Interim Condensed Consolidated Financial Standing Statement
in thousand PLN
As at | |||
Specification | 30/09/2023 | 31/12/2022 | 30/09/2022 |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 377 470 | 380 085 | 386 150 |
Investment properties | 3 914 | 3 681 | 3 489 |
Goodwill | 8 172 | 297 | 297 |
Non-tangible assets other than goodwill | 4 617 | 10 610 | 10 354 |
Long-term receivables | 3 945 | 3 046 | 3 407 |
Contract assets | 1 935 | 1 928 | 1 998 |
Financial assets | 6 | 6 | 892 |
Deferred income tax assets | 41 408 | 40 924 | 41 037 |
Long-term prepayments | 2 287 | 3 084 | 3 442 |
Total fixed assets | 443 754 | 443 661 | 451 066 |
Inventory | 248 703 | 270 960 | 268 474 |
Trade receivables | 211 441 | 190 091 | 215 802 |
Other short-term receivables | 14 536 | 14 773 | 26 076 |
Income tax receivables | 36 | 418 | 190 |
Contract assets | 256 | 235 | 235 |
Prepayments | 6 637 | 2 637 | 5 460 |
Financial assets | 1 274 | 1 876 | 1 201 |
Cash | 133 759 | 91 896 | 60 332 |
Total current assets | 616 642 | 572 886 | 577 770 |
TOTAL ASSETS | 1 060 396 | 1 016 547 | 1 028 836 |
Share capital | 5 376 | 5 376 | 5 376 |
Own Shares | -11 230 | -11 230 | -11 177 |
Valuation of warrants (incentive scheme) | 840 | 6 297 | 6 291 |
Reserve capital for the share buyback program | 11 230 | 15 000 | 15 000 |
Statutory reserve capital | 1 792 | 1 792 | 1 792 |
Retained profits | 583 208 | 542 867 | 529 081 |
Exchange rate differences | -13 600 | -13 179 | -12 741 |
Total equity of the Parent Company | 577 616 | 546 923 | 533 622 |
Non-controlling interests | 4 595 | 482 | 530 |
Overall equity of the Parent Company and non-controlling interests | 582 211 | 547 405 | 534 152 |
Credits and debt securities | 148 807 | 179 925 | 141 250 |
Long-term provisions for employee benefits | 18 311 | 18 249 | 17 568 |
Deferred income | 7 594 | 5 970 | 6 436 |
Provision for deferred tax | 258 | 216 | 223 |
Long-term liabilities | 178 | 0 | 0 |
Financial liabilities due to leasing | 24 205 | 24 059 | 25 447 |
Total long-term liabilities | 199 353 | 228 419 | 190 924 |
Credits and debt securities | 41 329 | 19 168 | 64 129 |
Trade liabilities | 120 958 | 129 344 | 147 385 |
Other financial liabilities | 23 | 561 | 3 096 |
Financial liabilities due to leasing | 4 272 | 4 587 | 4 540 |
Other short-term liabilities | 23 069 | 20 651 | 21 961 |
Income tax liabilities | 703 | 124 | 416 |
Contractual liabilities | 10 939 | 8 283 | 8 661 |
Deferred income | 1 166 | 1 194 | 659 |
Short-term provisions for employee benefits | 51 555 | 36 466 | 36 989 |
Other short-term provisions | 24 818 | 20 345 | 15 924 |
Total short-term liabilities | 278 832 | 240 723 | 303 760 |
TOTAL LIABILITIES | 1 060 396 | 1 016 547 | 1 028 836 |
1 |
Interim Condensed Consolidated Profit and Loss Account
in thousand PLN
01/07/2023 | 01/01/2023 | 01/07/2022 | 01/01/2022 | |
Specification | 30/09/2023 | 30/09/2023 | 30/09/2022 | 30/09/2022 |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenues | 359 422 | 1 118 633 | 347 234 | 1 038 417 |
Prime costs of the sale | 289 822 | 907 539 | 287 619 | 853 132 |
Gross profit (loss) on sales | 69 600 | 211 094 | 59 615 | 185 285 |
Selling costs | 10 466 | 31 604 | 11 368 | 32 199 |
General and administrative costs | 39 484 | 112 928 | 35 689 | 96 629 |
Other operating revenues | 2 937 | 10 403 | 794 | 2 220 |
Other operating expenses | 1 393 | 3 822 | 424 | 1 793 |
Result on deconsolidation | -175 | -175 | -13 830 | -13 830 |
Profit/loss on operating activity | 21 019 | 72 968 | -902 | 43 054 |
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
-787 | -1 459 | 57 | 85 | |||
701 | 8 710 | 2 175 | 3 521 | |||
4 083 | 10 408 | 2 680 | 6 296 | |||
16 850 | 69 811 | -1 350 | 40 364 | |||
692 | 7 155 | -2 461 | -2 335 |
Net result | 16 158 | 62 656 | 1 111 | 42 699 |
attributable to: | ||||
shareholders of the parent company | 15 824 | 62 123 | 977 | 42 381 |
non-controlling shareholders | 334 | 533 | 134 | 318 |
