Interim Condensed Consolidated Financial Standing Statement
in thousand PLN
As at | |||
Specification | 30/06/2022 | 31/12/2021 | 30/06/2021 |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 387 475 | 389 683 | 393 160 |
Investment properties | 3 489 | 3 489 | 3 489 |
Goodwill | 2 385 | 2 290 | 7 500 |
Non-tangible assets other than goodwill | 5 982 | 6 623 | 7 130 |
Long-term receivables | 3 099 | 2 822 | 2 632 |
Contract assets | 2 040 | 2 159 | 1 581 |
Financial assets | 6 | 6 | 6 |
Deferred income tax assets | 36 354 | 34 126 | 28 647 |
Long-term prepayments | 3 577 | 3 856 | 4 257 |
Total fixed assets | 444 407 | 445 054 | 448 402 |
Inventory | 258 447 | 239 178 | 214 269 |
Trade receivables | 228 959 | 152 137 | 182 350 |
Other short-term receivables | 18 063 | 12 922 | 10 053 |
Income tax receivables | 2 609 | 3 139 | 1 671 |
Contract assets | 235 | 235 | 235 |
Prepayments | 8 128 | 3 036 | 7 649 |
Financial assets | 2 400 | 2 432 | 21 171 |
Cash | 61 695 | 81 537 | 145 121 |
Total current assets | 580 536 | 494 616 | 582 519 |
TOTAL ASSETS | 1 024 943 | 939 670 | 1 030 921 |
Share capital | 5 376 | 5 376 | 5 376 |
Valuation of warrants (incentive scheme) | 6 291 | 6 291 | 6 291 |
Reserve capital for the incentive program | 15 000 | 0 | 0 |
Statutory reserve capital | 1 792 | 1 792 | 1 792 |
Retained profits | 529 130 | 501 228 | 500 861 |
Exchange rate differences | -14 445 | -13 171 | -12 068 |
Total equity of the Parent Company | 543 144 | 501 516 | 502 252 |
Non-controlling interests | 766 | 511 | 385 |
Overall equity of the Parent Company and non-controlling interests | 543 910 | 502 027 | 502 637 |
Credits and debt securities | 100 687 | 47 511 | 106 451 |
Long-term provisions for employee benefits | 17 117 | 19 365 | 20 223 |
Deferred income | 4 444 | 4 616 | 4 913 |
Provision for deferred tax | 220 | 255 | 0 |
Financial liabilities due to leasing | 24 809 | 24 598 | 22 521 |
Total long-term liabilities | 147 277 | 96 345 | 154 108 |
Credits and debt securities | 87 056 | 145 776 | 142 785 |
Trade liabilities | 139 889 | 111 147 | 109 870 |
Other financial liabilities | 13 053 | 2 650 | 429 |
Financial liabilities due to leasing | 3 842 | 3 557 | 3 657 |
Other short-term liabilities | 24 347 | 19 522 | 49 494 |
Income tax liabilities | 259 | 146 | 224 |
Contractual liabilities | 12 052 | 13 052 | 15 250 |
Deferred income | 1 099 | 730 | 3 827 |
Short-term provisions for employee benefits | 33 861 | 24 116 | 33 799 |
Other short-term provisions | 18 298 | 20 602 | 14 841 |
Total short-term liabilities | 333 756 | 341 298 | 374 176 |
TOTAL LIABILITIES | 1 024 943 | 939 670 | 1 030 921 |
1
Interim Condensed Consolidated Profit and Loss Account
in thousand PLN
01/04/2022 | 01/01/2022 | 01/04/2021 | 01/01/2021 | |
Specification | 30/06/2022 | 30/06/2022 | 30/06/2021 | 30/06/2021 |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenues | 371 052 | 691 183 | 301 091 | 604 170 |
Prime costs of the sale | 294 241 | 565 513 | 242 388 | 488 437 |
Gross profit (loss) on sales | 76 811 | 125 670 | 58 703 | 115 733 |
Selling costs | 11 120 | 20 831 | 9 377 | 17 806 |
General and administrative costs | 29 083 | 60 940 | 30 092 | 59 185 |
