial expenses	5.3	12 041	7 903
Profit (loss) before tax	10 696	47 819
Amortisation of negative goodwill of related parties
Income tax	639	1 799
Net profit (loss) from continuing operations	10 057	46 020
Net profit (loss) from discontinued operations
Net profit (loss)	10 057	46 020
Other comprehensive income subject to reclassification to profit or loss:
Exchange differences on translating foreign operations	2 356
Total comprehensive income	12 413	46 020
Net profit attributable to:
Parent company shareholders	11 605	46 558
Non-controlling shares	(1 548)	(538)
Total comprehensive income attributable to:
Parent company shareholders	11 605	46 558
Non-controlling shares	(1 548)	(538)
Earnings per share
From continuing operations
Basic	1.59	7.75
Diluted	1.59	6.73
From continuing and discontinued operations
Basic	1.59	7.75
Diluted	1.59	6.73

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in PLN '000)

ASSETS	Note	As at 30.06.2013	As at 31.12.2012
Fixed assets	345 896	253 020
Goodwill	9	6 054	6 054
Other intangible assets	10	84 854	70 792
Tangible fixed assets	10	217 173	146 999
Investments in subsidiaries	11	668	514
Other financial assets	21 825	20 232
Deferred tax assets	13	13 002	7 288
Other fixed assets	2 320	1 141
Current assets	451 181	304 395
Inventories	14	20 008	21 472
Other financial assets	19 748	18 821
Trade and other receivables	15	265 162	158 474
Income tax receivables	671	3 923
Other current assets	1 318	1 743
Cash and cash equivalents	144 274	99 962
Total assets	797 077	557 415
EQUITY AND LIABILITIES	As at 30.06.2013	As at 31.12.2012
Equity
Share capital	6 828	6 239
Supplementary capital	324 280	128 491
Retained earnings	6 331	66 226
Foreign exchange differences arising from consolidation	1 139	(1 217)
Capital attributable to parent company shareholders	338 578	199 739
Non-controlling shares	146 591	77 664
Total equity	485 169	277 403
Long-term borrowings (bank credits and loans)	17	6 058	3 540
Other long-term provisions	677	817
Bonds	38 407	47 258
Government subsidies	26 493	29 934
Long-term financial liabilities	6 724	8 909
Total long-term liabilities	78 359	90 458
Short-term liabilities
Trade and other payables	70 804	136 475
Short-term borrowings (bank credits and loans)	17	93 228	29 298
Short-term financial liabilities	3 529	4 608
Bonds	41 002	9 686
Government subsidies	5 258	4 734
Current tax liabilities	874	1 821
Short-term provisions	18 854	2 932
Total short-term liabilities	233 549	189 554
Total liabilities	311 908	280 012
Total equity and liabilities	797 077	557 415