Weighted average number of shares | 26 075 465 | 26 881 922 | ||
Earnings per share | 2,38 | 1,58 | ||
Diluted weighted average shares | 26 881 922 | 27 509 164 | ||
Diluted earnings per share | 2,31 | 1,54 |
2
Interim Condensed Consolidated Cash Flow Statement
in thousand PLN
For the period from 01/01 to 30/09
Specification
(unaudited) | |||||||
2023 | 2022 | ||||||
Net profit | 62 656 | 42 699 | |||||
Total adjustments for: | 78 716 | 7 910 | |||||
Depreciation | 48 006 | 46 250 | |||||
Net foreign exchange rate profit and loss | -3 039 | 15 589 | |||||
Net interest and dividends | 6 574 | 2 862 | |||||
Income tax on profit before tax | 7 990 | 5 089 | |||||
Profit (loss) on investment activities | -720 | -13 341 | |||||
Change in provisions | 18 481 | 6 366 | |||||
Change in inventory | 25 560 | -29 296 | |||||
Change in receivables | -17 729 | -77 101 | |||||
Change in liabilities | -9 756 | 33 822 | |||||
Change in prepayments and deferred income | -3 027 | -7 172 | |||||
Other adjustments | 13 556 | 26 687 | |||||
Income tax paid | -7 180 | -1 845 | |||||
Net cash flows from operating activity | 141 372 | 50 609 | |||||
Inflows from sale of fixed assets and intangible and legal assets | 1 399 | 174 | |||||
Purchase of fixed assets and intangible and legal assets | -36 735 | -67 125 | |||||
Other investment cash flows | -1 783 | 8 583 | |||||
Expenses for financial assets | -11 584 | 0 | |||||
Środki pieniężne netto z działalności inwestycyjnej | -48 703 | -58 368 | |||||
Loans repayment | -8 980 | 3 117 | |||||
Paid interest | -7 128 | -2 862 | |||||
Acquisition of own shares | 0 | -11 177 | |||||
Financial expenditure on lease | -3 092 | -2 205 | |||||
Dividends paid to owners | -31 291 | 0 | |||||
Other revenues/expenses | -337 | -322 | |||||
Net cash flows from financing activity | -50 828 | -13 449 | |||||
Change in cash and cash equivalents | 41 841 | -21 208 | |||||
Net exchange differences in cash and cash equivalents | 22 | 3 | |||||
Opening balance of cash | 91 896 | 81 537 | |||||
Net change in cash | 41 863 | -21 205 | |||||
Closing balance of cash | 133 759 | 60 332 | |||||
including of limited disposability | 349 | 697 |
3
Interim Condensed Financial Standing Statement of SANOK RC SA
in thousand PLN
As at | |||
30.09.2023 | 31.12.2022 | 30.09.2022 | |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 293 336 | 304 280 | 311 096 |
Intangible assets | 3 843 | 9 634 | 9 309 |
Other long-term accounts receivable | 3 226 | 3 046 | 3 408 |
Contract assets | 1 935 | 1 928 | 1 998 |
Shares | 91 695 | 79 160 | 79 160 |
Financial assets | 45 107 | 44 503 | 65 474 |
Deferred income tax assets | 33 575 | 32 296 | 33 763 |
Long-term active prepayments and accrued income | 438 | 570 | 599 |
Total fixed assets | 473 155 | 475 417 | 504 807 |
Stocks | 145 862 | 171 543 | 164 064 |
Trade accounts receivable | 193 680 | 175 385 | 191 695 |
Other short-term accounts receivable | 10 360 | 11 102 | 12 923 |
Contract assets | 256 | 235 | 235 |
Active prepayments and accrued income | 3 212 | 1 831 | 2 813 |
Financial assets | 10 748 | 21 767 | 1 954 |
Cash and cash equivalents | 114 278 | 78 997 | 49 909 |
Total current assets | 478 396 | 460 860 | 423 593 |
TOTAL ASSETS | 951 551 | 936 277 | 928 400 |
Share capital | 5 376 | 5 376 | 5 376 |
Own Shares | -11 230 | -11 230 | -11 177 |
Reserve funds | 1 792 | 1 792 | 1 792 |
Capital from the valuation of warrants | 840 | 6 297 | 6 291 |
Reserve capital for the share buyback program | 11 230 | 15 000 | 15 000 |
Retained profit | 589 790 | 556 129 | 540 297 |
Total shareholders' equity | 597 798 | 573 364 | 557 579 |
Credits | 133 157 | 175 198 | 135 740 |
Financial liabilities | 12 691 | 12 751 | 12 478 |
Provisions | 16 357 | 18 236 | 20 768 |
Income from future periods | 29 | 33 | 33 |
Total long-term liabilities | 162 234 | 206 218 | 169 019 |
Credits and debt securities | 25 708 | 0 | 45 306 |
Trade liabilities | 82 138 | 88 270 | 95 222 |
Financial liabilities | 2 737 | 3 192 | 6 507 |