Other operating revenues | 902 | 1 426 | 1 287 | 5 940 |
Other operating expenses | 416 | 1 369 | 2 278 | 4 841 |
Profit/loss on operating activity | 37 094 | 43 956 | 18 243 | 39 841 |
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
243 | 28 | -301 | -403 | ||||
-140 | 1 346 | 1 194 | 2 502 | ||||
924 | 3 616 | 802 | 2 361 | ||||
36 273 | 41 714 | 18 334 | 39 579 | ||||
-358 | 126 | 4 362 | 9 071 |
Net result | 36 631 | 41 588 | 13 972 | 30 508 |
attributable to: | ||||
shareholders of the parent company | 36 518 | 41 404 | 13 833 | 30 255 |
non-controlling shareholders | 113 | 184 | 139 | 253 |
Weighted average number of shares | 26 881 922 | 26 881 922 | ||
Earnings per share | 1,54 | 1,13 | ||
Diluted weighted average shares | 27 509 164 | 27 509 164 | ||
Diluted earnings per share | 1,51 | 1,10 |
2
Interim Condensed Consolidated Cash Flow Statement
in thousand PLN
Specification | For the period from 01/01 to 30/06 | |
(unaudited) | ||
2022 | 2021 | |
Net profit | 41 588 | 30 508 |
Total adjustments for: | -18 741 | 17 077 |
Depreciation | 30 794 | 31 281 |
Net foreign exchange rate profit and loss | 5 482 | -5 523 |
Net interest and dividends | 1 813 | 1 471 |
Income tax on profit before tax | 3 096 | 2 607 |
Profit (loss) on investment activities | 1 758 | -56 |
Change in provisions | 5 158 | 18 092 |
Change in inventory | -19 269 | -19 184 |
Change in receivables | -82 035 | -31 963 |
Change in liabilities | 31 099 | 13 442 |
Change in prepayments and deferred income | -6 844 | 3 566 |
Other adjustments | 12 634 | 7 035 |
Income tax paid | -2 427 | -3 691 |
Net cash flows from operating activity | 22 847 | 47 585 |
Inflows from sale of fixed assets and intangible and legal assets | 105 | 234 |
Purchase of fixed assets and intangible and legal assets | -39 700 | -15 941 |
Other investment cash flows | -925 | 32 200 |
Środki pieniężne netto z działalności inwestycyjnej | -40 520 | 16 493 |
Loans repayment | -7 986 | -26 012 |
Paid interest | -1 813 | -1 471 |
Financial expenditure on lease | -1 566 | -2 034 |
Other revenues/expenses | 9 194 | 557 |
Net cash flows from financing activity | -2 171 | -28 960 |
Change in cash and cash equivalents | -19 844 | 35 118 |
Net exchange differences in cash and cash equivalents | 2 | -4 |
Opening balance of cash | 81 537 | 110 007 |
Net change in cash | -19 842 | 35 114 |
Closing balance of cash | 61 695 | 145 121 |
including of limited disposability | 407 | 151 |
3
Interim Condensed Financial Standing Statement of SANOK RC SA
in thousand PLN | |||
As at | |||
30.06.2022 | 31.12.2021 | 30.06.2021 | |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 308 278 | 308 269 | 312 731 |
Investment real estate | 0 | 0 | 0 |
Intangible assets | 4 857 | 5 317 | 5 694 |
Other long-term accounts receivable | 3 099 | 2 822 | 2 632 |
Contract assets | 2 040 | 2 159 | 1 581 |
Shares | 79 160 | 98 883 | 40 841 |
Financial assets | 62 420 | 61 118 | 138 883 |
Deferred income tax assets | 29 871 | 27 232 | 23 706 |
Long-term active prepayments and accrued income | 620 | 508 | 530 |
Total fixed assets | 490 345 | 506 307 | 526 598 |
Stocks | 151 262 | 147 589 | 126 400 |