Other short-term liabilities | 12 702 | 11 816 | 9 279 |
Income tax liabilities | 396 | 1 | 0 |
Liabilities related to the contract | 4 701 | 3 263 | 3 120 |
Income from future periods | 542 | 1 048 | 1 067 |
Provisions | 62 595 | 49 105 | 41 301 |
Total short-term liabilities | 191 519 | 156 695 | 201 802 |
TOTAL LIABILITIES | 951 551 | 936 277 | 928 400 |
4
Interim Condensed Profit and Loss Account of SANOK RC SA
in thousand PLN
01.07.2023 | 01.01.2023 | 01.07.2022 | 01.01.2022 | |
30.09.2023 | 30.09.2023 | 30.09.2022 | 30.09.2022 | |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenue | 250 922 | 803 745 | 238 682 | 720 761 |
Cost of sales | 208 985 | 676 196 | 204 312 | 610 270 |
Gross profit on sales | 41 937 | 127 549 | 34 370 | 110 491 |
Selling cost | 3 989 | 11 300 | 3 790 | 11 120 |
General and administrative expenses | 22 779 | 67 451 | 20 146 | 54 341 |
Core business result | 15 169 | 48 798 | 10 435 | 45 030 |
Other operating income | 1 066 | 7 444 | 294 | 1 279 |
Other operating expenses | 125 | 963 | 322 | 1 449 |
Operating result | 16 110 | 55 279 | 10 407 | 44 860 |
Losses on write-downs (+) / gains on reversals of write-downs under IFRS 9 (-) | 687 | 1 032 | -700 | -3 976 |
Interest income | 2 554 | 7 182 | 1 740 | 4 295 |
Financial income | -895 | 6 980 | 28 549 | 31 260 |
Financial expenses | 3 268 | 8 129 | 30 728 | 65 277 |
Pre-tax profit | 13 814 | 60 280 | 10 667 | 19 114 |
Income tax | -47 | 4 831 | -2 568 | -3 131 |
current | 2 156 | 6 054 | 1 051 | 3 122 |
deferred | -2 469 | -2 006 | -1 869 | -1 602 |
deferred (activities in Polish Investment Zone) | 266 | 783 | -1 750 | -4 651 |
Net profit | 13 861 | 55 449 | 13 235 | 22 245 |
Weighted-average number of shares | 26 075 465 | 26 881 922 | ||
Earnings per share | 2,13 | 0,83 | ||
Weighted-average diluted number of shares | 26 881 922 | 27509164 | ||
Diluted earnings per share | 2,06 | 0,81 |
5
Interim Condensed Cash Flow Statement of SANOK RC SA
in thousand PLN
For the period from 01.01 to 30.09 | |||
2023 | 2022 | ||
Net profit | 55 449 | 22 245 | |
Total adjustments: | 63 392 | 25 313 | |
− | Depreciation | 40 044 | 38 173 |
− | Net foreign exchange (gains) losses | -2 106 | 10 191 |
− | Net interest and dividends | -1 226 | -4 194 |
− | Income tax on profit before taxation | 6 054 | 3 122 |
− | (Gains) losses from investing activities | -702 | 31 265 |
− | Change in provisions | 13 429 | 5 120 |
− | Change in stocks | 25 681 | -16 475 |
− | Change in accounts receivable | -15 049 | -61 383 |
− | Change in liabilities | -4 561 | 16 740 |
− | Change in active prepayments and accrued income | -3 037 | -6 857 |
− | Other adjustments | 10 131 | 11 331 |
− | Income tax paid | -5 266 | -1 719 |
Net cash from operating activities | 118 841 | 47 558 | |
Income from sales of tangible and intangible fixed assets | 1 288 | 65 | |
Income from financial assets | 259 | 0 | |
Income from repayment of loans | 9 712 | 2 162 | |
Income from repayment of interest on loans | 1 481 | 240 | |
Acquisition of tangible and intangible fixed assets | -27 255 | -40 164 | |
Acquisition of the CO2 emission rights | -5 073 | -17 302 | |
Outflows for financial assets | -12 534 | 0 | |
Other | 0 | -2 298 | |
Net cash from investing activities | -32 122 | -57 297 | |
Repayment of credits | -13 553 | 5 357 | |
Acquisition of own shares | 0 | -11 177 | |
Interest paid | -5 176 | -1 680 | |
Dividend paid | -31 291 | 0 | |
Financial expenses (leasing) | -1 410 | -1 584 | |
Net cash from financing activities | -51 430 | -9 084 | |
Change in cash | 35 289 | -18 823 | |
Change in cash resulting from foreign exchange differences | -8 | 2 | |
Cash at beginning of period | 78 997 | 68 730 | |
Change in net cash | 35 281 | -18 821 | |
Cash at end of period | 114 278 | 49 909 | |
including restricted cash | 349 | 697 |
6
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Sanok Rubber Company SA published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 07:35:02 UTC.