Trade accounts receivable | 199 799 | 132 796 | 150 457 |
Other short-term accounts receivable | 9 411 | 9 461 | 8 834 |
Contract assets | 235 | 235 | 235 |
Active prepayments and accrued income | 3 978 | 1 901 | 3 789 |
Financial assets | 2 475 | 14 786 | 22 271 |
Cash and cash equivalents | 44 407 | 68 730 | 121 959 |
Total current assets | 411 567 | 375 498 | 433 945 |
TOTAL ASSETS | 901 912 | 881 805 | 960 543 |
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 |
Reserve capital for the incentive program | 15 000 | 0 | 0 |
Retained profit | 528 223 | 534 235 | 531 088 |
Total shareholders' equity | 556 682 | 547 694 | 544 547 |
Credits | 94 877 | 35 635 | 96 735 |
Financial liabilities | 11 844 | 11 863 | 12 670 |
Provisions | 20 065 | 19 985 | 20 215 |
Income from future periods | 34 | 34 | 34 |
Total long-term liabilities | 126 820 | 67 517 | 129 654 |
Credits and debt securities | 65 447 | 131 079 | 129 848 |
Trade liabilities | 88 974 | 77 832 | 77 005 |
Financial liabilities | 5 709 | 4 759 | 2 158 |
Other short-term liabilities | 11 841 | 12 046 | 37 272 |
Income tax liabilities | 1 | 1 | 0 |
Liabilities related to the contract | 2 681 | 3 691 | 3 566 |
Income from future periods | 329 | 389 | 264 |
Provisions | 43 428 | 36 796 | 36 229 |
Total short-term liabilities | 218 410 | 266 594 | 286 342 |
TOTAL LIABILITIES | 901 912 | 881 805 | 960 543 |
4
Interim Condensed Profit and Loss Account of SANOK RC SA
in thousand PLN
01.04.2022 | 01.01.2022 | 01.04.2021 | 01.01.2021 | |||||
30.06.2022 | 30.06.2022 | 30.06.2021 | 30.06.2021 | |||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||
Sales revenue | 260 042 | 482 079 | 204 035 | 419 385 | ||||
Cost of sales | 209 495 | 405 958 | 168 766 | 343 120 | ||||
Gross profit on sales | 50 547 | 76 121 | 35 269 | 76 265 | ||||
Selling cost | 3 980 | 7 330 | 3 213 | 6 394 | ||||
General and administrative expenses | 16 400 | 34 196 | 15 789 | 31 082 | ||||
Core business result | 30 167 | 34 595 | 16 268 | 38 789 | ||||
Other operating income | 645 | 985 | 490 | 4 100 | ||||
Other operating expenses | 270 | 1 127 | 121 | 617 | ||||
Operating result | 30 542 | 34 453 | 16 637 | 42 272 | ||||
Losses on write-downs (+) / gains on reversals of write-downs under IFRS 9 | -2 668 | -3 276 | -791 | -378 | ||||
(-) | ||||||||
Interest income | 1 244 | 2 556 | 1 611 | 3 134 | ||||
Financial income | 1 637 | 2 711 | 3 155 | 3 795 | ||||
Financial expenses | 31 813 | 34 549 | 976 | 2 625 | ||||
Pre-tax profit | 4 278 | 8 447 | 21 218 | 46 954 | ||||
Income tax | -571 | -563 | 4 004 | 8 764 | ||||
current | 58 | 2 071 | -771 | 1 657 | ||||
deferred | 2 373 | 267 | 1 222 | -879 | ||||
deferred (activities in Polish Investment Zone) | -3 001 | -2 901 | 3 553 | 7 986 | ||||
Net profit | 4 849 | 9 010 | 17 214 | 38 190 | ||||
Weighted-average number of shares | 26 881 922 | 26 881 922 | ||||||
Earnings per share | 0,34 | 1,42 | ||||||
Weighted-average diluted number of shares | 27 509 164 | 27509164 | ||||||
Diluted earnings per share | 0,33 | 1,39 |
5
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Sanok Rubber Company SA published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2022 16:11:48 UTC.